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PPAP AutomotiveNSE:PPAP -5.00%70 ROC (Joel Greenblatt) % is 56.57% as of Mar. 2026, which is 631% above its 10-year median of 7.74. GuruFocus rates NSE:PPAP with a GF Score™ of 70/100 and a GF Value™ of ₹225.91 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,332 Vehicles & Parts companies, PPAP Automotive ranks better than 64.19% 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. PPAP Automotive's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 56.57%.
The historical rank and industry rank for PPAP Automotive's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:PPAP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.96 Med: 7.74 Max: 25.61
Current: 17.04
During the past 13 years, PPAP Automotive's highest ROC (Joel Greenblatt) % was 25.61%. The lowest was 1.96%. And the median was 7.74%.
NSE:PPAP's ROC (Joel Greenblatt) % is ranked better than 64.19% of 1332
companies
in the Vehicles & Parts industry
Industry Median: 11.97
vs NSE:PPAP: 17.04
PPAP Automotive's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 45.80% 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.
PPAP Automotive ROC (Joel Greenblatt) % Related Terms
PPAP Automotive ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for PPAP Automotive'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:PPAP vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, PPAP Automotive'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.
PPAP Automotive ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, PPAP Automotive's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PPAP Automotive'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 56.57% mean?
PPAP Automotive (NSE:PPAP) has a ROC (Joel Greenblatt) % of 56.57% 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 PPAP Automotive and its competitors. This is 631% above median its historical median of 7.74. Over the past decade, PPAP Automotive's ROC (Joel Greenblatt) % has ranged from 1.96 to 25.61. According to the industry distribution chart, PPAP Automotive ranks #477 out of 1332 companies in the Vehicles & Parts industry, placing it in the top 35.8%.
Is PPAP Automotive's ROC (Joel Greenblatt) % too high?
PPAP Automotive's current ROC (Joel Greenblatt) % of 56.57% is 631% above median its 10-year median of 7.74. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 25.61. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.97. PPAP Automotive's value of 56.57% is 372.6% above this industry median. Based on the distribution chart, PPAP Automotive ranks #477 out of 1332 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, PPAP Automotive has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PPAP Automotive's ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, PPAP Automotive ranks #477 out of 1332 companies for ROC (Joel Greenblatt) %. This puts PPAP Automotive in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.97. PPAP Automotive's value of 56.57% is 372.6% above this benchmark. Historically, PPAP Automotive's own ROC (Joel Greenblatt) % has ranged from 1.96 to 25.61 over the past decade. While the company's 10-year median is 7.74 vs. the industry median of 11.97, PPAP Automotive 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.97, based on 1,332 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. PPAP Automotive's current ROC (Joel Greenblatt) % of 56.57% is 372.6% 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 PPAP Automotive and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PPAP Automotive's current ROC (Joel Greenblatt) % is 56.57%, which is 631% above median its own 10-year median of 7.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PPAP Automotive stock overvalued right now?
Based on GuruFocus' analysis, PPAP Automotive (NSE:PPAP) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹225.91, compared to a current price of ₹296.52 — trading 31.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 56.57%, which is 631% above median its 10-year median of 7.74 and 372.6% above the Vehicles & Parts industry median of 11.97. PPAP Automotive's overall GF Score™ is 70/100 with 8 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 PPAP Automotive (NSE:PPAP), the current ROC (Joel Greenblatt) % is 56.57% 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 PPAP Automotive (NSE:PPAP) Overvalued in 2026?
Based on GuruFocus' analysis, PPAP Automotive stock appears to be overvalued.
The current stock price of ₹296.52 is trading 31.3% above its estimated GF Value™ of ₹225.91.
GuruFocus considers PPAP Automotive to be Modestly Overvalued.
Key valuation signals for NSE:PPAP:
ROC (Joel Greenblatt) %: 56.57% (631% above median its 10-year median of 7.74)
GF Value™: ₹225.91 vs. price of ₹296.52 (31.3% above fair value)
Industry Position: 372.6% above the Vehicles & Parts median (#477 of 1332)
No single metric tells the full story. See the NSE:PPAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PPAP Automotive Ltd is an Indian company specializing in the manufacturing of automotive sealing systems, interior and exterior automotive parts using plastic and rubber extrusion and plastic injection molding technologies. It serves many automotive OEMs in passenger vehicles, two-wheelers, and commercial vehicle segments. The company operates manufacturing facilities across key automotive hubs in India, including Noida, Surajpur, Chennai, Pathredi, and Viramgam. PPAP also develops high-precision plastic injection toolings and has expanded into lithium-ion battery pack solutions for electric two-wheelers and three-wheelers.
70GF Score
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