IG Petrochemicals (NSE:IGPL) ROCE % : 9.70% (As of Dec. 2024)

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What is IG Petrochemicals 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. IG Petrochemicals's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.70%.

IG Petrochemicals ROCE % Historical Data

The historical data trend for IG Petrochemicals'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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IG Petrochemicals ROCE % Chart

IG Petrochemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.10

28.28

32.76

21.20

5.45

IG Petrochemicals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-3.02	5.26	13.91	12.60	9.70

IG Petrochemicals ROCE % Calculation

IG Petrochemicals'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 )
	=	838.166	/	( ( (19919.175 - 4939.738)	+	(21350.084 - 5594.185) )	/ 2 )
	=	838.166	/	( (14979.437	+	15755.899)	/ 2 )
	=	838.166	/	15367.668
	=	5.45 %

IG Petrochemicals'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 )
	=	1550.404	/	( ( (22373.182 - 6381.997)	+	(0 - 0) )	/ 1 )
	=	1550.404	/	( ( 15991.185	+	0 )	/ 1 )
	=	1550.404	/	15991.185
	=	9.70 %

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

IG Petrochemicals (NSE:IGPL) 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.

IG Petrochemicals ROCE % Related Terms

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IG Petrochemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » IG Petrochemicals Ltd (NSE:IGPL) » Definitions » ROCE %

Traded in Other Exchanges

500199:India

Address

214, Nariman Point, Free Press Journal Marg, 401- 404, Raheja Centre, Mumbai, MH, IND, 400021

Website

https://www.igpetro.com

IG Petrochemicals Ltd is engaged in the manufacture and sale of organic chemicals. The company produces Phthalic Anhydride, Maleic Anhydride, and Benzoic Acid. Phthalic Anhydride is used for the manufacture of polyvinyl chloride products for manufacturing a range of consumer care, personal care, and home care products like shoes, pipes and hoses, boxes, containers, packaging films, medical and surgical equipment, and others. Geographically, the firm has a presence in both the Indian and international markets of which the Indian region accounts for the majority of revenue.

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