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Finolex IndustriesNSE:FINPIPE -0.52%84 3-Year ROIIC % is 31.85 as of Mar. 2026, which is 192% above its 10-year median of 10.92. GuruFocus rates NSE:FINPIPE with a GF Score™ of 84/100 and a GF Value™ of ₹211.45 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,682 Construction companies, Finolex Industries ranks better than 82.16% 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.
Finolex Industries's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 31.85%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Finolex Industries's 3-Year ROIIC % or its related term are showing as below:
NSE:FINPIPE's 3-Year ROIIC % is ranked better than 82.16% of 1682
companies
in the Construction industry
Industry Median: 4.675
vs NSE:FINPIPE: 31.85
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.
Finolex Industries 3-Year ROIIC % Related Terms
Finolex Industries 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Finolex Industries'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:FINPIPE vs TT, JCI, CARR: 3-Year ROIIC % Comparison
For the Building Products & Equipment subindustry, Finolex Industries'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.
Finolex Industries 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Finolex Industries's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Finolex Industries'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.
Finolex Industries (NSE:FINPIPE) has a 3-Year ROIIC % of 31.85 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 Finolex Industries and its competitors. This is 192% above median its historical median of 10.92. According to the industry distribution chart, Finolex Industries ranks #300 out of 1682 companies in the Construction industry, placing it in the top 17.8%.
Is Finolex Industries' 3-Year ROIIC % too high?
Finolex Industries' current 3-Year ROIIC % of 31.85 is 192% above median its 10-year median of 10.92. The Construction industry median 3-Year ROIIC % is 4.68. Finolex Industries' value of 31.85 is 581.3% above this industry median. Based on the distribution chart, Finolex Industries ranks #300 out of 1682 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Finolex Industries has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Finolex Industries' 3-Year ROIIC % compare to TT and JCI?
According to the Construction industry distribution chart, Finolex Industries ranks #300 out of 1682 companies for 3-Year ROIIC %. This places Finolex Industries in the top 18% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.68. Finolex Industries' value of 31.85 is 581.3% above this benchmark. While the company's 10-year median is 10.92 vs. the industry median of 4.68, Finolex Industries 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 Construction company?
The median 3-Year ROIIC % among Construction companies is 4.68, based on 1,682 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. Finolex Industries's current 3-Year ROIIC % of 31.85 is 581.3% 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 Finolex Industries and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finolex Industries's current 3-Year ROIIC % is 31.85, which is 192% above median its own 10-year median of 10.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finolex Industries stock overvalued right now?
Based on GuruFocus' analysis, Finolex Industries (NSE:FINPIPE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹211.45, compared to a current price of ₹168.56 — trading 20.3% below its estimated fair value. The current 3-Year ROIIC % is 31.85, which is 192% above median its 10-year median of 10.92 and 581.3% above the Construction industry median of 4.68. Finolex Industries' overall GF Score™ is 84/100 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 Finolex Industries (NSE:FINPIPE), the current 3-Year ROIIC % is 31.85 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 Finolex Industries (NSE:FINPIPE) Overvalued in 2026?
Based on GuruFocus' analysis, Finolex Industries stock appears to be undervalued.
The current stock price of ₹168.56 is trading 20.3% below its estimated GF Value™ of ₹211.45.
GuruFocus considers Finolex Industries to be Modestly Undervalued.
Key valuation signals for NSE:FINPIPE:
3-Year ROIIC %: 31.85 (192% above median its 10-year median of 10.92)
GF Value™: ₹211.45 vs. price of ₹168.56 (20.3% below fair value)
Industry Position: 581.3% above the Construction median (#300 of 1682)
No single metric tells the full story. See the NSE:FINPIPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finolex Industries Ltd manufactures rigid polyvinyl chloride pipes and resins, and fittings. Pipes and fittings are developed out of manufacturing plants strategically located in India. Finolex's products are designed to meet a range of specifications such as size, pressure classes, and diameters. Traditionally, market participants in agriculture, housing, telecom, construction, and other industries have constituted the largest portion of the company's customer base. In addition to the number of manufacturing plants across India, Finolex depends on a network of direct and indirect retail outlets across the country to deliver its services to numerous industries.
84GF Score
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