Man Industries (India) (BOM:513269) ROCE %: 20.67% (As of Mar. 2026)


BOM:513269 Man Industries (India) Ltd BOM:513269
77 GF Score
Price ₹572.25
GF Value ₹376.96
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Man Industries (India) ROCE %?

Man Industries (India) BOM:513269 -1.84% 77 ROCE % is 20.67% as of Mar. 2026. GuruFocus rates BOM:513269 with a GF Score™ of 77/100 and a GF Value™ of ₹376.96 (Significantly Overvalued). The stock has 10 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. Man Industries (India)'s annualized ROCE % for the quarter that ended in Mar. 2026 was 20.67%.

Man Industries (India)  (BOM:513269) 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.

Man Industries (India) ROCE % Related Terms

Man Industries (India) ROCE % Historical Data

* Premium members only.

The historical data trend for Man Industries (India)'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.

Man Industries (India) ROCE % Chart

Man Industries (India) 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 15.20 9.31 14.06 18.41 18.45

Man Industries (India) 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 28.07 15.17 13.78 19.81 20.67
BOM:513269
77GF Score
Man Industries (India) Ltd BOM:513269
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Man Industries (India) ROCE % Calculation

Man Industries (India)'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 )
=3889.7/( ( (37791.457 - 19849.398) + (50206.1 - 25973.6) )/ 2 )
=3889.7/( (17942.059+24232.5)/ 2 )
=3889.7/21087.2795
=18.45 %

Man Industries (India)'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 )
=5009.6/( ( (0 - 0) + (50206.1 - 25973.6) )/ 1 )
=5009.6/( ( 0 + 24232.5 )/ 1 )
=5009.6/24232.5
=20.67 %

(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 20.67% mean?
Man Industries (India) (BOM:513269) has a ROCE % of 20.67% as of Mar. 2026.
Is Man Industries (India)'s ROCE % too high?
Man Industries (India)'s current ROCE % is 20.67%. The Steel industry median ROCE % is 5.52. Man Industries (India)'s value of 20.67% is 274.5% above this industry median. Overall, Man Industries (India) has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Man Industries (India)'s ROCE % compare to NUE and STLD?
Man Industries (India)'s ROCE % of 20.67% can be compared against companies in the Steel industry. The industry median ROCE % is 5.52. Man Industries (India)'s value of 20.67% is 274.5% 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. Man Industries (India)'s current ROCE % of 20.67% is 274.5% 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. Man Industries (India)'s current ROCE % is 20.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Man Industries (India) stock overvalued right now?
Based on GuruFocus' analysis, Man Industries (India) (BOM:513269) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹376.96, compared to a current price of ₹572.25 — trading 51.8% above its estimated fair value. The current ROCE % is 20.67% and 274.5% above the Steel industry median of 5.52. Man Industries (India)'s overall GF Score™ is 77/100 with 10 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 Man Industries (India) (BOM:513269), the current ROCE % is 20.67% 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 Man Industries (India) (BOM:513269) Overvalued in 2026?

Based on GuruFocus' analysis, Man Industries (India) stock appears to be overvalued. The current stock price of ₹572.25 is trading 51.8% above its estimated GF Value™ of ₹376.96. GuruFocus considers Man Industries (India) to be Significantly Overvalued.

Key valuation signals for BOM:513269:

  • ROCE %: 20.67%
  • GF Value™: ₹376.96 vs. price of ₹572.25 (51.8% above fair value)
  • GF Score™: 77/100 with 10 warning signs
  • Industry Position: 274.5% above the Steel median

No single metric tells the full story. See the BOM:513269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Man Industries (India) Business Description

Other Exchanges MANINDS:India
Address MAN House, 101, S.V. Road, Opposite Pawan Hans, Vile Parle (West), Mumbai, MH, IND, 400056
Man Industries (India) Ltd isengaged in the business of manufacturing, processing and trading of submerged arc welded steel pipes and steel products. It offers the product which includes LSAW HSAW, Coating, ERW, and HIB. In addition, it also caters to its international clients in the oil and gas industry, petrochemicals, water, dredging, fertilizers and part of infrastructure projects.
77GF Score

Get the complete analysis for BOM:513269

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

₹572.25
Price
₹376.96
GF Value