Aztec Fluids & Machinery (BOM:544177) ROCE %: 16.90% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:544177 Aztec Fluids & Machinery Ltd BOM:544177
17 GF Score
Price ₹92.70
! 2 Warning Signs
View Full Analysis

What is Aztec Fluids & Machinery ROCE %?

Aztec Fluids & Machinery BOM:544177 -2.42% 17 ROCE % is 16.90% as of Mar. 2026. GuruFocus rates BOM:544177 with a GF Score™ of 17/100. The stock has 2 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. Aztec Fluids & Machinery's annualized ROCE % for the quarter that ended in Mar. 2026 was 16.90%.

Aztec Fluids & Machinery  (BOM:544177) 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.

Aztec Fluids & Machinery ROCE % Related Terms

Aztec Fluids & Machinery ROCE % Historical Data

* Premium members only.

The historical data trend for Aztec Fluids & Machinery'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.

Aztec Fluids & Machinery ROCE % Chart

Aztec Fluids & Machinery Annual Data
Trend Mar21 Mar22 Mar23 Mar25 Mar26
ROCE %
29.52 31.36 28.20 32.99 21.06

Aztec Fluids & Machinery Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Sep24 Mar25 Sep25 Mar26
ROCE % Get a 7-Day Free Trial 55.96 38.04 18.42 25.26 16.90
BOM:544177
17GF Score
Aztec Fluids & Machinery Ltd BOM:544177
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aztec Fluids & Machinery ROCE % Calculation

Aztec Fluids & Machinery'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 )
=117.597/( ( (888.073 - 365.045) + (1074.182 - 480.515) )/ 2 )
=117.597/( (523.028+593.667)/ 2 )
=117.597/558.3475
=21.06 %

Aztec Fluids & Machinery'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: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=97.846/( ( (1032.79 - 468.392) + (1074.182 - 480.515) )/ 2 )
=97.846/( ( 564.398 + 593.667 )/ 2 )
=97.846/579.0325
=16.90 %

(1) Note: The EBIT data used here is two times the semi-annual (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 16.90% mean?
Aztec Fluids & Machinery (BOM:544177) has a ROCE % of 16.90% as of Mar. 2026.
Is Aztec Fluids & Machinery's ROCE % too high?
Aztec Fluids & Machinery's current ROCE % is 16.90%. The Industrial Products industry median ROCE % is 7.30. Aztec Fluids & Machinery's value of 16.90% is 131.5% above this industry median. Overall, Aztec Fluids & Machinery has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Aztec Fluids & Machinery's ROCE % compare to GEV and ETN?
Aztec Fluids & Machinery's ROCE % of 16.90% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.30. Aztec Fluids & Machinery's value of 16.90% is 131.5% 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 an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.30, based on 3,032 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. Aztec Fluids & Machinery's current ROCE % of 16.90% is 131.5% 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 Industrial Products industry, the median ROCE % is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aztec Fluids & Machinery's current ROCE % is 16.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aztec Fluids & Machinery stock overvalued right now?
Aztec Fluids & Machinery (BOM:544177) has a current ROCE % of 16.90%. The current ROCE % is 16.90% and 131.5% above the Industrial Products industry median of 7.30. Aztec Fluids & Machinery's overall GF Score™ is 17/100 with 2 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 Aztec Fluids & Machinery (BOM:544177), the current ROCE % is 16.90% 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.

Aztec Fluids & Machinery Business Description

Address Near Krishnabag Four Road, Part H Plinth,4th Floor, Takshashila Square, Maninagar, Ahmedabad, GJ, IND, 380028
Aztec Fluids & Machinery Ltd provides coding and marking solutions to a diverse range of industries such as personal care, food & beverages, pharmaceuticals, construction materials, cables, wires & pipes, metals, automotive & electronics, agrochemicals, chemicals & petrochemicals, etc. The company operates in a single segment which is Manufacturing of Printers, trading of inks used therein and consumables. Its product portfolio includes (i) printers such as continuous inkjet printers (CIJ), Thermal Transfer Over printers (TTO), Drop on demand printers (DOD), NIJ printers (i.e. piezoelectric printers), and laser printers (ii) printer inks and (iii) printer consumable items i.e. makeup and cleaning solvents.
17GF Score

Get the complete analysis for BOM:544177

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

₹92.70
Price