Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Shri Kanha StainlessNSE:SHRIKANHA +4.86%13 ROE % is 23.15% as of Mar. 2026, which is 38% below its 10-year median of 37.55. GuruFocus rates NSE:SHRIKANHA with a GF Score™ of 13/100. The stock has 6 warning signs investors should review. Among 619 Steel companies, Shri Kanha Stainless ranks better than 95.48% on this metric.
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.
* 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.
Shri Kanha Stainless ROE % Chart
Shri Kanha Stainless Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
ROE %
19.11
51.33
62.49
23.76
Shri Kanha Stainless Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
ROE %
0.00
0.00
71.51
60.38
23.15
NSE:SHRIKANHA vs NUE, STLD, RS: ROE % Comparison
For the Steel subindustry, Shri Kanha Stainless'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 Kanha Stainless ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Kanha Stainless's ROE % distribution charts can be found below:
* The bar in red indicates where Shri Kanha Stainless'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 Kanha Stainless (NSE:SHRIKANHA) has a ROE % of 23.15% 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 Kanha Stainless and its competitors. This is 38% below median its historical median of 37.55. Over the past decade, Shri Kanha Stainless' ROE % has ranged from 19.11 to 62.49. According to the industry distribution chart, Shri Kanha Stainless ranks #28 out of 619 companies in the Steel industry, placing it in the top 4.5%.
Is Shri Kanha Stainless' ROE % too high?
Shri Kanha Stainless' current ROE % of 23.15% is 38% below median its 10-year median of 37.55. Over the past 10 years, this metric has ranged from a low of 19.11 to a high of 62.49. The Steel industry median ROE % is 3.95. Shri Kanha Stainless' value of 23.15% is 486.1% above this industry median. Based on the distribution chart, Shri Kanha Stainless ranks #28 out of 619 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Shri Kanha Stainless has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Shri Kanha Stainless' ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Kanha Stainless ranks #28 out of 619 companies for ROE %. This places Shri Kanha Stainless in the top 5% of its industry — outperforming the majority of peers. The industry median ROE % is 3.95. Shri Kanha Stainless' value of 23.15% is 486.1% above this benchmark. Historically, Shri Kanha Stainless' own ROE % has ranged from 19.11 to 62.49 over the past decade. While the company's 10-year median is 37.55 vs. the industry median of 3.95, Shri Kanha Stainless 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 Steel company?
The median ROE % among Steel companies is 3.95, 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 Kanha Stainless's current ROE % of 23.15% is 486.1% 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 Shri Kanha Stainless and its competitors. For the Steel industry, the median ROE % is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Kanha Stainless's current ROE % is 23.15%, which is 38% below median its own 10-year median of 37.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Kanha Stainless stock overvalued right now?
Shri Kanha Stainless (NSE:SHRIKANHA) has a current ROE % of 23.15%. The current ROE % is 23.15%, which is 38% below median its 10-year median of 37.55 and 486.1% above the Steel industry median of 3.95. Shri Kanha Stainless' overall GF Score™ is 13/100 with 6 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 Kanha Stainless (NSE:SHRIKANHA), the current ROE % is 23.15% 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 Kanha Stainless Ltd is a manufacturer of precision stainless steel cold-rolled strips, offering a wide range of thin and ultra-thin variants designed to meet diverse industrial requirements. The company's products are widely used across various sectors, including the textile, automotive, and chemical industries, as well as in flexible tubes, capillary tubes, clocks, watches, and electrical equipment. Its key product offerings include Cold Rolling of Stainless-Steel Precision Strips (HR/CR SS Coil/Slitted), Stainless Steel Circle, and Stainless Steel Sheet. The company derives revenue from the sale of its products, mainly from the sale of HR/CR SS Coil/Slitted products.
13GF Score
Get the complete analysis for NSE:SHRIKANHA
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:SHRIKANHA has been successfully added to your 
