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United SpiritsNSE:UNITDSPR +1.39%90 ROC (Joel Greenblatt) % is 37.50% as of Jun. 2026, which is 6% below its 10-year median of 40.01. GuruFocus rates NSE:UNITDSPR with a GF Score™ of 90/100 and a GF Value™ of ₹1,442.90 (Fairly Valued). The stock has 2 warning signs investors should review. Among 211 Beverages - Alcoholic companies, United Spirits ranks better than 90.05% 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. United Spirits's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 37.50%.
The historical rank and industry rank for United Spirits's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:UNITDSPR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.82 Med: 40.01 Max: 74.05
Current: 68.72
During the past 13 years, United Spirits's highest ROC (Joel Greenblatt) % was 74.05%. The lowest was 11.82%. And the median was 40.01%.
NSE:UNITDSPR's ROC (Joel Greenblatt) % is ranked better than 90.05% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 12.3
vs NSE:UNITDSPR: 68.72
United Spirits's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 24.60% per year.
United Spirits (NSE:UNITDSPR) 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.
United Spirits ROC (Joel Greenblatt) % Related Terms
United Spirits ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for United Spirits'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:UNITDSPR vs BF.B: ROC (Joel Greenblatt) % Comparison
For the Beverages - Wineries & Distilleries subindustry, United Spirits'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.
United Spirits ROC (Joel Greenblatt) % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, United Spirits's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where United Spirits's ROC (Joel Greenblatt) % falls into.
United Spirits 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 four times the quarterly (Jun. 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 37.50% mean?
United Spirits (NSE:UNITDSPR) has a ROC (Joel Greenblatt) % of 37.50% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on United Spirits and its competitors. This is near median its historical median of 40.01. Over the past decade, United Spirits' ROC (Joel Greenblatt) % has ranged from 11.82 to 74.05. According to the industry distribution chart, United Spirits ranks #21 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 10%.
Is United Spirits' ROC (Joel Greenblatt) % too high?
United Spirits' current ROC (Joel Greenblatt) % of 37.50% is near median its 10-year median of 40.01. Over the past 10 years, this metric has ranged from a low of 11.82 to a high of 74.05. The Beverages - Alcoholic industry median ROC (Joel Greenblatt) % is 12.30. United Spirits' value of 37.50% is 204.9% above this industry median. Based on the distribution chart, United Spirits ranks #21 out of 211 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, United Spirits has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Spirits' ROC (Joel Greenblatt) % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, United Spirits ranks #21 out of 211 companies for ROC (Joel Greenblatt) %. This places United Spirits in the top 10% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.30. United Spirits' value of 37.50% is 204.9% above this benchmark. Historically, United Spirits' own ROC (Joel Greenblatt) % has ranged from 11.82 to 74.05 over the past decade. While the company's 10-year median is 40.01 vs. the industry median of 12.30, United Spirits 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 Beverages - Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Alcoholic companies is 12.30, based on 211 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. United Spirits's current ROC (Joel Greenblatt) % of 37.50% is 204.9% 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 United Spirits and its competitors. For the Beverages - Alcoholic industry, the median ROC (Joel Greenblatt) % is 12.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Spirits's current ROC (Joel Greenblatt) % is 37.50%, which is near median its own 10-year median of 40.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Spirits stock overvalued right now?
Based on GuruFocus' analysis, United Spirits (NSE:UNITDSPR) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,442.90, compared to a current price of ₹1,536.00 — trading 6.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 37.50%, which is near median its 10-year median of 40.01 and 204.9% above the Beverages - Alcoholic industry median of 12.30. United Spirits' overall GF Score™ is 90/100 with 2 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 United Spirits (NSE:UNITDSPR), the current ROC (Joel Greenblatt) % is 37.50% as of Jun. 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 United Spirits (NSE:UNITDSPR) Overvalued in 2026?
Based on GuruFocus' analysis, United Spirits stock appears to be overvalued.
The current stock price of ₹1,536.00 is trading 6.5% above its estimated GF Value™ of ₹1,442.90.
GuruFocus considers United Spirits to be Fairly Valued.
Key valuation signals for NSE:UNITDSPR:
ROC (Joel Greenblatt) %: 37.50% (near median its 10-year median of 40.01)
GF Value™: ₹1,442.90 vs. price of ₹1,536.00 (6.5% above fair value)
Industry Position: 204.9% above the Beverages - Alcoholic median (#21 of 211)
No single metric tells the full story. See the NSE:UNITDSPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Spirits Ltd manufactures and sells spirits, beer, wine, and other alcoholic beverages. The company is engaged in the business of manufacture, purchase, and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and strategic franchising of some of its brands. Its brand portfolio consists of McDowell's No.1, Royal Challenge, Black Dog, Signature, Antiquity, Director's Special Black, McDowell's Rum, McDowell's Brandy, Bagpiper, Old Tavern, and Haywards among others. Geographically, the firm generates a majority of its revenue from India. The company's segment includes: Beverage alcohol; and Sports. It derives maximum revenue from Beverage alcohol that manufacture, purchase, franchise and sale of beverage alcohol and other allied spirits.
90GF Score
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