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Shanthi GearsBOM:522034 -0.63%82 3-Year ROIIC % is 7.11 as of Mar. 2026, which is 80% below its 10-year median of 35.28. GuruFocus rates BOM:522034 with a GF Score™ of 82/100 and a GF Value™ of ₹449.13 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,924 Industrial Products companies, Shanthi Gears ranks better than 57.01% 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.
Shanthi Gears's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 7.11%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Shanthi Gears's 3-Year ROIIC % or its related term are showing as below:
BOM:522034's 3-Year ROIIC % is ranked better than 57.01% of 2924
companies
in the Industrial Products industry
Industry Median: 3.51
vs BOM:522034: 7.11
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.
Shanthi Gears 3-Year ROIIC % Related Terms
Shanthi Gears 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Shanthi Gears'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:522034 vs GEV, ETN, PH: 3-Year ROIIC % Comparison
For the Specialty Industrial Machinery subindustry, Shanthi Gears'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.
Shanthi Gears 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shanthi Gears's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Shanthi Gears's 3-Year ROIIC % falls into.
Shanthi Gears'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**
=
( 676.76088 (Mar. 2026) - 594.19962 (Mar. 2023) )
/
( 3204.2 (Mar. 2026) - 2043.5 (Mar. 2023) )
=
82.56126
/
1160.7
=
7.11%***
* 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.
Shanthi Gears (BOM:522034) has a 3-Year ROIIC % of 7.11 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 Shanthi Gears and its competitors. This is 80% below median its historical median of 35.28. According to the industry distribution chart, Shanthi Gears ranks #1257 out of 2924 companies in the Industrial Products industry, placing it in the top 43%.
Is Shanthi Gears' 3-Year ROIIC % too high?
Shanthi Gears' current 3-Year ROIIC % of 7.11 is 80% below median its 10-year median of 35.28. The Industrial Products industry median 3-Year ROIIC % is 3.51. Shanthi Gears' value of 7.11 is 102.6% above this industry median. Based on the distribution chart, Shanthi Gears ranks #1257 out of 2924 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Shanthi Gears has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanthi Gears' 3-Year ROIIC % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Shanthi Gears ranks #1257 out of 2924 companies for 3-Year ROIIC %. This puts Shanthi Gears in the upper half of its industry. The industry median 3-Year ROIIC % is 3.51. Shanthi Gears' value of 7.11 is 102.6% above this benchmark. While the company's 10-year median is 35.28 vs. the industry median of 3.51, Shanthi Gears 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 an Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.51, based on 2,924 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. Shanthi Gears's current 3-Year ROIIC % of 7.11 is 102.6% 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 Shanthi Gears and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanthi Gears's current 3-Year ROIIC % is 7.11, which is 80% below median its own 10-year median of 35.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanthi Gears stock overvalued right now?
Based on GuruFocus' analysis, Shanthi Gears (BOM:522034) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹449.13, compared to a current price of ₹387.05 — trading 13.8% below its estimated fair value. The current 3-Year ROIIC % is 7.11, which is 80% below median its 10-year median of 35.28 and 102.6% above the Industrial Products industry median of 3.51. Shanthi Gears' overall GF Score™ is 82/100 with 1 warning sign 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 Shanthi Gears (BOM:522034), the current 3-Year ROIIC % is 7.11 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 Shanthi Gears (BOM:522034) Overvalued in 2026?
Based on GuruFocus' analysis, Shanthi Gears stock appears to be undervalued.
The current stock price of ₹387.05 is trading 13.8% below its estimated GF Value™ of ₹449.13.
GuruFocus considers Shanthi Gears to be Modestly Undervalued.
Key valuation signals for BOM:522034:
3-Year ROIIC %: 7.11 (80% below median its 10-year median of 35.28)
GF Value™: ₹449.13 vs. price of ₹387.05 (13.8% below fair value)
Industry Position: 102.6% above the Industrial Products median (#1257 of 2924)
No single metric tells the full story. See the BOM:522034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanthi Gears Ltd is an India-based company, that engages in the design, manufacture, supply, and servicing of gears and gearboxes. It offers standard worm gearboxes; helical and bevel helical gearboxes; geared motors; cooling tower, extruder, and rolling mill gearboxes; textile gears, and gear assemblies among others. Geographically the company generates maximum revenue within India and the rest from its customers in America, Europe, and other regions.
82GF Score
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