TVS Electronics (NSE:TVSELECT) ROCE %: 18.75% (As of Mar. 2026)

What is TVS Electronics ROCE %?

TVS Electronics NSE:TVSELECT +5.97% 73 ROCE % is 18.75% as of Mar. 2026. GuruFocus rates NSE:TVSELECT with a GF Score™ of 73/100 and a GF Value™ of ₹451.69 (Modestly Overvalued). The stock has 3 warning signs investors should review.

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. TVS Electronics's annualized ROCE % for the quarter that ended in Mar. 2026 was 18.75%.

TVS Electronics (NSE:TVSELECT) 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.

TVS Electronics ROCE % Related Terms

TVS Electronics ROCE % Historical Data

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The historical data trend for TVS Electronics'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.

TVS Electronics ROCE % Chart

TVS Electronics Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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23.69

13.66

1.13

-1.27

6.82

TVS Electronics Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															-6.06	-8.87	10.70	7.18	18.75

73GF Score

TVS Electronics Ltd NSE:TVSELECT

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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TVS Electronics ROCE % Calculation

TVS Electronics's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	74.4	/	( ( (2607 - 1511.1)	+	(2825.4 - 1739.8) )	/ 2 )
	=	74.4	/	( (1095.9	+	1085.6)	/ 2 )
	=	74.4	/	1090.75
	=	6.82 %

TVS Electronics's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	203.6	/	( ( (0 - 0)	+	(2825.4 - 1739.8) )	/ 1 )
	=	203.6	/	( ( 0	+	1085.6 )	/ 1 )
	=	203.6	/	1085.6
	=	18.75 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 18.75% mean?

TVS Electronics (NSE:TVSELECT) has a ROCE % of 18.75% as of Mar. 2026.

Is TVS Electronics' ROCE % too high?

TVS Electronics' current ROCE % is 18.75%. The Hardware industry median ROCE % is 5.83. TVS Electronics' value of 18.75% is 221.6% above this industry median. Overall, TVS Electronics has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does TVS Electronics' ROCE % compare to DELL and SNDK?

TVS Electronics' ROCE % of 18.75% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. TVS Electronics' value of 18.75% is 221.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Hardware company?

The median ROCE % among Hardware companies is 5.83, based on 2,445 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TVS Electronics's current ROCE % of 18.75% is 221.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TVS Electronics's current ROCE % is 18.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TVS Electronics stock overvalued right now?

Based on GuruFocus' analysis, TVS Electronics (NSE:TVSELECT) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹451.69, compared to a current price of ₹501.50 — trading 11% above its estimated fair value. The current ROCE % is 18.75% and 221.6% above the Hardware industry median of 5.83. TVS Electronics' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For TVS Electronics (NSE:TVSELECT), the current ROCE % is 18.75% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TVS Electronics (NSE:TVSELECT) Overvalued in 2026?

Based on GuruFocus' analysis, TVS Electronics stock appears to be overvalued. The current stock price of ₹501.50 is trading 11% above its estimated GF Value™ of ₹451.69. GuruFocus considers TVS Electronics to be Modestly Overvalued.

Key valuation signals for NSE:TVSELECT:

ROCE %: 18.75%
GF Value™: ₹451.69 vs. price of ₹501.50 (11% above fair value)
GF Score™: 73/100 with 3 warning signs
Industry Position: 221.6% above the Hardware median

No single metric tells the full story. See the NSE:TVSELECT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TVS Electronics Business Description

Industry Technology Hardware

Comparable Companies NSE:WOL3D BOM:532373 BOM:543713 BOM:544287 BOM:517044 BOM:532354 BOM:517399 BOM:543932 DELL SNDK ANET STX WDC SHSE:688041 SHSE:688795 TPE:2382 SZSE:002415 HKSE:00992 SZSE:301308 TPE:6669

Other Exchanges 532513:India

Address No. 117/1, L.B. Road, Arihant E-Park, 9th Floor, Adyar, Chennai, TN, IND, 600 020

Website https://www.tvs-e.in

TVS Electronics Ltd is a manufacturer and service provider of Transaction Automation IT Products. The company's operating segments include Products & Solutions; and Customer support services. The company generates maximum revenue from the Products & Solutions segment that designs, manufactures, assembles, markets, sells, and services various transaction automation products like Dot Matrix Printers, Thermal Printers, Label Printers, CCTV Cameras, Mechanical Keyboards, Membrane Keyboards, Mouse, Barcode Scanners, Electronic Cash Registers and Currency Counting Machines. The company provides services for products such as IT products, Telecom, Banking, Retail Automation, Consumer Electronics, and Security Devices.

73GF Score

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₹501.50

Price

₹451.69

GF Value

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