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National Highways Infra TrustNSE:IVNHIT 46 3-Year ROIIC % is 3.93 as of Mar. 2026, which is 44% above its 10-year median of 2.72. GuruFocus rates NSE:IVNHIT with a GF Score™ of 46/100 and a GF Value™ of ₹235.00 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 685 REITs companies, National Highways Infra Trust ranks better than 51.09% 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.
National Highways Infra Trust's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 3.93%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
NSE:IVNHIT's 3-Year ROIIC % is ranked better than 51.09% of 685
companies
in the REITs industry
Industry Median: 3.65
vs NSE:IVNHIT: 3.93
National Highways Infra Trust (NSE:IVNHIT) 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.
National Highways Infra Trust 3-Year ROIIC % Related Terms
National Highways Infra Trust 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.
National Highways Infra Trust 3-Year ROIIC % Chart
NSE:IVNHIT vs EQIX, AMT, DLR: 3-Year ROIIC % Comparison
For the REIT - Specialty subindustry, National Highways Infra Trust'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.
National Highways Infra Trust 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, National Highways Infra Trust's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where National Highways Infra Trust'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.
National Highways Infra Trust (NSE:IVNHIT) has a 3-Year ROIIC % of 3.93 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 National Highways Infra Trust and its competitors. This is 44% above median its historical median of 2.72. Over the past decade, National Highways Infra Trust's 3-Year ROIIC % has ranged from 1.74 to 3.93. According to the industry distribution chart, National Highways Infra Trust ranks #335 out of 685 companies in the REITs industry, placing it in the top 48.9%.
Is National Highways Infra Trust's 3-Year ROIIC % too high?
National Highways Infra Trust's current 3-Year ROIIC % of 3.93 is 44% above median its 10-year median of 2.72. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 3.93. The REITs industry median 3-Year ROIIC % is 3.65. National Highways Infra Trust's value of 3.93 is 7.7% above this industry median. Based on the distribution chart, National Highways Infra Trust ranks #335 out of 685 companies in the REITs industry, which is above the industry midpoint. Overall, National Highways Infra Trust has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Highways Infra Trust's 3-Year ROIIC % compare to EQIX and AMT?
According to the REITs industry distribution chart, National Highways Infra Trust ranks #335 out of 685 companies for 3-Year ROIIC %. This puts National Highways Infra Trust in the upper half of its industry. The industry median 3-Year ROIIC % is 3.65. National Highways Infra Trust's value of 3.93 is 7.7% above this benchmark. Historically, National Highways Infra Trust's own 3-Year ROIIC % has ranged from 1.74 to 3.93 over the past decade. While the company's 10-year median is 2.72 vs. the industry median of 3.65, National Highways Infra Trust 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 REITs company?
The median 3-Year ROIIC % among REITs companies is 3.65, based on 685 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. National Highways Infra Trust's current 3-Year ROIIC % of 3.93 is 7.7% 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 National Highways Infra Trust and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Highways Infra Trust's current 3-Year ROIIC % is 3.93, which is 44% above median its own 10-year median of 2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Highways Infra Trust stock overvalued right now?
Based on GuruFocus' analysis, National Highways Infra Trust (NSE:IVNHIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹235.00, compared to a current price of ₹171.50 — trading 27% below its estimated fair value. The current 3-Year ROIIC % is 3.93, which is 44% above median its 10-year median of 2.72 and 7.7% above the REITs industry median of 3.65. National Highways Infra Trust's overall GF Score™ is 46/100 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 National Highways Infra Trust (NSE:IVNHIT), the current 3-Year ROIIC % is 3.93 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 National Highways Infra Trust (NSE:IVNHIT) Overvalued in 2026?
Based on GuruFocus' analysis, National Highways Infra Trust stock appears to be undervalued.
The current stock price of ₹171.50 is trading 27% below its estimated GF Value™ of ₹235.00.
GuruFocus considers National Highways Infra Trust to be Modestly Undervalued.
Key valuation signals for NSE:IVNHIT:
3-Year ROIIC %: 3.93 (44% above median its 10-year median of 2.72)
GF Value™: ₹235.00 vs. price of ₹171.50 (27% below fair value)
Industry Position: 7.7% above the REITs median (#335 of 685)
No single metric tells the full story. See the NSE:IVNHIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Highways Infra Trust Business Description
National Highways Infra Trust is an infrastructure investment trust established for making investments in special purpose vehicles. Its projects include the Abu Road Project, Swaroopganj Project, Kota & Chittorgarh Bypass Project, Kurnool Highway Project, and Belgaum Project.
46GF Score
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