Nikhil Adhesives (BOM:526159) ROCE %: 23.26% (As of Mar. 2026)

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BOM:526159 Nikhil Adhesives Ltd BOM:526159
66 GF Score
Price ₹75.58
GF Value ₹100.35
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Nikhil Adhesives ROCE %?

Nikhil Adhesives BOM:526159 +2.51% 66 ROCE % is 23.26% as of Mar. 2026. GuruFocus rates BOM:526159 with a GF Score™ of 66/100 and a GF Value™ of ₹100.35 (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. Nikhil Adhesives's annualized ROCE % for the quarter that ended in Mar. 2026 was 23.26%.

Nikhil Adhesives  (BOM:526159) 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.

Nikhil Adhesives ROCE % Related Terms

Nikhil Adhesives ROCE % Historical Data

* Premium members only.

The historical data trend for Nikhil Adhesives'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.

Nikhil Adhesives ROCE % Chart

Nikhil Adhesives 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 36.96 23.30 17.01 19.11 17.95

Nikhil Adhesives 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 18.73 15.57 18.49 15.41 23.26
BOM:526159
66GF Score
Nikhil Adhesives Ltd BOM:526159
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nikhil Adhesives ROCE % Calculation

Nikhil Adhesives'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 )
=299.225/( ( (3229.774 - 1564.057) + (3341.824 - 1673.914) )/ 2 )
=299.225/( (1665.717+1667.91)/ 2 )
=299.225/1666.8135
=17.95 %

Nikhil Adhesives'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 )
=387.992/( ( (0 - 0) + (3341.824 - 1673.914) )/ 1 )
=387.992/( ( 0 + 1667.91 )/ 1 )
=387.992/1667.91
=23.26 %

(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 23.26% mean?
Nikhil Adhesives (BOM:526159) has a ROCE % of 23.26% as of Mar. 2026.
Is Nikhil Adhesives' ROCE % too high?
Nikhil Adhesives' current ROCE % is 23.26%. The Chemicals industry median ROCE % is 6.52. Nikhil Adhesives' value of 23.26% is 256.7% above this industry median. Overall, Nikhil Adhesives has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nikhil Adhesives' ROCE % compare to LIN and SHW?
Nikhil Adhesives' ROCE % of 23.26% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.52. Nikhil Adhesives' value of 23.26% is 256.7% 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 Chemicals company?
The median ROCE % among Chemicals companies is 6.52, based on 1,589 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. Nikhil Adhesives's current ROCE % of 23.26% is 256.7% 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 Chemicals industry, the median ROCE % is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikhil Adhesives's current ROCE % is 23.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikhil Adhesives stock overvalued right now?
Based on GuruFocus' analysis, Nikhil Adhesives (BOM:526159) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹100.35, compared to a current price of ₹75.58 — trading 24.7% below its estimated fair value. The current ROCE % is 23.26% and 256.7% above the Chemicals industry median of 6.52. Nikhil Adhesives' overall GF Score™ is 66/100 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 Nikhil Adhesives (BOM:526159), the current ROCE % is 23.26% 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 Nikhil Adhesives (BOM:526159) Overvalued in 2026?

Based on GuruFocus' analysis, Nikhil Adhesives stock appears to be undervalued. The current stock price of ₹75.58 is trading 24.7% below its estimated GF Value™ of ₹100.35. GuruFocus considers Nikhil Adhesives to be Modestly Undervalued.

Key valuation signals for BOM:526159:

  • ROCE %: 23.26%
  • GF Value™: ₹100.35 vs. price of ₹75.58 (24.7% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 256.7% above the Chemicals median

No single metric tells the full story. See the BOM:526159 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nikhil Adhesives Business Description

Address Sahar Road, Kaledonia HDIL Building, 902, 9th Floor, A-Wing, Opposite D-Mart, Andheri (East), Mumbai, MH, IND, 400069
Nikhil Adhesives Ltd is an India-based company engaged in the manufacturing and trading of polymer emulsions and adhesives. The products of the company include paint emulsions, textile emulsions, construction chemicals, and adhesives. The brands of the company are Mahacol, Emdicryl, Mahafix, Emdilith, Emditex, and Emdibind. The company operates in two business segments namely, Manufacturing of Adhesives and emulsions, which is the key revenue generator; and Trading in chemicals segment.
66GF Score

Get the complete analysis for BOM:526159

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

₹75.58
Price
₹100.35
GF Value