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SML MahindraNSE:SMLMAH -0.35%69 ROC (Joel Greenblatt) % is 44.11% as of Jun. 2026, which is 441% above its 10-year median of 8.15. GuruFocus rates NSE:SMLMAH with a GF Score™ of 69/100 and a GF Value™ of ₹2,820.99 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,331 Vehicles & Parts companies, SML Mahindra ranks better than 84.37% 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. SML Mahindra's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 44.11%.
The historical rank and industry rank for SML Mahindra's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:SMLMAH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -24.8 Med: 8.15 Max: 31.83
Current: 31.83
During the past 13 years, SML Mahindra's highest ROC (Joel Greenblatt) % was 31.83%. The lowest was -24.80%. And the median was 8.15%.
NSE:SMLMAH's ROC (Joel Greenblatt) % is ranked better than 84.37% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 12.15
vs NSE:SMLMAH: 31.83
SML Mahindra's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
SML Mahindra ROC (Joel Greenblatt) % Related Terms
SML Mahindra ROC (Joel Greenblatt) % Historical Data
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The historical data trend for SML Mahindra'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:SMLMAH vs TSLA, GM, F: ROC (Joel Greenblatt) % Comparison
For the Auto Manufacturers subindustry, SML Mahindra'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.
SML Mahindra ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, SML Mahindra's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SML Mahindra'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 (Jun. 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 44.11% mean?
SML Mahindra (NSE:SMLMAH) has a ROC (Joel Greenblatt) % of 44.11% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on SML Mahindra and its competitors. This is 441% above median its historical median of 8.15. According to the industry distribution chart, SML Mahindra ranks #208 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 15.6%.
Is SML Mahindra's ROC (Joel Greenblatt) % too high?
SML Mahindra's current ROC (Joel Greenblatt) % of 44.11% is 441% above median its 10-year median of 8.15. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.15. SML Mahindra's value of 44.11% is 263% above this industry median. Based on the distribution chart, SML Mahindra ranks #208 out of 1331 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, SML Mahindra has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SML Mahindra's ROC (Joel Greenblatt) % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, SML Mahindra ranks #208 out of 1331 companies for ROC (Joel Greenblatt) %. This places SML Mahindra in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.15. SML Mahindra's value of 44.11% is 263% above this benchmark. While the company's 10-year median is 8.15 vs. the industry median of 12.15, SML Mahindra 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.15, based on 1,331 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. SML Mahindra's current ROC (Joel Greenblatt) % of 44.11% is 263% 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 SML Mahindra and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SML Mahindra's current ROC (Joel Greenblatt) % is 44.11%, which is 441% above median its own 10-year median of 8.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SML Mahindra stock overvalued right now?
Based on GuruFocus' analysis, SML Mahindra (NSE:SMLMAH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹2,820.99, compared to a current price of ₹5,208.50 — trading 84.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 44.11%, which is 441% above median its 10-year median of 8.15 and 263% above the Vehicles & Parts industry median of 12.15. SML Mahindra's overall GF Score™ is 69/100 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 SML Mahindra (NSE:SMLMAH), the current ROC (Joel Greenblatt) % is 44.11% as of Jun. 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 SML Mahindra (NSE:SMLMAH) Overvalued in 2026?
Based on GuruFocus' analysis, SML Mahindra stock appears to be overvalued.
The current stock price of ₹5,208.50 is trading 84.6% above its estimated GF Value™ of ₹2,820.99.
GuruFocus considers SML Mahindra to be Significantly Overvalued.
Key valuation signals for NSE:SMLMAH:
ROC (Joel Greenblatt) %: 44.11% (441% above median its 10-year median of 8.15)
GF Value™: ₹2,820.99 vs. price of ₹5,208.50 (84.6% above fair value)
Industry Position: 263% above the Vehicles & Parts median (#208 of 1331)
No single metric tells the full story. See the NSE:SMLMAH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SML Mahindra Ltd, formerly SML Isuzu Ltd is engaged in the business of manufacturing and selling of commercial vehicles including light and medium-duty trucks, buses, ambulances, and specialized vehicles. The company integrates Japanese technology with local manufacturing to offer reliable and cost-effective transportation solutions. Its product portfolio spans cargo trucks and passenger buses with variants that support different industries such as education, tourism, and corporate transport. Revenue is majorly generated through the sale of vehicles and after-sales services including telematics support. The company operates predominantly in India and exports to several countries across Africa and Asia.
69GF Score
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