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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. The Western India Plywoods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -4.11%.
The historical rank and industry rank for The Western India Plywoods's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:WIPL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.03 Med: 6.54 Max: 14.55
Current: 3.48
During the past 13 years, The Western India Plywoods's highest ROC (Joel Greenblatt) % was 14.55%. The lowest was 2.03%. And the median was 6.54%.
NSE:WIPL's ROC (Joel Greenblatt) % is ranked worse than 55.94% of 286
companies
in the Forest Products industry
Industry Median: 4.725
vs NSE:WIPL: 3.48
The Western India Plywoods (NSE:WIPL) 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.
* 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.
The Western India Plywoods ROC (Joel Greenblatt) % Chart
NSE:WIPL vs SSD, UFPI, BCC: ROC (Joel Greenblatt) % Comparison
For the Lumber & Wood Production subindustry, The Western India Plywoods'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.
The Western India Plywoods ROC (Joel Greenblatt) % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, The Western India Plywoods's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where The Western India Plywoods's ROC (Joel Greenblatt) % falls into.
The Western India Plywoods 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 (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 -4.11% mean?
The Western India Plywoods (NSE:WIPL) has a ROC (Joel Greenblatt) % of -4.11% 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 The Western India Plywoods and its competitors. Over the past decade, The Western India Plywoods' ROC (Joel Greenblatt) % has ranged from 2.03 to 14.55. According to the industry distribution chart, The Western India Plywoods ranks #160 out of 286 companies in the Forest Products industry, placing it in the top 55.9%.
Is The Western India Plywoods' ROC (Joel Greenblatt) % too high?
The Western India Plywoods' current ROC (Joel Greenblatt) % is -4.11%. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 14.55. Based on the distribution chart, The Western India Plywoods ranks #160 out of 286 companies in the Forest Products industry, which is below the industry midpoint. Overall, The Western India Plywoods has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Western India Plywoods' ROC (Joel Greenblatt) % compare to SSD and UFPI?
According to the Forest Products industry distribution chart, The Western India Plywoods ranks #160 out of 286 companies for ROC (Joel Greenblatt) %. This places The Western India Plywoods in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 4.73. Historically, The Western India Plywoods' own ROC (Joel Greenblatt) % has ranged from 2.03 to 14.55 over the past decade. 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 Forest Products company?
The median ROC (Joel Greenblatt) % among Forest Products companies is 4.73, based on 286 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. 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 The Western India Plywoods and its competitors. For the Forest Products industry, the median ROC (Joel Greenblatt) % is 4.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Western India Plywoods's current ROC (Joel Greenblatt) % is -4.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Western India Plywoods stock overvalued right now?
Based on GuruFocus' analysis, The Western India Plywoods (NSE:WIPL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹291.81, compared to a current price of ₹166.13 — trading 43.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is -4.11%. The Western India Plywoods' overall GF Score™ is 76/100 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 The Western India Plywoods (NSE:WIPL), the current ROC (Joel Greenblatt) % is -4.11% 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 The Western India Plywoods (NSE:WIPL) Overvalued in 2026?
Based on GuruFocus' analysis, The Western India Plywoods stock appears to be undervalued.
The current stock price of ₹166.13 is trading 43.1% below its estimated GF Value™ of ₹291.81.
GuruFocus considers The Western India Plywoods to be Significantly Undervalued.
Key valuation signals for NSE:WIPL:
ROC (Joel Greenblatt) %: -4.11%
GF Value™: ₹291.81 vs. price of ₹166.13 (43.1% below fair value)
No single metric tells the full story. See the NSE:WIPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Western India Plywoods Ltd is a manufacturer of wood-based products. Its products include Plywood, Hard boards, Densified wood, Furniture, Wipress, Wooden flooring, and Others.
76GF Score
Get the complete analysis for NSE:WIPL
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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