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IRB Infrastructure DevelopersNSE:IRB +0.25%76 ROC (Joel Greenblatt) % is 240.49% as of Mar. 2026, which is 11% below its 10-year median of 271.45. GuruFocus rates NSE:IRB with a GF Score™ of 76/100 and a GF Value™ of ₹21.96 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,782 Construction companies, IRB Infrastructure Developers ranks better than 94.28% 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. IRB Infrastructure Developers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 240.49%.
The historical rank and industry rank for IRB Infrastructure Developers's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:IRB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 120.06 Med: 271.45 Max: 1315.45
Current: 266.64
During the past 13 years, IRB Infrastructure Developers's highest ROC (Joel Greenblatt) % was 1315.45%. The lowest was 120.06%. And the median was 271.45%.
NSE:IRB's ROC (Joel Greenblatt) % is ranked better than 94.28% of 1782
companies
in the Construction industry
Industry Median: 19.6
vs NSE:IRB: 266.64
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.
For the Infrastructure Operations subindustry, IRB Infrastructure Developers'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.
IRB Infrastructure Developers ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, IRB Infrastructure Developers's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IRB Infrastructure Developers's ROC (Joel Greenblatt) % falls into.
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 240.49% mean?
IRB Infrastructure Developers (NSE:IRB) has a ROC (Joel Greenblatt) % of 240.49% 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 IRB Infrastructure Developers and its competitors. This is 11% below median its historical median of 271.45. Over the past decade, IRB Infrastructure Developers' ROC (Joel Greenblatt) % has ranged from 120.06 to 1,315.45. According to the industry distribution chart, IRB Infrastructure Developers ranks #102 out of 1782 companies in the Construction industry, placing it in the top 5.7%.
Is IRB Infrastructure Developers' ROC (Joel Greenblatt) % too high?
IRB Infrastructure Developers' current ROC (Joel Greenblatt) % of 240.49% is 11% below median its 10-year median of 271.45. Over the past 10 years, this metric has ranged from a low of 120.06 to a high of 1,315.45. The Construction industry median ROC (Joel Greenblatt) % is 19.60. IRB Infrastructure Developers' value of 240.49% is 1127% above this industry median. Based on the distribution chart, IRB Infrastructure Developers ranks #102 out of 1782 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, IRB Infrastructure Developers has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IRB Infrastructure Developers' ROC (Joel Greenblatt) % compare to competitors?
According to the Construction industry distribution chart, IRB Infrastructure Developers ranks #102 out of 1782 companies for ROC (Joel Greenblatt) %. This places IRB Infrastructure Developers in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.60. IRB Infrastructure Developers' value of 240.49% is 1127% above this benchmark. Historically, IRB Infrastructure Developers' own ROC (Joel Greenblatt) % has ranged from 120.06 to 1,315.45 over the past decade. While the company's 10-year median is 271.45 vs. the industry median of 19.60, IRB Infrastructure Developers 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.60, based on 1,782 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. IRB Infrastructure Developers's current ROC (Joel Greenblatt) % of 240.49% is 1127% 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 IRB Infrastructure Developers and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IRB Infrastructure Developers's current ROC (Joel Greenblatt) % is 240.49%, which is 11% below median its own 10-year median of 271.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRB Infrastructure Developers stock overvalued right now?
Based on GuruFocus' analysis, IRB Infrastructure Developers (NSE:IRB) is currently considered Fairly Valued. The stock's GF Value™ is ₹21.96, compared to a current price of ₹19.96 — trading 9.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 240.49%, which is 11% below median its 10-year median of 271.45 and 1127% above the Construction industry median of 19.60. IRB Infrastructure Developers' overall GF Score™ is 76/100 with 8 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 IRB Infrastructure Developers (NSE:IRB), the current ROC (Joel Greenblatt) % is 240.49% 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 IRB Infrastructure Developers (NSE:IRB) Overvalued in 2026?
Based on GuruFocus' analysis, IRB Infrastructure Developers stock appears to be undervalued.
The current stock price of ₹19.96 is trading 9.1% below its estimated GF Value™ of ₹21.96.
GuruFocus considers IRB Infrastructure Developers to be Fairly Valued.
Key valuation signals for NSE:IRB:
ROC (Joel Greenblatt) %: 240.49% (11% below median its 10-year median of 271.45)
GF Value™: ₹21.96 vs. price of ₹19.96 (9.1% below fair value)
Industry Position: 1127% above the Construction median (#102 of 1782)
No single metric tells the full story. See the NSE:IRB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IRB Infrastructure Developers Business Description
IRB Infrastructure Developers Ltd is an infrastructure and construction company. The company organizes itself into segments: Built, Operate and Transfer (BOT)/ Toll, Operate and Transfer (TOT) segment consist of operation and maintenance of roads; InvITs & Related Assets segment consists of investments in units of IRB Infrastructure Trust, IRB InvIT Fund and other related assets; and Construction segment consists of development and maintenance of roads. It derives maximum revenue from Construction segment.
76GF Score
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