Despite significant debt usage, the company's ROE is deemed low, a disappointing outcome. High ROE usually signals a top-tier business, but high debt escalates risk and limits future possibilities.

The static ROCE trend and the increased capital employed seem inadequate for high-return investments. Underlying trends do not show promise for finding a multi-bagger in the company. There's a warning sign that the company needs to consider.

Despite a high ROE, the mix of low ROE and significant debt use is not attractive. High debt levels imply greater risk and thus, better returns are expected from the company.