Mayasheel Ventures (NSE:MAYASHEEL) ROIC %: 20.79% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:MAYASHEEL Mayasheel Ventures Ltd NSE:MAYASHEEL
18 GF Score
Price ₹40.00
! 4 Warning Signs
View Full Analysis

What is Mayasheel Ventures ROIC %?

Mayasheel Ventures NSE:MAYASHEEL +2.56% 18 ROIC % is 20.79% as of Mar. 2026. GuruFocus rates NSE:MAYASHEEL with a GF Score™ of 18/100. The stock has 4 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Mayasheel Ventures's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 20.79%.

As of today (2026-07-18), Mayasheel Ventures's WACC % is 11.00%. Mayasheel Ventures's ROIC % is 20.79% (calculated using TTM income statement data). Mayasheel Ventures generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Mayasheel Ventures  (NSE:MAYASHEEL) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Mayasheel Ventures's WACC % is 11.00%. Mayasheel Ventures's ROIC % is 20.79% (calculated using TTM income statement data). Mayasheel Ventures generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Mayasheel Ventures ROIC % Related Terms


Mayasheel Ventures ROIC % Historical Data

* Premium members only.

The historical data trend for Mayasheel Ventures's ROIC % 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.

Mayasheel Ventures ROIC % Chart

Mayasheel Ventures Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
ROIC %
10.14 11.59 15.62 22.05 20.79

Mayasheel Ventures Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
ROIC % 10.14 11.59 15.62 22.05 20.79

NSE:MAYASHEEL vs PWR, FIX, EME: ROIC % Comparison

For the Engineering & Construction subindustry, Mayasheel Ventures's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mayasheel Ventures ROIC % vs Construction Industry

For the Construction industry and Industrials sector, Mayasheel Ventures's ROIC % distribution charts can be found below:

* The bar in red indicates where Mayasheel Ventures's ROIC % falls into.


NSE:MAYASHEEL
18GF Score
Mayasheel Ventures Ltd NSE:MAYASHEEL
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mayasheel Ventures ROIC % Calculation

Mayasheel Ventures's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Mar. 2026 is calculated as:

ROIC % (A: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Mar. 2025 ) + Invested Capital (A: Mar. 2026 ))/ count )
=252.116 * ( 1 - 25.63% )/( (717.285 + 1086.229)/ 2 )
=187.4986692/901.757
=20.79 %

where

Invested Capital(A: Mar. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=990.972 - 235.173 - ( 38.514 - max(0, 497.514 - 585.419+38.514))
=717.285

Invested Capital(A: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1628.613 - 410.499 - ( 131.885 - max(0, 747.999 - 1210.334+131.885))
=1086.229

Mayasheel Ventures's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2026 is calculated as:

ROIC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=252.116 * ( 1 - 25.63% )/( (717.285 + 1086.229)/ 2 )
=187.4986692/901.757
=20.79 %

where

Invested Capital(Q: Mar. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=990.972 - 235.173 - ( 38.514 - max(0, 497.514 - 585.419+38.514))
=717.285

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1628.613 - 410.499 - ( 131.885 - max(0, 747.999 - 1210.334+131.885))
=1086.229

Note: The Operating Income data used here is one times the annual (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

* 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 ROIC % →
What does a ROIC % of 20.79% mean?
Mayasheel Ventures (NSE:MAYASHEEL) has a ROIC % of 20.79% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Mayasheel Ventures and its competitors.
Is Mayasheel Ventures' ROIC % too high?
Mayasheel Ventures' current ROIC % is 20.79%. The Construction industry median ROIC % is 4.67. Mayasheel Ventures' value of 20.79% is 345.7% above this industry median. Overall, Mayasheel Ventures has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Mayasheel Ventures' ROIC % compare to PWR and FIX?
Mayasheel Ventures' ROIC % of 20.79% can be compared against companies in the Construction industry. The industry median ROIC % is 4.67. Mayasheel Ventures' value of 20.79% is 345.7% 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 ROIC % for a Construction company?
The median ROIC % among Construction companies is 4.67, based on 1,758 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mayasheel Ventures's current ROIC % of 20.79% is 345.7% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Mayasheel Ventures and its competitors. For the Construction industry, the median ROIC % is 4.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayasheel Ventures's current ROIC % is 20.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayasheel Ventures stock overvalued right now?
Mayasheel Ventures (NSE:MAYASHEEL) has a current ROIC % of 20.79%. The current ROIC % is 20.79% and 345.7% above the Construction industry median of 4.67. Mayasheel Ventures' overall GF Score™ is 18/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Mayasheel Ventures (NSE:MAYASHEEL), the current ROIC % is 20.79% 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.

Mayasheel Ventures Business Description

Address IIIrd B-2, Flat No.8, IInd, Nehru Nagar, Ghaziabad, UP, IND, 201001
Mayasheel Ventures Ltd is involved in the business of construction of Roads and Highways for NHIDCL and other Government Departments. The company transacts the business to construct, build, alter, convert, improve, design, establish, develop, dismantle, reconstruct all types of technically complex constructions and high-value projects like Expressways, National Highways, Flyovers, Bridges. It undertakes projects on an EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantity) basis.
18GF Score

Get the complete analysis for NSE:MAYASHEEL

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

₹40.00
Price