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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.
Hardwyn IndiaNSE:HARDWYN +0.09%81 3-Year ROIIC % is 11.26 as of Mar. 2026, which is 64% above its 10-year median of 6.85. GuruFocus rates NSE:HARDWYN with a GF Score™ of 81/100 and a GF Value™ of ₹18.42 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,687 Construction companies, Hardwyn India ranks better than 62.36% 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.
Hardwyn India's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 11.26%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Hardwyn India's 3-Year ROIIC % or its related term are showing as below:
NSE:HARDWYN's 3-Year ROIIC % is ranked better than 62.36% of 1687
companies
in the Construction industry
Industry Median: 4.65
vs NSE:HARDWYN: 11.26
Hardwyn India (NSE:HARDWYN) 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.
Hardwyn India 3-Year ROIIC % Related Terms
Hardwyn India 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Hardwyn India'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:HARDWYN vs TT, JCI, CARR: 3-Year ROIIC % Comparison
For the Building Products & Equipment subindustry, Hardwyn 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.
Hardwyn India 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Hardwyn India's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Hardwyn 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.
Hardwyn India (NSE:HARDWYN) has a 3-Year ROIIC % of 11.26 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 Hardwyn India and its competitors. This is 64% above median its historical median of 6.85. Over the past decade, Hardwyn India's 3-Year ROIIC % has ranged from 2.01 to 58.74. According to the industry distribution chart, Hardwyn India ranks #635 out of 1687 companies in the Construction industry, placing it in the top 37.6%.
Is Hardwyn India's 3-Year ROIIC % too high?
Hardwyn India's current 3-Year ROIIC % of 11.26 is 64% above median its 10-year median of 6.85. Over the past 10 years, this metric has ranged from a low of 2.01 to a high of 58.74. The Construction industry median 3-Year ROIIC % is 4.65. Hardwyn India's value of 11.26 is 142.2% above this industry median. Based on the distribution chart, Hardwyn India ranks #635 out of 1687 companies in the Construction industry, which is above the industry midpoint. Overall, Hardwyn India has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hardwyn India's 3-Year ROIIC % compare to TT and JCI?
According to the Construction industry distribution chart, Hardwyn India ranks #635 out of 1687 companies for 3-Year ROIIC %. This puts Hardwyn India in the upper half of its industry. The industry median 3-Year ROIIC % is 4.65. Hardwyn India's value of 11.26 is 142.2% above this benchmark. Historically, Hardwyn India's own 3-Year ROIIC % has ranged from 2.01 to 58.74 over the past decade. While the company's 10-year median is 6.85 vs. the industry median of 4.65, Hardwyn 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 Construction company?
The median 3-Year ROIIC % among Construction companies is 4.65, based on 1,687 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. Hardwyn India's current 3-Year ROIIC % of 11.26 is 142.2% 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 Hardwyn India and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hardwyn India's current 3-Year ROIIC % is 11.26, which is 64% above median its own 10-year median of 6.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hardwyn India stock overvalued right now?
Based on GuruFocus' analysis, Hardwyn India (NSE:HARDWYN) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹18.42, compared to a current price of ₹11.24 — trading 39% below its estimated fair value. The current 3-Year ROIIC % is 11.26, which is 64% above median its 10-year median of 6.85 and 142.2% above the Construction industry median of 4.65. Hardwyn India's overall GF Score™ is 81/100 with 2 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 Hardwyn India (NSE:HARDWYN), the current 3-Year ROIIC % is 11.26 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 Hardwyn India (NSE:HARDWYN) Overvalued in 2026?
Based on GuruFocus' analysis, Hardwyn India stock appears to be undervalued.
The current stock price of ₹11.24 is trading 39% below its estimated GF Value™ of ₹18.42.
GuruFocus considers Hardwyn India to be Significantly Undervalued.
Key valuation signals for NSE:HARDWYN:
3-Year ROIIC %: 11.26 (64% above median its 10-year median of 6.85)
GF Value™: ₹18.42 vs. price of ₹11.24 (39% below fair value)
Industry Position: 142.2% above the Construction median (#635 of 1687)
No single metric tells the full story. See the NSE:HARDWYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hardwyn India Ltd is engaged in the trading business of aluminium products including manufacturing architectural hardware and glass fittings. It provides a complete solution to residential and commercial structures. Its product range includes Door Hardware, Kitchen Hardware, Glass Hardware, and Furniture Hardware.
81GF Score
Get the complete analysis for NSE:HARDWYN
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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