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Dharani FinanceBOM:511451 73 ROC (Joel Greenblatt) % is 61.02% as of Mar. 2026, which is 191% above its 10-year median of 20.94. GuruFocus rates BOM:511451 with a GF Score™ of 73/100 and a GF Value™ of ₹16.50 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 415 Credit Services companies, Dharani Finance ranks better than 66.51% 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. Dharani Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 61.02%.
The historical rank and industry rank for Dharani Finance's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:511451'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.94 Med: 20.94 Max: 813.69
Current: 214.9
During the past 13 years, Dharani Finance's highest ROC (Joel Greenblatt) % was 813.69%. The lowest was -16.94%. And the median was 20.94%.
BOM:511451's ROC (Joel Greenblatt) % is ranked better than 66.51% of 415
companies
in the Credit Services industry
Industry Median: 38.99
vs BOM:511451: 214.90
Dharani Finance's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Dharani Finance ROC (Joel Greenblatt) % Related Terms
Dharani Finance ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Dharani Finance'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:511451 vs V, MA, AXP: ROC (Joel Greenblatt) % Comparison
For the Credit Services subindustry, Dharani Finance'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.
Dharani Finance ROC (Joel Greenblatt) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Dharani Finance's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dharani Finance'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 (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 61.02% mean?
Dharani Finance (BOM:511451) has a ROC (Joel Greenblatt) % of 61.02% 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 Dharani Finance and its competitors. This is 191% above median its historical median of 20.94. According to the industry distribution chart, Dharani Finance ranks #139 out of 415 companies in the Credit Services industry, placing it in the top 33.5%.
Is Dharani Finance's ROC (Joel Greenblatt) % too high?
Dharani Finance's current ROC (Joel Greenblatt) % of 61.02% is 191% above median its 10-year median of 20.94. The Credit Services industry median ROC (Joel Greenblatt) % is 38.99. Dharani Finance's value of 61.02% is 56.5% above this industry median. Based on the distribution chart, Dharani Finance ranks #139 out of 415 companies in the Credit Services industry, which is above the industry midpoint. Overall, Dharani Finance has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dharani Finance's ROC (Joel Greenblatt) % compare to V and MA?
According to the Credit Services industry distribution chart, Dharani Finance ranks #139 out of 415 companies for ROC (Joel Greenblatt) %. This puts Dharani Finance in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 38.99. Dharani Finance's value of 61.02% is 56.5% above this benchmark. While the company's 10-year median is 20.94 vs. the industry median of 38.99, Dharani Finance 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 Credit Services company?
The median ROC (Joel Greenblatt) % among Credit Services companies is 38.99, based on 415 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. Dharani Finance's current ROC (Joel Greenblatt) % of 61.02% is 56.5% 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 Dharani Finance and its competitors. For the Credit Services industry, the median ROC (Joel Greenblatt) % is 38.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dharani Finance's current ROC (Joel Greenblatt) % is 61.02%, which is 191% above median its own 10-year median of 20.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dharani Finance stock overvalued right now?
Based on GuruFocus' analysis, Dharani Finance (BOM:511451) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹16.50, compared to a current price of ₹13.00 — trading 21.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 61.02%, which is 191% above median its 10-year median of 20.94 and 56.5% above the Credit Services industry median of 38.99. Dharani Finance's overall GF Score™ is 73/100 with 6 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 Dharani Finance (BOM:511451), the current ROC (Joel Greenblatt) % is 61.02% 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 Dharani Finance (BOM:511451) Overvalued in 2026?
Based on GuruFocus' analysis, Dharani Finance stock appears to be undervalued.
The current stock price of ₹13.00 is trading 21.2% below its estimated GF Value™ of ₹16.50.
GuruFocus considers Dharani Finance to be Modestly Undervalued.
Key valuation signals for BOM:511451:
ROC (Joel Greenblatt) %: 61.02% (191% above median its 10-year median of 20.94)
GF Value™: ₹16.50 vs. price of ₹13.00 (21.2% below fair value)
Industry Position: 56.5% above the Credit Services median (#139 of 415)
No single metric tells the full story. See the BOM:511451 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dharani Finance Ltd is an Indian non-banking financial company (NBFC) engaged in providing financial services such as hire purchase finance, lease finance, and bill discounting. Dharani Finance caters to industrial and commercial enterprises. Company operates in single segment of NBFC activities. The company is also licensed by the Reserve Bank of India for foreign exchange money changing operations and has diversified activities including investment planning, tax consulting, and travel agency services. Majority of its revenue is generated from its core financial services business in hire purchase and leasing.
73GF Score
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