AVSL IndustriesNSE:AVSL 70 ROC (Joel Greenblatt) % is 9.37% as of Mar. 2026, which is 38% below its 10-year median of 15.02. GuruFocus rates NSE:AVSL with a GF Score™ of 70/100 and a GF Value™ of ₹165.60 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 562 Conglomerates companies, AVSL Industries ranks worse than 62.81% 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. AVSL Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.37%.
The historical rank and industry rank for AVSL Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:AVSL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.3 Med: 15.02 Max: 22.14
Current: 9.15
During the past 13 years, AVSL Industries's highest ROC (Joel Greenblatt) % was 22.14%. The lowest was 4.30%. And the median was 15.02%.
NSE:AVSL's ROC (Joel Greenblatt) % is ranked worse than 62.81% of 562
companies
in the Conglomerates industry
Industry Median: 14.73
vs NSE:AVSL: 9.15
AVSL Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -14.70% 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.
AVSL Industries ROC (Joel Greenblatt) % Related Terms
AVSL Industries ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for AVSL 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:AVSL vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, AVSL 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.
AVSL Industries ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, AVSL Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where AVSL Industries'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 9.37% mean?
AVSL Industries (NSE:AVSL) has a ROC (Joel Greenblatt) % of 9.37% 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 AVSL Industries and its competitors. This is 38% below median its historical median of 15.02. Over the past decade, AVSL Industries' ROC (Joel Greenblatt) % has ranged from 4.30 to 22.14. According to the industry distribution chart, AVSL Industries ranks #353 out of 562 companies in the Conglomerates industry, placing it in the top 62.8%.
Is AVSL Industries' ROC (Joel Greenblatt) % too high?
AVSL Industries' current ROC (Joel Greenblatt) % of 9.37% is 38% below median its 10-year median of 15.02. Over the past 10 years, this metric has ranged from a low of 4.30 to a high of 22.14. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.73. AVSL Industries' value of 9.37% is 36.4% below this industry median. Based on the distribution chart, AVSL Industries ranks #353 out of 562 companies in the Conglomerates industry, which is below the industry midpoint. Overall, AVSL Industries has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AVSL Industries' ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, AVSL Industries ranks #353 out of 562 companies for ROC (Joel Greenblatt) %. This places AVSL Industries in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 14.73. AVSL Industries' value of 9.37% is 36.4% below this benchmark. Historically, AVSL Industries' own ROC (Joel Greenblatt) % has ranged from 4.30 to 22.14 over the past decade. While the company's 10-year median is 15.02 vs. the industry median of 14.73, AVSL Industries 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.73, based on 562 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. AVSL Industries's current ROC (Joel Greenblatt) % of 9.37% is 36.4% 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 AVSL Industries and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AVSL Industries's current ROC (Joel Greenblatt) % is 9.37%, which is 38% below median its own 10-year median of 15.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AVSL Industries stock overvalued right now?
Based on GuruFocus' analysis, AVSL Industries (NSE:AVSL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹165.60, compared to a current price of ₹119.70 — trading 27.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 9.37%, which is 38% below median its 10-year median of 15.02 and 36.4% below the Conglomerates industry median of 14.73. AVSL Industries' overall GF Score™ is 70/100 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 AVSL Industries (NSE:AVSL), the current ROC (Joel Greenblatt) % is 9.37% 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 AVSL Industries (NSE:AVSL) Overvalued in 2026?
Based on GuruFocus' analysis, AVSL Industries stock appears to be undervalued.
The current stock price of ₹119.70 is trading 27.7% below its estimated GF Value™ of ₹165.60.
GuruFocus considers AVSL Industries to be Modestly Undervalued.
Key valuation signals for NSE:AVSL:
ROC (Joel Greenblatt) %: 9.37% (38% below median its 10-year median of 15.02)
GF Value™: ₹165.60 vs. price of ₹119.70 (27.7% below fair value)
Industry Position: 36.4% below the Conglomerates median (#353 of 562)
No single metric tells the full story. See the NSE:AVSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AVSL Industries Ltd is engaged in the manufacturing and trading of PVC and Agriproducts. Its PVC products include PVC Compound, HDPE/LDPE Compound, PVC Filler, and HDPE/LDPE Tape, Polyester Tape and similar product, Aluminium Mylar tape, Marking tapes (used in cable wires as well as irrigation pipes) and others. The Company segment divided into three categories: Industrial Intermediate Goods - Raw Material for HT-LT Power Cable and Telecom Cables and irrigation products; Consumer Goods- Manufacturing of PVC/PP: Foam Board and Doors Frame and Others includes Agro commodities.
70GF Score
Get the complete analysis for NSE:AVSL
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:AVSL has been successfully added to your 
