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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. Mirza International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -9.16%.
The historical rank and industry rank for Mirza International's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:526642'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.18 Med: 9.63 Max: 20.56
Current: 1.28
During the past 13 years, Mirza International's highest ROC (Joel Greenblatt) % was 20.56%. The lowest was 1.18%. And the median was 9.63%.
BOM:526642's ROC (Joel Greenblatt) % is ranked worse than 72.22% of 1062
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.57
vs BOM:526642: 1.28
Mirza International's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -36.50% per year.
Mirza International (BOM:526642) 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.
Mirza International ROC (Joel Greenblatt) % Related Terms
Mirza International ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Mirza International'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:526642 vs NKE, DECK, ONON: ROC (Joel Greenblatt) % Comparison
For the Footwear & Accessories subindustry, Mirza International'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.
Mirza International ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mirza International's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mirza International's ROC (Joel Greenblatt) % falls into.
Mirza International 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 -9.16% mean?
Mirza International (BOM:526642) has a ROC (Joel Greenblatt) % of -9.16% 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 Mirza International and its competitors. Over the past decade, Mirza International's ROC (Joel Greenblatt) % has ranged from 1.18 to 20.56. According to the industry distribution chart, Mirza International ranks #767 out of 1062 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 72.2%.
Is Mirza International's ROC (Joel Greenblatt) % too high?
Mirza International's current ROC (Joel Greenblatt) % is -9.16%. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 20.56. Based on the distribution chart, Mirza International ranks #767 out of 1062 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Mirza International has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mirza International's ROC (Joel Greenblatt) % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Mirza International ranks #767 out of 1062 companies for ROC (Joel Greenblatt) %. This places Mirza International in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.57. Historically, Mirza International's own ROC (Joel Greenblatt) % has ranged from 1.18 to 20.56 over the past decade. 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.57, based on 1,062 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. 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 Mirza International and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirza International's current ROC (Joel Greenblatt) % is -9.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirza International stock overvalued right now?
Based on GuruFocus' analysis, Mirza International (BOM:526642) is currently considered Fairly Valued. The stock's GF Value™ is ₹33.13, compared to a current price of ₹34.55 — trading 4.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is -9.16%. Mirza International's overall GF Score™ is 63/100 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 Mirza International (BOM:526642), the current ROC (Joel Greenblatt) % is -9.16% 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 Mirza International (BOM:526642) Overvalued in 2026?
Based on GuruFocus' analysis, Mirza International stock appears to be overvalued.
The current stock price of ₹34.55 is trading 4.3% above its estimated GF Value™ of ₹33.13.
GuruFocus considers Mirza International to be Fairly Valued.
Key valuation signals for BOM:526642:
ROC (Joel Greenblatt) %: -9.16%
GF Value™: ₹33.13 vs. price of ₹34.55 (4.3% above fair value)
No single metric tells the full story. See the BOM:526642 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mirza International Ltd is engaged in the manufacturing and marketing of leather footwear and finished leather. The business segments of the company include the Footwear division and Tannery Division, where the majority is generated from Footwear. Geographically, the company generates the majority of its revenue from the UK. The brands of the company include Thomas Crick, Off the Hook, and Oaktrak.
63GF Score
Get the complete analysis for BOM:526642
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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