Shri Hare-Krishna Sponge IronNSE:SHKSIL 31 ROE % is 2.93% as of Mar. 2026, which is 83% below its 10-year median of 17.16. GuruFocus rates NSE:SHKSIL with a GF Score™ of 31/100. The stock has 7 warning signs investors should review. Among 619 Steel companies, Shri Hare-Krishna Sponge Iron ranks better than 64.3% on this metric.
The historical rank and industry rank for Shri Hare-Krishna Sponge Iron's ROE % or its related term are showing as below:
NSE:SHKSIL'
s ROE % Range Over the Past 10 Years
Min: 6.51 Med: 17.16 Max: 21.5
Current: 6.51
During the past 5 years, Shri Hare-Krishna Sponge Iron's highest ROE % was 21.50%. The lowest was 6.51%. And the median was 17.16%.
NSE:SHKSIL's ROE % is ranked better than 64.3% of 619
companies
in the Steel industry
Industry Median: 3.7
vs NSE:SHKSIL: 6.51
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) 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 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.
Shri Hare-Krishna Sponge Iron ROE % Related Terms
Shri Hare-Krishna Sponge Iron ROE % Historical Data
* 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 Steel subindustry, Shri Hare-Krishna Sponge Iron'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.
Shri Hare-Krishna Sponge Iron ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Hare-Krishna Sponge Iron's ROE % distribution charts can be found below:
* The bar in red indicates where Shri Hare-Krishna Sponge Iron'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. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a ROE % of 2.93% 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 Shri Hare-Krishna Sponge Iron and its competitors. This is 83% below median its historical median of 17.16. Over the past decade, Shri Hare-Krishna Sponge Iron's ROE % has ranged from 6.51 to 21.50. According to the industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #221 out of 619 companies in the Steel industry, placing it in the top 35.7%.
Is Shri Hare-Krishna Sponge Iron's ROE % too high?
Shri Hare-Krishna Sponge Iron's current ROE % of 2.93% is 83% below median its 10-year median of 17.16. Over the past 10 years, this metric has ranged from a low of 6.51 to a high of 21.50. The Steel industry median ROE % is 3.70. Shri Hare-Krishna Sponge Iron's value of 2.93% is 20.8% below this industry median. Based on the distribution chart, Shri Hare-Krishna Sponge Iron ranks #221 out of 619 companies in the Steel industry, which is above the industry midpoint. Overall, Shri Hare-Krishna Sponge Iron has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Shri Hare-Krishna Sponge Iron's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #221 out of 619 companies for ROE %. This puts Shri Hare-Krishna Sponge Iron in the upper half of its industry. The industry median ROE % is 3.70. Shri Hare-Krishna Sponge Iron's value of 2.93% is 20.8% below this benchmark. Historically, Shri Hare-Krishna Sponge Iron's own ROE % has ranged from 6.51 to 21.50 over the past decade. While the company's 10-year median is 17.16 vs. the industry median of 3.70, Shri Hare-Krishna Sponge Iron has consistently been below 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 Steel company?
The median ROE % among Steel companies is 3.70, based on 619 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. Shri Hare-Krishna Sponge Iron's current ROE % of 2.93% is 20.8% below 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 Shri Hare-Krishna Sponge Iron and its competitors. For the Steel industry, the median ROE % is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Hare-Krishna Sponge Iron's current ROE % is 2.93%, which is 83% below median its own 10-year median of 17.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Hare-Krishna Sponge Iron stock overvalued right now?
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a current ROE % of 2.93%. The current ROE % is 2.93%, which is 83% below median its 10-year median of 17.16 and 20.8% below the Steel industry median of 3.70. Shri Hare-Krishna Sponge Iron's overall GF Score™ is 31/100 with 7 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 Shri Hare-Krishna Sponge Iron (NSE:SHKSIL), the current ROE % is 2.93% 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.
Shri Hare-Krishna Sponge Iron Business Description
Shri Hare-Krishna Sponge Iron Ltd is engaged in the business of manufacturing and selling of Sponge Iron. Sponge iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. Through its sponge iron business, it caters to the metallic requirements of steel producers in selected geographies.
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