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3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Steelco Gujarat's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 55.67%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Steelco Gujarat's 3-Year ROIIC % or its related term are showing as below:
BOM:500399's 3-Year ROIIC % is ranked better than 87.98% of 599
companies
in the Steel industry
Industry Median: -0.23
vs BOM:500399: 55.67
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.
Steelco Gujarat 3-Year ROIIC % Related Terms
Steelco Gujarat 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Steelco Gujarat's 3-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.
BOM:500399 vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Steelco Gujarat's 3-Year ROIIC %, along with its competitors' market caps and 3-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.
Steelco Gujarat 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Steelco Gujarat's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Steelco Gujarat's 3-Year ROIIC % falls into.
Steelco Gujarat's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -226.179 (Mar. 2026) - -60.1 (Mar. 2023) )
/
( 2271.721 (Mar. 2026) - 2570.057 (Mar. 2023) )
=
-166.079
/
-298.336
=
55.67%***
* 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 3-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.
Steelco Gujarat (BOM:500399) has a 3-Year ROIIC % of 55.67 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Steelco Gujarat and its competitors. According to the industry distribution chart, Steelco Gujarat ranks #72 out of 599 companies in the Steel industry, placing it in the top 12%.
Is Steelco Gujarat's 3-Year ROIIC % too high?
Steelco Gujarat's current 3-Year ROIIC % is 55.67. Based on the distribution chart, Steelco Gujarat ranks #72 out of 599 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Steelco Gujarat has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Steelco Gujarat's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Steelco Gujarat ranks #72 out of 599 companies for 3-Year ROIIC %. This places Steelco Gujarat in the top 12% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Steel company?
A good 3-Year ROIIC % depends on the Steel industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Steelco Gujarat and its competitors. Steelco Gujarat's current 3-Year ROIIC % is 55.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steelco Gujarat stock overvalued right now?
Steelco Gujarat (BOM:500399) has a current 3-Year ROIIC % of 55.67. The current 3-Year ROIIC % is 55.67. Steelco Gujarat's overall GF Score™ is 10/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Steelco Gujarat (BOM:500399), the current 3-Year ROIIC % is 55.67 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.
Steelco Gujarat Ltd is engaged in commercial production of cold rolled steel products with cold rolling of steel, continuous hot dip galvanizing and the Continuous Color Coating. It manufactures and supplies CR steel sheet/coils/strips, CR galvanized plain/corrugated sheet/coil/strips and pre-painted galvanized sheet/coils.
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