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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. India Nippon Electricals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 45.62%.
The historical rank and industry rank for India Nippon Electricals's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:INDNIPPON'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 28.85 Med: 46.64 Max: 71.54
Current: 54.16
During the past 13 years, India Nippon Electricals's highest ROC (Joel Greenblatt) % was 71.54%. The lowest was 28.85%. And the median was 46.64%.
NSE:INDNIPPON's ROC (Joel Greenblatt) % is ranked better than 94.1% of 1340
companies
in the Vehicles & Parts industry
Industry Median: 12.415
vs NSE:INDNIPPON: 54.16
India Nippon Electricals's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 11.10% per year.
India Nippon Electricals (NSE:INDNIPPON) 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.
India Nippon Electricals ROC (Joel Greenblatt) % Related Terms
India Nippon Electricals ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for India Nippon Electricals'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.
India Nippon Electricals ROC (Joel Greenblatt) % Chart
NSE:INDNIPPON vs ORLY, AZO, GPC: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, India Nippon Electricals'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.
India Nippon Electricals ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, India Nippon Electricals's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where India Nippon Electricals's ROC (Joel Greenblatt) % falls into.
India Nippon Electricals 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 45.62% mean?
India Nippon Electricals (NSE:INDNIPPON) has a ROC (Joel Greenblatt) % of 45.62% 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 India Nippon Electricals and its competitors. This is near median its historical median of 46.64. Over the past decade, India Nippon Electricals' ROC (Joel Greenblatt) % has ranged from 28.85 to 71.54. According to the industry distribution chart, India Nippon Electricals ranks #79 out of 1340 companies in the Vehicles & Parts industry, placing it in the top 5.9%.
Is India Nippon Electricals' ROC (Joel Greenblatt) % too high?
India Nippon Electricals' current ROC (Joel Greenblatt) % of 45.62% is near median its 10-year median of 46.64. Over the past 10 years, this metric has ranged from a low of 28.85 to a high of 71.54. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.42. India Nippon Electricals' value of 45.62% is 267.5% above this industry median. Based on the distribution chart, India Nippon Electricals ranks #79 out of 1340 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, India Nippon Electricals has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does India Nippon Electricals' ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, India Nippon Electricals ranks #79 out of 1340 companies for ROC (Joel Greenblatt) %. This places India Nippon Electricals in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.42. India Nippon Electricals' value of 45.62% is 267.5% above this benchmark. Historically, India Nippon Electricals' own ROC (Joel Greenblatt) % has ranged from 28.85 to 71.54 over the past decade. While the company's 10-year median is 46.64 vs. the industry median of 12.42, India Nippon Electricals 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 a Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.42, based on 1,340 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. India Nippon Electricals's current ROC (Joel Greenblatt) % of 45.62% is 267.5% 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 India Nippon Electricals and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. India Nippon Electricals's current ROC (Joel Greenblatt) % is 45.62%, which is near median its own 10-year median of 46.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is India Nippon Electricals stock overvalued right now?
Based on GuruFocus' analysis, India Nippon Electricals (NSE:INDNIPPON) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,061.81, compared to a current price of ₹1,061.60 — trading 0% below its estimated fair value. The current ROC (Joel Greenblatt) % is 45.62%, which is near median its 10-year median of 46.64 and 267.5% above the Vehicles & Parts industry median of 12.42. India Nippon Electricals' overall GF Score™ is 90/100 with 2 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 India Nippon Electricals (NSE:INDNIPPON), the current ROC (Joel Greenblatt) % is 45.62% 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 India Nippon Electricals (NSE:INDNIPPON) Overvalued in 2026?
Based on GuruFocus' analysis, India Nippon Electricals stock appears to be undervalued.
The current stock price of ₹1,061.60 is trading 0% below its estimated GF Value™ of ₹1,061.81.
GuruFocus considers India Nippon Electricals to be Fairly Valued.
Key valuation signals for NSE:INDNIPPON:
ROC (Joel Greenblatt) %: 45.62% (near median its 10-year median of 46.64)
GF Value™: ₹1,061.81 vs. price of ₹1,061.60 (0% below fair value)
Industry Position: 267.5% above the Vehicles & Parts median (#79 of 1340)
No single metric tells the full story. See the NSE:INDNIPPON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
India Nippon Electricals Ltd is an India-based company that engages in the business of manufacturing electronic ignition systems for two-wheelers, three-wheelers, and portable engines. The company offers AC generator products, such as flywheel magneto, stator, rotor products, regulator and rectifier units, ignition coils, exhaust gas recirculation controllers, engine controller units, auto choke-generation purpose engines, dual output ignition products, non-contact and contact type throttle position sensors, and PM alternators. Geographically, it derives a majority of its revenue from India.
90GF Score
Get the complete analysis for NSE:INDNIPPON
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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