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Veto Switchgears And CablesBOM:539331 +0.91%79 3-Year ROIIC % is 5.39 as of Mar. 2026, which is 60% above its 10-year median of 3.37. GuruFocus rates BOM:539331 with a GF Score™ of 79/100 and a GF Value™ of ₹162.95 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,934 Industrial Products companies, Veto Switchgears And Cables ranks better than 53.89% 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.
Veto Switchgears And Cables's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 5.39%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Veto Switchgears And Cables's 3-Year ROIIC % or its related term are showing as below:
BOM:539331's 3-Year ROIIC % is ranked better than 53.89% of 2934
companies
in the Industrial Products industry
Industry Median: 3.46
vs BOM:539331: 5.39
Veto Switchgears And Cables (BOM:539331) 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.
Veto Switchgears And Cables 3-Year ROIIC % Related Terms
Veto Switchgears And Cables 3-Year ROIIC % Historical Data
* 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 Electrical Equipment & Parts subindustry, Veto Switchgears And Cables'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.
Veto Switchgears And Cables 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Veto Switchgears And Cables's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Veto Switchgears And Cables'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.
Veto Switchgears And Cables (BOM:539331) has a 3-Year ROIIC % of 5.39 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 Veto Switchgears And Cables and its competitors. This is 60% above median its historical median of 3.37. According to the industry distribution chart, Veto Switchgears And Cables ranks #1353 out of 2934 companies in the Industrial Products industry, placing it in the top 46.1%.
Is Veto Switchgears And Cables' 3-Year ROIIC % too high?
Veto Switchgears And Cables' current 3-Year ROIIC % of 5.39 is 60% above median its 10-year median of 3.37. The Industrial Products industry median 3-Year ROIIC % is 3.46. Veto Switchgears And Cables' value of 5.39 is 55.8% above this industry median. Based on the distribution chart, Veto Switchgears And Cables ranks #1353 out of 2934 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Veto Switchgears And Cables has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Veto Switchgears And Cables' 3-Year ROIIC % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Veto Switchgears And Cables ranks #1353 out of 2934 companies for 3-Year ROIIC %. This puts Veto Switchgears And Cables in the upper half of its industry. The industry median 3-Year ROIIC % is 3.46. Veto Switchgears And Cables' value of 5.39 is 55.8% above this benchmark. While the company's 10-year median is 3.37 vs. the industry median of 3.46, Veto Switchgears And Cables 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 an Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.46, based on 2,934 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. Veto Switchgears And Cables's current 3-Year ROIIC % of 5.39 is 55.8% 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 Veto Switchgears And Cables and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veto Switchgears And Cables's current 3-Year ROIIC % is 5.39, which is 60% above median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veto Switchgears And Cables stock overvalued right now?
Based on GuruFocus' analysis, Veto Switchgears And Cables (BOM:539331) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹162.95, compared to a current price of ₹121.70 — trading 25.3% below its estimated fair value. The current 3-Year ROIIC % is 5.39, which is 60% above median its 10-year median of 3.37 and 55.8% above the Industrial Products industry median of 3.46. Veto Switchgears And Cables' overall GF Score™ is 79/100 with 2 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 Veto Switchgears And Cables (BOM:539331), the current 3-Year ROIIC % is 5.39 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 Veto Switchgears And Cables (BOM:539331) Overvalued in 2026?
Based on GuruFocus' analysis, Veto Switchgears And Cables stock appears to be undervalued.
The current stock price of ₹121.70 is trading 25.3% below its estimated GF Value™ of ₹162.95.
GuruFocus considers Veto Switchgears And Cables to be Modestly Undervalued.
Key valuation signals for BOM:539331:
3-Year ROIIC %: 5.39 (60% above median its 10-year median of 3.37)
GF Value™: ₹162.95 vs. price of ₹121.70 (25.3% below fair value)
Industry Position: 55.8% above the Industrial Products median (#1353 of 2934)
No single metric tells the full story. See the BOM:539331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Veto Switchgears And Cables Ltd manufactures electronic goods. Its product portfolio includes Wires, Cables, Electrical accessories, Industrial cables, Fans, Compact fluorescent lamps, Modular switches, Light-emitting diode lights, Immersion heaters, Miniature circuit breakers, Distribution boards, and others. The company's segments include Wire and Cables, Lighting and Fittings, and Accessories and Others. It generates maximum revenue from the Lighting and Fittings segment.
79GF Score
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