Technocraft Industries (India) (NSE:TIIL) ROCE % : 14.22% (As of Dec. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Technocraft Industries (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. Technocraft Industries (India)'s annualized ROCE % for the quarter that ended in Dec. 2024 was 14.22%.

Technocraft Industries (India) ROCE % Historical Data

The historical data trend for Technocraft Industries (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.

* Premium members only.

Technocraft Industries (India) ROCE % Chart

Technocraft Industries (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

18.57

18.08

28.28

26.30

23.90

Technocraft Industries (India) 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															20.77	18.21	25.42	21.73	14.22

Technocraft Industries (India) ROCE % Calculation

Technocraft Industries (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 )
	=	4091.273	/	( ( (23642.558 - 8595.596)	+	(26924.179 - 7728.62) )	/ 2 )
	=	4091.273	/	( (15046.962	+	19195.559)	/ 2 )
	=	4091.273	/	17121.2605
	=	23.90 %

Technocraft Industries (India)'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 )
	=	2795.528	/	( ( (28600.331 - 8945.216)	+	(0 - 0) )	/ 1 )
	=	2795.528	/	( ( 19655.115	+	0 )	/ 1 )
	=	2795.528	/	19655.115
	=	14.22 %

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

Technocraft Industries (India) (NSE:TIIL) 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.

Technocraft Industries (India) ROCE % Related Terms

Thank you for viewing the detailed overview of Technocraft Industries (India)'s ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Technocraft Industries (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Technocraft Industries (India) Ltd (NSE:TIIL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

532804:India

Address

Road No. 3, Technocraft House, A-25, MIDC Industrial Estate, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.technocraftgroup.com

Technocraft Industries (India) Ltd is an India-based company engaged in drum closures, scaffolding, engineering, and textile businesses. It offers various products, including steel plated drum closures, stainless steel drum closures, steel lacquer drum closures, nylon plugs; knitted and crocheted cotton fabrics, tubes, and scaffolding. The company's segments include Drum Closures, Scaffoldings, Engineering and Design, Yarn, Fabric, and Others. Maximum revenue is derived from its scaffolding division. Geographically, the company caters to both Indian and international markets of which, maximum revenue is derived from its customers located outside India.

Technocraft Industries (India) Headlines

No Headlines