Kenrik Industries (BOM:544398) ROE %: -5.22% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:544398 Kenrik Industries Ltd BOM:544398
14 GF Score
Price ₹7.04
! 4 Warning Signs
View Full Analysis

What is Kenrik Industries ROE %?

Kenrik Industries BOM:544398 +0.28% 14 ROE % is -5.22% as of Mar. 2026. GuruFocus rates BOM:544398 with a GF Score™ of 14/100. The stock has 4 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Kenrik Industries ranks worse than 74.21% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Kenrik Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹-11.8 Mil. Kenrik Industries's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹225.3 Mil. Therefore, Kenrik Industries's annualized ROE % for the quarter that ended in Mar. 2026 was -5.22%.

The historical rank and industry rank for Kenrik Industries's ROE % or its related term are showing as below:

BOM:544398' s ROE % Range Over the Past 10 Years
Min: -0.02   Med: 4.21   Max: 8.88
Current: -0.02

During the past 5 years, Kenrik Industries's highest ROE % was 8.88%. The lowest was -0.02%. And the median was 4.21%.

BOM:544398's ROE % is ranked worse than
74.21% of 1101 companies
in the Retail - Cyclical industry
Industry Median: 6.55 vs BOM:544398: -0.02

Kenrik Industries  (BOM:544398) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-11.766/225.306
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-11.766 / 1161.24)*(1161.24 / 249.6575)*(249.6575 / 225.306)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1.01 %*4.6513*1.1081
=ROA %*Equity Multiplier
=-4.7 %*1.1081
=-5.22 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-11.766/225.306
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-11.766 / -14.58) * (-14.58 / -14.722) * (-14.722 / 1161.24) * (1161.24 / 249.6575) * (249.6575 / 225.306)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.807 * 0.9904 * -1.27 % * 4.6513 * 1.1081
=-5.22 %

Note: The net income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Kenrik Industries ROE % Related Terms


Kenrik Industries ROE % Historical Data

* Premium members only.

The historical data trend for Kenrik Industries's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kenrik Industries ROE % Chart

Kenrik Industries Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
3.46 4.21 8.88 7.58 -0.02

Kenrik Industries Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
ROE % Get a 7-Day Free Trial 0.00 5.75 9.28 6.44 -5.22

BOM:544398 vs TPR: ROE % Comparison

For the Luxury Goods subindustry, Kenrik Industries's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kenrik Industries ROE % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kenrik Industries's ROE % distribution charts can be found below:

* The bar in red indicates where Kenrik Industries's ROE % falls into.


BOM:544398
14GF Score
Kenrik Industries Ltd BOM:544398
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kenrik Industries ROE % Calculation

Kenrik Industries's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=-0.038/( (135.953+223.364)/ 2 )
=-0.038/179.6585
=-0.02 %

Kenrik Industries's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-11.766/( (227.248+223.364)/ 2 )
=-11.766/225.306
=-5.22 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -5.22% mean?
Kenrik Industries (BOM:544398) has a ROE % of -5.22% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Kenrik Industries and its competitors. According to the industry distribution chart, Kenrik Industries ranks #817 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 74.2%.
Is Kenrik Industries' ROE % too high?
Kenrik Industries' current ROE % is -5.22%. Based on the distribution chart, Kenrik Industries ranks #817 out of 1101 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Kenrik Industries has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Kenrik Industries' ROE % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Kenrik Industries ranks #817 out of 1101 companies for ROE %. This places Kenrik Industries in the lower half of its industry. The industry median ROE % is 6.55. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.55, based on 1,101 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Kenrik Industries and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kenrik Industries's current ROE % is -5.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenrik Industries stock overvalued right now?
Kenrik Industries (BOM:544398) has a current ROE % of -5.22%. The current ROE % is -5.22%. Kenrik Industries' overall GF Score™ is 14/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Kenrik Industries (BOM:544398), the current ROE % is -5.22% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Kenrik Industries Business Description

Address Near S P Ring Road, Ambli Road, B-306, East Face, Behind Maruti Suzuki Showroom, Ambli, Daskroi, Ahmedabad, GJ, IND, 380058
Kenrik Industries Ltd is focused on traditional Indian jewellery. Its products include handmade gold jewellery studded with precious and semi-precious stones such as diamond, ruby, cubic zirconia, etc. Its product portfolio also includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items and other wedding jewellery.
14GF Score

Get the complete analysis for BOM:544398

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹7.04
Price