Emerald Tyre Manufacturers (NSE:ETML) ROCE %: 21.64% (As of Mar. 2025)


NSE:ETML Emerald Tyre Manufacturers Ltd NSE:ETML
16 GF Score
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What is Emerald Tyre Manufacturers ROCE %?

Emerald Tyre Manufacturers NSE:ETML +2.06% 16 ROCE % is 21.64% as of Mar. 2025. GuruFocus rates NSE:ETML with a GF Score™ of 16/100. 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. Emerald Tyre Manufacturers's annualized ROCE % for the quarter that ended in Mar. 2025 was 21.64%.

Emerald Tyre Manufacturers  (NSE:ETML) 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.

Emerald Tyre Manufacturers ROCE % Related Terms

Emerald Tyre Manufacturers ROCE % Historical Data

* Premium members only.

The historical data trend for Emerald Tyre Manufacturers'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.

Emerald Tyre Manufacturers ROCE % Chart

Emerald Tyre Manufacturers Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
ROCE %
0.88 17.67 26.68 30.69 21.64

Emerald Tyre Manufacturers Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
ROCE % 0.88 17.67 26.68 30.69 21.64
NSE:ETML
16GF Score
Emerald Tyre Manufacturers Ltd NSE:ETML
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Emerald Tyre Manufacturers ROCE % Calculation

Emerald Tyre Manufacturers's annualized ROCE % for the fiscal year that ended in Mar. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=228.639/( ( (1739.859 - 927.319) + (2371.083 - 1070.029) )/ 2 )
=228.639/( (812.54+1301.054)/ 2 )
=228.639/1056.797
=21.64 %

Emerald Tyre Manufacturers's ROCE % of for the quarter that ended in Mar. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2025 )  (Q: Mar. 2024 )(Q: Mar. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2025 )  (Q: Mar. 2024 )(Q: Mar. 2025 )
=228.639/( ( (1739.859 - 927.319) + (2371.083 - 1070.029) )/ 2 )
=228.639/( ( 812.54 + 1301.054 )/ 2 )
=228.639/1056.797
=21.64 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2025) 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 21.64% mean?
Emerald Tyre Manufacturers (NSE:ETML) has a ROCE % of 21.64% as of Mar. 2025.
Is Emerald Tyre Manufacturers' ROCE % too high?
Emerald Tyre Manufacturers' current ROCE % is 21.64%. The Vehicles & Parts industry median ROCE % is 7.94. Emerald Tyre Manufacturers' value of 21.64% is 172.5% above this industry median. Overall, Emerald Tyre Manufacturers has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Emerald Tyre Manufacturers' ROCE % compare to ORLY and AZO?
Emerald Tyre Manufacturers' ROCE % of 21.64% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Emerald Tyre Manufacturers' value of 21.64% is 172.5% 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 Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 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. Emerald Tyre Manufacturers's current ROCE % of 21.64% is 172.5% 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 Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emerald Tyre Manufacturers's current ROCE % is 21.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerald Tyre Manufacturers stock overvalued right now?
Emerald Tyre Manufacturers (NSE:ETML) has a current ROCE % of 21.64%. The current ROCE % is 21.64% and 172.5% above the Vehicles & Parts industry median of 7.94. Emerald Tyre Manufacturers' overall GF Score™ is 16/100 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 Emerald Tyre Manufacturers (NSE:ETML), the current ROCE % is 21.64% as of Mar. 2025. 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.

Emerald Tyre Manufacturers Business Description

Address Second Street Porur Gardens, Emerald House, Plot No.2, Phase-I, Vanagaram, Tiruvallur, Poonamallee, TN, IND, 600095
Emerald Tyre Manufacturers Ltd is engaged in the Business of Manufacturing, Supplying and Services for a comprehensive range of tyres for material handling applications, like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders, etc.
16GF Score

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