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.
* 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, HariOm Pipe Industries'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.
HariOm Pipe Industries ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, HariOm Pipe Industries's ROE % distribution charts can be found below:
* The bar in red indicates where HariOm Pipe Industries'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.
HariOm Pipe Industries (NSE:HARIOMPIPE) has a ROE % of 18.62% 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 HariOm Pipe Industries and its competitors. This is near median its historical median of 19.08. Over the past decade, HariOm Pipe Industries' ROE % has ranged from 11.91 to 37.20. According to the industry distribution chart, HariOm Pipe Industries ranks #101 out of 618 companies in the Steel industry, placing it in the top 16.3%.
Is HariOm Pipe Industries' ROE % too high?
HariOm Pipe Industries' current ROE % of 18.62% is near median its 10-year median of 19.08. Over the past 10 years, this metric has ranged from a low of 11.91 to a high of 37.20. The Steel industry median ROE % is 3.69. HariOm Pipe Industries' value of 18.62% is 404.6% above this industry median. Based on the distribution chart, HariOm Pipe Industries ranks #101 out of 618 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, HariOm Pipe Industries has a GF Score™ of 88/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HariOm Pipe Industries' ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, HariOm Pipe Industries ranks #101 out of 618 companies for ROE %. This places HariOm Pipe Industries in the top 16% of its industry — outperforming the majority of peers. The industry median ROE % is 3.69. HariOm Pipe Industries' value of 18.62% is 404.6% above this benchmark. Historically, HariOm Pipe Industries' own ROE % has ranged from 11.91 to 37.20 over the past decade. While the company's 10-year median is 19.08 vs. the industry median of 3.69, HariOm Pipe Industries 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 3.69, based on 618 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. HariOm Pipe Industries's current ROE % of 18.62% is 404.6% 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 HariOm Pipe Industries and its competitors. For the Steel industry, the median ROE % is 3.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HariOm Pipe Industries's current ROE % is 18.62%, which is near median its own 10-year median of 19.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HariOm Pipe Industries stock overvalued right now?
Based on GuruFocus' analysis, HariOm Pipe Industries (NSE:HARIOMPIPE) is currently considered Possible Value Trap. The stock's GF Value™ is ₹796.61, compared to a current price of ₹399.85 — trading 49.8% below its estimated fair value. The current ROE % is 18.62%, which is near median its 10-year median of 19.08 and 404.6% above the Steel industry median of 3.69. HariOm Pipe Industries' overall GF Score™ is 88/100 with 5 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 HariOm Pipe Industries (NSE:HARIOMPIPE), the current ROE % is 18.62% 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 HariOm Pipe Industries (NSE:HARIOMPIPE) Overvalued in 2026?
Based on GuruFocus' analysis, HariOm Pipe Industries stock appears to be undervalued.
The current stock price of ₹399.85 is trading 49.8% below its estimated GF Value™ of ₹796.61.
GuruFocus considers HariOm Pipe Industries to be Possible Value Trap.
Key valuation signals for NSE:HARIOMPIPE:
ROE %: 18.62% (near median its 10-year median of 19.08)
GF Value™: ₹796.61 vs. price of ₹399.85 (49.8% below fair value)
Industry Position: 404.6% above the Steel median (#101 of 618)
No single metric tells the full story. See the NSE:HARIOMPIPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HariOm Pipe Industries Ltd is engaged in business of Manufacturing & selling of Steel Products. The products are used in industries such as housing, infrastructure, agriculture, automotive solar, fabrication, and engineering.
88GF Score
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