Shri Bajrang Alliance (BOM:526981) ROCE % : 0.22% (As of Dec. 2024)

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What is Shri Bajrang Alliance ROCE %?

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. Shri Bajrang Alliance's annualized ROCE % for the quarter that ended in Dec. 2024 was 0.22%.

Shri Bajrang Alliance ROCE % Historical Data

The historical data trend for Shri Bajrang Alliance'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.

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Shri Bajrang Alliance ROCE % Chart

Shri Bajrang Alliance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.61

4.87

4.33

3.57

1.93

Shri Bajrang Alliance Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-3.68	6.34	0.59	0.51	0.22

Shri Bajrang Alliance ROCE % Calculation

Shri Bajrang Alliance's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	56.205	/	( ( (3766.162 - 996.468)	+	(4157.733 - 1107.171) )	/ 2 )
	=	56.205	/	( (2769.694	+	3050.562)	/ 2 )
	=	56.205	/	2910.128
	=	1.93 %

Shri Bajrang Alliance's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	7.292	/	( ( (4221.787 - 867.761)	+	(0 - 0) )	/ 1 )
	=	7.292	/	( ( 3354.026	+	0 )	/ 1 )
	=	7.292	/	3354.026
	=	0.22 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Shri Bajrang Alliance (BOM:526981) 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.

Shri Bajrang Alliance ROCE % Related Terms

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Shri Bajrang Alliance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shri Bajrang Alliance Ltd (BOM:526981) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

521/C, Urla Industrial Complex, Urla, Raipur, CT, IND, 493221

Website

https://www.sbal.co.in

Shri Bajrang Alliance Ltd is an Indian company engaged in the manufacturing of steel and ready-to-eat frozen foods. The company's products include angle, channel, beam, steel billets, and under frozen foods involve bread, snacks, and desserts. The company has two segments are Structural Rolling Mill and ready to cook frozen food. It operates domestically and Internationally.

Shri Bajrang Alliance Headlines

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