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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.
Hardcastle & Waud Manufacturing Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 24.66%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Hardcastle & Waud Manufacturing Co (BOM:509597) 3-Year ROIIC % Explanation
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.
Hardcastle & Waud Manufacturing Co 3-Year ROIIC % Related Terms
Hardcastle & Waud Manufacturing Co 3-Year ROIIC % Historical 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.
Hardcastle & Waud Manufacturing Co 3-Year ROIIC % Chart
For the Conglomerates subindustry, Hardcastle & Waud Manufacturing Co'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.
Hardcastle & Waud Manufacturing Co 3-Year ROIIC % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Hardcastle & Waud Manufacturing Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Hardcastle & Waud Manufacturing Co's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 44.8194744 (Mar. 2026) - 0.789318 (Mar. 2023) )
/
( 518.739 (Mar. 2026) - 340.185 (Mar. 2023) )
=
44.0301564
/
178.554
=
24.66%***
* 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.
Hardcastle & Waud Manufacturing Co (BOM:509597) has a 3-Year ROIIC % of 24.66 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 Hardcastle & Waud Manufacturing Co and its competitors. This is 194% above median its historical median of 8.40. According to the industry distribution chart, Hardcastle & Waud Manufacturing Co ranks #82 out of 522 companies in the Conglomerates industry, placing it in the top 15.7%.
Is Hardcastle & Waud Manufacturing Co's 3-Year ROIIC % too high?
Hardcastle & Waud Manufacturing Co's current 3-Year ROIIC % of 24.66 is 194% above median its 10-year median of 8.40. The Conglomerates industry median 3-Year ROIIC % is 1.71. Hardcastle & Waud Manufacturing Co's value of 24.66 is 1342.1% above this industry median. Based on the distribution chart, Hardcastle & Waud Manufacturing Co ranks #82 out of 522 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Hardcastle & Waud Manufacturing Co has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hardcastle & Waud Manufacturing Co's 3-Year ROIIC % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Hardcastle & Waud Manufacturing Co ranks #82 out of 522 companies for 3-Year ROIIC %. This places Hardcastle & Waud Manufacturing Co in the top 16% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.71. Hardcastle & Waud Manufacturing Co's value of 24.66 is 1342.1% above this benchmark. While the company's 10-year median is 8.40 vs. the industry median of 1.71, Hardcastle & Waud Manufacturing Co 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 3-Year ROIIC % for a Conglomerates company?
The median 3-Year ROIIC % among Conglomerates companies is 1.71, based on 522 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hardcastle & Waud Manufacturing Co's current 3-Year ROIIC % of 24.66 is 1342.1% 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 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 Hardcastle & Waud Manufacturing Co and its competitors. For the Conglomerates industry, the median 3-Year ROIIC % is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hardcastle & Waud Manufacturing Co's current 3-Year ROIIC % is 24.66, which is 194% above median its own 10-year median of 8.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hardcastle & Waud Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Hardcastle & Waud Manufacturing Co (BOM:509597) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,502.44, compared to a current price of ₹844.60 — trading 43.8% below its estimated fair value. The current 3-Year ROIIC % is 24.66, which is 194% above median its 10-year median of 8.40 and 1342.1% above the Conglomerates industry median of 1.71. Hardcastle & Waud Manufacturing Co's overall GF Score™ is 84/100 with 3 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 Hardcastle & Waud Manufacturing Co (BOM:509597), the current 3-Year ROIIC % is 24.66 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 Hardcastle & Waud Manufacturing Co (BOM:509597) Overvalued in 2026?
Based on GuruFocus' analysis, Hardcastle & Waud Manufacturing Co stock appears to be undervalued.
The current stock price of ₹844.60 is trading 43.8% below its estimated GF Value™ of ₹1,502.44.
GuruFocus considers Hardcastle & Waud Manufacturing Co to be Significantly Undervalued.
Key valuation signals for BOM:509597:
3-Year ROIIC %: 24.66 (194% above median its 10-year median of 8.40)
GF Value™: ₹1,502.44 vs. price of ₹844.60 (43.8% below fair value)
Industry Position: 1342.1% above the Conglomerates median (#82 of 522)
No single metric tells the full story. See the BOM:509597 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hardcastle & Waud Manufacturing Co Ltd is engaged in the manufacturing and marketing of industrial chemicals. The company operates in three segments, including Industrial Chemicals, Investments, and Leasing Activities. The company manufactures chemicals for metalworking, electrical, engineering, and other related industries. Its products include heat treatment products, fluid power products, die-casting lubricants, cutting coolants, drawing compounds, rolling and coating oils, rust preventives, hot forging lubricants, cleaners, and industrial lubricants. The company generates key revenue from the Investment segment.
84GF Score
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