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Apar IndustriesNSE:APARINDS +3.13%84 ROC (Joel Greenblatt) % is 56.63% as of Jun. 2026, which is 60% above its 10-year median of 35.40. GuruFocus rates NSE:APARINDS with a GF Score™ of 84/100 and a GF Value™ of ₹10,918.67 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 3,065 Industrial Products companies, Apar Industries ranks better than 86.92% 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. Apar Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 56.63%.
The historical rank and industry rank for Apar Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:APARINDS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 21.03 Med: 35.4 Max: 58.86
Current: 44.19
During the past 13 years, Apar Industries's highest ROC (Joel Greenblatt) % was 58.86%. The lowest was 21.03%. And the median was 35.40%.
NSE:APARINDS's ROC (Joel Greenblatt) % is ranked better than 86.92% of 3065
companies
in the Industrial Products industry
Industry Median: 11.8
vs NSE:APARINDS: 44.19
Apar Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 12.10% per year.
Apar Industries (NSE:APARINDS) 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.
Apar Industries ROC (Joel Greenblatt) % Related Terms
Apar Industries ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Apar Industries'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.
NSE:APARINDS vs VRT, BE: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, Apar Industries'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.
Apar Industries ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Apar Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Apar Industries's ROC (Joel Greenblatt) % falls into.
Apar Industries 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:
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 56.63% mean?
Apar Industries (NSE:APARINDS) has a ROC (Joel Greenblatt) % of 56.63% 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 Apar Industries and its competitors. This is 60% above median its historical median of 35.40. Over the past decade, Apar Industries' ROC (Joel Greenblatt) % has ranged from 21.03 to 58.86. According to the industry distribution chart, Apar Industries ranks #401 out of 3065 companies in the Industrial Products industry, placing it in the top 13.1%.
Is Apar Industries' ROC (Joel Greenblatt) % too high?
Apar Industries' current ROC (Joel Greenblatt) % of 56.63% is 60% above median its 10-year median of 35.40. Over the past 10 years, this metric has ranged from a low of 21.03 to a high of 58.86. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.80. Apar Industries' value of 56.63% is 379.9% above this industry median. Based on the distribution chart, Apar Industries ranks #401 out of 3065 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Apar Industries has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apar Industries' ROC (Joel Greenblatt) % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Apar Industries ranks #401 out of 3065 companies for ROC (Joel Greenblatt) %. This places Apar Industries in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.80. Apar Industries' value of 56.63% is 379.9% above this benchmark. Historically, Apar Industries' own ROC (Joel Greenblatt) % has ranged from 21.03 to 58.86 over the past decade. While the company's 10-year median is 35.40 vs. the industry median of 11.80, Apar Industries 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.80, based on 3,065 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. Apar Industries's current ROC (Joel Greenblatt) % of 56.63% is 379.9% 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 Apar Industries and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apar Industries's current ROC (Joel Greenblatt) % is 56.63%, which is 60% above median its own 10-year median of 35.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apar Industries stock overvalued right now?
Based on GuruFocus' analysis, Apar Industries (NSE:APARINDS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹10,918.67, compared to a current price of ₹16,631.00 — trading 52.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 56.63%, which is 60% above median its 10-year median of 35.40 and 379.9% above the Industrial Products industry median of 11.80. Apar Industries' overall GF Score™ is 84/100 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 Apar Industries (NSE:APARINDS), the current ROC (Joel Greenblatt) % is 56.63% 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 Apar Industries (NSE:APARINDS) Overvalued in 2026?
Based on GuruFocus' analysis, Apar Industries stock appears to be overvalued.
The current stock price of ₹16,631.00 is trading 52.3% above its estimated GF Value™ of ₹10,918.67.
GuruFocus considers Apar Industries to be Significantly Overvalued.
Key valuation signals for NSE:APARINDS:
ROC (Joel Greenblatt) %: 56.63% (60% above median its 10-year median of 35.40)
GF Value™: ₹10,918.67 vs. price of ₹16,631.00 (52.3% above fair value)
Industry Position: 379.9% above the Industrial Products median (#401 of 3065)
No single metric tells the full story. See the NSE:APARINDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apar Industries Ltd is engaged in the business of manufacture and sale of conductors. The company's reportable segments include Conductor, Transformer & Specialities Oils and Power/Telecom Cables. It generates maximum revenue from the Conductor segment. Geographically, it derives a majority of its revenue from India. Its product categories include Transformer Oils, White Oils, Petroleum Jelly, Process Oils, Electrical cables, Elastomer and E-beam cables, Light duty cables and wires, Fibre optic cables, Automotive engine oils, Automotive gear oil, Transmission fluid, PICC conductors, Railway overhead conductors, Specialty wires.
84GF Score
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