Suraj (BOM:531638) ROCE %: 14.53% (As of Mar. 2026)

What is Suraj ROCE %?

Suraj BOM:531638 68 ROCE % is 14.53% as of Mar. 2026. GuruFocus rates BOM:531638 with a GF Score™ of 68/100 and a GF Value™ of ₹206.36 (Modestly Overvalued). 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. Suraj's annualized ROCE % for the quarter that ended in Mar. 2026 was 14.53%.

Suraj (BOM:531638) 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.

Suraj ROCE % Related Terms

Suraj ROCE % Historical Data

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The historical data trend for Suraj'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.

Suraj ROCE % Chart

Suraj Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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10.56

32.74

29.89

17.78

10.74

Suraj 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															-16.03	13.54	6.63	8.90	14.53

68GF Score

Suraj Ltd BOM:531638

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

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Suraj ROCE % Calculation

Suraj'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 )
	=	148.569	/	( ( (2224.713 - 870.677)	+	(2260.15 - 847.314) )	/ 2 )
	=	148.569	/	( (1354.036	+	1412.836)	/ 2 )
	=	148.569	/	1383.436
	=	10.74 %

Suraj'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 )
	=	205.248	/	( ( (0 - 0)	+	(2260.15 - 847.314) )	/ 1 )
	=	205.248	/	( ( 0	+	1412.836 )	/ 1 )
	=	205.248	/	1412.836
	=	14.53 %

(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 14.53% mean?

Suraj (BOM:531638) has a ROCE % of 14.53% as of Mar. 2026.

Is Suraj's ROCE % too high?

Suraj's current ROCE % is 14.53%. The Steel industry median ROCE % is 5.52. Suraj's value of 14.53% is 163.2% above this industry median. Overall, Suraj has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Suraj's ROCE % compare to NUE and STLD?

Suraj's ROCE % of 14.53% can be compared against companies in the Steel industry. The industry median ROCE % is 5.52. Suraj's value of 14.53% is 163.2% 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. Suraj's current ROCE % of 14.53% is 163.2% 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. Suraj's current ROCE % is 14.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Suraj stock overvalued right now?

Based on GuruFocus' analysis, Suraj (BOM:531638) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹206.36, compared to a current price of ₹244.90 — trading 18.7% above its estimated fair value. The current ROCE % is 14.53% and 163.2% above the Steel industry median of 5.52. Suraj's overall GF Score™ is 68/100 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 Suraj (BOM:531638), the current ROCE % is 14.53% 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 Suraj (BOM:531638) Overvalued in 2026?

Based on GuruFocus' analysis, Suraj stock appears to be overvalued. The current stock price of ₹244.90 is trading 18.7% above its estimated GF Value™ of ₹206.36. GuruFocus considers Suraj to be Modestly Overvalued.

Key valuation signals for BOM:531638:

ROCE %: 14.53%
GF Value™: ₹206.36 vs. price of ₹244.90 (18.7% above fair value)
GF Score™: 68/100 with 3 warning signs
Industry Position: 163.2% above the Steel median

No single metric tells the full story. See the BOM:531638 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Suraj Business Description

Industry Basic Materials Steel

Comparable Companies BOM:544541 NSE:VRAJ BOM:513544 BOM:533275 BOM:533270 BOM:539044 BOM:534733 NSE:BMWVENTLTD NSE:PSRAJ BOM:504731 NUE XAMS:MT STLD BOM:500228 NSE:TATASTEEL RS TSE:5401 SHSE:600019 XKRX:005490 SHSE:600010

Other Exchanges SURAJLTD:India

Address Ashram road, Opposite Usmanpura Garden, Suraj House, Ahmedabad, GJ, IND, 380014

Website https://www.surajgroup.com

Suraj Ltd is manufacturer of Stainless-Steel Seamless Pipes, Tubes and "U" Tubes, Flanges & Fittings with Electro polishing having plants at Thol and Chandarda, Mehsana, Gujarat. Its products find application in important industry segments like pharmaceuticals, dyes & pigments, Oil, Gas, Refinery, etc. The Company has only one segment. The company's products are Seamless Heat Exchanger Tubes, Seamless Heat Exchanger 'U'-Tubes, Seamless Instrumentation Tubes, Seamless Pipes, Seamless Buttweld Fittings, Flanges & Stubends, Forged Rings, Carbon Steel Tubes, Copper and Aluminum Recycling, and Precision Steel Tubes.

68GF Score

Get the complete analysis for BOM:531638

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

₹244.90

Price

₹206.36

GF Value

View BOM:531638 Analysis

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