Mishra Dhatu Nigam (NSE:MIDHANI) ROCE %: 5.07% (As of Jun. 2026)

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NSE:MIDHANI Mishra Dhatu Nigam Ltd NSE:MIDHANI
83 GF Score
Price ₹416.70
GF Value ₹469.86
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Mishra Dhatu Nigam ROCE %?

Mishra Dhatu Nigam NSE:MIDHANI -6.33% 83 ROCE % is 5.07% as of Jun. 2026. GuruFocus rates NSE:MIDHANI with a GF Score™ of 83/100 and a GF Value™ of ₹469.86 (Modestly Undervalued). The stock has 6 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. Mishra Dhatu Nigam's annualized ROCE % for the quarter that ended in Jun. 2026 was 5.07%.

Mishra Dhatu Nigam  (NSE:MIDHANI) 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.

Mishra Dhatu Nigam ROCE % Related Terms

Mishra Dhatu Nigam ROCE % Historical Data

* Premium members only.

The historical data trend for Mishra Dhatu Nigam'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.

Mishra Dhatu Nigam ROCE % Chart

Mishra Dhatu Nigam 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 13.64 12.02 7.92 8.55 9.11

Mishra Dhatu Nigam Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.55 4.45 8.06 19.15 5.07
NSE:MIDHANI
83GF Score
Mishra Dhatu Nigam Ltd NSE:MIDHANI
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Mishra Dhatu Nigam ROCE % Calculation

Mishra Dhatu Nigam'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 )
=2098.27/( ( (29146.531 - 6855.641) + (32201.341 - 8409.506) )/ 2 )
=2098.27/( (22290.89+23791.835)/ 2 )
=2098.27/23041.3625
=9.11 %

Mishra Dhatu Nigam's ROCE % of for the quarter that ended in Jun. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=1205.952/( ( (32201.341 - 8409.506) + (0 - 0) )/ 1 )
=1205.952/( ( 23791.835 + 0 )/ 1 )
=1205.952/23791.835
=5.07 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 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 5.07% mean?
Mishra Dhatu Nigam (NSE:MIDHANI) has a ROCE % of 5.07% as of Jun. 2026.
Is Mishra Dhatu Nigam's ROCE % too high?
Mishra Dhatu Nigam's current ROCE % is 5.07%. The Steel industry median ROCE % is 5.96. Mishra Dhatu Nigam's value of 5.07% is 14.9% below this industry median. Overall, Mishra Dhatu Nigam has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mishra Dhatu Nigam's ROCE % compare to NUE and STLD?
Mishra Dhatu Nigam's ROCE % of 5.07% can be compared against companies in the Steel industry. The industry median ROCE % is 5.96. Mishra Dhatu Nigam's value of 5.07% is 14.9% below 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 5.96, based on 619 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. Mishra Dhatu Nigam's current ROCE % of 5.07% is 14.9% below 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 5.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mishra Dhatu Nigam's current ROCE % is 5.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mishra Dhatu Nigam stock overvalued right now?
Based on GuruFocus' analysis, Mishra Dhatu Nigam (NSE:MIDHANI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹469.86, compared to a current price of ₹416.70 — trading 11.3% below its estimated fair value. The current ROCE % is 5.07% and 14.9% below the Steel industry median of 5.96. Mishra Dhatu Nigam's overall GF Score™ is 83/100 with 6 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 Mishra Dhatu Nigam (NSE:MIDHANI), the current ROCE % is 5.07% as of Jun. 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 Mishra Dhatu Nigam (NSE:MIDHANI) Overvalued in 2026?

Based on GuruFocus' analysis, Mishra Dhatu Nigam stock appears to be undervalued. The current stock price of ₹416.70 is trading 11.3% below its estimated GF Value™ of ₹469.86. GuruFocus considers Mishra Dhatu Nigam to be Modestly Undervalued.

Key valuation signals for NSE:MIDHANI:

  • ROCE %: 5.07%
  • GF Value™: ₹469.86 vs. price of ₹416.70 (11.3% below fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 14.9% below the Steel median

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

Mishra Dhatu Nigam Business Description

Other Exchanges 541195:India
Address P.O. Kanchanbagh, Hyderabad, TG, IND, 500058
Mishra Dhatu Nigam Ltd is engaged in the business of manufacturing superalloys, titanium, special purpose steel, and other special metals. Its product portfolio includes titanium and titanium alloys, special steel, fasteners, investment castings, open-die forgings, and others. Geographically, the company caters to both Indian and international markets, of which, a majority of its revenue is derived from its business in India.
83GF Score

Get the complete analysis for NSE:MIDHANI

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

₹416.70
Price
₹469.86
GF Value