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. Dhruva Capital Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -16.48%.
The historical rank and industry rank for Dhruva Capital Services's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:531237'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.61 Med: 41.77 Max: 534.34
Current: 47.47
During the past 13 years, Dhruva Capital Services's highest ROC (Joel Greenblatt) % was 534.34%. The lowest was 1.61%. And the median was 41.77%.
BOM:531237's ROC (Joel Greenblatt) % is ranked better than 52.3% of 413
companies
in the Credit Services industry
Industry Median: 38.99
vs BOM:531237: 47.47
Dhruva Capital Services's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 37.60% per year.
Dhruva Capital Services (BOM:531237) 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.
Dhruva Capital Services ROC (Joel Greenblatt) % Related Terms
Dhruva Capital Services ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Dhruva Capital Services'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.
Dhruva Capital Services ROC (Joel Greenblatt) % Chart
BOM:531237 vs V, MA, AXP: ROC (Joel Greenblatt) % Comparison
For the Credit Services subindustry, Dhruva Capital 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.
Dhruva Capital Services ROC (Joel Greenblatt) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Dhruva Capital Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dhruva Capital Services's ROC (Joel Greenblatt) % falls into.
Dhruva Capital 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 -16.48% mean?
Dhruva Capital Services (BOM:531237) has a ROC (Joel Greenblatt) % of -16.48% 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 Dhruva Capital Services and its competitors. Over the past decade, Dhruva Capital Services' ROC (Joel Greenblatt) % has ranged from 1.61 to 534.34. According to the industry distribution chart, Dhruva Capital Services ranks #197 out of 413 companies in the Credit Services industry, placing it in the top 47.7%.
Is Dhruva Capital Services' ROC (Joel Greenblatt) % too high?
Dhruva Capital Services' current ROC (Joel Greenblatt) % is -16.48%. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 534.34. Based on the distribution chart, Dhruva Capital Services ranks #197 out of 413 companies in the Credit Services industry, which is above the industry midpoint. Overall, Dhruva Capital Services has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dhruva Capital Services' ROC (Joel Greenblatt) % compare to V and MA?
According to the Credit Services industry distribution chart, Dhruva Capital Services ranks #197 out of 413 companies for ROC (Joel Greenblatt) %. This puts Dhruva Capital Services in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 38.99. Historically, Dhruva Capital Services' own ROC (Joel Greenblatt) % has ranged from 1.61 to 534.34 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 Credit Services company?
The median ROC (Joel Greenblatt) % among Credit Services companies is 38.99, based on 413 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 Dhruva Capital Services 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. Dhruva Capital Services's current ROC (Joel Greenblatt) % is -16.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dhruva Capital Services stock overvalued right now?
Based on GuruFocus' analysis, Dhruva Capital Services (BOM:531237) is currently considered Fairly Valued. The stock's GF Value™ is ₹348.86, compared to a current price of ₹322.60 — trading 7.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is -16.48%. Dhruva Capital Services' overall GF Score™ is 74/100 with 8 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 Dhruva Capital Services (BOM:531237), the current ROC (Joel Greenblatt) % is -16.48% 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 Dhruva Capital Services (BOM:531237) Overvalued in 2026?
Based on GuruFocus' analysis, Dhruva Capital Services stock appears to be undervalued.
The current stock price of ₹322.60 is trading 7.5% below its estimated GF Value™ of ₹348.86.
GuruFocus considers Dhruva Capital Services to be Fairly Valued.
Key valuation signals for BOM:531237:
ROC (Joel Greenblatt) %: -16.48%
GF Value™: ₹348.86 vs. price of ₹322.60 (7.5% below fair value)
No single metric tells the full story. See the BOM:531237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dhruva Capital Services Ltd is an Indian Non-Banking Financial Company (NBFC) established in 1994 and headquartered in Udaipur, Rajasthan. The company is registered with the Reserve Bank of India and focuses on investment and financing activities. Its services include business and personal financing, loan against property, commercial vehicle loans, invoice discounting, construction finance, and lease rental discounting. Dhruva Capital serves both individual clients and business owners by offering tailored financial solutions to support business ventures and personal financial needs. Revenue is prominently generated through interest income and fees from its financing operations.
74GF Score
Get the complete analysis for BOM:531237
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:531237 has been successfully added to your 
