A pedestrian looks on while an electronic stock board displays a graph. (Photographer: Kiyoshi Ota/Bloomberg)
Ambit Capital has listed 10 Indian companies that are likely to witness an improvement in return on capital employed as margin expands.India Inc.’s pre-tax RoCE—the efficiency with which a company can employ its capital, both debt and equity—has been steady since FY11 due to stable-to-better operating profit margin in a weak sales environment even as capital employed turns have been deteriorating since FY15, the brokerage said in a n...