Shalby (NSE:SHALBY) ROE %: 7.29% (As of Mar. 2026) — 27% Above Median


NSE:SHALBY Shalby Ltd NSE:SHALBY
91 GF Score
Price ₹172.15
GF Value ₹248.93
Valuation Possible Value Trap
! 5 Warning Signs
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What is Shalby ROE %?

Shalby NSE:SHALBY +0.31% 91 ROE % is 7.29% as of Mar. 2026, which is 27% above its 10-year median of 5.76. GuruFocus rates NSE:SHALBY with a GF Score™ of 91/100 and a GF Value™ of ₹248.93 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 625 Healthcare Providers & Services companies, Shalby ranks worse than 56.64% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Shalby's annualized net income for the quarter that ended in Mar. 2026 was ₹733 Mil. Shalby's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹10,052 Mil. Therefore, Shalby's annualized ROE % for the quarter that ended in Mar. 2026 was 7.29%.

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

NSE:SHALBY' s ROE % Range Over the Past 10 Years
Min: 0.62   Med: 5.76   Max: 12.56
Current: 3.74

During the past 13 years, Shalby's highest ROE % was 12.56%. The lowest was 0.62%. And the median was 5.76%.

NSE:SHALBY's ROE % is ranked worse than
56.64% of 625 companies
in the Healthcare Providers & Services industry
Industry Median: 5.84 vs NSE:SHALBY: 3.74

Shalby  (NSE:SHALBY) 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
=732.72/10052.34
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(732.72 / 11497.8)*(11497.8 / 18391.3)*(18391.3 / 10052.34)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.37 %*0.6252*1.8296
=ROA %*Equity Multiplier
=3.98 %*1.8296
=7.29 %

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
=732.72/10052.34
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (732.72 / 384.24) * (384.24 / 434.52) * (434.52 / 11497.8) * (11497.8 / 18391.3) * (18391.3 / 10052.34)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.9069 * 0.8843 * 3.78 % * 0.6252 * 1.8296
=7.29 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.


Shalby ROE % Related Terms


Shalby ROE % Historical Data

* Premium members only.

The historical data trend for Shalby'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.

Shalby ROE % Chart

Shalby Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.33 7.51 8.72 0.62 3.74

Shalby Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.44 3.60 3.35 0.70 7.29

NSE:SHALBY vs HCA, THC, DVA: ROE % Comparison

For the Medical Care Facilities subindustry, Shalby'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.


Shalby ROE % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Shalby's ROE % distribution charts can be found below:

* The bar in red indicates where Shalby's ROE % falls into.


NSE:SHALBY
91GF Score
Shalby Ltd NSE:SHALBY
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shalby ROE % Calculation

Shalby'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 )
=373.88/( (9921.87+10052.34)/ 2 )
=373.88/9987.105
=3.74 %

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

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=732.72/( (0+10052.34)/ 1 )
=732.72/10052.34
=7.29 %

* 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 four times the quarterly (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 7.29% mean?
Shalby (NSE:SHALBY) has a ROE % of 7.29% 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 Shalby and its competitors. This is 27% above median its historical median of 5.76. Over the past decade, Shalby's ROE % has ranged from 0.62 to 12.56. According to the industry distribution chart, Shalby ranks #354 out of 625 companies in the Healthcare Providers & Services industry, placing it in the top 56.6%.
Is Shalby's ROE % too high?
Shalby's current ROE % of 7.29% is 27% above median its 10-year median of 5.76. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 12.56. The Healthcare Providers & Services industry median ROE % is 5.84. Shalby's value of 7.29% is 24.8% above this industry median. Based on the distribution chart, Shalby ranks #354 out of 625 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Shalby has a GF Score™ of 91/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shalby's ROE % compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Shalby ranks #354 out of 625 companies for ROE %. This places Shalby in the lower half of its industry. The industry median ROE % is 5.84. Shalby's value of 7.29% is 24.8% above this benchmark. Historically, Shalby's own ROE % has ranged from 0.62 to 12.56 over the past decade. While the company's 10-year median is 5.76 vs. the industry median of 5.84, Shalby 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 Healthcare Providers & Services company?
The median ROE % among Healthcare Providers & Services companies is 5.84, based on 625 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. Shalby's current ROE % of 7.29% is 24.8% 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 Shalby and its competitors. For the Healthcare Providers & Services industry, the median ROE % is 5.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shalby's current ROE % is 7.29%, which is 27% above median its own 10-year median of 5.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shalby stock overvalued right now?
Based on GuruFocus' analysis, Shalby (NSE:SHALBY) is currently considered Possible Value Trap. The stock's GF Value™ is ₹248.93, compared to a current price of ₹172.15 — trading 30.8% below its estimated fair value. The current ROE % is 7.29%, which is 27% above median its 10-year median of 5.76 and 24.8% above the Healthcare Providers & Services industry median of 5.84. Shalby's overall GF Score™ is 91/100 with 5 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 Shalby (NSE:SHALBY), the current ROE % is 7.29% 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.

Is Shalby (NSE:SHALBY) Overvalued in 2026?

Based on GuruFocus' analysis, Shalby stock appears to be undervalued. The current stock price of ₹172.15 is trading 30.8% below its estimated GF Value™ of ₹248.93. GuruFocus considers Shalby to be Possible Value Trap.

Key valuation signals for NSE:SHALBY:

  • ROE %: 7.29% (27% above median its 10-year median of 5.76)
  • GF Value™: ₹248.93 vs. price of ₹172.15 (30.8% below fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 24.8% above the Healthcare Providers & Services median (#354 of 625)

No single metric tells the full story. See the NSE:SHALBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shalby Business Description

Other Exchanges 540797:India
Address Opposite Karnavati Club, S. G. Highway, B-301 & 302, Mondeal Heights, Ahmedabad, GJ, IND, 380 015
Shalby Ltd operates a chain of multispecialty hospitals. It is engaged in setting up and managing hospitals and medical diagnostic services. The hospitals offer healthcare services to patients in various areas of specialization such as Cardiology, Emergency Medicine, Gastroenterology Surgery, Arthroscopy Sports Injury, Infectious Diseases, Oncology, and others. The activities are mainly conducted only in India. Revenue mainly comprises fees charged for inpatient and outpatient hospital services. Services include charges for accommodation, medical professional services, equipment, radiology, laboratory, and pharmaceutical goods used in treatments given to Patients.
91GF Score

Get the complete analysis for NSE:SHALBY

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

₹172.15
Price
₹248.93
GF Value