Shri TechtexNSE:SHRITECH -1.54%67 ROE % is 23.82% as of Mar. 2026, which is 33% below its 10-year median of 35.62. GuruFocus rates NSE:SHRITECH with a GF Score™ of 67/100 and a GF Value™ of ₹77.60 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,023 Manufacturing - Apparel & Accessories companies, Shri Techtex ranks better than 88.95% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Shri Techtex's annualized net income for the quarter that ended in Mar. 2026 was ₹264.9 Mil. Shri Techtex's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹1,112.2 Mil. Therefore, Shri Techtex's annualized ROE % for the quarter that ended in Mar. 2026 was 23.82%.
The historical rank and industry rank for Shri Techtex's ROE % or its related term are showing as below:
NSE:SHRITECH'
s ROE % Range Over the Past 10 Years
Min: 16.08 Med: 35.62 Max: 87.54
Current: 18.03
During the past 7 years, Shri Techtex's highest ROE % was 87.54%. The lowest was 16.08%. And the median was 35.62%.
NSE:SHRITECH's ROE % is ranked better than 88.95% of 1023
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.04
vs NSE:SHRITECH: 18.03
Shri Techtex (NSE:SHRITECH) 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 Techtex ROE % Related Terms
Shri Techtex ROE % Historical Data
* Premium members only.
The historical data trend for Shri Techtex'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 Textile Manufacturing subindustry, Shri Techtex'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 Techtex ROE % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shri Techtex's ROE % distribution charts can be found below:
* The bar in red indicates where Shri Techtex'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 Techtex (NSE:SHRITECH) has a ROE % of 23.82% 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 Techtex and its competitors. This is 33% below median its historical median of 35.62. Over the past decade, Shri Techtex's ROE % has ranged from 16.08 to 87.54. According to the industry distribution chart, Shri Techtex ranks #113 out of 1023 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 11%.
Is Shri Techtex's ROE % too high?
Shri Techtex's current ROE % of 23.82% is 33% below median its 10-year median of 35.62. Over the past 10 years, this metric has ranged from a low of 16.08 to a high of 87.54. The Manufacturing - Apparel & Accessories industry median ROE % is 4.04. Shri Techtex's value of 23.82% is 489.6% above this industry median. Based on the distribution chart, Shri Techtex ranks #113 out of 1023 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Shri Techtex has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shri Techtex's ROE % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shri Techtex ranks #113 out of 1023 companies for ROE %. This places Shri Techtex in the top 11% of its industry — outperforming the majority of peers. The industry median ROE % is 4.04. Shri Techtex's value of 23.82% is 489.6% above this benchmark. Historically, Shri Techtex's own ROE % has ranged from 16.08 to 87.54 over the past decade. While the company's 10-year median is 35.62 vs. the industry median of 4.04, Shri Techtex 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 Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,023 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 Techtex's current ROE % of 23.82% is 489.6% 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 Techtex and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Techtex's current ROE % is 23.82%, which is 33% below median its own 10-year median of 35.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Techtex stock overvalued right now?
Based on GuruFocus' analysis, Shri Techtex (NSE:SHRITECH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹77.60, compared to a current price of ₹65.00 — trading 16.2% below its estimated fair value. The current ROE % is 23.82%, which is 33% below median its 10-year median of 35.62 and 489.6% above the Manufacturing - Apparel & Accessories industry median of 4.04. Shri Techtex's overall GF Score™ is 67/100 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 Shri Techtex (NSE:SHRITECH), the current ROE % is 23.82% 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 Shri Techtex (NSE:SHRITECH) Overvalued in 2026?
Based on GuruFocus' analysis, Shri Techtex stock appears to be undervalued.
The current stock price of ₹65.00 is trading 16.2% below its estimated GF Value™ of ₹77.60.
GuruFocus considers Shri Techtex to be Modestly Undervalued.
Key valuation signals for NSE:SHRITECH:
ROE %: 23.82% (33% below median its 10-year median of 35.62)
GF Value™: ₹77.60 vs. price of ₹65.00 (16.2% below fair value)
Industry Position: 489.6% above the Manufacturing - Apparel & Accessories median (#113 of 1023)
No single metric tells the full story. See the NSE:SHRITECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shri Techtex Ltd is engaged in the business of manufacturing of technical textile. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single-use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. The company manufactures PP non-woven fabric in a variety of sizes and densities.
67GF Score
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