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IIFL Capital ServicesNSE:IIFLCAPS -0.98%82 ROC (Joel Greenblatt) % is 412.28% as of Mar. 2026, which is 294% above its 10-year median of 104.59. GuruFocus rates NSE:IIFLCAPS with a GF Score™ of 82/100 and a GF Value™ of ₹236.78 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 678 Capital Markets companies, IIFL Capital Services ranks better than 82.15% 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. IIFL Capital Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 412.28%.
The historical rank and industry rank for IIFL Capital Services's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:IIFLCAPS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 46.9 Med: 104.59 Max: 402.16
Current: 402.16
During the past 10 years, IIFL Capital Services's highest ROC (Joel Greenblatt) % was 402.16%. The lowest was 46.90%. And the median was 104.59%.
NSE:IIFLCAPS's ROC (Joel Greenblatt) % is ranked better than 82.15% of 678
companies
in the Capital Markets industry
Industry Median: 34.64
vs NSE:IIFLCAPS: 402.16
IIFL Capital Services's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 38.10% per year.
IIFL Capital Services (NSE:IIFLCAPS) 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.
IIFL Capital Services ROC (Joel Greenblatt) % Related Terms
IIFL Capital Services ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for IIFL Capital Services'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.
IIFL Capital Services ROC (Joel Greenblatt) % Chart
NSE:IIFLCAPS vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, IIFL Capital Services'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.
IIFL Capital Services ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, IIFL Capital Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IIFL Capital Services's ROC (Joel Greenblatt) % falls into.
IIFL Capital Services 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 412.28% mean?
IIFL Capital Services (NSE:IIFLCAPS) has a ROC (Joel Greenblatt) % of 412.28% 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 IIFL Capital Services and its competitors. This is 294% above median its historical median of 104.59. Over the past decade, IIFL Capital Services' ROC (Joel Greenblatt) % has ranged from 46.90 to 402.16. According to the industry distribution chart, IIFL Capital Services ranks #121 out of 678 companies in the Capital Markets industry, placing it in the top 17.8%.
Is IIFL Capital Services' ROC (Joel Greenblatt) % too high?
IIFL Capital Services' current ROC (Joel Greenblatt) % of 412.28% is 294% above median its 10-year median of 104.59. Over the past 10 years, this metric has ranged from a low of 46.90 to a high of 402.16. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.64. IIFL Capital Services' value of 412.28% is 1090.2% above this industry median. Based on the distribution chart, IIFL Capital Services ranks #121 out of 678 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, IIFL Capital Services has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IIFL Capital Services' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, IIFL Capital Services ranks #121 out of 678 companies for ROC (Joel Greenblatt) %. This places IIFL Capital Services in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.64. IIFL Capital Services' value of 412.28% is 1090.2% above this benchmark. Historically, IIFL Capital Services' own ROC (Joel Greenblatt) % has ranged from 46.90 to 402.16 over the past decade. While the company's 10-year median is 104.59 vs. the industry median of 34.64, IIFL Capital Services 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.64, based on 678 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. IIFL Capital Services's current ROC (Joel Greenblatt) % of 412.28% is 1090.2% 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 IIFL Capital Services and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IIFL Capital Services's current ROC (Joel Greenblatt) % is 412.28%, which is 294% above median its own 10-year median of 104.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IIFL Capital Services stock overvalued right now?
Based on GuruFocus' analysis, IIFL Capital Services (NSE:IIFLCAPS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹236.78, compared to a current price of ₹339.60 — trading 43.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 412.28%, which is 294% above median its 10-year median of 104.59 and 1090.2% above the Capital Markets industry median of 34.64. IIFL Capital Services' overall GF Score™ is 82/100 with 9 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 IIFL Capital Services (NSE:IIFLCAPS), the current ROC (Joel Greenblatt) % is 412.28% 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 IIFL Capital Services (NSE:IIFLCAPS) Overvalued in 2026?
Based on GuruFocus' analysis, IIFL Capital Services stock appears to be overvalued.
The current stock price of ₹339.60 is trading 43.4% above its estimated GF Value™ of ₹236.78.
GuruFocus considers IIFL Capital Services to be Significantly Overvalued.
Key valuation signals for NSE:IIFLCAPS:
ROC (Joel Greenblatt) %: 412.28% (294% above median its 10-year median of 104.59)
GF Value™: ₹236.78 vs. price of ₹339.60 (43.4% above fair value)
Industry Position: 1090.2% above the Capital Markets median (#121 of 678)
No single metric tells the full story. See the NSE:IIFLCAPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IIFL Capital Services Ltd is engaged in retail broking and financial product distribution. It operates as an independent full-service retail and institutional broking firm in India and provides a range of investment advisory and financial services. Its clients include corporates, institutional investors, foreign portfolio investors, mutual funds, insurance companies, alternative investment funds, trusts, high-net-worth individuals, and retail investors. The company's retail brokerage and financial services include financial planning, equity, commodities and currency broking, depository participant services, portfolio advisory, and other investment products. Its institutional equities business provides broking, research, and corporate access services to institutional clients.
82GF Score
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