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.
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.
Godrej IndustriesBOM:500164 -0.82%75 ROC (Joel Greenblatt) % is 28.81% as of Jun. 2026, which is 20% above its 10-year median of 24.01. GuruFocus rates BOM:500164 with a GF Score™ of 75/100 and a GF Value™ of ₹1,236.61 (Fairly Valued). The stock has 8 warning signs investors should review. Among 545 Conglomerates companies, Godrej Industries ranks better than 67.89% 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. Godrej Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 28.81%.
The historical rank and industry rank for Godrej Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:500164'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.53 Med: 24.01 Max: 36.79
Current: 28.4
During the past 13 years, Godrej Industries's highest ROC (Joel Greenblatt) % was 36.79%. The lowest was 14.53%. And the median was 24.01%.
BOM:500164's ROC (Joel Greenblatt) % is ranked better than 67.89% of 545
companies
in the Conglomerates industry
Industry Median: 15.48
vs BOM:500164: 28.40
Godrej Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.40% 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.
Godrej Industries ROC (Joel Greenblatt) % Related Terms
Godrej Industries ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Godrej Industries'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.
BOM:500164 vs MMM, HON: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Godrej Industries'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.
Godrej Industries ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Godrej Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Godrej Industries'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 (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 28.81% mean?
Godrej Industries (BOM:500164) has a ROC (Joel Greenblatt) % of 28.81% 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 Godrej Industries and its competitors. This is 20% above median its historical median of 24.01. Over the past decade, Godrej Industries' ROC (Joel Greenblatt) % has ranged from 14.53 to 36.79. According to the industry distribution chart, Godrej Industries ranks #175 out of 545 companies in the Conglomerates industry, placing it in the top 32.1%.
Is Godrej Industries' ROC (Joel Greenblatt) % too high?
Godrej Industries' current ROC (Joel Greenblatt) % of 28.81% is 20% above median its 10-year median of 24.01. Over the past 10 years, this metric has ranged from a low of 14.53 to a high of 36.79. The Conglomerates industry median ROC (Joel Greenblatt) % is 15.48. Godrej Industries' value of 28.81% is 86.1% above this industry median. Based on the distribution chart, Godrej Industries ranks #175 out of 545 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Godrej Industries has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Godrej Industries' ROC (Joel Greenblatt) % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Godrej Industries ranks #175 out of 545 companies for ROC (Joel Greenblatt) %. This puts Godrej Industries in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 15.48. Godrej Industries' value of 28.81% is 86.1% above this benchmark. Historically, Godrej Industries' own ROC (Joel Greenblatt) % has ranged from 14.53 to 36.79 over the past decade. While the company's 10-year median is 24.01 vs. the industry median of 15.48, Godrej Industries 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 15.48, based on 545 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. Godrej Industries's current ROC (Joel Greenblatt) % of 28.81% is 86.1% 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 Godrej Industries and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 15.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Godrej Industries's current ROC (Joel Greenblatt) % is 28.81%, which is 20% above median its own 10-year median of 24.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Godrej Industries stock overvalued right now?
Based on GuruFocus' analysis, Godrej Industries (BOM:500164) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,236.61, compared to a current price of ₹1,123.20 — trading 9.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 28.81%, which is 20% above median its 10-year median of 24.01 and 86.1% above the Conglomerates industry median of 15.48. Godrej Industries' overall GF Score™ is 75/100 with 8 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 Godrej Industries (BOM:500164), the current ROC (Joel Greenblatt) % is 28.81% 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 Godrej Industries (BOM:500164) Overvalued in 2026?
Based on GuruFocus' analysis, Godrej Industries stock appears to be undervalued.
The current stock price of ₹1,123.20 is trading 9.2% below its estimated GF Value™ of ₹1,236.61.
GuruFocus considers Godrej Industries to be Fairly Valued.
Key valuation signals for BOM:500164:
ROC (Joel Greenblatt) %: 28.81% (20% above median its 10-year median of 24.01)
GF Value™: ₹1,236.61 vs. price of ₹1,123.20 (9.2% below fair value)
Industry Position: 86.1% above the Conglomerates median (#175 of 545)
No single metric tells the full story. See the BOM:500164 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Godrej Industries Ltd is an India-based conglomerate with activities in agriculture, chemicals, real estate, consumer goods, and other industries. The firm has eight segments. The estate and property development segment develops, leases, and sells residential and commercial properties. The animal feed segment sells animal feed compounds for cattle, poultry, shrimp, and fish. The vegetable oils segment produces refined vegetable oils. The chemicals segment sells compounds used to make soaps, detergents, and other consumer products. The dairy segment sells milk and milk-based products. The crop protection segment provides pesticides and growth compounds. The two smallest segments account for finance and investments as well as hospitality. The majority of its revenue comes from India.
75GF Score
Get the complete analysis for BOM:500164
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:500164 has been successfully added to your 
