CMM Infraprojects (NSE:CMMIPL) ROCE %: 23.47% (As of Mar. 2018)


What is CMM Infraprojects ROCE %?

CMM Infraprojects NSE:CMMIPL ROCE % is 23.47% as of Mar. 2018.

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. CMM Infraprojects's annualized ROCE % for the quarter that ended in Mar. 2018 was 23.47%.

CMM Infraprojects  (NSE:CMMIPL) 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.

CMM Infraprojects ROCE % Related Terms

CMM Infraprojects ROCE % Historical Data

* Premium members only.

The historical data trend for CMM Infraprojects'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.

CMM Infraprojects ROCE % Chart

CMM Infraprojects Annual Data
Trend Mar17 Mar18
ROCE %
16.76 24.37

CMM Infraprojects Semi-Annual Data
Mar17 Sep17 Mar18
ROCE % 0.00 27.82 23.47

CMM Infraprojects ROCE % Calculation

CMM Infraprojects's annualized ROCE % for the fiscal year that ended in Mar. 2018 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2018 )  (A: Mar. 2017 )(A: Mar. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2018 )  (A: Mar. 2017 )(A: Mar. 2018 )
=179.029/( ( (1063.111 - 393.249) + (1401.337 - 601.808) )/ 2 )
=179.029/( (669.862+799.529)/ 2 )
=179.029/734.6955
=24.37 %

CMM Infraprojects's ROCE % of for the quarter that ended in Mar. 2018 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2018 )  (Q: Sep. 2017 )(Q: Mar. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2018 )  (Q: Sep. 2017 )(Q: Mar. 2018 )
=160.632/( ( (1203.886 - 634.808) + (1401.337 - 601.808) )/ 2 )
=160.632/( ( 569.078 + 799.529 )/ 2 )
=160.632/684.3035
=23.47 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2018) 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 23.47% mean?
CMM Infraprojects (NSE:CMMIPL) has a ROCE % of 23.47% as of Mar. 2018.
Is CMM Infraprojects' ROCE % too high?
CMM Infraprojects' current ROCE % is 23.47%. The Construction industry median ROCE % is 8.22. CMM Infraprojects' value of 23.47% is 185.5% above this industry median.
How does CMM Infraprojects' ROCE % compare to competitors?
CMM Infraprojects' ROCE % of 23.47% can be compared against companies in the Construction industry. The industry median ROCE % is 8.22. CMM Infraprojects' value of 23.47% is 185.5% 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 a Construction company?
The median ROCE % among Construction companies is 8.22, based on 1,754 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. CMM Infraprojects's current ROCE % of 23.47% is 185.5% 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 Construction industry, the median ROCE % is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMM Infraprojects's current ROCE % is 23.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMM Infraprojects stock overvalued right now?
CMM Infraprojects (NSE:CMMIPL) has a current ROCE % of 23.47%. The current ROCE % is 23.47% and 185.5% above the Construction industry median of 8.22. 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 CMM Infraprojects (NSE:CMMIPL), the current ROCE % is 23.47% as of Mar. 2018. 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.

CMM Infraprojects Business Description

Address 108, Shalimar Corporate Centre, 8-B South Tukoganj, Indore, MP, IND, 452001
CMM Infraprojects Ltd is engaged in civil engineering activities. It is an engineering and construction contractor in the fields of constructing public housing, commercial complexes, public parks, corporate & IT offices, sewerage & irrigation projects and highways. It has construction projects across the nation.