Ashoka Refineries (BOM:526983) ROCE %: -6.35% (As of Mar. 2026)

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BOM:526983 Ashoka Refineries Ltd BOM:526983
22 GF Score
Price ₹14.74
GF Value ₹0.37
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Ashoka Refineries ROCE %?

Ashoka Refineries BOM:526983 22 ROCE % is -6.35% as of Mar. 2026. GuruFocus rates BOM:526983 with a GF Score™ of 22/100 and a GF Value™ of ₹0.37 (Significantly 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. Ashoka Refineries's annualized ROCE % for the quarter that ended in Mar. 2026 was -6.35%.

Ashoka Refineries  (BOM:526983) 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.

Ashoka Refineries ROCE % Related Terms

Ashoka Refineries ROCE % Historical Data

* Premium members only.

The historical data trend for Ashoka Refineries'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.

Ashoka Refineries ROCE % Chart

Ashoka Refineries 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 7.94 4.03 0.88 -5.94 -5.81

Ashoka Refineries 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 -7.48 -5.42 -5.51 -6.00 -6.35
BOM:526983
22GF Score
Ashoka Refineries Ltd BOM:526983
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ashoka Refineries ROCE % Calculation

Ashoka Refineries'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 )
=-1.548/( ( (27.57 - 0.247) + (26.546 - 0.541) )/ 2 )
=-1.548/( (27.323+26.005)/ 2 )
=-1.548/26.664
=-5.81 %

Ashoka Refineries'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 )
=-1.652/( ( (0 - 0) + (26.546 - 0.541) )/ 1 )
=-1.652/( ( 0 + 26.005 )/ 1 )
=-1.652/26.005
=-6.35 %

(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 -6.35% mean?
Ashoka Refineries (BOM:526983) has a ROCE % of -6.35% as of Mar. 2026.
Is Ashoka Refineries' ROCE % too high?
Ashoka Refineries' current ROCE % is -6.35%. Overall, Ashoka Refineries has a GF Score™ of 22/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashoka Refineries' ROCE % compare to HON and MMM?
Ashoka Refineries' ROCE % of -6.35% can be compared against companies in the Conglomerates industry. The industry median ROCE % is 6.96. 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 Conglomerates company?
The median ROCE % among Conglomerates companies is 6.96, based on 562 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 Conglomerates industry, the median ROCE % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashoka Refineries's current ROCE % is -6.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashoka Refineries stock overvalued right now?
Based on GuruFocus' analysis, Ashoka Refineries (BOM:526983) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.37, compared to a current price of ₹14.74 — trading 3883.8% above its estimated fair value. The current ROCE % is -6.35%. Ashoka Refineries' overall GF Score™ is 22/100 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 Ashoka Refineries (BOM:526983), the current ROCE % is -6.35% 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 Ashoka Refineries (BOM:526983) Overvalued in 2026?

Based on GuruFocus' analysis, Ashoka Refineries stock appears to be overvalued. The current stock price of ₹14.74 is trading 3883.8% above its estimated GF Value™ of ₹0.37. GuruFocus considers Ashoka Refineries to be Significantly Overvalued.

Key valuation signals for BOM:526983:

  • ROCE %: -6.35%
  • GF Value™: ₹0.37 vs. price of ₹14.74 (3883.8% above fair value)
  • GF Score™: 22/100 with 4 warning signs

No single metric tells the full story. See the BOM:526983 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ashoka Refineries Business Description

Address 408, Wallfort Ozone, Fafadih, Raipur, CT, IND, 492001
Ashoka Refineries Ltd is engaged in the trading of goods and providing consultancy services. The company generates all of its revenue from the sale of goods.
22GF Score

Get the complete analysis for BOM:526983

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

₹14.74
Price
₹0.37
GF Value