Flash Finance

High ROCE stocks — return on capital employed above 20%

Companies with return on capital employed above 20% in the latest financial year and market cap above ₹500 Cr. Banks are excluded because ROCE does not apply to them.

Prices as of 21 Sep 2026 428 companies qualify 4,746 companies screened
The rule, exactly as applied
ROCE ≥ 20%Profitable (TTM)Market Cap ≥ ₹500 Cr

Excludes results distorted by one-offs or thin equity (negative book value, P/E below 3, trailing profit above half of sales, ROE above 150%) and listed InvITs/REITs, whose payouts are not comparable with a company's dividends.

Every ratio is the same number the company's own fundamentals page shows. Click any company to see the quarterly results, balance sheet and peers behind it.

# Company Sector Market Cap Price ROCEROEOPMDebt/EquityP/E
1 Procter & Gamble Hygiene and Health Care LimitedPGHH · Jun 2026 FMCG ₹24,105 Cr ₹7,426 157.0% 104.9% 25.3% 0.00 30.50
2 Colgate Palmolive (India) LimitedCOLPAL · Jun 2026 FMCG ₹51,460 Cr ₹1,892 108.0% 85.1% 30.6% 0.03 38.17
3 Timex Group India Ltd500414 · Jun 2026 Consumer Durables ₹6,114 Cr ₹605.65 93.0% 76.6% 15.1% 0.05 71.91
4 Gillette India LimitedGILLETTE · Jun 2026 FMCG ₹22,966 Cr ₹7,048 91.0% 70.6% 30.3% 0.00 34.36
5 One Global Service Provider Ltd514330 · Jun 2026 Healthcare ₹1,050 Cr ₹521.45 87.0% 52.3% 19.1% 0.00 14.14
6 Nestle India LimitedNESTLEIND · Jun 2026 FMCG ₹267,072 Cr ₹1,385 85.0% 74.1% 23.5% 0.09 69.89
7 Procter & Gamble Health LimitedPGHL · Jun 2026 Pharma ₹9,135 Cr ₹5,504 84.0% 68.2% 32.5% 0.02 25.51
8 GE Vernova T&D India LimitedGVT&D · Jun 2026 Electric Equipment ₹111,792 Cr ₹4,366 76.0% 48.5% 26.2% 0.01 85.67
9 Mobavenue AI Tech Ltd539682 · Jun 2026 IT ₹2,130 Cr ₹275.50 76.0% 38.9% 21.3% 0.14 60.83
10 Multi Commodity Exchange of India LimitedMCX · Dec 2025 Miscellaneous ₹81,674 Cr ₹3,209 71.0% 32.9% 64.7% 0.00 87.14
11 Hindustan Zinc LimitedHINDZINC · Jun 2026 Metal ₹250,054 Cr ₹591.80 70.0% 75.4% 56.1% 0.39 14.65
12 Esab India LimitedESABINDIA · Jun 2026 Electrodes - Welding Equipment ₹8,560 Cr ₹5,561 65.0% 41.9% 13.4% 0.01 47.60
13 Page Industries LimitedPAGEIND · Mar 2026 Textiles - Products ₹40,098 Cr ₹35,950 64.0% 50.9% 22.0% 0.18 52.42
14 Jeena Sikho Lifecare LimitedJSLL · Jun 2026 Pharma ₹6,316 Cr ₹508.10 64.0% 50.7% 42.6% 0.27 26.69
15 Websol Energy System LimitedWEBELSOLAR · Jun 2026 Electric Equipment ₹3,127 Cr ₹72.03 63.0% 49.6% 37.4% 0.21 10.00
16 Tata Consultancy Services LimitedTCS · Jun 2026 IT ₹770,182 Cr ₹2,129 63.0% 46.7% 26.9% 0.11 15.39
17 GlaxoSmithKline Pharmaceuticals LimitedGLAXO · Jun 2026 Pharma ₹48,499 Cr ₹2,863 61.0% 47.1% 40.8% 0.01 45.42
18 Castrol India LimitedCASTROLIND · Mar 2026 Chemicals ₹19,140 Cr ₹193.50 60.0% 50.4% 23.4% 0.03 19.96
19 Swaraj Engines LimitedSWARAJENG · Jun 2026 Auto ₹4,340 Cr ₹3,572 59.0% 41.4% 13.3% 0.00 21.43
20 HBL Engineering LimitedHBLENGINE · Jun 2026 Auto ₹20,785 Cr ₹749.85 58.0% 35.0% 32.2% 0.03 26.79
21 BSE LimitedBSE · Jun 2026 Miscellaneous ₹128,377 Cr ₹3,161 58.0% 38.4% 65.4% 0.00 50.06
22 Ingersoll Rand (India) LimitedINGERRAND · Jun 2026 Compressors / Drilling Equipment ₹13,279 Cr ₹4,206 57.0% 43.4% 24.0% 0.01 49.65
23 Britannia Industries LimitedBRITANNIA · Jun 2026 FMCG ₹120,988 Cr ₹5,023 56.0% 51.9% 18.8% 0.27 45.63
24 NINtec Systems LimitedNINSYS · Jun 2026 IT ₹1,326 Cr ₹713.90 55.0% 36.5% 26.6% 0.02 39.52
25 International Gemmological Institute (India) LimitedIGIL · Jun 2026 Miscellaneous ₹13,993 Cr ₹323.80 54.0% 43.3% 64.1% 0.10 22.92
26 Accelya Solutions India LimitedACCELYA · Jun 2026 IT ₹1,672 Cr ₹1,120 54.0% 36.2% 32.5% 0.33 17.56
27 Indian Energy Exchange LimitedIEX · Jun 2026 Miscellaneous ₹10,127 Cr ₹113.82 51.0% 36.5% 126.9% 0.01 20.35
28 Frontier Springs Ltd522195 · Mar 2026 Auto ₹1,387 Cr ₹1,187 51.0% 33.7% 26.7% 0.06 22.37
29 3M India Limited3MINDIA · Jun 2025 Diversified - Large ₹39,118 Cr ₹34,725 50.0% 28.1% 17.5% 0.10 78.77
30 Viviana Power Tech LimitedVIVIANA · Jun 2026 Infrastructure ₹736 Cr ₹732.60 49.0% 54.7% 13.7% 0.86 11.58
31 Computer Age Management Services LimitedCAMS · Jun 2026 Miscellaneous ₹17,476 Cr ₹703.85 49.0% 35.9% 40.5% 0.05 36.90
32 Kernex Microsystems (India) LimitedKERNEX · Mar 2026 Electronics - Components ₹2,991 Cr ₹1,780 48.0% 35.5% 34.5% 0.65 33.99
33 Marico LimitedMARICO · Mar 2026 FMCG ₹107,005 Cr ₹824.40 47.0% 43.1% 17.1% 0.13 59.02
34 Indian Railway Catering And Tourism Corporation LimitedIRCTC · Mar 2026 Travel Agencies ₹37,656 Cr ₹470.70 46.0% 32.3% 31.9% 0.02 27.04
35 Prizor Viztech LimitedPRIZOR · Sep 2025 Consumer Durables ₹1,183 Cr ₹1,107 45.0% 32.8% 21.7% 0.41 73.66
36 Oracle Financial Services Software LimitedOFSS · Jun 2026 IT ₹95,016 Cr ₹10,911 45.0% 43.6% 50.4% 0.00 27.83
37 Abbott India LimitedABBOTINDIA · Dec 2025 Pharma ₹57,288 Cr ₹26,960 45.0% 30.3% 26.4% 0.04 39.64
38 Alpex Solar LimitedALPEXSOLAR · Jun 2026 Electric Equipment ₹2,341 Cr ₹916.65 44.0% 35.6% 14.1% 0.96 11.71
39 Om Power Transmission LimitedOMPOWER · Jun 2026 Infrastructure ₹564 Cr ₹170.50 43.0% 35.4% 13.6% 0.35 11.62
40 Garden Reach Shipbuilders & Engineers LimitedGRSE · Jun 2026 Miscellaneous ₹27,174 Cr ₹2,372 43.0% 30.5% 11.1% 0.01 33.93
41 Hindustan Copper LimitedHINDCOPPER · Jun 2026 Metal ₹48,733 Cr ₹503.95 42.0% 34.1% 47.5% 0.03 42.80
42 Garuda Construction and Engineering LimitedGARUDA · Jun 2026 Infrastructure ₹1,645 Cr ₹176.77 42.0% 29.9% 31.6% 0.03 12.09
43 Dixon Technologies (India) LimitedDIXON · Jun 2026 Consumer Durables ₹81,171 Cr ₹13,350 42.0% 44.5% 3.6% 0.21 38.99
44 String Metaverse Ltd534535 · Jun 2026 IT ₹1,027 Cr ₹8.01 42.0% 36.8% 10.8% 0.02 8.42
45 V Marc India LimitedVMARCIND · Jun 2026 Infrastructure ₹5,081 Cr ₹346.75 41.0% 53.1% 11.1% 0.74 33.09
46 Hawkins Cookers Ltd508486 · Jun 2026 Consumer Durables ₹4,385 Cr ₹8,293 41.0% 30.6% 14.2% 0.07 32.16
47 Sahana System LimitedSAHANA · Mar 2026 IT ₹900 Cr ₹848.75 40.0% 45.2% 31.2% 0.07 7.91
48 National Aluminium Company LimitedNATIONALUM · Jun 2026 Metal ₹64,741 Cr ₹352.50 40.0% 31.2% 47.4% 0.00 9.59
49 Infosys LimitedINFY · Mar 2026 IT ₹420,605 Cr ₹1,038 40.0% 31.7% 21.1% 0.10 14.28
50 Glenmark Pharmaceuticals LimitedGLENMARK · Jun 2026 Pharma ₹69,145 Cr ₹2,450 40.0% 17.1% 27.0% 0.06 38.47
51 D. P. Abhushan LimitedDPABHUSHAN · Jun 2026 Consumer Durables ₹3,248 Cr ₹1,423 40.0% 21.8% 8.1% 0.46 23.50
52 Cummins India LimitedCUMMINSIND · Jun 2026 Auto ₹140,457 Cr ₹5,067 40.0% 27.9% 20.4% 0.00 59.36
53 Valiant Communications Ltd526775 · Jun 2026 Telecom - Equipment & Accessories ₹1,397 Cr ₹1,270 40.0% 28.4% 37.8% 0.03 51.28
54 Waaree Energies LimitedWAAREEENER · Jun 2026 Electric Equipment ₹71,884 Cr ₹2,499 39.0% 27.7% 21.1% 0.22 17.96
55 Motherson Sumi Wiring India LimitedMSUMI · Jun 2026 Auto ₹23,609 Cr ₹35.60 39.0% 29.0% 8.7% 0.11 37.69
56 MPS LimitedMPSLTD · Jun 2026 IT ₹4,443 Cr ₹2,617 39.0% 31.5% 32.0% 0.10 23.64
57 K.P. Energy LimitedKPEL · Jun 2026 Infrastructure ₹1,575 Cr ₹232.32 39.0% 34.7% 18.5% 0.84 8.65
58 ITC LimitedITC · Jun 2026 FMCG ₹334,545 Cr ₹267.00 39.0% 27.8% 32.6% 0.03 16.57
59 Bondada Engineering Ltd543971 · Jun 2026 Telecom - Infrastructure ₹2,978 Cr ₹268.60 39.0% 32.1% 11.3% 0.42 13.36
60 TAC Infosec LimitedTAC · Mar 2026 IT ₹1,029 Cr ₹490.90 38.0% 45.2% 52.5% 0.01 27.43
61 Netweb Technologies India LimitedNETWEB · Jun 2026 IT ₹28,047 Cr ₹4,718 38.0% 37.3% 13.9% 0.39 104.06
62 Indo Tech Transformers LimitedINDOTECH · Jun 2026 Electric Equipment ₹3,519 Cr ₹3,314 38.0% 26.6% 15.1% 0.01 35.41
63 Hyundai Motor India LimitedHYUNDAI · Jun 2026 Auto ₹174,209 Cr ₹2,144 38.0% 24.7% 11.2% 0.05 35.18
64 Cospower Engineering Ltd543172 · Mar 2026 Industrial Products ₹543 Cr ₹2,560 38.0% 29.8% 21.3% 0.60 38.76
65 Wanbury LimitedWANBURY · Jun 2025 Pharma ₹796 Cr ₹227.55 37.0% 72.0% 13.9% 3.03 18.73
66 SRM Contractors LimitedSRM · Jun 2026 Infrastructure ₹966 Cr ₹421.00 37.0% 31.8% 17.2% 0.36 8.20
67 Solar Industries India LimitedSOLARINDS · Jun 2026 Chemicals ₹174,329 Cr ₹19,265 37.0% 32.7% 27.3% 0.24 85.00
68 R M Drip and Sprinklers Systems LimitedRMDRIP · Jun 2026 Plastics Products ₹988 Cr ₹23.08 37.0% 31.6% 25.3% 0.49 28.20
69 Gokul Agro Resources LimitedGOKULAGRO · Jun 2026 FMCG ₹6,526 Cr ₹221.16 37.0% 28.5% 3.0% 0.41 16.10
70 Bharat Electronics LimitedBEL · Jun 2026 Electronics - Components ₹291,295 Cr ₹398.50 37.0% 25.6% 28.6% 0.00 47.36
71 Shukra Pharmaceuticals Ltd524632 · Jun 2026 Pharma ₹2,403 Cr ₹54.61 37.0% 37.8% 62.2% 0.06 70.72
72 Jyoti Resins & Adhesives Ltd514448 · Jun 2026 Chemicals ₹1,010 Cr ₹842.80 37.0% 22.1% 23.5% 0.00 15.84
73 Triveni Turbine LimitedTRITURBINE · Jun 2026 Electric Equipment ₹17,664 Cr ₹555.65 36.0% 23.8% 19.6% 0.02 51.38
74 Solex Energy LimitedSOLEX · Jun 2026 Electric Equipment ₹748 Cr ₹692.05 36.0% 32.4% 10.6% 1.34 9.11
75 Sharda Motor Industries LimitedSHARDAMOTR · Jun 2026 Auto ₹5,498 Cr ₹957.75 36.0% 25.3% 11.6% 0.04 16.57
76 Mazagon Dock Shipbuilders LimitedMAZDOCK · Jun 2026 Miscellaneous ₹90,034 Cr ₹2,232 36.0% 29.3% 19.3% 0.05 31.55
77 Kronox Lab Sciences LimitedKRONOX · Jun 2026 Chemicals ₹655 Cr ₹176.65 36.0% 24.6% 33.4% 0.02 22.94
78 Jai Balaji Industries LimitedJAIBALAJI · Dec 2025 Metal ₹5,798 Cr ₹63.56 36.0% 8.3% 6.9% 0.21 31.58
79 Indraprastha Medical Corporation LimitedINDRAMEDCO · Jun 2026 Healthcare ₹3,355 Cr ₹365.95 36.0% 25.4% 18.0% 0.05 17.82
80 Hero MotoCorp LimitedHEROMOTOCO · Mar 2026 Auto ₹108,457 Cr ₹5,419 36.0% 26.7% 14.8% 0.04 18.78
81 FORCE MOTORS LTDFORCEMOT · Jun 2026 Auto ₹23,039 Cr ₹17,485 36.0% 29.9% 16.1% 0.00 18.40
82 Vikram Thermo India Ltd530477 · Jun 2026 Chemicals ₹1,050 Cr ₹338.70 36.0% 27.9% 42.0% 0.03 23.95
83 Thyrocare Technologies LimitedTHYROCARE · Jun 2026 Healthcare ₹9,095 Cr ₹571.45 35.0% 29.1% 32.7% 0.09 53.52
84 Suzlon Energy LimitedSUZLON · Jun 2026 Electric Equipment ₹59,574 Cr ₹43.34 35.0% 33.2% 17.3% 0.06 18.95
85 Manorama Industries LimitedMANORAMA · Jun 2026 FMCG ₹12,138 Cr ₹1,923 35.0% 35.6% 25.4% 0.52 50.03
86 Ganesh Green Bharat LimitedGGBL · Mar 2026 Infrastructure ₹509 Cr ₹205.40 35.0% 37.3% 11.8% 0.19 4.85
87 eClerx Services LimitedECLERX · Jun 2026 IT ₹17,956 Cr ₹1,951 35.0% 28.5% 25.3% 0.15 24.62
88 Coal India LimitedCOALINDIA · Jun 2026 Metal ₹255,568 Cr ₹414.70 35.0% 27.7% 40.8% 0.12 7.75
89 Chennai Petroleum Corporation LimitedCHENNPETRO · Jun 2026 Oil & Gas ₹20,483 Cr ₹1,376 35.0% 37.6% 7.9% 0.18 4.91
90 Khazanchi Jewellers Ltd543953 · Jun 2026 Consumer Durables ₹1,842 Cr ₹736.80 35.0% 32.1% 6.4% 0.34 17.91
91 Sika Interplant Systems Ltd523606 · Jun 2026 Aerospace & Defense ₹2,301 Cr ₹1,047 35.0% 22.4% 22.0% 0.00 66.40
92 Persistent Systems LimitedPERSISTENT · Jun 2026 IT ₹85,130 Cr ₹5,449 34.0% 24.5% 18.3% 0.06 44.27
93 Macfos Ltd543787 · Jun 2026 IT ₹1,032 Cr ₹1,032 34.0% 27.5% 11.4% 0.38 39.06
94 PNGS Gargi Fashion Jewellery Ltd543709 · Jun 2026 Consumer Durables ₹610 Cr ₹599.00 34.0% 22.0% 25.8% 0.09 19.65
95 KSE Ltd519421 · Jun 2026 Animal Feed ₹576 Cr ₹176.10 34.0% 13.3% 3.5% 0.07 12.41
96 TD Power Systems LimitedTDPOWERSYS · Jun 2026 Electric Equipment ₹23,350 Cr ₹747.30 33.0% 25.6% 18.0% 0.02 85.03
97 Shanti Gold International LimitedSHANTIGOLD · Jun 2026 Consumer Durables ₹1,985 Cr ₹258.69 33.0% 31.2% 10.6% 0.36 10.65
98 Premier Energies LimitedPREMIERENE · Jun 2026 Electric Equipment ₹41,529 Cr ₹919.90 33.0% 38.9% 30.0% 0.86 24.81
99 Precision Wires India LimitedPRECWIRE · Jun 2026 Metal ₹8,660 Cr ₹473.70 33.0% 22.7% 5.3% 0.38 49.44
100 Polycab India LimitedPOLYCAB · Jun 2026 Infrastructure ₹126,074 Cr ₹8,370 33.0% 24.2% 13.7% 0.02 43.39

Showing the top 100 of 428 qualifying companies.

About this screen

ROCE measures operating profit (EBIT) against all the capital a business uses, debt and equity together, so leverage cannot flatter it the way it flatters ROE. It is the number most quality-focused investors start with: a business earning 25% on capital year after year usually has a moat of some kind, whether pricing power, a cost advantage or a network. Compare ROCE with the company's cost of borrowing (roughly 9-11% for Indian corporates): the gap is the value it creates on every rupee reinvested.

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⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI