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Armour Security (India)NSE:ARMOUR +3.60%17 ROE % is 29.21% as of Sep. 2025, which is 0% above its 10-year median of 29.17. GuruFocus rates NSE:ARMOUR with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 1,056 Business Services companies, Armour Security (India) ranks better than 71.12% 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 two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.
* 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.
Armour Security (India) ROE % Chart
Armour Security (India) Annual Data
Trend
Mar23
Mar24
Mar25
ROE %
64.65
29.17
24.16
Armour Security (India) Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
ROE %
0.00
0.00
0.00
29.21
NSE:ARMOUR vs ALLE, MSA, ADT: ROE % Comparison
For the Security & Protection Services subindustry, Armour Security (India)'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.
Armour Security (India) ROE % vs Business Services Industry
For the Business Services industry and Industrials sector, Armour Security (India)'s ROE % distribution charts can be found below:
* The bar in red indicates where Armour Security (India)'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 (Sep. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Armour Security (India) (NSE:ARMOUR) has a ROE % of 29.21% as of Sep. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Armour Security (India) and its competitors. This is near median its historical median of 29.17. Over the past decade, Armour Security (India)'s ROE % has ranged from 14.61 to 64.65. According to the industry distribution chart, Armour Security (India) ranks #305 out of 1056 companies in the Business Services industry, placing it in the top 28.9%.
Is Armour Security (India)'s ROE % too high?
Armour Security (India)'s current ROE % of 29.21% is near median its 10-year median of 29.17. Over the past 10 years, this metric has ranged from a low of 14.61 to a high of 64.65. The Business Services industry median ROE % is 8.15. Armour Security (India)'s value of 29.21% is 258.4% above this industry median. Based on the distribution chart, Armour Security (India) ranks #305 out of 1056 companies in the Business Services industry, which is above the industry midpoint. Overall, Armour Security (India) has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Armour Security (India)'s ROE % compare to ALLE and MSA?
According to the Business Services industry distribution chart, Armour Security (India) ranks #305 out of 1056 companies for ROE %. This puts Armour Security (India) in the upper half of its industry. The industry median ROE % is 8.15. Armour Security (India)'s value of 29.21% is 258.4% above this benchmark. Historically, Armour Security (India)'s own ROE % has ranged from 14.61 to 64.65 over the past decade. While the company's 10-year median is 29.17 vs. the industry median of 8.15, Armour Security (India) 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 Business Services company?
The median ROE % among Business Services companies is 8.15, based on 1,056 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. Armour Security (India)'s current ROE % of 29.21% is 258.4% 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 Armour Security (India) and its competitors. For the Business Services industry, the median ROE % is 8.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Armour Security (India)'s current ROE % is 29.21%, which is near median its own 10-year median of 29.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armour Security (India) stock overvalued right now?
Armour Security (India) (NSE:ARMOUR) has a current ROE % of 29.21%. The current ROE % is 29.21%, which is near median its 10-year median of 29.17 and 258.4% above the Business Services industry median of 8.15. Armour Security (India)'s overall GF Score™ is 17/100 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 Armour Security (India) (NSE:ARMOUR), the current ROE % is 29.21% as of Sep. 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.
Armour Security (India) Ltd is engaged in providing comprehensive and customised Security services, Facility Management services, and Recruitment and Staffing solutions across India. It also specializes in providing ancillary services like event support and branding content creation. The company's consultancy services include Transition and Deputation Process Service, Mechanical Clean Service, House Keeping Service, Fire Fighting Service, Supervision Service and Reviews of the Service. Additionally, it offers consulting and advisory services and provides self-service technologies. The company derives the majority of revenue from the provision of Security and other Manpower Services.
17GF Score
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