Studds Accessories (NSE:STUDDS) ROC (Joel Greenblatt) %: 26.65% (As of Mar. 2026) — 16% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSE:STUDDS Studds Accessories Ltd NSE:STUDDS
19 GF Score
Price ₹451.25
! 1 Warning Sign
View Full Analysis

What is Studds Accessories ROC (Joel Greenblatt) %?

Studds Accessories NSE:STUDDS -1.10% 19 ROC (Joel Greenblatt) % is 26.65% as of Mar. 2026, which is 16% above its 10-year median of 22.91. GuruFocus rates NSE:STUDDS with a GF Score™ of 19/100. The stock has 1 warning sign investors should review. Among 1,332 Vehicles & Parts companies, Studds Accessories ranks better than 72.3% 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. Studds Accessories's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.65%.

The historical rank and industry rank for Studds Accessories's ROC (Joel Greenblatt) % or its related term are showing as below:

NSE:STUDDS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.18   Med: 22.91   Max: 27.01
Current: 21.01

During the past 5 years, Studds Accessories's highest ROC (Joel Greenblatt) % was 27.01%. The lowest was 13.18%. And the median was 22.91%.

NSE:STUDDS's ROC (Joel Greenblatt) % is ranked better than
72.3% of 1332 companies
in the Vehicles & Parts industry
Industry Median: 12.02 vs NSE:STUDDS: 21.01

Studds Accessories's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Studds Accessories  (NSE:STUDDS) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Studds Accessories ROC (Joel Greenblatt) % Related Terms


Studds Accessories ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Studds Accessories'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.

Studds Accessories ROC (Joel Greenblatt) % Chart

Studds Accessories Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
13.18 15.05 22.91 25.70 27.01

Studds Accessories Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Jun25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only 25.20 27.55 29.17 28.41 26.65

NSE:STUDDS vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison

For the Auto Parts subindustry, Studds Accessories'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.


Studds Accessories ROC (Joel Greenblatt) % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Studds Accessories's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Studds Accessories's ROC (Joel Greenblatt) % falls into.


NSE:STUDDS
19GF Score
Studds Accessories Ltd NSE:STUDDS
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Studds Accessories 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(418.85 + 750.23 + 158.93) - (524.86 + 0 + 263.94)
=539.21

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Studds Accessories for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1165.64/( ( (0 + max(0, 0)) + (3833.97 + max(539.21, 0)) )/ 1 )
=1165.64/( ( 0 + 4373.18 )/ 1 )
=1165.64/4373.18
=26.65 %

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 26.65% mean?
Studds Accessories (NSE:STUDDS) has a ROC (Joel Greenblatt) % of 26.65% 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 Studds Accessories and its competitors. This is 16% above median its historical median of 22.91. Over the past decade, Studds Accessories' ROC (Joel Greenblatt) % has ranged from 13.18 to 27.01. According to the industry distribution chart, Studds Accessories ranks #369 out of 1332 companies in the Vehicles & Parts industry, placing it in the top 27.7%.
Is Studds Accessories' ROC (Joel Greenblatt) % too high?
Studds Accessories' current ROC (Joel Greenblatt) % of 26.65% is 16% above median its 10-year median of 22.91. Over the past 10 years, this metric has ranged from a low of 13.18 to a high of 27.01. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.02. Studds Accessories' value of 26.65% is 121.7% above this industry median. Based on the distribution chart, Studds Accessories ranks #369 out of 1332 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Studds Accessories has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Studds Accessories' ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Studds Accessories ranks #369 out of 1332 companies for ROC (Joel Greenblatt) %. This puts Studds Accessories in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.02. Studds Accessories' value of 26.65% is 121.7% above this benchmark. Historically, Studds Accessories' own ROC (Joel Greenblatt) % has ranged from 13.18 to 27.01 over the past decade. While the company's 10-year median is 22.91 vs. the industry median of 12.02, Studds Accessories 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.02, based on 1,332 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. Studds Accessories's current ROC (Joel Greenblatt) % of 26.65% is 121.7% 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 Studds Accessories and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Studds Accessories's current ROC (Joel Greenblatt) % is 26.65%, which is 16% above median its own 10-year median of 22.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Studds Accessories stock overvalued right now?
Studds Accessories (NSE:STUDDS) has a current ROC (Joel Greenblatt) % of 26.65%. The current ROC (Joel Greenblatt) % is 26.65%, which is 16% above median its 10-year median of 22.91 and 121.7% above the Vehicles & Parts industry median of 12.02. Studds Accessories' overall GF Score™ is 19/100 with 1 warning sign 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 Studds Accessories (NSE:STUDDS), the current ROC (Joel Greenblatt) % is 26.65% 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.

Studds Accessories Business Description

Other Exchanges 544599:India
Address Plot No. 918, Sector 68, IMT, Faridabad, HR, IND, 121 004
Studds Accessories Ltd is engaged in the manufacturing and sale of helmets and two-wheeler accessories. It markets helmets under the Studds and SMK brands, while accessories such as luggage, gloves, helmet locks, rain suits, riding jackets, and eyewear are marketed under the Studds brand. Its key export markets include the Americas, Asia, Europe, and the rest of the world. The company generates the majority of its revenue from two-wheeler helmets within India.
19GF Score

Get the complete analysis for NSE:STUDDS

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹451.25
Price