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MTAR TechnologiesNSE:MTARTECH +2.34%74 ROC (Joel Greenblatt) % is 29.77% as of Mar. 2026, which is 74% above its 10-year median of 17.09. GuruFocus rates NSE:MTARTECH with a GF Score™ of 74/100 and a GF Value™ of ₹3,420.33 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,063 Industrial Products companies, MTAR Technologies ranks better than 60.66% 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. MTAR Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.77%.
The historical rank and industry rank for MTAR Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:MTARTECH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.5 Med: 17.09 Max: 23.8
Current: 16.91
During the past 9 years, MTAR Technologies's highest ROC (Joel Greenblatt) % was 23.80%. The lowest was 9.50%. And the median was 17.09%.
NSE:MTARTECH's ROC (Joel Greenblatt) % is ranked better than 60.66% of 3063
companies
in the Industrial Products industry
Industry Median: 11.69
vs NSE:MTARTECH: 16.91
MTAR Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.00% 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.
MTAR Technologies ROC (Joel Greenblatt) % Related Terms
MTAR Technologies ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for MTAR Technologies'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:MTARTECH vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, MTAR Technologies'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.
MTAR Technologies ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, MTAR Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MTAR Technologies'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 29.77% mean?
MTAR Technologies (NSE:MTARTECH) has a ROC (Joel Greenblatt) % of 29.77% 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 MTAR Technologies and its competitors. This is 74% above median its historical median of 17.09. Over the past decade, MTAR Technologies' ROC (Joel Greenblatt) % has ranged from 9.50 to 23.80. According to the industry distribution chart, MTAR Technologies ranks #1205 out of 3063 companies in the Industrial Products industry, placing it in the top 39.3%.
Is MTAR Technologies' ROC (Joel Greenblatt) % too high?
MTAR Technologies' current ROC (Joel Greenblatt) % of 29.77% is 74% above median its 10-year median of 17.09. Over the past 10 years, this metric has ranged from a low of 9.50 to a high of 23.80. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.69. MTAR Technologies' value of 29.77% is 154.7% above this industry median. Based on the distribution chart, MTAR Technologies ranks #1205 out of 3063 companies in the Industrial Products industry, which is above the industry midpoint. Overall, MTAR Technologies has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTAR Technologies' ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, MTAR Technologies ranks #1205 out of 3063 companies for ROC (Joel Greenblatt) %. This puts MTAR Technologies in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.69. MTAR Technologies' value of 29.77% is 154.7% above this benchmark. Historically, MTAR Technologies' own ROC (Joel Greenblatt) % has ranged from 9.50 to 23.80 over the past decade. While the company's 10-year median is 17.09 vs. the industry median of 11.69, MTAR Technologies 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 11.69, based on 3,063 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. MTAR Technologies's current ROC (Joel Greenblatt) % of 29.77% is 154.7% 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 MTAR Technologies and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTAR Technologies's current ROC (Joel Greenblatt) % is 29.77%, which is 74% above median its own 10-year median of 17.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTAR Technologies stock overvalued right now?
Based on GuruFocus' analysis, MTAR Technologies (NSE:MTARTECH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹3,420.33, compared to a current price of ₹7,101.00 — trading 107.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 29.77%, which is 74% above median its 10-year median of 17.09 and 154.7% above the Industrial Products industry median of 11.69. MTAR Technologies' overall GF Score™ is 74/100 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 MTAR Technologies (NSE:MTARTECH), the current ROC (Joel Greenblatt) % is 29.77% 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 MTAR Technologies (NSE:MTARTECH) Overvalued in 2026?
Based on GuruFocus' analysis, MTAR Technologies stock appears to be overvalued.
The current stock price of ₹7,101.00 is trading 107.6% above its estimated GF Value™ of ₹3,420.33.
GuruFocus considers MTAR Technologies to be Significantly Overvalued.
Key valuation signals for NSE:MTARTECH:
ROC (Joel Greenblatt) %: 29.77% (74% above median its 10-year median of 17.09)
GF Value™: ₹3,420.33 vs. price of ₹7,101.00 (107.6% above fair value)
Industry Position: 154.7% above the Industrial Products median (#1205 of 3063)
No single metric tells the full story. See the NSE:MTARTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTAR Technologies Ltd is a national player in the precision engineering industry. It is engaged in the manufacturing of mission-critical precision components with close tolerance and in critical assemblies through its precision machining, assembly, specialized fabrication, testing, and quality control processes. A wide range of complex product portfolios meets the varied requirements of the Nuclear, Space and Defence, and Clean Energy sector. Geographically, it operates in India as well as Outside India.
74GF Score
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