Mahamaya Steel Industries (BOM:513554) ROCE % : 11.01% (As of Mar. 2024)

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What is Mahamaya Steel Industries ROCE %?

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. Mahamaya Steel Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.01%.

Mahamaya Steel Industries ROCE % Historical Data

The historical data trend for Mahamaya Steel Industries'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.

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Mahamaya Steel Industries ROCE % Chart

Mahamaya Steel Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.85

5.24

7.44

6.39

8.28

Mahamaya Steel Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.91	7.08	6.95	8.97	11.01

Mahamaya Steel Industries ROCE % Calculation

Mahamaya Steel Industries's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	137.966	/	( ( (2248.526 - 595.841)	+	(2331.203 - 652.354) )	/ 2 )
	=	137.966	/	( (1652.685	+	1678.849)	/ 2 )
	=	137.966	/	1665.767
	=	8.28 %

Mahamaya Steel Industries's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	184.86	/	( ( (0 - 0)	+	(2331.203 - 652.354) )	/ 1 )
	=	184.86	/	( ( 0	+	1678.849 )	/ 1 )
	=	184.86	/	1678.849
	=	11.01 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Mahamaya Steel Industries (BOM:513554) 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.

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Mahamaya Steel Industries (BOM:513554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mahamaya Steel Industries Ltd (BOM:513554) » Definitions » ROCE %

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MAHASTEEL:India

Address

B/8-9, Sector - C, Urla Industrial Area, Sarora, Raipur, CT, IND, 493 221

Website

https://www.mahamayagroup.in

Mahamaya Steel Industries Ltd is engaged in the manufacturing of steel structures in the shape of angles, beams, joists, channels, rounds, flats, railway sleepers among others. It has high-capacity structural rolling mills with full-fledged supportive SMS.

Mahamaya Steel Industries (BOM:513554) Headlines

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