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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.
INOX IndiaNSE:INOXINDIA +0.34%66 3-Year ROIIC % is 12.18 as of Mar. 2026, which is at its 10-year median of 12.18. GuruFocus rates NSE:INOXINDIA with a GF Score™ of 66/100 and a GF Value™ of ₹1,587.82 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 2,926 Industrial Products companies, INOX India ranks better than 65.35% 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.
INOX India's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 12.18%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for INOX India's 3-Year ROIIC % or its related term are showing as below:
NSE:INOXINDIA's 3-Year ROIIC % is ranked better than 65.35% of 2926
companies
in the Industrial Products industry
Industry Median: 3.52
vs NSE:INOXINDIA: 12.18
INOX India (NSE:INOXINDIA) 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.
INOX India 3-Year ROIIC % Related Terms
INOX India 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for INOX 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:INOXINDIA vs GEV, ETN, PH: 3-Year ROIIC % Comparison
For the Specialty Industrial Machinery subindustry, INOX 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.
INOX India 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, INOX India's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where INOX 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.
INOX India (NSE:INOXINDIA) has a 3-Year ROIIC % of 12.18 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 INOX India and its competitors. This is near median its historical median of 12.18. Over the past decade, INOX India's 3-Year ROIIC % has ranged from 11.80 to 21.35. According to the industry distribution chart, INOX India ranks #1014 out of 2926 companies in the Industrial Products industry, placing it in the top 34.7%.
Is INOX India's 3-Year ROIIC % too high?
INOX India's current 3-Year ROIIC % of 12.18 is near median its 10-year median of 12.18. Over the past 10 years, this metric has ranged from a low of 11.80 to a high of 21.35. The Industrial Products industry median 3-Year ROIIC % is 3.52. INOX India's value of 12.18 is 246% above this industry median. Based on the distribution chart, INOX India ranks #1014 out of 2926 companies in the Industrial Products industry, which is above the industry midpoint. Overall, INOX India has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does INOX India's 3-Year ROIIC % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, INOX India ranks #1014 out of 2926 companies for 3-Year ROIIC %. This puts INOX India in the upper half of its industry. The industry median 3-Year ROIIC % is 3.52. INOX India's value of 12.18 is 246% above this benchmark. Historically, INOX India's own 3-Year ROIIC % has ranged from 11.80 to 21.35 over the past decade. While the company's 10-year median is 12.18 vs. the industry median of 3.52, INOX 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 an Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.52, based on 2,926 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. INOX India's current 3-Year ROIIC % of 12.18 is 246% 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 INOX India and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. INOX India's current 3-Year ROIIC % is 12.18, which is near median its own 10-year median of 12.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is INOX India stock overvalued right now?
Based on GuruFocus' analysis, INOX India (NSE:INOXINDIA) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,587.82, compared to a current price of ₹1,930.20 — trading 21.6% above its estimated fair value. The current 3-Year ROIIC % is 12.18, which is near median its 10-year median of 12.18 and 246% above the Industrial Products industry median of 3.52. INOX India's overall GF Score™ is 66/100 with 9 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 INOX India (NSE:INOXINDIA), the current 3-Year ROIIC % is 12.18 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 INOX India (NSE:INOXINDIA) Overvalued in 2026?
Based on GuruFocus' analysis, INOX India stock appears to be overvalued.
The current stock price of ₹1,930.20 is trading 21.6% above its estimated GF Value™ of ₹1,587.82.
GuruFocus considers INOX India to be Modestly Overvalued.
Key valuation signals for NSE:INOXINDIA:
3-Year ROIIC %: 12.18 (near median its 10-year median of 12.18)
GF Value™: ₹1,587.82 vs. price of ₹1,930.20 (21.6% above fair value)
Industry Position: 246% above the Industrial Products median (#1014 of 2926)
No single metric tells the full story. See the NSE:INOXINDIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
INOX India Ltd is a manufacturer of cryogenic equipment and cryogenic tanks. The company's products include standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions as well as large turnkey projects which are used in diverse industries such as industrial gases, liquified natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction. The company generates revenue from India, Korea, France, Japan, Saudi Arabia, and other regions.
66GF Score
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3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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