Gujarat Mineral DevelopmentNSE:GMDCLTD -0.73%64 ROC (Joel Greenblatt) % is 44.54% as of Mar. 2026, which is 87% above its 10-year median of 23.76. GuruFocus rates NSE:GMDCLTD with a GF Score™ of 64/100 and a GF Value™ of ₹372.56 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 181 Other Energy Sources companies, Gujarat Mineral Development ranks better than 91.71% 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. Gujarat Mineral Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 44.54%.
The historical rank and industry rank for Gujarat Mineral Development's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:GMDCLTD'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13.99 Med: 23.76 Max: 69.32
Current: 51.13
During the past 13 years, Gujarat Mineral Development's highest ROC (Joel Greenblatt) % was 69.32%. The lowest was -13.99%. And the median was 23.76%.
NSE:GMDCLTD's ROC (Joel Greenblatt) % is ranked better than 91.71% of 181
companies
in the Other Energy Sources industry
Industry Median: 2.61
vs NSE:GMDCLTD: 51.13
Gujarat Mineral Development (NSE:GMDCLTD) 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.
Gujarat Mineral Development ROC (Joel Greenblatt) % Chart
Gujarat Mineral Development ROC (Joel Greenblatt) % Competitor Comparison
For the Thermal Coal subindustry, Gujarat Mineral Development'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.
Gujarat Mineral Development ROC (Joel Greenblatt) % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Gujarat Mineral Development's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Gujarat Mineral Development's ROC (Joel Greenblatt) % falls into.
Gujarat Mineral Development 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 (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 44.54% mean?
Gujarat Mineral Development (NSE:GMDCLTD) has a ROC (Joel Greenblatt) % of 44.54% 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 Gujarat Mineral Development and its competitors. This is 87% above median its historical median of 23.76. According to the industry distribution chart, Gujarat Mineral Development ranks #15 out of 181 companies in the Other Energy Sources industry, placing it in the top 8.3%.
Is Gujarat Mineral Development's ROC (Joel Greenblatt) % too high?
Gujarat Mineral Development's current ROC (Joel Greenblatt) % of 44.54% is 87% above median its 10-year median of 23.76. The Other Energy Sources industry median ROC (Joel Greenblatt) % is 2.61. Gujarat Mineral Development's value of 44.54% is 1606.5% above this industry median. Based on the distribution chart, Gujarat Mineral Development ranks #15 out of 181 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Gujarat Mineral Development has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gujarat Mineral Development's ROC (Joel Greenblatt) % compare to competitors?
According to the Other Energy Sources industry distribution chart, Gujarat Mineral Development ranks #15 out of 181 companies for ROC (Joel Greenblatt) %. This places Gujarat Mineral Development in the top 8% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 2.61. Gujarat Mineral Development's value of 44.54% is 1606.5% above this benchmark. While the company's 10-year median is 23.76 vs. the industry median of 2.61, Gujarat Mineral Development 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 Other Energy Sources company?
The median ROC (Joel Greenblatt) % among Other Energy Sources companies is 2.61, based on 181 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. Gujarat Mineral Development's current ROC (Joel Greenblatt) % of 44.54% is 1606.5% 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 Gujarat Mineral Development and its competitors. For the Other Energy Sources industry, the median ROC (Joel Greenblatt) % is 2.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat Mineral Development's current ROC (Joel Greenblatt) % is 44.54%, which is 87% above median its own 10-year median of 23.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat Mineral Development stock overvalued right now?
Based on GuruFocus' analysis, Gujarat Mineral Development (NSE:GMDCLTD) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹372.56, compared to a current price of ₹597.00 — trading 60.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 44.54%, which is 87% above median its 10-year median of 23.76 and 1606.5% above the Other Energy Sources industry median of 2.61. Gujarat Mineral Development's overall GF Score™ is 64/100 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 Gujarat Mineral Development (NSE:GMDCLTD), the current ROC (Joel Greenblatt) % is 44.54% 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 Gujarat Mineral Development (NSE:GMDCLTD) Overvalued in 2026?
Based on GuruFocus' analysis, Gujarat Mineral Development stock appears to be overvalued.
The current stock price of ₹597.00 is trading 60.2% above its estimated GF Value™ of ₹372.56.
GuruFocus considers Gujarat Mineral Development to be Significantly Overvalued.
Key valuation signals for NSE:GMDCLTD:
ROC (Joel Greenblatt) %: 44.54% (87% above median its 10-year median of 23.76)
GF Value™: ₹372.56 vs. price of ₹597.00 (60.2% above fair value)
Industry Position: 1606.5% above the Other Energy Sources median (#15 of 181)
No single metric tells the full story. See the NSE:GMDCLTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gujarat Mineral Development Corp Ltd is a mineral resource mining company. Its operations include lignite mining, bauxite mining, fluorspar mining, manganese mining, and power generation. The company's segments include Mining and Power. The majority of its revenue is derived from the Mining segment which engages in the mining and sale of manganese, bauxite, limestone, silica sand, and others. Geographically, the company operates only in India.
64GF Score
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