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.
Classic Electrodes (India)NSE:CLASSICEIL +4.96%15 ROC (Joel Greenblatt) % is 20.89% as of Mar. 2026, which is 1% below its 10-year median of 21.10. GuruFocus rates NSE:CLASSICEIL with a GF Score™ of 15/100. Among 3,061 Industrial Products companies, Classic Electrodes (India) ranks better than 68.96% 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. Classic Electrodes (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.89%.
The historical rank and industry rank for Classic Electrodes (India)'s ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:CLASSICEIL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.4 Med: 21.1 Max: 29.49
Current: 21.69
During the past 5 years, Classic Electrodes (India)'s highest ROC (Joel Greenblatt) % was 29.49%. The lowest was 8.40%. And the median was 21.10%.
NSE:CLASSICEIL's ROC (Joel Greenblatt) % is ranked better than 68.96% of 3061
companies
in the Industrial Products industry
Industry Median: 11.69
vs NSE:CLASSICEIL: 21.69
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.
* 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:CLASSICEIL vs VRT, BE: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, Classic Electrodes (India)'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.
Classic Electrodes (India) ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Classic Electrodes (India)'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Classic Electrodes (India)'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 20.89% mean?
Classic Electrodes (India) (NSE:CLASSICEIL) has a ROC (Joel Greenblatt) % of 20.89% 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 Classic Electrodes (India) and its competitors. This is near median its historical median of 21.10. Over the past decade, Classic Electrodes (India)'s ROC (Joel Greenblatt) % has ranged from 8.40 to 29.49. According to the industry distribution chart, Classic Electrodes (India) ranks #950 out of 3061 companies in the Industrial Products industry, placing it in the top 31%.
Is Classic Electrodes (India)'s ROC (Joel Greenblatt) % too high?
Classic Electrodes (India)'s current ROC (Joel Greenblatt) % of 20.89% is near median its 10-year median of 21.10. Over the past 10 years, this metric has ranged from a low of 8.40 to a high of 29.49. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.69. Classic Electrodes (India)'s value of 20.89% is 78.7% above this industry median. Based on the distribution chart, Classic Electrodes (India) ranks #950 out of 3061 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Classic Electrodes (India) has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Classic Electrodes (India)'s ROC (Joel Greenblatt) % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Classic Electrodes (India) ranks #950 out of 3061 companies for ROC (Joel Greenblatt) %. This puts Classic Electrodes (India) in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.69. Classic Electrodes (India)'s value of 20.89% is 78.7% above this benchmark. Historically, Classic Electrodes (India)'s own ROC (Joel Greenblatt) % has ranged from 8.40 to 29.49 over the past decade. While the company's 10-year median is 21.10 vs. the industry median of 11.69, Classic Electrodes (India) 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 11.69, based on 3,061 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. Classic Electrodes (India)'s current ROC (Joel Greenblatt) % of 20.89% is 78.7% 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 Classic Electrodes (India) and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Classic Electrodes (India)'s current ROC (Joel Greenblatt) % is 20.89%, which is near median its own 10-year median of 21.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Classic Electrodes (India) stock overvalued right now?
Classic Electrodes (India) (NSE:CLASSICEIL) has a current ROC (Joel Greenblatt) % of 20.89%. The current ROC (Joel Greenblatt) % is 20.89%, which is near median its 10-year median of 21.10 and 78.7% above the Industrial Products industry median of 11.69. Classic Electrodes (India)'s overall GF Score™ is 15/100. 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 Classic Electrodes (India) (NSE:CLASSICEIL), the current ROC (Joel Greenblatt) % is 20.89% 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.
Classic Electrodes (India) Ltd is engaged in the business of manufacturing welding electrodes and providing engineering solutions to customers both in domestic and international market. It provides a wide range of product offerings including General Purpose Electrodes, Low Alloy Electrodes, Low Hydrogen Electrodes, Stainless Steel Electrodes, Hard Facing Electrodes, Cast Iron Electrodes, Non-Ferrous Electrodes, Low Heat Input Electrodes, Cutting and Gauging Electrodes, Mig Wires etc. It is focused on alloy and process development, quality and design, which has allowed the company to develop products suited to its customers' requirements. It has expertise to design, develop and manufacture complex and specialized industrial equipment and components for OEM's and end user industries.
15GF Score
Get the complete analysis for NSE:CLASSICEIL
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:CLASSICEIL has been successfully added to your 
