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RNFI ServicesNSE:RNFI +0.77%44 ROC (Joel Greenblatt) % is 145.79% as of Mar. 2026, which is 41% above its 10-year median of 103.31. GuruFocus rates NSE:RNFI with a GF Score™ of 44/100. The stock has 5 warning signs investors should review. Among 680 Capital Markets companies, RNFI Services ranks better than 68.82% 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. RNFI Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 145.79%.
The historical rank and industry rank for RNFI Services's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:RNFI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 69.6 Med: 103.31 Max: 152.98
Current: 152.98
During the past 6 years, RNFI Services's highest ROC (Joel Greenblatt) % was 152.98%. The lowest was 69.60%. And the median was 103.31%.
NSE:RNFI's ROC (Joel Greenblatt) % is ranked better than 68.82% of 680
companies
in the Capital Markets industry
Industry Median: 34.39
vs NSE:RNFI: 152.98
RNFI Services's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 12.30% 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.
RNFI Services ROC (Joel Greenblatt) % Related Terms
RNFI Services ROC (Joel Greenblatt) % Historical Data
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The historical data trend for RNFI Services'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:RNFI vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, RNFI Services'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.
RNFI Services ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, RNFI Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where RNFI Services'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 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 145.79% mean?
RNFI Services (NSE:RNFI) has a ROC (Joel Greenblatt) % of 145.79% 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 RNFI Services and its competitors. This is 41% above median its historical median of 103.31. Over the past decade, RNFI Services' ROC (Joel Greenblatt) % has ranged from 69.60 to 152.98. According to the industry distribution chart, RNFI Services ranks #212 out of 680 companies in the Capital Markets industry, placing it in the top 31.2%.
Is RNFI Services' ROC (Joel Greenblatt) % too high?
RNFI Services' current ROC (Joel Greenblatt) % of 145.79% is 41% above median its 10-year median of 103.31. Over the past 10 years, this metric has ranged from a low of 69.60 to a high of 152.98. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.39. RNFI Services' value of 145.79% is 323.9% above this industry median. Based on the distribution chart, RNFI Services ranks #212 out of 680 companies in the Capital Markets industry, which is above the industry midpoint. Overall, RNFI Services has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does RNFI Services' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, RNFI Services ranks #212 out of 680 companies for ROC (Joel Greenblatt) %. This puts RNFI Services in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 34.39. RNFI Services' value of 145.79% is 323.9% above this benchmark. Historically, RNFI Services' own ROC (Joel Greenblatt) % has ranged from 69.60 to 152.98 over the past decade. While the company's 10-year median is 103.31 vs. the industry median of 34.39, RNFI Services 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.39, based on 680 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. RNFI Services's current ROC (Joel Greenblatt) % of 145.79% is 323.9% 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 RNFI Services and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RNFI Services's current ROC (Joel Greenblatt) % is 145.79%, which is 41% above median its own 10-year median of 103.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RNFI Services stock overvalued right now?
RNFI Services (NSE:RNFI) has a current ROC (Joel Greenblatt) % of 145.79%. The current ROC (Joel Greenblatt) % is 145.79%, which is 41% above median its 10-year median of 103.31 and 323.9% above the Capital Markets industry median of 34.39. RNFI Services' overall GF Score™ is 44/100 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 RNFI Services (NSE:RNFI), the current ROC (Joel Greenblatt) % is 145.79% 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.
RNFI Services Ltd is a business correspondent of various banks and payment banks and engaged in the business of Domestic Money Transfer (DMT), IMPS, Aadhar Enabled Payment System (AEPS), Mobile Recharges, Railway and Air Tickets, Cash Management Services, EMI Collection Services, Delinquent Loan Collection and other incidental business through its merchants (namely Retailers, Distributors, Partners and Super Distributors) network across India. The group's reportable segments are: Business Correspondent, Non-Business Correspondent, Full Fledge Money Changer, and Direct Insurance Broking. Maximum revenue is generated from its Full Fledge Money Changer segment, which comprises all sales and purchases of foreign currency and services belonging to FFMC (Full Fledge Money Changer).
44GF Score
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