Hindprakash Industries Ltd (NSE:HPIL) ROCE % : 8.46% (As of Dec. 2024)

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What is Hindprakash Industries Ltd 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. Hindprakash Industries Ltd's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.46%.

Hindprakash Industries Ltd ROCE % Historical Data

The historical data trend for Hindprakash Industries Ltd'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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Hindprakash Industries Ltd ROCE % Chart

Hindprakash Industries Ltd Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.38

10.54

10.55

11.10

9.56

Hindprakash Industries Ltd Quarterly Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															13.98	7.41	7.60	11.82	8.46

Hindprakash Industries Ltd ROCE % Calculation

Hindprakash Industries Ltd'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 )
	=	46.632	/	( ( (799.556 - 345.33)	+	(846.952 - 325.836) )	/ 2 )
	=	46.632	/	( (454.226	+	521.116)	/ 2 )
	=	46.632	/	487.671
	=	9.56 %

Hindprakash Industries Ltd'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 )
	=	44.336	/	( ( (877.125 - 352.918)	+	(0 - 0) )	/ 1 )
	=	44.336	/	( ( 524.207	+	0 )	/ 1 )
	=	44.336	/	524.207
	=	8.46 %

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

Hindprakash Industries Ltd (NSE:HPIL) 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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Hindprakash Industries Ltd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hindprakash Industries Ltd (NSE:HPIL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

543645:India

Address

301, Hindprakash House, Plot No. 10/6, Phase-I, GIDC, Vatva, Ahmedabad, GJ, IND, 382 445

Website

https://www.hindprakash.in

Hindprakash Industries Ltd is an Indian company engaged in the manufacturing, dealing, and trading of dyes, intermediates, auxiliary, chemicals, and other merchandise. The company's products include Dyestuff, Dyes intermediates, Textile chemicals and aux, and Water treatments. It earns revenues from the manufacturing of dyes.