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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. Gujarat State Fertilizers & Chemicals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.27%.
NSE:GSFC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.37 Med: 17.52 Max: 39.62
Current: 18.64
During the past 13 years, Gujarat State Fertilizers & Chemicals's highest ROC (Joel Greenblatt) % was 39.62%. The lowest was 5.37%. And the median was 17.52%.
NSE:GSFC's ROC (Joel Greenblatt) % is ranked better than 65.37% of 257
companies
in the Agriculture industry
Industry Median: 10.96
vs NSE:GSFC: 18.64
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.
Gujarat State Fertilizers & Chemicals ROC (Joel Greenblatt) % Chart
NSE:GSFC vs CTVA, CF, MOS: ROC (Joel Greenblatt) % Comparison
For the Agricultural Inputs subindustry, Gujarat State Fertilizers & Chemicals'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.
Gujarat State Fertilizers & Chemicals ROC (Joel Greenblatt) % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Gujarat State Fertilizers & Chemicals's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Gujarat State Fertilizers & Chemicals's ROC (Joel Greenblatt) % falls into.
Gujarat State Fertilizers & Chemicals 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 5.27% mean?
Gujarat State Fertilizers & Chemicals (NSE:GSFC) has a ROC (Joel Greenblatt) % of 5.27% 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 Gujarat State Fertilizers & Chemicals and its competitors. This is 70% below median its historical median of 17.52. Over the past decade, Gujarat State Fertilizers & Chemicals' ROC (Joel Greenblatt) % has ranged from 5.37 to 39.62. According to the industry distribution chart, Gujarat State Fertilizers & Chemicals ranks #89 out of 257 companies in the Agriculture industry, placing it in the top 34.6%.
Is Gujarat State Fertilizers & Chemicals' ROC (Joel Greenblatt) % too high?
Gujarat State Fertilizers & Chemicals' current ROC (Joel Greenblatt) % of 5.27% is 70% below median its 10-year median of 17.52. Over the past 10 years, this metric has ranged from a low of 5.37 to a high of 39.62. The Agriculture industry median ROC (Joel Greenblatt) % is 10.96. Gujarat State Fertilizers & Chemicals' value of 5.27% is 51.9% below this industry median. Based on the distribution chart, Gujarat State Fertilizers & Chemicals ranks #89 out of 257 companies in the Agriculture industry, which is above the industry midpoint. Overall, Gujarat State Fertilizers & Chemicals has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gujarat State Fertilizers & Chemicals' ROC (Joel Greenblatt) % compare to CTVA and CF?
According to the Agriculture industry distribution chart, Gujarat State Fertilizers & Chemicals ranks #89 out of 257 companies for ROC (Joel Greenblatt) %. This puts Gujarat State Fertilizers & Chemicals in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.96. Gujarat State Fertilizers & Chemicals' value of 5.27% is 51.9% below this benchmark. Historically, Gujarat State Fertilizers & Chemicals' own ROC (Joel Greenblatt) % has ranged from 5.37 to 39.62 over the past decade. While the company's 10-year median is 17.52 vs. the industry median of 10.96, Gujarat State Fertilizers & Chemicals 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 Agriculture company?
The median ROC (Joel Greenblatt) % among Agriculture companies is 10.96, based on 257 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. Gujarat State Fertilizers & Chemicals's current ROC (Joel Greenblatt) % of 5.27% is 51.9% 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 Gujarat State Fertilizers & Chemicals and its competitors. For the Agriculture industry, the median ROC (Joel Greenblatt) % is 10.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat State Fertilizers & Chemicals's current ROC (Joel Greenblatt) % is 5.27%, which is 70% below median its own 10-year median of 17.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat State Fertilizers & Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Gujarat State Fertilizers & Chemicals (NSE:GSFC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹225.36, compared to a current price of ₹160.90 — trading 28.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 5.27%, which is 70% below median its 10-year median of 17.52 and 51.9% below the Agriculture industry median of 10.96. Gujarat State Fertilizers & Chemicals' overall GF Score™ is 78/100 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 Gujarat State Fertilizers & Chemicals (NSE:GSFC), the current ROC (Joel Greenblatt) % is 5.27% 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 Gujarat State Fertilizers & Chemicals (NSE:GSFC) Overvalued in 2026?
Based on GuruFocus' analysis, Gujarat State Fertilizers & Chemicals stock appears to be undervalued.
The current stock price of ₹160.90 is trading 28.6% below its estimated GF Value™ of ₹225.36.
GuruFocus considers Gujarat State Fertilizers & Chemicals to be Modestly Undervalued.
Key valuation signals for NSE:GSFC:
ROC (Joel Greenblatt) %: 5.27% (70% below median its 10-year median of 17.52)
GF Value™: ₹225.36 vs. price of ₹160.90 (28.6% below fair value)
Industry Position: 51.9% below the Agriculture median (#89 of 257)
No single metric tells the full story. See the NSE:GSFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gujarat State Fertilizers & Chemicals Business Description
Gujarat State Fertilizers & Chemicals Ltd is a manufacturer of fertilizers and chemicals. It is structured into two operating business segments: Fertilizer Products and Industrial Products. The company operates mainly in the Indian market and there are no reportable geographical segments. It derives the majority of its revenue from the Fertilizer products segment. The products and services covered under its Fertilizer segment include Urea, Ammonium Sulphate, Di-ammonium Phosphate, Ammonium Phosphate Sulphate, and traded fertilizer products. The Industrial Products consist of Caprolactam, Nylon-6, Nylon Filament Yarn, Nylon Chips, Melamine, Methanol, and Polymer products.
78GF Score
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