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National Securities DepositoryBOM:544467 +0.44%48 ROC (Joel Greenblatt) % is 150.68% as of Jun. 2026, which is 63% below its 10-year median of 403.96. GuruFocus rates BOM:544467 with a GF Score™ of 48/100. The stock has 2 warning signs investors should review. Among 671 Capital Markets companies, National Securities Depository ranks better than 69.15% 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. National Securities Depository's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 150.68%.
The historical rank and industry rank for National Securities Depository's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:544467'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 162.27 Med: 403.96 Max: 726.32
Current: 167.63
During the past 7 years, National Securities Depository's highest ROC (Joel Greenblatt) % was 726.32%. The lowest was 162.27%. And the median was 403.96%.
BOM:544467's ROC (Joel Greenblatt) % is ranked better than 69.15% of 671
companies
in the Capital Markets industry
Industry Median: 40.29
vs BOM:544467: 167.63
National Securities Depository (BOM:544467) 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.
National Securities Depository ROC (Joel Greenblatt) % Chart
BOM:544467 vs SPGI, CME, ICE: ROC (Joel Greenblatt) % Comparison
For the Financial Data & Stock Exchanges subindustry, National Securities Depository'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.
National Securities Depository ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, National Securities Depository's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where National Securities Depository's ROC (Joel Greenblatt) % falls into.
National Securities Depository 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 150.68% mean?
National Securities Depository (BOM:544467) has a ROC (Joel Greenblatt) % of 150.68% 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 National Securities Depository and its competitors. This is 63% below median its historical median of 403.96. Over the past decade, National Securities Depository's ROC (Joel Greenblatt) % has ranged from 162.27 to 726.32. According to the industry distribution chart, National Securities Depository ranks #207 out of 671 companies in the Capital Markets industry, placing it in the top 30.8%.
Is National Securities Depository's ROC (Joel Greenblatt) % too high?
National Securities Depository's current ROC (Joel Greenblatt) % of 150.68% is 63% below median its 10-year median of 403.96. Over the past 10 years, this metric has ranged from a low of 162.27 to a high of 726.32. The Capital Markets industry median ROC (Joel Greenblatt) % is 40.29. National Securities Depository's value of 150.68% is 274% above this industry median. Based on the distribution chart, National Securities Depository ranks #207 out of 671 companies in the Capital Markets industry, which is above the industry midpoint. Overall, National Securities Depository has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does National Securities Depository's ROC (Joel Greenblatt) % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, National Securities Depository ranks #207 out of 671 companies for ROC (Joel Greenblatt) %. This puts National Securities Depository in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 40.29. National Securities Depository's value of 150.68% is 274% above this benchmark. Historically, National Securities Depository's own ROC (Joel Greenblatt) % has ranged from 162.27 to 726.32 over the past decade. While the company's 10-year median is 403.96 vs. the industry median of 40.29, National Securities Depository 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 40.29, based on 671 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. National Securities Depository's current ROC (Joel Greenblatt) % of 150.68% is 274% 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 National Securities Depository and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 40.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Securities Depository's current ROC (Joel Greenblatt) % is 150.68%, which is 63% below median its own 10-year median of 403.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Securities Depository stock overvalued right now?
National Securities Depository (BOM:544467) has a current ROC (Joel Greenblatt) % of 150.68%. The current ROC (Joel Greenblatt) % is 150.68%, which is 63% below median its 10-year median of 403.96 and 274% above the Capital Markets industry median of 40.29. National Securities Depository's overall GF Score™ is 48/100 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 National Securities Depository (BOM:544467), the current ROC (Joel Greenblatt) % is 150.68% 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.
National Securities Depository Ltd is a SEBI-registered market infrastructure institution (MII) that offers a wide range-of-products and services to the financial and securities markets in India. As a depository, it provides a depository framework that allows market participants to engage in the financial and securities markets in India. It also plays a central role in developing products and services that will continue to meet the growing needs of the financial services industry in India. The company's business is to provide depository services to its clients in India, including various services for investors such as dematerialization, re-materialization, holding, transfer, and pledge of securities in electronic form.
48GF Score
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