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Dharani FinanceBOM:511451 -4.41%74 3-Year ROIIC % is 19.85 as of Mar. 2026, which is 52% below its 10-year median of 41.17. GuruFocus rates BOM:511451 with a GF Score™ of 74/100 and a GF Value™ of ₹16.49 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 393 Credit Services companies, Dharani Finance ranks better than 83.46% on this metric.
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.
Dharani Finance's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 19.85%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Dharani Finance's 3-Year ROIIC % or its related term are showing as below:
BOM:511451's 3-Year ROIIC % is ranked better than 83.46% of 393
companies
in the Credit Services industry
Industry Median: 2.76
vs BOM:511451: 19.85
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.
Dharani Finance 3-Year ROIIC % Related Terms
Dharani Finance 3-Year ROIIC % Historical Data
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The historical data trend for Dharani Finance'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:511451 vs V, MA, AXP: 3-Year ROIIC % Comparison
For the Credit Services subindustry, Dharani Finance'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.
Dharani Finance 3-Year ROIIC % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Dharani Finance's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Dharani Finance's 3-Year ROIIC % falls into.
Dharani Finance'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**
=
( 5.3250344 (Mar. 2026) - 0.489 (Mar. 2023) )
/
( 110.069 (Mar. 2026) - 85.71 (Mar. 2023) )
=
4.8360344
/
24.359
=
19.85%***
* 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.
Dharani Finance (BOM:511451) has a 3-Year ROIIC % of 19.85 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 Dharani Finance and its competitors. This is 52% below median its historical median of 41.17. According to the industry distribution chart, Dharani Finance ranks #65 out of 393 companies in the Credit Services industry, placing it in the top 16.5%.
Is Dharani Finance's 3-Year ROIIC % too high?
Dharani Finance's current 3-Year ROIIC % of 19.85 is 52% below median its 10-year median of 41.17. The Credit Services industry median 3-Year ROIIC % is 2.76. Dharani Finance's value of 19.85 is 619.2% above this industry median. Based on the distribution chart, Dharani Finance ranks #65 out of 393 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Dharani Finance has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dharani Finance's 3-Year ROIIC % compare to V and MA?
According to the Credit Services industry distribution chart, Dharani Finance ranks #65 out of 393 companies for 3-Year ROIIC %. This places Dharani Finance in the top 17% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.76. Dharani Finance's value of 19.85 is 619.2% above this benchmark. While the company's 10-year median is 41.17 vs. the industry median of 2.76, Dharani Finance 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 Credit Services company?
The median 3-Year ROIIC % among Credit Services companies is 2.76, based on 393 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. Dharani Finance's current 3-Year ROIIC % of 19.85 is 619.2% 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 Dharani Finance and its competitors. For the Credit Services industry, the median 3-Year ROIIC % is 2.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dharani Finance's current 3-Year ROIIC % is 19.85, which is 52% below median its own 10-year median of 41.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dharani Finance stock overvalued right now?
Based on GuruFocus' analysis, Dharani Finance (BOM:511451) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹16.49, compared to a current price of ₹13.00 — trading 21.2% below its estimated fair value. The current 3-Year ROIIC % is 19.85, which is 52% below median its 10-year median of 41.17 and 619.2% above the Credit Services industry median of 2.76. Dharani Finance's overall GF Score™ is 74/100 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 Dharani Finance (BOM:511451), the current 3-Year ROIIC % is 19.85 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 Dharani Finance (BOM:511451) Overvalued in 2026?
Based on GuruFocus' analysis, Dharani Finance stock appears to be undervalued.
The current stock price of ₹13.00 is trading 21.2% below its estimated GF Value™ of ₹16.49.
GuruFocus considers Dharani Finance to be Modestly Undervalued.
Key valuation signals for BOM:511451:
3-Year ROIIC %: 19.85 (52% below median its 10-year median of 41.17)
GF Value™: ₹16.49 vs. price of ₹13.00 (21.2% below fair value)
Industry Position: 619.2% above the Credit Services median (#65 of 393)
No single metric tells the full story. See the BOM:511451 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dharani Finance Ltd is an Indian non-banking financial company (NBFC) engaged in providing financial services such as hire purchase finance, lease finance, and bill discounting. Dharani Finance caters to industrial and commercial enterprises. Company operates in single segment of NBFC activities. The company is also licensed by the Reserve Bank of India for foreign exchange money changing operations and has diversified activities including investment planning, tax consulting, and travel agency services. Majority of its revenue is generated from its core financial services business in hire purchase and leasing.
74GF Score
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