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Ion Exchange (India)BOM:500214 -1.24%78 ROC (Joel Greenblatt) % is 12.06% as of Mar. 2026, which is 78% below its 10-year median of 55.97. GuruFocus rates BOM:500214 with a GF Score™ of 78/100 and a GF Value™ of ₹623.12 (Possible Value Trap). The stock has 12 warning signs investors should review. Among 3,080 Industrial Products companies, Ion Exchange (India) ranks worse than 69.81% 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. Ion Exchange (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.06%.
The historical rank and industry rank for Ion Exchange (India)'s ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:500214'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.61 Med: 55.97 Max: 85.71
Current: 3.61
During the past 13 years, Ion Exchange (India)'s highest ROC (Joel Greenblatt) % was 85.71%. The lowest was 3.61%. And the median was 55.97%.
BOM:500214's ROC (Joel Greenblatt) % is ranked worse than 69.81% of 3080
companies
in the Industrial Products industry
Industry Median: 11.985
vs BOM:500214: 3.61
Ion Exchange (India)'s 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -26.60% per year.
Ion Exchange (India) (BOM:500214) 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.
Ion Exchange (India) ROC (Joel Greenblatt) % Related Terms
Ion Exchange (India) ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ion Exchange (India)'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.
Ion Exchange (India) ROC (Joel Greenblatt) % Chart
BOM:500214 vs VLTO, ZWS, CECO: ROC (Joel Greenblatt) % Comparison
For the Pollution & Treatment Controls subindustry, Ion Exchange (India)'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.
Ion Exchange (India) ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ion Exchange (India)'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ion Exchange (India)'s ROC (Joel Greenblatt) % falls into.
Ion Exchange (India) 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 one times the annual (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 12.06% mean?
Ion Exchange (India) (BOM:500214) has a ROC (Joel Greenblatt) % of 12.06% 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 Ion Exchange (India) and its competitors. This is 78% below median its historical median of 55.97. Over the past decade, Ion Exchange (India)'s ROC (Joel Greenblatt) % has ranged from 3.61 to 85.71. According to the industry distribution chart, Ion Exchange (India) ranks #2150 out of 3080 companies in the Industrial Products industry, placing it in the top 69.8%.
Is Ion Exchange (India)'s ROC (Joel Greenblatt) % too high?
Ion Exchange (India)'s current ROC (Joel Greenblatt) % of 12.06% is 78% below median its 10-year median of 55.97. Over the past 10 years, this metric has ranged from a low of 3.61 to a high of 85.71. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.99. Ion Exchange (India)'s value of 12.06% is 0.6% above this industry median. Based on the distribution chart, Ion Exchange (India) ranks #2150 out of 3080 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ion Exchange (India) has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ion Exchange (India)'s ROC (Joel Greenblatt) % compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Ion Exchange (India) ranks #2150 out of 3080 companies for ROC (Joel Greenblatt) %. This places Ion Exchange (India) in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Ion Exchange (India)'s value of 12.06% is 0.6% above this benchmark. Historically, Ion Exchange (India)'s own ROC (Joel Greenblatt) % has ranged from 3.61 to 85.71 over the past decade. While the company's 10-year median is 55.97 vs. the industry median of 11.99, Ion Exchange (India) 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.99, based on 3,080 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. Ion Exchange (India)'s current ROC (Joel Greenblatt) % of 12.06% is 0.6% 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 Ion Exchange (India) and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ion Exchange (India)'s current ROC (Joel Greenblatt) % is 12.06%, which is 78% below median its own 10-year median of 55.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ion Exchange (India) stock overvalued right now?
Based on GuruFocus' analysis, Ion Exchange (India) (BOM:500214) is currently considered Possible Value Trap. The stock's GF Value™ is ₹623.12, compared to a current price of ₹426.20 — trading 31.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 12.06%, which is 78% below median its 10-year median of 55.97 and 0.6% above the Industrial Products industry median of 11.99. Ion Exchange (India)'s overall GF Score™ is 78/100 with 12 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 Ion Exchange (India) (BOM:500214), the current ROC (Joel Greenblatt) % is 12.06% 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 Ion Exchange (India) (BOM:500214) Overvalued in 2026?
Based on GuruFocus' analysis, Ion Exchange (India) stock appears to be undervalued.
The current stock price of ₹426.20 is trading 31.6% below its estimated GF Value™ of ₹623.12.
GuruFocus considers Ion Exchange (India) to be Possible Value Trap.
Key valuation signals for BOM:500214:
ROC (Joel Greenblatt) %: 12.06% (78% below median its 10-year median of 55.97)
GF Value™: ₹623.12 vs. price of ₹426.20 (31.6% below fair value)
Industry Position: 0.6% above the Industrial Products median (#2150 of 3080)
No single metric tells the full story. See the BOM:500214 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ion Exchange (India) Ltd offers a wide range of solutions across the water cycle from pre-treatment to process water treatment, wastewater treatment, recycling, zero liquid discharge, sewage treatment, packaged drinking water, seawater desalination, etc. It also engaged in manufacturing resins, and specialty chemicals for water and wastewater treatment as well as non-water applications. It operates its business through the Engineering segment, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. It caters to both domestic and international markets.
78GF Score
Get the complete analysis for BOM:500214
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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