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Indian PhosphateNSE:IPHL +5.83%18 ROC (Joel Greenblatt) % is 17.79% as of Sep. 2025, which is 21% below its 10-year median of 22.48. GuruFocus rates NSE:IPHL with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,605 Chemicals companies, Indian Phosphate ranks better than 67.17% 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. Indian Phosphate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 17.79%.
The historical rank and industry rank for Indian Phosphate's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:IPHL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.84 Med: 22.48 Max: 47.21
Current: 15.75
During the past 5 years, Indian Phosphate's highest ROC (Joel Greenblatt) % was 47.21%. The lowest was 7.84%. And the median was 22.48%.
NSE:IPHL's ROC (Joel Greenblatt) % is ranked better than 67.17% of 1605
companies
in the Chemicals industry
Industry Median: 9.47
vs NSE:IPHL: 15.75
Indian Phosphate's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Indian Phosphate (NSE:IPHL) 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.
Indian Phosphate ROC (Joel Greenblatt) % Related Terms
Indian Phosphate ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Indian Phosphate'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.
NSE:IPHL vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Indian Phosphate'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.
Indian Phosphate ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Indian Phosphate's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Indian Phosphate's ROC (Joel Greenblatt) % falls into.
Indian Phosphate 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 two times the semi-annual (Sep. 2025) 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 17.79% mean?
Indian Phosphate (NSE:IPHL) has a ROC (Joel Greenblatt) % of 17.79% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Indian Phosphate and its competitors. This is 21% below median its historical median of 22.48. Over the past decade, Indian Phosphate's ROC (Joel Greenblatt) % has ranged from 7.84 to 47.21. According to the industry distribution chart, Indian Phosphate ranks #527 out of 1605 companies in the Chemicals industry, placing it in the top 32.8%.
Is Indian Phosphate's ROC (Joel Greenblatt) % too high?
Indian Phosphate's current ROC (Joel Greenblatt) % of 17.79% is 21% below median its 10-year median of 22.48. Over the past 10 years, this metric has ranged from a low of 7.84 to a high of 47.21. The Chemicals industry median ROC (Joel Greenblatt) % is 9.47. Indian Phosphate's value of 17.79% is 87.9% above this industry median. Based on the distribution chart, Indian Phosphate ranks #527 out of 1605 companies in the Chemicals industry, which is above the industry midpoint. Overall, Indian Phosphate has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Indian Phosphate's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indian Phosphate ranks #527 out of 1605 companies for ROC (Joel Greenblatt) %. This puts Indian Phosphate in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.47. Indian Phosphate's value of 17.79% is 87.9% above this benchmark. Historically, Indian Phosphate's own ROC (Joel Greenblatt) % has ranged from 7.84 to 47.21 over the past decade. While the company's 10-year median is 22.48 vs. the industry median of 9.47, Indian Phosphate 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.47, based on 1,605 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. Indian Phosphate's current ROC (Joel Greenblatt) % of 17.79% is 87.9% 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 Indian Phosphate and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Phosphate's current ROC (Joel Greenblatt) % is 17.79%, which is 21% below median its own 10-year median of 22.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Phosphate stock overvalued right now?
Indian Phosphate (NSE:IPHL) has a current ROC (Joel Greenblatt) % of 17.79%. The current ROC (Joel Greenblatt) % is 17.79%, which is 21% below median its 10-year median of 22.48 and 87.9% above the Chemicals industry median of 9.47. Indian Phosphate's overall GF Score™ is 18/100 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 Indian Phosphate (NSE:IPHL), the current ROC (Joel Greenblatt) % is 17.79% as of Sep. 2025. 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.
Indian Phosphate Ltd is involved in the production of Linear Alkylbenzene Sulphonic Acid (LABSA) 90%, an anionic surfactant used in the formulation of various detergent products such as powders, cakes, toilet cleaners, and liquid detergents. The company is also involved in manufacturing Single Super Phosphate (SSP) fertilizer and Granules Single Super Phosphate (GSSP). The business comprises the manufacture, purchase, and sale of Fertilizers and chemicals. The company generates the majority of its revenue from the Chemical Division.
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