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10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
SML Mahindra's 10-Year ROIIC % for the quarter that ended in Mar. 2026 was 25.99%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for SML Mahindra's 10-Year ROIIC % or its related term are showing as below:
NSE:SMLMAH's 10-Year ROIIC % is ranked better than 89.38% of 1111
companies
in the Vehicles & Parts industry
Industry Median: 3.75
vs NSE:SMLMAH: 25.99
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
SML Mahindra 10-Year ROIIC % Related Terms
SML Mahindra 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for SML Mahindra's 10-Year ROIIC % 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: 10-Year ROIIC % Comparison
For the Auto Manufacturers subindustry, SML Mahindra's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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 10-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, SML Mahindra's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where SML Mahindra's 10-Year ROIIC % falls into.
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
SML Mahindra (NSE:SMLMAH) has a 10-Year ROIIC % of 25.99 as of Mar. 2026. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on SML Mahindra and its competitors. According to the industry distribution chart, SML Mahindra ranks #118 out of 1111 companies in the Vehicles & Parts industry, placing it in the top 10.6%.
Is SML Mahindra's 10-Year ROIIC % too high?
SML Mahindra's current 10-Year ROIIC % is 25.99. The Vehicles & Parts industry median 10-Year ROIIC % is 3.75. SML Mahindra's value of 25.99 is 593.1% above this industry median. Based on the distribution chart, SML Mahindra ranks #118 out of 1111 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 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SML Mahindra's 10-Year ROIIC % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, SML Mahindra ranks #118 out of 1111 companies for 10-Year ROIIC %. This places SML Mahindra in the top 11% of its industry — outperforming the majority of peers. The industry median 10-Year ROIIC % is 3.75. SML Mahindra's value of 25.99 is 593.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a Vehicles & Parts company?
The median 10-Year ROIIC % among Vehicles & Parts companies is 3.75, based on 1,111 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SML Mahindra's current 10-Year ROIIC % of 25.99 is 593.1% 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on SML Mahindra and its competitors. For the Vehicles & Parts industry, the median 10-Year ROIIC % is 3.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SML Mahindra's current 10-Year ROIIC % is 25.99. 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 ₹2,836.20, compared to a current price of ₹5,309.50 — trading 87.2% above its estimated fair value. The current 10-Year ROIIC % is 25.99 and 593.1% above the Vehicles & Parts industry median of 3.75. SML Mahindra's overall GF Score™ is 57/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For SML Mahindra (NSE:SMLMAH), the current 10-Year ROIIC % is 25.99 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 SML Mahindra (NSE:SMLMAH) Overvalued in 2026?
Based on GuruFocus' analysis, SML Mahindra stock appears to be overvalued.
The current stock price of ₹5,309.50 is trading 87.2% above its estimated GF Value™ of ₹2,836.20.
GuruFocus considers SML Mahindra to be Significantly Overvalued.
Key valuation signals for NSE:SMLMAH:
10-Year ROIIC %: 25.99
GF Value™: ₹2,836.20 vs. price of ₹5,309.50 (87.2% above fair value)
Industry Position: 593.1% above the Vehicles & Parts median (#118 of 1111)
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.
57GF Score
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