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Rajasthan Tube Manufacturing CoBOM:530253 -0.88%36 ROC (Joel Greenblatt) % is 2.01% as of Jun. 2026, which is 85% below its 10-year median of 13.18. GuruFocus rates BOM:530253 with a GF Score™ of 36/100 and a GF Value™ of ₹0.55 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 630 Steel companies, Rajasthan Tube Manufacturing Co ranks better than 92.54% 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. Rajasthan Tube Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 2.01%.
The historical rank and industry rank for Rajasthan Tube Manufacturing Co's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:530253'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.84 Med: 13.18 Max: 35.69
Current: 35.69
During the past 13 years, Rajasthan Tube Manufacturing Co's highest ROC (Joel Greenblatt) % was 35.69%. The lowest was -7.84%. And the median was 13.18%.
BOM:530253's ROC (Joel Greenblatt) % is ranked better than 92.54% of 630
companies
in the Steel industry
Industry Median: 8.45
vs BOM:530253: 35.69
Rajasthan Tube Manufacturing Co (BOM:530253) 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.
Rajasthan Tube Manufacturing Co ROC (Joel Greenblatt) % Chart
BOM:530253 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Rajasthan Tube Manufacturing Co'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.
Rajasthan Tube Manufacturing Co ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Rajasthan Tube Manufacturing Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Rajasthan Tube Manufacturing Co's ROC (Joel Greenblatt) % falls into.
Rajasthan Tube Manufacturing Co 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 2.01% mean?
Rajasthan Tube Manufacturing Co (BOM:530253) has a ROC (Joel Greenblatt) % of 2.01% 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 Rajasthan Tube Manufacturing Co and its competitors. This is 85% below median its historical median of 13.18. According to the industry distribution chart, Rajasthan Tube Manufacturing Co ranks #47 out of 630 companies in the Steel industry, placing it in the top 7.5%.
Is Rajasthan Tube Manufacturing Co's ROC (Joel Greenblatt) % too high?
Rajasthan Tube Manufacturing Co's current ROC (Joel Greenblatt) % of 2.01% is 85% below median its 10-year median of 13.18. The Steel industry median ROC (Joel Greenblatt) % is 8.45. Rajasthan Tube Manufacturing Co's value of 2.01% is 76.2% below this industry median. Based on the distribution chart, Rajasthan Tube Manufacturing Co ranks #47 out of 630 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Rajasthan Tube Manufacturing Co has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rajasthan Tube Manufacturing Co's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Rajasthan Tube Manufacturing Co ranks #47 out of 630 companies for ROC (Joel Greenblatt) %. This places Rajasthan Tube Manufacturing Co in the top 8% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.45. Rajasthan Tube Manufacturing Co's value of 2.01% is 76.2% below this benchmark. While the company's 10-year median is 13.18 vs. the industry median of 8.45, Rajasthan Tube Manufacturing Co has consistently been below 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 8.45, based on 630 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. Rajasthan Tube Manufacturing Co's current ROC (Joel Greenblatt) % of 2.01% is 76.2% 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 Rajasthan Tube Manufacturing Co 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. Rajasthan Tube Manufacturing Co's current ROC (Joel Greenblatt) % is 2.01%, which is 85% below median its own 10-year median of 13.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rajasthan Tube Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Rajasthan Tube Manufacturing Co (BOM:530253) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.55, compared to a current price of ₹10.10 — trading 1736.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 2.01%, which is 85% below median its 10-year median of 13.18 and 76.2% below the Steel industry median of 8.45. Rajasthan Tube Manufacturing Co's overall GF Score™ is 36/100 with 3 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 Rajasthan Tube Manufacturing Co (BOM:530253), the current ROC (Joel Greenblatt) % is 2.01% 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 Rajasthan Tube Manufacturing Co (BOM:530253) Overvalued in 2026?
Based on GuruFocus' analysis, Rajasthan Tube Manufacturing Co stock appears to be overvalued.
The current stock price of ₹10.10 is trading 1736.4% above its estimated GF Value™ of ₹0.55.
GuruFocus considers Rajasthan Tube Manufacturing Co to be Significantly Overvalued.
Key valuation signals for BOM:530253:
ROC (Joel Greenblatt) %: 2.01% (85% below median its 10-year median of 13.18)
GF Value™: ₹0.55 vs. price of ₹10.10 (1736.4% above fair value)
Industry Position: 76.2% below the Steel median (#47 of 630)
No single metric tells the full story. See the BOM:530253 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rajasthan Tube Manufacturing Co Ltd manufactures and trades in steel tubes, pipes, and sheets in India. It offers Electric Resistance Welding (ERW) steel black pipes, ERW steel galvanized pipes, and hot rolled steel sheets. Its steel black and galvanized steel pipes/tubes are used in various applications, such as water pipelines, water mains, sewerage systems, industrial water lines, crude oil piping, and cross-country pipelines. Its hot rolled steel sheets are used in making tubular products, including hot rolled coils, pipes, LPG cylinders, shuttering plates, and off late in the construction sector; as component in the making of pressure vessels, in buildings, and hull and steel structures, as well as in boiler usage; and making critical safety parts and automobile suspension.
36GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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