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Indian Toners & DevelopersBOM:523586 -1.81%80 ROC (Joel Greenblatt) % is 24.59% as of Jun. 2026, which is 18% below its 10-year median of 29.94. GuruFocus rates BOM:523586 with a GF Score™ of 80/100 and a GF Value™ of ₹51.91 (Modestly Undervalued). Among 1,609 Chemicals companies, Indian Toners & Developers ranks better than 82.66% 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. Indian Toners & Developers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 24.59%.
The historical rank and industry rank for Indian Toners & Developers's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:523586'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.47 Med: 29.94 Max: 49.03
Current: 27.22
During the past 13 years, Indian Toners & Developers's highest ROC (Joel Greenblatt) % was 49.03%. The lowest was 19.47%. And the median was 29.94%.
BOM:523586's ROC (Joel Greenblatt) % is ranked better than 82.66% of 1609
companies
in the Chemicals industry
Industry Median: 10.59
vs BOM:523586: 27.22
Indian Toners & Developers (BOM:523586) 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.
Indian Toners & Developers ROC (Joel Greenblatt) % Chart
BOM:523586 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Indian Toners & 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.
Indian Toners & Developers ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Indian Toners & Developers's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Indian Toners & Developers's ROC (Joel Greenblatt) % falls into.
Indian Toners & 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:
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 24.59% mean?
Indian Toners & Developers (BOM:523586) has a ROC (Joel Greenblatt) % of 24.59% 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 Indian Toners & Developers and its competitors. This is 18% below median its historical median of 29.94. Over the past decade, Indian Toners & Developers' ROC (Joel Greenblatt) % has ranged from 19.47 to 49.03. According to the industry distribution chart, Indian Toners & Developers ranks #279 out of 1609 companies in the Chemicals industry, placing it in the top 17.3%.
Is Indian Toners & Developers' ROC (Joel Greenblatt) % too high?
Indian Toners & Developers' current ROC (Joel Greenblatt) % of 24.59% is 18% below median its 10-year median of 29.94. Over the past 10 years, this metric has ranged from a low of 19.47 to a high of 49.03. The Chemicals industry median ROC (Joel Greenblatt) % is 10.59. Indian Toners & Developers' value of 24.59% is 132.2% above this industry median. Based on the distribution chart, Indian Toners & Developers ranks #279 out of 1609 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indian Toners & Developers has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Toners & Developers' ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indian Toners & Developers ranks #279 out of 1609 companies for ROC (Joel Greenblatt) %. This places Indian Toners & Developers in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.59. Indian Toners & Developers' value of 24.59% is 132.2% above this benchmark. Historically, Indian Toners & Developers' own ROC (Joel Greenblatt) % has ranged from 19.47 to 49.03 over the past decade. While the company's 10-year median is 29.94 vs. the industry median of 10.59, Indian Toners & 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 10.59, based on 1,609 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. Indian Toners & Developers's current ROC (Joel Greenblatt) % of 24.59% is 132.2% 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 Indian Toners & Developers and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 10.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Toners & Developers's current ROC (Joel Greenblatt) % is 24.59%, which is 18% below median its own 10-year median of 29.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Toners & Developers stock overvalued right now?
Based on GuruFocus' analysis, Indian Toners & Developers (BOM:523586) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹51.91, compared to a current price of ₹45.63 — trading 12.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.59%, which is 18% below median its 10-year median of 29.94 and 132.2% above the Chemicals industry median of 10.59. Indian Toners & Developers' overall GF Score™ is 80/100. 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 Indian Toners & Developers (BOM:523586), the current ROC (Joel Greenblatt) % is 24.59% 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 Indian Toners & Developers (BOM:523586) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Toners & Developers stock appears to be undervalued.
The current stock price of ₹45.63 is trading 12.1% below its estimated GF Value™ of ₹51.91.
GuruFocus considers Indian Toners & Developers to be Modestly Undervalued.
Key valuation signals for BOM:523586:
ROC (Joel Greenblatt) %: 24.59% (18% below median its 10-year median of 29.94)
GF Value™: ₹51.91 vs. price of ₹45.63 (12.1% below fair value)
Industry Position: 132.2% above the Chemicals median (#279 of 1609)
No single metric tells the full story. See the BOM:523586 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indian Toners & Developers Ltd is a manufacturer of toners and developers. The company is engaged in the business of producing and exporting compatible toners for use in laser printers, the new age digital machines, multi-function printers, analogue copiers as well as wide-format printers and copiers. The only reporting segment of the company is a manufacturer of compatible toner. Its geographical segment includes Domestic sales and Export sales. The company's product consists of chemical color toner, laser toner, copier or digital toner, wide format copiers and printer toner and packaging.
80GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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