Elite Indian compounders generating Return on Capital Employed (ROCE > 25%) and ROE > 20%. Filtered for sustainable margins and prudent debt across listed NSE & BSE companies.
Charlie Munger famously observed that over the long term, it is hard for a stock to earn a much better return than the business which underlies it earns on its capital. Return on Capital Employed (ROCE) measures how efficiently a company's management converts debt and equity capital into operating profits. Companies that consistently generate ROCE above 25% possess powerful pricing moats, superior brand loyalty, or proprietary operational efficiencies that compound shareholder wealth across decades.
Identifies companies generating >25% Return on Capital Employed and >20% Return on Equity with market capitalization above ₹1,000 Cr.
roce > 25 AND roe > 20 AND market_cap > 1000| Company | Price (₹) | Market Cap | P/E | ROCE | Div Yield | 3Y Sales Gr. | Action |
|---|---|---|---|---|---|---|---|
1. ELANTAS BECK INDIA LTD. ELANTAS • Basic Materials | ₹11,926 | ₹11,505 Cr | 81.4 | 23787.7% | 5.00% | 73.2% | Analyze |
2. HINDUSTAN AERONAUTICS LTD HAL • Industrials | ₹4,980 | ₹3,28,034 Cr | 35.2 | 15977.0% | 44.00% | -14.5% | Analyze |
3. SUMMIT SECURITIES LTD SUMMITSEC • Financial Services | ₹1,325.8 | ₹1,543 Cr | 12.0 | 13942.7% | - | 32.9% | Analyze |
4. BHARAT RASAYAN LTD BHARATRAS • Basic Materials | ₹970.4 | ₹1,925 Cr | 13.5 | 6647.3% | 5.00% | -26.4% | Analyze |
5. KENNAMETAL INDIA LIMITED KENNAMET • Industrials | ₹3,585.6 | ₹10,291 Cr | 52.5 | 6505.9% | 99.00% | 20.9% | Analyze |
6. SASKEN TECHNOLOGIES LTD SASKEN • Technology | ₹1,628.9 | ₹2,710 Cr | 37.6 | 6385.2% | 157.00% | 6.7% | Analyze |
7. GENERAL INS CORP OF INDIA GICRE • Financial Services | ₹342.3 | ₹61,299 Cr | 6.9 | 6306.6% | 414.00% | 2.7% | Analyze |
8. ICICI LOMBARD GIC LIMITED ICICIGI • Financial Services | ₹1,649 | ₹72,931 Cr | 31.0 | 6239.7% | 92.00% | - | Analyze |
9. STAR HEALTH & AL INS CO L STARHEALTH • Financial Services | ₹564.75 | ₹33,109 Cr | 27.0 | 2857.6% | - | - | Analyze |
10. CENTRAL DEPO SER (I) LTD CDSL • Financial Services | ₹1,331.4 | ₹28,424 Cr | 56.0 | 2706.2% | 101.00% | 8.9% | Analyze |
11. SCHAEFFLER INDIA LIMITED SCHAEFFLER • Consumer Cyclical | ₹3,519.7 | ₹61,748 Cr | 49.3 | 2676.5% | 89.00% | -12.1% | Analyze |
12. HAPPIEST MINDS TECHNO LTD HAPPSTMNDS • Technology | ₹314.05 | ₹4,994 Cr | 22.4 | 2648.7% | 236.00% | -11.0% | Analyze |
13. SANOFI INDIA LIMITED SANOFI • Healthcare | ₹3,283.1 | ₹7,092 Cr | 22.3 | 2522.5% | 781.00% | -37.2% | Analyze |
14. SIEMENS LTD SIEMENS • Industrials | ₹3,560 | ₹1,40,917 Cr | 78.5 | 2095.5% | 49.00% | 13.2% | Analyze |
15. LINCOLN PHARMA LTD LINCOLN • Healthcare | ₹507.55 | ₹1,249 Cr | 12.9 | 2024.4% | 31.00% | -19.1% | Analyze |
16. DIVGI TORQTRANSFER SYST L DIVGIITTS • Consumer Cyclical | ₹884.45 | ₹3,634 Cr | 57.5 | 1755.0% | 27.00% | 22.8% | Analyze |
17. SANOFI CONS HEALTHC IND L SANOFICONR • Healthcare | ₹3,420.2 | ₹9,279 Cr | 34.9 | 1554.8% | 194.00% | -48.8% | Analyze |
18. MAHARASHTRA SCOOTERS LTD MAHSCOOTER • Financial Services | ₹12,060 | ₹14,816 Cr | 51.7 | 1361.5% | 178.00% | -95.3% | Analyze |
19. MOIL LIMITED MOIL • Basic Materials | ₹215.71 | ₹4,984 Cr | 16.4 | 1087.9% | 579.00% | -22.3% | Analyze |
20. CASTROL INDIA LIMITED CASTROLIND • Energy | ₹191.3 | ₹18,598 Cr | 17.2 | 966.3% | 626.00% | -16.5% | Analyze |
21. BHARAT DYNAMICS LIMITED BDL • Industrials | ₹1,060 | ₹43,621 Cr | 83.8 | 955.3% | 45.00% | -21.6% | Analyze |
22. SIEMENS ENERGY INDIA LTD ENRIN • Utilities | ₹2,809 | ₹1,13,293 Cr | 76.1 | 804.9% | 13.00% | - | Analyze |
23. BRIGHTCOM GROUP LIMITED BCG • Communication Services | ₹8.42 | ₹2,017 Cr | 1.8 | 747.6% | - | 33.3% | Analyze |
24. JAI CORP LIMITED JAICORPLTD • Basic Materials | ₹90.43 | ₹1,680 Cr | 18.1 | 676.7% | 54.00% | -29.0% | Analyze |
25. KARNATAKA BANK LIMITED KTKBANK • Financial Services | ₹318.9 | ₹12,304 Cr | 8.6 | 662.4% | 154.00% | -62.0% | Analyze |
26. GAYATRI PROJECTS LTD GAYAPROJ • Industrials | ₹19.93 | ₹1,209 Cr | 0.6 | 507.5% | - | 144.9% | Analyze |
27. INTL GEMOLOGICAL INST LTD IGIL • Basic Materials | ₹407.4 | ₹13,583 Cr | 26.7 | 449.4% | 157.00% | 21.7% | Analyze |
28. THE NEW INDIA ASSU CO LTD NIACL • Financial Services | ₹157.33 | ₹32,695 Cr | 42.1 | 401.7% | 89.00% | 11.3% | Analyze |
29. KARUR VYSYA BANK LTD KARURVYSYA • Financial Services | ₹370.05 | ₹32,267 Cr | 11.4 | 360.3% | 82.00% | -54.7% | Analyze |
30. CRISIL LTD CRISIL • Financial Services | ₹4,395.4 | ₹34,356 Cr | 38.9 | 351.5% | 90.00% | -3.1% | Analyze |
31. NAVNEET EDUCATION LTD NAVNETEDUL • Communication Services | ₹129.32 | ₹2,828 Cr | 8.0 | 348.9% | 371.00% | -28.9% | Analyze |
32. P&G HYGIENE & HEALTH CARE PGHH • Consumer Defensive | ₹6,982 | ₹24,404 Cr | 30.9 | 338.0% | 175.00% | -25.4% | Analyze |
33. SUPREME INDUSTRIES LTD SUPREMEIND • Industrials | ₹3,156.9 | ₹42,755 Cr | 42.4 | 323.2% | 104.00% | 8.7% | Analyze |
34. PROCTER & GAMBLE HEALTH L PGHL • Healthcare | ₹5,556 | ₹8,983 Cr | 25.2 | 310.1% | 272.00% | 49.0% | Analyze |
35. RATTANINDIA POWER LIMITED RTNPOWER • Utilities | ₹6.64 | ₹3,850 Cr | 32.3 | 304.0% | - | -2.7% | Analyze |
36. SUBROS LIMITED SUBROS • Consumer Cyclical | ₹603.25 | ₹4,591 Cr | 27.5 | 285.4% | 43.00% | -17.5% | Analyze |
37. POWER FIN CORP LTD. PFC • Financial Services | ₹328.8 | ₹1,16,642 Cr | 4.1 | 282.3% | 481.00% | -31.3% | Analyze |
38. HINDUSTAN ZINC LIMITED HINDZINC • Basic Materials | ₹568.1 | ₹2,43,569 Cr | 14.0 | 255.1% | 373.00% | 38.8% | Analyze |
39. GRAUER & WEIL IND LTD GRAUWEIL • Basic Materials | ₹76.25 | ₹3,428 Cr | 21.3 | 238.1% | 60.00% | 10.1% | Analyze |
40. J & K BANK LTD. J&KBANK • Financial Services | ₹123.11 | ₹15,997 Cr | 6.9 | 232.5% | 143.00% | 45.4% | Analyze |
41. CIE AUTOMOTIVE INDIA LTD CIEINDIA • Consumer Cyclical | ₹354.25 | ₹14,402 Cr | 15.9 | 220.6% | 186.00% | 12.5% | Analyze |
42. THE SOUTH INDIAN BANK LTD SOUTHBANK • Financial Services | ₹57.75 | ₹12,096 Cr | 8.0 | 220.1% | 92.00% | 40.7% | Analyze |
43. ENGINEERS INDIA LTD ENGINERSIN • Industrials | ₹292.7 | ₹15,116 Cr | 19.3 | 218.7% | 161.00% | -22.0% | Analyze |
44. ALGOQUANT FINTECH LIMITED ALGOQUANT • Financial Services | ₹82.24 | ₹1,816 Cr | 40.4 | 202.5% | - | 15.7% | Analyze |
45. HINDUSTAN UNILEVER LTD. HINDUNILVR • Consumer Defensive | ₹1,998.4 | ₹4,52,766 Cr | 41.8 | 200.4% | 236.00% | 5.8% | Analyze |
46. HONASA CONSUMER LIMITED HONASA • Consumer Defensive | ₹466.4 | ₹15,361 Cr | 61.9 | 198.3% | 68.00% | 21.1% | Analyze |
47. GILLETTE INDIA LTD GILLETTE • Consumer Defensive | ₹7,406.5 | ₹23,810 Cr | 35.6 | 193.6% | 258.00% | -26.0% | Analyze |
48. CHENNAI PETROLEUM CORP LT CHENNPETRO • Energy | ₹1,441.8 | ₹23,422 Cr | 5.1 | 185.6% | 431.00% | 33.5% | Analyze |
49. TENNECO CLEAN AIR INDIA L TENNIND • Consumer Cyclical | ₹423.25 | ₹20,437 Cr | 33.9 | 184.9% | - | 15.4% | Analyze |
50. KERNEX MICROSYS(I) LTD KERNEX • Technology | ₹1,698.5 | ₹2,911 Cr | 15.2 | 179.5% | - | 346.6% | Analyze |
An ROCE above 15% is healthy, while an ROCE consistently exceeding 25% across business cycles indicates an exceptional compounding business with wide economic moats.
Return on Equity (ROE) can be artificially inflated by loading the company with excessive debt. ROCE evaluates operating earnings against all capital employed (equity plus debt), revealing the true operational productivity of the enterprise.
FMCG, IT software services, specialized diagnostics, and capital-light asset management/depository businesses typically generate the highest ROCE due to low capital expenditure requirements.