Shivalic Power ControlNSE:SPCL +0.44%54 ROC (Joel Greenblatt) % is 18.14% as of Mar. 2026, which is 3% below its 10-year median of 18.78. GuruFocus rates NSE:SPCL with a GF Score™ of 54/100. The stock has 5 warning signs investors should review. Among 3,063 Industrial Products companies, Shivalic Power Control ranks better than 59.45% 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. Shivalic Power Control's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.14%.
The historical rank and industry rank for Shivalic Power Control's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:SPCL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.89 Med: 18.78 Max: 30.19
Current: 16.2
During the past 6 years, Shivalic Power Control's highest ROC (Joel Greenblatt) % was 30.19%. The lowest was 8.89%. And the median was 18.78%.
NSE:SPCL's ROC (Joel Greenblatt) % is ranked better than 59.45% of 3063
companies
in the Industrial Products industry
Industry Median: 11.69
vs NSE:SPCL: 16.20
Shivalic Power Control's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 16.60% per year.
Shivalic Power Control (NSE:SPCL) 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.
Shivalic Power Control ROC (Joel Greenblatt) % Related Terms
Shivalic Power Control ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Shivalic Power Control'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.
Shivalic Power Control ROC (Joel Greenblatt) % Chart
NSE:SPCL vs VRT, BE: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, Shivalic Power Control'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.
Shivalic Power Control ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shivalic Power Control's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shivalic Power Control's ROC (Joel Greenblatt) % falls into.
Shivalic Power Control 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 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 18.14% mean?
Shivalic Power Control (NSE:SPCL) has a ROC (Joel Greenblatt) % of 18.14% 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 Shivalic Power Control and its competitors. This is near median its historical median of 18.78. Over the past decade, Shivalic Power Control's ROC (Joel Greenblatt) % has ranged from 8.89 to 30.19. According to the industry distribution chart, Shivalic Power Control ranks #1242 out of 3063 companies in the Industrial Products industry, placing it in the top 40.5%.
Is Shivalic Power Control's ROC (Joel Greenblatt) % too high?
Shivalic Power Control's current ROC (Joel Greenblatt) % of 18.14% is near median its 10-year median of 18.78. Over the past 10 years, this metric has ranged from a low of 8.89 to a high of 30.19. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.69. Shivalic Power Control's value of 18.14% is 55.2% above this industry median. Based on the distribution chart, Shivalic Power Control ranks #1242 out of 3063 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Shivalic Power Control has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Shivalic Power Control's ROC (Joel Greenblatt) % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Shivalic Power Control ranks #1242 out of 3063 companies for ROC (Joel Greenblatt) %. This puts Shivalic Power Control in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.69. Shivalic Power Control's value of 18.14% is 55.2% above this benchmark. Historically, Shivalic Power Control's own ROC (Joel Greenblatt) % has ranged from 8.89 to 30.19 over the past decade. While the company's 10-year median is 18.78 vs. the industry median of 11.69, Shivalic Power Control 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.69, based on 3,063 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. Shivalic Power Control's current ROC (Joel Greenblatt) % of 18.14% is 55.2% 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 Shivalic Power Control and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shivalic Power Control's current ROC (Joel Greenblatt) % is 18.14%, which is near median its own 10-year median of 18.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shivalic Power Control stock overvalued right now?
Shivalic Power Control (NSE:SPCL) has a current ROC (Joel Greenblatt) % of 18.14%. The current ROC (Joel Greenblatt) % is 18.14%, which is near median its 10-year median of 18.78 and 55.2% above the Industrial Products industry median of 11.69. Shivalic Power Control's overall GF Score™ is 54/100 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 Shivalic Power Control (NSE:SPCL), the current ROC (Joel Greenblatt) % is 18.14% 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.
Shivalic Power Control Ltd is an ISO-certified LT and HT electric panel manufacturer. It is a technology-driven company with focus on quality, design and product development, which has allowed the company to develop products suited to its customers' requirements. The company has a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD , Power Distribution Boards, Bus Duct and LT & HT APFC Panels.
54GF Score
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