Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Steel Authority Of IndiaNSE:SAIL -0.25%75 ROC (Joel Greenblatt) % is 13.42% as of Mar. 2026, which is 86% above its 10-year median of 7.21. GuruFocus rates NSE:SAIL with a GF Score™ of 75/100 and a GF Value™ of ₹142.55 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 632 Steel companies, Steel Authority Of India ranks better than 50.47% 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. Steel Authority Of India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.42%.
The historical rank and industry rank for Steel Authority Of India's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:SAIL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.74 Med: 7.21 Max: 22.82
Current: 7.27
During the past 13 years, Steel Authority Of India's highest ROC (Joel Greenblatt) % was 22.82%. The lowest was -2.74%. And the median was 7.21%.
NSE:SAIL's ROC (Joel Greenblatt) % is ranked better than 50.47% of 632
companies
in the Steel industry
Industry Median: 7.095
vs NSE:SAIL: 7.27
Steel Authority Of India's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -15.90% per year.
Steel Authority Of India (NSE:SAIL) ROC (Joel Greenblatt) % Explanation
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.
Steel Authority Of India ROC (Joel Greenblatt) % Related Terms
Steel Authority Of India ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Steel Authority Of India'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.
Steel Authority Of India ROC (Joel Greenblatt) % Chart
NSE:SAIL vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Steel Authority Of India'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.
Steel Authority Of India ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Authority Of India's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Steel Authority Of India's ROC (Joel Greenblatt) % falls into.
Steel Authority Of India ROC (Joel Greenblatt) % Calculation
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 13.42% mean?
Steel Authority Of India (NSE:SAIL) has a ROC (Joel Greenblatt) % of 13.42% 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 Steel Authority Of India and its competitors. This is 86% above median its historical median of 7.21. According to the industry distribution chart, Steel Authority Of India ranks #313 out of 632 companies in the Steel industry, placing it in the top 49.5%.
Is Steel Authority Of India's ROC (Joel Greenblatt) % too high?
Steel Authority Of India's current ROC (Joel Greenblatt) % of 13.42% is 86% above median its 10-year median of 7.21. The Steel industry median ROC (Joel Greenblatt) % is 7.10. Steel Authority Of India's value of 13.42% is 89.1% above this industry median. Based on the distribution chart, Steel Authority Of India ranks #313 out of 632 companies in the Steel industry, which is above the industry midpoint. Overall, Steel Authority Of India has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Authority Of India's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Steel Authority Of India ranks #313 out of 632 companies for ROC (Joel Greenblatt) %. This puts Steel Authority Of India in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 7.10. Steel Authority Of India's value of 13.42% is 89.1% above this benchmark. While the company's 10-year median is 7.21 vs. the industry median of 7.10, Steel Authority Of India 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. Steel Authority Of India's current ROC (Joel Greenblatt) % of 13.42% is 89.1% 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 Steel Authority Of India 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. Steel Authority Of India's current ROC (Joel Greenblatt) % is 13.42%, which is 86% above median its own 10-year median of 7.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Authority Of India stock overvalued right now?
Based on GuruFocus' analysis, Steel Authority Of India (NSE:SAIL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹142.55, compared to a current price of ₹162.64 — trading 14.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 13.42%, which is 86% above median its 10-year median of 7.21 and 89.1% above the Steel industry median of 7.10. Steel Authority Of India's overall GF Score™ is 75/100 with 3 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 Steel Authority Of India (NSE:SAIL), the current ROC (Joel Greenblatt) % is 13.42% 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 Steel Authority Of India (NSE:SAIL) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Authority Of India stock appears to be overvalued.
The current stock price of ₹162.64 is trading 14.1% above its estimated GF Value™ of ₹142.55.
GuruFocus considers Steel Authority Of India to be Modestly Overvalued.
Key valuation signals for NSE:SAIL:
ROC (Joel Greenblatt) %: 13.42% (86% above median its 10-year median of 7.21)
GF Value™: ₹142.55 vs. price of ₹162.64 (14.1% above fair value)
Industry Position: 89.1% above the Steel median (#313 of 632)
No single metric tells the full story. See the NSE:SAIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Authority Of India Ltd is a steelmaker. The company produces flat steel products (including plates, sheets, coils, and galvanized plain), long steel products (rails, structural, wire rods, and merchant products), electric-resistance-welded pipes, and silicon steel sheets. Flat and long products account for the majority of the company's sales. The company runs five integrated steel plants and three alloy steel plants. The segments of the company include BSP, DSP, RSP, BSL, ISP, ASP, SSP, VISL and Others. It generates maximum of its revenue from the Indian domestic market.
75GF Score
Get the complete analysis for NSE:SAIL
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:SAIL has been successfully added to your 
