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India Grid Trust (BOM:540565) ROCE % : 7.06% (As of Sep. 2023)


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What is India Grid Trust ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. India Grid Trust's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.06%.


India Grid Trust ROCE % Historical Data

The historical data trend for India Grid Trust's ROCE % 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.

* Premium members only.

India Grid Trust ROCE % Chart

India Grid Trust Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROCE %
Get a 7-Day Free Trial Premium Member Only 7.55 10.85 6.88 7.92 8.33

India Grid Trust Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.24 - - 8.04 7.06

India Grid Trust ROCE % Calculation

India Grid Trust's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=14791.84/( ( (195570.35 - 27909.15) + (202123.82 - 14669.87) )/ 2 )
=14791.84/( (167661.2+187453.95)/ 2 )
=14791.84/177557.575
=8.33 %

India Grid Trust's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2023 )  (Q: Mar. 2023 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Mar. 2023 )(Q: Sep. 2023 )
=14295.4/( ( (202123.82 - 14669.87) + (248411.16 - 30977.14) )/ 2 )
=14295.4/( ( 187453.95 + 217434.02 )/ 2 )
=14295.4/202443.985
=7.06 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT 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.


India Grid Trust  (BOM:540565) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.


India Grid Trust ROCE % Related Terms

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India Grid Trust (BOM:540565) Business Description

Traded in Other Exchanges
Address
Off CST Road, Vidyanagari Marg, Unit No. 101, First Floor, Windsor, Village KoleKalyan, Kalina, Santacruz (East), Mumbai, MH, IND, 400 098
India Grid Trust is an infrastructure investment trust established to own inter-state power transmission assets in India. Its asset portfolio comprises nine power transmission projects located across 18 states and 1 union territory in India. The projects comprise extra high voltage (EHV) overhead power transmission lines, comprising approximately seven 765 kV transmission lines and thirty 400 kV transmission lines.

India Grid Trust (BOM:540565) Headlines

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