Return on Capital Employed (ROCE) is one of the most important factors that are to be checked in order to find quality stocks. It measures a company’s profitability and efficiency. Ideally, it should be above 20 per cent.
Vijay Kishanlal Kedia publicly holds 16 stocks with a net worth of over ₹ 770.7 crores. Here are three stocks from the ace investor’s portfolio that have a good ROCE:
Vaibhav Global Ltd.
Source: Trade Brains Portal
Vaibhav Global is a niche business in the global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world – the US and the UK.
Ace investor Vijay Kedia holds a 2.0% stake in the company as per details available for the June quarter. In other words, he has 3,200,000 shares in the company worth ₹ 113.3 Crores.
The company is a small-cap company with a market capitalization of ₹ 5,836 crores. Its shares closed at ₹ 354.20 on Monday. The company has a ROCE of 20.95%.
Heritage Foods Ltd.
Source: Trade Brains Portal
The company is engaged in the business of procurement and processing of Milk & Milk products and also the generation of power through solar & wind for the captive consumption of its dairy plants.
Vijay Kedia holds a 1.1% stake as per the details available for the June quarter. In other words, he has 525,000 shares in the company and his holdings are worth 17.7 crores.
Heritage Foods is a small-cap company with a market capitalization of ₹ 1,567 crores. Its shares closed at ₹ 337.90 apiece on Monday. It has a ROCE of 20.82%.
Written by Simran Bafna
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