Gagan Gases (BOM:524624) ROCE %: 21.36% (As of Mar. 2026)

What is Gagan Gases ROCE %?

Gagan Gases BOM:524624 -0.38% 78 ROCE % is 21.36% as of Mar. 2026. GuruFocus rates BOM:524624 with a GF Score™ of 78/100 and a GF Value™ of ₹37.20 (Possible Value Trap). The stock has 5 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. Gagan Gases's annualized ROCE % for the quarter that ended in Mar. 2026 was 21.36%.

Gagan Gases (BOM:524624) 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.

Gagan Gases ROCE % Related Terms

Gagan Gases ROCE % Historical Data

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The historical data trend for Gagan Gases'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.

Gagan Gases ROCE % Chart

Gagan Gases Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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17.35

94.81

3.40

10.40

5.60

Gagan Gases 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															22.06	-7.25	-0.64	8.65	21.36

78GF Score

Gagan Gases Ltd BOM:524624

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

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Gagan Gases ROCE % Calculation

Gagan Gases'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 )
	=	2.148	/	( ( (39.006 - 1.279)	+	(40.587 - 1.583) )	/ 2 )
	=	2.148	/	( (37.727	+	39.004)	/ 2 )
	=	2.148	/	38.3655
	=	5.60 %

Gagan Gases'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 )
	=	8.332	/	( ( (0 - 0)	+	(40.587 - 1.583) )	/ 1 )
	=	8.332	/	( ( 0	+	39.004 )	/ 1 )
	=	8.332	/	39.004
	=	21.36 %

(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 21.36% mean?

Gagan Gases (BOM:524624) has a ROCE % of 21.36% as of Mar. 2026.

Is Gagan Gases' ROCE % too high?

Gagan Gases' current ROCE % is 21.36%. The Oil & Gas industry median ROCE % is 6.85. Gagan Gases' value of 21.36% is 211.8% above this industry median. Overall, Gagan Gases has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Gagan Gases' ROCE % compare to VLO and MPC?

Gagan Gases' ROCE % of 21.36% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.85. Gagan Gases' value of 21.36% is 211.8% 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 Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.85, based on 981 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. Gagan Gases's current ROCE % of 21.36% is 211.8% 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 Oil & Gas industry, the median ROCE % is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gagan Gases's current ROCE % is 21.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Gagan Gases stock overvalued right now?

Based on GuruFocus' analysis, Gagan Gases (BOM:524624) is currently considered Possible Value Trap. The stock's GF Value™ is ₹37.20, compared to a current price of ₹21.17 — trading 43.1% below its estimated fair value. The current ROCE % is 21.36% and 211.8% above the Oil & Gas industry median of 6.85. Gagan Gases' overall GF Score™ is 78/100 with 5 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 Gagan Gases (BOM:524624), the current ROCE % is 21.36% 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 Gagan Gases (BOM:524624) Overvalued in 2026?

Based on GuruFocus' analysis, Gagan Gases stock appears to be undervalued. The current stock price of ₹21.17 is trading 43.1% below its estimated GF Value™ of ₹37.20. GuruFocus considers Gagan Gases to be Possible Value Trap.

Key valuation signals for BOM:524624:

ROCE %: 21.36%
GF Value™: ₹37.20 vs. price of ₹21.17 (43.1% below fair value)
GF Score™: 78/100 with 5 warning signs
Industry Position: 211.8% above the Oil & Gas median

No single metric tells the full story. See the BOM:524624 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Gagan Gases Business Description

Industry Energy Oil & Gas

Comparable Companies BOM:530025 BOM:543400 BOM:524675 NSE:RELIANCE VLO MPC PSX XKAZ:KMGZ OHEL:NESTE NSE:IOC TSE:5020 TPE:6505 BOM:500547 SUN DINO XKRX:096770 BUD:MOL TSE:5019 IST:TUPRS NSE:HINDPETRO

Address Scheme No. 78, Plot no 40, Part 2, Vijaynagar, Indore, MP, IND, 452010

Website https://www.gagangases.com

Gagan Gases Ltd is an India-based company engaged in the distribution of LPG in the private sector and operates a LPG bottling plant at Pithampur. It is also engaged in providing LPG bottling assistance to other companies.

78GF Score

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

₹21.17

Price

₹37.20

GF Value

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