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MCON Rasayan IndiaNSE:MCON -2.34%68 ROC (Joel Greenblatt) % is 13.36% as of Mar. 2026, which is 21% below its 10-year median of 16.82. GuruFocus rates NSE:MCON with a GF Score™ of 68/100 and a GF Value™ of ₹182.84 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,604 Chemicals companies, MCON Rasayan India ranks better than 56.48% 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. MCON Rasayan India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.36%.
The historical rank and industry rank for MCON Rasayan India's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:MCON'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.13 Med: 16.82 Max: 18.47
Current: 11.56
During the past 7 years, MCON Rasayan India's highest ROC (Joel Greenblatt) % was 18.47%. The lowest was 11.13%. And the median was 16.82%.
NSE:MCON's ROC (Joel Greenblatt) % is ranked better than 56.48% of 1604
companies
in the Chemicals industry
Industry Median: 9.645
vs NSE:MCON: 11.56
MCON Rasayan India's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.20% per year.
MCON Rasayan India (NSE:MCON) 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.
MCON Rasayan India ROC (Joel Greenblatt) % Related Terms
MCON Rasayan India ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for MCON Rasayan India'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:MCON vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, MCON Rasayan India'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.
MCON Rasayan India ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, MCON Rasayan India's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MCON Rasayan India's ROC (Joel Greenblatt) % falls into.
MCON Rasayan India 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 13.36% mean?
MCON Rasayan India (NSE:MCON) has a ROC (Joel Greenblatt) % of 13.36% 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 MCON Rasayan India and its competitors. This is 21% below median its historical median of 16.82. Over the past decade, MCON Rasayan India's ROC (Joel Greenblatt) % has ranged from 11.13 to 18.47. According to the industry distribution chart, MCON Rasayan India ranks #698 out of 1604 companies in the Chemicals industry, placing it in the top 43.5%.
Is MCON Rasayan India's ROC (Joel Greenblatt) % too high?
MCON Rasayan India's current ROC (Joel Greenblatt) % of 13.36% is 21% below median its 10-year median of 16.82. Over the past 10 years, this metric has ranged from a low of 11.13 to a high of 18.47. The Chemicals industry median ROC (Joel Greenblatt) % is 9.65. MCON Rasayan India's value of 13.36% is 38.5% above this industry median. Based on the distribution chart, MCON Rasayan India ranks #698 out of 1604 companies in the Chemicals industry, which is above the industry midpoint. Overall, MCON Rasayan India has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MCON Rasayan India's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, MCON Rasayan India ranks #698 out of 1604 companies for ROC (Joel Greenblatt) %. This puts MCON Rasayan India in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.65. MCON Rasayan India's value of 13.36% is 38.5% above this benchmark. Historically, MCON Rasayan India's own ROC (Joel Greenblatt) % has ranged from 11.13 to 18.47 over the past decade. While the company's 10-year median is 16.82 vs. the industry median of 9.65, MCON Rasayan India 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.65, based on 1,604 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. MCON Rasayan India's current ROC (Joel Greenblatt) % of 13.36% is 38.5% 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 MCON Rasayan India and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MCON Rasayan India's current ROC (Joel Greenblatt) % is 13.36%, which is 21% below median its own 10-year median of 16.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MCON Rasayan India stock overvalued right now?
Based on GuruFocus' analysis, MCON Rasayan India (NSE:MCON) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹182.84, compared to a current price of ₹43.90 — trading 76% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.36%, which is 21% below median its 10-year median of 16.82 and 38.5% above the Chemicals industry median of 9.65. MCON Rasayan India's overall GF Score™ is 68/100 with 5 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 MCON Rasayan India (NSE:MCON), the current ROC (Joel Greenblatt) % is 13.36% 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 MCON Rasayan India (NSE:MCON) Overvalued in 2026?
Based on GuruFocus' analysis, MCON Rasayan India stock appears to be undervalued.
The current stock price of ₹43.90 is trading 76% below its estimated GF Value™ of ₹182.84.
GuruFocus considers MCON Rasayan India to be Significantly Undervalued.
Key valuation signals for NSE:MCON:
ROC (Joel Greenblatt) %: 13.36% (21% below median its 10-year median of 16.82)
GF Value™: ₹182.84 vs. price of ₹43.90 (76% below fair value)
Industry Position: 38.5% above the Chemicals median (#698 of 1604)
No single metric tells the full story. See the NSE:MCON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MCON Rasayan India Ltd is engaged mainly in the business of manufacturing and selling modern building materials and construction chemicals. Its product offerings include waterproofing chemicals, wall finishes and paints (acrylic putty, distemper, emulsion, etc.), tile adhesives and grout, sealant, ready-mix mortar, protective coating chemicals, concrete repair and flooring chemicals, admixtures, etc.
68GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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