Jet Solar (BOM:538794) 3-Year ROIIC % : -20.65% (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:538794 Jet Solar Ltd BOM:538794
58 GF Score
Price ₹6.90
GF Value ₹9.44
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Jet Solar 3-Year ROIIC %?

Jet Solar BOM:538794 -4.43% 58 3-Year ROIIC % is -20.65 as of Mar. 2026. GuruFocus rates BOM:538794 with a GF Score™ of 58/100 and a GF Value™ of ₹9.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,656 Real Estate companies, Jet Solar ranks worse than 86.65% 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. Jet Solar's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -20.65%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Jet Solar's 3-Year ROIIC % or its related term are showing as below:

BOM:538794's 3-Year ROIIC % is ranked worse than
86.65% of 1656 companies
in the Real Estate industry
Industry Median: 2.27 vs BOM:538794: -20.65

Jet Solar  (BOM:538794) 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.


Jet Solar 3-Year ROIIC % Related Terms


Jet Solar 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Jet Solar'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.

Jet Solar 3-Year ROIIC % Chart

Jet Solar 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 -5.64 -68.07 -102.99 -6.83 -20.65

Jet Solar Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 -102.99 0.00 -6.83 0.00 -20.65

Jet Solar 3-Year ROIIC % Competitor Comparison

For the Real Estate - Development subindustry, Jet Solar'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.


Jet Solar 3-Year ROIIC % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Jet Solar's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Jet Solar's 3-Year ROIIC % falls into.


BOM:538794
58GF Score
Jet Solar Ltd BOM:538794
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jet Solar 3-Year ROIIC % Calculation

Jet Solar'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**
=( -10.632296 (Mar. 2026) - -0.8215186 (Mar. 2023) )/( 112.752 (Mar. 2026) - 65.236 (Mar. 2023) )
=-9.8107774/47.516
=-20.65%***

* 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 -20.65 mean?
Jet Solar (BOM:538794) has a 3-Year ROIIC % of -20.65 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 Jet Solar and its competitors. According to the industry distribution chart, Jet Solar ranks #1435 out of 1656 companies in the Real Estate industry, placing it in the top 86.7%.
Is Jet Solar's 3-Year ROIIC % too high?
Jet Solar's current 3-Year ROIIC % is -20.65. Based on the distribution chart, Jet Solar ranks #1435 out of 1656 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Jet Solar has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jet Solar's 3-Year ROIIC % compare to competitors?
According to the Real Estate industry distribution chart, Jet Solar ranks #1435 out of 1656 companies for 3-Year ROIIC %. This places Jet Solar in the lower half of its industry. The industry median 3-Year ROIIC % is 2.27. 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 Real Estate company?
The median 3-Year ROIIC % among Real Estate companies is 2.27, based on 1,656 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 Jet Solar and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jet Solar's current 3-Year ROIIC % is -20.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jet Solar stock overvalued right now?
Based on GuruFocus' analysis, Jet Solar (BOM:538794) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹9.44, compared to a current price of ₹6.90 — trading 26.9% below its estimated fair value. The current 3-Year ROIIC % is -20.65. Jet Solar's overall GF Score™ is 58/100 with 4 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 Jet Solar (BOM:538794), the current 3-Year ROIIC % is -20.65 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 Jet Solar (BOM:538794) Overvalued in 2026?

Based on GuruFocus' analysis, Jet Solar stock appears to be undervalued. The current stock price of ₹6.90 is trading 26.9% below its estimated GF Value™ of ₹9.44. GuruFocus considers Jet Solar to be Modestly Undervalued.

Key valuation signals for BOM:538794:

  • 3-Year ROIIC %: -20.65
  • GF Value™: ₹9.44 vs. price of ₹6.90 (26.9% below fair value)
  • GF Score™: 58/100 with 4 warning signs

No single metric tells the full story. See the BOM:538794 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jet Solar Business Description

Address Kandivali Link Road, Office No.1, 1st Floor, Nandanvan Apartment, E Wing, Opposite Laljipada Police Chowki, Kandivali (W, Mumbai, MH, IND, 400 067
Jet Solar Ltd focuses on residential projects in the States of Maharashtra and Gujarat by developing projects featuring apt model of execution. The company develops projects on affordable pricing to its prospective customers, without compromising on quality construction. It constructs properties for residential and commercial purposes.
58GF Score

Get the complete analysis for BOM:538794

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

₹6.90
Price
₹9.44
GF Value