Sharda Motor Industries (NSE:SHARDAMOTR) ROCE % : 45.58% (As of Sep. 2024)

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What is Sharda Motor Industries 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. Sharda Motor Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 45.58%.

Sharda Motor Industries ROCE % Historical Data

The historical data trend for Sharda Motor Industries'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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Sharda Motor Industries ROCE % Chart

Sharda Motor Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.34

25.80

39.29

40.51

43.87

Sharda Motor Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															48.70	47.31	44.99	39.60	45.58

Sharda Motor Industries ROCE % Calculation

Sharda Motor Industries'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 )
	=	4014.255	/	( ( (13889.253 - 5986.866)	+	(16278.46 - 5880.171) )	/ 2 )
	=	4014.255	/	( (7902.387	+	10398.289)	/ 2 )
	=	4014.255	/	9150.338
	=	43.87 %

Sharda Motor Industries's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	4264.476	/	( ( (0 - 0)	+	(15759.772 - 6404.394) )	/ 1 )
	=	4264.476	/	( ( 0	+	9355.378 )	/ 1 )
	=	4264.476	/	9355.378
	=	45.58 %

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

Sharda Motor Industries (NSE:SHARDAMOTR) 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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Sharda Motor Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sharda Motor Industries Ltd (NSE:SHARDAMOTR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

535602:India

Address

D-188, Okhla Industrial Area, Phase - I, New Delhi, IND, 110020

Website

https://www.shardamotor.com

Sharda Motor Industries Ltd is engaged in the manufacturing and assembly of auto components and white goods components. Its product portfolio includes exhaust systems, catalytic converters, suspension systems, sheet metal components, and plastic parts for the automotive and white goods industries. It operates in a single segment which is manufacturing and trading of auto component parts. Geographically, the company caters to both Indian and international markets and derives a majority of its revenue from its business in India.

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