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Shanti Gold InternationalNSE:SHANTIGOLD +1.99%18 ROE % is 34.71% as of Mar. 2026, which is 5% above its 10-year median of 33.08. GuruFocus rates NSE:SHANTIGOLD with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,099 Retail - Cyclical companies, Shanti Gold International ranks better than 89.9% on this metric.
The historical rank and industry rank for Shanti Gold International's ROE % or its related term are showing as below:
NSE:SHANTIGOLD'
s ROE % Range Over the Past 10 Years
Min: 6.6 Med: 33.08 Max: 43.45
Current: 31.53
During the past 5 years, Shanti Gold International's highest ROE % was 43.45%. The lowest was 6.60%. And the median was 33.08%.
NSE:SHANTIGOLD's ROE % is ranked better than 89.9% of 1099
companies
in the Retail - Cyclical industry
Industry Median: 6.49
vs NSE:SHANTIGOLD: 31.53
Shanti Gold International (NSE:SHANTIGOLD) 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 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.
* 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 Luxury Goods subindustry, Shanti Gold International'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.
Shanti Gold International ROE % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Shanti Gold International's ROE % distribution charts can be found below:
* The bar in red indicates where Shanti Gold International'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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Shanti Gold International (NSE:SHANTIGOLD) has a ROE % of 34.71% 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 Shanti Gold International and its competitors. This is near median its historical median of 33.08. Over the past decade, Shanti Gold International's ROE % has ranged from 6.60 to 43.45. According to the industry distribution chart, Shanti Gold International ranks #111 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 10.1%.
Is Shanti Gold International's ROE % too high?
Shanti Gold International's current ROE % of 34.71% is near median its 10-year median of 33.08. Over the past 10 years, this metric has ranged from a low of 6.60 to a high of 43.45. The Retail - Cyclical industry median ROE % is 6.49. Shanti Gold International's value of 34.71% is 434.8% above this industry median. Based on the distribution chart, Shanti Gold International ranks #111 out of 1099 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Shanti Gold International has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Shanti Gold International's ROE % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Shanti Gold International ranks #111 out of 1099 companies for ROE %. This places Shanti Gold International in the top 10% of its industry — outperforming the majority of peers. The industry median ROE % is 6.49. Shanti Gold International's value of 34.71% is 434.8% above this benchmark. Historically, Shanti Gold International's own ROE % has ranged from 6.60 to 43.45 over the past decade. While the company's 10-year median is 33.08 vs. the industry median of 6.49, Shanti Gold International 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 6.49, based on 1,099 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. Shanti Gold International's current ROE % of 34.71% is 434.8% 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 Shanti Gold International and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanti Gold International's current ROE % is 34.71%, which is near median its own 10-year median of 33.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanti Gold International stock overvalued right now?
Shanti Gold International (NSE:SHANTIGOLD) has a current ROE % of 34.71%. The current ROE % is 34.71%, which is near median its 10-year median of 33.08 and 434.8% above the Retail - Cyclical industry median of 6.49. Shanti Gold International's 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 Shanti Gold International (NSE:SHANTIGOLD), the current ROE % is 34.71% 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.
Shanti Gold International Ltd is one of the manufacturers of high-quality 22kt CZ casting gold jewellery, specializing in the design and production of all types of gold jewellery. The Company offers a wide range of high-quality, intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points ranging from jewellery for special occasions, such as weddings to festive and daily-wear jewellery.
18GF Score
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