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Aeron CompositeNSE:AERON -3.66%41 3-Year ROIIC % is 2.28 as of Mar. 2026, which is 82% below its 10-year median of 12.98. GuruFocus rates NSE:AERON with a GF Score™ of 41/100. The stock has 8 warning signs investors should review. Among 522 Conglomerates companies, Aeron Composite ranks better than 52.49% 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.
Aeron Composite's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 2.28%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Aeron Composite's 3-Year ROIIC % or its related term are showing as below:
NSE:AERON's 3-Year ROIIC % is ranked better than 52.49% of 522
companies
in the Conglomerates industry
Industry Median: 1.71
vs NSE:AERON: 2.28
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.
Aeron Composite 3-Year ROIIC % Related Terms
Aeron Composite 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Aeron Composite'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 Conglomerates subindustry, Aeron Composite'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.
Aeron Composite 3-Year ROIIC % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Aeron Composite's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Aeron Composite's 3-Year ROIIC % falls into.
Aeron Composite'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**
=
( 93.677891 (Mar. 2026) - 70.355976 (Mar. 2023) )
/
( 1448.258 (Mar. 2026) - 425.283 (Mar. 2023) )
=
23.321915
/
1022.975
=
2.28%***
* 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.
Aeron Composite (NSE:AERON) has a 3-Year ROIIC % of 2.28 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 Aeron Composite and its competitors. This is 82% below median its historical median of 12.98. Over the past decade, Aeron Composite's 3-Year ROIIC % has ranged from 2.28 to 20.94. According to the industry distribution chart, Aeron Composite ranks #248 out of 522 companies in the Conglomerates industry, placing it in the top 47.5%.
Is Aeron Composite's 3-Year ROIIC % too high?
Aeron Composite's current 3-Year ROIIC % of 2.28 is 82% below median its 10-year median of 12.98. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 20.94. The Conglomerates industry median 3-Year ROIIC % is 1.71. Aeron Composite's value of 2.28 is 33.3% above this industry median. Based on the distribution chart, Aeron Composite ranks #248 out of 522 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Aeron Composite has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Aeron Composite's 3-Year ROIIC % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Aeron Composite ranks #248 out of 522 companies for 3-Year ROIIC %. This puts Aeron Composite in the upper half of its industry. The industry median 3-Year ROIIC % is 1.71. Aeron Composite's value of 2.28 is 33.3% above this benchmark. Historically, Aeron Composite's own 3-Year ROIIC % has ranged from 2.28 to 20.94 over the past decade. While the company's 10-year median is 12.98 vs. the industry median of 1.71, Aeron Composite 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 Conglomerates company?
The median 3-Year ROIIC % among Conglomerates companies is 1.71, based on 522 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. Aeron Composite's current 3-Year ROIIC % of 2.28 is 33.3% 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 Aeron Composite and its competitors. For the Conglomerates industry, the median 3-Year ROIIC % is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aeron Composite's current 3-Year ROIIC % is 2.28, which is 82% below median its own 10-year median of 12.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aeron Composite stock overvalued right now?
Aeron Composite (NSE:AERON) has a current 3-Year ROIIC % of 2.28. The current 3-Year ROIIC % is 2.28, which is 82% below median its 10-year median of 12.98 and 33.3% above the Conglomerates industry median of 1.71. Aeron Composite's overall GF Score™ is 41/100 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 Aeron Composite (NSE:AERON), the current 3-Year ROIIC % is 2.28 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.
Aeron Composite Ltd is engaged in the manufacturing and supply of ceramic refractories, FRP/GRP composites, ceramic tiles, waterjet and laser cutting machines, paints, and lime. It offers complete solutions, including conceptual design, prototype development, testing, manufacturing, logistic support, installation, and comprehensive after-sales service. The company's products are used in various markets and applications such as water and wastewater, metals and mining, oil and gas, pulp and paper, transportation, telecommunications, pharmaceuticals, and chemicals. Geographically, it serves both domestic and international markets, with the majority of its revenue derived from customers located outside India.
41GF Score
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