Meghmani Organics (BOM:543331) ROCE % : 4.29% (As of Dec. 2024)

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What is Meghmani Organics 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. Meghmani Organics's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.29%.

Meghmani Organics ROCE % Historical Data

The historical data trend for Meghmani Organics'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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Meghmani Organics ROCE % Chart

Meghmani Organics Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.32

20.96

26.62

16.70

-4.07

Meghmani Organics 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															-4.09	-4.32	-1.76	3.60	4.29

Meghmani Organics ROCE % Calculation

Meghmani Organics'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 )
	=	-844.216	/	( ( (31984.428 - 10300.345)	+	(30401.408 - 10562.528) )	/ 2 )
	=	-844.216	/	( (21684.083	+	19838.88)	/ 2 )
	=	-844.216	/	20761.4815
	=	-4.07 %

Meghmani Organics'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 )
	=	811.792	/	( ( (31938.364 - 13005.839)	+	(0 - 0) )	/ 1 )
	=	811.792	/	( ( 18932.525	+	0 )	/ 1 )
	=	811.792	/	18932.525
	=	4.29 %

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

Meghmani Organics (BOM:543331) 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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Meghmani Organics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Meghmani Organics Ltd (BOM:543331) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MOL:India

Address

Near Raj Bunglows, Near Safal Profitaire, Prahlad Nagar, 1st to 3rd Floor, Meghmani House, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.meghmani.com

Meghmani Organics Ltd is engaged in the manufacturing of pigments and agrochemicals. The company operates through business divisions namely Pigments and Agrochemicals. The Pigments division is engaged in the manufacture and distribution of phthalocyanine green 7, copper phthalocyanine blue, alpha blue, and beta blue. The Agrochemicals Division, the key revenue-generating segment, is engaged in the manufacturing and distribution of technical, intermediates, and formulations of Crop Protection Chemicals. It has a presence in India as well as Outside India.

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