VL Infraprojects (NSE:VLINFRA) ROCE % : 56.95% (As of Mar. 2024)

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What is VL Infraprojects 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. VL Infraprojects's annualized ROCE % for the quarter that ended in Mar. 2024 was 56.95%.

VL Infraprojects ROCE % Historical Data

The historical data trend for VL Infraprojects'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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VL Infraprojects ROCE % Chart

VL Infraprojects Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

25.43

27.03

37.08

62.53

VL Infraprojects Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
ROCE %	-	-	-	69.04	56.95

VL Infraprojects ROCE % Calculation

VL Infraprojects'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 )
	=	102.358	/	( ( (283.624 - 154.879)	+	(569.139 - 370.486) )	/ 2 )
	=	102.358	/	( (128.745	+	198.653)	/ 2 )
	=	102.358	/	163.699
	=	62.53 %

VL Infraprojects'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	103.444	/	( ( (497.898 - 333.259)	+	(569.139 - 370.486) )	/ 2 )
	=	103.444	/	( ( 164.639	+	198.653 )	/ 2 )
	=	103.444	/	181.646
	=	56.95 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

VL Infraprojects (NSE:VLINFRA) 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.

VL Infraprojects ROCE % Related Terms

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VL Infraprojects Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » VL Infraprojects Ltd (NSE:VLINFRA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Vakil saheb Bridge Bopal, Office at 716, Shivalik Satyamev, Ahmedabad, GJ, IND, 380058

Website

https://www.vlil.in

VL Infraprojects Ltd provides designing, construction, and commissioning of various types of government projects especially in water infrastructure and irrigation segment. It is engaged in executing water supply and sewerage infrastructure projects mainly involving the procurement of pipes and their laying, joining, and commissioning with backward integration including all allied civil engineering works like construction of civil work, pumping stations and installation of electro-mechanical equipment's (pumping machinery) for distribution of water supply from the river to household. The company also provide operations & maintenance services for water distribution pipelines.

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