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Cochin ShipyardBOM:540678 +0.52%90 3-Year ROIIC % is 11.62 as of Mar. 2026, which is 122% above its 10-year median of 5.23. GuruFocus rates BOM:540678 with a GF Score™ of 90/100 and a GF Value™ of ₹1,687.25 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 321 Aerospace & Defense companies, Cochin Shipyard ranks better than 65.11% 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.
Cochin Shipyard's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 11.62%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Cochin Shipyard's 3-Year ROIIC % or its related term are showing as below:
BOM:540678's 3-Year ROIIC % is ranked better than 65.11% of 321
companies
in the Aerospace & Defense industry
Industry Median: 3.5
vs BOM:540678: 11.62
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.
Cochin Shipyard 3-Year ROIIC % Related Terms
Cochin Shipyard 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Cochin Shipyard'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:540678 vs SPCX, GE, RTX: 3-Year ROIIC % Comparison
For the Aerospace & Defense subindustry, Cochin Shipyard'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.
Cochin Shipyard 3-Year ROIIC % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Cochin Shipyard's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Cochin Shipyard'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.
Cochin Shipyard (BOM:540678) has a 3-Year ROIIC % of 11.62 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 Cochin Shipyard and its competitors. This is 122% above median its historical median of 5.23. According to the industry distribution chart, Cochin Shipyard ranks #112 out of 321 companies in the Aerospace & Defense industry, placing it in the top 34.9%.
Is Cochin Shipyard's 3-Year ROIIC % too high?
Cochin Shipyard's current 3-Year ROIIC % of 11.62 is 122% above median its 10-year median of 5.23. The Aerospace & Defense industry median 3-Year ROIIC % is 3.50. Cochin Shipyard's value of 11.62 is 232% above this industry median. Based on the distribution chart, Cochin Shipyard ranks #112 out of 321 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Cochin Shipyard has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cochin Shipyard's 3-Year ROIIC % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Cochin Shipyard ranks #112 out of 321 companies for 3-Year ROIIC %. This puts Cochin Shipyard in the upper half of its industry. The industry median 3-Year ROIIC % is 3.50. Cochin Shipyard's value of 11.62 is 232% above this benchmark. While the company's 10-year median is 5.23 vs. the industry median of 3.50, Cochin Shipyard 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 Aerospace & Defense company?
The median 3-Year ROIIC % among Aerospace & Defense companies is 3.50, based on 321 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. Cochin Shipyard's current 3-Year ROIIC % of 11.62 is 232% 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 Cochin Shipyard and its competitors. For the Aerospace & Defense industry, the median 3-Year ROIIC % is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cochin Shipyard's current 3-Year ROIIC % is 11.62, which is 122% above median its own 10-year median of 5.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cochin Shipyard stock overvalued right now?
Based on GuruFocus' analysis, Cochin Shipyard (BOM:540678) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,687.25, compared to a current price of ₹1,489.75 — trading 11.7% below its estimated fair value. The current 3-Year ROIIC % is 11.62, which is 122% above median its 10-year median of 5.23 and 232% above the Aerospace & Defense industry median of 3.50. Cochin Shipyard's overall GF Score™ is 90/100 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 Cochin Shipyard (BOM:540678), the current 3-Year ROIIC % is 11.62 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 Cochin Shipyard (BOM:540678) Overvalued in 2026?
Based on GuruFocus' analysis, Cochin Shipyard stock appears to be undervalued.
The current stock price of ₹1,489.75 is trading 11.7% below its estimated GF Value™ of ₹1,687.25.
GuruFocus considers Cochin Shipyard to be Modestly Undervalued.
Key valuation signals for BOM:540678:
3-Year ROIIC %: 11.62 (122% above median its 10-year median of 5.23)
GF Value™: ₹1,687.25 vs. price of ₹1,489.75 (11.7% below fair value)
Industry Position: 232% above the Aerospace & Defense median (#112 of 321)
No single metric tells the full story. See the BOM:540678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cochin Shipyard Ltd is an Indian-based company engaged in the business activities of Shipbuilding and Ship repair. The company has two operating segments, namely, Shipbuilding and Repair of Ships/Offshore Structures. It generates maximum revenue from the Shipbuilding segment. The Shipbuilding segment offers products such as Oil Tankers, Bulk Carriers, Electric Passenger Ferries, Pax Vessels, Tugs, Aircraft Carriers, Pollution Control Vessels, and many more. The Ship repair segment includes maintenance and repair of all types of vessels including Tankers, Bulk Carriers, Aircraft Carriers, Defense Vessels, and all kinds of Commercial and Specialized vessels.
90GF Score
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