Indian Toners & Developers (BOM:523586) 3-Year ROIIC % : -9.23% (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

BOM:523586 Indian Toners & Developers Ltd BOM:523586
81 GF Score
Price ₹47.51
GF Value ₹51.87
Valuation Fairly Valued
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What is Indian Toners & Developers 3-Year ROIIC %?

Indian Toners & Developers BOM:523586 +1.50% 81 3-Year ROIIC % is -9.23 as of Mar. 2026. GuruFocus rates BOM:523586 with a GF Score™ of 81/100 and a GF Value™ of ₹51.87 (Fairly Valued). Among 1,530 Chemicals companies, Indian Toners & Developers ranks worse than 66.86% 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. Indian Toners & Developers's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -9.23%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Indian Toners & Developers's 3-Year ROIIC % or its related term are showing as below:

BOM:523586's 3-Year ROIIC % is ranked worse than
66.86% of 1530 companies
in the Chemicals industry
Industry Median: 0.11 vs BOM:523586: -9.23

Indian Toners & Developers  (BOM:523586) 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.


Indian Toners & Developers 3-Year ROIIC % Related Terms


Indian Toners & Developers 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Indian Toners & Developers'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.

Indian Toners & Developers 3-Year ROIIC % Chart

Indian Toners & Developers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.56 -40.57 -136.23 7.60 -9.23

Indian Toners & Developers Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -9.23 0.00

BOM:523586 vs LIN, SHW, ECL: 3-Year ROIIC % Comparison

For the Specialty Chemicals subindustry, Indian Toners & Developers'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.


Indian Toners & Developers 3-Year ROIIC % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indian Toners & Developers's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Indian Toners & Developers's 3-Year ROIIC % falls into.


BOM:523586
81GF Score
Indian Toners & Developers Ltd BOM:523586
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Indian Toners & Developers 3-Year ROIIC % Calculation

Indian Toners & Developers'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**
=( 232.7145555 (Mar. 2026) - 242.2749662 (Mar. 2023) )/( 1403.896 (Mar. 2026) - 1300.315 (Mar. 2023) )
=-9.5604107/103.581
=-9.23%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -9.23 mean?
Indian Toners & Developers (BOM:523586) has a 3-Year ROIIC % of -9.23 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 Indian Toners & Developers and its competitors. According to the industry distribution chart, Indian Toners & Developers ranks #1023 out of 1530 companies in the Chemicals industry, placing it in the top 66.9%.
Is Indian Toners & Developers' 3-Year ROIIC % too high?
Indian Toners & Developers' current 3-Year ROIIC % is -9.23. Based on the distribution chart, Indian Toners & Developers ranks #1023 out of 1530 companies in the Chemicals industry, which is below the industry midpoint. Overall, Indian Toners & Developers has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indian Toners & Developers' 3-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indian Toners & Developers ranks #1023 out of 1530 companies for 3-Year ROIIC %. This places Indian Toners & Developers in the lower half of its industry. The industry median 3-Year ROIIC % is 0.11. 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 Chemicals company?
The median 3-Year ROIIC % among Chemicals companies is 0.11, based on 1,530 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. 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 Indian Toners & Developers and its competitors. For the Chemicals industry, the median 3-Year ROIIC % is 0.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Toners & Developers's current 3-Year ROIIC % is -9.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Toners & Developers stock overvalued right now?
Based on GuruFocus' analysis, Indian Toners & Developers (BOM:523586) is currently considered Fairly Valued. The stock's GF Value™ is ₹51.87, compared to a current price of ₹47.51 — trading 8.4% below its estimated fair value. The current 3-Year ROIIC % is -9.23. Indian Toners & Developers' overall GF Score™ is 81/100. 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 Indian Toners & Developers (BOM:523586), the current 3-Year ROIIC % is -9.23 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 Indian Toners & Developers (BOM:523586) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Toners & Developers stock appears to be undervalued. The current stock price of ₹47.51 is trading 8.4% below its estimated GF Value™ of ₹51.87. GuruFocus considers Indian Toners & Developers to be Fairly Valued.

Key valuation signals for BOM:523586:

  • 3-Year ROIIC %: -9.23
  • GF Value™: ₹51.87 vs. price of ₹47.51 (8.4% below fair value)
  • GF Score™: 81/100

No single metric tells the full story. See the BOM:523586 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indian Toners & Developers Business Description

Address 1223, DLF Tower - B, Jasola, New Delhi, IND, 110 025
Indian Toners & Developers Ltd is a manufacturer of toners and developers. The company is engaged in the business of producing and exporting compatible toners for use in laser printers, the new age digital machines, multi-function printers, analogue copiers as well as wide-format printers and copiers. The only reporting segment of the company is a manufacturer of compatible toner. Its geographical segment includes Domestic sales and Export sales. The company's product consists of chemical color toner, laser toner, copier or digital toner, wide format copiers and printer toner and packaging.
81GF Score

Get the complete analysis for BOM:523586

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹47.51
Price
₹51.87
GF Value