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Dredging of IndiaNSE:DREDGECORP -2.53%61 ROC (Joel Greenblatt) % is 21.72% as of Mar. 2026, which is 1430% above its 10-year median of 1.42. GuruFocus rates NSE:DREDGECORP with a GF Score™ of 61/100 and a GF Value™ of ₹870.78 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,786 Construction companies, Dredging of India ranks worse than 72.79% 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. Dredging of India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.72%.
The historical rank and industry rank for Dredging of India's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:DREDGECORP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.67 Med: 1.42 Max: 4.73
Current: 4.73
During the past 13 years, Dredging of India's highest ROC (Joel Greenblatt) % was 4.73%. The lowest was -10.67%. And the median was 1.42%.
NSE:DREDGECORP's ROC (Joel Greenblatt) % is ranked worse than 72.79% of 1786
companies
in the Construction industry
Industry Median: 19.47
vs NSE:DREDGECORP: 4.73
Dredging of India's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Dredging of India (NSE:DREDGECORP) 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.
Dredging of India ROC (Joel Greenblatt) % Related Terms
Dredging of India ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Dredging of India'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:DREDGECORP vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Dredging of 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.
Dredging of India ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Dredging of India's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dredging of India's ROC (Joel Greenblatt) % falls into.
Dredging of India 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 21.72% mean?
Dredging of India (NSE:DREDGECORP) has a ROC (Joel Greenblatt) % of 21.72% 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 Dredging of India and its competitors. This is 1430% above median its historical median of 1.42. According to the industry distribution chart, Dredging of India ranks #1300 out of 1786 companies in the Construction industry, placing it in the top 72.8%.
Is Dredging of India's ROC (Joel Greenblatt) % too high?
Dredging of India's current ROC (Joel Greenblatt) % of 21.72% is 1430% above median its 10-year median of 1.42. The Construction industry median ROC (Joel Greenblatt) % is 19.47. Dredging of India's value of 21.72% is 11.6% above this industry median. Based on the distribution chart, Dredging of India ranks #1300 out of 1786 companies in the Construction industry, which is below the industry midpoint. Overall, Dredging of India has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dredging of India's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Dredging of India ranks #1300 out of 1786 companies for ROC (Joel Greenblatt) %. This places Dredging of India in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.47. Dredging of India's value of 21.72% is 11.6% above this benchmark. While the company's 10-year median is 1.42 vs. the industry median of 19.47, Dredging of 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 a Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.47, based on 1,786 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. Dredging of India's current ROC (Joel Greenblatt) % of 21.72% is 11.6% 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 Dredging of India and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dredging of India's current ROC (Joel Greenblatt) % is 21.72%, which is 1430% above median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dredging of India stock overvalued right now?
Based on GuruFocus' analysis, Dredging of India (NSE:DREDGECORP) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹870.78, compared to a current price of ₹1,094.40 — trading 25.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 21.72%, which is 1430% above median its 10-year median of 1.42 and 11.6% above the Construction industry median of 19.47. Dredging of India's overall GF Score™ is 61/100 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 Dredging of India (NSE:DREDGECORP), the current ROC (Joel Greenblatt) % is 21.72% 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 Dredging of India (NSE:DREDGECORP) Overvalued in 2026?
Based on GuruFocus' analysis, Dredging of India stock appears to be overvalued.
The current stock price of ₹1,094.40 is trading 25.7% above its estimated GF Value™ of ₹870.78.
GuruFocus considers Dredging of India to be Modestly Overvalued.
Key valuation signals for NSE:DREDGECORP:
ROC (Joel Greenblatt) %: 21.72% (1430% above median its 10-year median of 1.42)
GF Value™: ₹870.78 vs. price of ₹1,094.40 (25.7% above fair value)
Industry Position: 11.6% above the Construction median (#1300 of 1786)
No single metric tells the full story. See the NSE:DREDGECORP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dredging Corp of India Ltd provides integrated dredging and related marine services for ports, maritime trade, beach nourishment, reclamation, and inland dredging majorly across India. The company operates a fleet of dredgers to deepen and maintain sea coasts, river sides, canals, and ports, supporting expanding port operations driven by government initiatives such as the Sagarmala Programme. It also pursues business opportunities in overseas markets including the Middle East, Southeast Asia, and South Asia. Revenue is generated through contracts with majority ports and maritime organizations, as well as emerging industrial and infrastructure projects requiring dredging services.
61GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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