CMM Infraprojects (NSE:CMMIPL) ROIC %: 10.23% (As of Mar. 2018)


What is CMM Infraprojects ROIC %?

CMM Infraprojects NSE:CMMIPL ROIC % is 10.23% as of Mar. 2018.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. CMM Infraprojects's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2018 was 10.23%.

As of today (2026-06-28), CMM Infraprojects's WACC % is 0.00%. CMM Infraprojects's ROIC % is 0.00% (calculated using TTM income statement data). CMM Infraprojects earns returns that do not match up to its cost of capital. It will destroy value as it grows.

CMM Infraprojects  (NSE:CMMIPL) 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, CMM Infraprojects's WACC % is 0.00%. CMM Infraprojects's ROIC % is 0.00% (calculated using TTM income statement data). CMM Infraprojects 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.

CMM Infraprojects ROIC % Related Terms

CMM Infraprojects ROIC % Historical Data

* Premium members only.

The historical data trend for CMM Infraprojects'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.

CMM Infraprojects ROIC % Chart

CMM Infraprojects Annual Data
Trend Mar17 Mar18
ROIC %
8.30 12.83

CMM Infraprojects Semi-Annual Data
Mar17 Sep17 Mar18
ROIC % 0.00 13.02 10.23

CMM Infraprojects ROIC % Competitor Comparison

For the Engineering & Construction subindustry, CMM Infraprojects'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.

CMM Infraprojects ROIC % vs Construction Industry

For the Construction industry and Industrials sector, CMM Infraprojects's ROIC % distribution charts can be found below:

* The bar in red indicates where CMM Infraprojects's ROIC % falls into.


CMM Infraprojects ROIC % Calculation

CMM Infraprojects's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Mar. 2018 is calculated as:

ROIC % (A: Mar. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Mar. 2017 ) + Invested Capital (A: Mar. 2018 ))/ count )
=187.167 * ( 1 - 34.46% )/( (840.466 + 1072.108)/ 2 )
=122.6692518/956.287
=12.83 %

where

Invested Capital(A: Mar. 2017 )
=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))
=1063.111 - 138.932 - ( 83.713 - max(0, 393.249 - 676.942+83.713))
=840.466

Invested Capital(A: Mar. 2018 )
=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))
=1401.337 - 235.117 - ( 94.112 - max(0, 601.808 - 1020.55+94.112))
=1072.108

CMM Infraprojects's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2018 is calculated as:

ROIC % (Q: Mar. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2017 ) + Invested Capital (Q: Mar. 2018 ))/ count )
=160.734 * ( 1 - 36.45% )/( (925.822 + 1072.108)/ 2 )
=102.146457/998.965
=10.23 %

where

Invested Capital(Q: Sep. 2017 )
=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))
=1203.886 - 200.445 - ( 77.619 - max(0, 634.808 - 816.414+77.619))
=925.822

Invested Capital(Q: Mar. 2018 )
=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))
=1401.337 - 235.117 - ( 94.112 - max(0, 601.808 - 1020.55+94.112))
=1072.108

Note: The Operating Income data used here is two times the semi-annual (Mar. 2018) 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 10.23% mean?
CMM Infraprojects (NSE:CMMIPL) has a ROIC % of 10.23% as of Mar. 2018. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on CMM Infraprojects and its competitors.
Is CMM Infraprojects' ROIC % too high?
CMM Infraprojects' current ROIC % is 10.23%. The Construction industry median ROIC % is 4.66. CMM Infraprojects' value of 10.23% is 119.5% above this industry median.
How does CMM Infraprojects' ROIC % compare to competitors?
CMM Infraprojects' ROIC % of 10.23% can be compared against companies in the Construction industry. The industry median ROIC % is 4.66. CMM Infraprojects' value of 10.23% is 119.5% 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 Construction company?
The median ROIC % among Construction companies is 4.66, based on 1,750 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. CMM Infraprojects's current ROIC % of 10.23% is 119.5% 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 CMM Infraprojects and its competitors. For the Construction industry, the median ROIC % is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMM Infraprojects's current ROIC % is 10.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMM Infraprojects stock overvalued right now?
CMM Infraprojects (NSE:CMMIPL) has a current ROIC % of 10.23%. The current ROIC % is 10.23% and 119.5% above the Construction industry median of 4.66. 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 CMM Infraprojects (NSE:CMMIPL), the current ROIC % is 10.23% as of Mar. 2018. 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.

CMM Infraprojects Business Description

Address 108, Shalimar Corporate Centre, 8-B South Tukoganj, Indore, MP, IND, 452001
CMM Infraprojects Ltd is engaged in civil engineering activities. It is an engineering and construction contractor in the fields of constructing public housing, commercial complexes, public parks, corporate & IT offices, sewerage & irrigation projects and highways. It has construction projects across the nation.