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Dharni Capital ServicesBOM:543753 90 ROC (Joel Greenblatt) % is 49.11% as of Mar. 2026, which is 36% below its 10-year median of 76.69. GuruFocus rates BOM:543753 with a GF Score™ of 90/100 and a GF Value™ of ₹69.85 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 616 Asset Management companies, Dharni Capital Services ranks worse than 53.9% 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. Dharni Capital Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 49.11%.
The historical rank and industry rank for Dharni Capital Services's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:543753'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.91 Med: 76.69 Max: 734.93
Current: 44.22
During the past 7 years, Dharni Capital Services's highest ROC (Joel Greenblatt) % was 734.93%. The lowest was 7.91%. And the median was 76.69%.
BOM:543753's ROC (Joel Greenblatt) % is ranked worse than 53.9% of 616
companies
in the Asset Management industry
Industry Median: 62.695
vs BOM:543753: 44.22
Dharni Capital Services's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -36.00% per year.
Dharni Capital Services (BOM:543753) 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.
Dharni Capital Services ROC (Joel Greenblatt) % Related Terms
Dharni Capital Services ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Dharni 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.
Dharni Capital Services ROC (Joel Greenblatt) % Chart
BOM:543753 vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Dharni 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.
Dharni Capital Services ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Dharni Capital Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dharni Capital Services's ROC (Joel Greenblatt) % falls into.
Dharni 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 two times the semi-annual (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 49.11% mean?
Dharni Capital Services (BOM:543753) has a ROC (Joel Greenblatt) % of 49.11% 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 Dharni Capital Services and its competitors. This is 36% below median its historical median of 76.69. Over the past decade, Dharni Capital Services' ROC (Joel Greenblatt) % has ranged from 7.91 to 734.93. According to the industry distribution chart, Dharni Capital Services ranks #332 out of 616 companies in the Asset Management industry, placing it in the top 53.9%.
Is Dharni Capital Services' ROC (Joel Greenblatt) % too high?
Dharni Capital Services' current ROC (Joel Greenblatt) % of 49.11% is 36% below median its 10-year median of 76.69. Over the past 10 years, this metric has ranged from a low of 7.91 to a high of 734.93. The Asset Management industry median ROC (Joel Greenblatt) % is 62.70. Dharni Capital Services' value of 49.11% is 21.7% below this industry median. Based on the distribution chart, Dharni Capital Services ranks #332 out of 616 companies in the Asset Management industry, which is below the industry midpoint. Overall, Dharni Capital Services has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dharni Capital Services' ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Dharni Capital Services ranks #332 out of 616 companies for ROC (Joel Greenblatt) %. This places Dharni Capital Services in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 62.70. Dharni Capital Services' value of 49.11% is 21.7% below this benchmark. Historically, Dharni Capital Services' own ROC (Joel Greenblatt) % has ranged from 7.91 to 734.93 over the past decade. While the company's 10-year median is 76.69 vs. the industry median of 62.70, Dharni Capital Services has consistently been below 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 62.70, based on 616 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. Dharni Capital Services's current ROC (Joel Greenblatt) % of 49.11% is 21.7% below 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 Dharni Capital Services and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 62.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dharni Capital Services's current ROC (Joel Greenblatt) % is 49.11%, which is 36% below median its own 10-year median of 76.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dharni Capital Services stock overvalued right now?
Based on GuruFocus' analysis, Dharni Capital Services (BOM:543753) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹69.85, compared to a current price of ₹55.00 — trading 21.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 49.11%, which is 36% below median its 10-year median of 76.69 and 21.7% below the Asset Management industry median of 62.70. Dharni Capital Services' overall GF Score™ is 90/100 with 2 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 Dharni Capital Services (BOM:543753), the current ROC (Joel Greenblatt) % is 49.11% 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 Dharni Capital Services (BOM:543753) Overvalued in 2026?
Based on GuruFocus' analysis, Dharni Capital Services stock appears to be undervalued.
The current stock price of ₹55.00 is trading 21.3% below its estimated GF Value™ of ₹69.85.
GuruFocus considers Dharni Capital Services to be Modestly Undervalued.
Key valuation signals for BOM:543753:
ROC (Joel Greenblatt) %: 49.11% (36% below median its 10-year median of 76.69)
GF Value™: ₹69.85 vs. price of ₹55.00 (21.3% below fair value)
Industry Position: 21.7% below the Asset Management median (#332 of 616)
No single metric tells the full story. See the BOM:543753 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dharni Capital Services Ltd is a one-stop shop for all financial services requirements, with a special focus on Investment Advisory Services. The company strives to cater to various financial needs, including but not limited to Investment Management, Financial Planning, Income Tax, Accounting, and Business Advisory services. The company's revenue includes offering Diversified Financial services such as Mutual Fund Distribution services and Fixed Deposit Distribution services, Real Estate Brokerage services, and Technical Consultancy and Outsourcing services, and also offers a technology-enabled, comprehensive Investment and Financial services platform with end-to-end solutions critical for financial product distribution and presence across both online and offline channels.
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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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