Speb AdhesivesNSE:SPEB +2.29%21 ROE % is 15.17% as of Mar. 2026, which is 10% below its 10-year median of 16.93. GuruFocus rates NSE:SPEB with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 1,586 Chemicals companies, Speb Adhesives ranks better than 91.3% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Speb Adhesives's annualized net income for the quarter that ended in Mar. 2026 was ₹64.3 Mil. Speb Adhesives's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹423.8 Mil. Therefore, Speb Adhesives's annualized ROE % for the quarter that ended in Mar. 2026 was 15.17%.
The historical rank and industry rank for Speb Adhesives's ROE % or its related term are showing as below:
NSE:SPEB'
s ROE % Range Over the Past 10 Years
Min: 9.9 Med: 16.93 Max: 27.01
Current: 18.7
During the past 5 years, Speb Adhesives's highest ROE % was 27.01%. The lowest was 9.90%. And the median was 16.93%.
NSE:SPEB's ROE % is ranked better than 91.3% of 1586
companies
in the Chemicals industry
Industry Median: 5.185
vs NSE:SPEB: 18.70
Speb Adhesives (NSE:SPEB) 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.
Speb Adhesives ROE % Related Terms
Speb Adhesives ROE % Historical Data
* Premium members only.
The historical data trend for Speb Adhesives'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 Specialty Chemicals subindustry, Speb Adhesives'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.
Speb Adhesives ROE % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Speb Adhesives's ROE % distribution charts can be found below:
* The bar in red indicates where Speb Adhesives'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.
Speb Adhesives (NSE:SPEB) has a ROE % of 15.17% 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 Speb Adhesives and its competitors. This is 10% below median its historical median of 16.93. Over the past decade, Speb Adhesives' ROE % has ranged from 9.90 to 27.01. According to the industry distribution chart, Speb Adhesives ranks #138 out of 1586 companies in the Chemicals industry, placing it in the top 8.7%.
Is Speb Adhesives' ROE % too high?
Speb Adhesives' current ROE % of 15.17% is 10% below median its 10-year median of 16.93. Over the past 10 years, this metric has ranged from a low of 9.90 to a high of 27.01. The Chemicals industry median ROE % is 5.19. Speb Adhesives' value of 15.17% is 192.6% above this industry median. Based on the distribution chart, Speb Adhesives ranks #138 out of 1586 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Speb Adhesives has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Speb Adhesives' ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Speb Adhesives ranks #138 out of 1586 companies for ROE %. This places Speb Adhesives in the top 9% of its industry — outperforming the majority of peers. The industry median ROE % is 5.19. Speb Adhesives' value of 15.17% is 192.6% above this benchmark. Historically, Speb Adhesives' own ROE % has ranged from 9.90 to 27.01 over the past decade. While the company's 10-year median is 16.93 vs. the industry median of 5.19, Speb Adhesives 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 Chemicals company?
The median ROE % among Chemicals companies is 5.19, based on 1,586 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. Speb Adhesives's current ROE % of 15.17% is 192.6% 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 Speb Adhesives and its competitors. For the Chemicals industry, the median ROE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Speb Adhesives's current ROE % is 15.17%, which is 10% below median its own 10-year median of 16.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speb Adhesives stock overvalued right now?
Speb Adhesives (NSE:SPEB) has a current ROE % of 15.17%. The current ROE % is 15.17%, which is 10% below median its 10-year median of 16.93 and 192.6% above the Chemicals industry median of 5.19. Speb Adhesives' overall GF Score™ is 21/100 with 4 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 Speb Adhesives (NSE:SPEB), the current ROE % is 15.17% 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.
Speb Adhesives Ltd is engaged in the manufacturing of solvent-based synthetic rubber adhesives and offers water-based adhesives. The company focuses on in-house manufacturing of solvent-based adhesives, with water-based adhesives being produced on a contractual manufacturing basis. Its product portfolio includes various products customized for industrial and retail applications, such as multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in Generator Sets. The company operates a B2B model through three business channels: dealer-distribution network, industrial sales, and government supply contracts. It generates the majority of its revenue from overseas markets.
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