Shalimar Wires Industries (BOM:532455) ROCE % : 12.18% (As of Dec. 2024)

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What is Shalimar Wires 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. Shalimar Wires Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was 12.18%.

Shalimar Wires Industries ROCE % Historical Data

The historical data trend for Shalimar Wires 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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Shalimar Wires Industries ROCE % Chart

Shalimar Wires Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.43

-0.75

11.62

18.93

11.88

Shalimar Wires 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															7.88	7.34	14.50	11.65	12.18

Shalimar Wires Industries ROCE % Calculation

Shalimar Wires 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 )
	=	140.474	/	( ( (1684.983 - 480.129)	+	(1753.934 - 594.301) )	/ 2 )
	=	140.474	/	( (1204.854	+	1159.633)	/ 2 )
	=	140.474	/	1182.2435
	=	11.88 %

Shalimar Wires 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 )
	=	137.708	/	( ( (1757.037 - 626.193)	+	(0 - 0) )	/ 1 )
	=	137.708	/	( ( 1130.844	+	0 )	/ 1 )
	=	137.708	/	1130.844
	=	12.18 %

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

Shalimar Wires Industries (BOM:532455) 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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Shalimar Wires Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shalimar Wires Industries Ltd (BOM:532455) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

25, Ganesh Chandra Avenue, 2nd Floor, Kolkata, WB, IND, 700013

Website

https://www.shalimarwires.com

Shalimar Wires Industries Ltd manufactures paper mill products. The product portfolio of the company includes Forming Fabric, Metallic Wire Cloth, Dandy Roll, Synthetic Woven Fabrics, and Accessories etc. The company also provides stainless steel sieve mesh used in cylinder mould paper machines, fiber cement mills, and pulp mills.

Shalimar Wires Industries Headlines

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