ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Maithan Alloys's annualized net income for the quarter that ended in Mar. 2026 was ₹-2,818 Mil. Maithan Alloys's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹41,460 Mil. Therefore, Maithan Alloys's annualized ROE % for the quarter that ended in Mar. 2026 was -6.80%.
The historical rank and industry rank for Maithan Alloys's ROE % or its related term are showing as below:
NSE:MAITHANALL'
s ROE % Range Over the Past 10 Years
Min: 10.83 Med: 18.97 Max: 42.56
Current: 10.83
During the past 13 years, Maithan Alloys's highest ROE % was 42.56%. The lowest was 10.83%. And the median was 18.97%.
NSE:MAITHANALL's ROE % is ranked better than 79.29% of 618
companies
in the Steel industry
Industry Median: 3.69
vs NSE:MAITHANALL: 10.83
Maithan Alloys (NSE:MAITHANALL) 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.
Maithan Alloys ROE % Related Terms
Maithan Alloys ROE % Historical Data
* Premium members only.
The historical data trend for Maithan Alloys'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, Maithan Alloys'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.
Maithan Alloys ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Maithan Alloys's ROE % distribution charts can be found below:
* The bar in red indicates where Maithan Alloys'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.
Maithan Alloys (NSE:MAITHANALL) has a ROE % of -6.80% 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 Maithan Alloys and its competitors. Over the past decade, Maithan Alloys' ROE % has ranged from 10.83 to 42.56. According to the industry distribution chart, Maithan Alloys ranks #128 out of 618 companies in the Steel industry, placing it in the top 20.7%.
Is Maithan Alloys' ROE % too high?
Maithan Alloys' current ROE % is -6.80%. Over the past 10 years, this metric has ranged from a low of 10.83 to a high of 42.56. Based on the distribution chart, Maithan Alloys ranks #128 out of 618 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Maithan Alloys has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maithan Alloys' ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Maithan Alloys ranks #128 out of 618 companies for ROE %. This places Maithan Alloys in the top 21% of its industry — outperforming the majority of peers. The industry median ROE % is 3.69. Historically, Maithan Alloys' own ROE % has ranged from 10.83 to 42.56 over the past decade. 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 3.69, based on 618 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. 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 Maithan Alloys and its competitors. For the Steel industry, the median ROE % is 3.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maithan Alloys's current ROE % is -6.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maithan Alloys stock overvalued right now?
Based on GuruFocus' analysis, Maithan Alloys (NSE:MAITHANALL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,156.55, compared to a current price of ₹1,013.20 — trading 12.4% below its estimated fair value. The current ROE % is -6.80%. Maithan Alloys' overall GF Score™ is 81/100 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 Maithan Alloys (NSE:MAITHANALL), the current ROE % is -6.80% 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 Maithan Alloys (NSE:MAITHANALL) Overvalued in 2026?
Based on GuruFocus' analysis, Maithan Alloys stock appears to be undervalued.
The current stock price of ₹1,013.20 is trading 12.4% below its estimated GF Value™ of ₹1,156.55.
GuruFocus considers Maithan Alloys to be Modestly Undervalued.
Key valuation signals for NSE:MAITHANALL:
ROE %: -6.80%
GF Value™: ₹1,156.55 vs. price of ₹1,013.20 (12.4% below fair value)
No single metric tells the full story. See the NSE:MAITHANALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maithan Alloys Ltd is an India-based company engaged in the business of manufacturing and exporting all three bulk Ferroalloys- Ferro Manganese, Silico Manganese, and Ferro Silicon. It is also involved in the generation and supply of Wind Power and has a Captive Power Plant. Geographically the group has a business presence in India and Outside India, of which key revenue is derived from Outside India.
81GF Score
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