Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Shri Bajrang AllianceBOM:526981 -1.04%57 ROC (Joel Greenblatt) % is 9.65% as of Mar. 2026, which is 17% above its 10-year median of 8.22. GuruFocus rates BOM:526981 with a GF Score™ of 57/100 and a GF Value™ of ₹114.40 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 633 Steel companies, Shri Bajrang Alliance ranks worse than 62.72% on this metric.
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. Shri Bajrang Alliance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.65%.
The historical rank and industry rank for Shri Bajrang Alliance's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:526981'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.27 Med: 8.22 Max: 10.84
Current: 3.76
During the past 13 years, Shri Bajrang Alliance's highest ROC (Joel Greenblatt) % was 10.84%. The lowest was 3.27%. And the median was 8.22%.
BOM:526981's ROC (Joel Greenblatt) % is ranked worse than 62.72% of 633
companies
in the Steel industry
Industry Median: 7.18
vs BOM:526981: 3.76
Shri Bajrang Alliance's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -22.20% per year.
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.
Shri Bajrang Alliance ROC (Joel Greenblatt) % Related Terms
Shri Bajrang Alliance ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Shri Bajrang Alliance's ROC (Joel Greenblatt) % can be seen below:
* 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.
BOM:526981 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Shri Bajrang Alliance'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.
Shri Bajrang Alliance ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Bajrang Alliance's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shri Bajrang Alliance's ROC (Joel Greenblatt) % falls into.
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 (Mar. 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 9.65% mean?
Shri Bajrang Alliance (BOM:526981) has a ROC (Joel Greenblatt) % of 9.65% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Shri Bajrang Alliance and its competitors. This is 17% above median its historical median of 8.22. Over the past decade, Shri Bajrang Alliance's ROC (Joel Greenblatt) % has ranged from 3.27 to 10.84. According to the industry distribution chart, Shri Bajrang Alliance ranks #397 out of 633 companies in the Steel industry, placing it in the top 62.7%.
Is Shri Bajrang Alliance's ROC (Joel Greenblatt) % too high?
Shri Bajrang Alliance's current ROC (Joel Greenblatt) % of 9.65% is 17% above median its 10-year median of 8.22. Over the past 10 years, this metric has ranged from a low of 3.27 to a high of 10.84. The Steel industry median ROC (Joel Greenblatt) % is 7.18. Shri Bajrang Alliance's value of 9.65% is 34.4% above this industry median. Based on the distribution chart, Shri Bajrang Alliance ranks #397 out of 633 companies in the Steel industry, which is below the industry midpoint. Overall, Shri Bajrang Alliance has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shri Bajrang Alliance's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Bajrang Alliance ranks #397 out of 633 companies for ROC (Joel Greenblatt) %. This places Shri Bajrang Alliance in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 7.18. Shri Bajrang Alliance's value of 9.65% is 34.4% above this benchmark. Historically, Shri Bajrang Alliance's own ROC (Joel Greenblatt) % has ranged from 3.27 to 10.84 over the past decade. While the company's 10-year median is 8.22 vs. the industry median of 7.18, Shri Bajrang Alliance has consistently been above the industry average. 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 7.18, based on 633 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. Shri Bajrang Alliance's current ROC (Joel Greenblatt) % of 9.65% is 34.4% above 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 Shri Bajrang Alliance and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Bajrang Alliance's current ROC (Joel Greenblatt) % is 9.65%, which is 17% above median its own 10-year median of 8.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Bajrang Alliance stock overvalued right now?
Based on GuruFocus' analysis, Shri Bajrang Alliance (BOM:526981) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹114.40, compared to a current price of ₹180.15 — trading 57.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 9.65%, which is 17% above median its 10-year median of 8.22 and 34.4% above the Steel industry median of 7.18. Shri Bajrang Alliance's overall GF Score™ is 57/100 with 8 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 Shri Bajrang Alliance (BOM:526981), the current ROC (Joel Greenblatt) % is 9.65% as of Mar. 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 Shri Bajrang Alliance (BOM:526981) Overvalued in 2026?
Based on GuruFocus' analysis, Shri Bajrang Alliance stock appears to be overvalued.
The current stock price of ₹180.15 is trading 57.5% above its estimated GF Value™ of ₹114.40.
GuruFocus considers Shri Bajrang Alliance to be Significantly Overvalued.
Key valuation signals for BOM:526981:
ROC (Joel Greenblatt) %: 9.65% (17% above median its 10-year median of 8.22)
GF Value™: ₹114.40 vs. price of ₹180.15 (57.5% above fair value)
Industry Position: 34.4% above the Steel median (#397 of 633)
No single metric tells the full story. See the BOM:526981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shri Bajrang Alliance Ltd is an Indian company engaged in the manufacturing of steel and ready-to-eat frozen foods. The company's products include angle, channel, beam, steel billets, and under frozen foods involve bread, snacks, and desserts. The company has two segments are Structural Rolling Mill and ready to cook frozen food. It operates domestically and Internationally.
57GF Score
Get the complete analysis for BOM:526981
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:526981 has been successfully added to your 
