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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 %. Dharan Infra-EPC's annualized return on invested capital (ROIC %) for the quarter that ended in Sep. 2025 was -1.67%.
As of today (2026-07-17), Dharan Infra-EPC's WACC % is 5.36%. Dharan Infra-EPC's ROIC % is -9.72% (calculated using TTM income statement data).
Dharan Infra-EPC earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Dharan Infra-EPC (NSE:DHARAN) 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, Dharan Infra-EPC's WACC % is 5.36%. Dharan Infra-EPC's ROIC % is -9.72% (calculated using TTM income statement data).
Dharan Infra-EPC 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.
Dharan Infra-EPC ROIC % Related Terms
Dharan Infra-EPC ROIC % Historical Data
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The historical data trend for Dharan Infra-EPC'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.
For the Real Estate - Development subindustry, Dharan Infra-EPC'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.
Dharan Infra-EPC ROIC % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Dharan Infra-EPC's ROIC % distribution charts can be found below:
* The bar in red indicates where Dharan Infra-EPC's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Sep. 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.
Dharan Infra-EPC (NSE:DHARAN) has a ROIC % of -1.67% as of Sep. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Dharan Infra-EPC and its competitors.
Is Dharan Infra-EPC's ROIC % too high?
Dharan Infra-EPC's current ROIC % is -1.67%. Overall, Dharan Infra-EPC has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dharan Infra-EPC's ROIC % compare to competitors?
Dharan Infra-EPC's ROIC % of -1.67% can be compared against companies in the Real Estate industry. The industry median ROIC % is 2.17. 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 Real Estate company?
The median ROIC % among Real Estate companies is 2.17, based on 1,755 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. 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 Dharan Infra-EPC and its competitors. For the Real Estate industry, the median ROIC % is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dharan Infra-EPC's current ROIC % is -1.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dharan Infra-EPC stock overvalued right now?
Based on GuruFocus' analysis, Dharan Infra-EPC (NSE:DHARAN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.03, compared to a current price of ₹0.15 — trading 400% above its estimated fair value. The current ROIC % is -1.67%. Dharan Infra-EPC's overall GF Score™ is 42/100 with 5 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 Dharan Infra-EPC (NSE:DHARAN), the current ROIC % is -1.67% as of Sep. 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.
Is Dharan Infra-EPC (NSE:DHARAN) Overvalued in 2026?
Based on GuruFocus' analysis, Dharan Infra-EPC stock appears to be overvalued.
The current stock price of ₹0.15 is trading 400% above its estimated GF Value™ of ₹0.03.
GuruFocus considers Dharan Infra-EPC to be Significantly Overvalued.
Key valuation signals for NSE:DHARAN:
ROIC %: -1.67%
GF Value™: ₹0.03 vs. price of ₹0.15 (400% above fair value)
No single metric tells the full story. See the NSE:DHARAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dharan Infra-EPC Ltd is a real estate development company engaged in the development of residential real estate projects and execution of construction contracts. The Company's projects include Hari Kunj Mayflower, Hari Krishna Phase IV, and Hari Aakruti Phase II. Its operating business segments comprise the Development of Real Estate Property segment, the Civil Contracting Business segment, and the Investment segment, with the majority of revenue derived from the Real Estate segment. The Company operates within India.
42GF Score
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