Nikita Greentech Recycling (NSE:NIKITA) ROE %: 5.47% (As of Mar. 2026) — 68% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:NIKITA Nikita Greentech Recycling Ltd NSE:NIKITA
11 GF Score
Price ₹76.90
! 6 Warning Signs
View Full Analysis

What is Nikita Greentech Recycling ROE %?

Nikita Greentech Recycling NSE:NIKITA 11 ROE % is 5.47% as of Mar. 2026, which is 68% below its 10-year median of 17.15. GuruFocus rates NSE:NIKITA with a GF Score™ of 11/100. The stock has 6 warning signs investors should review. Among 279 Forest Products companies, Nikita Greentech Recycling ranks better than 69.18% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Nikita Greentech Recycling's annualized net income for the quarter that ended in Mar. 2026 was ₹96 Mil. Nikita Greentech Recycling's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹1,763 Mil. Therefore, Nikita Greentech Recycling's annualized ROE % for the quarter that ended in Mar. 2026 was 5.47%.

The historical rank and industry rank for Nikita Greentech Recycling's ROE % or its related term are showing as below:

NSE:NIKITA' s ROE % Range Over the Past 10 Years
Min: 6.23   Med: 17.15   Max: 29.75
Current: 6.32

During the past 5 years, Nikita Greentech Recycling's highest ROE % was 29.75%. The lowest was 6.23%. And the median was 17.15%.

NSE:NIKITA's ROE % is ranked better than
69.18% of 279 companies
in the Forest Products industry
Industry Median: 2.19 vs NSE:NIKITA: 6.32

Nikita Greentech Recycling  (NSE:NIKITA) 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:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=96.486/1763.199
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(96.486 / 3434.328)*(3434.328 / 4813.733)*(4813.733 / 1763.199)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.81 %*0.7134*2.7301
=ROA %*Equity Multiplier
=2 %*2.7301
=5.47 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=96.486/1763.199
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (96.486 / 135.24) * (135.24 / 146.052) * (146.052 / 3434.328) * (3434.328 / 4813.733) * (4813.733 / 1763.199)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7134 * 0.926 * 4.25 % * 0.7134 * 2.7301
=5.47 %

Note: The net income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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.


Nikita Greentech Recycling ROE % Related Terms


Nikita Greentech Recycling ROE % Historical Data

* Premium members only.

The historical data trend for Nikita Greentech Recycling'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.

Nikita Greentech Recycling ROE % Chart

Nikita Greentech Recycling Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
15.08 17.15 25.12 29.75 6.23

Nikita Greentech Recycling Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
ROE % Get a 7-Day Free Trial 0.00 26.15 0.00 7.26 5.47

Nikita Greentech Recycling ROE % Competitor Comparison

For the Paper & Paper Products subindustry, Nikita Greentech Recycling'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.


Nikita Greentech Recycling ROE % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nikita Greentech Recycling's ROE % distribution charts can be found below:

* The bar in red indicates where Nikita Greentech Recycling's ROE % falls into.


NSE:NIKITA
11GF Score
Nikita Greentech Recycling Ltd NSE:NIKITA
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nikita Greentech Recycling ROE % Calculation

Nikita Greentech Recycling's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=111.389/( (0+1787.382)/ 1 )
=111.389/1787.382
=6.23 %

Nikita Greentech Recycling's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=96.486/( (1739.016+1787.382)/ 2 )
=96.486/1763.199
=5.47 %

* 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. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 5.47% mean?
Nikita Greentech Recycling (NSE:NIKITA) has a ROE % of 5.47% 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 Nikita Greentech Recycling and its competitors. This is 68% below median its historical median of 17.15. Over the past decade, Nikita Greentech Recycling's ROE % has ranged from 6.23 to 29.75. According to the industry distribution chart, Nikita Greentech Recycling ranks #86 out of 279 companies in the Forest Products industry, placing it in the top 30.8%.
Is Nikita Greentech Recycling's ROE % too high?
Nikita Greentech Recycling's current ROE % of 5.47% is 68% below median its 10-year median of 17.15. Over the past 10 years, this metric has ranged from a low of 6.23 to a high of 29.75. The Forest Products industry median ROE % is 2.19. Nikita Greentech Recycling's value of 5.47% is 149.8% above this industry median. Based on the distribution chart, Nikita Greentech Recycling ranks #86 out of 279 companies in the Forest Products industry, which is above the industry midpoint. Overall, Nikita Greentech Recycling has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Nikita Greentech Recycling's ROE % compare to competitors?
According to the Forest Products industry distribution chart, Nikita Greentech Recycling ranks #86 out of 279 companies for ROE %. This puts Nikita Greentech Recycling in the upper half of its industry. The industry median ROE % is 2.19. Nikita Greentech Recycling's value of 5.47% is 149.8% above this benchmark. Historically, Nikita Greentech Recycling's own ROE % has ranged from 6.23 to 29.75 over the past decade. While the company's 10-year median is 17.15 vs. the industry median of 2.19, Nikita Greentech Recycling 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 Forest Products company?
The median ROE % among Forest Products companies is 2.19, based on 279 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. Nikita Greentech Recycling's current ROE % of 5.47% is 149.8% 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 Nikita Greentech Recycling and its competitors. For the Forest Products industry, the median ROE % is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikita Greentech Recycling's current ROE % is 5.47%, which is 68% below median its own 10-year median of 17.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikita Greentech Recycling stock overvalued right now?
Nikita Greentech Recycling (NSE:NIKITA) has a current ROE % of 5.47%. The current ROE % is 5.47%, which is 68% below median its 10-year median of 17.15 and 149.8% above the Forest Products industry median of 2.19. Nikita Greentech Recycling's overall GF Score™ is 11/100 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 Nikita Greentech Recycling (NSE:NIKITA), the current ROE % is 5.47% 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.

Nikita Greentech Recycling Business Description

Address Industrial Estate Panipat Road, C-10, Shamli, Muzaffarnagar, UP, IND, 247776
Nikita Greentech Recycling Ltd, formerly Nikita Papers Ltd is a manufacturers of recycled kraft paper. It is manufacturing Kraft paper ranging from 80 to 200 GSM in various Burst Factor (B.F.) ranges. The company has only one segment: Business of Kraft Paper Manufacturing.
11GF Score

Get the complete analysis for NSE:NIKITA

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹76.90
Price