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.
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.
Andhra PaperNSE:ANDHRAPAP -0.57%75 ROC (Joel Greenblatt) % is 4.09% as of Mar. 2026, which is 82% below its 10-year median of 22.80. GuruFocus rates NSE:ANDHRAPAP with a GF Score™ of 75/100 and a GF Value™ of ₹86.39 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 286 Forest Products companies, Andhra Paper ranks worse than 57.34% 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. Andhra Paper's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.09%.
The historical rank and industry rank for Andhra Paper's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:ANDHRAPAP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.29 Med: 22.8 Max: 100.47
Current: 3.14
During the past 13 years, Andhra Paper's highest ROC (Joel Greenblatt) % was 100.47%. The lowest was -0.29%. And the median was 22.80%.
NSE:ANDHRAPAP's ROC (Joel Greenblatt) % is ranked worse than 57.34% of 286
companies
in the Forest Products industry
Industry Median: 4.785
vs NSE:ANDHRAPAP: 3.14
Andhra Paper's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Andhra Paper (NSE:ANDHRAPAP) 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.
Andhra Paper ROC (Joel Greenblatt) % Related Terms
Andhra Paper ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Andhra Paper'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.
Andhra Paper ROC (Joel Greenblatt) % Competitor Comparison
For the Paper & Paper Products subindustry, Andhra Paper'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.
Andhra Paper ROC (Joel Greenblatt) % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Andhra Paper's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Andhra Paper'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 (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 4.09% mean?
Andhra Paper (NSE:ANDHRAPAP) has a ROC (Joel Greenblatt) % of 4.09% 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 Andhra Paper and its competitors. This is 82% below median its historical median of 22.80. According to the industry distribution chart, Andhra Paper ranks #164 out of 286 companies in the Forest Products industry, placing it in the top 57.3%.
Is Andhra Paper's ROC (Joel Greenblatt) % too high?
Andhra Paper's current ROC (Joel Greenblatt) % of 4.09% is 82% below median its 10-year median of 22.80. The Forest Products industry median ROC (Joel Greenblatt) % is 4.79. Andhra Paper's value of 4.09% is 14.5% below this industry median. Based on the distribution chart, Andhra Paper ranks #164 out of 286 companies in the Forest Products industry, which is below the industry midpoint. Overall, Andhra Paper has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Andhra Paper's ROC (Joel Greenblatt) % compare to competitors?
According to the Forest Products industry distribution chart, Andhra Paper ranks #164 out of 286 companies for ROC (Joel Greenblatt) %. This places Andhra Paper in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 4.79. Andhra Paper's value of 4.09% is 14.5% below this benchmark. While the company's 10-year median is 22.80 vs. the industry median of 4.79, Andhra Paper 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 Forest Products company?
The median ROC (Joel Greenblatt) % among Forest Products companies is 4.79, based on 286 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. Andhra Paper's current ROC (Joel Greenblatt) % of 4.09% is 14.5% 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 Andhra Paper and its competitors. For the Forest Products industry, the median ROC (Joel Greenblatt) % is 4.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Andhra Paper's current ROC (Joel Greenblatt) % is 4.09%, which is 82% below median its own 10-year median of 22.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Andhra Paper stock overvalued right now?
Based on GuruFocus' analysis, Andhra Paper (NSE:ANDHRAPAP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹86.39, compared to a current price of ₹61.41 — trading 28.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 4.09%, which is 82% below median its 10-year median of 22.80 and 14.5% below the Forest Products industry median of 4.79. Andhra Paper's overall GF Score™ is 75/100 with 5 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 Andhra Paper (NSE:ANDHRAPAP), the current ROC (Joel Greenblatt) % is 4.09% 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 Andhra Paper (NSE:ANDHRAPAP) Overvalued in 2026?
Based on GuruFocus' analysis, Andhra Paper stock appears to be undervalued.
The current stock price of ₹61.41 is trading 28.9% below its estimated GF Value™ of ₹86.39.
GuruFocus considers Andhra Paper to be Modestly Undervalued.
Key valuation signals for NSE:ANDHRAPAP:
ROC (Joel Greenblatt) %: 4.09% (82% below median its 10-year median of 22.80)
GF Value™: ₹86.39 vs. price of ₹61.41 (28.9% below fair value)
Industry Position: 14.5% below the Forest Products median (#164 of 286)
No single metric tells the full story. See the NSE:ANDHRAPAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Andhra Paper Ltd is an integrated paper and pulp manufacturer in India. The company is engaged in the business of manufacturing pulp, paper, and paperboard and produces writing, printing, copier, and industrial papers for Indian and international markets. In addition, the company also provides a range of office documentation and multipurpose papers, from economy to premium grades for both home and commercial use. The company generates maximum revenue from its business in India and the rest from the sale of its products outside India.
75GF Score
Get the complete analysis for NSE:ANDHRAPAP
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:ANDHRAPAP has been successfully added to your 
