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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.
Modern Shares & Stockbrokers's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -0.40%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Modern Shares & Stockbrokers (BOM:509760) 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.
Modern Shares & Stockbrokers 3-Year ROIIC % Related Terms
Modern Shares & Stockbrokers 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.
BOM:509760 vs MS, GS, SCHW: 3-Year ROIIC % Comparison
For the Capital Markets subindustry, Modern Shares & Stockbrokers'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.
Modern Shares & Stockbrokers 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Modern Shares & Stockbrokers's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Modern Shares & Stockbrokers's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -2.89359 (Mar. 2026) - -3.028905 (Mar. 2023) )
/
( 63.397 (Mar. 2026) - 97.636 (Mar. 2023) )
=
0.135315
/
-34.239
=
-0.40%***
* 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.
Modern Shares & Stockbrokers (BOM:509760) has a 3-Year ROIIC % of -0.40 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 Modern Shares & Stockbrokers and its competitors. According to the industry distribution chart, Modern Shares & Stockbrokers ranks #382 out of 660 companies in the Capital Markets industry, placing it in the top 57.9%.
Is Modern Shares & Stockbrokers' 3-Year ROIIC % too high?
Modern Shares & Stockbrokers' current 3-Year ROIIC % is -0.40. Based on the distribution chart, Modern Shares & Stockbrokers ranks #382 out of 660 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Modern Shares & Stockbrokers has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modern Shares & Stockbrokers' 3-Year ROIIC % compare to MS and GS?
According to the Capital Markets industry distribution chart, Modern Shares & Stockbrokers ranks #382 out of 660 companies for 3-Year ROIIC %. This places Modern Shares & Stockbrokers in the lower half of its industry. The industry median 3-Year ROIIC % is 2.32. 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 Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.32, based on 660 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. 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 Modern Shares & Stockbrokers and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Shares & Stockbrokers's current 3-Year ROIIC % is -0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Shares & Stockbrokers stock overvalued right now?
Based on GuruFocus' analysis, Modern Shares & Stockbrokers (BOM:509760) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹40.60, compared to a current price of ₹36.64 — trading 9.8% below its estimated fair value. The current 3-Year ROIIC % is -0.40. Modern Shares & Stockbrokers' overall GF Score™ is 59/100 with 6 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 Modern Shares & Stockbrokers (BOM:509760), the current 3-Year ROIIC % is -0.40 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 Modern Shares & Stockbrokers (BOM:509760) Overvalued in 2026?
Based on GuruFocus' analysis, Modern Shares & Stockbrokers stock appears to be undervalued.
The current stock price of ₹36.64 is trading 9.8% below its estimated GF Value™ of ₹40.60.
GuruFocus considers Modern Shares & Stockbrokers to be Modestly Undervalued.
Key valuation signals for BOM:509760:
3-Year ROIIC %: -0.40
GF Value™: ₹40.60 vs. price of ₹36.64 (9.8% below fair value)
No single metric tells the full story. See the BOM:509760 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modern Shares & Stockbrokers Ltd mainly provides stock broking services in India. It offers a range of services covering retail broking, mutual fund distribution, and research and advisory services.
59GF Score
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