National Oxygen (BOM:507813) ROCE %: -28.78% (As of Mar. 2026)

What is National Oxygen ROCE %?

National Oxygen BOM:507813 +3.80% 39 ROCE % is -28.78% as of Mar. 2026. GuruFocus rates BOM:507813 with a GF Score™ of 39/100 and a GF Value™ of ₹59.44 (Fairly Valued). The stock has 6 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. National Oxygen's annualized ROCE % for the quarter that ended in Mar. 2026 was -28.78%.

National Oxygen (BOM:507813) 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.

National Oxygen ROCE % Related Terms

National Oxygen ROCE % Historical Data

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The historical data trend for National Oxygen'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.

National Oxygen ROCE % Chart

National Oxygen Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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33.45

2.45

-6.55

-26.21

18.14

National Oxygen 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															-52.32	-36.06	156.88	-25.54	-28.78

39GF Score

National Oxygen Ltd BOM:507813

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

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National Oxygen ROCE % Calculation

National Oxygen'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 )
	=	32.492	/	( ( (310.976 - 134.331)	+	(282.589 - 101.051) )	/ 2 )
	=	32.492	/	( (176.645	+	181.538)	/ 2 )
	=	32.492	/	179.0915
	=	18.14 %

National Oxygen'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 )
	=	-52.252	/	( ( (0 - 0)	+	(282.589 - 101.051) )	/ 1 )
	=	-52.252	/	( ( 0	+	181.538 )	/ 1 )
	=	-52.252	/	181.538
	=	-28.78 %

(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 -28.78% mean?

National Oxygen (BOM:507813) has a ROCE % of -28.78% as of Mar. 2026.

Is National Oxygen's ROCE % too high?

National Oxygen's current ROCE % is -28.78%. Overall, National Oxygen has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does National Oxygen's ROCE % compare to LIN and SHW?

National Oxygen's ROCE % of -28.78% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.48. 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 Chemicals company?

The median ROCE % among Chemicals companies is 6.48, based on 1,586 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 Chemicals industry, the median ROCE % is 6.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Oxygen's current ROCE % is -28.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is National Oxygen stock overvalued right now?

Based on GuruFocus' analysis, National Oxygen (BOM:507813) is currently considered Fairly Valued. The stock's GF Value™ is ₹59.44, compared to a current price of ₹61.99 — trading 4.3% above its estimated fair value. The current ROCE % is -28.78%. National Oxygen's overall GF Score™ is 39/100 with 6 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 National Oxygen (BOM:507813), the current ROCE % is -28.78% 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 National Oxygen (BOM:507813) Overvalued in 2026?

Based on GuruFocus' analysis, National Oxygen stock appears to be overvalued. The current stock price of ₹61.99 is trading 4.3% above its estimated GF Value™ of ₹59.44. GuruFocus considers National Oxygen to be Fairly Valued.

Key valuation signals for BOM:507813:

ROCE %: -28.78%
GF Value™: ₹59.44 vs. price of ₹61.99 (4.3% above fair value)
GF Score™: 39/100 with 6 warning signs

No single metric tells the full story. See the BOM:507813 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

National Oxygen Business Description

Industry Basic Materials Chemicals

Comparable Companies BOM:509046 BOM:543934 BOM:544371 BOM:524434 BOM:530401 BOM:523836 BOM:524038 BOM:530133 BOM:507968 BOM:531157 LIN XPAR:AI SHW ECL APD SHSE:603256 XSWX:GIVN TPE:1303 XSWX:SIKA SHSE:600309

Address No. 4 (Old No.149), Montieth Road, Door no. S-1, 2nd Floor, Alsa Mall, Egmore, Chennai, TN, IND, 600 008

Website https://www.nolgroup.com

National Oxygen Ltd is an Indian company engaged in manufacturing industrial gases, such as Oxygen and Nitrogen. It is a supplier of industrial gases both in liquid and gaseous forms. The company's products include Industrial liquid oxygen, Industrial gaseous oxygen, Industrial liquid nitrogen, and dissolved acetylene gas. The product's applications involve blast furnaces, copper smelting, the manufacture of explosives, heart stimulation, cryogenic preservation, and cutting and welding. The group derives key revenue from India.

39GF Score

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

₹61.99

Price

₹59.44

GF Value

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