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Niks TechnologyBOM:543282 85 ROC (Joel Greenblatt) % is 8.80% as of Mar. 2026, which is 62% below its 10-year median of 22.96. GuruFocus rates BOM:543282 with a GF Score™ of 85/100 and a GF Value™ of ₹427.07 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,822 Software companies, Niks Technology ranks worse than 55.67% 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. Niks Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.80%.
The historical rank and industry rank for Niks Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:543282'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.73 Med: 22.96 Max: 156.01
Current: 10.8
During the past 9 years, Niks Technology's highest ROC (Joel Greenblatt) % was 156.01%. The lowest was -16.73%. And the median was 22.96%.
BOM:543282's ROC (Joel Greenblatt) % is ranked worse than 55.67% of 2822
companies
in the Software industry
Industry Median: 22.685
vs BOM:543282: 10.80
Niks Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -22.90% 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.
Niks Technology ROC (Joel Greenblatt) % Related Terms
Niks Technology ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Niks Technology'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:543282 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Niks Technology'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.
Niks Technology ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Niks Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Niks Technology'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 two times the semi-annual (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 8.80% mean?
Niks Technology (BOM:543282) has a ROC (Joel Greenblatt) % of 8.80% 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 Niks Technology and its competitors. This is 62% below median its historical median of 22.96. According to the industry distribution chart, Niks Technology ranks #1571 out of 2822 companies in the Software industry, placing it in the top 55.7%.
Is Niks Technology's ROC (Joel Greenblatt) % too high?
Niks Technology's current ROC (Joel Greenblatt) % of 8.80% is 62% below median its 10-year median of 22.96. The Software industry median ROC (Joel Greenblatt) % is 22.69. Niks Technology's value of 8.80% is 61.2% below this industry median. Based on the distribution chart, Niks Technology ranks #1571 out of 2822 companies in the Software industry, which is below the industry midpoint. Overall, Niks Technology has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Niks Technology's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Niks Technology ranks #1571 out of 2822 companies for ROC (Joel Greenblatt) %. This places Niks Technology in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 22.69. Niks Technology's value of 8.80% is 61.2% below this benchmark. While the company's 10-year median is 22.96 vs. the industry median of 22.69, Niks Technology 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 22.69, based on 2,822 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. Niks Technology's current ROC (Joel Greenblatt) % of 8.80% is 61.2% 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 Niks Technology and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 22.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Niks Technology's current ROC (Joel Greenblatt) % is 8.80%, which is 62% below median its own 10-year median of 22.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Niks Technology stock overvalued right now?
Based on GuruFocus' analysis, Niks Technology (BOM:543282) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹427.07, compared to a current price of ₹304.50 — trading 28.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 8.80%, which is 62% below median its 10-year median of 22.96 and 61.2% below the Software industry median of 22.69. Niks Technology's overall GF Score™ is 85/100 with 4 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 Niks Technology (BOM:543282), the current ROC (Joel Greenblatt) % is 8.80% 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 Niks Technology (BOM:543282) Overvalued in 2026?
Based on GuruFocus' analysis, Niks Technology stock appears to be undervalued.
The current stock price of ₹304.50 is trading 28.7% below its estimated GF Value™ of ₹427.07.
GuruFocus considers Niks Technology to be Modestly Undervalued.
Key valuation signals for BOM:543282:
ROC (Joel Greenblatt) %: 8.80% (62% below median its 10-year median of 22.96)
GF Value™: ₹427.07 vs. price of ₹304.50 (28.7% below fair value)
Industry Position: 61.2% below the Software median (#1571 of 2822)
No single metric tells the full story. See the BOM:543282 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.
85GF 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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