ROE (Return on Equity) measures a company’s profitability by comparing net income to shareholder equity. It indicates how effectively a company uses its equity to generate profits. Higher ROE suggests efficient use of capital and strong financial performance, making it attractive to investors.
ROCE (Return on Capital Employed) evaluates a company’s profitability relative to its total capital employed. It reflects how well a company utilizes both equity and debt to generate profits. A high ROCE signifies efficient capital use, signaling better financial health and potential for growth.
Motherson Sumi Wiring India Ltd
On November 29, 2024, Motherson Wiring Ltd (NSE: MSUMI) opened at ₹63.73, reaching an intraday high of ₹64.15 and a low of ₹63.62. The stock closed at ₹63.99, reflecting a minor decrease of 0.30%, with a market capitalization of ₹28,295.09 crore.
Motherson Wiring Ltd stands out in the auto ancillary sector with a strong ROE of 22.5% and ROCE of 25.4%. These metrics highlight its robust profitability and efficient capital utilization, making it a stock to watch for investors seeking growth.
Motherson Sumi Wiring India Ltd is a leading manufacturer of automotive wiring harnesses and components. It serves major global OEMs, offering innovative solutions in the automotive sector. With a strong market presence, it continues to lead in product quality and customer service.
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Sharda Motor Industries Ltd
On November 29, 2024, Sharda Motor Ltd (NSE: SHARDAMOTR) opened at ₹2,006.00, hitting an intraday high of ₹2,069.00 and a low of ₹2,004.35. The stock closed at ₹2,047.00, marking a 2.26% increase, with a market capitalization of ₹5,911.27 crore.
Sharda Motor Ltd boasts an impressive ROE of 21.7% and ROCE of 24.3%, showcasing its ability to generate strong returns for shareholders and effectively manage its capital. The company is well-positioned for continued growth in the auto components sector.
Sharda Motor Industries Ltd specializes in manufacturing auto components, including automotive lighting, wiring, and cooling systems. The company supplies its products to leading automakers in India and abroad. Known for innovation, it is a trusted partner in the automotive industry.
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Banco Products (India) Ltd
On November 29, 2024, Banco Products (India) Ltd (BSE: BANCOINDIA) opened at ₹1,142.00, reaching an intraday high of ₹1,164.65 and a low of ₹1,125.00. The stock closed at ₹1,157.35, reflecting a 1.23% increase, with a market capitalization of ₹8,277.21 crore.
Banco Products Ltd delivers an excellent ROE of 23.1% and ROCE of 21.8%. These solid financial ratios reflect the company’s efficient use of resources and high profitability, making it an attractive option for investors looking for stable returns in the auto ancillary industry.
Banco Products (India) Ltd is a renowned manufacturer of automotive components, particularly engine cooling solutions, heat exchangers, and radiators. With a focus on quality and innovation, it serves the automotive sector globally, driving growth and technological advancements in vehicle efficiency.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
