Mahindra & MahindraMAHDY 85 3-Year ROIIC % is 10.71 as of Mar. 2026, which is 17% below its 10-year median of 12.84. GuruFocus rates MAHDY with a GF Score™ of 85/100. The stock has 3 warning signs investors should review. Among 1,254 Vehicles & Parts companies, Mahindra & Mahindra ranks better than 61.64% 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.
Mahindra & Mahindra's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 10.71%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Mahindra & Mahindra's 3-Year ROIIC % or its related term are showing as below:
MAHDY's 3-Year ROIIC % is ranked better than 61.64% of 1254
companies
in the Vehicles & Parts industry
Industry Median: 4.175
vs MAHDY: 10.71
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.
Mahindra & Mahindra 3-Year ROIIC % Related Terms
Mahindra & Mahindra 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Mahindra & Mahindra'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.
For the Auto Manufacturers subindustry, Mahindra & Mahindra'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.
Mahindra & Mahindra 3-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Mahindra & Mahindra's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Mahindra & Mahindra'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.
Mahindra & Mahindra (MAHDY) has a 3-Year ROIIC % of 10.71 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 Mahindra & Mahindra and its competitors. This is 17% below median its historical median of 12.84. According to the industry distribution chart, Mahindra & Mahindra ranks #481 out of 1254 companies in the Vehicles & Parts industry, placing it in the top 38.4%.
Is Mahindra & Mahindra's 3-Year ROIIC % too high?
Mahindra & Mahindra's current 3-Year ROIIC % of 10.71 is 17% below median its 10-year median of 12.84. The Vehicles & Parts industry median 3-Year ROIIC % is 4.18. Mahindra & Mahindra's value of 10.71 is 156.5% above this industry median. Based on the distribution chart, Mahindra & Mahindra ranks #481 out of 1254 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Mahindra & Mahindra has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Mahindra & Mahindra's 3-Year ROIIC % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Mahindra & Mahindra ranks #481 out of 1254 companies for 3-Year ROIIC %. This puts Mahindra & Mahindra in the upper half of its industry. The industry median 3-Year ROIIC % is 4.18. Mahindra & Mahindra's value of 10.71 is 156.5% above this benchmark. While the company's 10-year median is 12.84 vs. the industry median of 4.18, Mahindra & Mahindra 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 Vehicles & Parts company?
The median 3-Year ROIIC % among Vehicles & Parts companies is 4.18, based on 1,254 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. Mahindra & Mahindra's current 3-Year ROIIC % of 10.71 is 156.5% 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 Mahindra & Mahindra and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahindra & Mahindra's current 3-Year ROIIC % is 10.71, which is 17% below median its own 10-year median of 12.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahindra & Mahindra stock overvalued right now?
Mahindra & Mahindra (MAHDY) has a current 3-Year ROIIC % of 10.71. The current 3-Year ROIIC % is 10.71, which is 17% below median its 10-year median of 12.84 and 156.5% above the Vehicles & Parts industry median of 4.18. Mahindra & Mahindra's overall GF Score™ is 85/100 with 3 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 Mahindra & Mahindra (MAHDY), the current 3-Year ROIIC % is 10.71 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.
Mahindra & Mahindra Ltd is a holding company. The company's segment includes Automotive; Farm Equipment and Services. It generates maximum revenue from the Automotive segment. The Automotive segment comprises the sale of automobiles, spares, mobility solutions, construction equipment, and related services. Geographically, it derives a majority of its revenue from India.
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