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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.
Apollo Pipes's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -4.59%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Apollo Pipes's 3-Year ROIIC % or its related term are showing as below:
NSE:APOLLOPIPE's 3-Year ROIIC % is ranked worse than 68.82% of 1684
companies
in the Construction industry
Industry Median: 4.745
vs NSE:APOLLOPIPE: -4.59
Apollo Pipes (NSE:APOLLOPIPE) 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.
Apollo Pipes 3-Year ROIIC % Related Terms
Apollo Pipes 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Apollo Pipes'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:APOLLOPIPE vs TT, JCI, CARR: 3-Year ROIIC % Comparison
For the Building Products & Equipment subindustry, Apollo Pipes'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.
Apollo Pipes 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Apollo Pipes's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Apollo Pipes's 3-Year ROIIC % falls into.
Apollo Pipes'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**
=
( 73.929998 (Mar. 2026) - 298.52316 (Mar. 2023) )
/
( 9837.259 (Mar. 2026) - 4945.4 (Mar. 2023) )
=
-224.593162
/
4891.859
=
-4.59%***
* 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.
Apollo Pipes (NSE:APOLLOPIPE) has a 3-Year ROIIC % of -4.59 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 Apollo Pipes and its competitors. According to the industry distribution chart, Apollo Pipes ranks #1159 out of 1684 companies in the Construction industry, placing it in the top 68.8%.
Is Apollo Pipes' 3-Year ROIIC % too high?
Apollo Pipes' current 3-Year ROIIC % is -4.59. Based on the distribution chart, Apollo Pipes ranks #1159 out of 1684 companies in the Construction industry, which is below the industry midpoint. Overall, Apollo Pipes has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apollo Pipes' 3-Year ROIIC % compare to TT and JCI?
According to the Construction industry distribution chart, Apollo Pipes ranks #1159 out of 1684 companies for 3-Year ROIIC %. This places Apollo Pipes in the lower half of its industry. The industry median 3-Year ROIIC % is 4.75. 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 Construction company?
The median 3-Year ROIIC % among Construction companies is 4.75, based on 1,684 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. 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 Apollo Pipes and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Pipes's current 3-Year ROIIC % is -4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Pipes stock overvalued right now?
Based on GuruFocus' analysis, Apollo Pipes (NSE:APOLLOPIPE) is currently considered Fairly Valued. The stock's GF Value™ is ₹528.96, compared to a current price of ₹513.05 — trading 3% below its estimated fair value. The current 3-Year ROIIC % is -4.59. Apollo Pipes' overall GF Score™ is 82/100 with 9 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 Apollo Pipes (NSE:APOLLOPIPE), the current 3-Year ROIIC % is -4.59 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 Apollo Pipes (NSE:APOLLOPIPE) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Pipes stock appears to be undervalued.
The current stock price of ₹513.05 is trading 3% below its estimated GF Value™ of ₹528.96.
GuruFocus considers Apollo Pipes to be Fairly Valued.
Key valuation signals for NSE:APOLLOPIPE:
3-Year ROIIC %: -4.59
GF Value™: ₹528.96 vs. price of ₹513.05 (3% below fair value)
No single metric tells the full story. See the NSE:APOLLOPIPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apollo Pipes Ltd is engaged in the business of manufacturing and trading a wide variety of PVC pipes and related products used for agriculture, building and construction, and industrial purposes. The product portfolio includes CPVC pipes and fittings, uPVC and fittings (Threaded and Non-Threaded), SWR pipes and fittings, Sewerage pipes, HDPE pipes and fittings, Sprinkler Systems, uPVC pressure pipes and fittings, uPVC column pipes, and Solvent cement, among others. The Key customer segments for the company include Agriculture, Water Management, Long Distance water conveyance, Construction, Oil and Gas, and Telecom Ducting.
82GF Score
Get the complete analysis for NSE:APOLLOPIPE
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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