Balaji Phosphates (NSE:BALAJIPHOS) ROC %: 9.73% (As of Mar. 2026)


NSE:BALAJIPHOS Balaji Phosphates Ltd NSE:BALAJIPHOS
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What is Balaji Phosphates ROC %?

Balaji Phosphates NSE:BALAJIPHOS -3.21% 14 ROC % is 9.73% as of Mar. 2026. GuruFocus rates NSE:BALAJIPHOS with a GF Score™ of 14/100. The stock has 4 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 %. Balaji Phosphates's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 9.73%.

As of today (2026-07-02), Balaji Phosphates's WACC % is 12.10%. Balaji Phosphates's ROC % is 9.73% (calculated using TTM income statement data). Balaji Phosphates earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Balaji Phosphates  (NSE:BALAJIPHOS) 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, Balaji Phosphates's WACC % is 12.10%. Balaji Phosphates's ROC % is 9.73% (calculated using TTM income statement data). Balaji Phosphates earns returns that do not match up to its cost of capital. It will destroy value as it grows.


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.


Balaji Phosphates ROC % Related Terms


Balaji Phosphates ROC % Historical Data

* Premium members only.

The historical data trend for Balaji Phosphates'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.

Balaji Phosphates ROC % Chart

Balaji Phosphates Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
ROC %
8.64 12.34 11.37 9.90 9.73

Balaji Phosphates Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
ROC % 8.64 12.34 11.37 9.90 9.73
NSE:BALAJIPHOS
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Balaji Phosphates Ltd NSE:BALAJIPHOS
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Balaji Phosphates ROC % Calculation

Balaji Phosphates'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 )
=178.463 * ( 1 - 31.75% )/( (1141.036 + 1362.169)/ 2 )
=121.8009975/1251.6025
=9.73 %

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))
=1243.535 - 86.872 - ( 15.627 - max(0, 387.836 - 1007.21+15.627))
=1141.036

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))
=1629.475 - 234.326 - ( 32.98 - max(0, 627.407 - 1355.217+32.98))
=1362.169

Balaji Phosphates'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: Mar. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=178.463 * ( 1 - 31.75% )/( (1141.036 + 1362.169)/ 2 )
=121.8009975/1251.6025
=9.73 %

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))
=1243.535 - 86.872 - ( 15.627 - max(0, 387.836 - 1007.21+15.627))
=1141.036

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))
=1629.475 - 234.326 - ( 32.98 - max(0, 627.407 - 1355.217+32.98))
=1362.169

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 ROC % →
What does a ROC % of 9.73% mean?
Balaji Phosphates (NSE:BALAJIPHOS) has a ROC % of 9.73% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Balaji Phosphates and its competitors.
Is Balaji Phosphates' ROC % too high?
Balaji Phosphates' current ROC % is 9.73%. The Agriculture industry median ROC % is 5.48. Balaji Phosphates' value of 9.73% is 77.6% above this industry median. Overall, Balaji Phosphates has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Balaji Phosphates' ROC % compare to CTVA and CF?
Balaji Phosphates' ROC % of 9.73% can be compared against companies in the Agriculture industry. The industry median ROC % is 5.48. Balaji Phosphates' value of 9.73% is 77.6% 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 an Agriculture company?
The median ROC % among Agriculture companies is 5.48, based on 257 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. Balaji Phosphates's current ROC % of 9.73% is 77.6% 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 Balaji Phosphates and its competitors. For the Agriculture industry, the median ROC % is 5.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balaji Phosphates's current ROC % is 9.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balaji Phosphates stock overvalued right now?
Balaji Phosphates (NSE:BALAJIPHOS) has a current ROC % of 9.73%. The current ROC % is 9.73% and 77.6% above the Agriculture industry median of 5.48. Balaji Phosphates' overall GF Score™ is 14/100 with 4 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 Balaji Phosphates (NSE:BALAJIPHOS), the current ROC % is 9.73% 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.

Balaji Phosphates Business Description

Address 305, Utsav Avenue, 12/5, Usha Ganj Jaora Compound, Indore General Post Office, Indore, MP, IND, 452001
Balaji Phosphates Ltd manufactures and supplies Single Super Phosphate (SSP) in powder and granulated forms, NPK granulated and mixed fertilizers, and zinc sulphate. It sells products under the brand names RATNAM and BPPL to customers, including retailers, wholesalers, and state-owned cooperatives, with farmers being the end users. The company operates in two segments: Fertilizers and Weighbridge. The Fertilizers segment includes the manufacturing of single super phosphate fertilizers. The Weighbridge segment includes the manufacture of weighbridges and annual service maintenance. The key revenue is generated from the Fertilizers segment.
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