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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. Diamond Power Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.90%.
The historical rank and industry rank for Diamond Power Infrastructure's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:DIACABS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.23 Med: -1.5 Max: 14.49
Current: 11.96
During the past 13 years, Diamond Power Infrastructure's highest ROC (Joel Greenblatt) % was 14.49%. The lowest was -25.23%. And the median was -1.50%.
NSE:DIACABS's ROC (Joel Greenblatt) % is ranked better than 50.59% of 3062
companies
in the Industrial Products industry
Industry Median: 11.595
vs NSE:DIACABS: 11.96
Diamond Power Infrastructure (NSE:DIACABS) 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.
* 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.
Diamond Power Infrastructure ROC (Joel Greenblatt) % Chart
NSE:DIACABS vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Diamond Power Infrastructure'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.
Diamond Power Infrastructure ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Diamond Power Infrastructure's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Diamond Power Infrastructure's ROC (Joel Greenblatt) % falls into.
Diamond Power Infrastructure 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 (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 16.90% mean?
Diamond Power Infrastructure (NSE:DIACABS) has a ROC (Joel Greenblatt) % of 16.90% 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 Diamond Power Infrastructure and its competitors. According to the industry distribution chart, Diamond Power Infrastructure ranks #1513 out of 3062 companies in the Industrial Products industry, placing it in the top 49.4%.
Is Diamond Power Infrastructure's ROC (Joel Greenblatt) % too high?
Diamond Power Infrastructure's current ROC (Joel Greenblatt) % is 16.90%. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.60. Diamond Power Infrastructure's value of 16.90% is 45.8% above this industry median. Based on the distribution chart, Diamond Power Infrastructure ranks #1513 out of 3062 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Diamond Power Infrastructure has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Diamond Power Infrastructure's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Diamond Power Infrastructure ranks #1513 out of 3062 companies for ROC (Joel Greenblatt) %. This puts Diamond Power Infrastructure in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.60. Diamond Power Infrastructure's value of 16.90% is 45.8% above this benchmark. 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 11.60, based on 3,062 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. Diamond Power Infrastructure's current ROC (Joel Greenblatt) % of 16.90% is 45.8% 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 Diamond Power Infrastructure and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diamond Power Infrastructure's current ROC (Joel Greenblatt) % is 16.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diamond Power Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Diamond Power Infrastructure (NSE:DIACABS) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹269.96, compared to a current price of ₹348.80 — trading 29.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.90% and 45.8% above the Industrial Products industry median of 11.60. Diamond Power Infrastructure's overall GF Score™ is 48/100 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 Diamond Power Infrastructure (NSE:DIACABS), the current ROC (Joel Greenblatt) % is 16.90% 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 Diamond Power Infrastructure (NSE:DIACABS) Overvalued in 2026?
Based on GuruFocus' analysis, Diamond Power Infrastructure stock appears to be overvalued.
The current stock price of ₹348.80 is trading 29.2% above its estimated GF Value™ of ₹269.96.
GuruFocus considers Diamond Power Infrastructure to be Modestly Overvalued.
Key valuation signals for NSE:DIACABS:
ROC (Joel Greenblatt) %: 16.90%
GF Value™: ₹269.96 vs. price of ₹348.80 (29.2% above fair value)
Industry Position: 45.8% above the Industrial Products median (#1513 of 3062)
No single metric tells the full story. See the NSE:DIACABS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Diamond Power Infrastructure Ltd is a manufacturer of power transmission equipment and a turnkey service, provider. The firm produces flexible wires and cables of various voltage grades, conductors, transformers, transmission towers, control, and relay panels, isolators, and engineering, procurement, and construction. The conductors include aluminum conductors, all aluminum alloy conductors, aluminum conductor steel reinforced, aluminum conductor alloy reinforced, and high conductivity alloy conductors. The existing capacities of the firm are in aluminum and alloy rods, alloy, and aluminum conductor steel-reinforced conductors, high tension cable and specialty cables, and power transformers.
48GF Score
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