Ramco IndustriesNSE:RAMCOIND +2.90%77 ROC (Joel Greenblatt) % is 25.04% as of Mar. 2026, which is 56% above its 10-year median of 16.10. GuruFocus rates NSE:RAMCOIND with a GF Score™ of 77/100 and a GF Value™ of ₹257.92 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,776 Construction companies, Ramco Industries ranks better than 50.68% 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. Ramco Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.04%.
The historical rank and industry rank for Ramco Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:RAMCOIND'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.82 Med: 16.1 Max: 23.54
Current: 19.97
During the past 13 years, Ramco Industries's highest ROC (Joel Greenblatt) % was 23.54%. The lowest was 11.82%. And the median was 16.10%.
NSE:RAMCOIND's ROC (Joel Greenblatt) % is ranked better than 50.68% of 1776
companies
in the Construction industry
Industry Median: 19.375
vs NSE:RAMCOIND: 19.97
Ramco Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.20% 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.
Ramco Industries ROC (Joel Greenblatt) % Related Terms
Ramco Industries ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ramco 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:RAMCOIND vs TT, JCI, CARR: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, Ramco 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.
Ramco Industries ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Ramco Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ramco 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 25.04% mean?
Ramco Industries (NSE:RAMCOIND) has a ROC (Joel Greenblatt) % of 25.04% 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 Ramco Industries and its competitors. This is 56% above median its historical median of 16.10. Over the past decade, Ramco Industries' ROC (Joel Greenblatt) % has ranged from 11.82 to 23.54. According to the industry distribution chart, Ramco Industries ranks #876 out of 1776 companies in the Construction industry, placing it in the top 49.3%.
Is Ramco Industries' ROC (Joel Greenblatt) % too high?
Ramco Industries' current ROC (Joel Greenblatt) % of 25.04% is 56% above median its 10-year median of 16.10. Over the past 10 years, this metric has ranged from a low of 11.82 to a high of 23.54. The Construction industry median ROC (Joel Greenblatt) % is 19.38. Ramco Industries' value of 25.04% is 29.2% above this industry median. Based on the distribution chart, Ramco Industries ranks #876 out of 1776 companies in the Construction industry, which is above the industry midpoint. Overall, Ramco Industries has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ramco Industries' ROC (Joel Greenblatt) % compare to TT and JCI?
According to the Construction industry distribution chart, Ramco Industries ranks #876 out of 1776 companies for ROC (Joel Greenblatt) %. This puts Ramco Industries in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.38. Ramco Industries' value of 25.04% is 29.2% above this benchmark. Historically, Ramco Industries' own ROC (Joel Greenblatt) % has ranged from 11.82 to 23.54 over the past decade. While the company's 10-year median is 16.10 vs. the industry median of 19.38, Ramco 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.38, based on 1,776 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. Ramco Industries's current ROC (Joel Greenblatt) % of 25.04% is 29.2% 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 Ramco Industries and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramco Industries's current ROC (Joel Greenblatt) % is 25.04%, which is 56% above median its own 10-year median of 16.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramco Industries stock overvalued right now?
Based on GuruFocus' analysis, Ramco Industries (NSE:RAMCOIND) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹257.92, compared to a current price of ₹345.85 — trading 34.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 25.04%, which is 56% above median its 10-year median of 16.10 and 29.2% above the Construction industry median of 19.38. Ramco Industries' overall GF Score™ is 77/100 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 Ramco Industries (NSE:RAMCOIND), the current ROC (Joel Greenblatt) % is 25.04% 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 Ramco Industries (NSE:RAMCOIND) Overvalued in 2026?
Based on GuruFocus' analysis, Ramco Industries stock appears to be overvalued.
The current stock price of ₹345.85 is trading 34.1% above its estimated GF Value™ of ₹257.92.
GuruFocus considers Ramco Industries to be Significantly Overvalued.
Key valuation signals for NSE:RAMCOIND:
ROC (Joel Greenblatt) %: 25.04% (56% above median its 10-year median of 16.10)
GF Value™: ₹257.92 vs. price of ₹345.85 (34.1% above fair value)
Industry Position: 29.2% above the Construction median (#876 of 1776)
No single metric tells the full story. See the NSE:RAMCOIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ramco Industries Ltd produces fiber cement sheets and cotton yarn in India. The company is engaged in the manufacture of Fiber Cement (FC) sheets and Calcium Silicate Boards (CSBs). It operates through three segments namely building products, textiles, and wind power generation. The company generates maximum revenue from the building products segment. Geographically, it operates only in India.
77GF Score
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