Vraj Iron and Steel (NSE:VRAJ) ROCE % : 11.96% (As of Dec. 2024)

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What is Vraj Iron and Steel 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. Vraj Iron and Steel's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.96%.

Vraj Iron and Steel ROCE % Historical Data

The historical data trend for Vraj Iron and Steel'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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Vraj Iron and Steel ROCE % Chart

Vraj Iron and Steel Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

24.30

42.79

57.10

Vraj Iron and Steel Quarterly Data
	Mar21	Mar22	Mar23	Sep23	Dec23	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial			-	69.29	20.75	18.34	11.96

Vraj Iron and Steel ROCE % Calculation

Vraj Iron and Steel's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	748.73	/	( ( (1507.74 - 420.72)	+	(1915.39 - 379.95) )	/ 2 )
	=	748.73	/	( (1087.02	+	1535.44)	/ 2 )
	=	748.73	/	1311.23
	=	57.10 %

Vraj Iron and Steel'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 )
	=	458.76	/	( ( (4072.76 - 235.87)	+	(0 - 0) )	/ 1 )
	=	458.76	/	( ( 3836.89	+	0 )	/ 1 )
	=	458.76	/	3836.89
	=	11.96 %

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

Vraj Iron and Steel (NSE:VRAJ) 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.

Vraj Iron and Steel ROCE % Related Terms

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Vraj Iron and Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vraj Iron and Steel Ltd (NSE:VRAJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

544204:India

Address

First Floor, Plot No 63 & 66, Ph No 113, Mother Teresa Ward No. 43, Jalvihar Colony, Raipur, CT, IND, 492001

Website

https://www.vrajtmt.in

Vraj Iron and Steel Ltd is engaged in the manufacturing & trading of Iron and Steel & Power. The company offers products such as Sponge Iron, TMT Bar, and MS Billets under the brand Vraj. The company generates the majority of its revenue from the sale of products.

Vraj Iron and Steel Headlines

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