Mazagon Dock and Apar Industries have seen a bounce-back in their ROCEs (return on capital employed) on the back of government spending. In general, midcaps have benefited a lot, but experts feel these are one-time orders and investors should not depend on this, as it is cyclical. In the past three years, the share price of Mazagon Dock Shipbuilders is up 163% and it is trading at a PE multiple of 38x. Similar is the case with Apar Industries
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These 25 stocks are making investors happy with their ‘ROCE Smile’
Synopsis
ET Prime filters 25 companies from the Nifty 500 universe that have reversed their fortunes. These firms have seen a huge rise in their returns and stock prices in the past 15 years.
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