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Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. High Energy Batteries (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -7.99%.
The historical rank and industry rank for High Energy Batteries (India)'s ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:504176'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.47 Med: 23.98 Max: 45
Current: 18.17
During the past 13 years, High Energy Batteries (India)'s highest ROC (Joel Greenblatt) % was 45.00%. The lowest was 9.47%. And the median was 23.98%.
BOM:504176's ROC (Joel Greenblatt) % is ranked better than 58.94% of 358
companies
in the Aerospace & Defense industry
Industry Median: 10.86
vs BOM:504176: 18.17
High Energy Batteries (India) (BOM:504176) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
High Energy Batteries (India) ROC (Joel Greenblatt) % Chart
BOM:504176 vs SPCX, GE, RTX: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, High Energy Batteries (India)'s ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
High Energy Batteries (India) ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, High Energy Batteries (India)'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where High Energy Batteries (India)'s ROC (Joel Greenblatt) % falls into.
High Energy Batteries (India) ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of -7.99% mean?
High Energy Batteries (India) (BOM:504176) has a ROC (Joel Greenblatt) % of -7.99% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on High Energy Batteries (India) and its competitors. Over the past decade, High Energy Batteries (India)'s ROC (Joel Greenblatt) % has ranged from 9.47 to 45.00. According to the industry distribution chart, High Energy Batteries (India) ranks #147 out of 358 companies in the Aerospace & Defense industry, placing it in the top 41.1%.
Is High Energy Batteries (India)'s ROC (Joel Greenblatt) % too high?
High Energy Batteries (India)'s current ROC (Joel Greenblatt) % is -7.99%. Over the past 10 years, this metric has ranged from a low of 9.47 to a high of 45.00. Based on the distribution chart, High Energy Batteries (India) ranks #147 out of 358 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, High Energy Batteries (India) has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does High Energy Batteries (India)'s ROC (Joel Greenblatt) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, High Energy Batteries (India) ranks #147 out of 358 companies for ROC (Joel Greenblatt) %. This puts High Energy Batteries (India) in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.86. Historically, High Energy Batteries (India)'s own ROC (Joel Greenblatt) % has ranged from 9.47 to 45.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for an Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.86, based on 358 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on High Energy Batteries (India) and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. High Energy Batteries (India)'s current ROC (Joel Greenblatt) % is -7.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Energy Batteries (India) stock overvalued right now?
Based on GuruFocus' analysis, High Energy Batteries (India) (BOM:504176) is currently considered Fairly Valued. The stock's GF Value™ is ₹573.04, compared to a current price of ₹573.05 — trading 0% above its estimated fair value. The current ROC (Joel Greenblatt) % is -7.99%. High Energy Batteries (India)'s overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For High Energy Batteries (India) (BOM:504176), the current ROC (Joel Greenblatt) % is -7.99% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is High Energy Batteries (India) (BOM:504176) Overvalued in 2026?
Based on GuruFocus' analysis, High Energy Batteries (India) stock appears to be overvalued.
The current stock price of ₹573.05 is trading 0% above its estimated GF Value™ of ₹573.04.
GuruFocus considers High Energy Batteries (India) to be Fairly Valued.
Key valuation signals for BOM:504176:
ROC (Joel Greenblatt) %: -7.99%
GF Value™: ₹573.04 vs. price of ₹573.05 (0% above fair value)
No single metric tells the full story. See the BOM:504176 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
High Energy Batteries (India) Ltd is a battery manufacturer with its factory located at Mathur, near Trichy. The batteries are manufactured for use in Indian Army, Navy, Air Force and Launch Vehicles. It also has the facility to manufacture commercial batteries for auto and standby VRLA Applications. It has two business segments Aerospace, Naval and Power System Batteries and Lead Acid Batteries includes Batteries for commercial application are manufactured. It generates majority of revenue from Aerospace, Naval and Power System Batteries Silver-based and Nickel-based Batteries are manufactured in this segment; customers in majority being the Defence Ministry of Indian Government. It has presence in Domestic as well as Export market of which majority of revenue comes from Domestic.
69GF Score
Get the complete analysis for BOM:504176
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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