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.
Bajaj Steel IndustriesNSE:BAJAJST 60 ROC (Joel Greenblatt) % is 2.53% as of Jun. 2026, which is 91% below its 10-year median of 27.37. GuruFocus rates NSE:BAJAJST with a GF Score™ of 60/100 and a GF Value™ of ₹466.53 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,068 Industrial Products companies, Bajaj Steel Industries ranks better than 50.81% 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. Bajaj Steel Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 2.53%.
The historical rank and industry rank for Bajaj Steel Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:BAJAJST'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.62 Med: 27.37 Max: 57.22
Current: 12.37
During the past 13 years, Bajaj Steel Industries's highest ROC (Joel Greenblatt) % was 57.22%. The lowest was -3.62%. And the median was 27.37%.
NSE:BAJAJST's ROC (Joel Greenblatt) % is ranked better than 50.81% of 3068
companies
in the Industrial Products industry
Industry Median: 12.06
vs NSE:BAJAJST: 12.37
Bajaj Steel Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -19.00% 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.
Bajaj Steel Industries ROC (Joel Greenblatt) % Related Terms
Bajaj Steel Industries ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Bajaj Steel 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:BAJAJST vs : ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Bajaj Steel 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.
Bajaj Steel Industries ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bajaj Steel Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bajaj Steel 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 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 2.53% mean?
Bajaj Steel Industries (NSE:BAJAJST) has a ROC (Joel Greenblatt) % of 2.53% 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 Bajaj Steel Industries and its competitors. This is 91% below median its historical median of 27.37. According to the industry distribution chart, Bajaj Steel Industries ranks #1509 out of 3068 companies in the Industrial Products industry, placing it in the top 49.2%.
Is Bajaj Steel Industries' ROC (Joel Greenblatt) % too high?
Bajaj Steel Industries' current ROC (Joel Greenblatt) % of 2.53% is 91% below median its 10-year median of 27.37. The Industrial Products industry median ROC (Joel Greenblatt) % is 12.06. Bajaj Steel Industries' value of 2.53% is 79% below this industry median. Based on the distribution chart, Bajaj Steel Industries ranks #1509 out of 3068 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Bajaj Steel Industries has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Steel Industries' ROC (Joel Greenblatt) % compare to ?
According to the Industrial Products industry distribution chart, Bajaj Steel Industries ranks #1509 out of 3068 companies for ROC (Joel Greenblatt) %. This puts Bajaj Steel Industries in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.06. Bajaj Steel Industries' value of 2.53% is 79% below this benchmark. While the company's 10-year median is 27.37 vs. the industry median of 12.06, Bajaj Steel 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 12.06, based on 3,068 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. Bajaj Steel Industries's current ROC (Joel Greenblatt) % of 2.53% is 79% 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 Bajaj Steel Industries and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 12.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajaj Steel Industries's current ROC (Joel Greenblatt) % is 2.53%, which is 91% below median its own 10-year median of 27.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Steel Industries stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Steel Industries (NSE:BAJAJST) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹466.53, compared to a current price of ₹355.95 — trading 23.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2.53%, which is 91% below median its 10-year median of 27.37 and 79% below the Industrial Products industry median of 12.06. Bajaj Steel Industries' overall GF Score™ is 60/100 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 Bajaj Steel Industries (NSE:BAJAJST), the current ROC (Joel Greenblatt) % is 2.53% 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 Bajaj Steel Industries (NSE:BAJAJST) Overvalued in 2026?
Based on GuruFocus' analysis, Bajaj Steel Industries stock appears to be undervalued.
The current stock price of ₹355.95 is trading 23.7% below its estimated GF Value™ of ₹466.53.
GuruFocus considers Bajaj Steel Industries to be Modestly Undervalued.
Key valuation signals for NSE:BAJAJST:
ROC (Joel Greenblatt) %: 2.53% (91% below median its 10-year median of 27.37)
GF Value™: ₹466.53 vs. price of ₹355.95 (23.7% below fair value)
Industry Position: 79% below the Industrial Products median (#1509 of 3068)
No single metric tells the full story. See the NSE:BAJAJST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bajaj Steel Industries Ltd is engaged in various segments such as Cotton Processing Machinery Division, Infrastructure Division, Heavy Engineering Division, Electrical Panel Division, Heavy Engineering Division ,Other Products. The company generates maximum revenue from the Cotton Processing Machinery segment. It manufactures products such as Cotton Ginning and Pressing Machinery, Cotton Cleaning, Cotton Conveying, Cotton Humidification Systems, Cotton Baling Presses, Cotton Seed Processing, Pre-engineered Buildings, Electrical Control Panels, Fire Fighting Systems, Hydraulic Cylinder, Power packs, Specialty Conveyors and Master Batches and others.
60GF Score
Get the complete analysis for NSE:BAJAJST
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:BAJAJST has been successfully added to your 
