Steelcast (NSE:STEELCAS) ROCE %: 30.35% (As of Mar. 2026)


NSE:STEELCAS Steelcast Ltd NSE:STEELCAS
80 GF Score
Price ₹297.95
GF Value ₹189.07
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Steelcast ROCE %?

Steelcast NSE:STEELCAS -3.01% 80 ROCE % is 30.35% as of Mar. 2026. GuruFocus rates NSE:STEELCAS with a GF Score™ of 80/100 and a GF Value™ of ₹189.07 (Significantly Overvalued). 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. Steelcast's annualized ROCE % for the quarter that ended in Mar. 2026 was 30.35%.

Steelcast  (NSE:STEELCAS) 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.

Steelcast ROCE % Related Terms

Steelcast ROCE % Historical Data

* Premium members only.

The historical data trend for Steelcast'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.

Steelcast ROCE % Chart

Steelcast 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 29.52 50.37 40.57 31.78 31.29

Steelcast 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 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 43.10 31.79 33.35 30.05 30.35
NSE:STEELCAS
80GF Score
Steelcast Ltd NSE:STEELCAS
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Steelcast ROCE % Calculation

Steelcast'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 )
=1167.439/( ( (3893.556 - 519.291) + (4602.033 - 513.928) )/ 2 )
=1167.439/( (3374.265+4088.105)/ 2 )
=1167.439/3731.185
=31.29 %

Steelcast'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 )
=1240.672/( ( (0 - 0) + (4602.033 - 513.928) )/ 1 )
=1240.672/( ( 0 + 4088.105 )/ 1 )
=1240.672/4088.105
=30.35 %

(1) Note: The EBIT data used here is four times the quarterly (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 30.35% mean?
Steelcast (NSE:STEELCAS) has a ROCE % of 30.35% as of Mar. 2026.
Is Steelcast's ROCE % too high?
Steelcast's current ROCE % is 30.35%. The Steel industry median ROCE % is 5.50. Steelcast's value of 30.35% is 451.8% above this industry median. Overall, Steelcast has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steelcast's ROCE % compare to NUE and STLD?
Steelcast's ROCE % of 30.35% can be compared against companies in the Steel industry. The industry median ROCE % is 5.50. Steelcast's value of 30.35% is 451.8% 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 5.50, based on 621 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. Steelcast's current ROCE % of 30.35% is 451.8% 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 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steelcast's current ROCE % is 30.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steelcast stock overvalued right now?
Based on GuruFocus' analysis, Steelcast (NSE:STEELCAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹189.07, compared to a current price of ₹297.95 — trading 57.6% above its estimated fair value. The current ROCE % is 30.35% and 451.8% above the Steel industry median of 5.50. Steelcast's overall GF Score™ is 80/100 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 Steelcast (NSE:STEELCAS), the current ROCE % is 30.35% 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 Steelcast (NSE:STEELCAS) Overvalued in 2026?

Based on GuruFocus' analysis, Steelcast stock appears to be overvalued. The current stock price of ₹297.95 is trading 57.6% above its estimated GF Value™ of ₹189.07. GuruFocus considers Steelcast to be Significantly Overvalued.

Key valuation signals for NSE:STEELCAS:

  • ROCE %: 30.35%
  • GF Value™: ₹189.07 vs. price of ₹297.95 (57.6% above fair value)
  • GF Score™: 80/100 with 6 warning signs
  • Industry Position: 451.8% above the Steel median

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

Steelcast Business Description

Other Exchanges 513517:India
Address Ruvapari Road, Bhavnagar, GJ, IND, 364005
Steelcast Ltd is engaged in the steel business sector and has various product lines that include carbon steel, low alloy steel, high alloy steel, and other superior grades of wear and abrasion-resistant steel castings produced by no-bake and shell molding processes with quality control facilities. It operates under a segment that is the Casting Manufacturing business. The company caters to the following industries that are earthmoving equipment, mining equipment, construction equipment, casting for steel plants, casting for cement plants, and railways. In terms of revenue, the company earns the majority of its revenue from Outside India .
80GF Score

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

₹297.95
Price
₹189.07
GF Value