Ashoka Metcast (NSE:ASHOKAMET) ROCE %: 10.76% (As of Mar. 2026)

What is Ashoka Metcast ROCE %?

Ashoka Metcast NSE:ASHOKAMET +1.06% 75 ROCE % is 10.76% as of Mar. 2026. GuruFocus rates NSE:ASHOKAMET with a GF Score™ of 75/100 and a GF Value™ of ₹16.17 (Fairly Valued). The stock has 4 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. Ashoka Metcast's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.76%.

Ashoka Metcast (NSE:ASHOKAMET) 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.

Ashoka Metcast ROCE % Related Terms

Ashoka Metcast ROCE % Historical Data

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The historical data trend for Ashoka Metcast'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.

Ashoka Metcast ROCE % Chart

Ashoka Metcast Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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8.85

5.79

7.03

7.87

9.98

Ashoka Metcast Quarterly Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															1.86	4.74	10.91	17.06	10.76

75GF Score

Ashoka Metcast Ltd NSE:ASHOKAMET

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

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Ashoka Metcast ROCE % Calculation

Ashoka Metcast'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 )
	=	152.546	/	( ( (1428.581 - 152.317)	+	(2083.814 - 303.874) )	/ 2 )
	=	152.546	/	( (1276.264	+	1779.94)	/ 2 )
	=	152.546	/	1528.102
	=	9.98 %

Ashoka Metcast'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 )
	=	191.468	/	( ( (0 - 0)	+	(2083.814 - 303.874) )	/ 1 )
	=	191.468	/	( ( 0	+	1779.94 )	/ 1 )
	=	191.468	/	1779.94
	=	10.76 %

(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 10.76% mean?

Ashoka Metcast (NSE:ASHOKAMET) has a ROCE % of 10.76% as of Mar. 2026.

Is Ashoka Metcast's ROCE % too high?

Ashoka Metcast's current ROCE % is 10.76%. The Steel industry median ROCE % is 5.63. Ashoka Metcast's value of 10.76% is 91.3% above this industry median. Overall, Ashoka Metcast has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

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

Ashoka Metcast's ROCE % of 10.76% can be compared against companies in the Steel industry. The industry median ROCE % is 5.63. Ashoka Metcast's value of 10.76% is 91.3% 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 5.63, based on 624 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. Ashoka Metcast's current ROCE % of 10.76% is 91.3% 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 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashoka Metcast's current ROCE % is 10.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ashoka Metcast stock overvalued right now?

Based on GuruFocus' analysis, Ashoka Metcast (NSE:ASHOKAMET) is currently considered Fairly Valued. The stock's GF Value™ is ₹16.17, compared to a current price of ₹15.23 — trading 5.8% below its estimated fair value. The current ROCE % is 10.76% and 91.3% above the Steel industry median of 5.63. Ashoka Metcast's overall GF Score™ is 75/100 with 4 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 Ashoka Metcast (NSE:ASHOKAMET), the current ROCE % is 10.76% 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 Ashoka Metcast (NSE:ASHOKAMET) Overvalued in 2026?

Based on GuruFocus' analysis, Ashoka Metcast stock appears to be undervalued. The current stock price of ₹15.23 is trading 5.8% below its estimated GF Value™ of ₹16.17. GuruFocus considers Ashoka Metcast to be Fairly Valued.

Key valuation signals for NSE:ASHOKAMET:

ROCE %: 10.76%
GF Value™: ₹16.17 vs. price of ₹15.23 (5.8% below fair value)
GF Score™: 75/100 with 4 warning signs
Industry Position: 91.3% above the Steel median

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

Ashoka Metcast Business Description

Industry Basic Materials Steel

Comparable Companies NSE:DEEM BOM:544575 NSE:SHRIKANHA BOM:532918 BOM:531810 BOM:531651 BOM:513343 BOM:513566 NSE:NMSTEEL NSE:AGUL NUE XAMS:MT STLD BOM:500228 NSE:TATASTEEL XKRX:005490 RS SHSE:600019 TSE:5401 SHSE:600010

Other Exchanges 540923:India

Address Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Opposite HCG Hospital, Mithakhali, Ahmedabad, GJ, IND, 380006

Website http://www.ashokametcast.in

Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.

75GF Score

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₹15.23

Price

₹16.17

GF Value

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