Citizen Solar (BOM:538786) ROCE %: 54.69% (As of Mar. 2026)

What is Citizen Solar ROCE %?

Citizen Solar BOM:538786 +1.99% 54 ROCE % is 54.69% as of Mar. 2026. GuruFocus rates BOM:538786 with a GF Score™ of 54/100 and a GF Value™ of ₹2,899.53 (Significantly 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. Citizen Solar's annualized ROCE % for the quarter that ended in Mar. 2026 was 54.69%.

Citizen Solar (BOM:538786) 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.

Citizen Solar ROCE % Related Terms

Citizen Solar ROCE % Historical Data

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The historical data trend for Citizen Solar'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.

Citizen Solar ROCE % Chart

Citizen Solar Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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-1.38

0.21

0.17

396.69

53.13

Citizen Solar 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															901.95	2.18	13.70	-7.60	54.69

54GF Score

Citizen Solar Ltd BOM:538786

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Citizen Solar ROCE % Calculation

Citizen Solar'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 )
	=	324.167	/	( ( (46.428 - 0.088)	+	(1774.49 - 600.58) )	/ 2 )
	=	324.167	/	( (46.34	+	1173.91)	/ 2 )
	=	324.167	/	610.125
	=	53.13 %

Citizen Solar'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 )
	=	642.068	/	( ( (0 - 0)	+	(1774.49 - 600.58) )	/ 1 )
	=	642.068	/	( ( 0	+	1173.91 )	/ 1 )
	=	642.068	/	1173.91
	=	54.69 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 54.69% mean?

Citizen Solar (BOM:538786) has a ROCE % of 54.69% as of Mar. 2026.

Is Citizen Solar's ROCE % too high?

Citizen Solar's current ROCE % is 54.69%. The Semiconductors industry median ROCE % is 4.81. Citizen Solar's value of 54.69% is 1038.2% above this industry median. Overall, Citizen Solar has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Citizen Solar's ROCE % compare to FSLR and NXT?

Citizen Solar's ROCE % of 54.69% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.81. Citizen Solar's value of 54.69% is 1038.2% 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 Semiconductors company?

The median ROCE % among Semiconductors companies is 4.81, based on 1,016 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. Citizen Solar's current ROCE % of 54.69% is 1038.2% 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 Semiconductors industry, the median ROCE % is 4.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citizen Solar's current ROCE % is 54.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Citizen Solar stock overvalued right now?

Based on GuruFocus' analysis, Citizen Solar (BOM:538786) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,899.53, compared to a current price of ₹246.45 — trading 91.5% below its estimated fair value. The current ROCE % is 54.69% and 1038.2% above the Semiconductors industry median of 4.81. Citizen Solar's overall GF Score™ is 54/100 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 Citizen Solar (BOM:538786), the current ROCE % is 54.69% 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 Citizen Solar (BOM:538786) Overvalued in 2026?

Based on GuruFocus' analysis, Citizen Solar stock appears to be undervalued. The current stock price of ₹246.45 is trading 91.5% below its estimated GF Value™ of ₹2,899.53. GuruFocus considers Citizen Solar to be Significantly Undervalued.

Key valuation signals for BOM:538786:

ROCE %: 54.69%
GF Value™: ₹2,899.53 vs. price of ₹246.45 (91.5% below fair value)
GF Score™: 54/100 with 3 warning signs
Industry Position: 1038.2% above the Semiconductors median

No single metric tells the full story. See the BOM:538786 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Citizen Solar Business Description

Industry Technology Semiconductors

Comparable Companies BOM:544354 NSE:SAHAJSOLAR BOM:539337 NSE:ZODIACSMN BOM:544682 BOM:533298 BOM:526987 NSE:SMARTEN BOM:541228 NSE:APS FSLR NXT NSE:WAAREEENER SHSE:600438 SZSE:002056 SHSE:688223 ENPH SHSE:688472 NSE:PREMIERENE SHSE:688599

Address Ashram Road, 411, Sakar - 2, Ellisbridge Corner, Ahmedabad, GJ, IND, 380006

Website https://www.citizensolar.com

Citizen Solar Ltd operates as a solar panel and solar inverter manufacturer in India. It comprises of two main divisions that include Citizen Solar Technology and Solar Inverter Manufacturer. The company serves various industries and businesses spread across multiple verticals such as Textiles, Manufacturing, Exports, etc.

54GF Score

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

₹246.45

Price

₹2,899.53

GF Value

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