Hindustan Hardy (BOM:505893) ROCE %: 25.81% (As of Mar. 2026)

What is Hindustan Hardy ROCE %?

Hindustan Hardy BOM:505893 +3.11% 80 ROCE % is 25.81% as of Mar. 2026. GuruFocus rates BOM:505893 with a GF Score™ of 80/100 and a GF Value™ of ₹1,022.37 (Modestly Undervalued).

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. Hindustan Hardy's annualized ROCE % for the quarter that ended in Mar. 2026 was 25.81%.

Hindustan Hardy (BOM:505893) 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.

Hindustan Hardy ROCE % Related Terms

Hindustan Hardy ROCE % Historical Data

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The historical data trend for Hindustan Hardy'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.

Hindustan Hardy ROCE % Chart

Hindustan Hardy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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35.28

29.80

29.60

31.29

31.88

Hindustan Hardy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															44.87	50.65	28.87	24.19	25.81

80GF Score

Hindustan Hardy Ltd BOM:505893

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Hindustan Hardy ROCE % Calculation

Hindustan Hardy'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 )
	=	116.871	/	( ( (568.052 - 240.993)	+	(648.274 - 242.026) )	/ 2 )
	=	116.871	/	( (327.059	+	406.248)	/ 2 )
	=	116.871	/	366.6535
	=	31.88 %

Hindustan Hardy's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	104.84	/	( ( (0 - 0)	+	(648.274 - 242.026) )	/ 1 )
	=	104.84	/	( ( 0	+	406.248 )	/ 1 )
	=	104.84	/	406.248
	=	25.81 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 25.81% mean?

Hindustan Hardy (BOM:505893) has a ROCE % of 25.81% as of Mar. 2026.

Is Hindustan Hardy's ROCE % too high?

Hindustan Hardy's current ROCE % is 25.81%. The Vehicles & Parts industry median ROCE % is 7.94. Hindustan Hardy's value of 25.81% is 225.1% above this industry median. Overall, Hindustan Hardy has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Hindustan Hardy's ROCE % compare to ORLY and AZO?

Hindustan Hardy's ROCE % of 25.81% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Hindustan Hardy's value of 25.81% is 225.1% 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 Vehicles & Parts company?

The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 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. Hindustan Hardy's current ROCE % of 25.81% is 225.1% 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 Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindustan Hardy's current ROCE % is 25.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hindustan Hardy stock overvalued right now?

Based on GuruFocus' analysis, Hindustan Hardy (BOM:505893) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,022.37, compared to a current price of ₹845.05 — trading 17.3% below its estimated fair value. The current ROCE % is 25.81% and 225.1% above the Vehicles & Parts industry median of 7.94. Hindustan Hardy's overall GF Score™ is 80/100. 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 Hindustan Hardy (BOM:505893), the current ROCE % is 25.81% 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.

Is Hindustan Hardy (BOM:505893) Overvalued in 2026?

Based on GuruFocus' analysis, Hindustan Hardy stock appears to be undervalued. The current stock price of ₹845.05 is trading 17.3% below its estimated GF Value™ of ₹1,022.37. GuruFocus considers Hindustan Hardy to be Modestly Undervalued.

Key valuation signals for BOM:505893:

ROCE %: 25.81%
GF Value™: ₹1,022.37 vs. price of ₹845.05 (17.3% below fair value)
GF Score™: 80/100
Industry Position: 225.1% above the Vehicles & Parts median

No single metric tells the full story. See the BOM:505893 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hindustan Hardy Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies BOM:531994 BOM:543930 BOM:520075 BOM:544554 NSE:SHIGAN BOM:513418 NSE:FORGEAUTO BOM:531399 BOM:530621 NSE:SELLOWRAP ORLY TSE:5802 AZO TSE:6902 XKRX:012330 TSE:5108 XPAR:ML SHSE:600660 XTER:KBX TSX:MG

Address Plot No. C-12, M.I.D.C. Area, Ambad, Additional Nasik Industrial Area, Nashik, MH, IND, 422 010

Website https://www.hhardys.com

Hindustan Hardy Ltd is an auto parts manufacturer in India. The company is principally engaged in the designing and manufacturing of propeller shafts and other accessories required for automotive, industrial, and other applications. Its sales are mainly to four customers that is domestic OEMs, export customers, industrial customers, and aftermarket.

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

₹845.05

Price

₹1,022.37

GF Value

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