Munish Forge (NSE:MUNISH) ROCE %: 13.76% (As of Mar. 2026)

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NSE:MUNISH Munish Forge Ltd NSE:MUNISH
13 GF Score
Price ₹70.05
! 4 Warning Signs
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What is Munish Forge ROCE %?

Munish Forge NSE:MUNISH +1.16% 13 ROCE % is 13.76% as of Mar. 2026. GuruFocus rates NSE:MUNISH with a GF Score™ of 13/100. The stock has 4 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. Munish Forge's annualized ROCE % for the quarter that ended in Mar. 2026 was 13.76%.

Munish Forge  (NSE:MUNISH) 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.

Munish Forge ROCE % Related Terms

Munish Forge ROCE % Historical Data

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The historical data trend for Munish Forge'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.

Munish Forge ROCE % Chart

Munish Forge Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
10.04 12.11 19.01 36.83 17.58

Munish Forge Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
ROCE % 0.00 0.00 0.00 40.22 13.76
NSE:MUNISH
13GF Score
Munish Forge Ltd NSE:MUNISH
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Munish Forge ROCE % Calculation

Munish Forge'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 )
=187.073/( ( (1615.401 - 807.326) + (2095.302 - 775.053) )/ 2 )
=187.073/( (808.075+1320.249)/ 2 )
=187.073/1064.162
=17.58 %

Munish Forge'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 )
=146.458/( ( (1615.401 - 807.326) + (2095.302 - 775.053) )/ 2 )
=146.458/( ( 808.075 + 1320.249 )/ 2 )
=146.458/1064.162
=13.76 %

(1) Note: The EBIT data used here is two times the semi-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 13.76% mean?
Munish Forge (NSE:MUNISH) has a ROCE % of 13.76% as of Mar. 2026.
Is Munish Forge's ROCE % too high?
Munish Forge's current ROCE % is 13.76%. The Industrial Products industry median ROCE % is 7.05. Munish Forge's value of 13.76% is 95.3% above this industry median. Overall, Munish Forge has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Munish Forge's ROCE % compare to CRS and ATI?
Munish Forge's ROCE % of 13.76% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.05. Munish Forge's value of 13.76% is 95.3% 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 an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.05, based on 3,026 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. Munish Forge's current ROCE % of 13.76% is 95.3% 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 Industrial Products industry, the median ROCE % is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munish Forge's current ROCE % is 13.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munish Forge stock overvalued right now?
Munish Forge (NSE:MUNISH) has a current ROCE % of 13.76%. The current ROCE % is 13.76% and 95.3% above the Industrial Products industry median of 7.05. Munish Forge's overall GF Score™ is 13/100 with 4 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 Munish Forge (NSE:MUNISH), the current ROCE % is 13.76% 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.

Munish Forge Business Description

Address Village-Gobindgarh, Adjustment Phase-VII, Focal Point, Ludhiana, PB, IND, 141010
Munish Forge Ltd is a manufacturer in the forging and casting industry, specializing in manufacturing premium forged and cast components. It manufactures components like Flange, Scaffolding, Auto parts, Tank tracks chains, Bomb shells, Fence post and steel accessories as per customer specifications and International Standard catering to the requirements of Indian Army and various industries such as Defence, Oil and Gas, Automobile, Construction and Infrastructure.
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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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