Manav infra projects (NSE:MANAV) ROCE %: 36.46% (As of Mar. 2026)


NSE:MANAV Manav infra projects Ltd NSE:MANAV
71 GF Score
Price ₹36.55
GF Value ₹28.55
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Manav infra projects ROCE %?

Manav infra projects NSE:MANAV -4.94% 71 ROCE % is 36.46% as of Mar. 2026. GuruFocus rates NSE:MANAV with a GF Score™ of 71/100 and a GF Value™ of ₹28.55 (Modestly Overvalued). The stock has 3 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. Manav infra projects's annualized ROCE % for the quarter that ended in Mar. 2026 was 36.46%.

Manav infra projects  (NSE:MANAV) 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.

Manav infra projects ROCE % Related Terms

Manav infra projects ROCE % Historical Data

* Premium members only.

The historical data trend for Manav infra projects'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.

Manav infra projects ROCE % Chart

Manav infra projects 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 -83.39 438.90 244.09 56.85 36.46

Manav infra projects Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 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 -83.39 438.90 244.09 56.85 36.46
NSE:MANAV
71GF Score
Manav infra projects Ltd NSE:MANAV
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manav infra projects ROCE % Calculation

Manav infra projects'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 )
=55.223/( ( (216.35 - 77.892) + (239.852 - 75.361) )/ 2 )
=55.223/( (138.458+164.491)/ 2 )
=55.223/151.4745
=36.46 %

Manav infra projects'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: Mar. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Mar. 2025 )(Q: Mar. 2026 )
=55.223/( ( (216.35 - 77.892) + (239.852 - 75.361) )/ 2 )
=55.223/( ( 138.458 + 164.491 )/ 2 )
=55.223/151.4745
=36.46 %

(1) Note: The EBIT data used here is one times the annual (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 36.46% mean?
Manav infra projects (NSE:MANAV) has a ROCE % of 36.46% as of Mar. 2026.
Is Manav infra projects' ROCE % too high?
Manav infra projects' current ROCE % is 36.46%. The Construction industry median ROCE % is 8.22. Manav infra projects' value of 36.46% is 343.6% above this industry median. Overall, Manav infra projects has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manav infra projects' ROCE % compare to PWR and FIX?
Manav infra projects' ROCE % of 36.46% can be compared against companies in the Construction industry. The industry median ROCE % is 8.22. Manav infra projects' value of 36.46% is 343.6% 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 Construction company?
The median ROCE % among Construction companies is 8.22, based on 1,749 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. Manav infra projects's current ROCE % of 36.46% is 343.6% 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 Construction industry, the median ROCE % is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manav infra projects's current ROCE % is 36.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manav infra projects stock overvalued right now?
Based on GuruFocus' analysis, Manav infra projects (NSE:MANAV) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹28.55, compared to a current price of ₹36.55 — trading 28% above its estimated fair value. The current ROCE % is 36.46% and 343.6% above the Construction industry median of 8.22. Manav infra projects' overall GF Score™ is 71/100 with 3 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 Manav infra projects (NSE:MANAV), the current ROCE % is 36.46% 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 Manav infra projects (NSE:MANAV) Overvalued in 2026?

Based on GuruFocus' analysis, Manav infra projects stock appears to be overvalued. The current stock price of ₹36.55 is trading 28% above its estimated GF Value™ of ₹28.55. GuruFocus considers Manav infra projects to be Modestly Overvalued.

Key valuation signals for NSE:MANAV:

  • ROCE %: 36.46%
  • GF Value™: ₹28.55 vs. price of ₹36.55 (28% above fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 343.6% above the Construction median

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

Manav infra projects Business Description

Address Akurli Road, 226, Gundecha Industrial - Complex, Near Growels Mall, Kandivali (East), Mumbai, MH, IND, 400101
Manav infra projects Ltd is s engaged in infrastructure Development, Infrastructure projects, works Contracts, Site preparation and Clearance services to Real estate sector. It involves civil construction services such as piling, excavation, road construction, land leveling. It also provides earth moving machines and construction equipment on rent for infrastructure and construction-related work. Some of the company's projects include Sevens Sagbag, Aroha, HDIL Commercial Basement Work and others.
71GF Score

Get the complete analysis for NSE:MANAV

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

₹36.55
Price
₹28.55
GF Value