Refractory ShapesNSE:REFRACTORY -4.38%17 ROE % is 13.72% as of Mar. 2025, which is 27% below its 10-year median of 18.80. GuruFocus rates NSE:REFRACTORY with a GF Score™ of 17/100. The stock has 1 warning sign investors should review. Among 404 Building Materials companies, Refractory Shapes ranks better than 87.38% on this metric.
The historical rank and industry rank for Refractory Shapes's ROE % or its related term are showing as below:
NSE:REFRACTORY'
s ROE % Range Over the Past 10 Years
Min: 12.19 Med: 18.8 Max: 22.17
Current: 17.18
During the past 5 years, Refractory Shapes's highest ROE % was 22.17%. The lowest was 12.19%. And the median was 18.80%.
NSE:REFRACTORY's ROE % is ranked better than 87.38% of 404
companies
in the Building Materials industry
Industry Median: 4.335
vs NSE:REFRACTORY: 17.18
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.
Refractory Shapes ROE % Related Terms
Refractory Shapes ROE % Historical Data
* Premium members only.
The historical data trend for Refractory Shapes'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 Building Materials subindustry, Refractory Shapes'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.
Refractory Shapes ROE % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Refractory Shapes's ROE % distribution charts can be found below:
* The bar in red indicates where Refractory Shapes'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.
Refractory Shapes (NSE:REFRACTORY) has a ROE % of 13.72% 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 Refractory Shapes and its competitors. This is 27% below median its historical median of 18.80. Over the past decade, Refractory Shapes' ROE % has ranged from 12.19 to 22.17. According to the industry distribution chart, Refractory Shapes ranks #51 out of 404 companies in the Building Materials industry, placing it in the top 12.6%.
Is Refractory Shapes' ROE % too high?
Refractory Shapes' current ROE % of 13.72% is 27% below median its 10-year median of 18.80. Over the past 10 years, this metric has ranged from a low of 12.19 to a high of 22.17. The Building Materials industry median ROE % is 4.34. Refractory Shapes' value of 13.72% is 216.5% above this industry median. Based on the distribution chart, Refractory Shapes ranks #51 out of 404 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Refractory Shapes has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Refractory Shapes' ROE % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Refractory Shapes ranks #51 out of 404 companies for ROE %. This places Refractory Shapes in the top 13% of its industry — outperforming the majority of peers. The industry median ROE % is 4.34. Refractory Shapes' value of 13.72% is 216.5% above this benchmark. Historically, Refractory Shapes' own ROE % has ranged from 12.19 to 22.17 over the past decade. While the company's 10-year median is 18.80 vs. the industry median of 4.34, Refractory Shapes 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 4.34, based on 404 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. Refractory Shapes's current ROE % of 13.72% is 216.5% 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 Refractory Shapes and its competitors. For the Building Materials industry, the median ROE % is 4.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refractory Shapes's current ROE % is 13.72%, which is 27% below median its own 10-year median of 18.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refractory Shapes stock overvalued right now?
Refractory Shapes (NSE:REFRACTORY) has a current ROE % of 13.72%. The current ROE % is 13.72%, which is 27% below median its 10-year median of 18.80 and 216.5% above the Building Materials industry median of 4.34. Refractory Shapes' overall GF Score™ is 17/100 with 1 warning sign 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 Refractory Shapes (NSE:REFRACTORY), the current ROE % is 13.72% 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.
Refractory Shapes Ltd is engaged in the production of special shapes, custom-made refractory shapes, and ceramic balls of low and medium purity with top quality and superior performance. The company manufactures bricks, castables, coating materials, high purity alumina catalyst bed supports, and ceramic balls. It serves industries including steel, refineries, fertilizers, petrochemicals, glass, and cement. The company has an international presence across multiple countries and is known for its quality, skilled workforce, and quality assurance.
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