Sahaj Solar (NSE:SAHAJSOLAR) ROIC %: 21.37% (As of Mar. 2026)


NSE:SAHAJSOLAR Sahaj Solar Ltd NSE:SAHAJSOLAR
44 GF Score
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! 8 Warning Signs
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What is Sahaj Solar ROIC %?

Sahaj Solar NSE:SAHAJSOLAR +0.49% 44 ROIC % is 21.37% as of Mar. 2026. GuruFocus rates NSE:SAHAJSOLAR with a GF Score™ of 44/100. The stock has 8 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 %. Sahaj Solar's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 21.37%.

As of today (2026-06-30), Sahaj Solar's WACC % is 11.57%. Sahaj Solar's ROIC % is 15.28% (calculated using TTM income statement data). Sahaj Solar 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.


Sahaj Solar  (NSE:SAHAJSOLAR) 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, Sahaj Solar's WACC % is 11.57%. Sahaj Solar's ROIC % is 15.28% (calculated using TTM income statement data). Sahaj Solar 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.


Sahaj Solar ROIC % Related Terms


Sahaj Solar ROIC % Historical Data

* Premium members only.

The historical data trend for Sahaj Solar'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.

Sahaj Solar ROIC % Chart

Sahaj Solar Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROIC %
Get a 7-Day Free Trial 8.74 25.57 26.21 22.67 14.19

Sahaj Solar Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROIC % Get a 7-Day Free Trial Premium Member Only 42.24 13.76 37.97 7.84 21.37

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

For the Solar subindustry, Sahaj Solar'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.


Sahaj Solar ROIC % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Sahaj Solar's ROIC % distribution charts can be found below:

* The bar in red indicates where Sahaj Solar's ROIC % falls into.


NSE:SAHAJSOLAR
44GF Score
Sahaj Solar Ltd NSE:SAHAJSOLAR
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Sahaj Solar ROIC % Calculation

Sahaj Solar'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 )
=502.705 * ( 1 - 26.15% )/( (1727.062 + 3504.967)/ 2 )
=371.2476425/2616.0145
=14.19 %

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))
=3041.414 - 1212.202 - ( 102.15 - max(0, 1821.145 - 2575.347+102.15))
=1727.062

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))
=4792.913 - 1183.868 - ( 104.078 - max(0, 2877.304 - 3683.992+104.078))
=3504.967

Sahaj Solar'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=806.644 * ( 1 - 26.31% )/( (2057.217 + 3504.967)/ 2 )
=594.4159636/2781.092
=21.37 %

where

Invested Capital(Q: Sep. 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))
=3298.641 - 1057.387 - ( 184.037 - max(0, 1943.675 - 3009.091+184.037))
=2057.217

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))
=4792.913 - 1183.868 - ( 104.078 - max(0, 2877.304 - 3683.992+104.078))
=3504.967

Note: The Operating Income data used here is two times the semi-annual (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 21.37% mean?
Sahaj Solar (NSE:SAHAJSOLAR) has a ROIC % of 21.37% 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 Sahaj Solar and its competitors.
Is Sahaj Solar's ROIC % too high?
Sahaj Solar's current ROIC % is 21.37%. The Semiconductors industry median ROIC % is 3.74. Sahaj Solar's value of 21.37% is 471.4% above this industry median. Overall, Sahaj Solar has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Sahaj Solar's ROIC % compare to FSLR and NXT?
Sahaj Solar's ROIC % of 21.37% can be compared against companies in the Semiconductors industry. The industry median ROIC % is 3.74. Sahaj Solar's value of 21.37% is 471.4% 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. Sahaj Solar's current ROIC % of 21.37% is 471.4% 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 Sahaj Solar 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. Sahaj Solar's current ROIC % is 21.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sahaj Solar stock overvalued right now?
Sahaj Solar (NSE:SAHAJSOLAR) has a current ROIC % of 21.37%. The current ROIC % is 21.37% and 471.4% above the Semiconductors industry median of 3.74. Sahaj Solar's overall GF Score™ is 44/100 with 8 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 Sahaj Solar (NSE:SAHAJSOLAR), the current ROIC % is 21.37% 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.

Sahaj Solar Business Description

Address Office No. 301, Ashirvad Paras, Opposite Prahladnagar Garden, Satellite, Ahmedabad, GJ, IND, 380051
Sahaj Solar Ltd is a renewable energy solution provider engaged majorly into three businesses being manufacturing of PV modules, providing solar water pumping systems and providing EPC services to PAN India customers. Its product include Solar Panel, Solar Water Pump, Solar Mobile Trolleys, Solar Home Light and etc.
44GF Score

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