There is provided a centrifugally cast composite roll for rolling having excellent wear resistance and surface deterioration resistance at levels of a high-speed steel cast iron roll and having rolling incident resistance at a level of a high alloy grain cast iron roll. Its outer layer includes chemical components by mass ratio: C: 1.5 to 3.5%; Si: 0.3 to 3.0%; Mn: 0.1 to 3.0%; Ni: 1.0 to 6.0%; Cr: 1.5 to 6.0%; Mo: 0.1 to 2.5%; V: 2.0 to 6.0%; Nb: 0.1 to 3.0%; B: 0.001 to 0.2%; N: 0.005 to 0.070%; and the balance being Fe and inevitable impurities, wherein: a chemical composition of the outer layer satisfies Formula (1) and has 5 to 30% of M3C carbide by area ratio; an outer layer Shore hardness (A) of a roll surface satisfies Formula (2); and a residual stress (B) of the roll surface satisfies Formula (3), 2×Ni+0.5×Cr+Mo>10.0  (1) Hs 75≤A≤Hs 85  (2) 100 MPa≤B≤350 MPa  (3).