Indian Emulsifiers (NSE:IEML) ROE %: 9.92% (As of Mar. 2026) — 48% Below Median


NSE:IEML Indian Emulsifiers Ltd NSE:IEML
17 GF Score
Price ₹43.55
! 6 Warning Signs
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What is Indian Emulsifiers ROE %?

Indian Emulsifiers NSE:IEML -4.50% 17 ROE % is 9.92% as of Mar. 2026, which is 48% below its 10-year median of 19.12. GuruFocus rates NSE:IEML with a GF Score™ of 17/100. The stock has 6 warning signs investors should review. Among 1,585 Chemicals companies, Indian Emulsifiers ranks better than 86.06% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Indian Emulsifiers's annualized net income for the quarter that ended in Mar. 2026 was ₹119 Mil. Indian Emulsifiers's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹1,197 Mil. Therefore, Indian Emulsifiers's annualized ROE % for the quarter that ended in Mar. 2026 was 9.92%.

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

NSE:IEML' s ROE % Range Over the Past 10 Years
Min: -58.73   Med: 19.12   Max: 43.59
Current: 15.12

During the past 6 years, Indian Emulsifiers's highest ROE % was 43.59%. The lowest was -58.73%. And the median was 19.12%.

NSE:IEML's ROE % is ranked better than
86.06% of 1585 companies
in the Chemicals industry
Industry Median: 5.2 vs NSE:IEML: 15.12

Indian Emulsifiers  (NSE:IEML) 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
=118.666/1196.7695
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(118.666 / 1657.772)*(1657.772 / 1895.207)*(1895.207 / 1196.7695)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.16 %*0.8747*1.5836
=ROA %*Equity Multiplier
=6.26 %*1.5836
=9.92 %

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
=118.666/1196.7695
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (118.666 / 149.346) * (149.346 / 183.528) * (183.528 / 1657.772) * (1657.772 / 1895.207) * (1895.207 / 1196.7695)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7946 * 0.8138 * 11.07 % * 0.8747 * 1.5836
=9.92 %

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.


Indian Emulsifiers ROE % Related Terms


Indian Emulsifiers ROE % Historical Data

* Premium members only.

The historical data trend for Indian Emulsifiers'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.

Indian Emulsifiers ROE % Chart

Indian Emulsifiers Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial 1.06 38.57 43.59 24.08 14.15

Indian Emulsifiers Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only 35.18 26.29 15.81 23.56 9.92

NSE:IEML vs LIN, SHW, ECL: ROE % Comparison

For the Specialty Chemicals subindustry, Indian Emulsifiers'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.


Indian Emulsifiers ROE % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indian Emulsifiers's ROE % distribution charts can be found below:

* The bar in red indicates where Indian Emulsifiers's ROE % falls into.


NSE:IEML
17GF Score
Indian Emulsifiers Ltd NSE:IEML
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Indian Emulsifiers ROE % Calculation

Indian Emulsifiers'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 )
=162.027/( (820.346+1470.498)/ 2 )
=162.027/1145.422
=14.15 %

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

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=118.666/( (923.041+1470.498)/ 2 )
=118.666/1196.7695
=9.92 %

* 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 9.92% mean?
Indian Emulsifiers (NSE:IEML) has a ROE % of 9.92% 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 Indian Emulsifiers and its competitors. This is 48% below median its historical median of 19.12. According to the industry distribution chart, Indian Emulsifiers ranks #221 out of 1585 companies in the Chemicals industry, placing it in the top 13.9%.
Is Indian Emulsifiers' ROE % too high?
Indian Emulsifiers' current ROE % of 9.92% is 48% below median its 10-year median of 19.12. The Chemicals industry median ROE % is 5.20. Indian Emulsifiers' value of 9.92% is 90.8% above this industry median. Based on the distribution chart, Indian Emulsifiers ranks #221 out of 1585 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indian Emulsifiers has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Indian Emulsifiers' ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indian Emulsifiers ranks #221 out of 1585 companies for ROE %. This places Indian Emulsifiers in the top 14% of its industry — outperforming the majority of peers. The industry median ROE % is 5.20. Indian Emulsifiers' value of 9.92% is 90.8% above this benchmark. While the company's 10-year median is 19.12 vs. the industry median of 5.20, Indian Emulsifiers 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 Chemicals company?
The median ROE % among Chemicals companies is 5.20, based on 1,585 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. Indian Emulsifiers's current ROE % of 9.92% is 90.8% 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 Indian Emulsifiers and its competitors. For the Chemicals industry, the median ROE % is 5.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Emulsifiers's current ROE % is 9.92%, which is 48% below median its own 10-year median of 19.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Emulsifiers stock overvalued right now?
Indian Emulsifiers (NSE:IEML) has a current ROE % of 9.92%. The current ROE % is 9.92%, which is 48% below median its 10-year median of 19.12 and 90.8% above the Chemicals industry median of 5.20. Indian Emulsifiers' overall GF Score™ is 17/100 with 6 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 Indian Emulsifiers (NSE:IEML), the current ROE % is 9.92% 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.

Indian Emulsifiers Business Description

Address Shivram Seth Amrutwar Road, Off Pandurang Budhwar Marg, Shop 206, Foor-2, Sumer Kendra, Near Doordarshan Kendra, Worli, Mumbai, MH, IND, 400018
Indian Emulsifiers Ltd is engaged in Manufacturing and Supplying of Specialty Chemicals. Its product include Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The company serves specialty chemicals to wide range of industries such as Mining, Textile, Cleaning Industry, Metal Working, Lubricants, Food and Other Industries.
17GF Score

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ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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