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.
Shri TechtexNSE:SHRITECH +2.52%68 ROC (Joel Greenblatt) % is 43.02% as of Mar. 2026, which is 51% above its 10-year median of 28.48. GuruFocus rates NSE:SHRITECH with a GF Score™ of 68/100 and a GF Value™ of ₹78.58 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,063 Manufacturing - Apparel & Accessories companies, Shri Techtex ranks better than 86.92% 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. Shri Techtex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 43.02%.
The historical rank and industry rank for Shri Techtex's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:SHRITECH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.79 Med: 28.48 Max: 68.22
Current: 31.8
During the past 7 years, Shri Techtex's highest ROC (Joel Greenblatt) % was 68.22%. The lowest was 22.79%. And the median was 28.48%.
NSE:SHRITECH's ROC (Joel Greenblatt) % is ranked better than 86.92% of 1063
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.55
vs NSE:SHRITECH: 31.80
Shri Techtex's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.40% 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.
Shri Techtex ROC (Joel Greenblatt) % Related Terms
Shri Techtex ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Shri Techtex'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.
For the Textile Manufacturing subindustry, Shri Techtex'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.
Shri Techtex ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shri Techtex's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shri Techtex'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 two times the semi-annual (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 43.02% mean?
Shri Techtex (NSE:SHRITECH) has a ROC (Joel Greenblatt) % of 43.02% 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 Shri Techtex and its competitors. This is 51% above median its historical median of 28.48. Over the past decade, Shri Techtex's ROC (Joel Greenblatt) % has ranged from 22.79 to 68.22. According to the industry distribution chart, Shri Techtex ranks #139 out of 1063 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 13.1%.
Is Shri Techtex's ROC (Joel Greenblatt) % too high?
Shri Techtex's current ROC (Joel Greenblatt) % of 43.02% is 51% above median its 10-year median of 28.48. Over the past 10 years, this metric has ranged from a low of 22.79 to a high of 68.22. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.55. Shri Techtex's value of 43.02% is 403.2% above this industry median. Based on the distribution chart, Shri Techtex ranks #139 out of 1063 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Shri Techtex has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shri Techtex's ROC (Joel Greenblatt) % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shri Techtex ranks #139 out of 1063 companies for ROC (Joel Greenblatt) %. This places Shri Techtex in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.55. Shri Techtex's value of 43.02% is 403.2% above this benchmark. Historically, Shri Techtex's own ROC (Joel Greenblatt) % has ranged from 22.79 to 68.22 over the past decade. While the company's 10-year median is 28.48 vs. the industry median of 8.55, Shri Techtex 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.55, based on 1,063 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. Shri Techtex's current ROC (Joel Greenblatt) % of 43.02% is 403.2% 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 Shri Techtex and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Techtex's current ROC (Joel Greenblatt) % is 43.02%, which is 51% above median its own 10-year median of 28.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Techtex stock overvalued right now?
Based on GuruFocus' analysis, Shri Techtex (NSE:SHRITECH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹78.58, compared to a current price of ₹62.95 — trading 19.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 43.02%, which is 51% above median its 10-year median of 28.48 and 403.2% above the Manufacturing - Apparel & Accessories industry median of 8.55. Shri Techtex's overall GF Score™ is 68/100 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 Shri Techtex (NSE:SHRITECH), the current ROC (Joel Greenblatt) % is 43.02% 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 Shri Techtex (NSE:SHRITECH) Overvalued in 2026?
Based on GuruFocus' analysis, Shri Techtex stock appears to be undervalued.
The current stock price of ₹62.95 is trading 19.9% below its estimated GF Value™ of ₹78.58.
GuruFocus considers Shri Techtex to be Modestly Undervalued.
Key valuation signals for NSE:SHRITECH:
ROC (Joel Greenblatt) %: 43.02% (51% above median its 10-year median of 28.48)
GF Value™: ₹78.58 vs. price of ₹62.95 (19.9% below fair value)
Industry Position: 403.2% above the Manufacturing - Apparel & Accessories median (#139 of 1063)
No single metric tells the full story. See the NSE:SHRITECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shri Techtex Ltd is engaged in the business of manufacturing of technical textile. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single-use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. The company manufactures PP non-woven fabric in a variety of sizes and densities.
68GF Score
Get the complete analysis for NSE:SHRITECH
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:SHRITECH has been successfully added to your 
