IC Electricals Co (NSE:ICELCO) ROCE %: 42.88% (As of Mar. 2026)

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NSE:ICELCO IC Electricals Co Ltd NSE:ICELCO
17 GF Score
Price ₹120.55
! 3 Warning Signs
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What is IC Electricals Co ROCE %?

IC Electricals Co NSE:ICELCO +1.35% 17 ROCE % is 42.88% as of Mar. 2026. GuruFocus rates NSE:ICELCO with a GF Score™ of 17/100. 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. IC Electricals Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 42.88%.

IC Electricals Co  (NSE:ICELCO) 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.

IC Electricals Co ROCE % Related Terms

IC Electricals Co ROCE % Historical Data

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The historical data trend for IC Electricals Co'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.

IC Electricals Co ROCE % Chart

IC Electricals Co Annual Data
Trend Mar23 Mar24 Mar25 Mar26
ROCE %
25.75 36.71 42.28 42.88

IC Electricals Co Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
ROCE % 25.75 36.71 42.28 42.88
NSE:ICELCO
17GF Score
IC Electricals Co Ltd NSE:ICELCO
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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IC Electricals Co ROCE % Calculation

IC Electricals Co'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 )
=256.799/( ( (1600.421 - 1074.326) + (1934.445 - 1262.682) )/ 2 )
=256.799/( (526.095+671.763)/ 2 )
=256.799/598.929
=42.88 %

IC Electricals Co'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: Mar. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Mar. 2025 )(Q: Mar. 2026 )
=256.799/( ( (1600.421 - 1074.326) + (1934.445 - 1262.682) )/ 2 )
=256.799/( ( 526.095 + 671.763 )/ 2 )
=256.799/598.929
=42.88 %

(1) Note: The EBIT data used here is one times the 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 42.88% mean?
IC Electricals Co (NSE:ICELCO) has a ROCE % of 42.88% as of Mar. 2026.
Is IC Electricals Co's ROCE % too high?
IC Electricals Co's current ROCE % is 42.88%. The Transportation industry median ROCE % is 7.90. IC Electricals Co's value of 42.88% is 442.8% above this industry median. Overall, IC Electricals Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does IC Electricals Co's ROCE % compare to UNP and CSX?
IC Electricals Co's ROCE % of 42.88% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.90. IC Electricals Co's value of 42.88% is 442.8% 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 Transportation company?
The median ROCE % among Transportation companies is 7.90, based on 1,001 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. IC Electricals Co's current ROCE % of 42.88% is 442.8% 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 Transportation industry, the median ROCE % is 7.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IC Electricals Co's current ROCE % is 42.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IC Electricals Co stock overvalued right now?
IC Electricals Co (NSE:ICELCO) has a current ROCE % of 42.88%. The current ROCE % is 42.88% and 442.8% above the Transportation industry median of 7.90. IC Electricals Co's overall GF Score™ is 17/100 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 IC Electricals Co (NSE:ICELCO), the current ROCE % is 42.88% 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.

IC Electricals Co Business Description

Address 1002-1003, 10th Floor, DLF Tower-A, Jasola, New Delhi, IND, 110025
IC Electricals Co Ltd is engaged in the business of manufacturing of electronic equipment for Railways Application. Its offerings include various electronic products such as regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, and vigilance control devices, compliant with the latest technical standards. Additionally, the company also manufactures railway components, including alternators, traction motors, and permanent magnet alternators with controllers. The majority of its revenue is derived from the sale of electronic products to government departments and ministries such as Ministry of Railways.
17GF Score

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

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