Power Grid Of India (NSE:POWERGRID) ROCE % : 13.97% (As of Mar. 2024)

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What is Power Grid Of India 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. Power Grid Of India's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.97%.

Power Grid Of India ROCE % Historical Data

The historical data trend for Power Grid Of India'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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Power Grid Of India ROCE % Chart

Power Grid Of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.83

11.07

13.31

12.96

13.30

Power Grid Of India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.79	12.49	13.17	13.74	13.97

Power Grid Of India ROCE % Calculation

Power Grid Of India'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 )
	=	278580.9	/	( ( (2502955.5 - 383058.1)	+	(2508905.2 - 438826.8) )	/ 2 )
	=	278580.9	/	( (2119897.4	+	2070078.4)	/ 2 )
	=	278580.9	/	2094987.9
	=	13.30 %

Power Grid Of India'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	289160.8	/	( ( (0 - 0)	+	(2508905.2 - 438826.8) )	/ 1 )
	=	289160.8	/	( ( 0	+	2070078.4 )	/ 1 )
	=	289160.8	/	2070078.4
	=	13.97 %

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

Power Grid Of India (NSE:POWERGRID) 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.

Power Grid Of India ROCE % Related Terms

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Power Grid Of India (NSE:POWERGRID) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Power Grid Corp Of India Ltd (NSE:POWERGRID) » Definitions » ROCE %

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532898:India

Address

Saudamini, Plot No. 2, Sector 29, Gurgaon, HR, IND, 122 001

Website

https://www.powergrid.in

Power Grid Corp Of India Ltd is a state-owned electric utility company in India. The activities of the firm are operated through Transmission, Telecom, and Consultancy segments. Under the Transmission division, the company's principal business is the transmission of bulk power across different states of India. Whereas the Telecom division leverages firm's nationwide transmission infrastructure and operates as a neutral carrier in the point to point Bandwidth Leasing Business. The company is also involved in Consultancy business in which it provides in-house expertise in the Transmission, Distribution and Telecom sectors, including planning design, engineering, load dispatch, procurement management, financing, and other. Geographically all the activities are carried out in India.

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