Fujiyama Power Systems (NSE:UTLSOLAR) ROE %: 33.40% (As of Mar. 2026) — 60% Above Median


NSE:UTLSOLAR Fujiyama Power Systems Ltd NSE:UTLSOLAR
18 GF Score
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What is Fujiyama Power Systems ROE %?

Fujiyama Power Systems NSE:UTLSOLAR -1.48% 18 ROE % is 33.40% as of Mar. 2026, which is 60% above its 10-year median of 20.94. GuruFocus rates NSE:UTLSOLAR with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,001 Semiconductors companies, Fujiyama Power Systems ranks better than 94.01% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Fujiyama Power Systems's annualized net income for the quarter that ended in Mar. 2026 was ₹4,253 Mil. Fujiyama Power Systems's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹12,734 Mil. Therefore, Fujiyama Power Systems's annualized ROE % for the quarter that ended in Mar. 2026 was 33.40%.

The historical rank and industry rank for Fujiyama Power Systems's ROE % or its related term are showing as below:

NSE:UTLSOLAR' s ROE % Range Over the Past 10 Years
Min: 13.02   Med: 20.94   Max: 49.13
Current: 33.9

During the past 5 years, Fujiyama Power Systems's highest ROE % was 49.13%. The lowest was 13.02%. And the median was 20.94%.

NSE:UTLSOLAR's ROE % is ranked better than
94.01% of 1001 companies
in the Semiconductors industry
Industry Median: 4.6 vs NSE:UTLSOLAR: 33.90

Fujiyama Power Systems  (NSE:UTLSOLAR) 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:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=4252.92/12733.56
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4252.92 / 36030.92)*(36030.92 / 23435.56)*(23435.56 / 12733.56)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.8 %*1.5374*1.8405
=ROA %*Equity Multiplier
=18.14 %*1.8405
=33.40 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=4252.92/12733.56
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (4252.92 / 5764.6) * (5764.6 / 6034.52) * (6034.52 / 36030.92) * (36030.92 / 23435.56) * (23435.56 / 12733.56)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7378 * 0.9553 * 16.75 % * 1.5374 * 1.8405
=33.40 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.


Fujiyama Power Systems ROE % Related Terms


Fujiyama Power Systems ROE % Historical Data

* Premium members only.

The historical data trend for Fujiyama Power Systems'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.

Fujiyama Power Systems ROE % Chart

Fujiyama Power Systems Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
15.76 13.02 20.94 49.13 36.42

Fujiyama Power Systems Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Jun25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only 38.12 51.65 62.73 57.98 33.40

NSE:UTLSOLAR vs FSLR, NXT, ENPH: ROE % Comparison

For the Solar subindustry, Fujiyama Power Systems'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.


Fujiyama Power Systems ROE % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Fujiyama Power Systems's ROE % distribution charts can be found below:

* The bar in red indicates where Fujiyama Power Systems's ROE % falls into.


NSE:UTLSOLAR
18GF Score
Fujiyama Power Systems Ltd NSE:UTLSOLAR
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Fujiyama Power Systems ROE % Calculation

Fujiyama Power Systems's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=3041.25/( (3968.24+12733.56)/ 2 )
=3041.25/8350.9
=36.42 %

Fujiyama Power Systems's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=4252.92/( (0+12733.56)/ 1 )
=4252.92/12733.56
=33.40 %

* 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 four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 33.40% mean?
Fujiyama Power Systems (NSE:UTLSOLAR) has a ROE % of 33.40% 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 Fujiyama Power Systems and its competitors. This is 60% above median its historical median of 20.94. Over the past decade, Fujiyama Power Systems' ROE % has ranged from 13.02 to 49.13. According to the industry distribution chart, Fujiyama Power Systems ranks #60 out of 1001 companies in the Semiconductors industry, placing it in the top 6%.
Is Fujiyama Power Systems' ROE % too high?
Fujiyama Power Systems' current ROE % of 33.40% is 60% above median its 10-year median of 20.94. Over the past 10 years, this metric has ranged from a low of 13.02 to a high of 49.13. The Semiconductors industry median ROE % is 4.60. Fujiyama Power Systems' value of 33.40% is 626.1% above this industry median. Based on the distribution chart, Fujiyama Power Systems ranks #60 out of 1001 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Fujiyama Power Systems has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Fujiyama Power Systems' ROE % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Fujiyama Power Systems ranks #60 out of 1001 companies for ROE %. This places Fujiyama Power Systems in the top 6% of its industry — outperforming the majority of peers. The industry median ROE % is 4.60. Fujiyama Power Systems' value of 33.40% is 626.1% above this benchmark. Historically, Fujiyama Power Systems' own ROE % has ranged from 13.02 to 49.13 over the past decade. While the company's 10-year median is 20.94 vs. the industry median of 4.60, Fujiyama Power Systems 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 Semiconductors company?
The median ROE % among Semiconductors companies is 4.60, based on 1,001 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. Fujiyama Power Systems's current ROE % of 33.40% is 626.1% 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 Fujiyama Power Systems and its competitors. For the Semiconductors industry, the median ROE % is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujiyama Power Systems's current ROE % is 33.40%, which is 60% above median its own 10-year median of 20.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujiyama Power Systems stock overvalued right now?
Fujiyama Power Systems (NSE:UTLSOLAR) has a current ROE % of 33.40%. The current ROE % is 33.40%, which is 60% above median its 10-year median of 20.94 and 626.1% above the Semiconductors industry median of 4.60. Fujiyama Power Systems' overall GF Score™ is 18/100 with 3 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 Fujiyama Power Systems (NSE:UTLSOLAR), the current ROE % is 33.40% 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.

Fujiyama Power Systems Business Description

Other Exchanges 544613:India
Address Sat Guru Ram Singh Marg, Near Metro Station, 53A/6 Industrial Area, Near NDPL Grid Office, Delhi, IND, 110015
Fujiyama Power Systems Ltd is a manufacturer of products and solution provider in the roof-top solar industry, including on-grid, off-grid and hybrid solar systems. The company operates under its brands 'UTL Solar' and 'Fujiyama Solar'. Its offerings include solar PCUs, solar off-grid, on-grid and hybrid inverters, solar panels, pulse width modulation (PWM) chargers and other battery chargers, lithium-ion and tubular batteries, online uninterruptible power supply systems, offline UPS systems, solar management units and solar charge controllers. Additionally, the company provides chargers for three-wheeler electric autorickshaws (E-Rickshaws) and lithium-ion batteries. The company generates the majority of its revenue from the sales of its Solar Panels.
18GF Score

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