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Britannia IndustriesNSE:BRITANNIA +0.20%95 ROC (Joel Greenblatt) % is 120.65% as of Jun. 2026, which is 4% above its 10-year median of 115.72. GuruFocus rates NSE:BRITANNIA with a GF Score™ of 95/100 and a GF Value™ of ₹6,082.09 (Modestly Undervalued). Among 1,985 Consumer Packaged Goods companies, Britannia Industries ranks better than 96.47% 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. Britannia Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 120.65%.
The historical rank and industry rank for Britannia Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:BRITANNIA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 107.84 Med: 115.72 Max: 145.22
Current: 124.93
During the past 13 years, Britannia Industries's highest ROC (Joel Greenblatt) % was 145.22%. The lowest was 107.84%. And the median was 115.72%.
NSE:BRITANNIA's ROC (Joel Greenblatt) % is ranked better than 96.47% of 1985
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs NSE:BRITANNIA: 124.93
Britannia Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -3.10% per year.
Britannia Industries (NSE:BRITANNIA) 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.
Britannia Industries ROC (Joel Greenblatt) % Related Terms
Britannia Industries ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Britannia Industries'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.
Britannia Industries ROC (Joel Greenblatt) % Chart
NSE:BRITANNIA vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Britannia Industries'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.
Britannia Industries ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Britannia Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Britannia Industries's ROC (Joel Greenblatt) % falls into.
Britannia Industries 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 120.65% mean?
Britannia Industries (NSE:BRITANNIA) has a ROC (Joel Greenblatt) % of 120.65% 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 Britannia Industries and its competitors. This is near median its historical median of 115.72. Over the past decade, Britannia Industries' ROC (Joel Greenblatt) % has ranged from 107.84 to 145.22. According to the industry distribution chart, Britannia Industries ranks #70 out of 1985 companies in the Consumer Packaged Goods industry, placing it in the top 3.5%.
Is Britannia Industries' ROC (Joel Greenblatt) % too high?
Britannia Industries' current ROC (Joel Greenblatt) % of 120.65% is near median its 10-year median of 115.72. Over the past 10 years, this metric has ranged from a low of 107.84 to a high of 145.22. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Britannia Industries' value of 120.65% is 906.3% above this industry median. Based on the distribution chart, Britannia Industries ranks #70 out of 1985 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Britannia Industries has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Britannia Industries' ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Britannia Industries ranks #70 out of 1985 companies for ROC (Joel Greenblatt) %. This places Britannia Industries in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Britannia Industries' value of 120.65% is 906.3% above this benchmark. Historically, Britannia Industries' own ROC (Joel Greenblatt) % has ranged from 107.84 to 145.22 over the past decade. While the company's 10-year median is 115.72 vs. the industry median of 11.99, Britannia Industries 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,985 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. Britannia Industries's current ROC (Joel Greenblatt) % of 120.65% is 906.3% 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 Britannia Industries and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Britannia Industries's current ROC (Joel Greenblatt) % is 120.65%, which is near median its own 10-year median of 115.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Britannia Industries stock overvalued right now?
Based on GuruFocus' analysis, Britannia Industries (NSE:BRITANNIA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹6,082.09, compared to a current price of ₹5,308.50 — trading 12.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 120.65%, which is near median its 10-year median of 115.72 and 906.3% above the Consumer Packaged Goods industry median of 11.99. Britannia Industries' overall GF Score™ is 95/100. 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 Britannia Industries (NSE:BRITANNIA), the current ROC (Joel Greenblatt) % is 120.65% 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.
Is Britannia Industries (NSE:BRITANNIA) Overvalued in 2026?
Based on GuruFocus' analysis, Britannia Industries stock appears to be undervalued.
The current stock price of ₹5,308.50 is trading 12.7% below its estimated GF Value™ of ₹6,082.09.
GuruFocus considers Britannia Industries to be Modestly Undervalued.
Key valuation signals for NSE:BRITANNIA:
ROC (Joel Greenblatt) %: 120.65% (near median its 10-year median of 115.72)
GF Value™: ₹6,082.09 vs. price of ₹5,308.50 (12.7% below fair value)
Industry Position: 906.3% above the Consumer Packaged Goods median (#70 of 1985)
No single metric tells the full story. See the NSE:BRITANNIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressWhitefield Main Road, The Business Precinct, Tower C, 15th, 16th & 17th Floor, Prestige Shantiniketan, Mahadevapura Post, Bengaluru, KA, IND, 560048
Britannia Industries Ltd is an Indian packaged-food company involved in the Manufacturing, trading, and selling food products. Its main product categories are biscuits, breads, dairy, cakes, and rusks. The biscuits product line offers sweet biscuits under the GoodDay brand, crackers under the Five thousand fifty brands, nutritional and digestive biscuits under the NutriChoice brand, and other products. The bread products segment offers whole-wheat breads, white sandwich breads, and bread assortments. The dairy product line sells cheese, milk, and yogurt under the Britannia brand. The cake segment offers bar cakes, muffins, and many more. The operating segment of the Company is identified to be Foods.
95GF Score
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