JSW Steel (NSE:JSWSTEEL) ROCE %: 49.02% (As of Mar. 2026)

What is JSW Steel ROCE %?

JSW Steel NSE:JSWSTEEL -0.02% 87 ROCE % is 49.02% as of Mar. 2026. GuruFocus rates NSE:JSWSTEEL with a GF Score™ of 87/100 and a GF Value™ of ₹1,037.67 (Modestly Overvalued). The stock has 8 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. JSW Steel's annualized ROCE % for the quarter that ended in Mar. 2026 was 49.02%.

JSW Steel (NSE:JSWSTEEL) 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.

JSW Steel ROCE % Related Terms

JSW Steel ROCE % Historical Data

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The historical data trend for JSW 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.

JSW Steel ROCE % Chart

JSW Steel Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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28.03

8.51

13.86

7.88

20.16

JSW 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															8.49	11.75	10.59	8.37	49.02

87GF Score

JSW Steel Ltd NSE:JSWSTEEL

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

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JSW Steel ROCE % Calculation

JSW 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 )
	=	383520	/	( ( (2407420 - 606260)	+	(2696760 - 693770) )	/ 2 )
	=	383520	/	( (1801160	+	2002990)	/ 2 )
	=	383520	/	1902075
	=	20.16 %

JSW 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 )
	=	981800	/	( ( (0 - 0)	+	(2696760 - 693770) )	/ 1 )
	=	981800	/	( ( 0	+	2002990 )	/ 1 )
	=	981800	/	2002990
	=	49.02 %

(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 49.02% mean?

JSW Steel (NSE:JSWSTEEL) has a ROCE % of 49.02% as of Mar. 2026.

Is JSW Steel's ROCE % too high?

JSW Steel's current ROCE % is 49.02%. The Steel industry median ROCE % is 5.50. JSW Steel's value of 49.02% is 791.3% above this industry median. Overall, JSW Steel has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does JSW Steel's ROCE % compare to NUE and STLD?

JSW Steel's ROCE % of 49.02% can be compared against companies in the Steel industry. The industry median ROCE % is 5.50. JSW Steel's value of 49.02% is 791.3% 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 5.50, 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. JSW Steel's current ROCE % of 49.02% is 791.3% 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 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Steel's current ROCE % is 49.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is JSW Steel stock overvalued right now?

Based on GuruFocus' analysis, JSW Steel (NSE:JSWSTEEL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,037.67, compared to a current price of ₹1,231.00 — trading 18.6% above its estimated fair value. The current ROCE % is 49.02% and 791.3% above the Steel industry median of 5.50. JSW Steel's overall GF Score™ is 87/100 with 8 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 JSW Steel (NSE:JSWSTEEL), the current ROCE % is 49.02% 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 JSW Steel (NSE:JSWSTEEL) Overvalued in 2026?

Based on GuruFocus' analysis, JSW Steel stock appears to be overvalued. The current stock price of ₹1,231.00 is trading 18.6% above its estimated GF Value™ of ₹1,037.67. GuruFocus considers JSW Steel to be Modestly Overvalued.

Key valuation signals for NSE:JSWSTEEL:

ROCE %: 49.02%
GF Value™: ₹1,037.67 vs. price of ₹1,231.00 (18.6% above fair value)
GF Score™: 87/100 with 8 warning signs
Industry Position: 791.3% above the Steel median

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

JSW Steel Business Description

Industry Basic Materials Steel

Comparable Companies NSE:TATASTEEL BOM:532286 BOM:512455 BOM:500113 BOM:526371 BOM:532508 BOM:533758 BOM:532144 BOM:543299 NSE:KIOCL NUE XAMS:MT STLD XKRX:005490 RS SHSE:600019 TSE:5401 SHSE:600010 SZSE:000708 OSTO:SSAB A

Other Exchanges 500228:India

Address Bandra Kurla Complex, JSW Centre, Near MMRDA Grounds, Bandra (East), Mumbai, MH, IND, 400051

Website https://www.jsw.in

JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.

87GF Score

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

₹1,231.00

Price

₹1,037.67

GF Value

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