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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.
Dixon Technologies (India)'s 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 14.69%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Dixon Technologies (India)'s 3-Year ROIIC % or its related term are showing as below:
NSE:DIXON's 3-Year ROIIC % is ranked better than 66.09% of 2374
companies
in the Hardware industry
Industry Median: 2.335
vs NSE:DIXON: 14.69
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.
Dixon Technologies (India) 3-Year ROIIC % Related Terms
Dixon Technologies (India) 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.
For the Consumer Electronics subindustry, Dixon Technologies (India)'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.
Dixon Technologies (India) 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Dixon Technologies (India)'s 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Dixon Technologies (India)'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.
Dixon Technologies (India) (NSE:DIXON) has a 3-Year ROIIC % of 14.69 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 Dixon Technologies (India) and its competitors. This is 26% below median its historical median of 19.76. Over the past decade, Dixon Technologies (India)'s 3-Year ROIIC % has ranged from 7.07 to 26.33. According to the industry distribution chart, Dixon Technologies (India) ranks #805 out of 2374 companies in the Hardware industry, placing it in the top 33.9%.
Is Dixon Technologies (India)'s 3-Year ROIIC % too high?
Dixon Technologies (India)'s current 3-Year ROIIC % of 14.69 is 26% below median its 10-year median of 19.76. Over the past 10 years, this metric has ranged from a low of 7.07 to a high of 26.33. The Hardware industry median 3-Year ROIIC % is 2.34. Dixon Technologies (India)'s value of 14.69 is 529.1% above this industry median. Based on the distribution chart, Dixon Technologies (India) ranks #805 out of 2374 companies in the Hardware industry, which is above the industry midpoint. Overall, Dixon Technologies (India) has a GF Score™ of 97/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dixon Technologies (India)'s 3-Year ROIIC % compare to AAPL?
According to the Hardware industry distribution chart, Dixon Technologies (India) ranks #805 out of 2374 companies for 3-Year ROIIC %. This puts Dixon Technologies (India) in the upper half of its industry. The industry median 3-Year ROIIC % is 2.34. Dixon Technologies (India)'s value of 14.69 is 529.1% above this benchmark. Historically, Dixon Technologies (India)'s own 3-Year ROIIC % has ranged from 7.07 to 26.33 over the past decade. While the company's 10-year median is 19.76 vs. the industry median of 2.34, Dixon Technologies (India) 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 2,374 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. Dixon Technologies (India)'s current 3-Year ROIIC % of 14.69 is 529.1% 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 Dixon Technologies (India) 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. Dixon Technologies (India)'s current 3-Year ROIIC % is 14.69, which is 26% below median its own 10-year median of 19.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dixon Technologies (India) stock overvalued right now?
Based on GuruFocus' analysis, Dixon Technologies (India) (NSE:DIXON) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹24,291.56, compared to a current price of ₹14,329.00 — trading 41% below its estimated fair value. The current 3-Year ROIIC % is 14.69, which is 26% below median its 10-year median of 19.76 and 529.1% above the Hardware industry median of 2.34. Dixon Technologies (India)'s overall GF Score™ is 97/100 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 Dixon Technologies (India) (NSE:DIXON), the current 3-Year ROIIC % is 14.69 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 Dixon Technologies (India) (NSE:DIXON) Overvalued in 2026?
Based on GuruFocus' analysis, Dixon Technologies (India) stock appears to be undervalued.
The current stock price of ₹14,329.00 is trading 41% below its estimated GF Value™ of ₹24,291.56.
GuruFocus considers Dixon Technologies (India) to be Significantly Undervalued.
Key valuation signals for NSE:DIXON:
3-Year ROIIC %: 14.69 (26% below median its 10-year median of 19.76)
GF Value™: ₹24,291.56 vs. price of ₹14,329.00 (41% below fair value)
Industry Position: 529.1% above the Hardware median (#805 of 2374)
No single metric tells the full story. See the NSE:DIXON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dixon Technologies (India) Ltd provides electronic manufacturing services (EMS) to its customers, serving as an original equipment manufacturer (OEM) as well as an original design manufacturer (ODM) for various brands. It is engaged in the in manufacturing of electronic goods such as consumer durables, home appliances, lighting products and mobile phones. It operates in single operating segment: Electronics Goods. The company engages in domestic sales of goods as well as exports its products outside India, of which a majority of its revenue is generated from the domestic market.
97GF Score
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