Citadel Realty & Developers (BOM:502445) ROC (Joel Greenblatt) %: 140.24% (As of Mar. 2026) — 36% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BOM:502445 Citadel Realty & Developers Ltd BOM:502445
59 GF Score
Price ₹39.00
GF Value ₹47.15
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Citadel Realty & Developers ROC (Joel Greenblatt) %?

Citadel Realty & Developers BOM:502445 -1.04% 59 ROC (Joel Greenblatt) % is 140.24% as of Mar. 2026, which is 36% above its 10-year median of 103.07. GuruFocus rates BOM:502445 with a GF Score™ of 59/100 and a GF Value™ of ₹47.15 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,755 Real Estate companies, Citadel Realty & Developers ranks better than 81.48% 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. Citadel Realty & Developers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 140.24%.

The historical rank and industry rank for Citadel Realty & Developers's ROC (Joel Greenblatt) % or its related term are showing as below:

BOM:502445' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 75.9   Med: 103.07   Max: 221.66
Current: 143.35

During the past 13 years, Citadel Realty & Developers's highest ROC (Joel Greenblatt) % was 221.66%. The lowest was 75.90%. And the median was 103.07%.

BOM:502445's ROC (Joel Greenblatt) % is ranked better than
81.48% of 1755 companies
in the Real Estate industry
Industry Median: 13.16 vs BOM:502445: 143.35

Citadel Realty & Developers's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 12.10% per year.


Citadel Realty & Developers  (BOM:502445) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Citadel Realty & Developers ROC (Joel Greenblatt) % Related Terms


Citadel Realty & Developers ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Citadel Realty & Developers'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.

Citadel Realty & Developers ROC (Joel Greenblatt) % Chart

Citadel Realty & Developers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.69 100.35 113.40 121.16 142.36

Citadel Realty & Developers Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 113.19 143.33 147.58 144.29 140.24

Citadel Realty & Developers ROC (Joel Greenblatt) % Competitor Comparison

For the Real Estate - Development subindustry, Citadel Realty & Developers'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.


Citadel Realty & Developers ROC (Joel Greenblatt) % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Citadel Realty & Developers's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Citadel Realty & Developers's ROC (Joel Greenblatt) % falls into.


BOM:502445
59GF Score
Citadel Realty & Developers Ltd BOM:502445
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Citadel Realty & Developers 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 27.027 + 0.80200000000002) - (0 + 0 + 2.49)
=25.339

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Citadel Realty & Developers for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=35.536/( ( (0 + max(0, 0)) + (0 + max(25.339, 0)) )/ 1 )
=35.536/( ( 0 + 25.339 )/ 1 )
=35.536/25.339
=140.24 %

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 140.24% mean?
Citadel Realty & Developers (BOM:502445) has a ROC (Joel Greenblatt) % of 140.24% 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 Citadel Realty & Developers and its competitors. This is 36% above median its historical median of 103.07. Over the past decade, Citadel Realty & Developers' ROC (Joel Greenblatt) % has ranged from 75.90 to 221.66. According to the industry distribution chart, Citadel Realty & Developers ranks #325 out of 1755 companies in the Real Estate industry, placing it in the top 18.5%.
Is Citadel Realty & Developers' ROC (Joel Greenblatt) % too high?
Citadel Realty & Developers' current ROC (Joel Greenblatt) % of 140.24% is 36% above median its 10-year median of 103.07. Over the past 10 years, this metric has ranged from a low of 75.90 to a high of 221.66. The Real Estate industry median ROC (Joel Greenblatt) % is 13.16. Citadel Realty & Developers' value of 140.24% is 965.7% above this industry median. Based on the distribution chart, Citadel Realty & Developers ranks #325 out of 1755 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Citadel Realty & Developers has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Citadel Realty & Developers' ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Citadel Realty & Developers ranks #325 out of 1755 companies for ROC (Joel Greenblatt) %. This places Citadel Realty & Developers in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 13.16. Citadel Realty & Developers' value of 140.24% is 965.7% above this benchmark. Historically, Citadel Realty & Developers' own ROC (Joel Greenblatt) % has ranged from 75.90 to 221.66 over the past decade. While the company's 10-year median is 103.07 vs. the industry median of 13.16, Citadel Realty & Developers 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 13.16, based on 1,755 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. Citadel Realty & Developers's current ROC (Joel Greenblatt) % of 140.24% is 965.7% 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 Citadel Realty & Developers and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citadel Realty & Developers's current ROC (Joel Greenblatt) % is 140.24%, which is 36% above median its own 10-year median of 103.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citadel Realty & Developers stock overvalued right now?
Based on GuruFocus' analysis, Citadel Realty & Developers (BOM:502445) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹47.15, compared to a current price of ₹39.00 — trading 17.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 140.24%, which is 36% above median its 10-year median of 103.07 and 965.7% above the Real Estate industry median of 13.16. Citadel Realty & Developers' overall GF Score™ is 59/100 with 5 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 Citadel Realty & Developers (BOM:502445), the current ROC (Joel Greenblatt) % is 140.24% 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 Citadel Realty & Developers (BOM:502445) Overvalued in 2026?

Based on GuruFocus' analysis, Citadel Realty & Developers stock appears to be undervalued. The current stock price of ₹39.00 is trading 17.3% below its estimated GF Value™ of ₹47.15. GuruFocus considers Citadel Realty & Developers to be Modestly Undervalued.

Key valuation signals for BOM:502445:

  • ROC (Joel Greenblatt) %: 140.24% (36% above median its 10-year median of 103.07)
  • GF Value™: ₹47.15 vs. price of ₹39.00 (17.3% below fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 965.7% above the Real Estate median (#325 of 1755)

No single metric tells the full story. See the BOM:502445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Citadel Realty & Developers Business Description

Address Junction of Mulund-Goregaon Link Road, 7th Floor, 702, Marathon Max, Mulund West, Mumbai, MH, IND, 400080
Citadel Realty & Developers Ltd operates in the Real estate sector. It is mainly engaged in the business of construction, development, and sale of residential real estate projects. The core business activities are carried out under various business models, such as own development, through joint ventures and joint development, and other arrangements with third parties.
59GF Score

Get the complete analysis for BOM:502445

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹39.00
Price
₹47.15
GF Value