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Madras FertilizersNSE:MADRASFERT -1.33%72 ROC (Joel Greenblatt) % is 63.17% as of Mar. 2026, which is 169% above its 10-year median of 23.49. GuruFocus rates NSE:MADRASFERT with a GF Score™ of 72/100 and a GF Value™ of ₹260.46 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 257 Agriculture companies, Madras Fertilizers ranks better than 92.61% 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. Madras Fertilizers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 63.17%.
The historical rank and industry rank for Madras Fertilizers's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:MADRASFERT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.03 Med: 23.49 Max: 52.41
Current: 52.41
During the past 13 years, Madras Fertilizers's highest ROC (Joel Greenblatt) % was 52.41%. The lowest was -7.03%. And the median was 23.49%.
NSE:MADRASFERT's ROC (Joel Greenblatt) % is ranked better than 92.61% of 257
companies
in the Agriculture industry
Industry Median: 10.96
vs NSE:MADRASFERT: 52.41
Madras Fertilizers's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 13.20% per year.
Madras Fertilizers (NSE:MADRASFERT) 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.
Madras Fertilizers ROC (Joel Greenblatt) % Related Terms
Madras Fertilizers ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Madras Fertilizers'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:MADRASFERT vs CTVA, CF, MOS: ROC (Joel Greenblatt) % Comparison
For the Agricultural Inputs subindustry, Madras Fertilizers'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.
Madras Fertilizers ROC (Joel Greenblatt) % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Madras Fertilizers's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Madras Fertilizers's ROC (Joel Greenblatt) % falls into.
Madras Fertilizers 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 63.17% mean?
Madras Fertilizers (NSE:MADRASFERT) has a ROC (Joel Greenblatt) % of 63.17% 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 Madras Fertilizers and its competitors. This is 169% above median its historical median of 23.49. According to the industry distribution chart, Madras Fertilizers ranks #19 out of 257 companies in the Agriculture industry, placing it in the top 7.4%.
Is Madras Fertilizers' ROC (Joel Greenblatt) % too high?
Madras Fertilizers' current ROC (Joel Greenblatt) % of 63.17% is 169% above median its 10-year median of 23.49. The Agriculture industry median ROC (Joel Greenblatt) % is 10.96. Madras Fertilizers' value of 63.17% is 476.4% above this industry median. Based on the distribution chart, Madras Fertilizers ranks #19 out of 257 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Madras Fertilizers has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Madras Fertilizers' ROC (Joel Greenblatt) % compare to CTVA and CF?
According to the Agriculture industry distribution chart, Madras Fertilizers ranks #19 out of 257 companies for ROC (Joel Greenblatt) %. This places Madras Fertilizers in the top 7% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.96. Madras Fertilizers' value of 63.17% is 476.4% above this benchmark. While the company's 10-year median is 23.49 vs. the industry median of 10.96, Madras Fertilizers 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 Agriculture company?
The median ROC (Joel Greenblatt) % among Agriculture companies is 10.96, based on 257 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. Madras Fertilizers's current ROC (Joel Greenblatt) % of 63.17% is 476.4% 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 Madras Fertilizers and its competitors. For the Agriculture industry, the median ROC (Joel Greenblatt) % is 10.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madras Fertilizers's current ROC (Joel Greenblatt) % is 63.17%, which is 169% above median its own 10-year median of 23.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madras Fertilizers stock overvalued right now?
Based on GuruFocus' analysis, Madras Fertilizers (NSE:MADRASFERT) is currently considered Possible Value Trap. The stock's GF Value™ is ₹260.46, compared to a current price of ₹68.02 — trading 73.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 63.17%, which is 169% above median its 10-year median of 23.49 and 476.4% above the Agriculture industry median of 10.96. Madras Fertilizers' overall GF Score™ is 72/100 with 4 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 Madras Fertilizers (NSE:MADRASFERT), the current ROC (Joel Greenblatt) % is 63.17% 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 Madras Fertilizers (NSE:MADRASFERT) Overvalued in 2026?
Based on GuruFocus' analysis, Madras Fertilizers stock appears to be undervalued.
The current stock price of ₹68.02 is trading 73.9% below its estimated GF Value™ of ₹260.46.
GuruFocus considers Madras Fertilizers to be Possible Value Trap.
Key valuation signals for NSE:MADRASFERT:
ROC (Joel Greenblatt) %: 63.17% (169% above median its 10-year median of 23.49)
GF Value™: ₹260.46 vs. price of ₹68.02 (73.9% below fair value)
Industry Position: 476.4% above the Agriculture median (#19 of 257)
No single metric tells the full story. See the NSE:MADRASFERT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Madras Fertilizers Ltd is engaged in the manufacture of ammonia, urea, and complex fertilizers. It is also engaged in manufacturing bio-fertilizers and marketing fertilizers and agrochemicals under the brand name Vijay. The company operates through the manufacture and sale of fertilizers segment. It also provides biofertilizers, including Azospirillum for paddy, plantation crops, and other crops; Rhizobium for groundnuts and pulses; and Phosphor Bacteria and NP Bio for various crops.
72GF Score
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