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Jindal SteelNSE:JINDALSTEL +2.25%72 ROC (Joel Greenblatt) % is 9.43% as of Jun. 2026, which is 7% above its 10-year median of 8.82. GuruFocus rates NSE:JINDALSTEL with a GF Score™ of 72/100 and a GF Value™ of ₹1,271.75 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 631 Steel companies, Jindal Steel ranks better than 51.03% 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. Jindal Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 9.43%.
The historical rank and industry rank for Jindal Steel's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:JINDALSTEL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.76 Med: 8.82 Max: 23.54
Current: 7.79
During the past 13 years, Jindal Steel's highest ROC (Joel Greenblatt) % was 23.54%. The lowest was 0.76%. And the median was 8.82%.
NSE:JINDALSTEL's ROC (Joel Greenblatt) % is ranked better than 51.03% of 631
companies
in the Steel industry
Industry Median: 7.38
vs NSE:JINDALSTEL: 7.79
Jindal Steel's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -15.80% per year.
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.
Jindal Steel ROC (Joel Greenblatt) % Related Terms
Jindal Steel ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Jindal Steel'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:JINDALSTEL vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Jindal Steel'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.
Jindal Steel ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Jindal Steel's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Jindal Steel'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 (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 9.43% mean?
Jindal Steel (NSE:JINDALSTEL) has a ROC (Joel Greenblatt) % of 9.43% 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 Jindal Steel and its competitors. This is near median its historical median of 8.82. Over the past decade, Jindal Steel's ROC (Joel Greenblatt) % has ranged from 0.76 to 23.54. According to the industry distribution chart, Jindal Steel ranks #309 out of 631 companies in the Steel industry, placing it in the top 49%.
Is Jindal Steel's ROC (Joel Greenblatt) % too high?
Jindal Steel's current ROC (Joel Greenblatt) % of 9.43% is near median its 10-year median of 8.82. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 23.54. The Steel industry median ROC (Joel Greenblatt) % is 7.38. Jindal Steel's value of 9.43% is 27.8% above this industry median. Based on the distribution chart, Jindal Steel ranks #309 out of 631 companies in the Steel industry, which is above the industry midpoint. Overall, Jindal Steel has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jindal Steel's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Jindal Steel ranks #309 out of 631 companies for ROC (Joel Greenblatt) %. This puts Jindal Steel in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 7.38. Jindal Steel's value of 9.43% is 27.8% above this benchmark. Historically, Jindal Steel's own ROC (Joel Greenblatt) % has ranged from 0.76 to 23.54 over the past decade. While the company's 10-year median is 8.82 vs. the industry median of 7.38, Jindal Steel 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.38, based on 631 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. Jindal Steel's current ROC (Joel Greenblatt) % of 9.43% is 27.8% 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 Jindal Steel and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jindal Steel's current ROC (Joel Greenblatt) % is 9.43%, which is near median its own 10-year median of 8.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jindal Steel stock overvalued right now?
Based on GuruFocus' analysis, Jindal Steel (NSE:JINDALSTEL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,271.75, compared to a current price of ₹1,101.50 — trading 13.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 9.43%, which is near median its 10-year median of 8.82 and 27.8% above the Steel industry median of 7.38. Jindal Steel's overall GF Score™ is 72/100 with 5 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 Jindal Steel (NSE:JINDALSTEL), the current ROC (Joel Greenblatt) % is 9.43% 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 Jindal Steel (NSE:JINDALSTEL) Overvalued in 2026?
Based on GuruFocus' analysis, Jindal Steel stock appears to be undervalued.
The current stock price of ₹1,101.50 is trading 13.4% below its estimated GF Value™ of ₹1,271.75.
GuruFocus considers Jindal Steel to be Modestly Undervalued.
Key valuation signals for NSE:JINDALSTEL:
ROC (Joel Greenblatt) %: 9.43% (near median its 10-year median of 8.82)
GF Value™: ₹1,271.75 vs. price of ₹1,101.50 (13.4% below fair value)
Industry Position: 27.8% above the Steel median (#309 of 631)
No single metric tells the full story. See the NSE:JINDALSTEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jindal Steel Ltd is an Indian-based company that is involved in the steelmaking, power generation, mining, and infrastructure sectors, with its presence in various countries. The iron and steel industry is the company's key revenue-generating business. It offers various kinds of steel products like rails, fabricated sections, plates and coils, round bars, speedfloors, wire rods, and others. The products find applications in railways, roads, highways and bridges, housing, industrial applications, heavy machinery, and civil construction. Geographically, the company generates a majority of its revenue from its customers within India.
72GF Score
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