JTL IndustriesNSE:JTLIND -1.16%92 ROE % is 9.26% as of Mar. 2026, which is 58% below its 10-year median of 22.26. GuruFocus rates NSE:JTLIND with a GF Score™ of 92/100 and a GF Value™ of ₹115.86 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 620 Steel companies, JTL Industries ranks better than 68.06% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. JTL Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹1,377 Mil. JTL Industries's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹14,866 Mil. Therefore, JTL Industries's annualized ROE % for the quarter that ended in Mar. 2026 was 9.26%.
The historical rank and industry rank for JTL Industries's ROE % or its related term are showing as below:
NSE:JTLIND'
s ROE % Range Over the Past 10 Years
Min: 7.28 Med: 22.26 Max: 42.87
Current: 7.49
During the past 13 years, JTL Industries's highest ROE % was 42.87%. The lowest was 7.28%. And the median was 22.26%.
NSE:JTLIND's ROE % is ranked better than 68.06% of 620
companies
in the Steel industry
Industry Median: 3.68
vs NSE:JTLIND: 7.49
JTL Industries (NSE:JTLIND) 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.
JTL Industries ROE % Related Terms
JTL Industries ROE % Historical Data
* Premium members only.
The historical data trend for JTL Industries'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 Steel subindustry, JTL Industries'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.
JTL Industries ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, JTL Industries's ROE % distribution charts can be found below:
* The bar in red indicates where JTL Industries'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.
JTL Industries (NSE:JTLIND) has a ROE % of 9.26% 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 JTL Industries and its competitors. This is 58% below median its historical median of 22.26. Over the past decade, JTL Industries' ROE % has ranged from 7.28 to 42.87. According to the industry distribution chart, JTL Industries ranks #198 out of 620 companies in the Steel industry, placing it in the top 31.9%.
Is JTL Industries' ROE % too high?
JTL Industries' current ROE % of 9.26% is 58% below median its 10-year median of 22.26. Over the past 10 years, this metric has ranged from a low of 7.28 to a high of 42.87. The Steel industry median ROE % is 3.68. JTL Industries' value of 9.26% is 151.6% above this industry median. Based on the distribution chart, JTL Industries ranks #198 out of 620 companies in the Steel industry, which is above the industry midpoint. Overall, JTL Industries has a GF Score™ of 92/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does JTL Industries' ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, JTL Industries ranks #198 out of 620 companies for ROE %. This puts JTL Industries in the upper half of its industry. The industry median ROE % is 3.68. JTL Industries' value of 9.26% is 151.6% above this benchmark. Historically, JTL Industries' own ROE % has ranged from 7.28 to 42.87 over the past decade. While the company's 10-year median is 22.26 vs. the industry median of 3.68, JTL Industries 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 Steel company?
The median ROE % among Steel companies is 3.68, based on 620 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. JTL Industries's current ROE % of 9.26% is 151.6% 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 JTL Industries and its competitors. For the Steel industry, the median ROE % is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JTL Industries's current ROE % is 9.26%, which is 58% below median its own 10-year median of 22.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JTL Industries stock overvalued right now?
Based on GuruFocus' analysis, JTL Industries (NSE:JTLIND) is currently considered Possible Value Trap. The stock's GF Value™ is ₹115.86, compared to a current price of ₹77.42 — trading 33.2% below its estimated fair value. The current ROE % is 9.26%, which is 58% below median its 10-year median of 22.26 and 151.6% above the Steel industry median of 3.68. JTL Industries' overall GF Score™ is 92/100 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 JTL Industries (NSE:JTLIND), the current ROE % is 9.26% 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 JTL Industries (NSE:JTLIND) Overvalued in 2026?
Based on GuruFocus' analysis, JTL Industries stock appears to be undervalued.
The current stock price of ₹77.42 is trading 33.2% below its estimated GF Value™ of ₹115.86.
GuruFocus considers JTL Industries to be Possible Value Trap.
Key valuation signals for NSE:JTLIND:
ROE %: 9.26% (58% below median its 10-year median of 22.26)
GF Value™: ₹115.86 vs. price of ₹77.42 (33.2% below fair value)
Industry Position: 151.6% above the Steel median (#198 of 620)
No single metric tells the full story. See the NSE:JTLIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JTL Industries Ltd operates in the metal industry. The company manufactures and is involved in galvanized ERW Steel Pipes and Tubes, hollow sections, and structural steel extensively used in engineering and construction projects. The Company's business operations predominantly relate to the manufacture of a single product, i.e., ERW pipes for selling world wide. The company has a pan-India presence and is globally present in serving continents. It derives maximum revenue from India.
92GF Score
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