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Pattech Fitwell Tube ComponentsNSE:PATTECH 87 ROC (Joel Greenblatt) % is 9.61% as of Mar. 2026, which is 21% below its 10-year median of 12.23. GuruFocus rates NSE:PATTECH with a GF Score™ of 87/100 and a GF Value™ of ₹126.65 (Fairly Valued). The stock has 6 warning signs investors should review. Among 632 Steel companies, Pattech Fitwell Tube Components ranks better than 58.07% 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. Pattech Fitwell Tube Components's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.61%.
The historical rank and industry rank for Pattech Fitwell Tube Components's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:PATTECH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.64 Med: 12.23 Max: 22.73
Current: 9.48
During the past 7 years, Pattech Fitwell Tube Components's highest ROC (Joel Greenblatt) % was 22.73%. The lowest was 7.64%. And the median was 12.23%.
NSE:PATTECH's ROC (Joel Greenblatt) % is ranked better than 58.07% of 632
companies
in the Steel industry
Industry Median: 7.095
vs NSE:PATTECH: 9.48
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:PATTECH vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Pattech Fitwell Tube Components'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.
Pattech Fitwell Tube Components ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Pattech Fitwell Tube Components's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pattech Fitwell Tube Components'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 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 9.61% mean?
Pattech Fitwell Tube Components (NSE:PATTECH) has a ROC (Joel Greenblatt) % of 9.61% 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 Pattech Fitwell Tube Components and its competitors. This is 21% below median its historical median of 12.23. Over the past decade, Pattech Fitwell Tube Components' ROC (Joel Greenblatt) % has ranged from 7.64 to 22.73. According to the industry distribution chart, Pattech Fitwell Tube Components ranks #265 out of 632 companies in the Steel industry, placing it in the top 41.9%.
Is Pattech Fitwell Tube Components' ROC (Joel Greenblatt) % too high?
Pattech Fitwell Tube Components' current ROC (Joel Greenblatt) % of 9.61% is 21% below median its 10-year median of 12.23. Over the past 10 years, this metric has ranged from a low of 7.64 to a high of 22.73. The Steel industry median ROC (Joel Greenblatt) % is 7.10. Pattech Fitwell Tube Components' value of 9.61% is 35.4% above this industry median. Based on the distribution chart, Pattech Fitwell Tube Components ranks #265 out of 632 companies in the Steel industry, which is above the industry midpoint. Overall, Pattech Fitwell Tube Components has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pattech Fitwell Tube Components' ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Pattech Fitwell Tube Components ranks #265 out of 632 companies for ROC (Joel Greenblatt) %. This puts Pattech Fitwell Tube Components in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 7.10. Pattech Fitwell Tube Components' value of 9.61% is 35.4% above this benchmark. Historically, Pattech Fitwell Tube Components' own ROC (Joel Greenblatt) % has ranged from 7.64 to 22.73 over the past decade. While the company's 10-year median is 12.23 vs. the industry median of 7.10, Pattech Fitwell Tube Components 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 7.10, based on 632 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. Pattech Fitwell Tube Components's current ROC (Joel Greenblatt) % of 9.61% is 35.4% 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 Pattech Fitwell Tube Components and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pattech Fitwell Tube Components's current ROC (Joel Greenblatt) % is 9.61%, which is 21% below median its own 10-year median of 12.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pattech Fitwell Tube Components stock overvalued right now?
Based on GuruFocus' analysis, Pattech Fitwell Tube Components (NSE:PATTECH) is currently considered Fairly Valued. The stock's GF Value™ is ₹126.65, compared to a current price of ₹114.85 — trading 9.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 9.61%, which is 21% below median its 10-year median of 12.23 and 35.4% above the Steel industry median of 7.10. Pattech Fitwell Tube Components' overall GF Score™ is 87/100 with 6 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 Pattech Fitwell Tube Components (NSE:PATTECH), the current ROC (Joel Greenblatt) % is 9.61% 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 Pattech Fitwell Tube Components (NSE:PATTECH) Overvalued in 2026?
Based on GuruFocus' analysis, Pattech Fitwell Tube Components stock appears to be undervalued.
The current stock price of ₹114.85 is trading 9.3% below its estimated GF Value™ of ₹126.65.
GuruFocus considers Pattech Fitwell Tube Components to be Fairly Valued.
Key valuation signals for NSE:PATTECH:
ROC (Joel Greenblatt) %: 9.61% (21% below median its 10-year median of 12.23)
GF Value™: ₹126.65 vs. price of ₹114.85 (9.3% below fair value)
Industry Position: 35.4% above the Steel median (#265 of 632)
No single metric tells the full story. See the NSE:PATTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pattech Fitwell Tube Components Business Description
Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components, as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical and pharmaceutical, food processing, oil and gas, desalination and water treatment, shipbuilding, defense, fabrication of process equipment, and instrumentation.
87GF Score
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