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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. Krishna Defence & Allied Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 84.76%.
The historical rank and industry rank for Krishna Defence & Allied Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:KRISHNADEF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.48 Med: 13.55 Max: 51.35
Current: 31.55
During the past 8 years, Krishna Defence & Allied Industries's highest ROC (Joel Greenblatt) % was 51.35%. The lowest was 6.48%. And the median was 13.55%.
NSE:KRISHNADEF's ROC (Joel Greenblatt) % is ranked better than 78.93% of 3071
companies
in the Industrial Products industry
Industry Median: 12.21
vs NSE:KRISHNADEF: 31.55
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.
NSE:KRISHNADEF vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Krishna Defence & Allied Industries'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.
Krishna Defence & Allied Industries ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Krishna Defence & Allied Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Krishna Defence & Allied Industries'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 84.76% mean?
Krishna Defence & Allied Industries (NSE:KRISHNADEF) has a ROC (Joel Greenblatt) % of 84.76% 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 Krishna Defence & Allied Industries and its competitors. This is 526% above median its historical median of 13.55. Over the past decade, Krishna Defence & Allied Industries' ROC (Joel Greenblatt) % has ranged from 6.48 to 51.35. According to the industry distribution chart, Krishna Defence & Allied Industries ranks #647 out of 3071 companies in the Industrial Products industry, placing it in the top 21.1%.
Is Krishna Defence & Allied Industries' ROC (Joel Greenblatt) % too high?
Krishna Defence & Allied Industries' current ROC (Joel Greenblatt) % of 84.76% is 526% above median its 10-year median of 13.55. Over the past 10 years, this metric has ranged from a low of 6.48 to a high of 51.35. The Industrial Products industry median ROC (Joel Greenblatt) % is 12.21. Krishna Defence & Allied Industries' value of 84.76% is 594.2% above this industry median. Based on the distribution chart, Krishna Defence & Allied Industries ranks #647 out of 3071 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Krishna Defence & Allied Industries has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Krishna Defence & Allied Industries' ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Krishna Defence & Allied Industries ranks #647 out of 3071 companies for ROC (Joel Greenblatt) %. This places Krishna Defence & Allied Industries in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.21. Krishna Defence & Allied Industries' value of 84.76% is 594.2% above this benchmark. Historically, Krishna Defence & Allied Industries' own ROC (Joel Greenblatt) % has ranged from 6.48 to 51.35 over the past decade. While the company's 10-year median is 13.55 vs. the industry median of 12.21, Krishna Defence & Allied Industries 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 12.21, based on 3,071 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. Krishna Defence & Allied Industries's current ROC (Joel Greenblatt) % of 84.76% is 594.2% 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 Krishna Defence & Allied Industries and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 12.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Krishna Defence & Allied Industries's current ROC (Joel Greenblatt) % is 84.76%, which is 526% above median its own 10-year median of 13.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Krishna Defence & Allied Industries stock overvalued right now?
Based on GuruFocus' analysis, Krishna Defence & Allied Industries (NSE:KRISHNADEF) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,215.91, compared to a current price of ₹1,018.40 — trading 16.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 84.76%, which is 526% above median its 10-year median of 13.55 and 594.2% above the Industrial Products industry median of 12.21. Krishna Defence & Allied Industries' overall GF Score™ is 91/100 with 4 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 Krishna Defence & Allied Industries (NSE:KRISHNADEF), the current ROC (Joel Greenblatt) % is 84.76% 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 Krishna Defence & Allied Industries (NSE:KRISHNADEF) Overvalued in 2026?
Based on GuruFocus' analysis, Krishna Defence & Allied Industries stock appears to be undervalued.
The current stock price of ₹1,018.40 is trading 16.2% below its estimated GF Value™ of ₹1,215.91.
GuruFocus considers Krishna Defence & Allied Industries to be Modestly Undervalued.
Key valuation signals for NSE:KRISHNADEF:
ROC (Joel Greenblatt) %: 84.76% (526% above median its 10-year median of 13.55)
GF Value™: ₹1,215.91 vs. price of ₹1,018.40 (16.2% below fair value)
Industry Position: 594.2% above the Industrial Products median (#647 of 3071)
No single metric tells the full story. See the NSE:KRISHNADEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Krishna Defence & Allied Industries Ltd develops, manufactures, and designs defense application products and kitchen and dairy equipment products. It manufactures and offers a wide line of products including Ballast Bricks, Improvised Explosive Device Containment Vessels, Automatic Tyre Killer, Crowd Control Barriers, Bulk milk coolers with thermal storage systems, Cow Grooming Brushes, Daal Cooker, Rice Storage Chute, Stainless Steel Milk Cans, Heat Recovery Unit, Bulk Cooking Equipment like Rice Cauldron, Ship Building Steel section and others. It has two operating reportable segments as Dairy & Kitchen equipment segment and the Defence Products. The company generates maximum revenue from the Defence Products segment.
91GF Score
Get the complete analysis for NSE:KRISHNADEF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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