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North Eastern CarryingNSE:NECCLTD -3.78%72 ROC (Joel Greenblatt) % is 6.55% as of Jun. 2026, which is 19% below its 10-year median of 8.10. GuruFocus rates NSE:NECCLTD with a GF Score™ of 72/100 and a GF Value™ of ₹19.37 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,005 Transportation companies, North Eastern Carrying ranks worse than 59.9% 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. North Eastern Carrying's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 6.55%.
The historical rank and industry rank for North Eastern Carrying's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:NECCLTD'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.71 Med: 8.1 Max: 11.71
Current: 9.22
During the past 13 years, North Eastern Carrying's highest ROC (Joel Greenblatt) % was 11.71%. The lowest was 4.71%. And the median was 8.10%.
NSE:NECCLTD's ROC (Joel Greenblatt) % is ranked worse than 59.9% of 1005
companies
in the Transportation industry
Industry Median: 11.75
vs NSE:NECCLTD: 9.22
North Eastern Carrying's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.10% per year.
North Eastern Carrying (NSE:NECCLTD) 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.
North Eastern Carrying ROC (Joel Greenblatt) % Related Terms
North Eastern Carrying ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for North Eastern Carrying'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.
North Eastern Carrying ROC (Joel Greenblatt) % Chart
NSE:NECCLTD vs ODFL, XPO, KNX: ROC (Joel Greenblatt) % Comparison
For the Trucking subindustry, North Eastern Carrying'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.
North Eastern Carrying ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, North Eastern Carrying's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where North Eastern Carrying's ROC (Joel Greenblatt) % falls into.
North Eastern Carrying 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 6.55% mean?
North Eastern Carrying (NSE:NECCLTD) has a ROC (Joel Greenblatt) % of 6.55% 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 North Eastern Carrying and its competitors. This is 19% below median its historical median of 8.10. Over the past decade, North Eastern Carrying's ROC (Joel Greenblatt) % has ranged from 4.71 to 11.71. According to the industry distribution chart, North Eastern Carrying ranks #602 out of 1005 companies in the Transportation industry, placing it in the top 59.9%.
Is North Eastern Carrying's ROC (Joel Greenblatt) % too high?
North Eastern Carrying's current ROC (Joel Greenblatt) % of 6.55% is 19% below median its 10-year median of 8.10. Over the past 10 years, this metric has ranged from a low of 4.71 to a high of 11.71. The Transportation industry median ROC (Joel Greenblatt) % is 11.75. North Eastern Carrying's value of 6.55% is 44.3% below this industry median. Based on the distribution chart, North Eastern Carrying ranks #602 out of 1005 companies in the Transportation industry, which is below the industry midpoint. Overall, North Eastern Carrying has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does North Eastern Carrying's ROC (Joel Greenblatt) % compare to ODFL and XPO?
According to the Transportation industry distribution chart, North Eastern Carrying ranks #602 out of 1005 companies for ROC (Joel Greenblatt) %. This places North Eastern Carrying in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.75. North Eastern Carrying's value of 6.55% is 44.3% below this benchmark. Historically, North Eastern Carrying's own ROC (Joel Greenblatt) % has ranged from 4.71 to 11.71 over the past decade. While the company's 10-year median is 8.10 vs. the industry median of 11.75, North Eastern Carrying has consistently been below 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.75, based on 1,005 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. North Eastern Carrying's current ROC (Joel Greenblatt) % of 6.55% is 44.3% below 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 North Eastern Carrying and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North Eastern Carrying's current ROC (Joel Greenblatt) % is 6.55%, which is 19% below median its own 10-year median of 8.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Eastern Carrying stock overvalued right now?
Based on GuruFocus' analysis, North Eastern Carrying (NSE:NECCLTD) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹19.37, compared to a current price of ₹16.27 — trading 16% below its estimated fair value. The current ROC (Joel Greenblatt) % is 6.55%, which is 19% below median its 10-year median of 8.10 and 44.3% below the Transportation industry median of 11.75. North Eastern Carrying's overall GF Score™ is 72/100 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 North Eastern Carrying (NSE:NECCLTD), the current ROC (Joel Greenblatt) % is 6.55% 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 North Eastern Carrying (NSE:NECCLTD) Overvalued in 2026?
Based on GuruFocus' analysis, North Eastern Carrying stock appears to be undervalued.
The current stock price of ₹16.27 is trading 16% below its estimated GF Value™ of ₹19.37.
GuruFocus considers North Eastern Carrying to be Modestly Undervalued.
Key valuation signals for NSE:NECCLTD:
ROC (Joel Greenblatt) %: 6.55% (19% below median its 10-year median of 8.10)
GF Value™: ₹19.37 vs. price of ₹16.27 (16% below fair value)
Industry Position: 44.3% below the Transportation median (#602 of 1005)
No single metric tells the full story. See the NSE:NECCLTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North Eastern Carrying Corp Ltd is engaged in the business of transportation. The Company offers freight management and customized logistics solutions. the company also offers Parcel load movement, Full truckload services, containerized movement of cargo, ODC Movement, Bulk Movement: Storage facility, and other transport-related services. Geographically, the company has a presence in Nepal and operational setups in Bhutan and Bangladesh. It generates substantial revenue from Freight.
72GF Score
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