Promax Power (BOM:543375) ROC (Joel Greenblatt) %: 4.28% (As of Mar. 2026) — 59% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BOM:543375 Promax Power Ltd BOM:543375
57 GF Score
Price ₹11.10
GF Value ₹28.83
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Promax Power ROC (Joel Greenblatt) %?

Promax Power BOM:543375 57 ROC (Joel Greenblatt) % is 4.28% as of Mar. 2026, which is 59% below its 10-year median of 10.55. GuruFocus rates BOM:543375 with a GF Score™ of 57/100 and a GF Value™ of ₹28.83 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,787 Construction companies, Promax Power ranks worse than 65.3% 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. Promax Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.28%.

The historical rank and industry rank for Promax Power's ROC (Joel Greenblatt) % or its related term are showing as below:

BOM:543375' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.06   Med: 10.55   Max: 16.77
Current: 9.56

During the past 6 years, Promax Power's highest ROC (Joel Greenblatt) % was 16.77%. The lowest was 8.06%. And the median was 10.55%.

BOM:543375's ROC (Joel Greenblatt) % is ranked worse than
65.3% of 1787 companies
in the Construction industry
Industry Median: 19.37 vs BOM:543375: 9.56

Promax Power's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.80% per year.


Promax Power  (BOM:543375) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Promax Power ROC (Joel Greenblatt) % Related Terms


Promax Power ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Promax Power'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.

Promax Power ROC (Joel Greenblatt) % Chart

Promax Power Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 11.67 8.06 9.43 12.31 8.25

Promax Power Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 18.00 17.44 15.22 16.28 4.28

BOM:543375 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison

For the Engineering & Construction subindustry, Promax Power'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.


Promax Power ROC (Joel Greenblatt) % vs Construction Industry

For the Construction industry and Industrials sector, Promax Power's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Promax Power's ROC (Joel Greenblatt) % falls into.


BOM:543375
57GF Score
Promax Power Ltd BOM:543375
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Promax Power 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(147.473 + 256.847 + -0.00099999999997635) - (87.561 + 0 + 64.162)
=252.596

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(207.483 + 264.2 + 0) - (31.619 + 0 + 20.985)
=419.079

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Promax Power for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=14.512/( ( (3.516 + max(252.596, 0)) + (3.244 + max(419.079, 0)) )/ 2 )
=14.512/( ( 256.112 + 422.323 )/ 2 )
=14.512/339.2175
=4.28 %

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 4.28% mean?
Promax Power (BOM:543375) has a ROC (Joel Greenblatt) % of 4.28% 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 Promax Power and its competitors. This is 59% below median its historical median of 10.55. Over the past decade, Promax Power's ROC (Joel Greenblatt) % has ranged from 8.06 to 16.77. According to the industry distribution chart, Promax Power ranks #1167 out of 1787 companies in the Construction industry, placing it in the top 65.3%.
Is Promax Power's ROC (Joel Greenblatt) % too high?
Promax Power's current ROC (Joel Greenblatt) % of 4.28% is 59% below median its 10-year median of 10.55. Over the past 10 years, this metric has ranged from a low of 8.06 to a high of 16.77. The Construction industry median ROC (Joel Greenblatt) % is 19.37. Promax Power's value of 4.28% is 77.9% below this industry median. Based on the distribution chart, Promax Power ranks #1167 out of 1787 companies in the Construction industry, which is below the industry midpoint. Overall, Promax Power has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Promax Power's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Promax Power ranks #1167 out of 1787 companies for ROC (Joel Greenblatt) %. This places Promax Power in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.37. Promax Power's value of 4.28% is 77.9% below this benchmark. Historically, Promax Power's own ROC (Joel Greenblatt) % has ranged from 8.06 to 16.77 over the past decade. While the company's 10-year median is 10.55 vs. the industry median of 19.37, Promax Power 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.37, based on 1,787 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. Promax Power's current ROC (Joel Greenblatt) % of 4.28% is 77.9% 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 Promax Power and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Promax Power's current ROC (Joel Greenblatt) % is 4.28%, which is 59% below median its own 10-year median of 10.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Promax Power stock overvalued right now?
Based on GuruFocus' analysis, Promax Power (BOM:543375) is currently considered Possible Value Trap. The stock's GF Value™ is ₹28.83, compared to a current price of ₹11.10 — trading 61.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 4.28%, which is 59% below median its 10-year median of 10.55 and 77.9% below the Construction industry median of 19.37. Promax Power's overall GF Score™ is 57/100 with 7 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 Promax Power (BOM:543375), the current ROC (Joel Greenblatt) % is 4.28% 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 Promax Power (BOM:543375) Overvalued in 2026?

Based on GuruFocus' analysis, Promax Power stock appears to be undervalued. The current stock price of ₹11.10 is trading 61.5% below its estimated GF Value™ of ₹28.83. GuruFocus considers Promax Power to be Possible Value Trap.

Key valuation signals for BOM:543375:

  • ROC (Joel Greenblatt) %: 4.28% (59% below median its 10-year median of 10.55)
  • GF Value™: ₹28.83 vs. price of ₹11.10 (61.5% below fair value)
  • GF Score™: 57/100 with 7 warning signs
  • Industry Position: 77.9% below the Construction median (#1167 of 1787)

No single metric tells the full story. See the BOM:543375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Promax Power Business Description

Address Sector 82, Industrial Area, Plot No 148 A, JLPL, Mohali, PB, IND, 140306
Promax Power Ltd is an engineering company specializing in engineering, procurement, and construction services prominently for the power and infrastructure sectors. Its key activities include electrification projects, power substations, transmission lines, underground cabling, and solar power installations, alongside civil infrastructure and water management projects. The company operates in multiple regions across India, including Punjab and Delhi. Promax Power generates revenue mainly through executing engineering and construction contracts for power distribution, renewable energy projects, and infrastructure development. The company also undertakes high-rise and commercial building construction and pre-engineered building projects for industrial and institutional clients.
57GF Score

Get the complete analysis for BOM:543375

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹11.10
Price
₹28.83
GF Value