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Manav infra projectsNSE:MANAV -3.69%78 ROC (Joel Greenblatt) % is 124.74% as of Mar. 2026, which is 277% above its 10-year median of 33.05. GuruFocus rates NSE:MANAV with a GF Score™ of 78/100 and a GF Value™ of ₹29.09 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,780 Construction companies, Manav infra projects ranks better than 81.18% 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. Manav infra projects's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 124.74%.
The historical rank and industry rank for Manav infra projects's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:MANAV'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -52.39 Med: 33.05 Max: 150.88
Current: 62.37
During the past 13 years, Manav infra projects's highest ROC (Joel Greenblatt) % was 150.88%. The lowest was -52.39%. And the median was 33.05%.
NSE:MANAV's ROC (Joel Greenblatt) % is ranked better than 81.18% of 1780
companies
in the Construction industry
Industry Median: 19.77
vs NSE:MANAV: 62.37
Manav infra projects's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Manav infra projects (NSE:MANAV) 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.
Manav infra projects ROC (Joel Greenblatt) % Related Terms
Manav infra projects ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Manav infra projects'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.
Manav infra projects ROC (Joel Greenblatt) % Chart
NSE:MANAV vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Manav infra projects'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.
Manav infra projects ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Manav infra projects's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Manav infra projects's ROC (Joel Greenblatt) % falls into.
Manav infra projects 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 two times the semi-annual (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 124.74% mean?
Manav infra projects (NSE:MANAV) has a ROC (Joel Greenblatt) % of 124.74% 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 Manav infra projects and its competitors. This is 277% above median its historical median of 33.05. According to the industry distribution chart, Manav infra projects ranks #335 out of 1780 companies in the Construction industry, placing it in the top 18.8%.
Is Manav infra projects' ROC (Joel Greenblatt) % too high?
Manav infra projects' current ROC (Joel Greenblatt) % of 124.74% is 277% above median its 10-year median of 33.05. The Construction industry median ROC (Joel Greenblatt) % is 19.77. Manav infra projects' value of 124.74% is 531% above this industry median. Based on the distribution chart, Manav infra projects ranks #335 out of 1780 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Manav infra projects has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manav infra projects' ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Manav infra projects ranks #335 out of 1780 companies for ROC (Joel Greenblatt) %. This places Manav infra projects in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.77. Manav infra projects' value of 124.74% is 531% above this benchmark. While the company's 10-year median is 33.05 vs. the industry median of 19.77, Manav infra projects 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.77, based on 1,780 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. Manav infra projects's current ROC (Joel Greenblatt) % of 124.74% is 531% 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 Manav infra projects and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manav infra projects's current ROC (Joel Greenblatt) % is 124.74%, which is 277% above median its own 10-year median of 33.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manav infra projects stock overvalued right now?
Based on GuruFocus' analysis, Manav infra projects (NSE:MANAV) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹29.09, compared to a current price of ₹23.50 — trading 19.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 124.74%, which is 277% above median its 10-year median of 33.05 and 531% above the Construction industry median of 19.77. Manav infra projects' overall GF Score™ is 78/100 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 Manav infra projects (NSE:MANAV), the current ROC (Joel Greenblatt) % is 124.74% 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 Manav infra projects (NSE:MANAV) Overvalued in 2026?
Based on GuruFocus' analysis, Manav infra projects stock appears to be undervalued.
The current stock price of ₹23.50 is trading 19.2% below its estimated GF Value™ of ₹29.09.
GuruFocus considers Manav infra projects to be Modestly Undervalued.
Key valuation signals for NSE:MANAV:
ROC (Joel Greenblatt) %: 124.74% (277% above median its 10-year median of 33.05)
GF Value™: ₹29.09 vs. price of ₹23.50 (19.2% below fair value)
Industry Position: 531% above the Construction median (#335 of 1780)
No single metric tells the full story. See the NSE:MANAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manav infra projects Ltd is s engaged in infrastructure Development, Infrastructure projects, works Contracts, Site preparation and Clearance services to Real estate sector. It involves civil construction services such as piling, excavation, road construction, land leveling. It also provides earth moving machines and construction equipment on rent for infrastructure and construction-related work. Some of the company's projects include Sevens Sagbag, Aroha, HDIL Commercial Basement Work and others.
78GF Score
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