Mangalam AlloysNSE:MAL +0.89%38 ROE % is 17.83% as of Mar. 2025, which is 49% above its 10-year median of 11.98. GuruFocus rates NSE:MAL with a GF Score™ of 38/100. The stock has 7 warning signs investors should review. Among 622 Steel companies, Mangalam Alloys ranks better than 75.88% on this metric.
The historical rank and industry rank for Mangalam Alloys's ROE % or its related term are showing as below:
NSE:MAL'
s ROE % Range Over the Past 10 Years
Min: 9.77 Med: 11.98 Max: 20.91
Current: 9.8
During the past 6 years, Mangalam Alloys's highest ROE % was 20.91%. The lowest was 9.77%. And the median was 11.98%.
NSE:MAL's ROE % is ranked better than 75.88% of 622
companies
in the Steel industry
Industry Median: 3.69
vs NSE:MAL: 9.80
Mangalam Alloys (NSE:MAL) 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 two times the semi-annual (Mar. 2025) net income data. The Revenue data used here is two times the semi-annual (Mar. 2025) 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.
Mangalam Alloys ROE % Related Terms
Mangalam Alloys ROE % Historical Data
* Premium members only.
The historical data trend for Mangalam 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, Mangalam 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.
Mangalam Alloys ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Mangalam Alloys's ROE % distribution charts can be found below:
* The bar in red indicates where Mangalam 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 two times the semi-annual (Mar. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Mangalam Alloys (NSE:MAL) has a ROE % of 17.83% as of Mar. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Mangalam Alloys and its competitors. This is 49% above median its historical median of 11.98. Over the past decade, Mangalam Alloys' ROE % has ranged from 9.77 to 20.91. According to the industry distribution chart, Mangalam Alloys ranks #150 out of 622 companies in the Steel industry, placing it in the top 24.1%.
Is Mangalam Alloys' ROE % too high?
Mangalam Alloys' current ROE % of 17.83% is 49% above median its 10-year median of 11.98. Over the past 10 years, this metric has ranged from a low of 9.77 to a high of 20.91. The Steel industry median ROE % is 3.69. Mangalam Alloys' value of 17.83% is 383.2% above this industry median. Based on the distribution chart, Mangalam Alloys ranks #150 out of 622 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mangalam Alloys has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Mangalam Alloys' ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Mangalam Alloys ranks #150 out of 622 companies for ROE %. This places Mangalam Alloys in the top 24% of its industry — outperforming the majority of peers. The industry median ROE % is 3.69. Mangalam Alloys' value of 17.83% is 383.2% above this benchmark. Historically, Mangalam Alloys' own ROE % has ranged from 9.77 to 20.91 over the past decade. While the company's 10-year median is 11.98 vs. the industry median of 3.69, Mangalam Alloys 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 3.69, based on 622 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. Mangalam Alloys's current ROE % of 17.83% is 383.2% 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 Mangalam 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. Mangalam Alloys's current ROE % is 17.83%, which is 49% above median its own 10-year median of 11.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangalam Alloys stock overvalued right now?
Mangalam Alloys (NSE:MAL) has a current ROE % of 17.83%. The current ROE % is 17.83%, which is 49% above median its 10-year median of 11.98 and 383.2% above the Steel industry median of 3.69. Mangalam Alloys' overall GF Score™ is 38/100 with 7 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 Mangalam Alloys (NSE:MAL), the current ROE % is 17.83% as of Mar. 2025. 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.
Mangalam Alloys Ltd is engaged in the manufacturing and distribution of high-quality stainless steel products. It is a stainless steel melting unit. Its products include forging ingots, billets, black round bars, bright round bars, hexagonal and square bars, SS RCS, angle bars, fasteners, and others. It operates in one segment, stainless steel products.
38GF Score
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