Manglam Infra and Engineering (NSE:MIEL) ROCE % : 62.56% (As of Mar. 2024)

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What is Manglam Infra and Engineering 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. Manglam Infra and Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 62.56%.

Manglam Infra and Engineering ROCE % Historical Data

The historical data trend for Manglam Infra and Engineering'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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Manglam Infra and Engineering ROCE % Chart

Manglam Infra and Engineering Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

56.56

80.69

62.56

Manglam Infra and Engineering Semi-Annual Data
	Mar22	Mar23	Mar24
ROCE %	56.56	80.69	62.56

Manglam Infra and Engineering ROCE % Calculation

Manglam Infra and Engineering'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 )
	=	96.188	/	( ( (210.413 - 97.386)	+	(331.823 - 137.328) )	/ 2 )
	=	96.188	/	( (113.027	+	194.495)	/ 2 )
	=	96.188	/	153.761
	=	62.56 %

Manglam Infra and Engineering's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	96.188	/	( ( (210.413 - 97.386)	+	(331.823 - 137.328) )	/ 2 )
	=	96.188	/	( ( 113.027	+	194.495 )	/ 2 )
	=	96.188	/	153.761
	=	62.56 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

Manglam Infra and Engineering (NSE:MIEL) 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.

Manglam Infra and Engineering ROCE % Related Terms

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Manglam Infra and Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Manglam Infra and Engineering Ltd (NSE:MIEL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

E-8/31, Area Colony, Near Bus Stop No.12, Bhopal, MP, IND, 462039

Website

https://www.manglaminfra.com

Mangalam Infra and Engineering Ltd is an infrastructure consultancy company. It is providing project management consultancy services which includes detailed project reports (DPRs), Supervision and quality control (SQC), and operation & maintenance (O & M) for Highways/Roads, Bridges, Tunnels, Buildings/Urban development. It has cater to various state governments of Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand and Haryana and central government.

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