Welcast Steels (BOM:504988) ROCE %: 24.11% (As of Mar. 2026)


BOM:504988 Welcast Steels Ltd BOM:504988
57 GF Score
Price ₹711.00
GF Value ₹586.81
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Welcast Steels ROCE %?

Welcast Steels BOM:504988 +3.03% 57 ROCE % is 24.11% as of Mar. 2026. GuruFocus rates BOM:504988 with a GF Score™ of 57/100 and a GF Value™ of ₹586.81 (Modestly Overvalued). The stock has 4 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. Welcast Steels's annualized ROCE % for the quarter that ended in Mar. 2026 was 24.11%.

Welcast Steels  (BOM:504988) 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.

Welcast Steels ROCE % Related Terms

Welcast Steels ROCE % Historical Data

* Premium members only.

The historical data trend for Welcast Steels'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.

Welcast Steels ROCE % Chart

Welcast Steels Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.07 11.48 18.59 -0.70 -12.87

Welcast Steels 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.73 -3.87 -37.52 -34.30 24.11
BOM:504988
57GF Score
Welcast Steels Ltd BOM:504988
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Welcast Steels ROCE % Calculation

Welcast Steels'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 )
=-48.031/( ( (476.776 - 74.542) + (356.005 - 11.81) )/ 2 )
=-48.031/( (402.234+344.195)/ 2 )
=-48.031/373.2145
=-12.87 %

Welcast Steels'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 )
=82.988/( ( (0 - 0) + (356.005 - 11.81) )/ 1 )
=82.988/( ( 0 + 344.195 )/ 1 )
=82.988/344.195
=24.11 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 24.11% mean?
Welcast Steels (BOM:504988) has a ROCE % of 24.11% as of Mar. 2026.
Is Welcast Steels' ROCE % too high?
Welcast Steels' current ROCE % is 24.11%. The Steel industry median ROCE % is 5.52. Welcast Steels' value of 24.11% is 336.8% above this industry median. Overall, Welcast Steels has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Welcast Steels' ROCE % compare to NUE and STLD?
Welcast Steels' ROCE % of 24.11% can be compared against companies in the Steel industry. The industry median ROCE % is 5.52. Welcast Steels' value of 24.11% is 336.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Steel company?
The median ROCE % among Steel companies is 5.52, based on 619 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. Welcast Steels's current ROCE % of 24.11% is 336.8% above the industry median. 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 Steel industry, the median ROCE % is 5.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Welcast Steels's current ROCE % is 24.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Welcast Steels stock overvalued right now?
Based on GuruFocus' analysis, Welcast Steels (BOM:504988) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹586.81, compared to a current price of ₹711.00 — trading 21.2% above its estimated fair value. The current ROCE % is 24.11% and 336.8% above the Steel industry median of 5.52. Welcast Steels' overall GF Score™ is 57/100 with 4 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 Welcast Steels (BOM:504988), the current ROCE % is 24.11% 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 Welcast Steels (BOM:504988) Overvalued in 2026?

Based on GuruFocus' analysis, Welcast Steels stock appears to be overvalued. The current stock price of ₹711.00 is trading 21.2% above its estimated GF Value™ of ₹586.81. GuruFocus considers Welcast Steels to be Modestly Overvalued.

Key valuation signals for BOM:504988:

  • ROCE %: 24.11%
  • GF Value™: ₹586.81 vs. price of ₹711.00 (21.2% above fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 336.8% above the Steel median

No single metric tells the full story. See the BOM:504988 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Welcast Steels Business Description

Address Plot No. 15, Phase I, Peenya Industrial Area, Banglore, KA, IND, 560 058
Welcast Steels Ltd is engaged in the manufacturing and marketing of chrome grinding media balls. The company products are used in the Cement and Mining Industry. It exports its products to other countries like the USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, Oman, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria, and Vietnam. The company mainly operates in only one segment namely the manufacturing of High Chrome Grinding Media Balls and generates revenue from the same.
57GF Score

Get the complete analysis for BOM:504988

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

₹711.00
Price
₹586.81
GF Value