India Shelter Finance (BOM:544044) ROCE % : 6.27% (As of Dec. 2024)

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What is India Shelter Finance 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. India Shelter Finance's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.27%.

India Shelter Finance ROCE % Historical Data

The historical data trend for India Shelter Finance'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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India Shelter Finance ROCE % Chart

India Shelter Finance Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

8.31

10.86

7.76

7.59

India Shelter Finance Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial							10.10	14.63	6.34	5.74	6.27

India Shelter Finance ROCE % Calculation

India Shelter Finance'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 )
	=	3213.377	/	( ( (42955.893 - 7773.455)	+	(57941.825 - 8485.722) )	/ 2 )
	=	3213.377	/	( (35182.438	+	49456.103)	/ 2 )
	=	3213.377	/	42319.2705
	=	7.59 %

India Shelter Finance'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 )
	=	4129.652	/	( ( (66000.796 - 85.264)	+	(0 - 0) )	/ 1 )
	=	4129.652	/	( ( 65915.532	+	0 )	/ 1 )
	=	4129.652	/	65915.532
	=	6.27 %

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

India Shelter Finance (BOM:544044) 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.

India Shelter Finance ROCE % Related Terms

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India Shelter Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » India Shelter Finance Corporation Ltd (BOM:544044) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

INDIASHLTR:India

Address

3 rd Floor, Upper Ground Floor and Lower Ground Floor, Plot No. 15, Institutional Area, Sector 44, Gurugram, HR, IND, 122002

Website

https://www.indiashelter.in

India Shelter Finance Corporation Ltd is a retail-focused affordable housing finance company. It provides housing loans and loans against properties in India and aims self-employed customers with a focus on first time home loan takers in the low and middle income group in Tier II and Tier III cities in India and has a network of 183 branches spread across 15 states that include Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Gujarat, etc. It has a single business segment which is providing housing loans and loans against properties in India only.

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