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.
Devyani International's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -5.19%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Devyani International's 3-Year ROIIC % or its related term are showing as below:
NSE:DEVYANI's 3-Year ROIIC % is ranked worse than 63.06% of 333
companies
in the Restaurants industry
Industry Median: 3.55
vs NSE:DEVYANI: -5.19
Devyani International (NSE:DEVYANI) 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.
Devyani International 3-Year ROIIC % Related Terms
Devyani International 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Devyani International'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:DEVYANI vs MCD, SBUX, YUM: 3-Year ROIIC % Comparison
For the Restaurants subindustry, Devyani International'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.
Devyani International 3-Year ROIIC % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Devyani International's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Devyani International's 3-Year ROIIC % falls into.
Devyani International'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**
=
( 1506.457575 (Mar. 2026) - 3657.07 (Mar. 2023) )
/
( 69530.35 (Mar. 2026) - 28062.9 (Mar. 2023) )
=
-2150.612425
/
41467.45
=
-5.19%***
* 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.
Devyani International (NSE:DEVYANI) has a 3-Year ROIIC % of -5.19 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 Devyani International and its competitors. According to the industry distribution chart, Devyani International ranks #210 out of 333 companies in the Restaurants industry, placing it in the top 63.1%.
Is Devyani International's 3-Year ROIIC % too high?
Devyani International's current 3-Year ROIIC % is -5.19. Based on the distribution chart, Devyani International ranks #210 out of 333 companies in the Restaurants industry, which is below the industry midpoint. Overall, Devyani International has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Devyani International's 3-Year ROIIC % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Devyani International ranks #210 out of 333 companies for 3-Year ROIIC %. This places Devyani International in the lower half of its industry. The industry median 3-Year ROIIC % is 3.55. 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 Restaurants company?
The median 3-Year ROIIC % among Restaurants companies is 3.55, based on 333 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 Devyani International and its competitors. For the Restaurants industry, the median 3-Year ROIIC % is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devyani International's current 3-Year ROIIC % is -5.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Devyani International stock overvalued right now?
Based on GuruFocus' analysis, Devyani International (NSE:DEVYANI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹242.15, compared to a current price of ₹114.13 — trading 52.9% below its estimated fair value. The current 3-Year ROIIC % is -5.19. Devyani International's overall GF Score™ is 80/100 with 3 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 Devyani International (NSE:DEVYANI), the current 3-Year ROIIC % is -5.19 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 Devyani International (NSE:DEVYANI) Overvalued in 2026?
Based on GuruFocus' analysis, Devyani International stock appears to be undervalued.
The current stock price of ₹114.13 is trading 52.9% below its estimated GF Value™ of ₹242.15.
GuruFocus considers Devyani International to be Significantly Undervalued.
Key valuation signals for NSE:DEVYANI:
3-Year ROIIC %: -5.19
GF Value™: ₹242.15 vs. price of ₹114.13 (52.9% below fair value)
No single metric tells the full story. See the NSE:DEVYANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Devyani International Ltd is a franchisee of Yum Brands in India and is among the largest operators of a quick-service restaurant chain (QSR chain), operating around 1,243 stores across 155 cities in India. Companies products includes PizzaHut, KFC, Costa Coffee, Vaang.o, The Food Street, and more. Geographically, operates domestically and internationally, with the majority of revenue from India.
80GF Score
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