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Elgi EquipmentsBOM:522074 +5.66%97 3-Year ROIIC % is 21.53 as of Mar. 2026, which is 23% below its 10-year median of 28.09. GuruFocus rates BOM:522074 with a GF Score™ of 97/100 and a GF Value™ of ₹663.16 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,925 Industrial Products companies, Elgi Equipments ranks better than 74.7% 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.
Elgi Equipments's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 21.53%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Elgi Equipments's 3-Year ROIIC % or its related term are showing as below:
BOM:522074's 3-Year ROIIC % is ranked better than 74.7% of 2925
companies
in the Industrial Products industry
Industry Median: 3.45
vs BOM:522074: 21.53
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.
Elgi Equipments 3-Year ROIIC % Related Terms
Elgi Equipments 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Elgi Equipments'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:522074 vs GEV, ETN, PH: 3-Year ROIIC % Comparison
For the Specialty Industrial Machinery subindustry, Elgi Equipments'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.
Elgi Equipments 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Elgi Equipments's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Elgi Equipments's 3-Year ROIIC % falls into.
* 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.
Elgi Equipments (BOM:522074) has a 3-Year ROIIC % of 21.53 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 Elgi Equipments and its competitors. This is 23% below median its historical median of 28.09. According to the industry distribution chart, Elgi Equipments ranks #740 out of 2925 companies in the Industrial Products industry, placing it in the top 25.3%.
Is Elgi Equipments' 3-Year ROIIC % too high?
Elgi Equipments' current 3-Year ROIIC % of 21.53 is 23% below median its 10-year median of 28.09. The Industrial Products industry median 3-Year ROIIC % is 3.45. Elgi Equipments' value of 21.53 is 524.1% above this industry median. Based on the distribution chart, Elgi Equipments ranks #740 out of 2925 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Elgi Equipments has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Elgi Equipments' 3-Year ROIIC % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Elgi Equipments ranks #740 out of 2925 companies for 3-Year ROIIC %. This puts Elgi Equipments in the upper half of its industry. The industry median 3-Year ROIIC % is 3.45. Elgi Equipments' value of 21.53 is 524.1% above this benchmark. While the company's 10-year median is 28.09 vs. the industry median of 3.45, Elgi Equipments 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 3.45, based on 2,925 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. Elgi Equipments's current 3-Year ROIIC % of 21.53 is 524.1% 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 Elgi Equipments and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elgi Equipments's current 3-Year ROIIC % is 21.53, which is 23% below median its own 10-year median of 28.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elgi Equipments stock overvalued right now?
Based on GuruFocus' analysis, Elgi Equipments (BOM:522074) is currently considered Fairly Valued. The stock's GF Value™ is ₹663.16, compared to a current price of ₹609.05 — trading 8.2% below its estimated fair value. The current 3-Year ROIIC % is 21.53, which is 23% below median its 10-year median of 28.09 and 524.1% above the Industrial Products industry median of 3.45. Elgi Equipments' overall GF Score™ is 97/100 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 Elgi Equipments (BOM:522074), the current 3-Year ROIIC % is 21.53 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 Elgi Equipments (BOM:522074) Overvalued in 2026?
Based on GuruFocus' analysis, Elgi Equipments stock appears to be undervalued.
The current stock price of ₹609.05 is trading 8.2% below its estimated GF Value™ of ₹663.16.
GuruFocus considers Elgi Equipments to be Fairly Valued.
Key valuation signals for BOM:522074:
3-Year ROIIC %: 21.53 (23% below median its 10-year median of 28.09)
GF Value™: ₹663.16 vs. price of ₹609.05 (8.2% below fair value)
Industry Position: 524.1% above the Industrial Products median (#740 of 2925)
No single metric tells the full story. See the BOM:522074 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elgi Equipments Ltd manufactures air compressors and compressed air systems. The segment in which the group operates includes Air Compressors and Automotive Equipment. Its products include piston compressors, electric lubricated screw compressors, electric oil-free screw compressors, portable compressors, railway compressors, and air accessories. Geographically, it derives a majority of its revenue from India and also has a presence in the United States of America, Italy, Australia, and other countries. It serves the Textile; Manufacturing; Automotive; Agriculture and Construction industries.
97GF Score
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