Grand Foundry Ret. on equity
What is the Ret. on equity of Grand Foundry?
The Ret. on equity of Grand Foundry Ltd. is 6.85%
What is the definition of Ret. on equity?
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Ret. on equity of companies in the Materials sector on NSE compared to Grand Foundry
What does Grand Foundry do?
Grand Foundry Limited manufactures, markets, and sells stainless steel bright bars and wires in India, the United States, Japan, Singapore, Italy, Australia, and Canada. The company's products are used in various applications in the petrochemical, oil and natural gas, and automotive industries. It also offers pickling and heat treatment line services. Grand Foundry Limited was incorporated in 1973 and is based in Mumbai, India.
Companies with ret. on equity similar to Grand Foundry
- Community Health Systems has Ret. on equity of 6.85%
- Hayward has Ret. on equity of 6.85%
- Harbin Electric has Ret. on equity of 6.85%
- SFK Construction has Ret. on equity of 6.85%
- Greaves Cotton has Ret. on equity of 6.85%
- CHTC Fong's International has Ret. on equity of 6.85%
- Grand Foundry has Ret. on equity of 6.85%
- Royalty Pharma plc has Ret. on equity of 6.85%
- e Samse has Ret. on equity of 6.86%
- Clearwater Paper Corp has Ret. on equity of 6.86%
- PCB Bancorp has Ret. on equity of 6.86%
- Colliers International has Ret. on equity of 6.86%
- Kowloon Development has Ret. on equity of 6.86%