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Prakash IndustriesNSE:PRAKASH -1.66%80 ROC (Joel Greenblatt) % is 11.59% as of Mar. 2026, which is 34% above its 10-year median of 8.68. GuruFocus rates NSE:PRAKASH with a GF Score™ of 80/100 and a GF Value™ of ₹144.33 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 632 Steel companies, Prakash Industries ranks better than 61.23% 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 Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.59%.
The historical rank and industry rank for Prakash Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:PRAKASH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.16 Med: 8.68 Max: 19.7
Current: 10.39
During the past 13 years, Prakash Industries's highest ROC (Joel Greenblatt) % was 19.70%. The lowest was 5.16%. And the median was 8.68%.
NSE:PRAKASH's ROC (Joel Greenblatt) % is ranked better than 61.23% of 632
companies
in the Steel industry
Industry Median: 7.095
vs NSE:PRAKASH: 10.39
Prakash Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 15.60% 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 Industries ROC (Joel Greenblatt) % Related Terms
Prakash Industries ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Prakash Industries'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:PRAKASH vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Prakash Industries'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 Industries ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Prakash Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Prakash Industries'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 11.59% mean?
Prakash Industries (NSE:PRAKASH) has a ROC (Joel Greenblatt) % of 11.59% 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 Industries and its competitors. This is 34% above median its historical median of 8.68. Over the past decade, Prakash Industries' ROC (Joel Greenblatt) % has ranged from 5.16 to 19.70. According to the industry distribution chart, Prakash Industries ranks #245 out of 632 companies in the Steel industry, placing it in the top 38.8%.
Is Prakash Industries' ROC (Joel Greenblatt) % too high?
Prakash Industries' current ROC (Joel Greenblatt) % of 11.59% is 34% above median its 10-year median of 8.68. Over the past 10 years, this metric has ranged from a low of 5.16 to a high of 19.70. The Steel industry median ROC (Joel Greenblatt) % is 7.10. Prakash Industries' value of 11.59% is 63.4% above this industry median. Based on the distribution chart, Prakash Industries ranks #245 out of 632 companies in the Steel industry, which is above the industry midpoint. Overall, Prakash Industries has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Prakash Industries' ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Prakash Industries ranks #245 out of 632 companies for ROC (Joel Greenblatt) %. This puts Prakash Industries in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 7.10. Prakash Industries' value of 11.59% is 63.4% above this benchmark. Historically, Prakash Industries' own ROC (Joel Greenblatt) % has ranged from 5.16 to 19.70 over the past decade. While the company's 10-year median is 8.68 vs. the industry median of 7.10, Prakash Industries 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. Prakash Industries's current ROC (Joel Greenblatt) % of 11.59% is 63.4% 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 Prakash Industries 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. Prakash Industries's current ROC (Joel Greenblatt) % is 11.59%, which is 34% above median its own 10-year median of 8.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prakash Industries stock overvalued right now?
Based on GuruFocus' analysis, Prakash Industries (NSE:PRAKASH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹144.33, compared to a current price of ₹124.05 — trading 14.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.59%, which is 34% above median its 10-year median of 8.68 and 63.4% above the Steel industry median of 7.10. Prakash Industries' overall GF Score™ is 80/100 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 Prakash Industries (NSE:PRAKASH), the current ROC (Joel Greenblatt) % is 11.59% 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 Industries (NSE:PRAKASH) Overvalued in 2026?
Based on GuruFocus' analysis, Prakash Industries stock appears to be undervalued.
The current stock price of ₹124.05 is trading 14.1% below its estimated GF Value™ of ₹144.33.
GuruFocus considers Prakash Industries to be Modestly Undervalued.
Key valuation signals for NSE:PRAKASH:
ROC (Joel Greenblatt) %: 11.59% (34% above median its 10-year median of 8.68)
GF Value™: ₹144.33 vs. price of ₹124.05 (14.1% below fair value)
Industry Position: 63.4% above the Steel median (#245 of 632)
No single metric tells the full story. See the NSE:PRAKASH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Prakash Industries Ltd is an integrated steel and power company, specializing in the manufacturing and sale of high-quality iron and steel products such as sponge iron, wire rods, TMT bars, and ferroalloys. The company operates an integrated steel plant in Chhattisgarh, utilizing cutting-edge coal-based sponge iron production techniques. Additionally, the company has forward integration with facilities producing value-added steel products and operates a captive power generation plant, making it self-reliant in energy needs. Focused on innovation, cost efficiency, and sustainable growth, the company delivers competitive products while expanding its footprint across India's steel and power sectors.
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