Nelco (BOM:504112) ROCE %: 12.58% (As of Jun. 2026)

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BOM:504112 Nelco Ltd BOM:504112
67 GF Score
Price ₹865.70
GF Value ₹812.10
Valuation Fairly Valued
! 7 Warning Signs
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What is Nelco ROCE %?

Nelco BOM:504112 -0.22% 67 ROCE % is 12.58% as of Jun. 2026. GuruFocus rates BOM:504112 with a GF Score™ of 67/100 and a GF Value™ of ₹812.10 (Fairly Valued). The stock has 7 warning signs investors should review.

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. Nelco's annualized ROCE % for the quarter that ended in Jun. 2026 was 12.58%.

Nelco  (BOM:504112) 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.

Nelco ROCE % Related Terms

Nelco ROCE % Historical Data

* Premium members only.

The historical data trend for Nelco'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.

Nelco ROCE % Chart

Nelco Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.51 26.02 28.05 18.14 6.88

Nelco Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.61 10.49 -0.82 7.09 12.58
BOM:504112
67GF Score
Nelco Ltd BOM:504112
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nelco ROCE % Calculation

Nelco's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=94.6/( ( (2874.5 - 1525) + (3473.7 - 2074.6) )/ 2 )
=94.6/( (1349.5+1399.1)/ 2 )
=94.6/1374.3
=6.88 %

Nelco's ROCE % of for the quarter that ended in Jun. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=176/( ( (3473.7 - 2074.6) + (0 - 0) )/ 1 )
=176/( ( 1399.1 + 0 )/ 1 )
=176/1399.1
=12.58 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

* 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 ROCE % →
What does a ROCE % of 12.58% mean?
Nelco (BOM:504112) has a ROCE % of 12.58% as of Jun. 2026.
Is Nelco's ROCE % too high?
Nelco's current ROCE % is 12.58%. The Hardware industry median ROCE % is 5.90. Nelco's value of 12.58% is 113.2% above this industry median. Overall, Nelco has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nelco's ROCE % compare to CSCO and CIEN?
Nelco's ROCE % of 12.58% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.90. Nelco's value of 12.58% is 113.2% 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 ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 5.90, based on 2,451 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nelco's current ROCE % of 12.58% is 113.2% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nelco's current ROCE % is 12.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nelco stock overvalued right now?
Based on GuruFocus' analysis, Nelco (BOM:504112) is currently considered Fairly Valued. The stock's GF Value™ is ₹812.10, compared to a current price of ₹865.70 — trading 6.6% above its estimated fair value. The current ROCE % is 12.58% and 113.2% above the Hardware industry median of 5.90. Nelco's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Nelco (BOM:504112), the current ROCE % is 12.58% as of Jun. 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.

Is Nelco (BOM:504112) Overvalued in 2026?

Based on GuruFocus' analysis, Nelco stock appears to be overvalued. The current stock price of ₹865.70 is trading 6.6% above its estimated GF Value™ of ₹812.10. GuruFocus considers Nelco to be Fairly Valued.

Key valuation signals for BOM:504112:

  • ROCE %: 12.58%
  • GF Value™: ₹812.10 vs. price of ₹865.70 (6.6% above fair value)
  • GF Score™: 67/100 with 7 warning signs
  • Industry Position: 113.2% above the Hardware median

No single metric tells the full story. See the BOM:504112 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nelco Business Description

Other Exchanges NELCO:India
Address EL-6, TTC Industrial Area, MIDC Electronics Zone, Mahape, Navi Mumbai, MH, IND, 400 710
Nelco Ltd is in the business of providing domestic satellite communication services to close user group (CUG) networks via Satellite System on non-exclusive basis within the territorial boundary of India under the VSAT, ISP and other Licenses and authorisation granted by Department of Telecommunications, Government of India. The company operates in a single reportable segment, namely Network Systems, comprising Satellite Communication (Satcom) Services, which include equipment sales, maintenance, and other allied services. The group earns revenue from providing Satellite communication connectivity systems and solutions through sale of goods, providing installation and annual maintenance services, renting of goods, Integrated Security & Surveillance services.
67GF Score

Get the complete analysis for BOM:504112

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

₹865.70
Price
₹812.10
GF Value