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    Returns At AXISCADES Technologies (NSE:AXISCADES) Appear To Be Weighed Down

    Simply Wall St·12/09/2025 00:27:52
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    If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, the ROCE of AXISCADES Technologies (NSE:AXISCADES) looks decent, right now, so lets see what the trend of returns can tell us.

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    Return On Capital Employed (ROCE): What Is It?

    If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for AXISCADES Technologies:

    Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

    0.14 = ₹1.2b ÷ (₹12b - ₹3.4b) (Based on the trailing twelve months to September 2025).

    So, AXISCADES Technologies has an ROCE of 14%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Construction industry average of 15%.

    Check out our latest analysis for AXISCADES Technologies

    roce
    NSEI:AXISCADES Return on Capital Employed December 9th 2025

    Historical performance is a great place to start when researching a stock so above you can see the gauge for AXISCADES Technologies' ROCE against it's prior returns. If you'd like to look at how AXISCADES Technologies has performed in the past in other metrics, you can view this free graph of AXISCADES Technologies' past earnings, revenue and cash flow.

    So How Is AXISCADES Technologies' ROCE Trending?

    The trend of ROCE doesn't stand out much, but returns on a whole are decent. The company has employed 114% more capital in the last five years, and the returns on that capital have remained stable at 14%. 14% is a pretty standard return, and it provides some comfort knowing that AXISCADES Technologies has consistently earned this amount. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.

    On a side note, AXISCADES Technologies has done well to reduce current liabilities to 28% of total assets over the last five years. This can eliminate some of the risks inherent in the operations because the business has less outstanding obligations to their suppliers and or short-term creditors than they did previously.

    The Key Takeaway

    To sum it up, AXISCADES Technologies has simply been reinvesting capital steadily, at those decent rates of return. And the stock has done incredibly well with a 2,295% return over the last five years, so long term investors are no doubt ecstatic with that result. So while the positive underlying trends may be accounted for by investors, we still think this stock is worth looking into further.

    While AXISCADES Technologies doesn't shine too bright in this respect, it's still worth seeing if the company is trading at attractive prices. You can find that out with our FREE intrinsic value estimation for AXISCADES on our platform.

    While AXISCADES Technologies may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.