Surani Steel Tubes (NSE:SURANI) ROCE %: -2.08% (As of Mar. 2026)


NSE:SURANI Surani Steel Tubes Ltd NSE:SURANI
52 GF Score
Price ₹99.35
GF Value ₹71.16
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Surani Steel Tubes ROCE %?

Surani Steel Tubes NSE:SURANI -1.58% 52 ROCE % is -2.08% as of Mar. 2026. GuruFocus rates NSE:SURANI with a GF Score™ of 52/100 and a GF Value™ of ₹71.16 (Significantly Overvalued). 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. Surani Steel Tubes's annualized ROCE % for the quarter that ended in Mar. 2026 was -2.08%.

Surani Steel Tubes  (NSE:SURANI) 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.

Surani Steel Tubes ROCE % Related Terms

Surani Steel Tubes ROCE % Historical Data

* Premium members only.

The historical data trend for Surani Steel Tubes'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.

Surani Steel Tubes ROCE % Chart

Surani Steel Tubes 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 13.77 -1.98 1.17 0.17 2.47

Surani Steel Tubes Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 4.21 2.74 -2.01 4.39 -2.08
NSE:SURANI
52GF Score
Surani Steel Tubes Ltd NSE:SURANI
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Surani Steel Tubes ROCE % Calculation

Surani Steel Tubes'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 )
=30.426/( ( (1571.857 - 352.677) + (2505.927 - 1258.209) )/ 2 )
=30.426/( (1219.18+1247.718)/ 2 )
=30.426/1233.449
=2.47 %

Surani Steel Tubes'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: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=-25.944/( ( (1249.773 - 7.768) + (2505.927 - 1258.209) )/ 2 )
=-25.944/( ( 1242.005 + 1247.718 )/ 2 )
=-25.944/1244.8615
=-2.08 %

(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 -2.08% mean?
Surani Steel Tubes (NSE:SURANI) has a ROCE % of -2.08% as of Mar. 2026.
Is Surani Steel Tubes' ROCE % too high?
Surani Steel Tubes' current ROCE % is -2.08%. Overall, Surani Steel Tubes has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Surani Steel Tubes' ROCE % compare to NUE and STLD?
Surani Steel Tubes' ROCE % of -2.08% can be compared against companies in the Steel industry. The industry median ROCE % is 5.51. 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 5.51, based on 620 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. 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 5.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surani Steel Tubes's current ROCE % is -2.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surani Steel Tubes stock overvalued right now?
Based on GuruFocus' analysis, Surani Steel Tubes (NSE:SURANI) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹71.16, compared to a current price of ₹99.35 — trading 39.6% above its estimated fair value. The current ROCE % is -2.08%. Surani Steel Tubes' overall GF Score™ is 52/100 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 Surani Steel Tubes (NSE:SURANI), the current ROCE % is -2.08% 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 Surani Steel Tubes (NSE:SURANI) Overvalued in 2026?

Based on GuruFocus' analysis, Surani Steel Tubes stock appears to be overvalued. The current stock price of ₹99.35 is trading 39.6% above its estimated GF Value™ of ₹71.16. GuruFocus considers Surani Steel Tubes to be Significantly Overvalued.

Key valuation signals for NSE:SURANI:

  • ROCE %: -2.08%
  • GF Value™: ₹71.16 vs. price of ₹99.35 (39.6% above fair value)
  • GF Score™: 52/100 with 4 warning signs

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

Surani Steel Tubes Business Description

Address Bayad Road, Sr. No. 110, 115, Opposite Vinayak TMT, Village Sampa, Taluka Dahegam, Gandhinagar, GJ, IND, 382315
Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and others. Geographically, it operates only in India.
52GF Score

Get the complete analysis for NSE:SURANI

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

₹99.35
Price
₹71.16
GF Value