Raj Oil MillsNSE:ROML -1.99%73 ROC (Joel Greenblatt) % is 13.03% as of Mar. 2026, which is 4% above its 10-year median of 12.48. GuruFocus rates NSE:ROML with a GF Score™ of 73/100 and a GF Value™ of ₹55.48 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,969 Consumer Packaged Goods companies, Raj Oil Mills ranks better than 69.07% 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. Raj Oil Mills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.03%.
The historical rank and industry rank for Raj Oil Mills's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:ROML'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -151.07 Med: 12.48 Max: 25.21
Current: 20.26
During the past 13 years, Raj Oil Mills's highest ROC (Joel Greenblatt) % was 25.21%. The lowest was -151.07%. And the median was 12.48%.
NSE:ROML's ROC (Joel Greenblatt) % is ranked better than 69.07% of 1969
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs NSE:ROML: 20.26
Raj Oil Mills's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.20% 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.
Raj Oil Mills ROC (Joel Greenblatt) % Related Terms
Raj Oil Mills ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Raj Oil Mills'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:ROML vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Raj Oil Mills'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.
Raj Oil Mills ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Raj Oil Mills's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Raj Oil Mills'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 13.03% mean?
Raj Oil Mills (NSE:ROML) has a ROC (Joel Greenblatt) % of 13.03% 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 Raj Oil Mills and its competitors. This is near median its historical median of 12.48. According to the industry distribution chart, Raj Oil Mills ranks #609 out of 1969 companies in the Consumer Packaged Goods industry, placing it in the top 30.9%.
Is Raj Oil Mills' ROC (Joel Greenblatt) % too high?
Raj Oil Mills' current ROC (Joel Greenblatt) % of 13.03% is near median its 10-year median of 12.48. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Raj Oil Mills' value of 13.03% is 8.7% above this industry median. Based on the distribution chart, Raj Oil Mills ranks #609 out of 1969 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Raj Oil Mills has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Raj Oil Mills' ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Raj Oil Mills ranks #609 out of 1969 companies for ROC (Joel Greenblatt) %. This puts Raj Oil Mills in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Raj Oil Mills' value of 13.03% is 8.7% above this benchmark. While the company's 10-year median is 12.48 vs. the industry median of 11.99, Raj Oil Mills 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,969 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. Raj Oil Mills's current ROC (Joel Greenblatt) % of 13.03% is 8.7% 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 Raj Oil Mills and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raj Oil Mills's current ROC (Joel Greenblatt) % is 13.03%, which is near median its own 10-year median of 12.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raj Oil Mills stock overvalued right now?
Based on GuruFocus' analysis, Raj Oil Mills (NSE:ROML) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹55.48, compared to a current price of ₹45.30 — trading 18.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.03%, which is near median its 10-year median of 12.48 and 8.7% above the Consumer Packaged Goods industry median of 11.99. Raj Oil Mills' overall GF Score™ is 73/100 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 Raj Oil Mills (NSE:ROML), the current ROC (Joel Greenblatt) % is 13.03% 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 Raj Oil Mills (NSE:ROML) Overvalued in 2026?
Based on GuruFocus' analysis, Raj Oil Mills stock appears to be undervalued.
The current stock price of ₹45.30 is trading 18.3% below its estimated GF Value™ of ₹55.48.
GuruFocus considers Raj Oil Mills to be Modestly Undervalued.
Key valuation signals for NSE:ROML:
ROC (Joel Greenblatt) %: 13.03% (near median its 10-year median of 12.48)
GF Value™: ₹55.48 vs. price of ₹45.30 (18.3% below fair value)
Industry Position: 8.7% above the Consumer Packaged Goods median (#609 of 1969)
No single metric tells the full story. See the NSE:ROML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Raj Oil Mills Ltd is engaged in the business of manufacturing and trading edible oils. The company offers brands including Cocoraj Coconut Oil, Tilraj Til Oil, Guinea Lite Refined Soyabean Oil, and many more. The operating business segment of the company is Edible Oil and Cakes.
73GF Score
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