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Shivagrico ImplementsBOM:522237 -1.29%62 3-Year ROIIC % is 8.01 as of Mar. 2026, which is 80% above its 10-year median of 4.46. GuruFocus rates BOM:522237 with a GF Score™ of 62/100 and a GF Value™ of ₹27.13 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,932 Industrial Products companies, Shivagrico Implements ranks better than 58.63% 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.
Shivagrico Implements's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 8.01%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Shivagrico Implements's 3-Year ROIIC % or its related term are showing as below:
BOM:522237's 3-Year ROIIC % is ranked better than 58.63% of 2932
companies
in the Industrial Products industry
Industry Median: 3.45
vs BOM:522237: 8.01
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.
Shivagrico Implements 3-Year ROIIC % Related Terms
Shivagrico Implements 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Shivagrico Implements'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:522237 vs SNA, RBC, SWK: 3-Year ROIIC % Comparison
For the Tools & Accessories subindustry, Shivagrico Implements'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.
Shivagrico Implements 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shivagrico Implements's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Shivagrico Implements's 3-Year ROIIC % falls into.
Shivagrico Implements'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**
=
( 8.1119331 (Mar. 2026) - 5.5150003 (Mar. 2023) )
/
( 275.356 (Mar. 2026) - 242.944 (Mar. 2023) )
=
2.5969328
/
32.412
=
8.01%***
* 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.
Shivagrico Implements (BOM:522237) has a 3-Year ROIIC % of 8.01 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 Shivagrico Implements and its competitors. This is 80% above median its historical median of 4.46. According to the industry distribution chart, Shivagrico Implements ranks #1213 out of 2932 companies in the Industrial Products industry, placing it in the top 41.4%.
Is Shivagrico Implements' 3-Year ROIIC % too high?
Shivagrico Implements' current 3-Year ROIIC % of 8.01 is 80% above median its 10-year median of 4.46. The Industrial Products industry median 3-Year ROIIC % is 3.45. Shivagrico Implements' value of 8.01 is 132.2% above this industry median. Based on the distribution chart, Shivagrico Implements ranks #1213 out of 2932 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Shivagrico Implements has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shivagrico Implements' 3-Year ROIIC % compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Shivagrico Implements ranks #1213 out of 2932 companies for 3-Year ROIIC %. This puts Shivagrico Implements in the upper half of its industry. The industry median 3-Year ROIIC % is 3.45. Shivagrico Implements' value of 8.01 is 132.2% above this benchmark. While the company's 10-year median is 4.46 vs. the industry median of 3.45, Shivagrico Implements 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 2,932 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. Shivagrico Implements's current 3-Year ROIIC % of 8.01 is 132.2% 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 Shivagrico Implements 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. Shivagrico Implements's current 3-Year ROIIC % is 8.01, which is 80% above median its own 10-year median of 4.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shivagrico Implements stock overvalued right now?
Based on GuruFocus' analysis, Shivagrico Implements (BOM:522237) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹27.13, compared to a current price of ₹23.00 — trading 15.2% below its estimated fair value. The current 3-Year ROIIC % is 8.01, which is 80% above median its 10-year median of 4.46 and 132.2% above the Industrial Products industry median of 3.45. Shivagrico Implements' overall GF Score™ is 62/100 with 4 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 Shivagrico Implements (BOM:522237), the current 3-Year ROIIC % is 8.01 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 Shivagrico Implements (BOM:522237) Overvalued in 2026?
Based on GuruFocus' analysis, Shivagrico Implements stock appears to be undervalued.
The current stock price of ₹23.00 is trading 15.2% below its estimated GF Value™ of ₹27.13.
GuruFocus considers Shivagrico Implements to be Modestly Undervalued.
Key valuation signals for BOM:522237:
3-Year ROIIC %: 8.01 (80% above median its 10-year median of 4.46)
GF Value™: ₹27.13 vs. price of ₹23.00 (15.2% below fair value)
Industry Position: 132.2% above the Industrial Products median (#1213 of 2932)
No single metric tells the full story. See the BOM:522237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shivagrico Implements Ltd mainly deals in the rolling and forging of agricultural implements and other products. Its product portfolio comprises hot-rolled flats, bars, rounds, angles, and more, for both market sales as well as for captive self-consumption. In addition, it offers various hand tools and implements such as pickaxes of different types, crowbars, digging bars, hoes, pick mattocks, etc. The company is engaged in a single operating segment, the Rolling and Forging division. Geographically, the company derives maximum revenue from its business in India, and also has some exposure to overseas markets.
62GF Score
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