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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.
Indian Renewable Energy Development Agency's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 2.33%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
NSE:IREDA's 3-Year ROIIC % is ranked worse than 52.28% of 394
companies
in the Credit Services industry
Industry Median: 2.805
vs NSE:IREDA: 2.33
Indian Renewable Energy Development Agency (NSE:IREDA) 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.
Indian Renewable Energy Development Agency 3-Year ROIIC % Related Terms
Indian Renewable Energy Development Agency 3-Year ROIIC % Historical Data
* 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.
Indian Renewable Energy Development Agency 3-Year ROIIC % Chart
Indian Renewable Energy Development Agency Annual Data
NSE:IREDA vs V, MA, AXP: 3-Year ROIIC % Comparison
For the Credit Services subindustry, Indian Renewable Energy Development Agency'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.
Indian Renewable Energy Development Agency 3-Year ROIIC % vs Credit Services Industry
* 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.
Indian Renewable Energy Development Agency (NSE:IREDA) has a 3-Year ROIIC % of 2.33 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 Indian Renewable Energy Development Agency and its competitors. This is near median its historical median of 2.33. Over the past decade, Indian Renewable Energy Development Agency's 3-Year ROIIC % has ranged from 1.14 to 2.61. According to the industry distribution chart, Indian Renewable Energy Development Agency ranks #206 out of 394 companies in the Credit Services industry, placing it in the top 52.3%.
Is Indian Renewable Energy Development Agency's 3-Year ROIIC % too high?
Indian Renewable Energy Development Agency's current 3-Year ROIIC % of 2.33 is near median its 10-year median of 2.33. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 2.61. The Credit Services industry median 3-Year ROIIC % is 2.81. Indian Renewable Energy Development Agency's value of 2.33 is 16.9% below this industry median. Based on the distribution chart, Indian Renewable Energy Development Agency ranks #206 out of 394 companies in the Credit Services industry, which is below the industry midpoint. Overall, Indian Renewable Energy Development Agency has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Indian Renewable Energy Development Agency's 3-Year ROIIC % compare to V and MA?
According to the Credit Services industry distribution chart, Indian Renewable Energy Development Agency ranks #206 out of 394 companies for 3-Year ROIIC %. This places Indian Renewable Energy Development Agency in the lower half of its industry. The industry median 3-Year ROIIC % is 2.81. Indian Renewable Energy Development Agency's value of 2.33 is 16.9% below this benchmark. Historically, Indian Renewable Energy Development Agency's own 3-Year ROIIC % has ranged from 1.14 to 2.61 over the past decade. While the company's 10-year median is 2.33 vs. the industry median of 2.81, Indian Renewable Energy Development Agency 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 Credit Services company?
The median 3-Year ROIIC % among Credit Services companies is 2.81, based on 394 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. Indian Renewable Energy Development Agency's current 3-Year ROIIC % of 2.33 is 16.9% 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 Indian Renewable Energy Development Agency and its competitors. For the Credit Services industry, the median 3-Year ROIIC % is 2.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Renewable Energy Development Agency's current 3-Year ROIIC % is 2.33, which is near median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Renewable Energy Development Agency stock overvalued right now?
Indian Renewable Energy Development Agency (NSE:IREDA) has a current 3-Year ROIIC % of 2.33. The current 3-Year ROIIC % is 2.33, which is near median its 10-year median of 2.33 and 16.9% below the Credit Services industry median of 2.81. Indian Renewable Energy Development Agency'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 Indian Renewable Energy Development Agency (NSE:IREDA), the current 3-Year ROIIC % is 2.33 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.
Indian Renewable Energy Development Agency Business Description
Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. The company operates in two segments: Financing activities in the Renewable Energy (RE) & Energy Efficiency (EE) sector and Generation of power through Solar Plant operations at Kasaragod, Kerala. Majority revenue for the company is genetrated from the segment of financing activities in the RE EE sector.
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