Usha Martin (NSE:USHAMART) ROCE %: 23.65% (As of Mar. 2026)


NSE:USHAMART Usha Martin Ltd NSE:USHAMART
79 GF Score
Price ₹473.10
GF Value ₹418.33
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Usha Martin ROCE %?

Usha Martin NSE:USHAMART +1.57% 79 ROCE % is 23.65% as of Mar. 2026. GuruFocus rates NSE:USHAMART with a GF Score™ of 79/100 and a GF Value™ of ₹418.33 (Modestly Overvalued). The stock has 2 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. Usha Martin's annualized ROCE % for the quarter that ended in Mar. 2026 was 23.65%.

Usha Martin  (NSE:USHAMART) 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.

Usha Martin ROCE % Related Terms

Usha Martin ROCE % Historical Data

* Premium members only.

The historical data trend for Usha Martin'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.

Usha Martin ROCE % Chart

Usha Martin 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 20.07 21.90 22.43 19.30 20.07

Usha Martin Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 17.47 18.30 17.80 0.00 23.65
NSE:USHAMART
79GF Score
Usha Martin Ltd NSE:USHAMART
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Usha Martin ROCE % Calculation

Usha Martin'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 )
=6592/( ( (37479.4 - 6949.8) + (42118.2 - 6956.1) )/ 2 )
=6592/( (30529.6+35162.1)/ 2 )
=6592/32845.85
=20.07 %

Usha Martin'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 )
=8315.6/( ( (0 - 0) + (42118.2 - 6956.1) )/ 1 )
=8315.6/( ( 0 + 35162.1 )/ 1 )
=8315.6/35162.1
=23.65 %

(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 23.65% mean?
Usha Martin (NSE:USHAMART) has a ROCE % of 23.65% as of Mar. 2026.
Is Usha Martin's ROCE % too high?
Usha Martin's current ROCE % is 23.65%. The Steel industry median ROCE % is 5.63. Usha Martin's value of 23.65% is 320.4% above this industry median. Overall, Usha Martin has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usha Martin's ROCE % compare to NUE and STLD?
Usha Martin's ROCE % of 23.65% can be compared against companies in the Steel industry. The industry median ROCE % is 5.63. Usha Martin's value of 23.65% is 320.4% 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 Steel company?
The median ROCE % among Steel companies is 5.63, based on 624 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. Usha Martin's current ROCE % of 23.65% is 320.4% 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 Steel industry, the median ROCE % is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usha Martin's current ROCE % is 23.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usha Martin stock overvalued right now?
Based on GuruFocus' analysis, Usha Martin (NSE:USHAMART) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹418.33, compared to a current price of ₹473.10 — trading 13.1% above its estimated fair value. The current ROCE % is 23.65% and 320.4% above the Steel industry median of 5.63. Usha Martin's overall GF Score™ is 79/100 with 2 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 Usha Martin (NSE:USHAMART), the current ROCE % is 23.65% 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 Usha Martin (NSE:USHAMART) Overvalued in 2026?

Based on GuruFocus' analysis, Usha Martin stock appears to be overvalued. The current stock price of ₹473.10 is trading 13.1% above its estimated GF Value™ of ₹418.33. GuruFocus considers Usha Martin to be Modestly Overvalued.

Key valuation signals for NSE:USHAMART:

  • ROCE %: 23.65%
  • GF Value™: ₹418.33 vs. price of ₹473.10 (13.1% above fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 320.4% above the Steel median

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

Usha Martin Business Description

Other Exchanges 517146:India
Address 2A, Shakespeare Sarani, Mangal Kalash, Kolkata, WB, IND, 700 071
Usha Martin Ltd is engaged in the business of the production of wire rope. The company's operating segment includes Wire and wire ropes and others. It generates maximum revenue from the Wire and wire ropes segment. The wire and wire ropes segment manufactures and sells steel wires, strands, wire ropes, cords, related accessories, and others. Its Others segment includes the manufacturing and selling of wire drawing and allied machines and corporate office. Geographically, it derives a majority of revenue from India and also has its presence outside India.
79GF Score

Get the complete analysis for NSE:USHAMART

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

₹473.10
Price
₹418.33
GF Value