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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.
Karnavati Finance's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -15.84%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Karnavati Finance's 3-Year ROIIC % or its related term are showing as below:
BOM:538928's 3-Year ROIIC % is ranked worse than 86.29% of 394
companies
in the Credit Services industry
Industry Median: 2.9
vs BOM:538928: -15.84
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.
Karnavati Finance 3-Year ROIIC % Related Terms
Karnavati Finance 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Karnavati Finance'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:538928 vs V, MA, AXP: 3-Year ROIIC % Comparison
For the Credit Services subindustry, Karnavati Finance'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.
Karnavati Finance 3-Year ROIIC % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Karnavati Finance's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Karnavati Finance's 3-Year ROIIC % falls into.
Karnavati Finance'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**
=
( -57.469 (Mar. 2026) - 5.6610176 (Mar. 2023) )
/
( 647.233 (Mar. 2026) - 248.767 (Mar. 2023) )
=
-63.1300176
/
398.466
=
-15.84%***
* 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.
Karnavati Finance (BOM:538928) has a 3-Year ROIIC % of -15.84 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 Karnavati Finance and its competitors. According to the industry distribution chart, Karnavati Finance ranks #340 out of 394 companies in the Credit Services industry, placing it in the top 86.3%.
Is Karnavati Finance's 3-Year ROIIC % too high?
Karnavati Finance's current 3-Year ROIIC % is -15.84. Based on the distribution chart, Karnavati Finance ranks #340 out of 394 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Karnavati Finance has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Karnavati Finance's 3-Year ROIIC % compare to V and MA?
According to the Credit Services industry distribution chart, Karnavati Finance ranks #340 out of 394 companies for 3-Year ROIIC %. This places Karnavati Finance in the lower half of its industry. The industry median 3-Year ROIIC % is 2.90. 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 Credit Services company?
The median 3-Year ROIIC % among Credit Services companies is 2.90, based on 394 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 Karnavati Finance and its competitors. For the Credit Services industry, the median 3-Year ROIIC % is 2.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karnavati Finance's current 3-Year ROIIC % is -15.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karnavati Finance stock overvalued right now?
Based on GuruFocus' analysis, Karnavati Finance (BOM:538928) is currently considered Possible Value Trap. The stock's GF Value™ is ₹5.93, compared to a current price of ₹1.36 — trading 77.1% below its estimated fair value. The current 3-Year ROIIC % is -15.84. Karnavati Finance's overall GF Score™ is 59/100 with 8 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 Karnavati Finance (BOM:538928), the current 3-Year ROIIC % is -15.84 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 Karnavati Finance (BOM:538928) Overvalued in 2026?
Based on GuruFocus' analysis, Karnavati Finance stock appears to be undervalued.
The current stock price of ₹1.36 is trading 77.1% below its estimated GF Value™ of ₹5.93.
GuruFocus considers Karnavati Finance to be Possible Value Trap.
Key valuation signals for BOM:538928:
3-Year ROIIC %: -15.84
GF Value™: ₹5.93 vs. price of ₹1.36 (77.1% below fair value)
No single metric tells the full story. See the BOM:538928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Karnavati Finance Ltd is a non-banking financial company. The company provides lending, financing, and wealth management solutions. It offers customized solutions in areas of personal and business loans, corporate finance, mortgages, capital market-based lending, project loans, structured finance, wealth management, digital lending, debt capital markets, and syndication. The company generates revenue in the form of Interest Income.
59GF Score
Get the complete analysis for BOM:538928
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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