Thyrocare Technologies Ltd
NSE:THYROCARE

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Thyrocare Technologies Ltd Logo
Thyrocare Technologies Ltd
NSE:THYROCARE
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Price: 389.3 INR -1.28% Market Closed
Market Cap: ₹62B

ROCE

35.1%
Current
Improving
by 13.7%
vs 3-y average of 21.4%

Return on Capital Employed (ROCE) measures how efficiently a company uses its capital to generate profit. It shows how much net income is earned for each dollar of capital employed.

ROCE
35.1%
=
EBIT
₹1.9B
/
Avg Capital Employed
₹5.3B

Return on Capital Employed (ROCE) measures how efficiently a company uses its capital to generate profit. It shows how much net income is earned for each dollar of capital employed.

ROCE
35.1%
=
EBIT
₹1.9B
/
Avg Capital Employed
₹5.3B

Peer Comparison

Country Company Market Cap ROCE
IN
Thyrocare Technologies Ltd
NSE:THYROCARE
62.7B INR
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US
CVS Health Corp
NYSE:CVS
98.2B USD
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US
Cigna Group
XMUN:CGN
68.3B EUR
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US
Cigna Corp
NYSE:CI
73.4B USD
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DE
Fresenius SE & Co KGaA
XETRA:FRE
25.1B EUR
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DE
Fresenius Medical Care AG
XMUN:FME
22.8B EUR
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US
Laboratory Corporation of America Holdings
NYSE:LH
22.2B USD
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US
Quest Diagnostics Inc
NYSE:DGX
21.5B USD
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DE
Fresenius Medical Care AG & Co KGaA
XETRA:FME
11.1B EUR
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US
Guardant Health Inc
NASDAQ:GH
11.8B USD
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US
DaVita Inc
NYSE:DVA
10.1B USD
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Market Distribution

Higher than 95% of companies in India
Percentile
95th
Based on 5 591 companies
95th percentile
35.1%
Low
-2 275.6% — 2.6%
Typical Range
2.6% — 15.3%
High
15.3% — 5 652.3%
Distribution Statistics
India
Min -2 275.6%
30th Percentile 2.6%
Median 8.7%
70th Percentile 15.3%
Max 5 652.3%

Thyrocare Technologies Ltd
Glance View

Market Cap
62B INR
Industry
Health Care

Thyrocare Technologies Ltd. engages in provison of indepedent diagnostic and pathological laboratory services. The company is headquartered in Navi Mumbai, Maharashtra and currently employs 2,115 full-time employees. The company went IPO on 2016-05-09. The firm operates with a centralized processing laboratory (CPL) in Mumbai, India for esoteric tests, and regional processing laboratory in metro cities of India and other parts of Asia. The firm offers technologies, including Chemiluminescence Immunoassay (CLIA), Enzyme Linked Immunosorbent Assay (ELISA), High Performance Liquid Chromatography (HPLC), Capillary Electrophoresis (CE), Ion Selective Electrode (ISE), Fluorescence Flow Cytometry, Nephelometry, Photometry, Liquid Chromatography Mass Spectrometry (LC-MS), Inductively Coupled Plasma-Mass Spectrometry (ICP-MS) and Cytogenetics. The firm offers various kinds of tests, such as Aarogyam X, Aarogyam XL, Aarogyam 1.1, Aarogyam 1.2 and Covid Antibody GT. The company also offers Thyroxine (T4), Triiodothyronine (T3), Thyroid-stimulating hormone and Complete Vitamin Profile tests.

THYROCARE Intrinsic Value
234.81 INR
Overvaluation 40%
Intrinsic Value
Price ₹389.3
What is Return on Capital Employed?
Return on Capital Employed (ROCE) measures how efficiently a company uses its capital to generate profit. It shows how much net income is earned for each dollar of capital employed.
How is ROCE calculated?

ROCE is calculated by dividing the EBIT by the Avg Capital Employed.

ROCE
35.1%
=
EBIT
₹1.9B
/
Avg Capital Employed
₹5.3B
What is Thyrocare Technologies Ltd's current ROCE?

The current ROCE for Thyrocare Technologies Ltd is 35.1%, which is above its 3-year median of 21.4%.

How has ROCE changed over time?

Over the last 3 years, Thyrocare Technologies Ltd’s ROCE has increased from 18.1% to 35.1%. During this period, it reached a low of 14.3% on Jun 30, 2023 and a high of 35.1% on Jan 1, 2026.

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