Sayaji Industries (BOM:540728) ROIC %: 9.42% (As of Mar. 2026)


BOM:540728 Sayaji Industries Ltd BOM:540728
62 GF Score
Price ₹107.95
GF Value ₹66.73
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Sayaji Industries ROIC %?

Sayaji Industries BOM:540728 +3.45% 62 ROIC % is 9.42% as of Mar. 2026. GuruFocus rates BOM:540728 with a GF Score™ of 62/100 and a GF Value™ of ₹66.73 (Significantly Overvalued). The stock has 4 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Sayaji Industries's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 9.42%.

As of today (2026-07-12), Sayaji Industries's WACC % is 7.65%. Sayaji Industries's ROIC % is 3.34% (calculated using TTM income statement data). Sayaji Industries earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Sayaji Industries  (BOM:540728) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Sayaji Industries's WACC % is 7.65%. Sayaji Industries's ROIC % is 3.34% (calculated using TTM income statement data). Sayaji Industries earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Sayaji Industries ROIC % Related Terms


Sayaji Industries ROIC % Historical Data

* Premium members only.

The historical data trend for Sayaji Industries's ROIC % 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.

Sayaji Industries ROIC % Chart

Sayaji Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.06 1.58 -1.48 -5.38 3.44

Sayaji Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.07 -0.72 -3.75 5.23 9.42

BOM:540728 vs ADM, BG, TSN: ROIC % Comparison

For the Farm Products subindustry, Sayaji Industries's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sayaji Industries ROIC % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sayaji Industries's ROIC % distribution charts can be found below:

* The bar in red indicates where Sayaji Industries's ROIC % falls into.


BOM:540728
62GF Score
Sayaji Industries Ltd BOM:540728
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sayaji Industries ROIC % Calculation

Sayaji Industries's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Mar. 2026 is calculated as:

ROIC % (A: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Mar. 2025 ) + Invested Capital (A: Mar. 2026 ))/ count )
=182.665 * ( 1 - 0% )/( (5129.205 + 5495.404)/ 2 )
=182.665/5312.3045
=3.44 %

where

Invested Capital(A: Mar. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5224.172 - 1620.111 - ( 42.228 - max(0, 3261.512 - 1736.368+42.228))
=5129.205

Invested Capital(A: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5499.988 - 1699.445 - ( 56.267 - max(0, 3694.794 - 1999.933+56.267))
=5495.404

Sayaji Industries's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2026 is calculated as:

ROIC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=691.168 * ( 1 - 25.09% )/( (0 + 5495.404)/ 1 )
=517.7539488/5495.404
=9.42 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5499.988 - 1699.445 - ( 56.267 - max(0, 3694.794 - 1999.933+56.267))
=5495.404

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 9.42% mean?
Sayaji Industries (BOM:540728) has a ROIC % of 9.42% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Sayaji Industries and its competitors.
Is Sayaji Industries' ROIC % too high?
Sayaji Industries' current ROIC % is 9.42%. The Consumer Packaged Goods industry median ROIC % is 5.16. Sayaji Industries' value of 9.42% is 82.6% above this industry median. Overall, Sayaji Industries has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sayaji Industries' ROIC % compare to ADM and BG?
Sayaji Industries' ROIC % of 9.42% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROIC % is 5.16. Sayaji Industries' value of 9.42% is 82.6% 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 ROIC % for a Consumer Packaged Goods company?
The median ROIC % among Consumer Packaged Goods companies is 5.16, based on 1,949 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sayaji Industries's current ROIC % of 9.42% is 82.6% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Sayaji Industries and its competitors. For the Consumer Packaged Goods industry, the median ROIC % is 5.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sayaji Industries's current ROIC % is 9.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sayaji Industries stock overvalued right now?
Based on GuruFocus' analysis, Sayaji Industries (BOM:540728) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹66.73, compared to a current price of ₹107.95 — trading 61.8% above its estimated fair value. The current ROIC % is 9.42% and 82.6% above the Consumer Packaged Goods industry median of 5.16. Sayaji Industries' overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Sayaji Industries (BOM:540728), the current ROIC % is 9.42% 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 Sayaji Industries (BOM:540728) Overvalued in 2026?

Based on GuruFocus' analysis, Sayaji Industries stock appears to be overvalued. The current stock price of ₹107.95 is trading 61.8% above its estimated GF Value™ of ₹66.73. GuruFocus considers Sayaji Industries to be Significantly Overvalued.

Key valuation signals for BOM:540728:

  • ROIC %: 9.42%
  • GF Value™: ₹66.73 vs. price of ₹107.95 (61.8% above fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 82.6% above the Consumer Packaged Goods median

No single metric tells the full story. See the BOM:540728 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sayaji Industries Business Description

Address Ambli-Bopal Road, 2nd Floor, ONE42, North Tower, Ahmedabad, GJ, IND, 380058
Sayaji Industries Ltd is an India-based company. The company is engaged in the manufacturing of starches and their derivatives like Liquid Glucose, Dextrose Monohydrate, Dextrose Anhydrous, Sorbitol, and its by-products like Maize Oil, Maize Gluten. The reporting segments of the company are agro processing-maize, agri seeds, and spray-dried food products. The company is also engaged in the manufacturing of caramel color, spray drying of fruits and vegetable powder, and processing and selling of seeds. The company caters its products to the textile, pharmaceutical, foods, and beverages industries, paper and packaging, confectionery, soaps, detergent industries, seeds industries., and other related industries.
62GF Score

Get the complete analysis for BOM:540728

ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹107.95
Price
₹66.73
GF Value