Nila Infrastructures (BOM:530377) ROCE % : 20.52% (As of Mar. 2024)

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What is Nila Infrastructures 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. Nila Infrastructures's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.52%.

Nila Infrastructures ROCE % Historical Data

The historical data trend for Nila Infrastructures'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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Nila Infrastructures ROCE % Chart

Nila Infrastructures Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.13

6.45

6.39

6.75

13.80

Nila Infrastructures Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.11	6.59	12.96	13.74	20.52

Nila Infrastructures ROCE % Calculation

Nila Infrastructures'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 )
	=	234.926	/	( ( (8180.677 - 6569.614)	+	(8423.691 - 6630.123) )	/ 2 )
	=	234.926	/	( (1611.063	+	1793.568)	/ 2 )
	=	234.926	/	1702.3155
	=	13.80 %

Nila Infrastructures's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	368.112	/	( ( (0 - 0)	+	(8423.691 - 6630.123) )	/ 1 )
	=	368.112	/	( ( 0	+	1793.568 )	/ 1 )
	=	368.112	/	1793.568
	=	20.52 %

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

Nila Infrastructures (BOM:530377) 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.

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Nila Infrastructures (BOM:530377) Business Description

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NILAINFRA:India

Address

Sambhaav House, 1st Floor, Opposite Chief Justices Bunglow, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.nilainfra.com

Nila Infrastructures Ltd is an India-based company engaged in the construction and development of real estate and infrastructure projects. It is focused on urban infrastructure projects and residential real estate. It is involved in public infrastructure development projects, such as bus shelters of Ahmedabad's Bus Rapid Transit System (BRTS) and Ahmedabad Municipal Transport Service (AMTS), a textile park in Surat and media utilities in Rajkot. The company undertakes engineering, procurement, and construction (EPC)/turnkey projects of housing schemes floated by government authorities. The company has one business segment, which is Infrastructure Business.

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