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 Chemicals subindustry, Indo Borax & Chemicals'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.
Indo Borax & Chemicals ROE % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Indo Borax & Chemicals's ROE % distribution charts can be found below:
* The bar in red indicates where Indo Borax & Chemicals'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.
Indo Borax & Chemicals (NSE:INDOBORAX) has a ROE % of 15.04% 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 Indo Borax & Chemicals and its competitors. This is near median its historical median of 14.07. Over the past decade, Indo Borax & Chemicals' ROE % has ranged from 8.79 to 22.02. According to the industry distribution chart, Indo Borax & Chemicals ranks #263 out of 1591 companies in the Chemicals industry, placing it in the top 16.5%.
Is Indo Borax & Chemicals' ROE % too high?
Indo Borax & Chemicals' current ROE % of 15.04% is near median its 10-year median of 14.07. Over the past 10 years, this metric has ranged from a low of 8.79 to a high of 22.02. The Chemicals industry median ROE % is 5.19. Indo Borax & Chemicals' value of 15.04% is 189.8% above this industry median. Based on the distribution chart, Indo Borax & Chemicals ranks #263 out of 1591 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indo Borax & Chemicals has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indo Borax & Chemicals' ROE % compare to DOW?
According to the Chemicals industry distribution chart, Indo Borax & Chemicals ranks #263 out of 1591 companies for ROE %. This places Indo Borax & Chemicals in the top 17% of its industry — outperforming the majority of peers. The industry median ROE % is 5.19. Indo Borax & Chemicals' value of 15.04% is 189.8% above this benchmark. Historically, Indo Borax & Chemicals' own ROE % has ranged from 8.79 to 22.02 over the past decade. While the company's 10-year median is 14.07 vs. the industry median of 5.19, Indo Borax & Chemicals 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 5.19, based on 1,591 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. Indo Borax & Chemicals's current ROE % of 15.04% is 189.8% 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 Indo Borax & Chemicals and its competitors. For the Chemicals industry, the median ROE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Borax & Chemicals's current ROE % is 15.04%, which is near median its own 10-year median of 14.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Borax & Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Indo Borax & Chemicals (NSE:INDOBORAX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹218.65, compared to a current price of ₹380.50 — trading 74% above its estimated fair value. The current ROE % is 15.04%, which is near median its 10-year median of 14.07 and 189.8% above the Chemicals industry median of 5.19. Indo Borax & Chemicals' overall GF Score™ is 71/100 with 9 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 Indo Borax & Chemicals (NSE:INDOBORAX), the current ROE % is 15.04% 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 Indo Borax & Chemicals (NSE:INDOBORAX) Overvalued in 2026?
Based on GuruFocus' analysis, Indo Borax & Chemicals stock appears to be overvalued.
The current stock price of ₹380.50 is trading 74% above its estimated GF Value™ of ₹218.65.
GuruFocus considers Indo Borax & Chemicals to be Significantly Overvalued.
Key valuation signals for NSE:INDOBORAX:
ROE %: 15.04% (near median its 10-year median of 14.07)
GF Value™: ₹218.65 vs. price of ₹380.50 (74% above fair value)
Industry Position: 189.8% above the Chemicals median (#263 of 1591)
No single metric tells the full story. See the NSE:INDOBORAX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indo Borax & Chemicals Ltd is engaged in the manufacturing and selling of chemical products. The company's product offerings include Boric acid powder, Boric acid granular, Boric acid, Borax decahydrate granular and Borax decahydrate crystal. The company is operating in a single reportable segment i.e. manufacturing and selling of Chemicals. Its products Boric acid powder has applications in metallurgical operation, electroplating industry, nylon dyeing, nylon manufacturing and agricultural use. It derives revenues from the sale of manufactured goods, traded goods and related services.
71GF Score
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