Tirupati Innovar (BOM:539040) ROCE %: -16.12% (As of Mar. 2026)

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BOM:539040 Tirupati Innovar Ltd BOM:539040
34 GF Score
Price ₹6.21
! 3 Warning Signs
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What is Tirupati Innovar ROCE %?

Tirupati Innovar BOM:539040 +0.98% 34 ROCE % is -16.12% as of Mar. 2026. GuruFocus rates BOM:539040 with a GF Score™ of 34/100. 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. Tirupati Innovar's annualized ROCE % for the quarter that ended in Mar. 2026 was -16.12%.

Tirupati Innovar  (BOM:539040) 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.

Tirupati Innovar ROCE % Related Terms

Tirupati Innovar ROCE % Historical Data

* Premium members only.

The historical data trend for Tirupati Innovar'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.

Tirupati Innovar ROCE % Chart

Tirupati Innovar Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.14 -0.27 0.22 2.34 1.45

Tirupati Innovar 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.10 6.14 13.10 2.46 -16.12
BOM:539040
34GF Score
Tirupati Innovar Ltd BOM:539040
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tirupati Innovar ROCE % Calculation

Tirupati Innovar'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 )
=8.712/( ( (699.399 - 102.969) + (2095.578 - 1487.573) )/ 2 )
=8.712/( (596.43+608.005)/ 2 )
=8.712/602.2175
=1.45 %

Tirupati Innovar'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 )
=-98.004/( ( (0 - 0) + (2095.578 - 1487.573) )/ 1 )
=-98.004/( ( 0 + 608.005 )/ 1 )
=-98.004/608.005
=-16.12 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -16.12% mean?
Tirupati Innovar (BOM:539040) has a ROCE % of -16.12% as of Mar. 2026.
Is Tirupati Innovar's ROCE % too high?
Tirupati Innovar's current ROCE % is -16.12%. Overall, Tirupati Innovar has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Tirupati Innovar's ROCE % compare to ORLY and AZO?
Tirupati Innovar's ROCE % of -16.12% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 8.47. 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 Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 8.47, based on 1,320 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. 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 Vehicles & Parts industry, the median ROCE % is 8.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tirupati Innovar's current ROCE % is -16.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tirupati Innovar stock overvalued right now?
Tirupati Innovar (BOM:539040) has a current ROCE % of -16.12%. The current ROCE % is -16.12%. Tirupati Innovar's overall GF Score™ is 34/100 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 Tirupati Innovar (BOM:539040), the current ROCE % is -16.12% 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.

Tirupati Innovar Business Description

Address Anand Nagar, Unit No. 606, Reliables Pride, Opposite Heera Panna, Jogeshwari West, Mumbai, MH, IND, 400102
Tirupati Innovar Ltd, formerly Tirupati Tyres Ltd is a tyre manufacturer in India catering to diverse business segments in the automobile industry. It manufactures and retails tires and tubes for cycles, bicycles, motorcycles, auto rickshaws, and other vehicles in India. The company serves diverse segments within the automobile industry by providing a range of rubber products tailored for different vehicle types. It operates through a network of dealers and distributors to reach its customers. Revenue prominently comes from the sale of tires and related products, supported by manufacturing and trading activities. The company focuses on delivering quality solutions aimed at meeting the needs of various transportation sectors.
34GF Score

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

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