Bharat RasayanNSE:BHARATRAS +0.05%65 ROE % is 11.97% as of Mar. 2026, which is 51% below its 10-year median of 24.45. GuruFocus rates NSE:BHARATRAS with a GF Score™ of 65/100 and a GF Value™ of ₹2,613.29 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 251 Agriculture companies, Bharat Rasayan ranks better than 66.53% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Bharat Rasayan's annualized net income for the quarter that ended in Mar. 2026 was ₹1,526 Mil. Bharat Rasayan's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹12,747 Mil. Therefore, Bharat Rasayan's annualized ROE % for the quarter that ended in Mar. 2026 was 11.97%.
The historical rank and industry rank for Bharat Rasayan's ROE % or its related term are showing as below:
NSE:BHARATRAS'
s ROE % Range Over the Past 10 Years
Min: 10.15 Med: 24.45 Max: 39.41
Current: 12.14
During the past 13 years, Bharat Rasayan's highest ROE % was 39.41%. The lowest was 10.15%. And the median was 24.45%.
NSE:BHARATRAS's ROE % is ranked better than 66.53% of 251
companies
in the Agriculture industry
Industry Median: 6.77
vs NSE:BHARATRAS: 12.14
Bharat Rasayan (NSE:BHARATRAS) 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.
Bharat Rasayan ROE % Related Terms
Bharat Rasayan ROE % Historical Data
* Premium members only.
The historical data trend for Bharat Rasayan'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 Agricultural Inputs subindustry, Bharat Rasayan'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.
Bharat Rasayan ROE % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Bharat Rasayan's ROE % distribution charts can be found below:
* The bar in red indicates where Bharat Rasayan'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.
Bharat Rasayan (NSE:BHARATRAS) has a ROE % of 11.97% 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 Bharat Rasayan and its competitors. This is 51% below median its historical median of 24.45. Over the past decade, Bharat Rasayan's ROE % has ranged from 10.15 to 39.41. According to the industry distribution chart, Bharat Rasayan ranks #84 out of 251 companies in the Agriculture industry, placing it in the top 33.5%.
Is Bharat Rasayan's ROE % too high?
Bharat Rasayan's current ROE % of 11.97% is 51% below median its 10-year median of 24.45. Over the past 10 years, this metric has ranged from a low of 10.15 to a high of 39.41. The Agriculture industry median ROE % is 6.77. Bharat Rasayan's value of 11.97% is 76.8% above this industry median. Based on the distribution chart, Bharat Rasayan ranks #84 out of 251 companies in the Agriculture industry, which is above the industry midpoint. Overall, Bharat Rasayan has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Rasayan's ROE % compare to CTVA and CF?
According to the Agriculture industry distribution chart, Bharat Rasayan ranks #84 out of 251 companies for ROE %. This puts Bharat Rasayan in the upper half of its industry. The industry median ROE % is 6.77. Bharat Rasayan's value of 11.97% is 76.8% above this benchmark. Historically, Bharat Rasayan's own ROE % has ranged from 10.15 to 39.41 over the past decade. While the company's 10-year median is 24.45 vs. the industry median of 6.77, Bharat Rasayan 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 Agriculture company?
The median ROE % among Agriculture companies is 6.77, based on 251 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. Bharat Rasayan's current ROE % of 11.97% is 76.8% 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 Bharat Rasayan and its competitors. For the Agriculture industry, the median ROE % is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Rasayan's current ROE % is 11.97%, which is 51% below median its own 10-year median of 24.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Rasayan stock overvalued right now?
Based on GuruFocus' analysis, Bharat Rasayan (NSE:BHARATRAS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,613.29, compared to a current price of ₹1,341.80 — trading 48.7% below its estimated fair value. The current ROE % is 11.97%, which is 51% below median its 10-year median of 24.45 and 76.8% above the Agriculture industry median of 6.77. Bharat Rasayan's overall GF Score™ is 65/100 with 1 warning sign 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 Bharat Rasayan (NSE:BHARATRAS), the current ROE % is 11.97% 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 Bharat Rasayan (NSE:BHARATRAS) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Rasayan stock appears to be undervalued.
The current stock price of ₹1,341.80 is trading 48.7% below its estimated GF Value™ of ₹2,613.29.
GuruFocus considers Bharat Rasayan to be Significantly Undervalued.
Key valuation signals for NSE:BHARATRAS:
ROE %: 11.97% (51% below median its 10-year median of 24.45)
GF Value™: ₹2,613.29 vs. price of ₹1,341.80 (48.7% below fair value)
Industry Position: 76.8% above the Agriculture median (#84 of 251)
No single metric tells the full story. See the NSE:BHARATRAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Rasayan Ltd is engaged in the business of agrochemicals. The company is the manufacturer and exporter of pesticides, technical formulation, and intermediaries. The Company operates only in one business segment which is pesticides. Its product categories include Insecticides; Herbicides; Fungicides and Plant Growth Regulator.
65GF Score
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