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National Securities DepositoryBOM:544467 +0.53%47 3-Year ROIIC % is 9.66 as of Mar. 2026, which is 45% above its 10-year median of 6.65. GuruFocus rates BOM:544467 with a GF Score™ of 47/100. The stock has 2 warning signs investors should review. Among 655 Capital Markets companies, National Securities Depository ranks better than 66.56% 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.
National Securities Depository's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 9.66%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
National Securities Depository (BOM:544467) 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.
National Securities Depository 3-Year ROIIC % Related Terms
National Securities Depository 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.
National Securities Depository 3-Year ROIIC % Chart
BOM:544467 vs SPGI, CME, ICE: 3-Year ROIIC % Comparison
For the Financial Data & Stock Exchanges subindustry, National Securities Depository'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.
National Securities Depository 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, National Securities Depository's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where National Securities Depository'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.
National Securities Depository (BOM:544467) has a 3-Year ROIIC % of 9.66 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 National Securities Depository and its competitors. This is 45% above median its historical median of 6.65. Over the past decade, National Securities Depository's 3-Year ROIIC % has ranged from 6.00 to 7.42. According to the industry distribution chart, National Securities Depository ranks #219 out of 655 companies in the Capital Markets industry, placing it in the top 33.4%.
Is National Securities Depository's 3-Year ROIIC % too high?
National Securities Depository's current 3-Year ROIIC % of 9.66 is 45% above median its 10-year median of 6.65. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 7.42. The Capital Markets industry median 3-Year ROIIC % is 2.10. National Securities Depository's value of 9.66 is 360% above this industry median. Based on the distribution chart, National Securities Depository ranks #219 out of 655 companies in the Capital Markets industry, which is above the industry midpoint. Overall, National Securities Depository has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does National Securities Depository's 3-Year ROIIC % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, National Securities Depository ranks #219 out of 655 companies for 3-Year ROIIC %. This puts National Securities Depository in the upper half of its industry. The industry median 3-Year ROIIC % is 2.10. National Securities Depository's value of 9.66 is 360% above this benchmark. Historically, National Securities Depository's own 3-Year ROIIC % has ranged from 6.00 to 7.42 over the past decade. While the company's 10-year median is 6.65 vs. the industry median of 2.10, National Securities Depository 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 Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.10, based on 655 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. National Securities Depository's current 3-Year ROIIC % of 9.66 is 360% 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 National Securities Depository and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Securities Depository's current 3-Year ROIIC % is 9.66, which is 45% above median its own 10-year median of 6.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Securities Depository stock overvalued right now?
National Securities Depository (BOM:544467) has a current 3-Year ROIIC % of 9.66. The current 3-Year ROIIC % is 9.66, which is 45% above median its 10-year median of 6.65 and 360% above the Capital Markets industry median of 2.10. National Securities Depository's overall GF Score™ is 47/100 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 National Securities Depository (BOM:544467), the current 3-Year ROIIC % is 9.66 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.
National Securities Depository Ltd is a SEBI-registered market infrastructure institution (MII) that offers a wide range-of-products and services to the financial and securities markets in India. As a depository, it provides a depository framework that allows market participants to engage in the financial and securities markets in India. It also plays a central role in developing products and services that will continue to meet the growing needs of the financial services industry in India. The company's business is to provide depository services to its clients in India, including various services for investors such as dematerialization, re-materialization, holding, transfer, and pledge of securities in electronic form.
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