Bhagiradha Chemicals & Industries (BOM:531719) ROCE % : 4.73% (As of Dec. 2024)

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What is Bhagiradha Chemicals & Industries 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. Bhagiradha Chemicals & Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.73%.

Bhagiradha Chemicals & Industries ROCE % Historical Data

The historical data trend for Bhagiradha Chemicals & Industries'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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Bhagiradha Chemicals & Industries ROCE % Chart

Bhagiradha Chemicals & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.41

23.10

29.17

23.84

8.08

Bhagiradha Chemicals & Industries 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															7.15	9.13	9.78	5.64	4.73

Bhagiradha Chemicals & Industries ROCE % Calculation

Bhagiradha Chemicals & Industries'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 )
	=	321.961	/	( ( (4469.141 - 1007.525)	+	(5760.44 - 1255.197) )	/ 2 )
	=	321.961	/	( (3461.616	+	4505.243)	/ 2 )
	=	321.961	/	3983.4295
	=	8.08 %

Bhagiradha Chemicals & Industries'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 )
	=	320.124	/	( ( (8333.574 - 1564.013)	+	(0 - 0) )	/ 1 )
	=	320.124	/	( ( 6769.561	+	0 )	/ 1 )
	=	320.124	/	6769.561
	=	4.73 %

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

Bhagiradha Chemicals & Industries (BOM:531719) 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.

Bhagiradha Chemicals & Industries ROCE % Related Terms

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Bhagiradha Chemicals & Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Bhagiradha Chemicals & Industries Ltd (BOM:531719) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BHAGCHEM:India

Address

Road Number 2, 8-2-269/S/3/A, Plot Number 3, Sagar Society, Banjara Hills, Hyderabad, TG, IND, 500 034

Website

https://www.bhagirad.com

Bhagiradha Chemicals & Industries Ltd is an India-based company engaged in manufacturing agrochemical products. The company operates only in one business segment viz. manufacturing and sales of crop protection chemicals. The company manufactures insecticides, herbicides, fungicides, plant growth regulators as well as intermediates. Its Insecticides include Chlorpyrifos, Chlopyrifos-methyl, Buprofezin, and others. Fungicide includes Azoxystrobin whereas Herbicide consists of Imazethapyr, Clodinafop-propargyl, Cloquintocet-mexyl. The company sells its products in India and the international market.

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