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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.
Astra Microwave Products's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 17.99%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Astra Microwave Products's 3-Year ROIIC % or its related term are showing as below:
NSE:ASTRAMICRO's 3-Year ROIIC % is ranked better than 69.52% of 2375
companies
in the Hardware industry
Industry Median: 2.34
vs NSE:ASTRAMICRO: 17.99
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.
Astra Microwave Products 3-Year ROIIC % Related Terms
Astra Microwave Products 3-Year ROIIC % Historical Data
* 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:ASTRAMICRO vs CSCO, CIEN, MSI: 3-Year ROIIC % Comparison
For the Communication Equipment subindustry, Astra Microwave Products'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.
Astra Microwave Products 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Astra Microwave Products's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Astra Microwave Products'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.
Astra Microwave Products (NSE:ASTRAMICRO) has a 3-Year ROIIC % of 17.99 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 Astra Microwave Products and its competitors. This is 84% above median its historical median of 9.79. According to the industry distribution chart, Astra Microwave Products ranks #724 out of 2375 companies in the Hardware industry, placing it in the top 30.5%.
Is Astra Microwave Products' 3-Year ROIIC % too high?
Astra Microwave Products' current 3-Year ROIIC % of 17.99 is 84% above median its 10-year median of 9.79. The Hardware industry median 3-Year ROIIC % is 2.34. Astra Microwave Products' value of 17.99 is 668.8% above this industry median. Based on the distribution chart, Astra Microwave Products ranks #724 out of 2375 companies in the Hardware industry, which is above the industry midpoint. Overall, Astra Microwave Products has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Astra Microwave Products' 3-Year ROIIC % compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Astra Microwave Products ranks #724 out of 2375 companies for 3-Year ROIIC %. This puts Astra Microwave Products in the upper half of its industry. The industry median 3-Year ROIIC % is 2.34. Astra Microwave Products' value of 17.99 is 668.8% above this benchmark. While the company's 10-year median is 9.79 vs. the industry median of 2.34, Astra Microwave Products 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.34, based on 2,375 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. Astra Microwave Products's current 3-Year ROIIC % of 17.99 is 668.8% 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 Astra Microwave Products and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astra Microwave Products's current 3-Year ROIIC % is 17.99, which is 84% above median its own 10-year median of 9.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astra Microwave Products stock overvalued right now?
Based on GuruFocus' analysis, Astra Microwave Products (NSE:ASTRAMICRO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,019.06, compared to a current price of ₹1,750.90 — trading 71.8% above its estimated fair value. The current 3-Year ROIIC % is 17.99, which is 84% above median its 10-year median of 9.79 and 668.8% above the Hardware industry median of 2.34. Astra Microwave Products' overall GF Score™ is 78/100 with 7 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 Astra Microwave Products (NSE:ASTRAMICRO), the current 3-Year ROIIC % is 17.99 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 Astra Microwave Products (NSE:ASTRAMICRO) Overvalued in 2026?
Based on GuruFocus' analysis, Astra Microwave Products stock appears to be overvalued.
The current stock price of ₹1,750.90 is trading 71.8% above its estimated GF Value™ of ₹1,019.06.
GuruFocus considers Astra Microwave Products to be Significantly Overvalued.
Key valuation signals for NSE:ASTRAMICRO:
3-Year ROIIC %: 17.99 (84% above median its 10-year median of 9.79)
GF Value™: ₹1,019.06 vs. price of ₹1,750.90 (71.8% above fair value)
Industry Position: 668.8% above the Hardware median (#724 of 2375)
No single metric tells the full story. See the NSE:ASTRAMICRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Astra Microwave Products Ltd is engaged in designing and manufacturing radio frequency (RF) and microwave super components and sub-systems finding applications in defense, space, telecom, meteorology, and civil communication systems. The principal activity of the company is to carry on the business to manufacture, produce, assemble, repair, maintain, importing, export, buy, sell, or otherwise deal in all kinds of electronic items and components.
78GF Score
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