Shanthi Gears (BOM:522034) ROCE %: 17.13% (As of Mar. 2026)

What is Shanthi Gears ROCE %?

Shanthi Gears BOM:522034 -1.36% 85 ROCE % is 17.13% as of Mar. 2026. GuruFocus rates BOM:522034 with a GF Score™ of 85/100 and a GF Value™ of ₹500.80 (Modestly Undervalued). The stock has 2 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. Shanthi Gears's annualized ROCE % for the quarter that ended in Mar. 2026 was 17.13%.

Shanthi Gears (BOM:522034) 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.

Shanthi Gears ROCE % Related Terms

Shanthi Gears ROCE % Historical Data

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The historical data trend for Shanthi Gears'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.

Shanthi Gears ROCE % Chart

Shanthi Gears Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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20.60

28.36

28.92

30.80

20.63

Shanthi Gears 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															27.14	26.59	20.98	17.60	17.13

85GF Score

Shanthi Gears Ltd BOM:522034

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

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Shanthi Gears ROCE % Calculation

Shanthi Gears'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 )
	=	878.5	/	( ( (5043.2 - 1004.6)	+	(5555.9 - 1076.2) )	/ 2 )
	=	878.5	/	( (4038.6	+	4479.7)	/ 2 )
	=	878.5	/	4259.15
	=	20.63 %

Shanthi Gears'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 )
	=	767.2	/	( ( (0 - 0)	+	(5555.9 - 1076.2) )	/ 1 )
	=	767.2	/	( ( 0	+	4479.7 )	/ 1 )
	=	767.2	/	4479.7
	=	17.13 %

(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 17.13% mean?

Shanthi Gears (BOM:522034) has a ROCE % of 17.13% as of Mar. 2026.

Is Shanthi Gears' ROCE % too high?

Shanthi Gears' current ROCE % is 17.13%. The Industrial Products industry median ROCE % is 7.05. Shanthi Gears' value of 17.13% is 143.2% above this industry median. Overall, Shanthi Gears has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Shanthi Gears' ROCE % compare to GEV and ETN?

Shanthi Gears' ROCE % of 17.13% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.05. Shanthi Gears' value of 17.13% is 143.2% 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 an Industrial Products company?

The median ROCE % among Industrial Products companies is 7.05, based on 3,026 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. Shanthi Gears's current ROCE % of 17.13% is 143.2% 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 Industrial Products industry, the median ROCE % is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanthi Gears's current ROCE % is 17.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Shanthi Gears stock overvalued right now?

Based on GuruFocus' analysis, Shanthi Gears (BOM:522034) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹500.80, compared to a current price of ₹445.35 — trading 11.1% below its estimated fair value. The current ROCE % is 17.13% and 143.2% above the Industrial Products industry median of 7.05. Shanthi Gears' overall GF Score™ is 85/100 with 2 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 Shanthi Gears (BOM:522034), the current ROCE % is 17.13% 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 Shanthi Gears (BOM:522034) Overvalued in 2026?

Based on GuruFocus' analysis, Shanthi Gears stock appears to be undervalued. The current stock price of ₹445.35 is trading 11.1% below its estimated GF Value™ of ₹500.80. GuruFocus considers Shanthi Gears to be Modestly Undervalued.

Key valuation signals for BOM:522034:

ROCE %: 17.13%
GF Value™: ₹500.80 vs. price of ₹445.35 (11.1% below fair value)
GF Score™: 85/100 with 2 warning signs
Industry Position: 143.2% above the Industrial Products median

No single metric tells the full story. See the BOM:522034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shanthi Gears Business Description

Industry Industrials Industrial Products

Comparable Companies NSE:JASH BOM:505255 BOM:522029 BOM:500330 BOM:522101 BOM:544167 BOM:522215 BOM:543230 BOM:500333 NSE:SETL GEV XTER:SIE XPAR:SU ETN XTER:ENR PH CMI OSTO:ATCO A EMR ITW

Other Exchanges SHANTIGEAR:India

Address 304-A, Trichy Road, Singanallur, Coimbatore, TN, IND, 641005

Website https://www.shanthigears.com

Shanthi Gears Ltd is an India-based company, that engages in the design, manufacture, supply, and servicing of gears and gearboxes. It offers standard worm gearboxes; helical and bevel helical gearboxes; geared motors; cooling tower, extruder, and rolling mill gearboxes; textile gears, and gear assemblies among others. Geographically the company generates maximum revenue within India and the rest from its customers in America, Europe, and other regions.

85GF Score

Get the complete analysis for BOM:522034

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

₹445.35

Price

₹500.80

GF Value

View BOM:522034 Analysis

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