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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. Orissa Sponge Iron & Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 6.03%.
The historical rank and industry rank for Orissa Sponge Iron & Steel's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:504864'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -66.1 Med: -4.75 Max: 6.03
Current: 6.03
During the past 13 years, Orissa Sponge Iron & Steel's highest ROC (Joel Greenblatt) % was 6.03%. The lowest was -66.10%. And the median was -4.75%.
BOM:504864's ROC (Joel Greenblatt) % is not ranked
in the Steel industry.
Industry Median: 8.45
vs BOM:504864: 6.03
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.
Orissa Sponge Iron & Steel ROC (Joel Greenblatt) % Chart
BOM:504864 vs NUE: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Orissa Sponge Iron & Steel'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.
Orissa Sponge Iron & Steel ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Orissa Sponge Iron & Steel's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Orissa Sponge Iron & Steel's ROC (Joel Greenblatt) % falls into.
Orissa Sponge Iron & Steel 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 one times the annual (Mar. 2025) 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 6.03% mean?
Orissa Sponge Iron & Steel (BOM:504864) has a ROC (Joel Greenblatt) % of 6.03% as of Mar. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Orissa Sponge Iron & Steel and its competitors.
Is Orissa Sponge Iron & Steel's ROC (Joel Greenblatt) % too high?
Orissa Sponge Iron & Steel's current ROC (Joel Greenblatt) % is 6.03%. The Steel industry median ROC (Joel Greenblatt) % is 8.45. Orissa Sponge Iron & Steel's value of 6.03% is 28.6% below this industry median.
How does Orissa Sponge Iron & Steel's ROC (Joel Greenblatt) % compare to NUE?
Orissa Sponge Iron & Steel's ROC (Joel Greenblatt) % of 6.03% can be compared against companies in the Steel industry. The industry median ROC (Joel Greenblatt) % is 8.45. Orissa Sponge Iron & Steel's value of 6.03% is 28.6% below this benchmark. 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 a Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 8.45, based on 631 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. Orissa Sponge Iron & Steel's current ROC (Joel Greenblatt) % of 6.03% is 28.6% below the industry median. 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 Orissa Sponge Iron & Steel and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orissa Sponge Iron & Steel's current ROC (Joel Greenblatt) % is 6.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orissa Sponge Iron & Steel stock overvalued right now?
Orissa Sponge Iron & Steel (BOM:504864) has a current ROC (Joel Greenblatt) % of 6.03%. The current ROC (Joel Greenblatt) % is 6.03% and 28.6% below the Steel industry median of 8.45. 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 Orissa Sponge Iron & Steel (BOM:504864), the current ROC (Joel Greenblatt) % is 6.03% as of Mar. 2025. 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.
Orissa Sponge Iron & Steel Ltd is engaged in manufacturing and selling iron and steel. It mainly operates coal-based sponge iron plants, waste energy recovery-based power plants, and a billet-making plant. The Company's business activities falls within a single primary business segment which is Iron & Steel. The firm generates revenues through the sale of surplus power, and also involves in providing engineering and technical services. It operates a coal-based sponge iron plant, waste energy recovery-based power plants, and a billet-making plant.
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