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HPL Electric & PowerNSE:HPL +0.07%79 ROC (Joel Greenblatt) % is 15.65% as of Mar. 2026, which is 84% above its 10-year median of 8.52. GuruFocus rates NSE:HPL with a GF Score™ of 79/100 and a GF Value™ of ₹468.74 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 3,061 Industrial Products companies, HPL Electric & Power ranks better than 54.3% 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. HPL Electric & Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.65%.
The historical rank and industry rank for HPL Electric & Power's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:HPL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.7 Med: 8.52 Max: 14.64
Current: 13.67
During the past 12 years, HPL Electric & Power's highest ROC (Joel Greenblatt) % was 14.64%. The lowest was 5.70%. And the median was 8.52%.
NSE:HPL's ROC (Joel Greenblatt) % is ranked better than 54.3% of 3061
companies
in the Industrial Products industry
Industry Median: 11.71
vs NSE:HPL: 13.67
HPL Electric & Power's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 23.50% per year.
HPL Electric & Power (NSE:HPL) 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.
HPL Electric & Power ROC (Joel Greenblatt) % Related Terms
HPL Electric & Power ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for HPL Electric & Power'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.
HPL Electric & Power ROC (Joel Greenblatt) % Chart
NSE:HPL vs VRT, BE: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, HPL Electric & Power'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.
HPL Electric & Power ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HPL Electric & Power's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where HPL Electric & Power's ROC (Joel Greenblatt) % falls into.
HPL Electric & Power 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 15.65% mean?
HPL Electric & Power (NSE:HPL) has a ROC (Joel Greenblatt) % of 15.65% 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 HPL Electric & Power and its competitors. This is 84% above median its historical median of 8.52. Over the past decade, HPL Electric & Power's ROC (Joel Greenblatt) % has ranged from 5.70 to 14.64. According to the industry distribution chart, HPL Electric & Power ranks #1399 out of 3061 companies in the Industrial Products industry, placing it in the top 45.7%.
Is HPL Electric & Power's ROC (Joel Greenblatt) % too high?
HPL Electric & Power's current ROC (Joel Greenblatt) % of 15.65% is 84% above median its 10-year median of 8.52. Over the past 10 years, this metric has ranged from a low of 5.70 to a high of 14.64. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.71. HPL Electric & Power's value of 15.65% is 33.6% above this industry median. Based on the distribution chart, HPL Electric & Power ranks #1399 out of 3061 companies in the Industrial Products industry, which is above the industry midpoint. Overall, HPL Electric & Power has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HPL Electric & Power's ROC (Joel Greenblatt) % compare to VRT and BE?
According to the Industrial Products industry distribution chart, HPL Electric & Power ranks #1399 out of 3061 companies for ROC (Joel Greenblatt) %. This puts HPL Electric & Power in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.71. HPL Electric & Power's value of 15.65% is 33.6% above this benchmark. Historically, HPL Electric & Power's own ROC (Joel Greenblatt) % has ranged from 5.70 to 14.64 over the past decade. While the company's 10-year median is 8.52 vs. the industry median of 11.71, HPL Electric & Power 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 3,061 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. HPL Electric & Power's current ROC (Joel Greenblatt) % of 15.65% is 33.6% 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 HPL Electric & Power 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. HPL Electric & Power's current ROC (Joel Greenblatt) % is 15.65%, which is 84% above median its own 10-year median of 8.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HPL Electric & Power stock overvalued right now?
Based on GuruFocus' analysis, HPL Electric & Power (NSE:HPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹468.74, compared to a current price of ₹345.75 — trading 26.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 15.65%, which is 84% above median its 10-year median of 8.52 and 33.6% above the Industrial Products industry median of 11.71. HPL Electric & Power's overall GF Score™ is 79/100 with 3 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 HPL Electric & Power (NSE:HPL), the current ROC (Joel Greenblatt) % is 15.65% 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 HPL Electric & Power (NSE:HPL) Overvalued in 2026?
Based on GuruFocus' analysis, HPL Electric & Power stock appears to be undervalued.
The current stock price of ₹345.75 is trading 26.2% below its estimated GF Value™ of ₹468.74.
GuruFocus considers HPL Electric & Power to be Modestly Undervalued.
Key valuation signals for NSE:HPL:
ROC (Joel Greenblatt) %: 15.65% (84% above median its 10-year median of 8.52)
GF Value™: ₹468.74 vs. price of ₹345.75 (26.2% below fair value)
Industry Position: 33.6% above the Industrial Products median (#1399 of 3061)
No single metric tells the full story. See the NSE:HPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HPL Electric & Power Ltd is an Indian company engaged in manufacturing electric equipment across the key verticals: Metering, Switchgear, Lighting and Electronics, and Cables. The company operates in two segments: Metering, systems & services, and Consumer, Industrial & services. It derives key revenue from the Metering, Systems & Services segment. The product portfolio includes digital panel meters, smart Meters, Net Meters for Solar Rooftops, Prepaid Metering Solutions, Ebrit Digital Panel Meters, cordless chimes, and Trivector Meters. Geographically, the majority of its revenue is generated in India.
79GF Score
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