Aeron Composite (NSE:AERON) ROE %: 2.72% (As of Mar. 2026) — 89% Below Median


NSE:AERON Aeron Composite Ltd NSE:AERON
49 GF Score
Price ₹87.95
! 8 Warning Signs
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What is Aeron Composite ROE %?

Aeron Composite NSE:AERON +7.26% 49 ROE % is 2.72% as of Mar. 2026, which is 89% below its 10-year median of 23.66. GuruFocus rates NSE:AERON with a GF Score™ of 49/100. The stock has 8 warning signs investors should review. Among 558 Conglomerates companies, Aeron Composite ranks better than 60.22% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Aeron Composite's annualized net income for the quarter that ended in Mar. 2026 was ₹30 Mil. Aeron Composite's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹1,090 Mil. Therefore, Aeron Composite's annualized ROE % for the quarter that ended in Mar. 2026 was 2.72%.

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

NSE:AERON' s ROE % Range Over the Past 10 Years
Min: 8.2   Med: 23.66   Max: 33.22
Current: 8.2

During the past 6 years, Aeron Composite's highest ROE % was 33.22%. The lowest was 8.20%. And the median was 23.66%.

NSE:AERON's ROE % is ranked better than
60.22% of 558 companies
in the Conglomerates industry
Industry Median: 6.28 vs NSE:AERON: 8.20

Aeron Composite  (NSE:AERON) 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
=29.68/1089.588
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(29.68 / 2102.932)*(2102.932 / 2122.144)*(2122.144 / 1089.588)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.41 %*0.9909*1.9477
=ROA %*Equity Multiplier
=1.4 %*1.9477
=2.72 %

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
=29.68/1089.588
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (29.68 / 44.218) * (44.218 / 107.862) * (107.862 / 2102.932) * (2102.932 / 2122.144) * (2122.144 / 1089.588)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6712 * 0.4099 * 5.13 % * 0.9909 * 1.9477
=2.72 %

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.


Aeron Composite ROE % Related Terms


Aeron Composite ROE % Historical Data

* Premium members only.

The historical data trend for Aeron Composite'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.

Aeron Composite ROE % Chart

Aeron Composite Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial 26.19 32.30 33.22 19.55 8.27

Aeron Composite Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only 28.73 20.49 13.70 13.83 2.72

NSE:AERON vs HON, MMM: ROE % Comparison

For the Conglomerates subindustry, Aeron Composite'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.


Aeron Composite ROE % vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aeron Composite's ROE % distribution charts can be found below:

* The bar in red indicates where Aeron Composite's ROE % falls into.


NSE:AERON
49GF Score
Aeron Composite Ltd NSE:AERON
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Aeron Composite ROE % Calculation

Aeron Composite'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 )
=87.163/( (1009.845+1097.008)/ 2 )
=87.163/1053.4265
=8.27 %

Aeron Composite'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 )
=29.68/( (1082.168+1097.008)/ 2 )
=29.68/1089.588
=2.72 %

* 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 2.72% mean?
Aeron Composite (NSE:AERON) has a ROE % of 2.72% 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 Aeron Composite and its competitors. This is 89% below median its historical median of 23.66. Over the past decade, Aeron Composite's ROE % has ranged from 8.20 to 33.22. According to the industry distribution chart, Aeron Composite ranks #222 out of 558 companies in the Conglomerates industry, placing it in the top 39.8%.
Is Aeron Composite's ROE % too high?
Aeron Composite's current ROE % of 2.72% is 89% below median its 10-year median of 23.66. Over the past 10 years, this metric has ranged from a low of 8.20 to a high of 33.22. The Conglomerates industry median ROE % is 6.28. Aeron Composite's value of 2.72% is 56.7% below this industry median. Based on the distribution chart, Aeron Composite ranks #222 out of 558 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Aeron Composite has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Aeron Composite's ROE % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Aeron Composite ranks #222 out of 558 companies for ROE %. This puts Aeron Composite in the upper half of its industry. The industry median ROE % is 6.28. Aeron Composite's value of 2.72% is 56.7% below this benchmark. Historically, Aeron Composite's own ROE % has ranged from 8.20 to 33.22 over the past decade. While the company's 10-year median is 23.66 vs. the industry median of 6.28, Aeron Composite has consistently been below 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 Conglomerates company?
The median ROE % among Conglomerates companies is 6.28, based on 558 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. Aeron Composite's current ROE % of 2.72% is 56.7% below 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 Aeron Composite and its competitors. For the Conglomerates industry, the median ROE % is 6.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aeron Composite's current ROE % is 2.72%, which is 89% below median its own 10-year median of 23.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aeron Composite stock overvalued right now?
Aeron Composite (NSE:AERON) has a current ROE % of 2.72%. The current ROE % is 2.72%, which is 89% below median its 10-year median of 23.66 and 56.7% below the Conglomerates industry median of 6.28. Aeron Composite's overall GF Score™ is 49/100 with 8 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 Aeron Composite (NSE:AERON), the current ROE % is 2.72% 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.

Aeron Composite Business Description

Address Sarkhej Bavla Highway, Saket Industrial Estate, Plot No. 30/31, Village Moraiya, Changodar, Moraiya, GJ, IND, 382213
Aeron Composite Ltd is engaged in the manufacturing and supply of ceramic refractories, FRP/GRP composites, ceramic tiles, waterjet and laser cutting machines, paints, and lime. It offers complete solutions, including conceptual design, prototype development, testing, manufacturing, logistic support, installation, and comprehensive after-sales service. The company's products are used in various markets and applications such as water and wastewater, metals and mining, oil and gas, pulp and paper, transportation, telecommunications, pharmaceuticals, and chemicals. Geographically, it serves both domestic and international markets, with the majority of its revenue derived from customers located outside India.
49GF Score

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