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Indus GasLSE:INDI -32.00% ROC (Joel Greenblatt) % is 0.48% as of Sep. 2025, which is 91% below its 10-year median of 5.08. The stock has 6 warning signs investors should review.
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. Indus Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 0.48%.
The historical rank and industry rank for Indus Gas's ROC (Joel Greenblatt) % or its related term are showing as below:
LSE:INDI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.56 Med: 5.08 Max: 7.01
Current: 2.91
During the past 13 years, Indus Gas's highest ROC (Joel Greenblatt) % was 7.01%. The lowest was 2.56%. And the median was 5.08%.
LSE:INDI's ROC (Joel Greenblatt) % is not ranked
in the Oil & Gas industry.
Industry Median: 8.56
vs LSE:INDI: 2.91
Indus Gas's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.60% per year.
Indus Gas (LSE:INDI) 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.
The historical data trend for Indus Gas'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.
LSE:INDI vs COP, EOG, FANG: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, Indus Gas'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.
Indus Gas ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Indus Gas's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Indus Gas'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 (Sep. 2025) 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 0.48% mean?
Indus Gas (LSE:INDI) has a ROC (Joel Greenblatt) % of 0.48% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Indus Gas and its competitors. This is 91% below median its historical median of 5.08. Over the past decade, Indus Gas' ROC (Joel Greenblatt) % has ranged from 2.56 to 7.01.
Is Indus Gas' ROC (Joel Greenblatt) % too high?
Indus Gas' current ROC (Joel Greenblatt) % of 0.48% is 91% below median its 10-year median of 5.08. Over the past 10 years, this metric has ranged from a low of 2.56 to a high of 7.01. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.56. Indus Gas' value of 0.48% is 94.4% below this industry median.
How does Indus Gas' ROC (Joel Greenblatt) % compare to COP and EOG?
Indus Gas' ROC (Joel Greenblatt) % of 0.48% can be compared against companies in the Oil & Gas industry. The industry median ROC (Joel Greenblatt) % is 8.56. Indus Gas' value of 0.48% is 94.4% below this benchmark. Historically, Indus Gas' own ROC (Joel Greenblatt) % has ranged from 2.56 to 7.01 over the past decade. While the company's 10-year median is 5.08 vs. the industry median of 8.56, Indus Gas 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 an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.56, based on 998 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. Indus Gas's current ROC (Joel Greenblatt) % of 0.48% is 94.4% 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 Indus Gas and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Gas's current ROC (Joel Greenblatt) % is 0.48%, which is 91% below median its own 10-year median of 5.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indus Gas stock overvalued right now?
Indus Gas (LSE:INDI) has a current ROC (Joel Greenblatt) % of 0.48%. The stock's GF Value™ is £0.14, compared to a current price of £0.01 — trading 90.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 0.48%, which is 91% below median its 10-year median of 5.08 and 94.4% below the Oil & Gas industry median of 8.56. 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 Indus Gas (LSE:INDI), the current ROC (Joel Greenblatt) % is 0.48% as of Sep. 2025. 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.
Indus Gas Ltd is an oil and gas exploration and development company. It predominantly operates in India, focusing on exploration, development, production, distribution, and marketing of hydrocarbons, including natural gas. The company holds a participating interest in Block RJ-ON/6, an onshore petroleum concession in Rajasthan, India, covering a large area in the Indus Basin. Its operations involve partnerships with entities like Oil and Natural Gas Corporation Ltd. (ONGC) and Focus Energy Ltd., with ONGC having back-in rights for participating interests in discovered fields. Indus Gas sells natural gas prominently to GAIL (India) Ltd and continues to evaluate other opportunities in the oil and gas sector.
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