Integrated Personnel Services (NSE:IPSL) ROE %: 19.01% (As of Mar. 2026) — Near Median


NSE:IPSL Integrated Personnel Services Ltd NSE:IPSL
73 GF Score
Price ₹259.95
GF Value ₹308.50
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Integrated Personnel Services ROE %?

Integrated Personnel Services NSE:IPSL 73 ROE % is 19.01% as of Mar. 2026, which is 7% above its 10-year median of 17.75. GuruFocus rates NSE:IPSL with a GF Score™ of 73/100 and a GF Value™ of ₹308.50 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,058 Business Services companies, Integrated Personnel Services ranks better than 77.79% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Integrated Personnel Services's annualized net income for the quarter that ended in Mar. 2026 was ₹122 Mil. Integrated Personnel Services's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹641 Mil. Therefore, Integrated Personnel Services's annualized ROE % for the quarter that ended in Mar. 2026 was 19.01%.

The historical rank and industry rank for Integrated Personnel Services's ROE % or its related term are showing as below:

NSE:IPSL' s ROE % Range Over the Past 10 Years
Min: 14.55   Med: 17.75   Max: 27.63
Current: 17.81

During the past 7 years, Integrated Personnel Services's highest ROE % was 27.63%. The lowest was 14.55%. And the median was 17.75%.

NSE:IPSL's ROE % is ranked better than
77.79% of 1058 companies
in the Business Services industry
Industry Median: 8.095 vs NSE:IPSL: 17.81

Integrated Personnel Services  (NSE:IPSL) 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
=121.866/640.966
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(121.866 / 4407.336)*(4407.336 / 1365.65)*(1365.65 / 640.966)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.77 %*3.2273*2.1306
=ROA %*Equity Multiplier
=8.94 %*2.1306
=19.01 %

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
=121.866/640.966
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (121.866 / 138.926) * (138.926 / 179.078) * (179.078 / 4407.336) * (4407.336 / 1365.65) * (1365.65 / 640.966)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8772 * 0.7758 * 4.06 % * 3.2273 * 2.1306
=19.01 %

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.


Integrated Personnel Services ROE % Related Terms


Integrated Personnel Services ROE % Historical Data

* Premium members only.

The historical data trend for Integrated Personnel Services'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.

Integrated Personnel Services ROE % Chart

Integrated Personnel Services Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial 23.78 18.27 14.67 14.55 17.75

Integrated Personnel Services Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 15.00 14.09 16.34 16.57 19.01

NSE:IPSL vs KFY, RHI, TNET: ROE % Comparison

For the Staffing & Employment Services subindustry, Integrated Personnel Services'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.


Integrated Personnel Services ROE % vs Business Services Industry

For the Business Services industry and Industrials sector, Integrated Personnel Services's ROE % distribution charts can be found below:

* The bar in red indicates where Integrated Personnel Services's ROE % falls into.


NSE:IPSL
73GF Score
Integrated Personnel Services Ltd NSE:IPSL
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Integrated Personnel Services ROE % Calculation

Integrated Personnel Services'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 )
=109.602/( (563.854+671.085)/ 2 )
=109.602/617.4695
=17.75 %

Integrated Personnel Services'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 )
=121.866/( (610.847+671.085)/ 2 )
=121.866/640.966
=19.01 %

* 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 19.01% mean?
Integrated Personnel Services (NSE:IPSL) has a ROE % of 19.01% 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 Integrated Personnel Services and its competitors. This is near median its historical median of 17.75. Over the past decade, Integrated Personnel Services' ROE % has ranged from 14.55 to 27.63. According to the industry distribution chart, Integrated Personnel Services ranks #235 out of 1058 companies in the Business Services industry, placing it in the top 22.2%.
Is Integrated Personnel Services' ROE % too high?
Integrated Personnel Services' current ROE % of 19.01% is near median its 10-year median of 17.75. Over the past 10 years, this metric has ranged from a low of 14.55 to a high of 27.63. The Business Services industry median ROE % is 8.10. Integrated Personnel Services' value of 19.01% is 134.8% above this industry median. Based on the distribution chart, Integrated Personnel Services ranks #235 out of 1058 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Integrated Personnel Services has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Integrated Personnel Services' ROE % compare to KFY and RHI?
According to the Business Services industry distribution chart, Integrated Personnel Services ranks #235 out of 1058 companies for ROE %. This places Integrated Personnel Services in the top 22% of its industry — outperforming the majority of peers. The industry median ROE % is 8.10. Integrated Personnel Services' value of 19.01% is 134.8% above this benchmark. Historically, Integrated Personnel Services' own ROE % has ranged from 14.55 to 27.63 over the past decade. While the company's 10-year median is 17.75 vs. the industry median of 8.10, Integrated Personnel Services 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 Business Services company?
The median ROE % among Business Services companies is 8.10, based on 1,058 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. Integrated Personnel Services's current ROE % of 19.01% is 134.8% 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 Integrated Personnel Services and its competitors. For the Business Services industry, the median ROE % is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Integrated Personnel Services's current ROE % is 19.01%, which is near median its own 10-year median of 17.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integrated Personnel Services stock overvalued right now?
Based on GuruFocus' analysis, Integrated Personnel Services (NSE:IPSL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹308.50, compared to a current price of ₹259.95 — trading 15.7% below its estimated fair value. The current ROE % is 19.01%, which is near median its 10-year median of 17.75 and 134.8% above the Business Services industry median of 8.10. Integrated Personnel Services' overall GF Score™ is 73/100 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 Integrated Personnel Services (NSE:IPSL), the current ROE % is 19.01% 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 Integrated Personnel Services (NSE:IPSL) Overvalued in 2026?

Based on GuruFocus' analysis, Integrated Personnel Services stock appears to be undervalued. The current stock price of ₹259.95 is trading 15.7% below its estimated GF Value™ of ₹308.50. GuruFocus considers Integrated Personnel Services to be Modestly Undervalued.

Key valuation signals for NSE:IPSL:

  • ROE %: 19.01% (near median its 10-year median of 17.75)
  • GF Value™: ₹308.50 vs. price of ₹259.95 (15.7% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 134.8% above the Business Services median (#235 of 1058)

No single metric tells the full story. See the NSE:IPSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Integrated Personnel Services Business Description

Address 14, Whispering Palm, Shopping Center, Lokhandwala Complex, Kandivali (East), Mumbai, MH, IND, 400101
Integrated Personnel Services Ltd is an end to end human resource management company providing customized solutions to various corporates in India. The companies services includes temporary staffing solutions (flexi-staffing), permanent recruitment (executive search) services, specialized staff recruitment, outsourced recruitment processes and payroll management.
73GF Score

Get the complete analysis for NSE:IPSL

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

₹259.95
Price
₹308.50
GF Value