Investors often go further than looking at the performance of stocks when analyzing whether an organization has been efficient in the use of its capital. This is where ROCE comes in as a ratio showing the return on capital employed by the firm. The drop from a 52-week high indicates how far the stock has fallen from its previous peak price level.
Waaree Energies Ltd
The Waaree Energies is a company that deals with renewable energy and focuses on the production of solar PV modules and cells. The company’s product mix consists of inverters, energy storage, solar EPC, green hydrogen, and other forms of clean energy. The firm has manufacturing plants in India and America and operates in both domestic and international markets.
With the market capitalization of Rs. 72,239 Crores, the shares of Waaree Energies Ltd were trading at around Rs. 2,511per share which is 33 percent discount from its 52 week high of Rs. 3,720 per share and the stock has delivered an ROCE of 38.4%
Thangamayil Jewellery Ltd
Thangamayil Jewellery is a jewellery store company located in the state of Tamil Nadu with retail outlets all over the state. Thangamayil Jewellery sells gold ornaments as well as silver products, diamonds, and platinum ornaments. Its main market includes the middle class; however, its reach has expanded to tier II and III cities in addition to Chennai.
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With the market capitalization of Rs. 16,039 Crores, the shares of Thangamayil Jewellery Ltd were trading at around Rs. 5,160 per share which is 30 percent discount from its 52 week high of Rs. 7,430 per share and the stock has delivered an ROCE of 25.5%.
Indian Railway Catering and Tourism Corporation Ltd (IRCTC)
IRCTC is a public sector enterprise working under the Ministry of Railways and engaged in different activities such as online booking of railway tickets, catering services, tourism, and hospitality services. IRCTC is also involved in the business of packaged drinking water under the brand name “Rail Neer”. The company is important in providing various services to Indian Railways.
With the market capitalization of Rs. 37,720 Crores, the shares of Indian Railway Catering & Tourism Corporation Ltd were trading at around Rs. 472 per share which is 36 percent discount from its 52 week high of Rs. 736 per share and the stock has delivered an ROCE of 46.1%
Shakti Pumps (India) Ltd
The Shakti Pumps Company produces energy-efficient pumps and motors that are suitable for use in agriculture, industry, domestic purposes and water management. These include solar pumps, submersible pumps, motors, inverters, controllers and other devices used for solar pumping. The company has expertise in the manufacture of various parts of solar pumping systems and exports to over 100 countries. Its factory is based in Pithampur, Madhya Pradesh.
With the market capitalization of Rs. 5,815 Crores, the shares of Shakti Pumps (India) Ltd were trading at around Rs. 471per share which is 46 percent discount from its 52 week high of Rs. 878 per share and the stock has delivered an ROCE of 23.6%
Gillette India Ltd
Gillette India is a consumer goods firm that indulges in the manufacturing and sale of branded goods. This comprises mainly of the grooming and oral care products categories and encompasses grooming kits, blades and other related products and toothbrushes and oral care products. It operates in the fast-moving consumer goods sector of India.
With the market capitalization of Rs. 22,859 Crores, the shares of Gillette India Ltd were trading at around Rs. 7,014 per share which is 31 percent discount from its 52 week high of Rs. 10,174 per share and the stock has delivered an ROCE of 90.7 %
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Hindustan Copper Ltd
Hindustan Copper Limited is a Central Public Sector Undertaking belonging to the Ministry of Mines. It is involved in copper exploration and mining as well as beneficiation and production of the same. Hindustan Copper Limited owns and runs copper mines at Malanjkhand, Khetri, and Ghatsila. It also produces downstream products such as copper wire rod. The Government of India controls the majority shareholding of Hindustan Copper Limited.
With the market capitalization of Rs. 49,313 Crores, the shares of Hindustan Copper Ltd were trading at around Rs. 510 per share which is 32 percent discount from its 52 week high of Rs. 760 per share and the stock has delivered an ROCE of 42.4%