MJL Bangladesh (DHA:MJLBD) ROCE %: 25.81% (As of Mar. 2026)

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DHA:MJLBD MJL Bangladesh PLC DHA:MJLBD
100 GF Score
Price BDT94.10
GF Value BDT96.24
Valuation Fairly Valued
! 10 Warning Signs
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What is MJL Bangladesh ROCE %?

MJL Bangladesh DHA:MJLBD -0.74% 100 ROCE % is 25.81% as of Mar. 2026. GuruFocus rates DHA:MJLBD with a GF Score™ of 100/100 and a GF Value™ of BDT96.24 (Fairly Valued). The stock has 10 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. MJL Bangladesh's annualized ROCE % for the quarter that ended in Mar. 2026 was 25.81%.

MJL Bangladesh  (DHA:MJLBD) 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.

MJL Bangladesh ROCE % Related Terms

MJL Bangladesh ROCE % Historical Data

* Premium members only.

The historical data trend for MJL Bangladesh'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.

MJL Bangladesh ROCE % Chart

MJL Bangladesh Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.92 13.32 22.97 26.62 33.97

MJL Bangladesh 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 27.62 45.84 25.12 17.48 25.81
DHA:MJLBD
100GF Score
MJL Bangladesh PLC DHA:MJLBD
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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MJL Bangladesh ROCE % Calculation

MJL Bangladesh's annualized ROCE % for the fiscal year that ended in Jun. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=6848.779/( ( (41403.394 - 23384.482) + (47922.645 - 25614.952) )/ 2 )
=6848.779/( (18018.912+22307.693)/ 2 )
=6848.779/20163.3025
=33.97 %

MJL Bangladesh'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 )
=7092.388/( ( (53050.134 - 29333.724) + (63500.971 - 32258.537) )/ 2 )
=7092.388/( ( 23716.41 + 31242.434 )/ 2 )
=7092.388/27479.422
=25.81 %

(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 25.81% mean?
MJL Bangladesh (DHA:MJLBD) has a ROCE % of 25.81% as of Mar. 2026.
Is MJL Bangladesh's ROCE % too high?
MJL Bangladesh's current ROCE % is 25.81%. The Oil & Gas industry median ROCE % is 6.87. MJL Bangladesh's value of 25.81% is 275.7% above this industry median. Overall, MJL Bangladesh has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MJL Bangladesh's ROCE % compare to VLO and MPC?
MJL Bangladesh's ROCE % of 25.81% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.87. MJL Bangladesh's value of 25.81% is 275.7% 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 an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.87, based on 978 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. MJL Bangladesh's current ROCE % of 25.81% is 275.7% 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 Oil & Gas industry, the median ROCE % is 6.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MJL Bangladesh's current ROCE % is 25.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MJL Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, MJL Bangladesh (DHA:MJLBD) is currently considered Fairly Valued. The stock's GF Value™ is BDT96.24, compared to a current price of BDT94.10 — trading 2.2% below its estimated fair value. The current ROCE % is 25.81% and 275.7% above the Oil & Gas industry median of 6.87. MJL Bangladesh's overall GF Score™ is 100/100 with 10 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 MJL Bangladesh (DHA:MJLBD), the current ROCE % is 25.81% 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 MJL Bangladesh (DHA:MJLBD) Overvalued in 2026?

Based on GuruFocus' analysis, MJL Bangladesh stock appears to be undervalued. The current stock price of BDT94.10 is trading 2.2% below its estimated GF Value™ of BDT96.24. GuruFocus considers MJL Bangladesh to be Fairly Valued.

Key valuation signals for DHA:MJLBD:

  • ROCE %: 25.81%
  • GF Value™: BDT96.24 vs. price of BDT94.10 (2.2% below fair value)
  • GF Score™: 100/100 with 10 warning signs
  • Industry Position: 275.7% above the Oil & Gas median

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

MJL Bangladesh Business Description

Industry EnergyOil & Gas
Address Bir Uttam Mir Shawkat Sarak, Mobil House, CWS(A) 13/A, Gulshan Avenue, Dhaka, BGD, 1212
MJL Bangladesh PLC is engaged in the blending and marketing of internationally recognised Mobil-branded lubricants in Bangladesh and is also diversified into lube oil trading and oil tanker operations. The Company serves the lubricant market across both the B2B (business-to-business) and B2C (business-to-consumer) segments. The B2B market segments served comprise industrial lubricants, marine lubricants and aviation lubricants, while the B2C market segments served comprise passenger vehicle lubricants, commercial vehicle lubricants and aviation lubricants. The Company also has a small e-commerce sales channel through its Lube Solution digital app and a modest export presence through sales in Nepal. Its operations and distribution network extend across Bangladesh.
100GF Score

Get the complete analysis for DHA:MJLBD

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

BDT94.10
Price
BDT96.24
GF Value