Prakash PipesNSE:PPL -4.97%81 ROC (Joel Greenblatt) % is 32.14% as of Mar. 2026, which is 33% below its 10-year median of 47.72. GuruFocus rates NSE:PPL with a GF Score™ of 81/100 and a GF Value™ of ₹423.92 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,778 Construction companies, Prakash Pipes ranks better than 59.28% 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. Prakash Pipes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 32.14%.
The historical rank and industry rank for Prakash Pipes's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:PPL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 26.72 Med: 47.72 Max: 74.4
Current: 26.98
During the past 9 years, Prakash Pipes's highest ROC (Joel Greenblatt) % was 74.40%. The lowest was 26.72%. And the median was 47.72%.
NSE:PPL's ROC (Joel Greenblatt) % is ranked better than 59.28% of 1778
companies
in the Construction industry
Industry Median: 19.425
vs NSE:PPL: 26.98
Prakash Pipes's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.50% 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.
Prakash Pipes ROC (Joel Greenblatt) % Related Terms
Prakash Pipes ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Prakash Pipes'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:PPL vs TT, JCI, CARR: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, Prakash Pipes'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.
Prakash Pipes ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Prakash Pipes's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Prakash Pipes'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 32.14% mean?
Prakash Pipes (NSE:PPL) has a ROC (Joel Greenblatt) % of 32.14% 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 Prakash Pipes and its competitors. This is 33% below median its historical median of 47.72. Over the past decade, Prakash Pipes' ROC (Joel Greenblatt) % has ranged from 26.72 to 74.40. According to the industry distribution chart, Prakash Pipes ranks #724 out of 1778 companies in the Construction industry, placing it in the top 40.7%.
Is Prakash Pipes' ROC (Joel Greenblatt) % too high?
Prakash Pipes' current ROC (Joel Greenblatt) % of 32.14% is 33% below median its 10-year median of 47.72. Over the past 10 years, this metric has ranged from a low of 26.72 to a high of 74.40. The Construction industry median ROC (Joel Greenblatt) % is 19.43. Prakash Pipes' value of 32.14% is 65.5% above this industry median. Based on the distribution chart, Prakash Pipes ranks #724 out of 1778 companies in the Construction industry, which is above the industry midpoint. Overall, Prakash Pipes has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Prakash Pipes' ROC (Joel Greenblatt) % compare to TT and JCI?
According to the Construction industry distribution chart, Prakash Pipes ranks #724 out of 1778 companies for ROC (Joel Greenblatt) %. This puts Prakash Pipes in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.43. Prakash Pipes' value of 32.14% is 65.5% above this benchmark. Historically, Prakash Pipes' own ROC (Joel Greenblatt) % has ranged from 26.72 to 74.40 over the past decade. While the company's 10-year median is 47.72 vs. the industry median of 19.43, Prakash Pipes 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.43, based on 1,778 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. Prakash Pipes's current ROC (Joel Greenblatt) % of 32.14% is 65.5% 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 Prakash Pipes and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Prakash Pipes's current ROC (Joel Greenblatt) % is 32.14%, which is 33% below median its own 10-year median of 47.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prakash Pipes stock overvalued right now?
Based on GuruFocus' analysis, Prakash Pipes (NSE:PPL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹423.92, compared to a current price of ₹265.85 — trading 37.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 32.14%, which is 33% below median its 10-year median of 47.72 and 65.5% above the Construction industry median of 19.43. Prakash Pipes' overall GF Score™ is 81/100 with 7 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 Prakash Pipes (NSE:PPL), the current ROC (Joel Greenblatt) % is 32.14% 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 Prakash Pipes (NSE:PPL) Overvalued in 2026?
Based on GuruFocus' analysis, Prakash Pipes stock appears to be undervalued.
The current stock price of ₹265.85 is trading 37.3% below its estimated GF Value™ of ₹423.92.
GuruFocus considers Prakash Pipes to be Possible Value Trap.
Key valuation signals for NSE:PPL:
ROC (Joel Greenblatt) %: 32.14% (33% below median its 10-year median of 47.72)
GF Value™: ₹423.92 vs. price of ₹265.85 (37.3% below fair value)
Industry Position: 65.5% above the Construction median (#724 of 1778)
No single metric tells the full story. See the NSE:PPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Prakash Pipes Ltd is engaged in the manufacture of PVC pipes and fittings. It offers products such as Agri Pipes, Column Pipes, Plumbing Pipes, Casing Pipes, SWR Pipes, Garden Pipes, and their related Fittings. Its segments are PVC Pipe and fittings, and Flexible Packaging. It generates the majority of its revenue from PVC Pipe and fittings.
81GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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