Minal Industries (BOM:522235) ROCE %: 10.94% (As of Mar. 2026)


BOM:522235 Minal Industries Ltd BOM:522235
58 GF Score
Price ₹2.42
GF Value ₹3.96
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Minal Industries ROCE %?

Minal Industries BOM:522235 -0.41% 58 ROCE % is 10.94% as of Mar. 2026. GuruFocus rates BOM:522235 with a GF Score™ of 58/100 and a GF Value™ of ₹3.96 (Significantly Undervalued). The stock has 3 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. Minal Industries's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.94%.

Minal Industries  (BOM:522235) 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.

Minal Industries ROCE % Related Terms

Minal Industries ROCE % Historical Data

* Premium members only.

The historical data trend for Minal Industries'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.

Minal Industries ROCE % Chart

Minal Industries 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 1.75 2.25 -2.41 6.04 1.42

Minal Industries 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 19.97 4.39 -7.32 -5.42 10.94
BOM:522235
58GF Score
Minal Industries Ltd BOM:522235
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Minal Industries ROCE % Calculation

Minal Industries'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 )
=10.115/( ( (851.559 - 133.452) + (877.307 - 170.89) )/ 2 )
=10.115/( (718.107+706.417)/ 2 )
=10.115/712.262
=1.42 %

Minal Industries'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 )
=77.248/( ( (0 - 0) + (877.307 - 170.89) )/ 1 )
=77.248/( ( 0 + 706.417 )/ 1 )
=77.248/706.417
=10.94 %

(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 10.94% mean?
Minal Industries (BOM:522235) has a ROCE % of 10.94% as of Mar. 2026.
Is Minal Industries' ROCE % too high?
Minal Industries' current ROCE % is 10.94%. The Retail - Cyclical industry median ROCE % is 7.60. Minal Industries' value of 10.94% is 44% above this industry median. Overall, Minal Industries has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Minal Industries' ROCE % compare to TPR?
Minal Industries' ROCE % of 10.94% can be compared against companies in the Retail - Cyclical industry. The industry median ROCE % is 7.60. Minal Industries' value of 10.94% is 44% 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 Retail - Cyclical company?
The median ROCE % among Retail - Cyclical companies is 7.60, based on 1,112 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. Minal Industries's current ROCE % of 10.94% is 44% 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 Retail - Cyclical industry, the median ROCE % is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minal Industries's current ROCE % is 10.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minal Industries stock overvalued right now?
Based on GuruFocus' analysis, Minal Industries (BOM:522235) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹3.96, compared to a current price of ₹2.42 — trading 38.9% below its estimated fair value. The current ROCE % is 10.94% and 44% above the Retail - Cyclical industry median of 7.60. Minal Industries' overall GF Score™ is 58/100 with 3 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 Minal Industries (BOM:522235), the current ROCE % is 10.94% 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 Minal Industries (BOM:522235) Overvalued in 2026?

Based on GuruFocus' analysis, Minal Industries stock appears to be undervalued. The current stock price of ₹2.42 is trading 38.9% below its estimated GF Value™ of ₹3.96. GuruFocus considers Minal Industries to be Significantly Undervalued.

Key valuation signals for BOM:522235:

  • ROCE %: 10.94%
  • GF Value™: ₹3.96 vs. price of ₹2.42 (38.9% below fair value)
  • GF Score™: 58/100 with 3 warning signs
  • Industry Position: 44% above the Retail - Cyclical median

No single metric tells the full story. See the BOM:522235 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Minal Industries Business Description

Address Off Sakivihar Road, 603- l Minal Co-Op Hsg So Ltd, Andheri (East), Mumbai, MH, IND, 400072
Minal Industries Ltd is a diamantaire, jewelry, and engineering company. The company is engaged in the business of manufacturing and selling gold jewelry, diamond-studded jewelry, and silver articles. Geographically, it derives a majority of its revenue from India. The company has one reportable segment, which is Manufacturing and Trading of Gems and Jewelry.
58GF Score

Get the complete analysis for BOM:522235

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

₹2.42
Price
₹3.96
GF Value