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Shilpa MedicareNSE:SHILPAMED +0.43%76 ROC (Joel Greenblatt) % is 24.90% as of Mar. 2026, which is 93% above its 10-year median of 12.90. GuruFocus rates NSE:SHILPAMED with a GF Score™ of 76/100 and a GF Value™ of ₹388.40 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 982 Drug Manufacturers companies, Shilpa Medicare ranks better than 57.84% 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. Shilpa Medicare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.90%.
The historical rank and industry rank for Shilpa Medicare's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:SHILPAMED'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.87 Med: 12.9 Max: 20.72
Current: 15.69
During the past 13 years, Shilpa Medicare's highest ROC (Joel Greenblatt) % was 20.72%. The lowest was 0.87%. And the median was 12.90%.
NSE:SHILPAMED's ROC (Joel Greenblatt) % is ranked better than 57.84% of 982
companies
in the Drug Manufacturers industry
Industry Median: 11.45
vs NSE:SHILPAMED: 15.69
Shilpa Medicare's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 14.10% 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.
Shilpa Medicare ROC (Joel Greenblatt) % Related Terms
Shilpa Medicare ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Shilpa Medicare'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:SHILPAMED vs ZTS, UTHR: ROC (Joel Greenblatt) % Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Shilpa Medicare'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.
Shilpa Medicare ROC (Joel Greenblatt) % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Shilpa Medicare's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shilpa Medicare'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 24.90% mean?
Shilpa Medicare (NSE:SHILPAMED) has a ROC (Joel Greenblatt) % of 24.90% 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 Shilpa Medicare and its competitors. This is 93% above median its historical median of 12.90. Over the past decade, Shilpa Medicare's ROC (Joel Greenblatt) % has ranged from 0.87 to 20.72. According to the industry distribution chart, Shilpa Medicare ranks #414 out of 982 companies in the Drug Manufacturers industry, placing it in the top 42.2%.
Is Shilpa Medicare's ROC (Joel Greenblatt) % too high?
Shilpa Medicare's current ROC (Joel Greenblatt) % of 24.90% is 93% above median its 10-year median of 12.90. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 20.72. The Drug Manufacturers industry median ROC (Joel Greenblatt) % is 11.45. Shilpa Medicare's value of 24.90% is 117.5% above this industry median. Based on the distribution chart, Shilpa Medicare ranks #414 out of 982 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Shilpa Medicare has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shilpa Medicare's ROC (Joel Greenblatt) % compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Shilpa Medicare ranks #414 out of 982 companies for ROC (Joel Greenblatt) %. This puts Shilpa Medicare in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.45. Shilpa Medicare's value of 24.90% is 117.5% above this benchmark. Historically, Shilpa Medicare's own ROC (Joel Greenblatt) % has ranged from 0.87 to 20.72 over the past decade. While the company's 10-year median is 12.90 vs. the industry median of 11.45, Shilpa Medicare 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 Drug Manufacturers company?
The median ROC (Joel Greenblatt) % among Drug Manufacturers companies is 11.45, based on 982 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. Shilpa Medicare's current ROC (Joel Greenblatt) % of 24.90% is 117.5% 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 Shilpa Medicare and its competitors. For the Drug Manufacturers industry, the median ROC (Joel Greenblatt) % is 11.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shilpa Medicare's current ROC (Joel Greenblatt) % is 24.90%, which is 93% above median its own 10-year median of 12.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shilpa Medicare stock overvalued right now?
Based on GuruFocus' analysis, Shilpa Medicare (NSE:SHILPAMED) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹388.40, compared to a current price of ₹606.20 — trading 56.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 24.90%, which is 93% above median its 10-year median of 12.90 and 117.5% above the Drug Manufacturers industry median of 11.45. Shilpa Medicare's overall GF Score™ is 76/100 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 Shilpa Medicare (NSE:SHILPAMED), the current ROC (Joel Greenblatt) % is 24.90% 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 Shilpa Medicare (NSE:SHILPAMED) Overvalued in 2026?
Based on GuruFocus' analysis, Shilpa Medicare stock appears to be overvalued.
The current stock price of ₹606.20 is trading 56.1% above its estimated GF Value™ of ₹388.40.
GuruFocus considers Shilpa Medicare to be Significantly Overvalued.
Key valuation signals for NSE:SHILPAMED:
ROC (Joel Greenblatt) %: 24.90% (93% above median its 10-year median of 12.90)
GF Value™: ₹388.40 vs. price of ₹606.20 (56.1% above fair value)
Industry Position: 117.5% above the Drug Manufacturers median (#414 of 982)
No single metric tells the full story. See the NSE:SHILPAMED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shilpa Medicare Ltd is a specialty and generic drug manufacturer. The company deals in high-quality Active Pharmaceutical Ingredients (APIs), Intermediates, Formulations, New Drug Delivery Systems, Peptides, Biotech products, and Specialty Chemicals etc. Its portfolio comprises various oncology and non-oncology-related APIs such as anastrozole, acebrophylline, busulphan, decitabine, etc, and finished dosage formulations such as apremilast tablets, clofarabine injection, docetaxel injection, etc., in various therapy areas. Its reporting segments are: Pharmaceutical product and services, which derive maximum revenue, Power sales, and Others. Geographically, the company generates maximum revenue from India, followed by Europe, the United States of America, and the Rest of the world.
76GF Score
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