Millat Tractors (KAR:MTL) ROCE %: 183.93% (As of Mar. 2026)


KAR:MTL Millat Tractors Ltd KAR:MTL
78 GF Score
Price ₨310.22
GF Value ₨211.73
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Millat Tractors ROCE %?

Millat Tractors KAR:MTL 78 ROCE % is 183.93% as of Mar. 2026. GuruFocus rates KAR:MTL with a GF Score™ of 78/100 and a GF Value™ of ₨211.73 (Significantly Overvalued). The stock has 6 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. Millat Tractors's annualized ROCE % for the quarter that ended in Mar. 2026 was 183.93%.

Millat Tractors  (KAR:MTL) 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.

Millat Tractors ROCE % Related Terms

Millat Tractors ROCE % Historical Data

* Premium members only.

The historical data trend for Millat Tractors'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.

Millat Tractors ROCE % Chart

Millat Tractors 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 98.83 88.59 67.95 146.42 81.37

Millat Tractors 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 77.67 96.01 48.73 200.66 183.93
KAR:MTL
78GF Score
Millat Tractors Ltd KAR:MTL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Millat Tractors ROCE % Calculation

Millat Tractors'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 )
=10306.709/( ( (35276.027 - 20842.592) + (34881.28 - 23982.535) )/ 2 )
=10306.709/( (14433.435+10898.745)/ 2 )
=10306.709/12666.09
=81.37 %

Millat Tractors'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 )
=20594.62/( ( (35302.918 - 23569.925) + (35446.112 - 24784.752) )/ 2 )
=20594.62/( ( 11732.993 + 10661.36 )/ 2 )
=20594.62/11197.1765
=183.93 %

(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 183.93% mean?
Millat Tractors (KAR:MTL) has a ROCE % of 183.93% as of Mar. 2026.
Is Millat Tractors' ROCE % too high?
Millat Tractors' current ROCE % is 183.93%. The Farm & Heavy Construction Machinery industry median ROCE % is 9.19. Millat Tractors' value of 183.93% is 1901.4% above this industry median. Overall, Millat Tractors has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millat Tractors' ROCE % compare to CAT and DE?
Millat Tractors' ROCE % of 183.93% can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median ROCE % is 9.19. Millat Tractors' value of 183.93% is 1901.4% 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 Farm & Heavy Construction Machinery company?
The median ROCE % among Farm & Heavy Construction Machinery companies is 9.19, based on 205 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. Millat Tractors's current ROCE % of 183.93% is 1901.4% 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 Farm & Heavy Construction Machinery industry, the median ROCE % is 9.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millat Tractors's current ROCE % is 183.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millat Tractors stock overvalued right now?
Based on GuruFocus' analysis, Millat Tractors (KAR:MTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨211.73, compared to a current price of ₨310.22 — trading 46.5% above its estimated fair value. The current ROCE % is 183.93% and 1901.4% above the Farm & Heavy Construction Machinery industry median of 9.19. Millat Tractors' overall GF Score™ is 78/100 with 6 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 Millat Tractors (KAR:MTL), the current ROCE % is 183.93% 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 Millat Tractors (KAR:MTL) Overvalued in 2026?

Based on GuruFocus' analysis, Millat Tractors stock appears to be overvalued. The current stock price of ₨310.22 is trading 46.5% above its estimated GF Value™ of ₨211.73. GuruFocus considers Millat Tractors to be Significantly Overvalued.

Key valuation signals for KAR:MTL:

  • ROCE %: 183.93%
  • GF Value™: ₨211.73 vs. price of ₨310.22 (46.5% above fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 1901.4% above the Farm & Heavy Construction Machinery median

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

Millat Tractors Business Description

Address 9-KM Sheikhupura Road, Shahdara, P.O Box No. 12023, District Sheikhupura, Lahore, PAK
Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing of agricultural tractors, implements and multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.
78GF Score

Get the complete analysis for KAR:MTL

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

₨310.22
Price
₨211.73
GF Value