Australian Premium Solar (India) (NSE:APS) ROIC %: 57.97% (As of Mar. 2025)


NSE:APS Australian Premium Solar (India) Ltd NSE:APS
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What is Australian Premium Solar (India) ROIC %?

Australian Premium Solar (India) NSE:APS +2.97% 18 ROIC % is 57.97% as of Mar. 2025. GuruFocus rates NSE:APS with a GF Score™ of 18/100. The stock has 1 warning sign 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 %. Australian Premium Solar (India)'s annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2025 was 57.97%.

As of today (2026-06-30), Australian Premium Solar (India)'s WACC % is 12.92%. Australian Premium Solar (India)'s ROIC % is 57.97% (calculated using TTM income statement data). Australian Premium Solar (India) generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.

Australian Premium Solar (India)  (NSE:APS) 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, Australian Premium Solar (India)'s WACC % is 12.92%. Australian Premium Solar (India)'s ROIC % is 57.97% (calculated using TTM income statement data). Australian Premium Solar (India) generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.

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.

Australian Premium Solar (India) ROIC % Related Terms

Australian Premium Solar (India) ROIC % Historical Data

* Premium members only.

The historical data trend for Australian Premium Solar (India)'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.

Australian Premium Solar (India) ROIC % Chart

Australian Premium Solar (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
ROIC %
13.29 18.88 24.21 20.95 57.97

Australian Premium Solar (India) Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
ROIC % 13.29 18.88 24.21 20.95 57.97

NSE:APS vs FSLR, NXT, ENPH: ROIC % Comparison

For the Solar subindustry, Australian Premium Solar (India)'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.

Australian Premium Solar (India) ROIC % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Australian Premium Solar (India)'s ROIC % distribution charts can be found below:

* The bar in red indicates where Australian Premium Solar (India)'s ROIC % falls into.


NSE:APS
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Australian Premium Solar (India) Ltd NSE:APS
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Australian Premium Solar (India) ROIC % Calculation

Australian Premium Solar (India)'s annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Mar. 2025 is calculated as:

ROIC % (A: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Mar. 2024 ) + Invested Capital (A: Mar. 2025 ))/ count )
=529.392 * ( 1 - 25.23% )/( (430.547 + 935.123)/ 2 )
=395.8263984/682.835
=57.97 %

where

Invested Capital(A: Mar. 2024 )
=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))
=803.754 - 167.092 - ( 206.115 - max(0, 217.4 - 612.218+206.115))
=430.547

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))
=2115.246 - 877.984 - ( 302.139 - max(0, 1136.5 - 1813.66+302.139))
=935.123

Australian Premium Solar (India)'s annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2025 is calculated as:

ROIC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=529.392 * ( 1 - 25.23% )/( (430.547 + 935.123)/ 2 )
=395.8263984/682.835
=57.97 %

where

Invested Capital(Q: Mar. 2024 )
=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))
=803.754 - 167.092 - ( 206.115 - max(0, 217.4 - 612.218+206.115))
=430.547

Invested Capital(Q: 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))
=2115.246 - 877.984 - ( 302.139 - max(0, 1136.5 - 1813.66+302.139))
=935.123

Note: The Operating Income data used here is one times the annual (Mar. 2025) 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 57.97% mean?
Australian Premium Solar (India) (NSE:APS) has a ROIC % of 57.97% as of Mar. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Australian Premium Solar (India) and its competitors.
Is Australian Premium Solar (India)'s ROIC % too high?
Australian Premium Solar (India)'s current ROIC % is 57.97%. The Semiconductors industry median ROIC % is 3.74. Australian Premium Solar (India)'s value of 57.97% is 1450% above this industry median. Overall, Australian Premium Solar (India) has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Australian Premium Solar (India)'s ROIC % compare to FSLR and NXT?
Australian Premium Solar (India)'s ROIC % of 57.97% can be compared against companies in the Semiconductors industry. The industry median ROIC % is 3.74. Australian Premium Solar (India)'s value of 57.97% is 1450% 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 Semiconductors company?
The median ROIC % among Semiconductors companies is 3.74, based on 1,010 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. Australian Premium Solar (India)'s current ROIC % of 57.97% is 1450% 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 Australian Premium Solar (India) and its competitors. For the Semiconductors industry, the median ROIC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Australian Premium Solar (India)'s current ROIC % is 57.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australian Premium Solar (India) stock overvalued right now?
Australian Premium Solar (India) (NSE:APS) has a current ROIC % of 57.97%. The current ROIC % is 57.97% and 1450% above the Semiconductors industry median of 3.74. Australian Premium Solar (India)'s overall GF Score™ is 18/100 with 1 warning sign 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 Australian Premium Solar (India) (NSE:APS), the current ROIC % is 57.97% as of Mar. 2025. 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.

Australian Premium Solar (India) Business Description

Address Science City Road, 301, 3rd floor, Satyamev Eminence, Nr. Shukan Mall, Ahmedabad, GJ, IND, 380060
Australian Premium Solar (India) Ltd is engaged in the manufacturing of solar panels and EPC services for solar systems. It manufactures two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) N-Type TopCon. It also provides installation services for solar panels and solar pumps. The majority of the revenue is generated from the manufacturing of solar panels.
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ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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