Elecon Engineering CoNSE:ELECON -0.35%95 ROC (Joel Greenblatt) % is 13.74% as of Mar. 2026, which is 33% below its 10-year median of 20.41. GuruFocus rates NSE:ELECON with a GF Score™ of 95/100 and a GF Value™ of ₹647.48 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,057 Industrial Products companies, Elecon Engineering Co ranks better than 84% 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. Elecon Engineering Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.74%.
The historical rank and industry rank for Elecon Engineering Co's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:ELECON'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.07 Med: 20.41 Max: 50.17
Current: 36.94
During the past 13 years, Elecon Engineering Co's highest ROC (Joel Greenblatt) % was 50.17%. The lowest was 6.07%. And the median was 20.41%.
NSE:ELECON's ROC (Joel Greenblatt) % is ranked better than 84% of 3057
companies
in the Industrial Products industry
Industry Median: 11.71
vs NSE:ELECON: 36.94
Elecon Engineering Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 21.00% per year.
Elecon Engineering Co (NSE:ELECON) 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.
Elecon Engineering Co ROC (Joel Greenblatt) % Related Terms
Elecon Engineering Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Elecon Engineering Co'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.
Elecon Engineering Co ROC (Joel Greenblatt) % Chart
NSE:ELECON vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Elecon Engineering Co'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.
Elecon Engineering Co ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Elecon Engineering Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Elecon Engineering Co's ROC (Joel Greenblatt) % falls into.
Elecon Engineering Co 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 13.74% mean?
Elecon Engineering Co (NSE:ELECON) has a ROC (Joel Greenblatt) % of 13.74% 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 Elecon Engineering Co and its competitors. This is 33% below median its historical median of 20.41. Over the past decade, Elecon Engineering Co's ROC (Joel Greenblatt) % has ranged from 6.07 to 50.17. According to the industry distribution chart, Elecon Engineering Co ranks #489 out of 3057 companies in the Industrial Products industry, placing it in the top 16%.
Is Elecon Engineering Co's ROC (Joel Greenblatt) % too high?
Elecon Engineering Co's current ROC (Joel Greenblatt) % of 13.74% is 33% below median its 10-year median of 20.41. Over the past 10 years, this metric has ranged from a low of 6.07 to a high of 50.17. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.71. Elecon Engineering Co's value of 13.74% is 17.3% above this industry median. Based on the distribution chart, Elecon Engineering Co ranks #489 out of 3057 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Elecon Engineering Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elecon Engineering Co's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Elecon Engineering Co ranks #489 out of 3057 companies for ROC (Joel Greenblatt) %. This places Elecon Engineering Co in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.71. Elecon Engineering Co's value of 13.74% is 17.3% above this benchmark. Historically, Elecon Engineering Co's own ROC (Joel Greenblatt) % has ranged from 6.07 to 50.17 over the past decade. While the company's 10-year median is 20.41 vs. the industry median of 11.71, Elecon Engineering Co 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 11.71, based on 3,057 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. Elecon Engineering Co's current ROC (Joel Greenblatt) % of 13.74% is 17.3% 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 Elecon Engineering Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elecon Engineering Co's current ROC (Joel Greenblatt) % is 13.74%, which is 33% below median its own 10-year median of 20.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elecon Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Elecon Engineering Co (NSE:ELECON) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹647.48, compared to a current price of ₹510.55 — trading 21.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.74%, which is 33% below median its 10-year median of 20.41 and 17.3% above the Industrial Products industry median of 11.71. Elecon Engineering Co's overall GF Score™ is 95/100 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 Elecon Engineering Co (NSE:ELECON), the current ROC (Joel Greenblatt) % is 13.74% 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 Elecon Engineering Co (NSE:ELECON) Overvalued in 2026?
Based on GuruFocus' analysis, Elecon Engineering Co stock appears to be undervalued.
The current stock price of ₹510.55 is trading 21.1% below its estimated GF Value™ of ₹647.48.
GuruFocus considers Elecon Engineering Co to be Modestly Undervalued.
Key valuation signals for NSE:ELECON:
ROC (Joel Greenblatt) %: 13.74% (33% below median its 10-year median of 20.41)
GF Value™: ₹647.48 vs. price of ₹510.55 (21.1% below fair value)
Industry Position: 17.3% above the Industrial Products median (#489 of 3057)
No single metric tells the full story. See the NSE:ELECON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elecon Engineering Co Ltd is an India-based company engaged in the manufacturing of material handling equipment and industrial gears. It operates through two segments, namely, the Material Handling Equipment segment, which engages in the manufacturing of raw material handling systems, stackers, reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers, feeders, and port equipment; and Transmission Equipment segment, which manufactures material transmission equipment like gearboxes, couplings, and elevator traction machines. It generates maximum revenue from transmission equipment sales. The group has a business presence in India and Outside India.
95GF Score
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