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Salasar Techno EngineeringNSE:SALASAR -0.17%78 ROC (Joel Greenblatt) % is 5.39% as of Mar. 2026, which is 62% below its 10-year median of 14.29. GuruFocus rates NSE:SALASAR with a GF Score™ of 78/100 and a GF Value™ of ₹14.33 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 632 Steel companies, Salasar Techno Engineering ranks better than 61.87% 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. Salasar Techno Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.39%.
The historical rank and industry rank for Salasar Techno Engineering's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:SALASAR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10 Med: 14.29 Max: 23.35
Current: 10.5
During the past 13 years, Salasar Techno Engineering's highest ROC (Joel Greenblatt) % was 23.35%. The lowest was 10.00%. And the median was 14.29%.
NSE:SALASAR's ROC (Joel Greenblatt) % is ranked better than 61.87% of 632
companies
in the Steel industry
Industry Median: 7.14
vs NSE:SALASAR: 10.50
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.
* 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:SALASAR vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Salasar Techno Engineering'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.
Salasar Techno Engineering ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Salasar Techno Engineering's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Salasar Techno Engineering'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 5.39% mean?
Salasar Techno Engineering (NSE:SALASAR) has a ROC (Joel Greenblatt) % of 5.39% 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 Salasar Techno Engineering and its competitors. This is 62% below median its historical median of 14.29. Over the past decade, Salasar Techno Engineering's ROC (Joel Greenblatt) % has ranged from 10.00 to 23.35. According to the industry distribution chart, Salasar Techno Engineering ranks #241 out of 632 companies in the Steel industry, placing it in the top 38.1%.
Is Salasar Techno Engineering's ROC (Joel Greenblatt) % too high?
Salasar Techno Engineering's current ROC (Joel Greenblatt) % of 5.39% is 62% below median its 10-year median of 14.29. Over the past 10 years, this metric has ranged from a low of 10.00 to a high of 23.35. The Steel industry median ROC (Joel Greenblatt) % is 7.14. Salasar Techno Engineering's value of 5.39% is 24.5% below this industry median. Based on the distribution chart, Salasar Techno Engineering ranks #241 out of 632 companies in the Steel industry, which is above the industry midpoint. Overall, Salasar Techno Engineering has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Salasar Techno Engineering's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Salasar Techno Engineering ranks #241 out of 632 companies for ROC (Joel Greenblatt) %. This puts Salasar Techno Engineering in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 7.14. Salasar Techno Engineering's value of 5.39% is 24.5% below this benchmark. Historically, Salasar Techno Engineering's own ROC (Joel Greenblatt) % has ranged from 10.00 to 23.35 over the past decade. While the company's 10-year median is 14.29 vs. the industry median of 7.14, Salasar Techno Engineering has consistently been below 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 7.14, 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. Salasar Techno Engineering's current ROC (Joel Greenblatt) % of 5.39% is 24.5% below 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 Salasar Techno Engineering and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Salasar Techno Engineering's current ROC (Joel Greenblatt) % is 5.39%, which is 62% below median its own 10-year median of 14.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salasar Techno Engineering stock overvalued right now?
Based on GuruFocus' analysis, Salasar Techno Engineering (NSE:SALASAR) is currently considered Possible Value Trap. The stock's GF Value™ is ₹14.33, compared to a current price of ₹5.96 — trading 58.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 5.39%, which is 62% below median its 10-year median of 14.29 and 24.5% below the Steel industry median of 7.14. Salasar Techno Engineering's overall GF Score™ is 78/100 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 Salasar Techno Engineering (NSE:SALASAR), the current ROC (Joel Greenblatt) % is 5.39% 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 Salasar Techno Engineering (NSE:SALASAR) Overvalued in 2026?
Based on GuruFocus' analysis, Salasar Techno Engineering stock appears to be undervalued.
The current stock price of ₹5.96 is trading 58.4% below its estimated GF Value™ of ₹14.33.
GuruFocus considers Salasar Techno Engineering to be Possible Value Trap.
Key valuation signals for NSE:SALASAR:
ROC (Joel Greenblatt) %: 5.39% (62% below median its 10-year median of 14.29)
GF Value™: ₹14.33 vs. price of ₹5.96 (58.4% below fair value)
Industry Position: 24.5% below the Steel median (#241 of 632)
No single metric tells the full story. See the NSE:SALASAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Salasar Techno Engineering Ltd is engaged in the business of manufacturing and sale of Galvanized Steel Structure including Telecom Towers, Transmission Line Towers and Solar Panels. The Company is also engaged in execution of Engineering, Procurement and Construction projects (EPC) for survey, supply of materials, design, erection, testing & commissioning on a turnkey basis. The Business is divided in two segments i.e. Steel Structure segment and Engineering procurement & construction segment. The company generates maximum revenue from Steel Segment.
78GF Score
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