Pushpa JewellersNSE:PUSHPA +0.21%18 ROE % is 24.35% as of Mar. 2026, which is 45% below its 10-year median of 44.20. GuruFocus rates NSE:PUSHPA with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,092 Retail - Cyclical companies, Pushpa Jewellers ranks better than 84.62% on this metric.
The historical rank and industry rank for Pushpa Jewellers's ROE % or its related term are showing as below:
NSE:PUSHPA'
s ROE % Range Over the Past 10 Years
Min: 24.35 Med: 44.2 Max: 47.32
Current: 24.35
During the past 5 years, Pushpa Jewellers's highest ROE % was 47.32%. The lowest was 24.35%. And the median was 44.20%.
NSE:PUSHPA's ROE % is ranked better than 84.62% of 1092
companies
in the Retail - Cyclical industry
Industry Median: 6.505
vs NSE:PUSHPA: 24.35
Pushpa Jewellers (NSE:PUSHPA) 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 one times the annual (Mar. 2026) net income data. The Revenue data used here is one times the 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.
Pushpa Jewellers ROE % Related Terms
Pushpa Jewellers ROE % Historical Data
* Premium members only.
The historical data trend for Pushpa Jewellers'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.
Pushpa Jewellers ROE % Chart
Pushpa Jewellers Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Mar26
ROE %
42.97
44.20
46.36
47.32
24.35
Pushpa Jewellers Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Mar26
ROE %
42.97
44.20
46.36
47.32
24.35
NSE:PUSHPA vs TPR: ROE % Comparison
For the Luxury Goods subindustry, Pushpa Jewellers'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.
Pushpa Jewellers ROE % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Pushpa Jewellers's ROE % distribution charts can be found below:
* The bar in red indicates where Pushpa Jewellers'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 one times the annual (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Pushpa Jewellers (NSE:PUSHPA) has a ROE % of 24.35% 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 Pushpa Jewellers and its competitors. This is 45% below median its historical median of 44.20. Over the past decade, Pushpa Jewellers' ROE % has ranged from 24.35 to 47.32. According to the industry distribution chart, Pushpa Jewellers ranks #168 out of 1092 companies in the Retail - Cyclical industry, placing it in the top 15.4%.
Is Pushpa Jewellers' ROE % too high?
Pushpa Jewellers' current ROE % of 24.35% is 45% below median its 10-year median of 44.20. Over the past 10 years, this metric has ranged from a low of 24.35 to a high of 47.32. The Retail - Cyclical industry median ROE % is 6.51. Pushpa Jewellers' value of 24.35% is 274.3% above this industry median. Based on the distribution chart, Pushpa Jewellers ranks #168 out of 1092 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Pushpa Jewellers has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Pushpa Jewellers' ROE % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Pushpa Jewellers ranks #168 out of 1092 companies for ROE %. This places Pushpa Jewellers in the top 15% of its industry — outperforming the majority of peers. The industry median ROE % is 6.51. Pushpa Jewellers' value of 24.35% is 274.3% above this benchmark. Historically, Pushpa Jewellers' own ROE % has ranged from 24.35 to 47.32 over the past decade. While the company's 10-year median is 44.20 vs. the industry median of 6.51, Pushpa Jewellers 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 Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.51, based on 1,092 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. Pushpa Jewellers's current ROE % of 24.35% is 274.3% 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 Pushpa Jewellers and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pushpa Jewellers's current ROE % is 24.35%, which is 45% below median its own 10-year median of 44.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pushpa Jewellers stock overvalued right now?
Pushpa Jewellers (NSE:PUSHPA) has a current ROE % of 24.35%. The current ROE % is 24.35%, which is 45% below median its 10-year median of 44.20 and 274.3% above the Retail - Cyclical industry median of 6.51. Pushpa Jewellers' overall GF Score™ is 18/100 with 3 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 Pushpa Jewellers (NSE:PUSHPA), the current ROE % is 24.35% 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.
Pushpa Jewellers Ltd is a wholesale B2B jewellery maker with a presence across India. Its jewellery business includes the sale of a range of Traditional and Modern Gold jewellery. Its main focus is in detailing and highlighting small areas minutely as its jewellery consists of some of the world's finest stones, namely Emerald, Jade, Pearl and Meena. The company has a presence across multiple regions in India, and it also exports its jewellery in international markets like Dubai, the United States and Australia. The company generates the majority of its revenue from sales in the Domestic market.
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