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.
V B Desai Financial ServicesBOM:511110 +16.13%68 ROC (Joel Greenblatt) % is 820.55% as of Mar. 2026, which is 43% below its 10-year median of 1,427.53. GuruFocus rates BOM:511110 with a GF Score™ of 68/100 and a GF Value™ of ₹19.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 677 Capital Markets companies, V B Desai Financial Services ranks better than 92.32% 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. V B Desai Financial Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 820.55%.
The historical rank and industry rank for V B Desai Financial Services's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:511110'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 62.75 Med: 1427.53 Max: 12340.85
Current: 1015.36
During the past 13 years, V B Desai Financial Services's highest ROC (Joel Greenblatt) % was 12340.85%. The lowest was 62.75%. And the median was 1427.53%.
BOM:511110's ROC (Joel Greenblatt) % is ranked better than 92.32% of 677
companies
in the Capital Markets industry
Industry Median: 34.76
vs BOM:511110: 1015.36
V B Desai Financial Services (BOM:511110) 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.
V B Desai Financial Services ROC (Joel Greenblatt) % Chart
BOM:511110 vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, V B Desai Financial Services'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.
V B Desai Financial Services ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, V B Desai Financial Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where V B Desai Financial Services's ROC (Joel Greenblatt) % falls into.
V B Desai Financial Services 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 820.55% mean?
V B Desai Financial Services (BOM:511110) has a ROC (Joel Greenblatt) % of 820.55% 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 V B Desai Financial Services and its competitors. This is 43% below median its historical median of 1,427.53. Over the past decade, V B Desai Financial Services' ROC (Joel Greenblatt) % has ranged from 62.75 to 12,340.85. According to the industry distribution chart, V B Desai Financial Services ranks #52 out of 677 companies in the Capital Markets industry, placing it in the top 7.7%.
Is V B Desai Financial Services' ROC (Joel Greenblatt) % too high?
V B Desai Financial Services' current ROC (Joel Greenblatt) % of 820.55% is 43% below median its 10-year median of 1,427.53. Over the past 10 years, this metric has ranged from a low of 62.75 to a high of 12,340.85. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.76. V B Desai Financial Services' value of 820.55% is 2260.6% above this industry median. Based on the distribution chart, V B Desai Financial Services ranks #52 out of 677 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, V B Desai Financial Services has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does V B Desai Financial Services' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, V B Desai Financial Services ranks #52 out of 677 companies for ROC (Joel Greenblatt) %. This places V B Desai Financial Services in the top 8% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.76. V B Desai Financial Services' value of 820.55% is 2260.6% above this benchmark. Historically, V B Desai Financial Services' own ROC (Joel Greenblatt) % has ranged from 62.75 to 12,340.85 over the past decade. While the company's 10-year median is 1,427.53 vs. the industry median of 34.76, V B Desai Financial Services 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.76, based on 677 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. V B Desai Financial Services's current ROC (Joel Greenblatt) % of 820.55% is 2260.6% 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 V B Desai Financial Services and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. V B Desai Financial Services's current ROC (Joel Greenblatt) % is 820.55%, which is 43% below median its own 10-year median of 1,427.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V B Desai Financial Services stock overvalued right now?
Based on GuruFocus' analysis, V B Desai Financial Services (BOM:511110) is currently considered Fairly Valued. The stock's GF Value™ is ₹19.09, compared to a current price of ₹18.58 — trading 2.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 820.55%, which is 43% below median its 10-year median of 1,427.53 and 2260.6% above the Capital Markets industry median of 34.76. V B Desai Financial Services' overall GF Score™ is 68/100 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 V B Desai Financial Services (BOM:511110), the current ROC (Joel Greenblatt) % is 820.55% 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 V B Desai Financial Services (BOM:511110) Overvalued in 2026?
Based on GuruFocus' analysis, V B Desai Financial Services stock appears to be undervalued.
The current stock price of ₹18.58 is trading 2.7% below its estimated GF Value™ of ₹19.09.
GuruFocus considers V B Desai Financial Services to be Fairly Valued.
Key valuation signals for BOM:511110:
ROC (Joel Greenblatt) %: 820.55% (43% below median its 10-year median of 1,427.53)
GF Value™: ₹19.09 vs. price of ₹18.58 (2.7% below fair value)
Industry Position: 2260.6% above the Capital Markets median (#52 of 677)
No single metric tells the full story. See the BOM:511110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
V B Desai Financial Services Ltd is an Indian company providing merchant banking services. The company is engaged in offering financial and advisory services. It provides services like Share Valuation, (Employee Stock Option Plan) ESOP Valuation, ESOP Advisory, merger and acquisition, to act as Manager in Buyback of shares and Acquisition, Takeover of Listed Companies and Initial Public Offerings, etc. The Company has one segment which is Merchant Banking and financial services.
68GF Score
Get the complete analysis for BOM:511110
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:511110 has been successfully added to your 
