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Alpex SolarNSE:ALPEXSOLAR -0.21%47 3-Year ROIIC % is 23.16 as of Mar. 2026, which is 11% below its 10-year median of 26.02. GuruFocus rates NSE:ALPEXSOLAR with a GF Score™ of 47/100. The stock has 2 warning signs investors should review. Among 996 Semiconductors companies, Alpex Solar ranks better than 72.59% 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.
Alpex Solar's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 23.16%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Alpex Solar's 3-Year ROIIC % or its related term are showing as below:
NSE:ALPEXSOLAR's 3-Year ROIIC % is ranked better than 72.59% of 996
companies
in the Semiconductors industry
Industry Median: -0.19
vs NSE:ALPEXSOLAR: 23.16
Alpex Solar (NSE:ALPEXSOLAR) 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.
Alpex Solar 3-Year ROIIC % Related Terms
Alpex Solar 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Alpex Solar'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.
NSE:ALPEXSOLAR vs FSLR, NXT, ENPH: 3-Year ROIIC % Comparison
For the Solar subindustry, Alpex Solar'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.
Alpex Solar 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Alpex Solar's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Alpex Solar'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.
Alpex Solar (NSE:ALPEXSOLAR) has a 3-Year ROIIC % of 23.16 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 Alpex Solar and its competitors. This is 11% below median its historical median of 26.02. Over the past decade, Alpex Solar's 3-Year ROIIC % has ranged from 23.16 to 35.05. According to the industry distribution chart, Alpex Solar ranks #273 out of 996 companies in the Semiconductors industry, placing it in the top 27.4%.
Is Alpex Solar's 3-Year ROIIC % too high?
Alpex Solar's current 3-Year ROIIC % of 23.16 is 11% below median its 10-year median of 26.02. Over the past 10 years, this metric has ranged from a low of 23.16 to a high of 35.05. Based on the distribution chart, Alpex Solar ranks #273 out of 996 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Alpex Solar has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Alpex Solar's 3-Year ROIIC % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Alpex Solar ranks #273 out of 996 companies for 3-Year ROIIC %. This puts Alpex Solar in the upper half of its industry. Historically, Alpex Solar's own 3-Year ROIIC % has ranged from 23.16 to 35.05 over the past decade. 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 Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Alpex Solar and its competitors. Alpex Solar's current 3-Year ROIIC % is 23.16, which is 11% below median its own 10-year median of 26.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpex Solar stock overvalued right now?
Alpex Solar (NSE:ALPEXSOLAR) has a current 3-Year ROIIC % of 23.16. The current 3-Year ROIIC % is 23.16, which is 11% below median its 10-year median of 26.02. Alpex Solar'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 Alpex Solar (NSE:ALPEXSOLAR), the current 3-Year ROIIC % is 23.16 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.
Alpex Solar Ltd is a solar photovoltaic (PV) module manufacturer in India. Its PV modules are manufactured using both monocrystalline and polycrystalline cell technologies. The company portfolio of solar energy products consists of bifacial, mono PERC, Halfcut solar PV modules, and also provides integrated solar energy solutions, including engineering, procurement, construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories. Geographically, the company generates the majority of its revenue from India.
47GF Score
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