Associated Ceramics (BOM:531168) ROCE %: -4.34% (As of Mar. 2026)

What is Associated Ceramics ROCE %?

Associated Ceramics BOM:531168 +2.83% 69 ROCE % is -4.34% as of Mar. 2026. GuruFocus rates BOM:531168 with a GF Score™ of 69/100 and a GF Value™ of ₹229.18 (Modestly 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. Associated Ceramics's annualized ROCE % for the quarter that ended in Mar. 2026 was -4.34%.

Associated Ceramics (BOM:531168) 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.

Associated Ceramics ROCE % Related Terms

Associated Ceramics ROCE % Historical Data

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The historical data trend for Associated Ceramics'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.

Associated Ceramics ROCE % Chart

Associated Ceramics Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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22.74

23.11

7.79

15.25

11.08

Associated Ceramics 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															13.82	16.46	31.49	-0.09	-4.34

69GF Score

Associated Ceramics Ltd BOM:531168

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

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Associated Ceramics ROCE % Calculation

Associated Ceramics'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 )
	=	28.904	/	( ( (456.565 - 205.337)	+	(392.207 - 121.754) )	/ 2 )
	=	28.904	/	( (251.228	+	270.453)	/ 2 )
	=	28.904	/	260.8405
	=	11.08 %

Associated Ceramics'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 )
	=	-11.732	/	( ( (0 - 0)	+	(392.207 - 121.754) )	/ 1 )
	=	-11.732	/	( ( 0	+	270.453 )	/ 1 )
	=	-11.732	/	270.453
	=	-4.34 %

(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 -4.34% mean?

Associated Ceramics (BOM:531168) has a ROCE % of -4.34% as of Mar. 2026.

Is Associated Ceramics' ROCE % too high?

Associated Ceramics' current ROCE % is -4.34%. Overall, Associated Ceramics has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Associated Ceramics' ROCE % compare to CRH and VMC?

Associated Ceramics' ROCE % of -4.34% can be compared against companies in the Building Materials industry. The industry median ROCE % is 5.94. 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 Building Materials company?

The median ROCE % among Building Materials companies is 5.94, based on 405 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 Building Materials industry, the median ROCE % is 5.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Ceramics's current ROCE % is -4.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Associated Ceramics stock overvalued right now?

Based on GuruFocus' analysis, Associated Ceramics (BOM:531168) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹229.18, compared to a current price of ₹167.15 — trading 27.1% below its estimated fair value. The current ROCE % is -4.34%. Associated Ceramics' overall GF Score™ is 69/100 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 Associated Ceramics (BOM:531168), the current ROCE % is -4.34% 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 Associated Ceramics (BOM:531168) Overvalued in 2026?

Based on GuruFocus' analysis, Associated Ceramics stock appears to be undervalued. The current stock price of ₹167.15 is trading 27.1% below its estimated GF Value™ of ₹229.18. GuruFocus considers Associated Ceramics to be Modestly Undervalued.

Key valuation signals for BOM:531168:

ROCE %: -4.34%
GF Value™: ₹229.18 vs. price of ₹167.15 (27.1% below fair value)
GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the BOM:531168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Associated Ceramics Business Description

Industry Basic Materials Building Materials

Comparable Companies BOM:518053 BOM:518011 BOM:530267 BOM:531049 BOM:541634 NSE:SPRL BOM:531129 BOM:539599 BOM:540072 BOM:531778 CRH XSWX:HOLN SHSE:600176 VMC XTER:HEI MLM BOM:532538 XSWX:AMRZ NSE:GRASIM MEX:CEMEXCPO

Address 17, Ganesh Chandra Avenue, 4th Floor, Kolkata, WB, IND, 700013

Website https://www.associatedceremics.com

Associated Ceramics Ltd is mainly engaged in the manufacture and sale of refractory items. The company is involved in refractory and pottery work, the buying and selling of minerals and mineral products, and trading in cement, lime, and stone. It operates in two segments: refractory items and solar energy. The majority of its revenue comes from refractory items.

69GF Score

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

₹167.15

Price

₹229.18

GF Value

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