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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Essar ShippingNSE:ESSARSHPNG -0.78%35 3-Year ROIIC % is 0.76 as of Mar. 2026, which is 17% above its 10-year median of 0.65. GuruFocus rates NSE:ESSARSHPNG with a GF Score™ of 35/100 and a GF Value™ of ₹1.06 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 939 Transportation companies, Essar Shipping ranks worse than 54.1% on this metric.
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.
Essar Shipping's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 0.76%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Essar Shipping's 3-Year ROIIC % or its related term are showing as below:
NSE:ESSARSHPNG's 3-Year ROIIC % is ranked worse than 54.1% of 939
companies
in the Transportation industry
Industry Median: 1.97
vs NSE:ESSARSHPNG: 0.76
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.
Essar Shipping 3-Year ROIIC % Related Terms
Essar Shipping 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Essar Shipping'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.
For the Marine Shipping subindustry, Essar Shipping'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.
Essar Shipping 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, Essar Shipping's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Essar Shipping's 3-Year ROIIC % falls into.
Essar Shipping'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**
=
( -167.6 (Mar. 2026) - -65.6 (Mar. 2023) )
/
( 10909.2 (Mar. 2026) - 24271.3 (Mar. 2023) )
=
-102
/
-13362.1
=
0.76%***
* 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.
Essar Shipping (NSE:ESSARSHPNG) has a 3-Year ROIIC % of 0.76 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 Essar Shipping and its competitors. This is 17% above median its historical median of 0.65. According to the industry distribution chart, Essar Shipping ranks #508 out of 939 companies in the Transportation industry, placing it in the top 54.1%.
Is Essar Shipping's 3-Year ROIIC % too high?
Essar Shipping's current 3-Year ROIIC % of 0.76 is 17% above median its 10-year median of 0.65. The Transportation industry median 3-Year ROIIC % is 1.97. Essar Shipping's value of 0.76 is 61.4% below this industry median. Based on the distribution chart, Essar Shipping ranks #508 out of 939 companies in the Transportation industry, which is below the industry midpoint. Overall, Essar Shipping has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Essar Shipping's 3-Year ROIIC % compare to competitors?
According to the Transportation industry distribution chart, Essar Shipping ranks #508 out of 939 companies for 3-Year ROIIC %. This places Essar Shipping in the lower half of its industry. The industry median 3-Year ROIIC % is 1.97. Essar Shipping's value of 0.76 is 61.4% below this benchmark. While the company's 10-year median is 0.65 vs. the industry median of 1.97, Essar Shipping has consistently been below 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 1.97, based on 939 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. Essar Shipping's current 3-Year ROIIC % of 0.76 is 61.4% below 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 Essar Shipping and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Essar Shipping's current 3-Year ROIIC % is 0.76, which is 17% above median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Essar Shipping stock overvalued right now?
Based on GuruFocus' analysis, Essar Shipping (NSE:ESSARSHPNG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1.06, compared to a current price of ₹20.35 — trading 1819.8% above its estimated fair value. The current 3-Year ROIIC % is 0.76, which is 17% above median its 10-year median of 0.65 and 61.4% below the Transportation industry median of 1.97. Essar Shipping's overall GF Score™ is 35/100 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 Essar Shipping (NSE:ESSARSHPNG), the current 3-Year ROIIC % is 0.76 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 Essar Shipping (NSE:ESSARSHPNG) Overvalued in 2026?
Based on GuruFocus' analysis, Essar Shipping stock appears to be overvalued.
The current stock price of ₹20.35 is trading 1819.8% above its estimated GF Value™ of ₹1.06.
GuruFocus considers Essar Shipping to be Significantly Overvalued.
Key valuation signals for NSE:ESSARSHPNG:
3-Year ROIIC %: 0.76 (17% above median its 10-year median of 0.65)
GF Value™: ₹1.06 vs. price of ₹20.35 (1819.8% above fair value)
Industry Position: 61.4% below the Transportation median (#508 of 939)
No single metric tells the full story. See the NSE:ESSARSHPNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Essar Shipping Ltd is engaged in fleet operating and chartering and operates in international and coastal voyages. The company is diversified across various sectors of Energy, Infrastructure, steel, and Services. The company operates in Fleet operations and chartering, oilfield services, and logistics services. The company generates maximum revenue from a single operating segment, namely the Shipping segment.
35GF Score
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