Oriana Power (NSE:ORIANA) ROC (Joel Greenblatt) %: 81.99% (As of Mar. 2026) — 82% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:ORIANA Oriana Power Ltd NSE:ORIANA
81 GF Score
Price ₹1,212.45
GF Value ₹4,885.69
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Oriana Power ROC (Joel Greenblatt) %?

Oriana Power NSE:ORIANA -2.69% 81 ROC (Joel Greenblatt) % is 81.99% as of Mar. 2026, which is 82% above its 10-year median of 45.01. GuruFocus rates NSE:ORIANA with a GF Score™ of 81/100 and a GF Value™ of ₹4,885.69 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 443 Utilities - Independent Power Producers companies, Oriana Power ranks better than 91.65% 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. Oriana Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 81.99%.

The historical rank and industry rank for Oriana Power's ROC (Joel Greenblatt) % or its related term are showing as below:

NSE:ORIANA' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.35   Med: 45.01   Max: 67.35
Current: 67.35

During the past 6 years, Oriana Power's highest ROC (Joel Greenblatt) % was 67.35%. The lowest was 14.35%. And the median was 45.01%.

NSE:ORIANA's ROC (Joel Greenblatt) % is ranked better than
91.65% of 443 companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.13 vs NSE:ORIANA: 67.35

Oriana Power's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 27.40% per year.


Oriana Power  (NSE:ORIANA) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Oriana Power ROC (Joel Greenblatt) % Related Terms


Oriana Power ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Oriana Power'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.

Oriana Power ROC (Joel Greenblatt) % Chart

Oriana Power Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 40.85 31.78 49.16 49.27 64.09

Oriana Power Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only 56.31 53.36 62.91 57.77 81.99

Oriana Power ROC (Joel Greenblatt) % Competitor Comparison

For the Utilities - Renewable subindustry, Oriana Power'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.


Oriana Power ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Oriana Power's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Oriana Power's ROC (Joel Greenblatt) % falls into.


NSE:ORIANA
81GF Score
Oriana Power Ltd NSE:ORIANA
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oriana Power 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4413.763 + 416.44 + 4669.979) - (1432.041 + 0 + 5899.603)
=2168.538

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6711.436 + 411.748 + 6727.206) - (2095.391 + 0 + 10697.519)
=1057.48

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Oriana Power for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4551.798/( ( (3293.924 + max(2168.538, 0)) + (4583.746 + max(1057.48, 0)) )/ 2 )
=4551.798/( ( 5462.462 + 5641.226 )/ 2 )
=4551.798/5551.844
=81.99 %

Note: The EBIT data used here is two times the semi-annual (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 81.99% mean?
Oriana Power (NSE:ORIANA) has a ROC (Joel Greenblatt) % of 81.99% 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 Oriana Power and its competitors. This is 82% above median its historical median of 45.01. Over the past decade, Oriana Power's ROC (Joel Greenblatt) % has ranged from 14.35 to 67.35. According to the industry distribution chart, Oriana Power ranks #37 out of 443 companies in the Utilities - Independent Power Producers industry, placing it in the top 8.4%.
Is Oriana Power's ROC (Joel Greenblatt) % too high?
Oriana Power's current ROC (Joel Greenblatt) % of 81.99% is 82% above median its 10-year median of 45.01. Over the past 10 years, this metric has ranged from a low of 14.35 to a high of 67.35. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.13. Oriana Power's value of 81.99% is 1237.5% above this industry median. Based on the distribution chart, Oriana Power ranks #37 out of 443 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Oriana Power has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oriana Power's ROC (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Oriana Power ranks #37 out of 443 companies for ROC (Joel Greenblatt) %. This places Oriana Power in the top 8% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 6.13. Oriana Power's value of 81.99% is 1237.5% above this benchmark. Historically, Oriana Power's own ROC (Joel Greenblatt) % has ranged from 14.35 to 67.35 over the past decade. While the company's 10-year median is 45.01 vs. the industry median of 6.13, Oriana Power 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 Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.13, based on 443 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. Oriana Power's current ROC (Joel Greenblatt) % of 81.99% is 1237.5% 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 Oriana Power and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oriana Power's current ROC (Joel Greenblatt) % is 81.99%, which is 82% above median its own 10-year median of 45.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oriana Power stock overvalued right now?
Based on GuruFocus' analysis, Oriana Power (NSE:ORIANA) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹4,885.69, compared to a current price of ₹1,212.45 — trading 75.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 81.99%, which is 82% above median its 10-year median of 45.01 and 1237.5% above the Utilities - Independent Power Producers industry median of 6.13. Oriana Power's overall GF Score™ is 81/100 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 Oriana Power (NSE:ORIANA), the current ROC (Joel Greenblatt) % is 81.99% 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 Oriana Power (NSE:ORIANA) Overvalued in 2026?

Based on GuruFocus' analysis, Oriana Power stock appears to be undervalued. The current stock price of ₹1,212.45 is trading 75.2% below its estimated GF Value™ of ₹4,885.69. GuruFocus considers Oriana Power to be Significantly Undervalued.

Key valuation signals for NSE:ORIANA:

  • ROC (Joel Greenblatt) %: 81.99% (82% above median its 10-year median of 45.01)
  • GF Value™: ₹4,885.69 vs. price of ₹1,212.45 (75.2% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 1237.5% above the Utilities - Independent Power Producers median (#37 of 443)

No single metric tells the full story. See the NSE:ORIANA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Oriana Power Business Description

Address Sector 125, Third Floor, Plot No 19 and 20, Gautam Buddha Nagar, Amity University Dadri, Noida, UP, IND, 201313
Oriana Power Ltd is engaged across the renewable energy value chain, including solar power projects engineering, procurement, and construction (EPC), power generation, compressed bio-gas, battery energy storage systems (BESS), green hydrogen, and e-fuels, as well as leasing, operation, and maintenance services. It also undertakes the construction, installation, and maintenance of related power infrastructure, such as power stations, cables, and lines. Its business operations are mainly divided into two segments: EPC Segment includes Engineering, Procurement and Construction of renewable energy projects; and Resco Segment comprises the Generation and sale of power under the Renewable Energy Service Company model. The group generates the majority of revenue from the EPC Segment.
81GF Score

Get the complete analysis for NSE:ORIANA

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,212.45
Price
₹4,885.69
GF Value