Gulf Lloyds India (BOM:544834) ROC %: 22.31% (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.

BOM:544834 Gulf Lloyds India Ltd BOM:544834
15 GF Score
Price ₹37.45
! 2 Warning Signs
View Full Analysis

What is Gulf Lloyds India ROC %?

Gulf Lloyds India BOM:544834 +0.43% 15 ROC % is 22.31% as of Mar. 2026. GuruFocus rates BOM:544834 with a GF Score™ of 15/100. The stock has 2 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Gulf Lloyds India's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 22.31%.

As of today (2026-08-31), Gulf Lloyds India's WACC % is 10.00%. Gulf Lloyds India's ROC % is 22.71% (calculated using TTM income statement data). Gulf Lloyds India 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.


Gulf Lloyds India  (BOM:544834) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. 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 ROC % 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, Gulf Lloyds India's WACC % is 10.00%. Gulf Lloyds India's ROC % is 22.71% (calculated using TTM income statement data). Gulf Lloyds India 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 %, ROC % 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.


Gulf Lloyds India ROC % Related Terms


Gulf Lloyds India ROC % Historical Data

* Premium members only.

The historical data trend for Gulf Lloyds India's ROC % 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.

Gulf Lloyds India ROC % Chart

Gulf Lloyds India Annual Data
Trend Mar23 Mar24 Mar25 Mar26
ROC %
29.53 22.46 33.10 22.50

Gulf Lloyds India Semi-Annual Data
Mar23 Mar24 Mar25 Sep25 Mar26
ROC % 0.00 0.00 0.00 23.42 22.31
BOM:544834
15GF Score
Gulf Lloyds India Ltd BOM:544834
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf Lloyds India ROC % Calculation

Gulf Lloyds India's annualized Return on Capital (ROC %) for the fiscal year that ended in Mar. 2026 is calculated as:

ROC % (A: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Mar. 2025 ) + Invested Capital (A: Mar. 2026 ))/ count )
=69.547 * ( 1 - 23.74% )/( (192.792 + 278.572)/ 2 )
=53.0365422/235.682
=22.50 %

where

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))
=352.885 - 41.186 - ( 33.127 - max(0, 158.798 - 248.689+33.127))
=278.572

Gulf Lloyds India's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=73.596 * ( 1 - 23.04% )/( (229.09 + 278.572)/ 2 )
=56.6394816/253.831
=22.31 %

where

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))
=352.885 - 41.186 - ( 33.127 - max(0, 158.798 - 248.689+33.127))
=278.572

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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 22.31% mean?
Gulf Lloyds India (BOM:544834) has a ROC % of 22.31% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Gulf Lloyds India and its competitors.
Is Gulf Lloyds India's ROC % too high?
Gulf Lloyds India's current ROC % is 22.31%. The Business Services industry median ROC % is 6.12. Gulf Lloyds India's value of 22.31% is 264.5% above this industry median. Overall, Gulf Lloyds India has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Gulf Lloyds India's ROC % compare to CTAS and CPRT?
Gulf Lloyds India's ROC % of 22.31% can be compared against companies in the Business Services industry. The industry median ROC % is 6.12. Gulf Lloyds India's value of 22.31% is 264.5% 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 ROC % for a Business Services company?
The median ROC % among Business Services companies is 6.12, based on 1,071 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gulf Lloyds India's current ROC % of 22.31% is 264.5% 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Gulf Lloyds India and its competitors. For the Business Services industry, the median ROC % is 6.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Lloyds India's current ROC % is 22.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Lloyds India stock overvalued right now?
Gulf Lloyds India (BOM:544834) has a current ROC % of 22.31%. The current ROC % is 22.31% and 264.5% above the Business Services industry median of 6.12. Gulf Lloyds India's overall GF Score™ is 15/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Gulf Lloyds India (BOM:544834), the current ROC % is 22.31% 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.

Gulf Lloyds India Business Description

Address Drive in Road, Thaltej Road, 910-909, Gala Empire, Opposite TV Tower, Ahmedabad, GJ, IND, 380054
Gulf Lloyds India Ltd is engaged in the business of Third Party Inspection Services. The company provides Third-Party Inspection, Auditing, Testing, Training and Certification services across various industries and regions. It serves the Government, Public and Private Sector Organizations involved in Onshore, Offshore & Marine activities. The company operates in only one segment. The majority of the company's revenue is derived from the provision of Inspection Services.
15GF Score

Get the complete analysis for BOM:544834

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

₹37.45
Price