The Ret. on assets of Grand Foundry Ltd. is -10.94%
Return on assets indicates how profitable a company’s assets are in generating revenue. It is computed by dividing net income by average total assets.
ttm (trailing twelve months)
The return on assets (ROA) tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. It's a useful number for comparing competing companies in the same industry. The number will vary widely across different industries. Return on assets gives an indication of the capital intensity of the company, which will depend on the industry; companies that require large initial investments will generally have lower return on assets. ROAs over 5% are generally considered good.
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.