Tara Chand Infralogistic Solutions (NSE:TARACHAND) ROCE % : 21.44% (As of Mar. 2024)

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What is Tara Chand Infralogistic Solutions 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. Tara Chand Infralogistic Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.44%.

Tara Chand Infralogistic Solutions ROCE % Historical Data

The historical data trend for Tara Chand Infralogistic Solutions'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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Tara Chand Infralogistic Solutions ROCE % Chart

Tara Chand Infralogistic Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.87

7.31

8.09

12.80

15.25

Tara Chand Infralogistic Solutions 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															13.08	14.02	11.77	13.74	21.44

Tara Chand Infralogistic Solutions ROCE % Calculation

Tara Chand Infralogistic Solutions'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 )
	=	288.516	/	( ( (2264.538 - 544.966)	+	(2570.154 - 504.911) )	/ 2 )
	=	288.516	/	( (1719.572	+	2065.243)	/ 2 )
	=	288.516	/	1892.4075
	=	15.25 %

Tara Chand Infralogistic Solutions'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 )
	=	442.868	/	( ( (0 - 0)	+	(2570.154 - 504.911) )	/ 1 )
	=	442.868	/	( ( 0	+	2065.243 )	/ 1 )
	=	442.868	/	2065.243
	=	21.44 %

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

Tara Chand Infralogistic Solutions (NSE:TARACHAND) 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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Tara Chand Infralogistic Solutions (NSE:TARACHAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tara Chand Infralogistic Solutions Ltd (NSE:TARACHAND) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

342, Industrial Area, Phase I, Chandigarh, IND, 160002

Website

https://www.tarachandindia.in

Tara Chand Infralogistic Solutions Ltd is an Indian company that provides heavy lifting equipment for infrastructure and construction projects. The company is actively engaged in key metro projects in India, largely in Tier 1 and 2 cities, with its large fleet of Hydraulic Piling Rigs, heavy lifting capacity Cranes, and Concrete Construction Machinery. The company has three segments including Transport and handling services, Equipment rental services, and Steel processing and distribution.

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