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Nitin SpinnersBOM:532698 +7.39%84 3-Year ROIIC % is 7.21 as of Mar. 2026, which is 25% above its 10-year median of 5.79. GuruFocus rates BOM:532698 with a GF Score™ of 84/100 and a GF Value™ of ₹413.22 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,013 Manufacturing - Apparel & Accessories companies, Nitin Spinners ranks better than 60.61% 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.
Nitin Spinners's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 7.21%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nitin Spinners's 3-Year ROIIC % or its related term are showing as below:
BOM:532698's 3-Year ROIIC % is ranked better than 60.61% of 1013
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.72
vs BOM:532698: 7.21
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.
Nitin Spinners 3-Year ROIIC % Related Terms
Nitin Spinners 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Nitin Spinners'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.
For the Textile Manufacturing subindustry, Nitin Spinners'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.
Nitin Spinners 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitin Spinners's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nitin Spinners'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.
Nitin Spinners (BOM:532698) has a 3-Year ROIIC % of 7.21 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 Nitin Spinners and its competitors. This is 25% above median its historical median of 5.79. According to the industry distribution chart, Nitin Spinners ranks #399 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 39.4%.
Is Nitin Spinners' 3-Year ROIIC % too high?
Nitin Spinners' current 3-Year ROIIC % of 7.21 is 25% above median its 10-year median of 5.79. The Manufacturing - Apparel & Accessories industry median 3-Year ROIIC % is 1.72. Nitin Spinners' value of 7.21 is 319.2% above this industry median. Based on the distribution chart, Nitin Spinners ranks #399 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Nitin Spinners has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitin Spinners' 3-Year ROIIC % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nitin Spinners ranks #399 out of 1013 companies for 3-Year ROIIC %. This puts Nitin Spinners in the upper half of its industry. The industry median 3-Year ROIIC % is 1.72. Nitin Spinners' value of 7.21 is 319.2% above this benchmark. While the company's 10-year median is 5.79 vs. the industry median of 1.72, Nitin Spinners 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 a Manufacturing - Apparel & Accessories company?
The median 3-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 1.72, based on 1,013 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. Nitin Spinners's current 3-Year ROIIC % of 7.21 is 319.2% 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 Nitin Spinners and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitin Spinners's current 3-Year ROIIC % is 7.21, which is 25% above median its own 10-year median of 5.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitin Spinners stock overvalued right now?
Based on GuruFocus' analysis, Nitin Spinners (BOM:532698) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹413.22, compared to a current price of ₹623.55 — trading 50.9% above its estimated fair value. The current 3-Year ROIIC % is 7.21, which is 25% above median its 10-year median of 5.79 and 319.2% above the Manufacturing - Apparel & Accessories industry median of 1.72. Nitin Spinners' overall GF Score™ is 84/100 with 7 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 Nitin Spinners (BOM:532698), the current 3-Year ROIIC % is 7.21 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 Nitin Spinners (BOM:532698) Overvalued in 2026?
Based on GuruFocus' analysis, Nitin Spinners stock appears to be overvalued.
The current stock price of ₹623.55 is trading 50.9% above its estimated GF Value™ of ₹413.22.
GuruFocus considers Nitin Spinners to be Significantly Overvalued.
Key valuation signals for BOM:532698:
3-Year ROIIC %: 7.21 (25% above median its 10-year median of 5.79)
GF Value™: ₹413.22 vs. price of ₹623.55 (50.9% above fair value)
Industry Position: 319.2% above the Manufacturing - Apparel & Accessories median (#399 of 1013)
No single metric tells the full story. See the BOM:532698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitin Spinners Ltd is an Indian company engaged in the textile business. It manufactures products such as cotton yarn and cotton knitted fabric. Its product comprises Yarn, Knitted Fabrics, Woven Fabrics, and Others. The yarn product, which is the key revenue driver, includes open-end yarns, multifold open-end yarns, ring-spun combed yarns, multifold ring spun yarns, compact yarns, fancy slub yarns, and ore spun yarns. The cotton knitted fabrics comprise single jersey, pique structures, interlock structures, rib structures, and three thread fleece. The company carries out sales within India as well as exports to other countries.
84GF Score
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