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IFGL RefractoriesNSE:IFGLEXPOR -2.71%80 ROC (Joel Greenblatt) % is 7.48% as of Mar. 2026, which is 54% below its 10-year median of 16.13. GuruFocus rates NSE:IFGLEXPOR with a GF Score™ of 80/100 and a GF Value™ of ₹306.79 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 408 Building Materials companies, IFGL Refractories ranks worse than 59.07% 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. IFGL Refractories's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.48%.
The historical rank and industry rank for IFGL Refractories's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:IFGLEXPOR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.76 Med: 16.13 Max: 30.83
Current: 5.76
During the past 13 years, IFGL Refractories's highest ROC (Joel Greenblatt) % was 30.83%. The lowest was 5.76%. And the median was 16.13%.
NSE:IFGLEXPOR's ROC (Joel Greenblatt) % is ranked worse than 59.07% of 408
companies
in the Building Materials industry
Industry Median: 8.6
vs NSE:IFGLEXPOR: 5.76
IFGL Refractories's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -28.30% 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.
IFGL Refractories ROC (Joel Greenblatt) % Related Terms
IFGL Refractories ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for IFGL Refractories'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:IFGLEXPOR vs CRH, VMC, MLM: ROC (Joel Greenblatt) % Comparison
For the Building Materials subindustry, IFGL Refractories'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.
IFGL Refractories ROC (Joel Greenblatt) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, IFGL Refractories's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IFGL Refractories'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 7.48% mean?
IFGL Refractories (NSE:IFGLEXPOR) has a ROC (Joel Greenblatt) % of 7.48% 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 IFGL Refractories and its competitors. This is 54% below median its historical median of 16.13. Over the past decade, IFGL Refractories' ROC (Joel Greenblatt) % has ranged from 5.76 to 30.83. According to the industry distribution chart, IFGL Refractories ranks #241 out of 408 companies in the Building Materials industry, placing it in the top 59.1%.
Is IFGL Refractories' ROC (Joel Greenblatt) % too high?
IFGL Refractories' current ROC (Joel Greenblatt) % of 7.48% is 54% below median its 10-year median of 16.13. Over the past 10 years, this metric has ranged from a low of 5.76 to a high of 30.83. The Building Materials industry median ROC (Joel Greenblatt) % is 8.60. IFGL Refractories' value of 7.48% is 13% below this industry median. Based on the distribution chart, IFGL Refractories ranks #241 out of 408 companies in the Building Materials industry, which is below the industry midpoint. Overall, IFGL Refractories has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IFGL Refractories' ROC (Joel Greenblatt) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, IFGL Refractories ranks #241 out of 408 companies for ROC (Joel Greenblatt) %. This places IFGL Refractories in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.60. IFGL Refractories' value of 7.48% is 13% below this benchmark. Historically, IFGL Refractories' own ROC (Joel Greenblatt) % has ranged from 5.76 to 30.83 over the past decade. While the company's 10-year median is 16.13 vs. the industry median of 8.60, IFGL Refractories has consistently been below 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 Building Materials company?
The median ROC (Joel Greenblatt) % among Building Materials companies is 8.60, based on 408 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. IFGL Refractories's current ROC (Joel Greenblatt) % of 7.48% is 13% below 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 IFGL Refractories and its competitors. For the Building Materials industry, the median ROC (Joel Greenblatt) % is 8.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IFGL Refractories's current ROC (Joel Greenblatt) % is 7.48%, which is 54% below median its own 10-year median of 16.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IFGL Refractories stock overvalued right now?
Based on GuruFocus' analysis, IFGL Refractories (NSE:IFGLEXPOR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹306.79, compared to a current price of ₹195.44 — trading 36.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.48%, which is 54% below median its 10-year median of 16.13 and 13% below the Building Materials industry median of 8.60. IFGL Refractories' overall GF Score™ is 80/100 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 IFGL Refractories (NSE:IFGLEXPOR), the current ROC (Joel Greenblatt) % is 7.48% 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 IFGL Refractories (NSE:IFGLEXPOR) Overvalued in 2026?
Based on GuruFocus' analysis, IFGL Refractories stock appears to be undervalued.
The current stock price of ₹195.44 is trading 36.3% below its estimated GF Value™ of ₹306.79.
GuruFocus considers IFGL Refractories to be Significantly Undervalued.
Key valuation signals for NSE:IFGLEXPOR:
ROC (Joel Greenblatt) %: 7.48% (54% below median its 10-year median of 16.13)
GF Value™: ₹306.79 vs. price of ₹195.44 (36.3% below fair value)
Industry Position: 13% below the Building Materials median (#241 of 408)
No single metric tells the full story. See the NSE:IFGLEXPOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IFGL Refractories Ltd is engaged in the manufacturing, trading, and selling of Refractory items and related equipment and accessories used in Steel plants. The Group also provides services to Refractory Goods. The Group operates in one Operating Segment, Specialised Refractories and Ceramics. The Group's production facilities have been segmented into India, Europe (United Kingdom, Germany, and the Czech Republic), Asia excluding India (China), and America (USA). It generates maximum revenue from India. The group provides Solutions for Ferrous and non-ferrous.
80GF Score
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