BAG Convergence (NSE:BAGDIGITAL) ROE %: 19.12% (As of Mar. 2026) — 70% Below Median


NSE:BAGDIGITAL BAG Convergence Ltd NSE:BAGDIGITAL
21 GF Score
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! 4 Warning Signs
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What is BAG Convergence ROE %?

BAG Convergence NSE:BAGDIGITAL 21 ROE % is 19.12% as of Mar. 2026, which is 70% below its 10-year median of 64.16. GuruFocus rates NSE:BAGDIGITAL with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 534 Interactive Media companies, BAG Convergence ranks better than 66.48% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. BAG Convergence's annualized net income for the quarter that ended in Mar. 2026 was ₹94.8 Mil. BAG Convergence's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹495.7 Mil. Therefore, BAG Convergence's annualized ROE % for the quarter that ended in Mar. 2026 was 19.12%.

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

NSE:BAGDIGITAL' s ROE % Range Over the Past 10 Years
Min: 9.56   Med: 64.16   Max: 260.09
Current: 9.56

During the past 4 years, BAG Convergence's highest ROE % was 260.09%. The lowest was 9.56%. And the median was 64.16%.

NSE:BAGDIGITAL's ROE % is ranked better than
66.48% of 534 companies
in the Interactive Media industry
Industry Median: 2.345 vs NSE:BAGDIGITAL: 9.56

BAG Convergence  (NSE:BAGDIGITAL) 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
=94.786/495.714
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(94.786 / 426.85)*(426.85 / 731.25)*(731.25 / 495.714)
=Net Margin %*Asset Turnover*Equity Multiplier
=22.21 %*0.5837*1.4751
=ROA %*Equity Multiplier
=12.96 %*1.4751
=19.12 %

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
=94.786/495.714
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (94.786 / 133.922) * (133.922 / 133.202) * (133.202 / 426.85) * (426.85 / 731.25) * (731.25 / 495.714)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7078 * 1.0054 * 31.21 % * 0.5837 * 1.4751
=19.12 %

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.


BAG Convergence ROE % Related Terms


BAG Convergence ROE % Historical Data

* Premium members only.

The historical data trend for BAG Convergence'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.

BAG Convergence ROE % Chart

BAG Convergence Annual Data
Trend Mar23 Mar24 Mar25 Mar26
ROE %
Negative Equity 260.09 64.16 21.73

BAG Convergence Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
ROE % 0.00 0.00 71.87 19.12

NSE:BAGDIGITAL vs GOOGL, META, SPOT: ROE % Comparison

For the Internet Content & Information subindustry, BAG Convergence'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.


BAG Convergence ROE % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, BAG Convergence's ROE % distribution charts can be found below:

* The bar in red indicates where BAG Convergence's ROE % falls into.


NSE:BAGDIGITAL
21GF Score
BAG Convergence Ltd NSE:BAGDIGITAL
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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BAG Convergence ROE % Calculation

BAG Convergence'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 )
=107.707/( (222.091+769.337)/ 2 )
=107.707/495.714
=21.73 %

BAG Convergence's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Mar. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=94.786/( (222.091+769.337)/ 2 )
=94.786/495.714
=19.12 %

* 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 19.12% mean?
BAG Convergence (NSE:BAGDIGITAL) has a ROE % of 19.12% 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 BAG Convergence and its competitors. This is 70% below median its historical median of 64.16. Over the past decade, BAG Convergence's ROE % has ranged from 9.56 to 260.09. According to the industry distribution chart, BAG Convergence ranks #179 out of 534 companies in the Interactive Media industry, placing it in the top 33.5%.
Is BAG Convergence's ROE % too high?
BAG Convergence's current ROE % of 19.12% is 70% below median its 10-year median of 64.16. Over the past 10 years, this metric has ranged from a low of 9.56 to a high of 260.09. The Interactive Media industry median ROE % is 2.35. BAG Convergence's value of 19.12% is 715.4% above this industry median. Based on the distribution chart, BAG Convergence ranks #179 out of 534 companies in the Interactive Media industry, which is above the industry midpoint. Overall, BAG Convergence has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does BAG Convergence's ROE % compare to GOOGL and META?
According to the Interactive Media industry distribution chart, BAG Convergence ranks #179 out of 534 companies for ROE %. This puts BAG Convergence in the upper half of its industry. The industry median ROE % is 2.35. BAG Convergence's value of 19.12% is 715.4% above this benchmark. Historically, BAG Convergence's own ROE % has ranged from 9.56 to 260.09 over the past decade. While the company's 10-year median is 64.16 vs. the industry median of 2.35, BAG Convergence 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 Interactive Media company?
The median ROE % among Interactive Media companies is 2.35, based on 534 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. BAG Convergence's current ROE % of 19.12% is 715.4% 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 BAG Convergence and its competitors. For the Interactive Media industry, the median ROE % is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BAG Convergence's current ROE % is 19.12%, which is 70% below median its own 10-year median of 64.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BAG Convergence stock overvalued right now?
BAG Convergence (NSE:BAGDIGITAL) has a current ROE % of 19.12%. The current ROE % is 19.12%, which is 70% below median its 10-year median of 64.16 and 715.4% above the Interactive Media industry median of 2.35. BAG Convergence's overall GF Score™ is 21/100 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 BAG Convergence (NSE:BAGDIGITAL), the current ROE % is 19.12% 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.

BAG Convergence Business Description

Address FC-23, Sector 16A, Film City, Sector 16A, Noida, UP, IND, 201301
BAG Convergence Ltd is engaged in the business of convergence of traditional media to digital media and renders technical assistance to TV channels, along with services related to website maintenance. The company is involved in content creation on digital platforms across News, Entertainment, Sports, Religious, and other segments, operating through websites, social media platforms including YouTube, Facebook, Instagram, and X, as well as Connected TV on Samsung Plus, LG, Xiaomi, and Waves-Prasar Bharti. Its clients include News24 Hindi, News24 English, E24, ISOMES, and BAG.
21GF Score

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