Happy Square Outsourcing ServicesNSE:WHITEFORCE 18 ROE % is 21.93% as of Mar. 2026, which is 70% below its 10-year median of 72.97. GuruFocus rates NSE:WHITEFORCE with a GF Score™ of 18/100. The stock has 5 warning signs investors should review. Among 1,058 Business Services companies, Happy Square Outsourcing Services ranks better than 84.22% on this metric.
NSE:WHITEFORCE'
s ROE % Range Over the Past 10 Years
Min: 21.93 Med: 72.97 Max: 100.82
Current: 21.93
During the past 4 years, Happy Square Outsourcing Services's highest ROE % was 100.82%. The lowest was 21.93%. And the median was 72.97%.
NSE:WHITEFORCE's ROE % is ranked better than 84.22% of 1058
companies
in the Business Services industry
Industry Median: 8.095
vs NSE:WHITEFORCE: 21.93
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 one times the annual (Mar. 2026) net income data. The Revenue data used here is one times the 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.
Happy Square Outsourcing Services ROE % Related Terms
Happy Square Outsourcing Services ROE % Historical Data
* 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.
Happy Square Outsourcing Services ROE % Chart
Happy Square Outsourcing Services Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
ROE %
83.54
100.82
62.40
21.93
Happy Square Outsourcing Services Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
ROE %
83.54
100.82
62.40
21.93
NSE:WHITEFORCE vs KFY, RHI, TNET: ROE % Comparison
For the Staffing & Employment Services subindustry, Happy Square Outsourcing Services'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.
Happy Square Outsourcing Services ROE % vs Business Services Industry
For the Business Services industry and Industrials sector, Happy Square Outsourcing Services's ROE % distribution charts can be found below:
* The bar in red indicates where Happy Square Outsourcing Services'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 one times the annual (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a ROE % of 21.93% 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 Happy Square Outsourcing Services and its competitors. This is 70% below median its historical median of 72.97. Over the past decade, Happy Square Outsourcing Services' ROE % has ranged from 21.93 to 100.82. According to the industry distribution chart, Happy Square Outsourcing Services ranks #167 out of 1058 companies in the Business Services industry, placing it in the top 15.8%.
Is Happy Square Outsourcing Services' ROE % too high?
Happy Square Outsourcing Services' current ROE % of 21.93% is 70% below median its 10-year median of 72.97. Over the past 10 years, this metric has ranged from a low of 21.93 to a high of 100.82. The Business Services industry median ROE % is 8.10. Happy Square Outsourcing Services' value of 21.93% is 170.9% above this industry median. Based on the distribution chart, Happy Square Outsourcing Services ranks #167 out of 1058 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Happy Square Outsourcing Services has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Happy Square Outsourcing Services' ROE % compare to KFY and RHI?
According to the Business Services industry distribution chart, Happy Square Outsourcing Services ranks #167 out of 1058 companies for ROE %. This places Happy Square Outsourcing Services in the top 16% of its industry — outperforming the majority of peers. The industry median ROE % is 8.10. Happy Square Outsourcing Services' value of 21.93% is 170.9% above this benchmark. Historically, Happy Square Outsourcing Services' own ROE % has ranged from 21.93 to 100.82 over the past decade. While the company's 10-year median is 72.97 vs. the industry median of 8.10, Happy Square Outsourcing Services 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 Business Services company?
The median ROE % among Business Services companies is 8.10, based on 1,058 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. Happy Square Outsourcing Services's current ROE % of 21.93% is 170.9% 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 Happy Square Outsourcing Services and its competitors. For the Business Services industry, the median ROE % is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Square Outsourcing Services's current ROE % is 21.93%, which is 70% below median its own 10-year median of 72.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Square Outsourcing Services stock overvalued right now?
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a current ROE % of 21.93%. The current ROE % is 21.93%, which is 70% below median its 10-year median of 72.97 and 170.9% above the Business Services industry median of 8.10. Happy Square Outsourcing Services' overall GF Score™ is 18/100 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 Happy Square Outsourcing Services (NSE:WHITEFORCE), the current ROE % is 21.93% 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.
Happy Square Outsourcing Services Business Description
Happy Square Outsourcing Services Ltd is a technology-based consulting firm, involved in tech-based human resource outsourcing business, which focuses on end-to-end solutions. It offers a wide array of services such as Recruitment, Payroll, Onboarding, and flexible staffing. Its comprehensive network, structured processes, professionalism, and work ethics ensure that the company remains at the top on the domestic scale. The company satisfies firms' staffing and recruitment needs in India through its specialized, rich knowledge.
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