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.
Jindal StainlessNSE:JSL +1.14%93 3-Year ROIIC % is 11.44 as of Mar. 2026, which is 45% above its 10-year median of 7.90. GuruFocus rates NSE:JSL with a GF Score™ of 93/100 and a GF Value™ of ₹788.23 (Fairly Valued). The stock has 1 warning sign investors should review. Among 605 Steel companies, Jindal Stainless ranks better than 71.07% 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.
Jindal Stainless's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 11.44%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Jindal Stainless's 3-Year ROIIC % or its related term are showing as below:
NSE:JSL's 3-Year ROIIC % is ranked better than 71.07% of 605
companies
in the Steel industry
Industry Median: -0.23
vs NSE:JSL: 11.44
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.
Jindal Stainless 3-Year ROIIC % Related Terms
Jindal Stainless 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Jindal Stainless'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:JSL vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Jindal Stainless'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.
Jindal Stainless 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Jindal Stainless's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Jindal Stainless'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.
Jindal Stainless (NSE:JSL) has a 3-Year ROIIC % of 11.44 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 Jindal Stainless and its competitors. This is 45% above median its historical median of 7.90. According to the industry distribution chart, Jindal Stainless ranks #175 out of 605 companies in the Steel industry, placing it in the top 28.9%.
Is Jindal Stainless' 3-Year ROIIC % too high?
Jindal Stainless' current 3-Year ROIIC % of 11.44 is 45% above median its 10-year median of 7.90. Based on the distribution chart, Jindal Stainless ranks #175 out of 605 companies in the Steel industry, which is above the industry midpoint. Overall, Jindal Stainless has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jindal Stainless' 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Jindal Stainless ranks #175 out of 605 companies for 3-Year ROIIC %. This puts Jindal Stainless in the upper 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 a Steel company?
A good 3-Year ROIIC % depends on the Steel 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 Jindal Stainless and its competitors. Jindal Stainless's current 3-Year ROIIC % is 11.44, which is 45% above median its own 10-year median of 7.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jindal Stainless stock overvalued right now?
Based on GuruFocus' analysis, Jindal Stainless (NSE:JSL) is currently considered Fairly Valued. The stock's GF Value™ is ₹788.23, compared to a current price of ₹739.05 — trading 6.2% below its estimated fair value. The current 3-Year ROIIC % is 11.44, which is 45% above median its 10-year median of 7.90. Jindal Stainless' overall GF Score™ is 93/100 with 1 warning sign 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 Jindal Stainless (NSE:JSL), the current 3-Year ROIIC % is 11.44 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 Jindal Stainless (NSE:JSL) Overvalued in 2026?
Based on GuruFocus' analysis, Jindal Stainless stock appears to be undervalued.
The current stock price of ₹739.05 is trading 6.2% below its estimated GF Value™ of ₹788.23.
GuruFocus considers Jindal Stainless to be Fairly Valued.
Key valuation signals for NSE:JSL:
3-Year ROIIC %: 11.44 (45% above median its 10-year median of 7.90)
GF Value™: ₹788.23 vs. price of ₹739.05 (6.2% below fair value)
No single metric tells the full story. See the NSE:JSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jindal Stainless Ltd is an India-based stainless steel manufacturing company. It offers products such as ferroalloys, stainless steel slabs, and blooms, hot rolled and cold rolled coils, plates, razor blade steel, precision strips, and coin blanks. The firm has a distribution network through its service centers and warehouses in both the Indian and overseas markets. Jindal derives the majority of the revenue from the sale of steel products.
93GF Score
Get the complete analysis for NSE:JSL
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:JSL has been successfully added to your 
