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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Shri Kanha Stainless's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 11.95%.
As of today (2026-08-14), Shri Kanha Stainless's WACC % is 8.79%. Shri Kanha Stainless's ROIC % is 13.56% (calculated using TTM income statement data).
Shri Kanha Stainless 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.
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, Shri Kanha Stainless's WACC % is 8.79%. Shri Kanha Stainless's ROIC % is 13.56% (calculated using TTM income statement data).
Shri Kanha Stainless 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.
* 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.
Shri Kanha Stainless ROIC % Chart
Shri Kanha Stainless Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
ROIC %
4.16
7.77
12.62
12.95
Shri Kanha Stainless Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
ROIC %
0.00
0.00
13.77
16.36
11.95
NSE:SHRIKANHA vs NUE, STLD, RS: ROIC % Comparison
For the Steel subindustry, Shri Kanha Stainless'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.
Shri Kanha Stainless ROIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Kanha Stainless's ROIC % distribution charts can be found below:
* The bar in red indicates where Shri Kanha Stainless's ROIC % falls into.
Note:
The Operating Income data used here is two times the semi-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.
Shri Kanha Stainless (NSE:SHRIKANHA) has a ROIC % of 11.95% 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 Shri Kanha Stainless and its competitors.
Is Shri Kanha Stainless' ROIC % too high?
Shri Kanha Stainless' current ROIC % is 11.95%. The Steel industry median ROIC % is 2.69. Shri Kanha Stainless' value of 11.95% is 345.1% above this industry median. Overall, Shri Kanha Stainless has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Shri Kanha Stainless' ROIC % compare to NUE and STLD?
Shri Kanha Stainless' ROIC % of 11.95% can be compared against companies in the Steel industry. The industry median ROIC % is 2.69. Shri Kanha Stainless' value of 11.95% is 345.1% 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 Steel company?
The median ROIC % among Steel companies is 2.69, based on 622 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. Shri Kanha Stainless's current ROIC % of 11.95% is 345.1% 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 Shri Kanha Stainless and its competitors. For the Steel industry, the median ROIC % is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Kanha Stainless's current ROIC % is 11.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Kanha Stainless stock overvalued right now?
Shri Kanha Stainless (NSE:SHRIKANHA) has a current ROIC % of 11.95%. The current ROIC % is 11.95% and 345.1% above the Steel industry median of 2.69. Shri Kanha Stainless' overall GF Score™ is 13/100 with 6 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 Shri Kanha Stainless (NSE:SHRIKANHA), the current ROIC % is 11.95% 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.
Shri Kanha Stainless Ltd is a manufacturer of precision stainless steel cold-rolled strips, offering a wide range of thin and ultra-thin variants designed to meet diverse industrial requirements. The company's products are widely used across various sectors, including the textile, automotive, and chemical industries, as well as in flexible tubes, capillary tubes, clocks, watches, and electrical equipment. Its key product offerings include Cold Rolling of Stainless-Steel Precision Strips (HR/CR SS Coil/Slitted), Stainless Steel Circle, and Stainless Steel Sheet. The company derives revenue from the sale of its products, mainly from the sale of HR/CR SS Coil/Slitted products.
13GF Score
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