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Mangalam OrganicsNSE:MANORG -0.50%80 ROC (Joel Greenblatt) % is 9.82% as of Jun. 2026, which is 33% below its 10-year median of 14.72. GuruFocus rates NSE:MANORG with a GF Score™ of 80/100 and a GF Value™ of ₹559.76 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,607 Chemicals companies, Mangalam Organics ranks worse than 51.71% 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. Mangalam Organics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 9.82%.
The historical rank and industry rank for Mangalam Organics's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:MANORG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.14 Med: 14.72 Max: 84.02
Current: 9.47
During the past 13 years, Mangalam Organics's highest ROC (Joel Greenblatt) % was 84.02%. The lowest was -4.14%. And the median was 14.72%.
NSE:MANORG's ROC (Joel Greenblatt) % is ranked worse than 51.71% of 1607
companies
in the Chemicals industry
Industry Median: 9.97
vs NSE:MANORG: 9.47
Mangalam Organics'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.
Mangalam Organics ROC (Joel Greenblatt) % Related Terms
Mangalam Organics ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Mangalam Organics'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:MANORG vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Mangalam Organics'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.
Mangalam Organics ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Mangalam Organics's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mangalam Organics'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 (Jun. 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 9.82% mean?
Mangalam Organics (NSE:MANORG) has a ROC (Joel Greenblatt) % of 9.82% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Mangalam Organics and its competitors. This is 33% below median its historical median of 14.72. According to the industry distribution chart, Mangalam Organics ranks #831 out of 1607 companies in the Chemicals industry, placing it in the top 51.7%.
Is Mangalam Organics' ROC (Joel Greenblatt) % too high?
Mangalam Organics' current ROC (Joel Greenblatt) % of 9.82% is 33% below median its 10-year median of 14.72. The Chemicals industry median ROC (Joel Greenblatt) % is 9.97. Mangalam Organics' value of 9.82% is 1.5% below this industry median. Based on the distribution chart, Mangalam Organics ranks #831 out of 1607 companies in the Chemicals industry, which is below the industry midpoint. Overall, Mangalam Organics has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mangalam Organics' ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Mangalam Organics ranks #831 out of 1607 companies for ROC (Joel Greenblatt) %. This places Mangalam Organics in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.97. Mangalam Organics' value of 9.82% is 1.5% below this benchmark. While the company's 10-year median is 14.72 vs. the industry median of 9.97, Mangalam Organics has consistently been below 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.97, based on 1,607 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. Mangalam Organics's current ROC (Joel Greenblatt) % of 9.82% is 1.5% below 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 Mangalam Organics and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangalam Organics's current ROC (Joel Greenblatt) % is 9.82%, which is 33% below median its own 10-year median of 14.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangalam Organics stock overvalued right now?
Based on GuruFocus' analysis, Mangalam Organics (NSE:MANORG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹559.76, compared to a current price of ₹447.65 — trading 20% below its estimated fair value. The current ROC (Joel Greenblatt) % is 9.82%, which is 33% below median its 10-year median of 14.72 and 1.5% below the Chemicals industry median of 9.97. Mangalam Organics' overall GF Score™ is 80/100 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 Mangalam Organics (NSE:MANORG), the current ROC (Joel Greenblatt) % is 9.82% as of Jun. 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 Mangalam Organics (NSE:MANORG) Overvalued in 2026?
Based on GuruFocus' analysis, Mangalam Organics stock appears to be undervalued.
The current stock price of ₹447.65 is trading 20% below its estimated GF Value™ of ₹559.76.
GuruFocus considers Mangalam Organics to be Modestly Undervalued.
Key valuation signals for NSE:MANORG:
ROC (Joel Greenblatt) %: 9.82% (33% below median its 10-year median of 14.72)
GF Value™: ₹559.76 vs. price of ₹447.65 (20% below fair value)
Industry Position: 1.5% below the Chemicals median (#831 of 1607)
No single metric tells the full story. See the NSE:MANORG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mangalam Organics Ltd is an India-based company involved in manufacturing chemicals. It is engaged in manufacturing Camphor, Resin, and Sodium Acetate. It has Terpenes and Synthetic Resins as a primary segment, which falls under a single segment of chemicals. Its production unit is located in Kumbhivali, Maharashtra state, India. The terpene products segment, which generates a vast majority of the revenue, includes Camphor technical, Camphene, Isobornyl acetate, Isoborneol, Dipentene, Camphor oil, Pine tar, Pine oil among others. Its resin products include Penta ester gum, Glycerol ester gum, and Gum rosin among others.
80GF Score
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