Vibhor Steel TubesNSE:VSTL +1.07%44 ROC (Joel Greenblatt) % is 9.53% as of Mar. 2026, which is 25% below its 10-year median of 12.78. GuruFocus rates NSE:VSTL with a GF Score™ of 44/100. The stock has 3 warning signs investors should review. Among 632 Steel companies, Vibhor Steel Tubes ranks better than 54.27% 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. Vibhor Steel Tubes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.53%.
The historical rank and industry rank for Vibhor Steel Tubes's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:VSTL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.43 Med: 12.78 Max: 19.38
Current: 8.43
During the past 6 years, Vibhor Steel Tubes's highest ROC (Joel Greenblatt) % was 19.38%. The lowest was 8.43%. And the median was 12.78%.
NSE:VSTL's ROC (Joel Greenblatt) % is ranked better than 54.27% of 632
companies
in the Steel industry
Industry Median: 7.065
vs NSE:VSTL: 8.43
Vibhor Steel Tubes's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -7.40% 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.
Vibhor Steel Tubes ROC (Joel Greenblatt) % Related Terms
Vibhor Steel Tubes ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Vibhor Steel 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:VSTL vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Vibhor Steel 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.
Vibhor Steel Tubes ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Vibhor Steel Tubes's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Vibhor Steel 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 9.53% mean?
Vibhor Steel Tubes (NSE:VSTL) has a ROC (Joel Greenblatt) % of 9.53% 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 Vibhor Steel Tubes and its competitors. This is 25% below median its historical median of 12.78. Over the past decade, Vibhor Steel Tubes' ROC (Joel Greenblatt) % has ranged from 8.43 to 19.38. According to the industry distribution chart, Vibhor Steel Tubes ranks #289 out of 632 companies in the Steel industry, placing it in the top 45.7%.
Is Vibhor Steel Tubes' ROC (Joel Greenblatt) % too high?
Vibhor Steel Tubes' current ROC (Joel Greenblatt) % of 9.53% is 25% below median its 10-year median of 12.78. Over the past 10 years, this metric has ranged from a low of 8.43 to a high of 19.38. The Steel industry median ROC (Joel Greenblatt) % is 7.07. Vibhor Steel Tubes' value of 9.53% is 34.9% above this industry median. Based on the distribution chart, Vibhor Steel Tubes ranks #289 out of 632 companies in the Steel industry, which is above the industry midpoint. Overall, Vibhor Steel Tubes has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Vibhor Steel Tubes' ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Vibhor Steel Tubes ranks #289 out of 632 companies for ROC (Joel Greenblatt) %. This puts Vibhor Steel Tubes in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 7.07. Vibhor Steel Tubes' value of 9.53% is 34.9% above this benchmark. Historically, Vibhor Steel Tubes' own ROC (Joel Greenblatt) % has ranged from 8.43 to 19.38 over the past decade. While the company's 10-year median is 12.78 vs. the industry median of 7.07, Vibhor Steel 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 7.07, 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. Vibhor Steel Tubes's current ROC (Joel Greenblatt) % of 9.53% is 34.9% 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 Vibhor Steel Tubes and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vibhor Steel Tubes's current ROC (Joel Greenblatt) % is 9.53%, which is 25% below median its own 10-year median of 12.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vibhor Steel Tubes stock overvalued right now?
Vibhor Steel Tubes (NSE:VSTL) has a current ROC (Joel Greenblatt) % of 9.53%. The current ROC (Joel Greenblatt) % is 9.53%, which is 25% below median its 10-year median of 12.78 and 34.9% above the Steel industry median of 7.07. Vibhor Steel Tubes' overall GF Score™ is 44/100 with 3 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 Vibhor Steel Tubes (NSE:VSTL), the current ROC (Joel Greenblatt) % is 9.53% 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.
Vibhor Steel Tubes Ltd is a manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. Steel pipes and tubes are used pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes, and others.
44GF Score
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