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Mayur Leather ProductsBOM:531680 +5.19%32 3-Year ROIIC % is 193.13 as of Mar. 2026. GuruFocus rates BOM:531680 with a GF Score™ of 32/100. The stock has 5 warning signs investors should review. Among 1,007 Manufacturing - Apparel & Accessories companies, Mayur Leather Products ranks better than 96.62% 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.
Mayur Leather Products's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 193.13%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Mayur Leather Products's 3-Year ROIIC % or its related term are showing as below:
BOM:531680's 3-Year ROIIC % is ranked better than 96.62% of 1007
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.53
vs BOM:531680: 193.13
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.
Mayur Leather Products 3-Year ROIIC % Related Terms
Mayur Leather Products 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Mayur Leather Products'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:531680 vs NKE, DECK, ONON: 3-Year ROIIC % Comparison
For the Footwear & Accessories subindustry, Mayur Leather Products'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.
Mayur Leather Products 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mayur Leather Products's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Mayur Leather Products's 3-Year ROIIC % falls into.
Mayur Leather Products'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**
=
( 4.702 (Mar. 2026) - -46.5613914 (Mar. 2023) )
/
( 129.751 (Mar. 2026) - 103.207 (Mar. 2023) )
=
51.2633914
/
26.544
=
193.13%***
* 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.
Mayur Leather Products (BOM:531680) has a 3-Year ROIIC % of 193.13 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 Mayur Leather Products and its competitors. According to the industry distribution chart, Mayur Leather Products ranks #34 out of 1007 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 3.4%.
Is Mayur Leather Products' 3-Year ROIIC % too high?
Mayur Leather Products' current 3-Year ROIIC % is 193.13. The Manufacturing - Apparel & Accessories industry median 3-Year ROIIC % is 1.53. Mayur Leather Products' value of 193.13 is 12522.9% above this industry median. Based on the distribution chart, Mayur Leather Products ranks #34 out of 1007 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Mayur Leather Products has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Mayur Leather Products' 3-Year ROIIC % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Mayur Leather Products ranks #34 out of 1007 companies for 3-Year ROIIC %. This places Mayur Leather Products in the top 3% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.53. Mayur Leather Products' value of 193.13 is 12522.9% above this benchmark. 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 Manufacturing - Apparel & Accessories company?
The median 3-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 1.53, based on 1,007 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. Mayur Leather Products's current 3-Year ROIIC % of 193.13 is 12522.9% 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 Mayur Leather Products and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayur Leather Products's current 3-Year ROIIC % is 193.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayur Leather Products stock overvalued right now?
Mayur Leather Products (BOM:531680) has a current 3-Year ROIIC % of 193.13. The current 3-Year ROIIC % is 193.13 and 12522.9% above the Manufacturing - Apparel & Accessories industry median of 1.53. Mayur Leather Products' overall GF Score™ is 32/100 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 Mayur Leather Products (BOM:531680), the current 3-Year ROIIC % is 193.13 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.
Mayur Leather Products Ltd is engaged in the manufacturing and export of Leather Shoes and Shoe Uppers. The company exports its product as well as sells it in the Local market. The company operates in only safety leather footwear segment. Geographically the company generates the majority of its revenue from sales in India.
32GF Score
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