Magma Fincorp Ret. on equity
What is the Ret. on equity of Magma Fincorp?
The Ret. on equity of Magma Fincorp Limited is -22.62%
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 Finance sector on NSE compared to Magma Fincorp
What does Magma Fincorp do?
Magma Fincorp Limited, a non-banking financial company, provides asset finance services in India. The company offers loans for cars, SMEs, construction equipment, commercial vehicles, tractors, and used vehicles. It also provides housing finance; and auto leasing services. The company operates a network of 314 branches. Magma Fincorp Limited was incorporated in 1978 and is headquartered in Mumbai, India.
Companies with ret. on equity similar to Magma Fincorp
- Replay Acquisition Corp has Ret. on equity of -22.63%
- Sierra Metals Inc has Ret. on equity of -22.63%
- Concord Medical Services has Ret. on equity of -22.63%
- Ørsted A/S has Ret. on equity of -22.63%
- Orsted A/S Dk 10 has Ret. on equity of -22.63%
- International Travel House has Ret. on equity of -22.62%
- Magma Fincorp has Ret. on equity of -22.62%
- PIMCO Strategic Income Fund Inc has Ret. on equity of -22.62%
- Ansal Housing & Construction has Ret. on equity of -22.61%
- Wright Investors Service Hldgs has Ret. on equity of -22.60%
- Xebec Adsorption has Ret. on equity of -22.60%
- Xebec Adsorption has Ret. on equity of -22.60%
- GreenVision Acquisition Corp has Ret. on equity of -22.58%