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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.
APL Apollo Tubes's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 35.13%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for APL Apollo Tubes's 3-Year ROIIC % or its related term are showing as below:
NSE:APLAPOLLO's 3-Year ROIIC % is ranked better than 84.46% of 605
companies
in the Steel industry
Industry Median: -0.23
vs NSE:APLAPOLLO: 35.13
APL Apollo Tubes (NSE:APLAPOLLO) 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.
APL Apollo Tubes 3-Year ROIIC % Related Terms
APL Apollo Tubes 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for APL Apollo Tubes'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:APLAPOLLO vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, APL Apollo Tubes'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.
APL Apollo Tubes 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, APL Apollo Tubes's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where APL Apollo Tubes'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.
APL Apollo Tubes (NSE:APLAPOLLO) has a 3-Year ROIIC % of 35.13 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 APL Apollo Tubes and its competitors. This is 64% above median its historical median of 21.47. Over the past decade, APL Apollo Tubes' 3-Year ROIIC % has ranged from 8.18 to 35.13. According to the industry distribution chart, APL Apollo Tubes ranks #94 out of 605 companies in the Steel industry, placing it in the top 15.5%.
Is APL Apollo Tubes' 3-Year ROIIC % too high?
APL Apollo Tubes' current 3-Year ROIIC % of 35.13 is 64% above median its 10-year median of 21.47. Over the past 10 years, this metric has ranged from a low of 8.18 to a high of 35.13. Based on the distribution chart, APL Apollo Tubes ranks #94 out of 605 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, APL Apollo Tubes has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does APL Apollo Tubes' 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, APL Apollo Tubes ranks #94 out of 605 companies for 3-Year ROIIC %. This places APL Apollo Tubes in the top 16% of its industry — outperforming the majority of peers. Historically, APL Apollo Tubes' own 3-Year ROIIC % has ranged from 8.18 to 35.13 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 Steel company?
A good 3-Year ROIIC % depends on the Steel 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 APL Apollo Tubes and its competitors. APL Apollo Tubes's current 3-Year ROIIC % is 35.13, which is 64% above median its own 10-year median of 21.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APL Apollo Tubes stock overvalued right now?
Based on GuruFocus' analysis, APL Apollo Tubes (NSE:APLAPOLLO) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,106.19, compared to a current price of ₹1,941.50 — trading 7.8% below its estimated fair value. The current 3-Year ROIIC % is 35.13, which is 64% above median its 10-year median of 21.47. APL Apollo Tubes' overall GF Score™ is 96/100 with 1 warning sign 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 APL Apollo Tubes (NSE:APLAPOLLO), the current 3-Year ROIIC % is 35.13 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 APL Apollo Tubes (NSE:APLAPOLLO) Overvalued in 2026?
Based on GuruFocus' analysis, APL Apollo Tubes stock appears to be undervalued.
The current stock price of ₹1,941.50 is trading 7.8% below its estimated GF Value™ of ₹2,106.19.
GuruFocus considers APL Apollo Tubes to be Fairly Valued.
Key valuation signals for NSE:APLAPOLLO:
3-Year ROIIC %: 35.13 (64% above median its 10-year median of 21.47)
GF Value™: ₹2,106.19 vs. price of ₹1,941.50 (7.8% below fair value)
No single metric tells the full story. See the NSE:APLAPOLLO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APL Apollo Tubes Ltd is a manufacturer of steel pipes and tubes. Its multi-product offerings include Pre- Galvanized Tubes, Structural Steel Tubes, Galvanized Tubes, MS Black Pipes and Hollow Sections. It operates in a single segment, which is the business of production of ERW steel tubes. Geographically, it operates only in India.
96GF Score
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