Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
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.
Heranba Industries's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -21.72%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Heranba Industries's 3-Year ROIIC % or its related term are showing as below:
NSE:HERANBA's 3-Year ROIIC % is ranked worse than 69.72% of 251
companies
in the Agriculture industry
Industry Median: -1.47
vs NSE:HERANBA: -21.72
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.
Heranba Industries 3-Year ROIIC % Related Terms
Heranba Industries 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Heranba 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:HERANBA vs CTVA, CF, MOS: 3-Year ROIIC % Comparison
For the Agricultural Inputs subindustry, Heranba 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.
Heranba Industries 3-Year ROIIC % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Heranba Industries's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Heranba Industries's 3-Year ROIIC % falls into.
Heranba Industries'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**
=
( -288.9 (Mar. 2026) - 1018.72394 (Mar. 2023) )
/
( 14257.9 (Mar. 2026) - 8238.3 (Mar. 2023) )
=
-1307.62394
/
6019.6
=
-21.72%***
* 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.
Heranba Industries (NSE:HERANBA) has a 3-Year ROIIC % of -21.72 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 Heranba Industries and its competitors. According to the industry distribution chart, Heranba Industries ranks #175 out of 251 companies in the Agriculture industry, placing it in the top 69.7%.
Is Heranba Industries' 3-Year ROIIC % too high?
Heranba Industries' current 3-Year ROIIC % is -21.72. Based on the distribution chart, Heranba Industries ranks #175 out of 251 companies in the Agriculture industry, which is below the industry midpoint. Overall, Heranba Industries has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Heranba Industries' 3-Year ROIIC % compare to CTVA and CF?
According to the Agriculture industry distribution chart, Heranba Industries ranks #175 out of 251 companies for 3-Year ROIIC %. This places Heranba Industries in the lower half of its industry. 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 an Agriculture company?
A good 3-Year ROIIC % depends on the Agriculture industry context. 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 Heranba Industries and its competitors. Heranba Industries's current 3-Year ROIIC % is -21.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heranba Industries stock overvalued right now?
Based on GuruFocus' analysis, Heranba Industries (NSE:HERANBA) is currently considered Possible Value Trap. The stock's GF Value™ is ₹377.89, compared to a current price of ₹172.58 — trading 54.3% below its estimated fair value. The current 3-Year ROIIC % is -21.72. Heranba Industries' overall GF Score™ is 62/100 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 Heranba Industries (NSE:HERANBA), the current 3-Year ROIIC % is -21.72 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 Heranba Industries (NSE:HERANBA) Overvalued in 2026?
Based on GuruFocus' analysis, Heranba Industries stock appears to be undervalued.
The current stock price of ₹172.58 is trading 54.3% below its estimated GF Value™ of ₹377.89.
GuruFocus considers Heranba Industries to be Possible Value Trap.
Key valuation signals for NSE:HERANBA:
3-Year ROIIC %: -21.72
GF Value™: ₹377.89 vs. price of ₹172.58 (54.3% below fair value)
No single metric tells the full story. See the NSE:HERANBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heranba Industries Ltd is a crop protection chemical manufacturer. It is a producer of synthetic pyrethroids like cypermethrin, deltamethrin, lambda-cyhalothrin, and others. The Company has a single operating segment of Agro chemicals. Further, it manufactures different types of pesticides, including Insecticides, Fungicides, Herbicides, and other pest control products. It sells the products in India and other countries. Geographically, the company generates the majority of its revenue from India.
62GF Score
Get the complete analysis for NSE:HERANBA
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:HERANBA has been successfully added to your 
