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Indian Metals & Ferro AlloysNSE:IMFA -2.46%69 ROC (Joel Greenblatt) % is 18.77% as of Mar. 2026, which is 15% below its 10-year median of 22.08. GuruFocus rates NSE:IMFA with a GF Score™ of 69/100 and a GF Value™ of ₹857.05 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,500 Metals & Mining companies, Indian Metals & Ferro Alloys ranks better than 89.28% 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. Indian Metals & Ferro Alloys's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.77%.
The historical rank and industry rank for Indian Metals & Ferro Alloys's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:IMFA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.5 Med: 22.08 Max: 38.4
Current: 26.54
During the past 13 years, Indian Metals & Ferro Alloys's highest ROC (Joel Greenblatt) % was 38.40%. The lowest was -1.50%. And the median was 22.08%.
NSE:IMFA's ROC (Joel Greenblatt) % is ranked better than 89.28% of 2500
companies
in the Metals & Mining industry
Industry Median: -22.14
vs NSE:IMFA: 26.54
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.
Indian Metals & Ferro Alloys ROC (Joel Greenblatt) % Chart
For the Other Industrial Metals & Mining subindustry, Indian Metals & Ferro Alloys'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.
Indian Metals & Ferro Alloys ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Indian Metals & Ferro Alloys's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Indian Metals & Ferro Alloys's ROC (Joel Greenblatt) % falls into.
Indian Metals & Ferro Alloys 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 18.77% mean?
Indian Metals & Ferro Alloys (NSE:IMFA) has a ROC (Joel Greenblatt) % of 18.77% 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 Indian Metals & Ferro Alloys and its competitors. This is 15% below median its historical median of 22.08. According to the industry distribution chart, Indian Metals & Ferro Alloys ranks #268 out of 2500 companies in the Metals & Mining industry, placing it in the top 10.7%.
Is Indian Metals & Ferro Alloys' ROC (Joel Greenblatt) % too high?
Indian Metals & Ferro Alloys' current ROC (Joel Greenblatt) % of 18.77% is 15% below median its 10-year median of 22.08. Based on the distribution chart, Indian Metals & Ferro Alloys ranks #268 out of 2500 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Indian Metals & Ferro Alloys has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indian Metals & Ferro Alloys' ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, Indian Metals & Ferro Alloys ranks #268 out of 2500 companies for ROC (Joel Greenblatt) %. This places Indian Metals & Ferro Alloys in the top 11% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Indian Metals & Ferro Alloys and its competitors. Indian Metals & Ferro Alloys's current ROC (Joel Greenblatt) % is 18.77%, which is 15% below median its own 10-year median of 22.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Metals & Ferro Alloys stock overvalued right now?
Based on GuruFocus' analysis, Indian Metals & Ferro Alloys (NSE:IMFA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹857.05, compared to a current price of ₹1,336.30 — trading 55.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 18.77%, which is 15% below median its 10-year median of 22.08. Indian Metals & Ferro Alloys' overall GF Score™ is 69/100 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 Indian Metals & Ferro Alloys (NSE:IMFA), the current ROC (Joel Greenblatt) % is 18.77% 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 Indian Metals & Ferro Alloys (NSE:IMFA) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Metals & Ferro Alloys stock appears to be overvalued.
The current stock price of ₹1,336.30 is trading 55.9% above its estimated GF Value™ of ₹857.05.
GuruFocus considers Indian Metals & Ferro Alloys to be Significantly Overvalued.
Key valuation signals for NSE:IMFA:
ROC (Joel Greenblatt) %: 18.77% (15% below median its 10-year median of 22.08)
GF Value™: ₹857.05 vs. price of ₹1,336.30 (55.9% above fair value)
No single metric tells the full story. See the NSE:IMFA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indian Metals & Ferro Alloys Ltd is a producer of value-added ferrochrome in India, with operations spanning the entire value chain from captive chromite mining and power generation to smelting and exports of ferrochrome. The group's reportable segments are Ferro Alloys, Power, Mining, and All Other segments. The majority of its revenue is generated from the Ferro Alloys segment, which produces value-added ferrochrome, which has extensive applications in the manufacture of specialty alloys and stainless steels. Geographically, the majority of the group's revenue is generated through the exports of its products to its customers outside India in countries such as South Korea, China, Taiwan, Japan, and others.
69GF Score
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