Modern Threads (India)NSE:MODTHREAD +0.78%38 ROC (Joel Greenblatt) % is 19.64% as of Mar. 2026, which is 23% below its 10-year median of 25.44. GuruFocus rates NSE:MODTHREAD with a GF Score™ of 38/100. The stock has 3 warning signs investors should review. Among 1,056 Manufacturing - Apparel & Accessories companies, Modern Threads (India) ranks better than 70.17% 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. Modern Threads (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.64%.
The historical rank and industry rank for Modern Threads (India)'s ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:MODTHREAD'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.48 Med: 25.44 Max: 268.05
Current: 16.18
During the past 11 years, Modern Threads (India)'s highest ROC (Joel Greenblatt) % was 268.05%. The lowest was 5.48%. And the median was 25.44%.
NSE:MODTHREAD's ROC (Joel Greenblatt) % is ranked better than 70.17% of 1056
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.54
vs NSE:MODTHREAD: 16.18
Modern Threads (India)'s 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.40% per year.
Modern Threads (India) (NSE:MODTHREAD) 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.
Modern Threads (India) ROC (Joel Greenblatt) % Related Terms
Modern Threads (India) ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Modern Threads (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.
Modern Threads (India) ROC (Joel Greenblatt) % Chart
Modern Threads (India) ROC (Joel Greenblatt) % Competitor Comparison
For the Textile Manufacturing subindustry, Modern Threads (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.
Modern Threads (India) ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Modern Threads (India)'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Modern Threads (India)'s ROC (Joel Greenblatt) % falls into.
Modern Threads (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 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 19.64% mean?
Modern Threads (India) (NSE:MODTHREAD) has a ROC (Joel Greenblatt) % of 19.64% 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 Modern Threads (India) and its competitors. This is 23% below median its historical median of 25.44. Over the past decade, Modern Threads (India)'s ROC (Joel Greenblatt) % has ranged from 5.48 to 268.05. According to the industry distribution chart, Modern Threads (India) ranks #315 out of 1056 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 29.8%.
Is Modern Threads (India)'s ROC (Joel Greenblatt) % too high?
Modern Threads (India)'s current ROC (Joel Greenblatt) % of 19.64% is 23% below median its 10-year median of 25.44. Over the past 10 years, this metric has ranged from a low of 5.48 to a high of 268.05. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.54. Modern Threads (India)'s value of 19.64% is 130% above this industry median. Based on the distribution chart, Modern Threads (India) ranks #315 out of 1056 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Modern Threads (India) has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Modern Threads (India)'s ROC (Joel Greenblatt) % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Modern Threads (India) ranks #315 out of 1056 companies for ROC (Joel Greenblatt) %. This puts Modern Threads (India) in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.54. Modern Threads (India)'s value of 19.64% is 130% above this benchmark. Historically, Modern Threads (India)'s own ROC (Joel Greenblatt) % has ranged from 5.48 to 268.05 over the past decade. While the company's 10-year median is 25.44 vs. the industry median of 8.54, Modern Threads (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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.54, based on 1,056 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. Modern Threads (India)'s current ROC (Joel Greenblatt) % of 19.64% is 130% 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 Modern Threads (India) and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Threads (India)'s current ROC (Joel Greenblatt) % is 19.64%, which is 23% below median its own 10-year median of 25.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Threads (India) stock overvalued right now?
Modern Threads (India) (NSE:MODTHREAD) has a current ROC (Joel Greenblatt) % of 19.64%. The current ROC (Joel Greenblatt) % is 19.64%, which is 23% below median its 10-year median of 25.44 and 130% above the Manufacturing - Apparel & Accessories industry median of 8.54. Modern Threads (India)'s overall GF Score™ is 38/100 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 Modern Threads (India) (NSE:MODTHREAD), the current ROC (Joel Greenblatt) % is 19.64% 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.
Modern Threads (India) Ltd is engaged in the textile industry, manufacturing and selling a diverse products, including worsted yarn, wool tops, wool grease, polyester viscose fiber-dyed yarn, polyester yarn, and lanolin. The company mainly produces worsted yarn, wool tops, and synthetic yarn. Its products are exported to over 25 countries across Europe, Latin America, the Far East, the Middle East, and Africa. Its manufacturing plants are located in Raila and Bhilwara. The company has generated the majority of its revenue from India.
38GF Score
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