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Narmada AgrobaseNSE:NARMADA +3.16%62 ROC (Joel Greenblatt) % is 9.89% as of Mar. 2026, which is 4% above its 10-year median of 9.53. GuruFocus rates NSE:NARMADA with a GF Score™ of 62/100 and a GF Value™ of ₹11.95 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 257 Agriculture companies, Narmada Agrobase ranks better than 54.09% 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. Narmada Agrobase's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.89%.
The historical rank and industry rank for Narmada Agrobase's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:NARMADA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.12 Med: 9.53 Max: 16.81
Current: 12.36
During the past 13 years, Narmada Agrobase's highest ROC (Joel Greenblatt) % was 16.81%. The lowest was 7.12%. And the median was 9.53%.
NSE:NARMADA's ROC (Joel Greenblatt) % is ranked better than 54.09% of 257
companies
in the Agriculture industry
Industry Median: 10.94
vs NSE:NARMADA: 12.36
Narmada Agrobase's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 14.10% 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.
Narmada Agrobase ROC (Joel Greenblatt) % Related Terms
Narmada Agrobase ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Narmada Agrobase'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:NARMADA vs CTVA, CF, MOS: ROC (Joel Greenblatt) % Comparison
For the Agricultural Inputs subindustry, Narmada Agrobase'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.
Narmada Agrobase ROC (Joel Greenblatt) % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Narmada Agrobase's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Narmada Agrobase'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 9.89% mean?
Narmada Agrobase (NSE:NARMADA) has a ROC (Joel Greenblatt) % of 9.89% 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 Narmada Agrobase and its competitors. This is near median its historical median of 9.53. Over the past decade, Narmada Agrobase's ROC (Joel Greenblatt) % has ranged from 7.12 to 16.81. According to the industry distribution chart, Narmada Agrobase ranks #118 out of 257 companies in the Agriculture industry, placing it in the top 45.9%.
Is Narmada Agrobase's ROC (Joel Greenblatt) % too high?
Narmada Agrobase's current ROC (Joel Greenblatt) % of 9.89% is near median its 10-year median of 9.53. Over the past 10 years, this metric has ranged from a low of 7.12 to a high of 16.81. The Agriculture industry median ROC (Joel Greenblatt) % is 10.94. Narmada Agrobase's value of 9.89% is 9.6% below this industry median. Based on the distribution chart, Narmada Agrobase ranks #118 out of 257 companies in the Agriculture industry, which is above the industry midpoint. Overall, Narmada Agrobase has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Narmada Agrobase's ROC (Joel Greenblatt) % compare to CTVA and CF?
According to the Agriculture industry distribution chart, Narmada Agrobase ranks #118 out of 257 companies for ROC (Joel Greenblatt) %. This puts Narmada Agrobase in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.94. Narmada Agrobase's value of 9.89% is 9.6% below this benchmark. Historically, Narmada Agrobase's own ROC (Joel Greenblatt) % has ranged from 7.12 to 16.81 over the past decade. While the company's 10-year median is 9.53 vs. the industry median of 10.94, Narmada Agrobase 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 an Agriculture company?
The median ROC (Joel Greenblatt) % among Agriculture companies is 10.94, based on 257 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. Narmada Agrobase's current ROC (Joel Greenblatt) % of 9.89% is 9.6% 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 Narmada Agrobase and its competitors. For the Agriculture industry, the median ROC (Joel Greenblatt) % is 10.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Narmada Agrobase's current ROC (Joel Greenblatt) % is 9.89%, which is near median its own 10-year median of 9.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Narmada Agrobase stock overvalued right now?
Based on GuruFocus' analysis, Narmada Agrobase (NSE:NARMADA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹11.95, compared to a current price of ₹39.18 — trading 227.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 9.89%, which is near median its 10-year median of 9.53 and 9.6% below the Agriculture industry median of 10.94. Narmada Agrobase's overall GF Score™ is 62/100 with 9 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 Narmada Agrobase (NSE:NARMADA), the current ROC (Joel Greenblatt) % is 9.89% 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 Narmada Agrobase (NSE:NARMADA) Overvalued in 2026?
Based on GuruFocus' analysis, Narmada Agrobase stock appears to be overvalued.
The current stock price of ₹39.18 is trading 227.9% above its estimated GF Value™ of ₹11.95.
GuruFocus considers Narmada Agrobase to be Significantly Overvalued.
Key valuation signals for NSE:NARMADA:
ROC (Joel Greenblatt) %: 9.89% (near median its 10-year median of 9.53)
GF Value™: ₹11.95 vs. price of ₹39.18 (227.9% above fair value)
Industry Position: 9.6% below the Agriculture median (#118 of 257)
No single metric tells the full story. See the NSE:NARMADA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Narmada Agrobase Ltd is engaged in the manufacturing and processing of cotton seed meal cake, cattle feeds and soya bean meal. Its product portfolio includes Cattle Feeds; Cotton Seeds Meal Cake; Cotton Seed Meal Grinder; Delinted Cotton Seeds; Guar Meal; Cotton Linter; and Neem Cake Fertilizer. The company's only operating segment being the manufacturing of delinted cotton seeds.
62GF Score
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