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Garg FurnaceBOM:530615 +0.75%63 ROC (Joel Greenblatt) % is 10.32% as of Jun. 2026, which is 31% below its 10-year median of 14.93. GuruFocus rates BOM:530615 with a GF Score™ of 63/100 and a GF Value™ of ₹181.22 (Fairly Valued). The stock has 9 warning signs investors should review. Among 630 Steel companies, Garg Furnace ranks better than 76.51% 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. Garg Furnace's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 10.32%.
The historical rank and industry rank for Garg Furnace's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:530615'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.89 Med: 14.93 Max: 40.45
Current: 17.12
During the past 13 years, Garg Furnace's highest ROC (Joel Greenblatt) % was 40.45%. The lowest was -25.89%. And the median was 14.93%.
BOM:530615's ROC (Joel Greenblatt) % is ranked better than 76.51% of 630
companies
in the Steel industry
Industry Median: 8.47
vs BOM:530615: 17.12
Garg Furnace's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Garg Furnace ROC (Joel Greenblatt) % Related Terms
Garg Furnace ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Garg Furnace'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:530615 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Garg Furnace'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.
Garg Furnace ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Garg Furnace's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Garg Furnace'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 (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 10.32% mean?
Garg Furnace (BOM:530615) has a ROC (Joel Greenblatt) % of 10.32% 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 Garg Furnace and its competitors. This is 31% below median its historical median of 14.93. According to the industry distribution chart, Garg Furnace ranks #148 out of 630 companies in the Steel industry, placing it in the top 23.5%.
Is Garg Furnace's ROC (Joel Greenblatt) % too high?
Garg Furnace's current ROC (Joel Greenblatt) % of 10.32% is 31% below median its 10-year median of 14.93. The Steel industry median ROC (Joel Greenblatt) % is 8.47. Garg Furnace's value of 10.32% is 21.8% above this industry median. Based on the distribution chart, Garg Furnace ranks #148 out of 630 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Garg Furnace has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Garg Furnace's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Garg Furnace ranks #148 out of 630 companies for ROC (Joel Greenblatt) %. This places Garg Furnace in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.47. Garg Furnace's value of 10.32% is 21.8% above this benchmark. While the company's 10-year median is 14.93 vs. the industry median of 8.47, Garg Furnace 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 8.47, 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. Garg Furnace's current ROC (Joel Greenblatt) % of 10.32% is 21.8% 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 Garg Furnace and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 8.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garg Furnace's current ROC (Joel Greenblatt) % is 10.32%, which is 31% below median its own 10-year median of 14.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garg Furnace stock overvalued right now?
Based on GuruFocus' analysis, Garg Furnace (BOM:530615) is currently considered Fairly Valued. The stock's GF Value™ is ₹181.22, compared to a current price of ₹175.60 — trading 3.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.32%, which is 31% below median its 10-year median of 14.93 and 21.8% above the Steel industry median of 8.47. Garg Furnace's overall GF Score™ is 63/100 with 9 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 Garg Furnace (BOM:530615), the current ROC (Joel Greenblatt) % is 10.32% 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 Garg Furnace (BOM:530615) Overvalued in 2026?
Based on GuruFocus' analysis, Garg Furnace stock appears to be undervalued.
The current stock price of ₹175.60 is trading 3.1% below its estimated GF Value™ of ₹181.22.
GuruFocus considers Garg Furnace to be Fairly Valued.
Key valuation signals for BOM:530615:
ROC (Joel Greenblatt) %: 10.32% (31% below median its 10-year median of 14.93)
GF Value™: ₹181.22 vs. price of ₹175.60 (3.1% below fair value)
Industry Position: 21.8% above the Steel median (#148 of 630)
No single metric tells the full story. See the BOM:530615 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garg Furnace Ltd is an India-based company. It is engaged in the manufacturing and trading of alloy and non-alloy steel ingots, wire rods, wire round, mig wire, and casting of iron products. The company operates in a single reportable segment which is the business of manufacturing of Iron and Steel Products such as M.S. Round Ingot, Wire Rod, etc. Geographically, it operates only in India.
63GF Score
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