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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, Shri Hare-Krishna Sponge Iron has a Sloan Ratio of 10.48%, indicating earnings are more likely to be made up of accruals.
Shri Hare-Krishna Sponge Iron Sloan Ratio % Related Terms
Shri Hare-Krishna Sponge Iron Sloan Ratio % 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.
Shri Hare-Krishna Sponge Iron Sloan Ratio % Chart
Shri Hare-Krishna Sponge Iron Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Mar26
Sloan Ratio %
25.30
6.43
32.02
17.68
30.78
Shri Hare-Krishna Sponge Iron Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Mar26
Sloan Ratio %
0.00
0.00
0.00
15.83
10.48
NSE:SHKSIL vs NUE, STLD, RS: Sloan Ratio % Comparison
For the Steel subindustry, Shri Hare-Krishna Sponge Iron's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Hare-Krishna Sponge Iron Sloan Ratio % vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Hare-Krishna Sponge Iron's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Shri Hare-Krishna Sponge Iron's Sloan Ratio % falls into.
Shri Hare-Krishna Sponge Iron Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
* 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.
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a Sloan Ratio % of 10.48% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Shri Hare-Krishna Sponge Iron and its competitors.
Is Shri Hare-Krishna Sponge Iron's Sloan Ratio % too high?
Shri Hare-Krishna Sponge Iron's current Sloan Ratio % is 10.48%. Overall, Shri Hare-Krishna Sponge Iron has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Shri Hare-Krishna Sponge Iron's Sloan Ratio % compare to NUE and STLD?
Shri Hare-Krishna Sponge Iron's Sloan Ratio % of 10.48% can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Steel company?
A good Sloan Ratio % depends on the Steel industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Shri Hare-Krishna Sponge Iron and its competitors. Shri Hare-Krishna Sponge Iron's current Sloan Ratio % is 10.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Hare-Krishna Sponge Iron stock overvalued right now?
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a current Sloan Ratio % of 10.48%. The current Sloan Ratio % is 10.48%. Shri Hare-Krishna Sponge Iron's overall GF Score™ is 23/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Shri Hare-Krishna Sponge Iron (NSE:SHKSIL), the current Sloan Ratio % is 10.48% 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.
Shri Hare-Krishna Sponge Iron Ltd is engaged in the business of manufacturing and selling of Sponge Iron. Sponge iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. Through its sponge iron business, it caters to the metallic requirements of steel producers in selected geographies.
23GF Score
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