Is Adani Green Energy (NSE:ADANIGREEN) A Future Multi-bagger?
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March 04, 2021 If you re looking for a multi-bagger, there s a few things to keep an eye out for. Typically, we ll want to notice a trend of growing
return on capital employed (ROCE) and alongside that, an expanding
base of capital employed. Ultimately, this demonstrates that it s a business that is reinvesting profits at increasing rates of return. So when we looked at
Adani Green Energy (NSE:ADANIGREEN) and its trend of ROCE, we really liked what we saw. Return On Capital Employed (ROCE): What is it? For those that aren t sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Adani Green Energy is: