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TSC IndiaNSE:TSC -3.55%16 ROE % is 2.49% as of Mar. 2026, which is 92% below its 10-year median of 29.49. GuruFocus rates NSE:TSC with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 820 Travel & Leisure companies, TSC India ranks better than 66.34% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. TSC India's annualized net income for the quarter that ended in Mar. 2026 was ₹10.8 Mil. TSC India's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹435.1 Mil. Therefore, TSC India's annualized ROE % for the quarter that ended in Mar. 2026 was 2.49%.
The historical rank and industry rank for TSC India's ROE % or its related term are showing as below:
NSE:TSC'
s ROE % Range Over the Past 10 Years
Min: 10.76 Med: 29.49 Max: 62.76
Current: 10.76
During the past 4 years, TSC India's highest ROE % was 62.76%. The lowest was 10.76%. And the median was 29.49%.
NSE:TSC's ROE % is ranked better than 66.34% of 820
companies
in the Travel & Leisure industry
Industry Median: 5.485
vs NSE:TSC: 10.76
TSC India (NSE:TSC) 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.
TSC India ROE % Related Terms
TSC India ROE % Historical Data
* Premium members only.
The historical data trend for TSC India'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 Travel Services subindustry, TSC India'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.
TSC India ROE % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, TSC India's ROE % distribution charts can be found below:
* The bar in red indicates where TSC India'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.
TSC India (NSE:TSC) has a ROE % of 2.49% 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 TSC India and its competitors. This is 92% below median its historical median of 29.49. Over the past decade, TSC India's ROE % has ranged from 10.76 to 62.76. According to the industry distribution chart, TSC India ranks #276 out of 820 companies in the Travel & Leisure industry, placing it in the top 33.7%.
Is TSC India's ROE % too high?
TSC India's current ROE % of 2.49% is 92% below median its 10-year median of 29.49. Over the past 10 years, this metric has ranged from a low of 10.76 to a high of 62.76. The Travel & Leisure industry median ROE % is 5.49. TSC India's value of 2.49% is 54.6% below this industry median. Based on the distribution chart, TSC India ranks #276 out of 820 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, TSC India has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does TSC India's ROE % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, TSC India ranks #276 out of 820 companies for ROE %. This puts TSC India in the upper half of its industry. The industry median ROE % is 5.49. TSC India's value of 2.49% is 54.6% below this benchmark. Historically, TSC India's own ROE % has ranged from 10.76 to 62.76 over the past decade. While the company's 10-year median is 29.49 vs. the industry median of 5.49, TSC India 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 Travel & Leisure company?
The median ROE % among Travel & Leisure companies is 5.49, based on 820 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. TSC India's current ROE % of 2.49% is 54.6% 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 TSC India and its competitors. For the Travel & Leisure industry, the median ROE % is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSC India's current ROE % is 2.49%, which is 92% below median its own 10-year median of 29.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSC India stock overvalued right now?
TSC India (NSE:TSC) has a current ROE % of 2.49%. The current ROE % is 2.49%, which is 92% below median its 10-year median of 29.49 and 54.6% below the Travel & Leisure industry median of 5.49. TSC India's overall GF Score™ is 16/100 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 TSC India (NSE:TSC), the current ROE % is 2.49% 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.
TSC India Ltd is a travel management company which specializes in providing comprehensive air ticketing services tailored to the requirements of its clients. The Company is focused on serving the B2B and corporate sectors. TSC works in close collaboration with airlines and travel agents to deliver cost-effective and streamlined travel solutions to end user customers. Its operations encompass partnerships with a range of travel service providers, enabling it to manage various aspects of travel planning, including booking air tickets. The company operates in multiple cities across India, including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, reflecting its growing geographical presence.
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