NMDC Steel (BOM:543768) ROCE %: 14.52% (As of Mar. 2026)


BOM:543768 NMDC Steel Ltd BOM:543768
51 GF Score
Price ₹43.71
GF Value ₹70.64
Valuation Possible Value Trap
! 3 Warning Signs
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What is NMDC Steel ROCE %?

NMDC Steel BOM:543768 -2.02% 51 ROCE % is 14.52% as of Mar. 2026. GuruFocus rates BOM:543768 with a GF Score™ of 51/100 and a GF Value™ of ₹70.64 (Possible Value Trap). 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. NMDC Steel's annualized ROCE % for the quarter that ended in Mar. 2026 was 14.52%.

NMDC Steel  (BOM:543768) 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.

NMDC Steel ROCE % Related Terms

NMDC Steel ROCE % Historical Data

* Premium members only.

The historical data trend for NMDC 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.

NMDC Steel ROCE % Chart

NMDC Steel Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 -8.20 -13.08 3.25

NMDC Steel Quarterly Data
Mar19 Mar20 Mar21 Mar22 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 -10.60 3.66 -1.20 -3.01 14.52
BOM:543768
51GF Score
NMDC Steel Ltd BOM:543768
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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NMDC Steel ROCE % Calculation

NMDC 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 )
=5624.2/( ( (284697.4 - 99033.2) + (282372.8 - 121952.6) )/ 2 )
=5624.2/( (185664.2+160420.2)/ 2 )
=5624.2/173042.2
=3.25 %

NMDC 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 )
=23300.8/( ( (0 - 0) + (282372.8 - 121952.6) )/ 1 )
=23300.8/( ( 0 + 160420.2 )/ 1 )
=23300.8/160420.2
=14.52 %

(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 14.52% mean?
NMDC Steel (BOM:543768) has a ROCE % of 14.52% as of Mar. 2026.
Is NMDC Steel's ROCE % too high?
NMDC Steel's current ROCE % is 14.52%. The Steel industry median ROCE % is 5.50. NMDC Steel's value of 14.52% is 164% above this industry median. Overall, NMDC Steel has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NMDC Steel's ROCE % compare to NUE and STLD?
NMDC Steel's ROCE % of 14.52% can be compared against companies in the Steel industry. The industry median ROCE % is 5.50. NMDC Steel's value of 14.52% is 164% 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 5.50, based on 621 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. NMDC Steel's current ROCE % of 14.52% is 164% 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 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NMDC Steel's current ROCE % is 14.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMDC Steel stock overvalued right now?
Based on GuruFocus' analysis, NMDC Steel (BOM:543768) is currently considered Possible Value Trap. The stock's GF Value™ is ₹70.64, compared to a current price of ₹43.71 — trading 38.1% below its estimated fair value. The current ROCE % is 14.52% and 164% above the Steel industry median of 5.50. NMDC Steel's overall GF Score™ is 51/100 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 NMDC Steel (BOM:543768), the current ROCE % is 14.52% 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 NMDC Steel (BOM:543768) Overvalued in 2026?

Based on GuruFocus' analysis, NMDC Steel stock appears to be undervalued. The current stock price of ₹43.71 is trading 38.1% below its estimated GF Value™ of ₹70.64. GuruFocus considers NMDC Steel to be Possible Value Trap.

Key valuation signals for BOM:543768:

  • ROCE %: 14.52%
  • GF Value™: ₹70.64 vs. price of ₹43.71 (38.1% below fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 164% above the Steel median

No single metric tells the full story. See the BOM:543768 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NMDC Steel Business Description

Other Exchanges NSLNISP:India
Address Castle Hills, 10-3-311/A, Khanij Bhavan, Masab Tank, Hyderabad, TG, IND, 500028
NMDC Steel Ltd is engaged in the manufacturing of iron and steel products. Its product portfolio comprises hot rolled coils, hot rolled sheets, and plates. The company generates maximum revenue from steel products, followed by pig iron and others. Geographically, it derives all of its revenue from India.
51GF Score

Get the complete analysis for BOM:543768

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

₹43.71
Price
₹70.64
GF Value