Elgi Equipments (BOM:522074) ROCE %: 28.92% (As of Mar. 2026)


BOM:522074 Elgi Equipments Ltd BOM:522074
94 GF Score
Price ₹594.10
GF Value ₹670.25
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Elgi Equipments ROCE %?

Elgi Equipments BOM:522074 -2.08% 94 ROCE % is 28.92% as of Mar. 2026. GuruFocus rates BOM:522074 with a GF Score™ of 94/100 and a GF Value™ of ₹670.25 (Modestly Undervalued). The stock has 3 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. Elgi Equipments's annualized ROCE % for the quarter that ended in Mar. 2026 was 28.92%.

Elgi Equipments  (BOM:522074) 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.

Elgi Equipments ROCE % Related Terms

Elgi Equipments ROCE % Historical Data

* Premium members only.

The historical data trend for Elgi Equipments'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.

Elgi Equipments ROCE % Chart

Elgi Equipments 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 25.18 40.17 29.38 27.86 27.98

Elgi Equipments 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 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 30.25 25.52 32.92 25.33 28.92
BOM:522074
94GF Score
Elgi Equipments Ltd BOM:522074
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elgi Equipments ROCE % Calculation

Elgi Equipments'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 )
=6028/( ( (30415 - 10821) + (35455 - 11959) )/ 2 )
=6028/( (19594+23496)/ 2 )
=6028/21545
=27.98 %

Elgi Equipments'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 )
=6796/( ( (0 - 0) + (35455 - 11959) )/ 1 )
=6796/( ( 0 + 23496 )/ 1 )
=6796/23496
=28.92 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 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 28.92% mean?
Elgi Equipments (BOM:522074) has a ROCE % of 28.92% as of Mar. 2026.
Is Elgi Equipments' ROCE % too high?
Elgi Equipments' current ROCE % is 28.92%. The Industrial Products industry median ROCE % is 7.05. Elgi Equipments' value of 28.92% is 310.5% above this industry median. Overall, Elgi Equipments has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elgi Equipments' ROCE % compare to GEV and ETN?
Elgi Equipments' ROCE % of 28.92% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.05. Elgi Equipments' value of 28.92% is 310.5% 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 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. Elgi Equipments's current ROCE % of 28.92% is 310.5% 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 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. Elgi Equipments's current ROCE % is 28.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elgi Equipments stock overvalued right now?
Based on GuruFocus' analysis, Elgi Equipments (BOM:522074) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹670.25, compared to a current price of ₹594.10 — trading 11.4% below its estimated fair value. The current ROCE % is 28.92% and 310.5% above the Industrial Products industry median of 7.05. Elgi Equipments' overall GF Score™ is 94/100 with 3 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 Elgi Equipments (BOM:522074), the current ROCE % is 28.92% 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 Elgi Equipments (BOM:522074) Overvalued in 2026?

Based on GuruFocus' analysis, Elgi Equipments stock appears to be undervalued. The current stock price of ₹594.10 is trading 11.4% below its estimated GF Value™ of ₹670.25. GuruFocus considers Elgi Equipments to be Modestly Undervalued.

Key valuation signals for BOM:522074:

  • ROCE %: 28.92%
  • GF Value™: ₹670.25 vs. price of ₹594.10 (11.4% below fair value)
  • GF Score™: 94/100 with 3 warning signs
  • Industry Position: 310.5% above the Industrial Products median

No single metric tells the full story. See the BOM:522074 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Elgi Equipments Business Description

Other Exchanges ELGIEQUIP:India
Address Trichy Road, Elgi Industrial Complex III, Singanallur, Coimbatore, TN, IND, 641005
Elgi Equipments Ltd manufactures air compressors and compressed air systems. The segment in which the group operates includes Air Compressors and Automotive Equipment. Its products include piston compressors, electric lubricated screw compressors, electric oil-free screw compressors, portable compressors, railway compressors, and air accessories. Geographically, it derives a majority of its revenue from India and also has a presence in the United States of America, Italy, Australia, and other countries. It serves the Textile; Manufacturing; Automotive; Agriculture and Construction industries.
94GF Score

Get the complete analysis for BOM:522074

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

₹594.10
Price
₹670.25
GF Value