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Venus Pipes & TubesNSE:VENUSPIPES -5.75%97 ROC (Joel Greenblatt) % is 20.23% as of Mar. 2026, which is 17% below its 10-year median of 24.31. GuruFocus rates NSE:VENUSPIPES with a GF Score™ of 97/100 and a GF Value™ of ₹2,303.71 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 632 Steel companies, Venus Pipes & Tubes ranks better than 84.81% 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. Venus Pipes & Tubes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.23%.
The historical rank and industry rank for Venus Pipes & Tubes's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:VENUSPIPES'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.26 Med: 24.31 Max: 55.18
Current: 22.02
During the past 8 years, Venus Pipes & Tubes's highest ROC (Joel Greenblatt) % was 55.18%. The lowest was 18.26%. And the median was 24.31%.
NSE:VENUSPIPES's ROC (Joel Greenblatt) % is ranked better than 84.81% of 632
companies
in the Steel industry
Industry Median: 7.095
vs NSE:VENUSPIPES: 22.02
Venus Pipes & Tubes's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -14.60% 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.
Venus Pipes & Tubes ROC (Joel Greenblatt) % Related Terms
Venus Pipes & Tubes ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Venus Pipes & Tubes'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:VENUSPIPES vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Venus Pipes & Tubes'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.
Venus Pipes & Tubes ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Venus Pipes & Tubes's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Venus Pipes & Tubes'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 20.23% mean?
Venus Pipes & Tubes (NSE:VENUSPIPES) has a ROC (Joel Greenblatt) % of 20.23% 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 Venus Pipes & Tubes and its competitors. This is 17% below median its historical median of 24.31. Over the past decade, Venus Pipes & Tubes' ROC (Joel Greenblatt) % has ranged from 18.26 to 55.18. According to the industry distribution chart, Venus Pipes & Tubes ranks #96 out of 632 companies in the Steel industry, placing it in the top 15.2%.
Is Venus Pipes & Tubes' ROC (Joel Greenblatt) % too high?
Venus Pipes & Tubes' current ROC (Joel Greenblatt) % of 20.23% is 17% below median its 10-year median of 24.31. Over the past 10 years, this metric has ranged from a low of 18.26 to a high of 55.18. The Steel industry median ROC (Joel Greenblatt) % is 7.10. Venus Pipes & Tubes' value of 20.23% is 185.1% above this industry median. Based on the distribution chart, Venus Pipes & Tubes ranks #96 out of 632 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Venus Pipes & Tubes has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Venus Pipes & Tubes' ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Venus Pipes & Tubes ranks #96 out of 632 companies for ROC (Joel Greenblatt) %. This places Venus Pipes & Tubes in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.10. Venus Pipes & Tubes' value of 20.23% is 185.1% above this benchmark. Historically, Venus Pipes & Tubes' own ROC (Joel Greenblatt) % has ranged from 18.26 to 55.18 over the past decade. While the company's 10-year median is 24.31 vs. the industry median of 7.10, Venus Pipes & Tubes 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.10, based on 632 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. Venus Pipes & Tubes's current ROC (Joel Greenblatt) % of 20.23% is 185.1% 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 Venus Pipes & Tubes and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Venus Pipes & Tubes's current ROC (Joel Greenblatt) % is 20.23%, which is 17% below median its own 10-year median of 24.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Venus Pipes & Tubes stock overvalued right now?
Based on GuruFocus' analysis, Venus Pipes & Tubes (NSE:VENUSPIPES) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,303.71, compared to a current price of ₹1,708.80 — trading 25.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 20.23%, which is 17% below median its 10-year median of 24.31 and 185.1% above the Steel industry median of 7.10. Venus Pipes & Tubes' overall GF Score™ is 97/100 with 7 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 Venus Pipes & Tubes (NSE:VENUSPIPES), the current ROC (Joel Greenblatt) % is 20.23% 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 Venus Pipes & Tubes (NSE:VENUSPIPES) Overvalued in 2026?
Based on GuruFocus' analysis, Venus Pipes & Tubes stock appears to be undervalued.
The current stock price of ₹1,708.80 is trading 25.8% below its estimated GF Value™ of ₹2,303.71.
GuruFocus considers Venus Pipes & Tubes to be Modestly Undervalued.
Key valuation signals for NSE:VENUSPIPES:
ROC (Joel Greenblatt) %: 20.23% (17% below median its 10-year median of 24.31)
GF Value™: ₹2,303.71 vs. price of ₹1,708.80 (25.8% below fair value)
Industry Position: 185.1% above the Steel median (#96 of 632)
No single metric tells the full story. See the NSE:VENUSPIPES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Venus Pipes & Tubes Ltd is a manufacturer and exporter of stainless steel pipes and tubes. It manufactures stainless steel tube products in two broad categories, namely seamless tubes/pipes and welded tubes/pipes, under which five categories of products are manufactured, namely, stainless steel high precision and heat exchanger tubes, stainless steel hydraulic and instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes, and stainless steel lsaw pipes. The company distributes its products through direct supply, traders, stockists, and selected marketing representatives. Geographically, it derives a majority of its revenue from India and also engages in exporting its products to other countries.
97GF Score
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