Garg Furnace (BOM:530615) ROCE %: 10.56% (As of Mar. 2026)


BOM:530615 Garg Furnace Ltd BOM:530615
68 GF Score
Price ₹114.55
GF Value ₹178.72
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Garg Furnace ROCE %?

Garg Furnace BOM:530615 -0.39% 68 ROCE % is 10.56% as of Mar. 2026. GuruFocus rates BOM:530615 with a GF Score™ of 68/100 and a GF Value™ of ₹178.72 (Significantly Undervalued). 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. Garg Furnace's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.56%.

Garg Furnace  (BOM:530615) 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.

Garg Furnace ROCE % Related Terms

Garg Furnace ROCE % Historical Data

* Premium members only.

The historical data trend for Garg Furnace'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.

Garg Furnace ROCE % Chart

Garg Furnace 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 33.29 24.90 15.23 13.59 11.47

Garg Furnace 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 20.75 7.97 9.18 12.56 10.56
BOM:530615
68GF Score
Garg Furnace Ltd BOM:530615
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Garg Furnace ROCE % Calculation

Garg Furnace'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 )
=119.327/( ( (779.168 - 141.976) + (1647.03 - 203.994) )/ 2 )
=119.327/( (637.192+1443.036)/ 2 )
=119.327/1040.114
=11.47 %

Garg Furnace'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 )
=152.364/( ( (0 - 0) + (1647.03 - 203.994) )/ 1 )
=152.364/( ( 0 + 1443.036 )/ 1 )
=152.364/1443.036
=10.56 %

(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 10.56% mean?
Garg Furnace (BOM:530615) has a ROCE % of 10.56% as of Mar. 2026.
Is Garg Furnace's ROCE % too high?
Garg Furnace's current ROCE % is 10.56%. The Steel industry median ROCE % is 5.51. Garg Furnace's value of 10.56% is 91.7% above this industry median. Overall, Garg Furnace has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Garg Furnace's ROCE % compare to NUE and STLD?
Garg Furnace's ROCE % of 10.56% can be compared against companies in the Steel industry. The industry median ROCE % is 5.51. Garg Furnace's value of 10.56% is 91.7% 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 5.51, based on 620 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. Garg Furnace's current ROCE % of 10.56% is 91.7% 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 5.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garg Furnace's current ROCE % is 10.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garg Furnace stock overvalued right now?
Based on GuruFocus' analysis, Garg Furnace (BOM:530615) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹178.72, compared to a current price of ₹114.55 — trading 35.9% below its estimated fair value. The current ROCE % is 10.56% and 91.7% above the Steel industry median of 5.51. Garg Furnace's overall GF Score™ is 68/100 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 Garg Furnace (BOM:530615), the current ROCE % is 10.56% 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 Garg Furnace (BOM:530615) Overvalued in 2026?

Based on GuruFocus' analysis, Garg Furnace stock appears to be undervalued. The current stock price of ₹114.55 is trading 35.9% below its estimated GF Value™ of ₹178.72. GuruFocus considers Garg Furnace to be Significantly Undervalued.

Key valuation signals for BOM:530615:

  • ROCE %: 10.56%
  • GF Value™: ₹178.72 vs. price of ₹114.55 (35.9% below fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 91.7% above the Steel median

No single metric tells the full story. See the BOM:530615 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Garg Furnace Business Description

Address Kanganwal Road, G.T. Road, V.P.O. Jugiana, Ludhiana, PB, IND, 141120
Garg Furnace Ltd is an India-based company. It is engaged in the manufacturing and trading of alloy and non-alloy steel ingots, wire rods, wire round, mig wire, and casting of iron products. The company operates in a single reportable segment which is the business of manufacturing of Iron and Steel Products such as M.S. Round Ingot, Wire Rod, etc. Geographically, it operates only in India.
68GF Score

Get the complete analysis for BOM:530615

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

₹114.55
Price
₹178.72
GF Value