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Mangal Electrical IndustriesNSE:MEIL -0.53%19 ROC (Joel Greenblatt) % is 16.02% as of Mar. 2026, which is 25% below its 10-year median of 21.26. GuruFocus rates NSE:MEIL with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 3,060 Industrial Products companies, Mangal Electrical Industries ranks better than 58.5% 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. Mangal Electrical Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.02%.
The historical rank and industry rank for Mangal Electrical Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:MEIL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.42 Med: 21.26 Max: 32.45
Current: 15.74
During the past 5 years, Mangal Electrical Industries's highest ROC (Joel Greenblatt) % was 32.45%. The lowest was 13.42%. And the median was 21.26%.
NSE:MEIL's ROC (Joel Greenblatt) % is ranked better than 58.5% of 3060
companies
in the Industrial Products industry
Industry Median: 11.73
vs NSE:MEIL: 15.74
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.
* 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:MEIL vs VRT, BE: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, Mangal Electrical 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.
Mangal Electrical Industries ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mangal Electrical Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mangal Electrical 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 16.02% mean?
Mangal Electrical Industries (NSE:MEIL) has a ROC (Joel Greenblatt) % of 16.02% 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 Mangal Electrical Industries and its competitors. This is 25% below median its historical median of 21.26. Over the past decade, Mangal Electrical Industries' ROC (Joel Greenblatt) % has ranged from 13.42 to 32.45. According to the industry distribution chart, Mangal Electrical Industries ranks #1270 out of 3060 companies in the Industrial Products industry, placing it in the top 41.5%.
Is Mangal Electrical Industries' ROC (Joel Greenblatt) % too high?
Mangal Electrical Industries' current ROC (Joel Greenblatt) % of 16.02% is 25% below median its 10-year median of 21.26. Over the past 10 years, this metric has ranged from a low of 13.42 to a high of 32.45. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.73. Mangal Electrical Industries' value of 16.02% is 36.6% above this industry median. Based on the distribution chart, Mangal Electrical Industries ranks #1270 out of 3060 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Mangal Electrical Industries has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Mangal Electrical Industries' ROC (Joel Greenblatt) % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Mangal Electrical Industries ranks #1270 out of 3060 companies for ROC (Joel Greenblatt) %. This puts Mangal Electrical Industries in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.73. Mangal Electrical Industries' value of 16.02% is 36.6% above this benchmark. Historically, Mangal Electrical Industries' own ROC (Joel Greenblatt) % has ranged from 13.42 to 32.45 over the past decade. While the company's 10-year median is 21.26 vs. the industry median of 11.73, Mangal Electrical 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.73, based on 3,060 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. Mangal Electrical Industries's current ROC (Joel Greenblatt) % of 16.02% is 36.6% 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 Mangal Electrical Industries and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangal Electrical Industries's current ROC (Joel Greenblatt) % is 16.02%, which is 25% below median its own 10-year median of 21.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangal Electrical Industries stock overvalued right now?
Mangal Electrical Industries (NSE:MEIL) has a current ROC (Joel Greenblatt) % of 16.02%. The current ROC (Joel Greenblatt) % is 16.02%, which is 25% below median its 10-year median of 21.26 and 36.6% above the Industrial Products industry median of 11.73. Mangal Electrical Industries' overall GF Score™ is 19/100 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 Mangal Electrical Industries (NSE:MEIL), the current ROC (Joel Greenblatt) % is 16.02% 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.
Mangal Electrical Industries Ltd is mainly involved in the manufacturing of electrical transformers, CRGO, electrical accessories, and related items, and also executes EPC contracts involving electrical items. The company specializes in processing transformer components such as transformer laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound and toroidal cores, and oil-immersed circuit breakers. It also trades in CRGO and CRNO coils and amorphous ribbons. Additionally, the company manufactures transformers and customized products for the power infrastructure industry, with a range spanning from single-phase 5 KVA to three-phase 10 MVA units, and provides EPC services for setting up electrical substations serving the power sector.
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