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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.
El Forge's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -2,569.75%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for El Forge's 3-Year ROIIC % or its related term are showing as below:
BOM:531144's 3-Year ROIIC % is ranked worse than 99.69% of 2930
companies
in the Industrial Products industry
Industry Median: 3.49
vs BOM:531144: -2569.75
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.
El Forge 3-Year ROIIC % Related Terms
El Forge 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for El Forge'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:531144 vs CRS, ATI, MLI: 3-Year ROIIC % Comparison
For the Metal Fabrication subindustry, El Forge'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.
El Forge 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, El Forge's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where El Forge's 3-Year ROIIC % falls into.
El Forge'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**
=
( 24.134 (Mar. 2026) - -10.275 (Mar. 2023) )
/
( 266.448 (Mar. 2026) - 267.787 (Mar. 2023) )
=
34.409
/
-1.3390000000001
=
-2,569.75%***
* 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.
El Forge (BOM:531144) has a 3-Year ROIIC % of -2,569.75 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 El Forge and its competitors. According to the industry distribution chart, El Forge ranks #2921 out of 2930 companies in the Industrial Products industry, placing it in the top 99.7%.
Is El Forge's 3-Year ROIIC % too high?
El Forge's current 3-Year ROIIC % is -2,569.75. Based on the distribution chart, El Forge ranks #2921 out of 2930 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, El Forge has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does El Forge's 3-Year ROIIC % compare to CRS and ATI?
According to the Industrial Products industry distribution chart, El Forge ranks #2921 out of 2930 companies for 3-Year ROIIC %. This places El Forge in the lower half of its industry. The industry median 3-Year ROIIC % is 3.49. 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 3.49, based on 2,930 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 El Forge and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. El Forge's current 3-Year ROIIC % is -2,569.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is El Forge stock overvalued right now?
Based on GuruFocus' analysis, El Forge (BOM:531144) is currently considered Fairly Valued. The stock's GF Value™ is ₹17.78, compared to a current price of ₹18.00 — trading 1.2% above its estimated fair value. The current 3-Year ROIIC % is -2,569.75. El Forge's overall GF Score™ is 72/100 with 5 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 El Forge (BOM:531144), the current 3-Year ROIIC % is -2,569.75 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 El Forge (BOM:531144) Overvalued in 2026?
Based on GuruFocus' analysis, El Forge stock appears to be overvalued.
The current stock price of ₹18.00 is trading 1.2% above its estimated GF Value™ of ₹17.78.
GuruFocus considers El Forge to be Fairly Valued.
Key valuation signals for BOM:531144:
3-Year ROIIC %: -2,569.75
GF Value™: ₹17.78 vs. price of ₹18.00 (1.2% above fair value)
No single metric tells the full story. See the BOM:531144 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
El Forge Ltd is a manufacturer of forged and semi-machined parts for both Automotive and non-automotive sectors. It is engaged in the business of manufacturing Rough Steel Forgings i.e., fuel injection forgings, steering rods, tie rods, engine and gear boxes, starter items etc. for automobile industry. The company's products include closed die forgings, light-duty crankshafts, connecting rods, rocker arms, transmission parts, wheel hubs, valve parts, claw pokes, brake parts, and socket for ball joint. Its segments are the Manufacture and sale of steel forgings, and Land and Development. The majority of the revenue is derived from the sale of steel forgings.
72GF Score
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