S AL Steel (BOM:532604) ROCE %: 3.48% (As of Mar. 2026)


BOM:532604 S AL Steel Ltd BOM:532604
41 GF Score
Price ₹53.80
GF Value ₹4.25
Valuation Significantly Overvalued
! 12 Warning Signs
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What is S AL Steel ROCE %?

S AL Steel BOM:532604 -1.41% 41 ROCE % is 3.48% as of Mar. 2026. GuruFocus rates BOM:532604 with a GF Score™ of 41/100 and a GF Value™ of ₹4.25 (Significantly Overvalued). The stock has 12 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. S AL Steel's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.48%.

S AL Steel  (BOM:532604) 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.

S AL Steel ROCE % Related Terms

S AL Steel ROCE % Historical Data

* Premium members only.

The historical data trend for S AL Steel'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.

S AL Steel ROCE % Chart

S AL Steel 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 14.15 10.79 7.13 5.06 5.89

S AL Steel 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 -6.55 -17.55 23.53 30.63 3.48
BOM:532604
41GF Score
S AL Steel Ltd BOM:532604
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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S AL Steel ROCE % Calculation

S AL Steel'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 )
=199.2/( ( (3384.458 - 1559.289) + (6214.7 - 1273) )/ 2 )
=199.2/( (1825.169+4941.7)/ 2 )
=199.2/3383.4345
=5.89 %

S AL Steel'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 )
=172/( ( (0 - 0) + (6214.7 - 1273) )/ 1 )
=172/( ( 0 + 4941.7 )/ 1 )
=172/4941.7
=3.48 %

(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 3.48% mean?
S AL Steel (BOM:532604) has a ROCE % of 3.48% as of Mar. 2026.
Is S AL Steel's ROCE % too high?
S AL Steel's current ROCE % is 3.48%. The Steel industry median ROCE % is 5.51. S AL Steel's value of 3.48% is 36.8% below this industry median. Overall, S AL Steel has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S AL Steel's ROCE % compare to NUE and STLD?
S AL Steel's ROCE % of 3.48% can be compared against companies in the Steel industry. The industry median ROCE % is 5.51. S AL Steel's value of 3.48% is 36.8% below 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. S AL Steel's current ROCE % of 3.48% is 36.8% below 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. S AL Steel's current ROCE % is 3.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S AL Steel stock overvalued right now?
Based on GuruFocus' analysis, S AL Steel (BOM:532604) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹4.25, compared to a current price of ₹53.80 — trading 1165.9% above its estimated fair value. The current ROCE % is 3.48% and 36.8% below the Steel industry median of 5.51. S AL Steel's overall GF Score™ is 41/100 with 12 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 S AL Steel (BOM:532604), the current ROCE % is 3.48% 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 S AL Steel (BOM:532604) Overvalued in 2026?

Based on GuruFocus' analysis, S AL Steel stock appears to be overvalued. The current stock price of ₹53.80 is trading 1165.9% above its estimated GF Value™ of ₹4.25. GuruFocus considers S AL Steel to be Significantly Overvalued.

Key valuation signals for BOM:532604:

  • ROCE %: 3.48%
  • GF Value™: ₹4.25 vs. price of ₹53.80 (1165.9% above fair value)
  • GF Score™: 41/100 with 12 warning signs
  • Industry Position: 36.8% below the Steel median

No single metric tells the full story. See the BOM:532604 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

S AL Steel Business Description

Other Exchanges SALSTEEL:India
Address Sola - Kalol Road, Shah Alloys Corporate House, Taluka Kalol, Santej, District Gandhinagar, Gandhinagar, GJ, IND, 382721
S AL Steel Ltd is engaged in manufacturing sponge iron, ferro alloys, iron ore pellets, and various finished steel products. The products manufactured by the company are sold in the domestic market as well as the international market. In addition, the company is also involved in generating 40 MW of power from waste Heat recovery Boiler and Fluidized Bed Combustion boiler at an economic price. Power generated is used for captive consumption, and surplus power is sold. Its primary reportable business segments are Iron and Steel and Power. Geographically, the company currently derives all of its revenue from India.
41GF Score

Get the complete analysis for BOM:532604

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

₹53.80
Price
₹4.25
GF Value