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Bharat RasayanNSE:BHARATRAS +1.04%62 ROC (Joel Greenblatt) % is 22.20% as of Mar. 2026, which is 30% below its 10-year median of 31.50. GuruFocus rates NSE:BHARATRAS with a GF Score™ of 62/100 and a GF Value™ of ₹2,622.99 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 258 Agriculture companies, Bharat Rasayan ranks better than 75.58% 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. Bharat Rasayan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.20%.
The historical rank and industry rank for Bharat Rasayan's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:BHARATRAS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.15 Med: 31.5 Max: 39.14
Current: 22
During the past 13 years, Bharat Rasayan's highest ROC (Joel Greenblatt) % was 39.14%. The lowest was 15.15%. And the median was 31.50%.
NSE:BHARATRAS's ROC (Joel Greenblatt) % is ranked better than 75.58% of 258
companies
in the Agriculture industry
Industry Median: 10.79
vs NSE:BHARATRAS: 22.00
Bharat Rasayan's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -9.40% 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.
Bharat Rasayan ROC (Joel Greenblatt) % Related Terms
Bharat Rasayan ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Bharat Rasayan'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.
NSE:BHARATRAS vs CTVA, CF, MOS: ROC (Joel Greenblatt) % Comparison
For the Agricultural Inputs subindustry, Bharat Rasayan'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.
Bharat Rasayan ROC (Joel Greenblatt) % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Bharat Rasayan's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bharat Rasayan'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 22.20% mean?
Bharat Rasayan (NSE:BHARATRAS) has a ROC (Joel Greenblatt) % of 22.20% 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 Bharat Rasayan and its competitors. This is 30% below median its historical median of 31.50. Over the past decade, Bharat Rasayan's ROC (Joel Greenblatt) % has ranged from 15.15 to 39.14. According to the industry distribution chart, Bharat Rasayan ranks #63 out of 258 companies in the Agriculture industry, placing it in the top 24.4%.
Is Bharat Rasayan's ROC (Joel Greenblatt) % too high?
Bharat Rasayan's current ROC (Joel Greenblatt) % of 22.20% is 30% below median its 10-year median of 31.50. Over the past 10 years, this metric has ranged from a low of 15.15 to a high of 39.14. The Agriculture industry median ROC (Joel Greenblatt) % is 10.79. Bharat Rasayan's value of 22.20% is 105.7% above this industry median. Based on the distribution chart, Bharat Rasayan ranks #63 out of 258 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Bharat Rasayan has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Rasayan's ROC (Joel Greenblatt) % compare to CTVA and CF?
According to the Agriculture industry distribution chart, Bharat Rasayan ranks #63 out of 258 companies for ROC (Joel Greenblatt) %. This places Bharat Rasayan in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.79. Bharat Rasayan's value of 22.20% is 105.7% above this benchmark. Historically, Bharat Rasayan's own ROC (Joel Greenblatt) % has ranged from 15.15 to 39.14 over the past decade. While the company's 10-year median is 31.50 vs. the industry median of 10.79, Bharat Rasayan 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 an Agriculture company?
The median ROC (Joel Greenblatt) % among Agriculture companies is 10.79, based on 258 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. Bharat Rasayan's current ROC (Joel Greenblatt) % of 22.20% is 105.7% 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 Bharat Rasayan and its competitors. For the Agriculture industry, the median ROC (Joel Greenblatt) % is 10.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Rasayan's current ROC (Joel Greenblatt) % is 22.20%, which is 30% below median its own 10-year median of 31.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Rasayan stock overvalued right now?
Based on GuruFocus' analysis, Bharat Rasayan (NSE:BHARATRAS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,622.99, compared to a current price of ₹1,280.30 — trading 51.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 22.20%, which is 30% below median its 10-year median of 31.50 and 105.7% above the Agriculture industry median of 10.79. Bharat Rasayan's overall GF Score™ is 62/100 with 1 warning sign 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 Bharat Rasayan (NSE:BHARATRAS), the current ROC (Joel Greenblatt) % is 22.20% 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 Bharat Rasayan (NSE:BHARATRAS) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Rasayan stock appears to be undervalued.
The current stock price of ₹1,280.30 is trading 51.2% below its estimated GF Value™ of ₹2,622.99.
GuruFocus considers Bharat Rasayan to be Significantly Undervalued.
Key valuation signals for NSE:BHARATRAS:
ROC (Joel Greenblatt) %: 22.20% (30% below median its 10-year median of 31.50)
GF Value™: ₹2,622.99 vs. price of ₹1,280.30 (51.2% below fair value)
Industry Position: 105.7% above the Agriculture median (#63 of 258)
No single metric tells the full story. See the NSE:BHARATRAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Rasayan Ltd is engaged in the business of agrochemicals. The company is the manufacturer and exporter of pesticides, technical formulation, and intermediaries. The Company operates only in one business segment which is pesticides. Its product categories include Insecticides; Herbicides; Fungicides and Plant Growth Regulator.
62GF Score
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