Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Narmada Macplast Drip Irrigation Systems's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 21.73%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
BOM:517431's 3-Year ROIIC % is ranked better than 74.75% of 202
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 2.005
vs BOM:517431: 21.73
Narmada Macplast Drip Irrigation Systems (BOM:517431) 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.
Narmada Macplast Drip Irrigation Systems 3-Year ROIIC % Related Terms
Narmada Macplast Drip Irrigation Systems 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.
Narmada Macplast Drip Irrigation Systems 3-Year ROIIC % Chart
Narmada Macplast Drip Irrigation Systems Annual Data
BOM:517431 vs CAT, DE, PCAR: 3-Year ROIIC % Comparison
For the Farm & Heavy Construction Machinery subindustry, Narmada Macplast Drip Irrigation Systems'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.
Narmada Macplast Drip Irrigation Systems 3-Year ROIIC % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Narmada Macplast Drip Irrigation Systems's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Narmada Macplast Drip Irrigation Systems's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 16.74916 (Mar. 2026) - -1.8704727 (Mar. 2023) )
/
( 110.732 (Mar. 2026) - 25.063 (Mar. 2023) )
=
18.6196327
/
85.669
=
21.73%***
* 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.
Narmada Macplast Drip Irrigation Systems (BOM:517431) has a 3-Year ROIIC % of 21.73 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 Narmada Macplast Drip Irrigation Systems and its competitors. This is 38% above median its historical median of 15.79. According to the industry distribution chart, Narmada Macplast Drip Irrigation Systems ranks #51 out of 202 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 25.2%.
Is Narmada Macplast Drip Irrigation Systems' 3-Year ROIIC % too high?
Narmada Macplast Drip Irrigation Systems' current 3-Year ROIIC % of 21.73 is 38% above median its 10-year median of 15.79. The Farm & Heavy Construction Machinery industry median 3-Year ROIIC % is 2.01. Narmada Macplast Drip Irrigation Systems' value of 21.73 is 983.8% above this industry median. Based on the distribution chart, Narmada Macplast Drip Irrigation Systems ranks #51 out of 202 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Narmada Macplast Drip Irrigation Systems has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Narmada Macplast Drip Irrigation Systems' 3-Year ROIIC % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Narmada Macplast Drip Irrigation Systems ranks #51 out of 202 companies for 3-Year ROIIC %. This puts Narmada Macplast Drip Irrigation Systems in the upper half of its industry. The industry median 3-Year ROIIC % is 2.01. Narmada Macplast Drip Irrigation Systems' value of 21.73 is 983.8% above this benchmark. While the company's 10-year median is 15.79 vs. the industry median of 2.01, Narmada Macplast Drip Irrigation Systems 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 Farm & Heavy Construction Machinery company?
The median 3-Year ROIIC % among Farm & Heavy Construction Machinery companies is 2.01, based on 202 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. Narmada Macplast Drip Irrigation Systems's current 3-Year ROIIC % of 21.73 is 983.8% 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 Narmada Macplast Drip Irrigation Systems and its competitors. For the Farm & Heavy Construction Machinery industry, the median 3-Year ROIIC % is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Narmada Macplast Drip Irrigation Systems's current 3-Year ROIIC % is 21.73, which is 38% above median its own 10-year median of 15.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Narmada Macplast Drip Irrigation Systems stock overvalued right now?
Based on GuruFocus' analysis, Narmada Macplast Drip Irrigation Systems (BOM:517431) is currently considered Fairly Valued. The stock's GF Value™ is ₹26.23, compared to a current price of ₹24.19 — trading 7.8% below its estimated fair value. The current 3-Year ROIIC % is 21.73, which is 38% above median its 10-year median of 15.79 and 983.8% above the Farm & Heavy Construction Machinery industry median of 2.01. Narmada Macplast Drip Irrigation Systems' overall GF Score™ is 72/100 with 2 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 Narmada Macplast Drip Irrigation Systems (BOM:517431), the current 3-Year ROIIC % is 21.73 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 Narmada Macplast Drip Irrigation Systems (BOM:517431) Overvalued in 2026?
Based on GuruFocus' analysis, Narmada Macplast Drip Irrigation Systems stock appears to be undervalued.
The current stock price of ₹24.19 is trading 7.8% below its estimated GF Value™ of ₹26.23.
GuruFocus considers Narmada Macplast Drip Irrigation Systems to be Fairly Valued.
Key valuation signals for BOM:517431:
3-Year ROIIC %: 21.73 (38% above median its 10-year median of 15.79)
GF Value™: ₹26.23 vs. price of ₹24.19 (7.8% below fair value)
Industry Position: 983.8% above the Farm & Heavy Construction Machinery median (#51 of 202)
No single metric tells the full story. See the BOM:517431 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Narmada Macplast Drip Irrigation Systems Ltd is engaged in the trading of drip irrigation systems. Its products include Spray Nozzles, Spray bodies, Rotors 3500 series, among others. It is also engaged in the business of import-export, consultancy of plastic products and raw materials, government Supplies, and liaison work.
72GF Score
Get the complete analysis for BOM:517431
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:517431 has been successfully added to your 
