ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ashoka Metcast's annualized net income for the quarter that ended in Mar. 2026 was ₹88.9 Mil. Ashoka Metcast's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹1,219.7 Mil. Therefore, Ashoka Metcast's annualized ROE % for the quarter that ended in Mar. 2026 was 7.29%.
The historical rank and industry rank for Ashoka Metcast's ROE % or its related term are showing as below:
NSE:ASHOKAMET'
s ROE % Range Over the Past 10 Years
Min: -2.64 Med: 4.59 Max: 138.96
Current: 9.43
During the past 13 years, Ashoka Metcast's highest ROE % was 138.96%. The lowest was -2.64%. And the median was 4.59%.
NSE:ASHOKAMET's ROE % is ranked better than 74.68% of 620
companies
in the Steel industry
Industry Median: 3.68
vs NSE:ASHOKAMET: 9.43
Ashoka Metcast (NSE:ASHOKAMET) 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:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.
Ashoka Metcast ROE % Related Terms
Ashoka Metcast ROE % Historical Data
* Premium members only.
The historical data trend for Ashoka Metcast'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.
For the Steel subindustry, Ashoka Metcast'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.
Ashoka Metcast ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Ashoka Metcast's ROE % distribution charts can be found below:
* The bar in red indicates where Ashoka Metcast'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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Ashoka Metcast (NSE:ASHOKAMET) has a ROE % of 7.29% 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 Ashoka Metcast and its competitors. This is 59% above median its historical median of 4.59. According to the industry distribution chart, Ashoka Metcast ranks #157 out of 620 companies in the Steel industry, placing it in the top 25.3%.
Is Ashoka Metcast's ROE % too high?
Ashoka Metcast's current ROE % of 7.29% is 59% above median its 10-year median of 4.59. The Steel industry median ROE % is 3.68. Ashoka Metcast's value of 7.29% is 98.1% above this industry median. Based on the distribution chart, Ashoka Metcast ranks #157 out of 620 companies in the Steel industry, which is above the industry midpoint. Overall, Ashoka Metcast has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ashoka Metcast's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Ashoka Metcast ranks #157 out of 620 companies for ROE %. This puts Ashoka Metcast in the upper half of its industry. The industry median ROE % is 3.68. Ashoka Metcast's value of 7.29% is 98.1% above this benchmark. While the company's 10-year median is 4.59 vs. the industry median of 3.68, Ashoka Metcast 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 Steel company?
The median ROE % among Steel companies is 3.68, based on 620 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. Ashoka Metcast's current ROE % of 7.29% is 98.1% 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 Ashoka Metcast and its competitors. For the Steel industry, the median ROE % is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashoka Metcast's current ROE % is 7.29%, which is 59% above median its own 10-year median of 4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashoka Metcast stock overvalued right now?
Based on GuruFocus' analysis, Ashoka Metcast (NSE:ASHOKAMET) is currently considered Fairly Valued. The stock's GF Value™ is ₹16.17, compared to a current price of ₹15.23 — trading 5.8% below its estimated fair value. The current ROE % is 7.29%, which is 59% above median its 10-year median of 4.59 and 98.1% above the Steel industry median of 3.68. Ashoka Metcast's overall GF Score™ is 73/100 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 Ashoka Metcast (NSE:ASHOKAMET), the current ROE % is 7.29% 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.
Is Ashoka Metcast (NSE:ASHOKAMET) Overvalued in 2026?
Based on GuruFocus' analysis, Ashoka Metcast stock appears to be undervalued.
The current stock price of ₹15.23 is trading 5.8% below its estimated GF Value™ of ₹16.17.
GuruFocus considers Ashoka Metcast to be Fairly Valued.
Key valuation signals for NSE:ASHOKAMET:
ROE %: 7.29% (59% above median its 10-year median of 4.59)
GF Value™: ₹16.17 vs. price of ₹15.23 (5.8% below fair value)
Industry Position: 98.1% above the Steel median (#157 of 620)
No single metric tells the full story. See the NSE:ASHOKAMET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.
73GF Score
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