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Hindware Home InnovationNSE:HINDWAREAP -1.21%74 ROC (Joel Greenblatt) % is 7.49% as of Mar. 2026, which is 47% below its 10-year median of 14.12. GuruFocus rates NSE:HINDWAREAP with a GF Score™ of 74/100 and a GF Value™ of ₹305.67 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 433 Furnishings, Fixtures & Appliances companies, Hindware Home Innovation ranks worse than 64.9% 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. Hindware Home Innovation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.49%.
The historical rank and industry rank for Hindware Home Innovation's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:HINDWAREAP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.99 Med: 14.12 Max: 39.5
Current: 3.9
During the past 9 years, Hindware Home Innovation's highest ROC (Joel Greenblatt) % was 39.50%. The lowest was 1.99%. And the median was 14.12%.
NSE:HINDWAREAP's ROC (Joel Greenblatt) % is ranked worse than 64.9% of 433
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 9.37
vs NSE:HINDWAREAP: 3.90
Hindware Home Innovation's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -39.50% per year.
Hindware Home Innovation (NSE:HINDWAREAP) 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.
Hindware Home Innovation ROC (Joel Greenblatt) % Related Terms
Hindware Home Innovation ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Hindware Home Innovation'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.
Hindware Home Innovation ROC (Joel Greenblatt) % Chart
NSE:HINDWAREAP vs SN, SGI, MHK: ROC (Joel Greenblatt) % Comparison
For the Furnishings, Fixtures & Appliances subindustry, Hindware Home Innovation'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.
Hindware Home Innovation ROC (Joel Greenblatt) % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hindware Home Innovation's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hindware Home Innovation's ROC (Joel Greenblatt) % falls into.
Hindware Home Innovation 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 7.49% mean?
Hindware Home Innovation (NSE:HINDWAREAP) has a ROC (Joel Greenblatt) % of 7.49% 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 Hindware Home Innovation and its competitors. This is 47% below median its historical median of 14.12. Over the past decade, Hindware Home Innovation's ROC (Joel Greenblatt) % has ranged from 1.99 to 39.50. According to the industry distribution chart, Hindware Home Innovation ranks #281 out of 433 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 64.9%.
Is Hindware Home Innovation's ROC (Joel Greenblatt) % too high?
Hindware Home Innovation's current ROC (Joel Greenblatt) % of 7.49% is 47% below median its 10-year median of 14.12. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 39.50. The Furnishings, Fixtures & Appliances industry median ROC (Joel Greenblatt) % is 9.37. Hindware Home Innovation's value of 7.49% is 20.1% below this industry median. Based on the distribution chart, Hindware Home Innovation ranks #281 out of 433 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Hindware Home Innovation has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hindware Home Innovation's ROC (Joel Greenblatt) % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Hindware Home Innovation ranks #281 out of 433 companies for ROC (Joel Greenblatt) %. This places Hindware Home Innovation in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.37. Hindware Home Innovation's value of 7.49% is 20.1% below this benchmark. Historically, Hindware Home Innovation's own ROC (Joel Greenblatt) % has ranged from 1.99 to 39.50 over the past decade. While the company's 10-year median is 14.12 vs. the industry median of 9.37, Hindware Home Innovation 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 a Furnishings, Fixtures & Appliances company?
The median ROC (Joel Greenblatt) % among Furnishings, Fixtures & Appliances companies is 9.37, based on 433 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. Hindware Home Innovation's current ROC (Joel Greenblatt) % of 7.49% is 20.1% 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 Hindware Home Innovation and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROC (Joel Greenblatt) % is 9.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindware Home Innovation's current ROC (Joel Greenblatt) % is 7.49%, which is 47% below median its own 10-year median of 14.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindware Home Innovation stock overvalued right now?
Based on GuruFocus' analysis, Hindware Home Innovation (NSE:HINDWAREAP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹305.67, compared to a current price of ₹219.54 — trading 28.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.49%, which is 47% below median its 10-year median of 14.12 and 20.1% below the Furnishings, Fixtures & Appliances industry median of 9.37. Hindware Home Innovation's overall GF Score™ is 74/100 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 Hindware Home Innovation (NSE:HINDWAREAP), the current ROC (Joel Greenblatt) % is 7.49% 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 Hindware Home Innovation (NSE:HINDWAREAP) Overvalued in 2026?
Based on GuruFocus' analysis, Hindware Home Innovation stock appears to be undervalued.
The current stock price of ₹219.54 is trading 28.2% below its estimated GF Value™ of ₹305.67.
GuruFocus considers Hindware Home Innovation to be Modestly Undervalued.
Key valuation signals for NSE:HINDWAREAP:
ROC (Joel Greenblatt) %: 7.49% (47% below median its 10-year median of 14.12)
GF Value™: ₹305.67 vs. price of ₹219.54 (28.2% below fair value)
Industry Position: 20.1% below the Furnishings, Fixtures & Appliances median (#281 of 433)
No single metric tells the full story. See the NSE:HINDWAREAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hindware Home Innovation Ltd is involved in manufacturing, selling, and trading building products, glass products, consumer products, plastic products, and retail businesses. Its product range includes Kitchen Ensemble, water heaters, air coolers, water purifiers, air purifiers, and window vents, among others. Some of its brands are Hindware, Moonbow, and Evok. The company operates through segments such as Building Products and Consumer Appliances. It functions in India and derives the majority of its revenue from the Building Products segment.
74GF Score
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