Mastek (NSE:MASTEK) ROCE %: 15.91% (As of Mar. 2026)

What is Mastek ROCE %?

Mastek NSE:MASTEK -1.59% 79 ROCE % is 15.91% as of Mar. 2026. GuruFocus rates NSE:MASTEK with a GF Score™ of 79/100 and a GF Value™ of ₹2,982.34 (Significantly Undervalued). 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. Mastek's annualized ROCE % for the quarter that ended in Mar. 2026 was 15.91%.

Mastek (NSE:MASTEK) 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.

Mastek ROCE % Related Terms

Mastek ROCE % Historical Data

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The historical data trend for Mastek'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.

Mastek ROCE % Chart

Mastek Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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28.36

22.36

17.15

18.17

17.70

Mastek 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															15.81	17.71	18.75	19.53	15.91

79GF Score

Mastek Ltd NSE:MASTEK

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

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Mastek ROCE % Calculation

Mastek'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 )
	=	5532.4	/	( ( (38618.8 - 9384.5)	+	(43088.3 - 9803.1) )	/ 2 )
	=	5532.4	/	( (29234.3	+	33285.2)	/ 2 )
	=	5532.4	/	31259.75
	=	17.70 %

Mastek'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 )
	=	5296.8	/	( ( (0 - 0)	+	(43088.3 - 9803.1) )	/ 1 )
	=	5296.8	/	( ( 0	+	33285.2 )	/ 1 )
	=	5296.8	/	33285.2
	=	15.91 %

(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 15.91% mean?

Mastek (NSE:MASTEK) has a ROCE % of 15.91% as of Mar. 2026.

Is Mastek's ROCE % too high?

Mastek's current ROCE % is 15.91%. The Software industry median ROCE % is 5.18. Mastek's value of 15.91% is 207.4% above this industry median. Overall, Mastek has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Mastek's ROCE % compare to IBM and ACN?

Mastek's ROCE % of 15.91% can be compared against companies in the Software industry. The industry median ROCE % is 5.18. Mastek's value of 15.91% is 207.4% 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 Software company?

The median ROCE % among Software companies is 5.18, based on 2,710 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. Mastek's current ROCE % of 15.91% is 207.4% 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 Software industry, the median ROCE % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mastek's current ROCE % is 15.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Mastek stock overvalued right now?

Based on GuruFocus' analysis, Mastek (NSE:MASTEK) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,982.34, compared to a current price of ₹1,575.20 — trading 47.2% below its estimated fair value. The current ROCE % is 15.91% and 207.4% above the Software industry median of 5.18. Mastek's overall GF Score™ is 79/100 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 Mastek (NSE:MASTEK), the current ROCE % is 15.91% 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 Mastek (NSE:MASTEK) Overvalued in 2026?

Based on GuruFocus' analysis, Mastek stock appears to be undervalued. The current stock price of ₹1,575.20 is trading 47.2% below its estimated GF Value™ of ₹2,982.34. GuruFocus considers Mastek to be Significantly Undervalued.

Key valuation signals for NSE:MASTEK:

ROCE %: 15.91%
GF Value™: ₹2,982.34 vs. price of ₹1,575.20 (47.2% below fair value)
GF Score™: 79/100 with 3 warning signs
Industry Position: 207.4% above the Software median

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

Mastek Business Description

Industry Technology Software

Comparable Companies BOM:526433 BOM:543227 BOM:532528 BOM:532663 BOM:532735 BOM:542333 BOM:532221 BOM:544021 BOM:532365 NSE:SILVERTUC IBM ACN NSE:TCS NSE:INFY TSE:6702 TSE:6701 NSE:HCLTECH FISV XMAD:AMS CTSH

Other Exchanges 523704:India

Address No 106, SDF IV, Seepz, Andheri (East), Mumbai, MH, IND, 400 096

Website https://www.mastek.com

Mastek Ltd is a provider of vertically-focused enterprise technology solutions. The company's offering portfolio consists of information technology consulting, application maintenance, application development, application management outsourcing, testing, data warehousing, business intelligence, and application security. It also focuses on agile consulting, legacy modernisation, Oracle Cloud, Oracle ERP Cloud, product-as-a-service solutions and machine learning, and digital e-commerce. Geographically the company exports its services to the United Kingdom, North America, the Middle East, and Other regions. The United Kingdom region generates maximum revenue for the company.

79GF Score

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₹1,575.20

Price

₹2,982.34

GF Value

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