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Mafatlal IndustriesNSE:MAFATIND -3.49%58 ROC (Joel Greenblatt) % is 27.24% as of Mar. 2026, which is 4% above its 10-year median of 26.30. GuruFocus rates NSE:MAFATIND with a GF Score™ of 58/100 and a GF Value™ of ₹226.20 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,062 Manufacturing - Apparel & Accessories companies, Mafatlal Industries ranks better than 94.16% 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. Mafatlal Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 27.24%.
The historical rank and industry rank for Mafatlal Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:MAFATIND'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -45.46 Med: 26.3 Max: 89.89
Current: 58.37
During the past 13 years, Mafatlal Industries's highest ROC (Joel Greenblatt) % was 89.89%. The lowest was -45.46%. And the median was 26.30%.
NSE:MAFATIND's ROC (Joel Greenblatt) % is ranked better than 94.16% of 1062
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.62
vs NSE:MAFATIND: 58.37
Mafatlal Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Mafatlal Industries ROC (Joel Greenblatt) % Related Terms
Mafatlal Industries ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Mafatlal Industries'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.
For the Textile Manufacturing subindustry, Mafatlal Industries'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.
Mafatlal Industries ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mafatlal Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mafatlal Industries'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 27.24% mean?
Mafatlal Industries (NSE:MAFATIND) has a ROC (Joel Greenblatt) % of 27.24% 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 Mafatlal Industries and its competitors. This is near median its historical median of 26.30. According to the industry distribution chart, Mafatlal Industries ranks #62 out of 1062 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 5.8%.
Is Mafatlal Industries' ROC (Joel Greenblatt) % too high?
Mafatlal Industries' current ROC (Joel Greenblatt) % of 27.24% is near median its 10-year median of 26.30. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.62. Mafatlal Industries' value of 27.24% is 216% above this industry median. Based on the distribution chart, Mafatlal Industries ranks #62 out of 1062 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Mafatlal Industries has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mafatlal Industries' ROC (Joel Greenblatt) % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Mafatlal Industries ranks #62 out of 1062 companies for ROC (Joel Greenblatt) %. This places Mafatlal Industries in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.62. Mafatlal Industries' value of 27.24% is 216% above this benchmark. While the company's 10-year median is 26.30 vs. the industry median of 8.62, Mafatlal Industries 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.62, based on 1,062 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. Mafatlal Industries's current ROC (Joel Greenblatt) % of 27.24% is 216% 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 Mafatlal Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mafatlal Industries's current ROC (Joel Greenblatt) % is 27.24%, which is near median its own 10-year median of 26.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mafatlal Industries stock overvalued right now?
Based on GuruFocus' analysis, Mafatlal Industries (NSE:MAFATIND) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹226.20, compared to a current price of ₹127.52 — trading 43.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 27.24%, which is near median its 10-year median of 26.30 and 216% above the Manufacturing - Apparel & Accessories industry median of 8.62. Mafatlal Industries' overall GF Score™ is 58/100 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 Mafatlal Industries (NSE:MAFATIND), the current ROC (Joel Greenblatt) % is 27.24% 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 Mafatlal Industries (NSE:MAFATIND) Overvalued in 2026?
Based on GuruFocus' analysis, Mafatlal Industries stock appears to be undervalued.
The current stock price of ₹127.52 is trading 43.6% below its estimated GF Value™ of ₹226.20.
GuruFocus considers Mafatlal Industries to be Significantly Undervalued.
Key valuation signals for NSE:MAFATIND:
ROC (Joel Greenblatt) %: 27.24% (near median its 10-year median of 26.30)
GF Value™: ₹226.20 vs. price of ₹127.52 (43.6% below fair value)
Industry Position: 216% above the Manufacturing - Apparel & Accessories median (#62 of 1062)
No single metric tells the full story. See the NSE:MAFATIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mafatlal Industries Ltd operates in the textile with Textiles and Denim business units. It operates in both, the business-to-business (B2B) and the business-to-consumer (B2C) and retail sectors. Company has three segment Textile and Related Products, Digital Infrastructure and Consumer Durables and Others. The company provides polyester cotton, cotton white shirting business, cotton and viscose prints, and high-twist cotton voiles. The firm offers men's wear, including suitings, trousering, shirtings, and readymades; denim; women's wear, including prints, voiles, and nightwear; school uniforms; corporate uniforms; work uniforms; hospitality uniforms; medical uniforms; bed linen; bath towels; specialty fabrics, and ready-to-stitch.
58GF Score
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