Oil Country Tubular (BOM:500313) ROCE %: -20.22% (As of Mar. 2026)

What is Oil Country Tubular ROCE %?

Oil Country Tubular BOM:500313 -0.05% 52 ROCE % is -20.22% as of Mar. 2026. GuruFocus rates BOM:500313 with a GF Score™ of 52/100 and a GF Value™ of ₹71.34 (Modestly Undervalued). The stock has 2 warning signs investors should review.

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. Oil Country Tubular's annualized ROCE % for the quarter that ended in Mar. 2026 was -20.22%.

Oil Country Tubular (BOM:500313) 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.

Oil Country Tubular ROCE % Related Terms

Oil Country Tubular ROCE % Historical Data

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The historical data trend for Oil Country Tubular'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.

Oil Country Tubular ROCE % Chart

Oil Country Tubular Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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-73.16

39.86

-16.39

-6.29

-19.72

Oil Country Tubular Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															-13.38	-9.30	-23.59	-25.84	-20.22

52GF Score

Oil Country Tubular Ltd BOM:500313

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Oil Country Tubular ROCE % Calculation

Oil Country Tubular's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	-632.802	/	( ( (3820.095 - 352.083)	+	(3137.697 - 187.645) )	/ 2 )
	=	-632.802	/	( (3468.012	+	2950.052)	/ 2 )
	=	-632.802	/	3209.032
	=	-19.72 %

Oil Country Tubular's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	-596.632	/	( ( (0 - 0)	+	(3137.697 - 187.645) )	/ 1 )
	=	-596.632	/	( ( 0	+	2950.052 )	/ 1 )
	=	-596.632	/	2950.052
	=	-20.22 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -20.22% mean?

Oil Country Tubular (BOM:500313) has a ROCE % of -20.22% as of Mar. 2026.

Is Oil Country Tubular's ROCE % too high?

Oil Country Tubular's current ROCE % is -20.22%. Overall, Oil Country Tubular has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Oil Country Tubular's ROCE % compare to SLB and BKR?

Oil Country Tubular's ROCE % of -20.22% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.86. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.86, based on 979 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil Country Tubular's current ROCE % is -20.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Oil Country Tubular stock overvalued right now?

Based on GuruFocus' analysis, Oil Country Tubular (BOM:500313) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹71.34, compared to a current price of ₹59.41 — trading 16.7% below its estimated fair value. The current ROCE % is -20.22%. Oil Country Tubular's overall GF Score™ is 52/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Oil Country Tubular (BOM:500313), the current ROCE % is -20.22% 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.

Is Oil Country Tubular (BOM:500313) Overvalued in 2026?

Based on GuruFocus' analysis, Oil Country Tubular stock appears to be undervalued. The current stock price of ₹59.41 is trading 16.7% below its estimated GF Value™ of ₹71.34. GuruFocus considers Oil Country Tubular to be Modestly Undervalued.

Key valuation signals for BOM:500313:

ROCE %: -20.22%
GF Value™: ₹71.34 vs. price of ₹59.41 (16.7% below fair value)
GF Score™: 52/100 with 2 warning signs

No single metric tells the full story. See the BOM:500313 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Oil Country Tubular Business Description

Industry Energy Oil & Gas

Comparable Companies BOM:544440 BOM:531279 BOM:522014 NSE:PRATHAM NSE:POSITRON BOM:526397 NSE:AAKASH BOM:531471 BOM:543986 BOM:543240 SLB BKR MIL:TEN HAL FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT KGS

Other Exchanges OILCOUNTUB:India

Address King Kothi Road, KAMINENI, 3rd Floor, Hyderabad, TG, IND, 500001

Website https://www.octlindia.com

Oil Country Tubular Ltd is an Indian firm. It is engaged in the business of manufacturing of Casing, Tubing, and Drill Pipe which are used in the Oil and Gas Sector for the drilling and exploration of Oil and Gas. Its product and service offerings are Drill Pipe, Heavy Weight Drill Pipe, Drill Collars, Kellys, Internal Plastic Coating of Drill Pipe and Tubing, and Field Inspection of Tubulars. It serves domestically and exports to Indonesia. It generates maximum revenue by providing OCTG services.

52GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹59.41

Price

₹71.34

GF Value

View BOM:500313 Analysis

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