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.
Nikhil Adhesives's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -3.92%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nikhil Adhesives's 3-Year ROIIC % or its related term are showing as below:
BOM:526159's 3-Year ROIIC % is ranked worse than 57.81% of 1524
companies
in the Chemicals industry
Industry Median: 0.035
vs BOM:526159: -3.92
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.
Nikhil Adhesives 3-Year ROIIC % Related Terms
Nikhil Adhesives 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Nikhil Adhesives'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:526159 vs LIN, SHW, ECL: 3-Year ROIIC % Comparison
For the Specialty Chemicals subindustry, Nikhil Adhesives'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.
Nikhil Adhesives 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nikhil Adhesives's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nikhil Adhesives'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.
Nikhil Adhesives (BOM:526159) has a 3-Year ROIIC % of -3.92 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 Nikhil Adhesives and its competitors. According to the industry distribution chart, Nikhil Adhesives ranks #881 out of 1524 companies in the Chemicals industry, placing it in the top 57.8%.
Is Nikhil Adhesives' 3-Year ROIIC % too high?
Nikhil Adhesives' current 3-Year ROIIC % is -3.92. Based on the distribution chart, Nikhil Adhesives ranks #881 out of 1524 companies in the Chemicals industry, which is below the industry midpoint. Overall, Nikhil Adhesives has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nikhil Adhesives' 3-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nikhil Adhesives ranks #881 out of 1524 companies for 3-Year ROIIC %. This places Nikhil Adhesives in the lower half of its industry. The industry median 3-Year ROIIC % is 0.04. 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 0.04, based on 1,524 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 Nikhil Adhesives and its competitors. For the Chemicals industry, the median 3-Year ROIIC % is 0.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikhil Adhesives's current 3-Year ROIIC % is -3.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikhil Adhesives stock overvalued right now?
Based on GuruFocus' analysis, Nikhil Adhesives (BOM:526159) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹99.85, compared to a current price of ₹72.95 — trading 26.9% below its estimated fair value. The current 3-Year ROIIC % is -3.92. Nikhil Adhesives' overall GF Score™ is 66/100 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 Nikhil Adhesives (BOM:526159), the current 3-Year ROIIC % is -3.92 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 Nikhil Adhesives (BOM:526159) Overvalued in 2026?
Based on GuruFocus' analysis, Nikhil Adhesives stock appears to be undervalued.
The current stock price of ₹72.95 is trading 26.9% below its estimated GF Value™ of ₹99.85.
GuruFocus considers Nikhil Adhesives to be Modestly Undervalued.
Key valuation signals for BOM:526159:
3-Year ROIIC %: -3.92
GF Value™: ₹99.85 vs. price of ₹72.95 (26.9% below fair value)
No single metric tells the full story. See the BOM:526159 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nikhil Adhesives Ltd is an India-based company engaged in the manufacturing and trading of polymer emulsions and adhesives. The products of the company include paint emulsions, textile emulsions, construction chemicals, and adhesives. The brands of the company are Mahacol, Emdicryl, Mahafix, Emdilith, Emditex, and Emdibind. The company operates in two business segments namely, Manufacturing of Adhesives and emulsions, which is the key revenue generator; and Trading in chemicals segment.
66GF Score
Get the complete analysis for BOM:526159
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:526159 has been successfully added to your 
