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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. National Securities Depository's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2026 was 8.29%.
As of today (2026-08-09), National Securities Depository's WACC % is 13.04%. National Securities Depository's ROIC % is 9.74% (calculated using TTM income statement data).
National Securities Depository earns returns that do not match up to its cost of capital. It will destroy value as it grows.
National Securities Depository (BOM:544467) 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, National Securities Depository's WACC % is 13.04%. National Securities Depository's ROIC % is 9.74% (calculated using TTM income statement data).
National Securities Depository 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.
National Securities Depository ROIC % Related Terms
National Securities Depository ROIC % Historical Data
* 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.
For the Financial Data & Stock Exchanges subindustry, National Securities Depository'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.
National Securities Depository ROIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, National Securities Depository's ROIC % distribution charts can be found below:
* The bar in red indicates where National Securities Depository's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Jun. 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.
National Securities Depository (BOM:544467) has a ROIC % of 8.29% as of Jun. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on National Securities Depository and its competitors.
Is National Securities Depository's ROIC % too high?
National Securities Depository's current ROIC % is 8.29%. The Capital Markets industry median ROIC % is 1.42. National Securities Depository's value of 8.29% is 483.8% above this industry median. Overall, National Securities Depository has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does National Securities Depository's ROIC % compare to SPGI and CME?
National Securities Depository's ROIC % of 8.29% can be compared against companies in the Capital Markets industry. The industry median ROIC % is 1.42. National Securities Depository's value of 8.29% is 483.8% 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 Capital Markets company?
The median ROIC % among Capital Markets companies is 1.42, based on 697 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. National Securities Depository's current ROIC % of 8.29% is 483.8% 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 National Securities Depository and its competitors. For the Capital Markets industry, the median ROIC % is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Securities Depository's current ROIC % is 8.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Securities Depository stock overvalued right now?
National Securities Depository (BOM:544467) has a current ROIC % of 8.29%. The current ROIC % is 8.29% and 483.8% above the Capital Markets industry median of 1.42. National Securities Depository's overall GF Score™ is 47/100 with 2 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 National Securities Depository (BOM:544467), the current ROIC % is 8.29% as of Jun. 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.
National Securities Depository Ltd is a SEBI-registered market infrastructure institution (MII) that offers a wide range-of-products and services to the financial and securities markets in India. As a depository, it provides a depository framework that allows market participants to engage in the financial and securities markets in India. It also plays a central role in developing products and services that will continue to meet the growing needs of the financial services industry in India. The company's business is to provide depository services to its clients in India, including various services for investors such as dematerialization, re-materialization, holding, transfer, and pledge of securities in electronic form.
47GF Score
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