Hvax Technologies (NSE:HVAX) ROE %: 21.45% (As of Mar. 2025) — 40% Below Median

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NSE:HVAX Hvax Technologies Ltd NSE:HVAX
18 GF Score
Price ₹625.00
! 3 Warning Signs
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What is Hvax Technologies ROE %?

Hvax Technologies NSE:HVAX 18 ROE % is 21.45% as of Mar. 2025, which is 40% below its 10-year median of 35.63. GuruFocus rates NSE:HVAX with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 157 Industrial Distribution companies, Hvax Technologies ranks better than 88.54% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hvax Technologies's annualized net income for the quarter that ended in Mar. 2025 was ₹110 Mil. Hvax Technologies's average Total Stockholders Equity over the quarter that ended in Mar. 2025 was ₹515 Mil. Therefore, Hvax Technologies's annualized ROE % for the quarter that ended in Mar. 2025 was 21.45%.

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

NSE:HVAX' s ROE % Range Over the Past 10 Years
Min: 21.45   Med: 35.63   Max: 47.56
Current: 21.45

During the past 5 years, Hvax Technologies's highest ROE % was 47.56%. The lowest was 21.45%. And the median was 35.63%.

NSE:HVAX's ROE % is ranked better than
88.54% of 157 companies
in the Industrial Distribution industry
Industry Median: 7.26 vs NSE:HVAX: 21.45

Hvax Technologies  (NSE:HVAX) 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. 2025 )
=Net Income/Total Stockholders Equity
=110.441/514.9705
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(110.441 / 1295.714)*(1295.714 / 926.12)*(926.12 / 514.9705)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.52 %*1.3991*1.7984
=ROA %*Equity Multiplier
=11.92 %*1.7984
=21.45 %

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. 2025 )
=Net Income/Total Stockholders Equity
=110.441/514.9705
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (110.441 / 149.601) * (149.601 / 175.198) * (175.198 / 1295.714) * (1295.714 / 926.12) * (926.12 / 514.9705)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7382 * 0.8539 * 13.52 % * 1.3991 * 1.7984
=21.45 %

Note: The net income data used here is one times the annual (Mar. 2025) net income data. The Revenue data used here is one times the annual (Mar. 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.


Hvax Technologies ROE % Related Terms


Hvax Technologies ROE % Historical Data

* Premium members only.

The historical data trend for Hvax Technologies'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.

Hvax Technologies ROE % Chart

Hvax Technologies Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
ROE %
47.56 42.18 35.63 35.35 21.45

Hvax Technologies Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
ROE % 47.56 42.18 35.63 35.35 21.45

NSE:HVAX vs GWW, FAST, FERG: ROE % Comparison

For the Industrial Distribution subindustry, Hvax Technologies'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.


Hvax Technologies ROE % vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Hvax Technologies's ROE % distribution charts can be found below:

* The bar in red indicates where Hvax Technologies's ROE % falls into.


NSE:HVAX
18GF Score
Hvax Technologies Ltd NSE:HVAX
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hvax Technologies ROE % Calculation

Hvax Technologies's annualized ROE % for the fiscal year that ended in Mar. 2025 is calculated as

ROE %=Net Income (A: Mar. 2025 )/( (Total Stockholders Equity (A: Mar. 2024 )+Total Stockholders Equity (A: Mar. 2025 ))/ count )
=110.441/( (309.785+720.156)/ 2 )
=110.441/514.9705
=21.45 %

Hvax Technologies's annualized ROE % for the quarter that ended in Mar. 2025 is calculated as

ROE %=Net Income (Q: Mar. 2025 )/( (Total Stockholders Equity (Q: Mar. 2024 )+Total Stockholders Equity (Q: Mar. 2025 ))/ count )
=110.441/( (309.785+720.156)/ 2 )
=110.441/514.9705
=21.45 %

* 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 one times the annual (Mar. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 21.45% mean?
Hvax Technologies (NSE:HVAX) has a ROE % of 21.45% as of Mar. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Hvax Technologies and its competitors. This is 40% below median its historical median of 35.63. Over the past decade, Hvax Technologies' ROE % has ranged from 21.45 to 47.56. According to the industry distribution chart, Hvax Technologies ranks #18 out of 157 companies in the Industrial Distribution industry, placing it in the top 11.5%.
Is Hvax Technologies' ROE % too high?
Hvax Technologies' current ROE % of 21.45% is 40% below median its 10-year median of 35.63. Over the past 10 years, this metric has ranged from a low of 21.45 to a high of 47.56. The Industrial Distribution industry median ROE % is 7.26. Hvax Technologies' value of 21.45% is 195.5% above this industry median. Based on the distribution chart, Hvax Technologies ranks #18 out of 157 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Hvax Technologies has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Hvax Technologies' ROE % compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Hvax Technologies ranks #18 out of 157 companies for ROE %. This places Hvax Technologies in the top 12% of its industry — outperforming the majority of peers. The industry median ROE % is 7.26. Hvax Technologies' value of 21.45% is 195.5% above this benchmark. Historically, Hvax Technologies' own ROE % has ranged from 21.45 to 47.56 over the past decade. While the company's 10-year median is 35.63 vs. the industry median of 7.26, Hvax Technologies 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 Industrial Distribution company?
The median ROE % among Industrial Distribution companies is 7.26, based on 157 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. Hvax Technologies's current ROE % of 21.45% is 195.5% 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 Hvax Technologies and its competitors. For the Industrial Distribution industry, the median ROE % is 7.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hvax Technologies's current ROE % is 21.45%, which is 40% below median its own 10-year median of 35.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hvax Technologies stock overvalued right now?
Hvax Technologies (NSE:HVAX) has a current ROE % of 21.45%. The current ROE % is 21.45%, which is 40% below median its 10-year median of 35.63 and 195.5% above the Industrial Distribution industry median of 7.26. Hvax Technologies' overall GF Score™ is 18/100 with 3 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 Hvax Technologies (NSE:HVAX), the current ROE % is 21.45% as of Mar. 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.

Hvax Technologies Business Description

Address I-Think Techno Campus, 601, 6th Floor, Lodha Supremus, Nehru Nagar, Kanjurmarg (East), Mumbai, MH, IND, 400042
Hvax Technologies Ltd is engaged in the business of turnkey projects on engineering, procurement, and execution of controlled environment infrastructure and cleanrooms; design, engineering, and consultancy services for pharma and healthcare companies. As a part of turnkey projects, the company supplies the following third-party manufactured products: Cleanroom wall panels, Cleanroom ceiling panels, Covings, riser panels, cleanroom doors, flooring systems, pass boxes, air showers, LT/HT electrical panels, pre-fabricated galvanized iron (GI) ducts, air handling units, chillers, Building Management Systems (BMS) Equipment, and Utility generation and distribution equipment.
18GF Score

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