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Mahindra & MahindraMAHDY 82 ROC (Joel Greenblatt) % is 112.55% as of Mar. 2026, which is 83% above its 10-year median of 61.36. GuruFocus rates MAHDY with a GF Score™ of 82/100. The stock has 3 warning signs investors should review. Among 1,332 Vehicles & Parts companies, Mahindra & Mahindra ranks better than 97.75% 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. Mahindra & Mahindra's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 112.55%.
The historical rank and industry rank for Mahindra & Mahindra's ROC (Joel Greenblatt) % or its related term are showing as below:
MAHDY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 39.69 Med: 61.36 Max: 108
Current: 110.51
During the past 13 years, Mahindra & Mahindra's highest ROC (Joel Greenblatt) % was 108.00%. The lowest was 39.69%. And the median was 61.36%.
MAHDY's ROC (Joel Greenblatt) % is ranked better than 97.75% of 1332
companies
in the Vehicles & Parts industry
Industry Median: 11.965
vs MAHDY: 110.51
Mahindra & Mahindra's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 18.90% per year.
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.
Mahindra & Mahindra ROC (Joel Greenblatt) % Related Terms
Mahindra & Mahindra ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Mahindra & Mahindra'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.
MAHDY vs TSLA, GM, F: ROC (Joel Greenblatt) % Comparison
For the Auto Manufacturers subindustry, Mahindra & Mahindra'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.
Mahindra & Mahindra ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Mahindra & Mahindra's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mahindra & Mahindra's ROC (Joel Greenblatt) % falls into.
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 112.55% mean?
Mahindra & Mahindra (MAHDY) has a ROC (Joel Greenblatt) % of 112.55% 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 Mahindra & Mahindra and its competitors. This is 83% above median its historical median of 61.36. Over the past decade, Mahindra & Mahindra's ROC (Joel Greenblatt) % has ranged from 39.69 to 108.00. According to the industry distribution chart, Mahindra & Mahindra ranks #30 out of 1332 companies in the Vehicles & Parts industry, placing it in the top 2.3%.
Is Mahindra & Mahindra's ROC (Joel Greenblatt) % too high?
Mahindra & Mahindra's current ROC (Joel Greenblatt) % of 112.55% is 83% above median its 10-year median of 61.36. Over the past 10 years, this metric has ranged from a low of 39.69 to a high of 108.00. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.97. Mahindra & Mahindra's value of 112.55% is 840.7% above this industry median. Based on the distribution chart, Mahindra & Mahindra ranks #30 out of 1332 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Mahindra & Mahindra has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Mahindra & Mahindra's ROC (Joel Greenblatt) % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Mahindra & Mahindra ranks #30 out of 1332 companies for ROC (Joel Greenblatt) %. This places Mahindra & Mahindra in the top 2% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.97. Mahindra & Mahindra's value of 112.55% is 840.7% above this benchmark. Historically, Mahindra & Mahindra's own ROC (Joel Greenblatt) % has ranged from 39.69 to 108.00 over the past decade. While the company's 10-year median is 61.36 vs. the industry median of 11.97, Mahindra & Mahindra 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.97, based on 1,332 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. Mahindra & Mahindra's current ROC (Joel Greenblatt) % of 112.55% is 840.7% 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 Mahindra & Mahindra and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahindra & Mahindra's current ROC (Joel Greenblatt) % is 112.55%, which is 83% above median its own 10-year median of 61.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahindra & Mahindra stock overvalued right now?
Mahindra & Mahindra (MAHDY) has a current ROC (Joel Greenblatt) % of 112.55%. The current ROC (Joel Greenblatt) % is 112.55%, which is 83% above median its 10-year median of 61.36 and 840.7% above the Vehicles & Parts industry median of 11.97. Mahindra & Mahindra's overall GF Score™ is 82/100 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 Mahindra & Mahindra (MAHDY), the current ROC (Joel Greenblatt) % is 112.55% 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.
Mahindra & Mahindra Ltd is a holding company. The company's segment includes Automotive; Farm Equipment and Services. It generates maximum revenue from the Automotive segment. The Automotive segment comprises the sale of automobiles, spares, mobility solutions, construction equipment, and related services. Geographically, it derives a majority of its revenue from India.
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