Mangalam Alloys (NSE:MAL) ROCE %: 34.53% (As of Mar. 2025)


NSE:MAL Mangalam Alloys Ltd NSE:MAL
38 GF Score
Price ₹34.00
! 7 Warning Signs
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What is Mangalam Alloys ROCE %?

Mangalam Alloys NSE:MAL +0.89% 38 ROCE % is 34.53% as of Mar. 2025. GuruFocus rates NSE:MAL with a GF Score™ of 38/100. The stock has 7 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. Mangalam Alloys's annualized ROCE % for the quarter that ended in Mar. 2025 was 34.53%.

Mangalam Alloys  (NSE:MAL) 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.

Mangalam Alloys ROCE % Related Terms

Mangalam Alloys ROCE % Historical Data

* Premium members only.

The historical data trend for Mangalam Alloys'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.

Mangalam Alloys ROCE % Chart

Mangalam Alloys Annual Data
Trend Mar16 Mar17 Mar18 Mar23 Mar24 Mar25
ROCE %
Get a 7-Day Free Trial 12.01 21.34 22.53 15.58 23.00

Mangalam Alloys Semi-Annual Data
Mar16 Mar17 Mar18 Sep18 Mar23 Sep23 Mar24 Sep24 Mar25
ROCE % Get a 7-Day Free Trial Premium Member Only 0.00 23.40 9.59 12.73 34.53
NSE:MAL
38GF Score
Mangalam Alloys Ltd NSE:MAL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Mangalam Alloys ROCE % Calculation

Mangalam Alloys's annualized ROCE % for the fiscal year that ended in Mar. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=450.494/( ( (3902.292 - 1997.279) + (4601.209 - 2589.403) )/ 2 )
=450.494/( (1905.013+2011.806)/ 2 )
=450.494/1958.4095
=23.00 %

Mangalam Alloys's ROCE % of for the quarter that ended in Mar. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2025 )  (Q: Sep. 2024 )(Q: Mar. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2025 )  (Q: Sep. 2024 )(Q: Mar. 2025 )
=663.296/( ( (4461.894 - 2631.821) + (4601.209 - 2589.403) )/ 2 )
=663.296/( ( 1830.073 + 2011.806 )/ 2 )
=663.296/1920.9395
=34.53 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2025) 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 34.53% mean?
Mangalam Alloys (NSE:MAL) has a ROCE % of 34.53% as of Mar. 2025.
Is Mangalam Alloys' ROCE % too high?
Mangalam Alloys' current ROCE % is 34.53%. The Steel industry median ROCE % is 5.63. Mangalam Alloys' value of 34.53% is 513.9% above this industry median. Overall, Mangalam Alloys has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Mangalam Alloys' ROCE % compare to NUE and STLD?
Mangalam Alloys' ROCE % of 34.53% can be compared against companies in the Steel industry. The industry median ROCE % is 5.63. Mangalam Alloys' value of 34.53% is 513.9% 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. Mangalam Alloys's current ROCE % of 34.53% is 513.9% 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. Mangalam Alloys's current ROCE % is 34.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangalam Alloys stock overvalued right now?
Mangalam Alloys (NSE:MAL) has a current ROCE % of 34.53%. The current ROCE % is 34.53% and 513.9% above the Steel industry median of 5.63. Mangalam Alloys' overall GF Score™ is 38/100 with 7 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 Mangalam Alloys (NSE:MAL), the current ROCE % is 34.53% as of Mar. 2025. 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.

Mangalam Alloys Business Description

Address GIDC Phase 3, Plot No. 3123-3126, Chattral, Gandhinagar, GJ, IND, 382729
Mangalam Alloys Ltd is engaged in the manufacturing and distribution of high-quality stainless steel products. It is a stainless steel melting unit. Its products include forging ingots, billets, black round bars, bright round bars, hexagonal and square bars, SS RCS, angle bars, fasteners, and others. It operates in one segment, stainless steel products.
38GF Score

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

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