JSW HoldingsNSE:JSWHL -0.47%78 ROE % is 0.16% as of Mar. 2026, which is 84% below its 10-year median of 0.97. GuruFocus rates NSE:JSWHL with a GF Score™ of 78/100 and a GF Value™ of ₹10,032.76 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 557 Conglomerates companies, JSW Holdings ranks worse than 74.51% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. JSW Holdings's annualized net income for the quarter that ended in Mar. 2026 was ₹542 Mil. JSW Holdings's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹330,115 Mil. Therefore, JSW Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was 0.16%.
The historical rank and industry rank for JSW Holdings's ROE % or its related term are showing as below:
NSE:JSWHL'
s ROE % Range Over the Past 10 Years
Min: 0.45 Med: 0.97 Max: 1.68
Current: 0.45
During the past 13 years, JSW Holdings's highest ROE % was 1.68%. The lowest was 0.45%. And the median was 0.97%.
NSE:JSWHL's ROE % is ranked worse than 74.51% of 557
companies
in the Conglomerates industry
Industry Median: 5.99
vs NSE:JSWHL: 0.45
JSW Holdings (NSE:JSWHL) 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:
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.
JSW Holdings ROE % Related Terms
JSW Holdings ROE % Historical Data
* Premium members only.
The historical data trend for JSW Holdings'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.
For the Conglomerates subindustry, JSW Holdings'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.
JSW Holdings ROE % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, JSW Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where JSW Holdings'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.
JSW Holdings (NSE:JSWHL) has a ROE % of 0.16% 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 JSW Holdings and its competitors. This is 84% below median its historical median of 0.97. Over the past decade, JSW Holdings' ROE % has ranged from 0.45 to 1.68. According to the industry distribution chart, JSW Holdings ranks #415 out of 557 companies in the Conglomerates industry, placing it in the top 74.5%.
Is JSW Holdings' ROE % too high?
JSW Holdings' current ROE % of 0.16% is 84% below median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.68. The Conglomerates industry median ROE % is 5.99. JSW Holdings' value of 0.16% is 97.3% below this industry median. Based on the distribution chart, JSW Holdings ranks #415 out of 557 companies in the Conglomerates industry, which is below the industry midpoint. Overall, JSW Holdings has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JSW Holdings' ROE % compare to HON and MMM?
According to the Conglomerates industry distribution chart, JSW Holdings ranks #415 out of 557 companies for ROE %. This places JSW Holdings in the lower half of its industry. The industry median ROE % is 5.99. JSW Holdings' value of 0.16% is 97.3% below this benchmark. Historically, JSW Holdings' own ROE % has ranged from 0.45 to 1.68 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 5.99, JSW Holdings has consistently been below 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 Conglomerates company?
The median ROE % among Conglomerates companies is 5.99, based on 557 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. JSW Holdings's current ROE % of 0.16% is 97.3% below 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 JSW Holdings and its competitors. For the Conglomerates industry, the median ROE % is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Holdings's current ROE % is 0.16%, which is 84% below median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Holdings stock overvalued right now?
Based on GuruFocus' analysis, JSW Holdings (NSE:JSWHL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹10,032.76, compared to a current price of ₹12,150.00 — trading 21.1% above its estimated fair value. The current ROE % is 0.16%, which is 84% below median its 10-year median of 0.97 and 97.3% below the Conglomerates industry median of 5.99. JSW Holdings' overall GF Score™ is 78/100 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 JSW Holdings (NSE:JSWHL), the current ROE % is 0.16% 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 JSW Holdings (NSE:JSWHL) Overvalued in 2026?
Based on GuruFocus' analysis, JSW Holdings stock appears to be overvalued.
The current stock price of ₹12,150.00 is trading 21.1% above its estimated GF Value™ of ₹10,032.76.
GuruFocus considers JSW Holdings to be Modestly Overvalued.
Key valuation signals for NSE:JSWHL:
ROE %: 0.16% (84% below median its 10-year median of 0.97)
GF Value™: ₹10,032.76 vs. price of ₹12,150.00 (21.1% above fair value)
Industry Position: 97.3% below the Conglomerates median (#415 of 557)
No single metric tells the full story. See the NSE:JSWHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JSW Holdings Ltd is a conglomerate company with businesses in steel, energy, infrastructure, and cement. Its primary business segment is Investing and Financing. It derives revenue from Interest Income, Dividend Income, and Pledge Fees. Product offering under Steel includes Hot Rolled, Cold Rolled, Color Coated Products, Galvanized, Galvalume, Avante Steel Doors, and Light Steel Building solutions. The infrastructure business develops seaports and terminals, shipyards, townships, port-based special economic zone, industrial clusters, and last-mile connectivity projects.
78GF Score
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