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Patel EngineeringNSE:PATELENG -2.45%83 ROC (Joel Greenblatt) % is 16.54% as of Mar. 2026, which is 20% above its 10-year median of 13.78. GuruFocus rates NSE:PATELENG with a GF Score™ of 83/100 and a GF Value™ of ₹47.94 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,782 Construction companies, Patel Engineering ranks worse than 55.5% 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. Patel Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.54%.
The historical rank and industry rank for Patel Engineering's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:PATELENG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.38 Med: 13.78 Max: 18.69
Current: 15.5
During the past 13 years, Patel Engineering's highest ROC (Joel Greenblatt) % was 18.69%. The lowest was -0.38%. And the median was 13.78%.
NSE:PATELENG's ROC (Joel Greenblatt) % is ranked worse than 55.5% of 1782
companies
in the Construction industry
Industry Median: 19.6
vs NSE:PATELENG: 15.50
Patel Engineering's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Patel Engineering ROC (Joel Greenblatt) % Related Terms
Patel Engineering ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Patel Engineering'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:PATELENG vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Patel Engineering'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.
Patel Engineering ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Patel Engineering's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Patel Engineering'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 16.54% mean?
Patel Engineering (NSE:PATELENG) has a ROC (Joel Greenblatt) % of 16.54% 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 Patel Engineering and its competitors. This is 20% above median its historical median of 13.78. According to the industry distribution chart, Patel Engineering ranks #989 out of 1782 companies in the Construction industry, placing it in the top 55.5%.
Is Patel Engineering's ROC (Joel Greenblatt) % too high?
Patel Engineering's current ROC (Joel Greenblatt) % of 16.54% is 20% above median its 10-year median of 13.78. The Construction industry median ROC (Joel Greenblatt) % is 19.60. Patel Engineering's value of 16.54% is 15.6% below this industry median. Based on the distribution chart, Patel Engineering ranks #989 out of 1782 companies in the Construction industry, which is below the industry midpoint. Overall, Patel Engineering has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Patel Engineering's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Patel Engineering ranks #989 out of 1782 companies for ROC (Joel Greenblatt) %. This places Patel Engineering in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.60. Patel Engineering's value of 16.54% is 15.6% below this benchmark. While the company's 10-year median is 13.78 vs. the industry median of 19.60, Patel Engineering 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 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. Patel Engineering's current ROC (Joel Greenblatt) % of 16.54% is 15.6% 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 Patel Engineering 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. Patel Engineering's current ROC (Joel Greenblatt) % is 16.54%, which is 20% above median its own 10-year median of 13.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patel Engineering stock overvalued right now?
Based on GuruFocus' analysis, Patel Engineering (NSE:PATELENG) is currently considered Possible Value Trap. The stock's GF Value™ is ₹47.94, compared to a current price of ₹29.05 — trading 39.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 16.54%, which is 20% above median its 10-year median of 13.78 and 15.6% below the Construction industry median of 19.60. Patel Engineering's overall GF Score™ is 83/100 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 Patel Engineering (NSE:PATELENG), the current ROC (Joel Greenblatt) % is 16.54% 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 Patel Engineering (NSE:PATELENG) Overvalued in 2026?
Based on GuruFocus' analysis, Patel Engineering stock appears to be undervalued.
The current stock price of ₹29.05 is trading 39.4% below its estimated GF Value™ of ₹47.94.
GuruFocus considers Patel Engineering to be Possible Value Trap.
Key valuation signals for NSE:PATELENG:
ROC (Joel Greenblatt) %: 16.54% (20% above median its 10-year median of 13.78)
GF Value™: ₹47.94 vs. price of ₹29.05 (39.4% below fair value)
Industry Position: 15.6% below the Construction median (#989 of 1782)
No single metric tells the full story. See the NSE:PATELENG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patel Engineering Ltd is a company that undertakes civil construction and engineering projects. The company is engaged in segments including engineering procurement and construction (EPC) and real estate. It generates a vast majority of its revenue from the EPC segment within India. The company projects include all sectors of the infrastructure industry from dams, tunnels, micro-runnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways, refineries to real estate, and townships.
83GF Score
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