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National Securities DepositoryBOM:544467 +0.05%47 ROE % is 16.57% as of Jun. 2026, which is 9% below its 10-year median of 18.15. GuruFocus rates BOM:544467 with a GF Score™ of 47/100. The stock has 2 warning signs investors should review. Among 792 Capital Markets companies, National Securities Depository ranks better than 77.9% on this metric.
National Securities Depository (BOM:544467) 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:
Note:
The net income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 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.
National Securities Depository ROE % Related Terms
National Securities Depository ROE % Historical Data
* 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.
For the Financial Data & Stock Exchanges subindustry, National Securities Depository'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.
National Securities Depository ROE % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, National Securities Depository's ROE % distribution charts can be found below:
* The bar in red indicates where National Securities Depository's ROE % falls into.
* 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 four times the quarterly (Jun. 2026) net income data.
ROE % is displayed in the 30-year financial page.
National Securities Depository (BOM:544467) has a ROE % of 16.57% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on National Securities Depository and its competitors. This is near median its historical median of 18.15. Over the past decade, National Securities Depository's ROE % has ranged from 17.36 to 19.06. According to the industry distribution chart, National Securities Depository ranks #175 out of 792 companies in the Capital Markets industry, placing it in the top 22.1%.
Is National Securities Depository's ROE % too high?
National Securities Depository's current ROE % of 16.57% is near median its 10-year median of 18.15. Over the past 10 years, this metric has ranged from a low of 17.36 to a high of 19.06. The Capital Markets industry median ROE % is 6.07. National Securities Depository's value of 16.57% is 173.2% above this industry median. Based on the distribution chart, National Securities Depository ranks #175 out of 792 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, National Securities Depository has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does National Securities Depository's ROE % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, National Securities Depository ranks #175 out of 792 companies for ROE %. This places National Securities Depository in the top 22% of its industry — outperforming the majority of peers. The industry median ROE % is 6.07. National Securities Depository's value of 16.57% is 173.2% above this benchmark. Historically, National Securities Depository's own ROE % has ranged from 17.36 to 19.06 over the past decade. While the company's 10-year median is 18.15 vs. the industry median of 6.07, National Securities Depository has consistently been above the industry average. 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 Capital Markets company?
The median ROE % among Capital Markets companies is 6.07, based on 792 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. National Securities Depository's current ROE % of 16.57% is 173.2% above the industry median. 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 National Securities Depository and its competitors. For the Capital Markets industry, the median ROE % is 6.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Securities Depository's current ROE % is 16.57%, which is near median its own 10-year median of 18.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Securities Depository stock overvalued right now?
National Securities Depository (BOM:544467) has a current ROE % of 16.57%. The current ROE % is 16.57%, which is near median its 10-year median of 18.15 and 173.2% above the Capital Markets industry median of 6.07. National Securities Depository's overall GF Score™ is 47/100 with 2 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 National Securities Depository (BOM:544467), the current ROE % is 16.57% as of Jun. 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.
National Securities Depository Ltd is a SEBI-registered market infrastructure institution (MII) that offers a wide range-of-products and services to the financial and securities markets in India. As a depository, it provides a depository framework that allows market participants to engage in the financial and securities markets in India. It also plays a central role in developing products and services that will continue to meet the growing needs of the financial services industry in India. The company's business is to provide depository services to its clients in India, including various services for investors such as dematerialization, re-materialization, holding, transfer, and pledge of securities in electronic form.
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