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MerritronixBOM:544773 -0.44%19 ROE % is 59.19% as of Mar. 2026, which is 29% above its 10-year median of 45.93. GuruFocus rates BOM:544773 with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 2,429 Hardware companies, Merritronix ranks better than 97.82% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Merritronix's annualized net income for the quarter that ended in Mar. 2026 was ₹246 Mil. Merritronix's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹415 Mil. Therefore, Merritronix's annualized ROE % for the quarter that ended in Mar. 2026 was 59.19%.
The historical rank and industry rank for Merritronix's ROE % or its related term are showing as below:
BOM:544773'
s ROE % Range Over the Past 10 Years
Min: 8.17 Med: 45.93 Max: 69.21
Current: 48.34
During the past 4 years, Merritronix's highest ROE % was 69.21%. The lowest was 8.17%. And the median was 45.93%.
BOM:544773's ROE % is ranked better than 97.82% of 2429
companies
in the Hardware industry
Industry Median: 4.66
vs BOM:544773: 48.34
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 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.
Merritronix ROE % Related Terms
Merritronix ROE % Historical Data
* Premium members only.
The historical data trend for Merritronix'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.
Merritronix ROE % Chart
Merritronix Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
ROE %
8.17
45.82
69.21
46.03
Merritronix Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
ROE %
0.00
0.00
0.00
32.55
59.19
BOM:544773 vs APH, GLW, TEL: ROE % Comparison
For the Electronic Components subindustry, Merritronix'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.
Merritronix ROE % vs Hardware Industry
For the Hardware industry and Technology sector, Merritronix's ROE % distribution charts can be found below:
* The bar in red indicates where Merritronix'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 two times the semi-annual (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Merritronix (BOM:544773) has a ROE % of 59.19% 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 Merritronix and its competitors. This is 29% above median its historical median of 45.93. Over the past decade, Merritronix's ROE % has ranged from 8.17 to 69.21. According to the industry distribution chart, Merritronix ranks #53 out of 2429 companies in the Hardware industry, placing it in the top 2.2%.
Is Merritronix's ROE % too high?
Merritronix's current ROE % of 59.19% is 29% above median its 10-year median of 45.93. Over the past 10 years, this metric has ranged from a low of 8.17 to a high of 69.21. The Hardware industry median ROE % is 4.66. Merritronix's value of 59.19% is 1170.2% above this industry median. Based on the distribution chart, Merritronix ranks #53 out of 2429 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Merritronix has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Merritronix's ROE % compare to APH and GLW?
According to the Hardware industry distribution chart, Merritronix ranks #53 out of 2429 companies for ROE %. This places Merritronix in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 4.66. Merritronix's value of 59.19% is 1170.2% above this benchmark. Historically, Merritronix's own ROE % has ranged from 8.17 to 69.21 over the past decade. While the company's 10-year median is 45.93 vs. the industry median of 4.66, Merritronix 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 Hardware company?
The median ROE % among Hardware companies is 4.66, based on 2,429 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. Merritronix's current ROE % of 59.19% is 1170.2% 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 Merritronix and its competitors. For the Hardware industry, the median ROE % is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merritronix's current ROE % is 59.19%, which is 29% above median its own 10-year median of 45.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merritronix stock overvalued right now?
Merritronix (BOM:544773) has a current ROE % of 59.19%. The current ROE % is 59.19%, which is 29% above median its 10-year median of 45.93 and 1170.2% above the Hardware industry median of 4.66. Merritronix's overall GF Score™ is 19/100 with 3 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 Merritronix (BOM:544773), the current ROE % is 59.19% 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.
Merritronix Ltd operates as an electronics manufacturing services (EMS) provider in India. It is engaged in the business of manufacturing and assembly of electronic components, including engineering design and development services. The company's offerings include electronic manufacturing services, encompassing component sourcing, printed circuit board ("PCB") assembly, system integration, testing, box-build solutions and delivery of finished electronic products. It serves various industries, including defence, aerospace, industrial electronics, and scientific research sectors. The company derives the majority of its revenue from the sale of its products in India.
19GF Score
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