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Harikanta OverseasBOM:544769 +9.38%18 ROE % is 56.72% as of Mar. 2025, which is 8% above its 10-year median of 52.64. GuruFocus rates BOM:544769 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 1,024 Manufacturing - Apparel & Accessories companies, Harikanta Overseas ranks better than 97.66% on this metric.
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 one times the annual (Mar. 2025) net income data. The Revenue data used here is one times the annual (Mar. 2025) 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.
Harikanta Overseas ROE % Related Terms
Harikanta Overseas ROE % Historical Data
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The historical data trend for Harikanta Overseas'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.
Harikanta Overseas ROE % Chart
Harikanta Overseas Annual Data
Trend
Mar23
Mar24
Mar25
ROE %
22.00
52.64
56.72
Harikanta Overseas Semi-Annual Data
Mar23
Mar24
Mar25
ROE %
22.00
52.64
56.72
Harikanta Overseas ROE % Competitor Comparison
For the Textile Manufacturing subindustry, Harikanta Overseas'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.
Harikanta Overseas ROE % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harikanta Overseas's ROE % distribution charts can be found below:
* The bar in red indicates where Harikanta Overseas'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 one times the annual (Mar. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Harikanta Overseas (BOM:544769) has a ROE % of 56.72% as of Mar. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Harikanta Overseas and its competitors. This is near median its historical median of 52.64. Over the past decade, Harikanta Overseas' ROE % has ranged from 22.00 to 56.72. According to the industry distribution chart, Harikanta Overseas ranks #24 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 2.3%.
Is Harikanta Overseas' ROE % too high?
Harikanta Overseas' current ROE % of 56.72% is near median its 10-year median of 52.64. Over the past 10 years, this metric has ranged from a low of 22.00 to a high of 56.72. The Manufacturing - Apparel & Accessories industry median ROE % is 4.04. Harikanta Overseas' value of 56.72% is 1304% above this industry median. Based on the distribution chart, Harikanta Overseas ranks #24 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Harikanta Overseas has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Harikanta Overseas' ROE % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Harikanta Overseas ranks #24 out of 1024 companies for ROE %. This places Harikanta Overseas in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 4.04. Harikanta Overseas' value of 56.72% is 1304% above this benchmark. Historically, Harikanta Overseas' own ROE % has ranged from 22.00 to 56.72 over the past decade. While the company's 10-year median is 52.64 vs. the industry median of 4.04, Harikanta Overseas 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 Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,024 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. Harikanta Overseas's current ROE % of 56.72% is 1304% 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 Harikanta Overseas and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harikanta Overseas's current ROE % is 56.72%, which is near median its own 10-year median of 52.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harikanta Overseas stock overvalued right now?
Harikanta Overseas (BOM:544769) has a current ROE % of 56.72%. The current ROE % is 56.72%, which is near median its 10-year median of 52.64 and 1304% above the Manufacturing - Apparel & Accessories industry median of 4.04. Harikanta Overseas' overall GF Score™ is 18/100 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 Harikanta Overseas (BOM:544769), the current ROE % is 56.72% as of Mar. 2025. 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.
Harikanta Overseas Ltd is engaged in the manufacturing of Synthetic textile fabrics. Its product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber. The company caters fabric to women's wear, producing fabrics for sarees, dress materials, and kurtas, while also offering fabrics for men's kurtas. It has single reportable segment namely Manufacturing and exporting of textile fabrics. The majority of the company's revenue is derived from the sale of Ikat Fabrics.
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