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Advance TechnoforgeBOM:544843 -0.89%11 ROE % is 34.80% as of Mar. 2026, which is 15% above its 10-year median of 30.29. GuruFocus rates BOM:544843 with a GF Score™ of 11/100. The stock has 4 warning signs investors should review. Among 3,016 Industrial Products companies, Advance Technoforge ranks better than 96.68% 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. 2026) net income data. The Revenue data used here is one times the 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.
Advance Technoforge ROE % Related Terms
Advance Technoforge ROE % Historical Data
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The historical data trend for Advance Technoforge'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.
Advance Technoforge ROE % Chart
Advance Technoforge Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
ROE %
14.38
28.03
32.55
34.80
Advance Technoforge Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
ROE %
14.38
28.03
32.55
34.80
BOM:544843 vs ATI, CRS, MLI: ROE % Comparison
For the Metal Fabrication subindustry, Advance Technoforge'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.
Advance Technoforge ROE % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Advance Technoforge's ROE % distribution charts can be found below:
* The bar in red indicates where Advance Technoforge'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. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Advance Technoforge (BOM:544843) has a ROE % of 34.80% 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 Advance Technoforge and its competitors. This is 15% above median its historical median of 30.29. Over the past decade, Advance Technoforge's ROE % has ranged from 14.38 to 34.80. According to the industry distribution chart, Advance Technoforge ranks #100 out of 3016 companies in the Industrial Products industry, placing it in the top 3.3%.
Is Advance Technoforge's ROE % too high?
Advance Technoforge's current ROE % of 34.80% is 15% above median its 10-year median of 30.29. Over the past 10 years, this metric has ranged from a low of 14.38 to a high of 34.80. The Industrial Products industry median ROE % is 6.24. Advance Technoforge's value of 34.80% is 458.1% above this industry median. Based on the distribution chart, Advance Technoforge ranks #100 out of 3016 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Advance Technoforge has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Advance Technoforge's ROE % compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Advance Technoforge ranks #100 out of 3016 companies for ROE %. This places Advance Technoforge in the top 3% of its industry — outperforming the majority of peers. The industry median ROE % is 6.24. Advance Technoforge's value of 34.80% is 458.1% above this benchmark. Historically, Advance Technoforge's own ROE % has ranged from 14.38 to 34.80 over the past decade. While the company's 10-year median is 30.29 vs. the industry median of 6.24, Advance Technoforge 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 an Industrial Products company?
The median ROE % among Industrial Products companies is 6.24, based on 3,016 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. Advance Technoforge's current ROE % of 34.80% is 458.1% 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 Advance Technoforge and its competitors. For the Industrial Products industry, the median ROE % is 6.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advance Technoforge's current ROE % is 34.80%, which is 15% above median its own 10-year median of 30.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advance Technoforge stock overvalued right now?
Advance Technoforge (BOM:544843) has a current ROE % of 34.80%. The current ROE % is 34.80%, which is 15% above median its 10-year median of 30.29 and 458.1% above the Industrial Products industry median of 6.24. Advance Technoforge's overall GF Score™ is 11/100 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 Advance Technoforge (BOM:544843), the current ROE % is 34.80% 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.
Advance Technoforge Ltd is engaged in the manufacturing of forged steel machined components of Carbon Steel, Alloy Steel, and Stainless Steel, specializing in Closed Die Forging, Upset Forging and Ring Rolling Forging in both rough and precision machined conditions. The company supplies these products to automotive, General engineering, oil & gas, Earth Moving and heavy machinery industries. The majority of its revenue is derived from the sale of its products in India.
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