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Honda India Power ProductsNSE:HONDAPOWER -0.22%74 ROC (Joel Greenblatt) % is 20.82% as of Jun. 2026, which is 59% below its 10-year median of 50.35. GuruFocus rates NSE:HONDAPOWER with a GF Score™ of 74/100 and a GF Value™ of ₹2,470.82 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,062 Industrial Products companies, Honda India Power Products ranks better than 85.08% 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. Honda India Power Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 20.82%.
The historical rank and industry rank for Honda India Power Products's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:HONDAPOWER'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 27.19 Med: 50.35 Max: 79.27
Current: 39.29
During the past 13 years, Honda India Power Products's highest ROC (Joel Greenblatt) % was 79.27%. The lowest was 27.19%. And the median was 50.35%.
NSE:HONDAPOWER's ROC (Joel Greenblatt) % is ranked better than 85.08% of 3062
companies
in the Industrial Products industry
Industry Median: 11.595
vs NSE:HONDAPOWER: 39.29
Honda India Power Products (NSE:HONDAPOWER) 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.
Honda India Power Products ROC (Joel Greenblatt) % Chart
NSE:HONDAPOWER vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Honda India Power Products'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.
Honda India Power Products ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Honda India Power Products's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Honda India Power Products's ROC (Joel Greenblatt) % falls into.
Honda India Power Products 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 (Jun. 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 20.82% mean?
Honda India Power Products (NSE:HONDAPOWER) has a ROC (Joel Greenblatt) % of 20.82% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Honda India Power Products and its competitors. This is 59% below median its historical median of 50.35. Over the past decade, Honda India Power Products' ROC (Joel Greenblatt) % has ranged from 27.19 to 79.27. According to the industry distribution chart, Honda India Power Products ranks #457 out of 3062 companies in the Industrial Products industry, placing it in the top 14.9%.
Is Honda India Power Products' ROC (Joel Greenblatt) % too high?
Honda India Power Products' current ROC (Joel Greenblatt) % of 20.82% is 59% below median its 10-year median of 50.35. Over the past 10 years, this metric has ranged from a low of 27.19 to a high of 79.27. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.60. Honda India Power Products' value of 20.82% is 79.6% above this industry median. Based on the distribution chart, Honda India Power Products ranks #457 out of 3062 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Honda India Power Products has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Honda India Power Products' ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Honda India Power Products ranks #457 out of 3062 companies for ROC (Joel Greenblatt) %. This places Honda India Power Products in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.60. Honda India Power Products' value of 20.82% is 79.6% above this benchmark. Historically, Honda India Power Products' own ROC (Joel Greenblatt) % has ranged from 27.19 to 79.27 over the past decade. While the company's 10-year median is 50.35 vs. the industry median of 11.60, Honda India Power Products 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 11.60, 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. Honda India Power Products's current ROC (Joel Greenblatt) % of 20.82% is 79.6% 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 Honda India Power Products 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. Honda India Power Products's current ROC (Joel Greenblatt) % is 20.82%, which is 59% below median its own 10-year median of 50.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honda India Power Products stock overvalued right now?
Based on GuruFocus' analysis, Honda India Power Products (NSE:HONDAPOWER) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,470.82, compared to a current price of ₹2,099.60 — trading 15% below its estimated fair value. The current ROC (Joel Greenblatt) % is 20.82%, which is 59% below median its 10-year median of 50.35 and 79.6% above the Industrial Products industry median of 11.60. Honda India Power Products' overall GF Score™ is 74/100 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 Honda India Power Products (NSE:HONDAPOWER), the current ROC (Joel Greenblatt) % is 20.82% as of Jun. 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 Honda India Power Products (NSE:HONDAPOWER) Overvalued in 2026?
Based on GuruFocus' analysis, Honda India Power Products stock appears to be undervalued.
The current stock price of ₹2,099.60 is trading 15% below its estimated GF Value™ of ₹2,470.82.
GuruFocus considers Honda India Power Products to be Modestly Undervalued.
Key valuation signals for NSE:HONDAPOWER:
ROC (Joel Greenblatt) %: 20.82% (59% below median its 10-year median of 50.35)
GF Value™: ₹2,470.82 vs. price of ₹2,099.60 (15% below fair value)
Industry Position: 79.6% above the Industrial Products median (#457 of 3062)
No single metric tells the full story. See the NSE:HONDAPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honda India Power Products Ltd is engaged in manufacturing and marketing the portable gensets, water pumps, general purpose engines, lawn mowers, brush cutters, tillers, and marine engines. The geographical spread of the company business is present across Indian as well as international markets and generating revenues from the sale of its products.
74GF Score
Get the complete analysis for NSE:HONDAPOWER
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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