Maharashtra Seamless (BOM:500265) ROCE % : 15.83% (As of Dec. 2024)

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What is Maharashtra Seamless ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Maharashtra Seamless's annualized ROCE % for the quarter that ended in Dec. 2024 was 15.83%.

Maharashtra Seamless ROCE % Historical Data

The historical data trend for Maharashtra Seamless's ROCE % can be seen below:

* 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.

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Maharashtra Seamless ROCE % Chart

Maharashtra Seamless Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.24

5.21

12.36

19.27

21.38

Maharashtra Seamless Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															26.87	18.54	10.31	18.37	15.83

Maharashtra Seamless ROCE % Calculation

Maharashtra Seamless's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	12264.6	/	( ( (58587.6 - 5432.8)	+	(65878.5 - 4300.9) )	/ 2 )
	=	12264.6	/	( (53154.8	+	61577.6)	/ 2 )
	=	12264.6	/	57366.2
	=	21.38 %

Maharashtra Seamless's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	10090.8	/	( ( (68273 - 4546.6)	+	(0 - 0) )	/ 1 )
	=	10090.8	/	( ( 63726.4	+	0 )	/ 1 )
	=	10090.8	/	63726.4
	=	15.83 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Maharashtra Seamless (BOM:500265) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Maharashtra Seamless ROCE % Related Terms

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Maharashtra Seamless Business Description

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MAHSEAMLES:India

Address

5 Pusa Road, 2nd Floor, New Delhi, IND, 110 005

Website

https://www.jindal.com

Maharashtra Seamless Ltd is a steel pipe and tube manufacturer. The company's product portfolio consists of Electric Resistance Welded pipes which include Black and Galvanized pipes sold under the brand Jindal Star and Seamless Pipes and Tubes which include Hot finished, Cold drawn, and Pilgered pipes. Its products are used in various applications and sectors like Oil and Gas, Hydrocarbon, Power, Agriculture, Housing, and Infrastructure, among others. Its segments consist of Steel Pipes and Tubes and Power-Electricity, Rig, and Others. The majority of the revenue is derived from the sale of Steel Pipes and Tubes.

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