Kalyani Steels (NSE:KSL) ROCE %: 18.04% (As of Mar. 2026)


NSE:KSL Kalyani Steels Ltd NSE:KSL
78 GF Score
Price ₹818.70
GF Value ₹760.48
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Kalyani Steels ROCE %?

Kalyani Steels NSE:KSL -0.88% 78 ROCE % is 18.04% as of Mar. 2026. GuruFocus rates NSE:KSL with a GF Score™ of 78/100 and a GF Value™ of ₹760.48 (Fairly Valued). The stock has 5 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. Kalyani Steels's annualized ROCE % for the quarter that ended in Mar. 2026 was 18.04%.

Kalyani Steels  (NSE:KSL) 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.

Kalyani Steels ROCE % Related Terms

Kalyani Steels ROCE % Historical Data

* Premium members only.

The historical data trend for Kalyani Steels'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.

Kalyani Steels ROCE % Chart

Kalyani Steels Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.05 15.34 20.44 19.46 17.22

Kalyani Steels 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 23.11 17.65 16.81 16.86 18.04
NSE:KSL
78GF Score
Kalyani Steels Ltd NSE:KSL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kalyani Steels ROCE % Calculation

Kalyani Steels'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 )
=3564.42/( ( (27321.35 - 7891.17) + (29957.63 - 7998.62) )/ 2 )
=3564.42/( (19430.18+21959.01)/ 2 )
=3564.42/20694.595
=17.22 %

Kalyani Steels'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 )
=3960.32/( ( (0 - 0) + (29957.63 - 7998.62) )/ 1 )
=3960.32/( ( 0 + 21959.01 )/ 1 )
=3960.32/21959.01
=18.04 %

(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 18.04% mean?
Kalyani Steels (NSE:KSL) has a ROCE % of 18.04% as of Mar. 2026.
Is Kalyani Steels' ROCE % too high?
Kalyani Steels' current ROCE % is 18.04%. The Steel industry median ROCE % is 5.63. Kalyani Steels' value of 18.04% is 220.7% above this industry median. Overall, Kalyani Steels has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kalyani Steels' ROCE % compare to NUE and STLD?
Kalyani Steels' ROCE % of 18.04% can be compared against companies in the Steel industry. The industry median ROCE % is 5.63. Kalyani Steels' value of 18.04% is 220.7% 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 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. Kalyani Steels's current ROCE % of 18.04% is 220.7% 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 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. Kalyani Steels's current ROCE % is 18.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kalyani Steels stock overvalued right now?
Based on GuruFocus' analysis, Kalyani Steels (NSE:KSL) is currently considered Fairly Valued. The stock's GF Value™ is ₹760.48, compared to a current price of ₹818.70 — trading 7.7% above its estimated fair value. The current ROCE % is 18.04% and 220.7% above the Steel industry median of 5.63. Kalyani Steels' overall GF Score™ is 78/100 with 5 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 Kalyani Steels (NSE:KSL), the current ROCE % is 18.04% 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 Kalyani Steels (NSE:KSL) Overvalued in 2026?

Based on GuruFocus' analysis, Kalyani Steels stock appears to be overvalued. The current stock price of ₹818.70 is trading 7.7% above its estimated GF Value™ of ₹760.48. GuruFocus considers Kalyani Steels to be Fairly Valued.

Key valuation signals for NSE:KSL:

  • ROCE %: 18.04%
  • GF Value™: ₹760.48 vs. price of ₹818.70 (7.7% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 220.7% above the Steel median

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

Kalyani Steels Business Description

Other Exchanges 500235:India
Address Mundhwa, Corporate Building, 2nd Floor, Pune, MH, IND, 411 036
Kalyani Steels Ltd manufactures forging and engineering quality carbon and alloy steel. Its product portfolio consists of carbon steel, carbon-manganese steel, chrome steel, chrome-manganese steel, chrome-nickel steel, chrome-moly steel, low carbon chrome-nickel-moly steel, medium carbon cr-ni-mo steel and bearing steel. The company's products are used in automotive forging, construction equipment, bearings, seamless tubes, and aluminum smelting. The majority of the revenue is generated by the sale of Rolled Products, As Cast Blooms and Pig Iron. These operating segment have been aggregated into one reportable business segment which is Forging and Engineering quality carbon and alloy steels.
78GF Score

Get the complete analysis for NSE:KSL

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

₹818.70
Price
₹760.48
GF Value