Manilam Industries IndiaNSE:MANILAM -3.09%10 ROE % is 16.69% as of Sep. 2025, which is 32% above its 10-year median of 12.65. GuruFocus rates NSE:MANILAM with a GF Score™ of 10/100. The stock has 6 warning signs investors should review. Among 403 Building Materials companies, Manilam Industries India ranks better than 66.5% on this metric.
The historical rank and industry rank for Manilam Industries India's ROE % or its related term are showing as below:
NSE:MANILAM'
s ROE % Range Over the Past 10 Years
Min: 6.85 Med: 12.65 Max: 24.8
Current: 8.35
During the past 3 years, Manilam Industries India's highest ROE % was 24.80%. The lowest was 6.85%. And the median was 12.65%.
NSE:MANILAM's ROE % is ranked better than 66.5% of 403
companies
in the Building Materials industry
Industry Median: 4.32
vs NSE:MANILAM: 8.35
Manilam Industries India (NSE:MANILAM) 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 (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.
* 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.
Manilam Industries India ROE % Chart
Manilam Industries India Annual Data
Trend
Mar23
Mar24
Mar25
ROE %
6.85
12.65
24.80
Manilam Industries India Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
ROE %
0.00
0.00
0.00
16.69
NSE:MANILAM vs CRH, VMC, MLM: ROE % Comparison
For the Building Materials subindustry, Manilam Industries India'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.
Manilam Industries India ROE % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Manilam Industries India's ROE % distribution charts can be found below:
* The bar in red indicates where Manilam Industries India'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 (Sep. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Manilam Industries India (NSE:MANILAM) has a ROE % of 16.69% as of Sep. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Manilam Industries India and its competitors. This is 32% above median its historical median of 12.65. Over the past decade, Manilam Industries India's ROE % has ranged from 6.85 to 24.80. According to the industry distribution chart, Manilam Industries India ranks #135 out of 403 companies in the Building Materials industry, placing it in the top 33.5%.
Is Manilam Industries India's ROE % too high?
Manilam Industries India's current ROE % of 16.69% is 32% above median its 10-year median of 12.65. Over the past 10 years, this metric has ranged from a low of 6.85 to a high of 24.80. The Building Materials industry median ROE % is 4.32. Manilam Industries India's value of 16.69% is 286.3% above this industry median. Based on the distribution chart, Manilam Industries India ranks #135 out of 403 companies in the Building Materials industry, which is above the industry midpoint. Overall, Manilam Industries India has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Manilam Industries India's ROE % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Manilam Industries India ranks #135 out of 403 companies for ROE %. This puts Manilam Industries India in the upper half of its industry. The industry median ROE % is 4.32. Manilam Industries India's value of 16.69% is 286.3% above this benchmark. Historically, Manilam Industries India's own ROE % has ranged from 6.85 to 24.80 over the past decade. While the company's 10-year median is 12.65 vs. the industry median of 4.32, Manilam Industries India 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 Building Materials company?
The median ROE % among Building Materials companies is 4.32, based on 403 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. Manilam Industries India's current ROE % of 16.69% is 286.3% 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 Manilam Industries India and its competitors. For the Building Materials industry, the median ROE % is 4.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manilam Industries India's current ROE % is 16.69%, which is 32% above median its own 10-year median of 12.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manilam Industries India stock overvalued right now?
Manilam Industries India (NSE:MANILAM) has a current ROE % of 16.69%. The current ROE % is 16.69%, which is 32% above median its 10-year median of 12.65 and 286.3% above the Building Materials industry median of 4.32. Manilam Industries India's overall GF Score™ is 10/100 with 6 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 Manilam Industries India (NSE:MANILAM), the current ROE % is 16.69% as of Sep. 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.
Manilam Industries India Ltd is engaged in the manufacturing and sale of decorative laminates. Its product portfolio includes the Artistica Collection, the Vogue Collection, the Dwar Collection and the Magnificent Collection. Additionally, the company is involved in the trading of plywood serving the industrial and commercial sectors. It operates under the brand name "Manilam". The majority of the company's revenue is derived from the sale of laminates across India. The reportable segments: Within India, and Outside India, of which it derives maximum revenue from India.
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