JSW CementNSE:JSWCEMENT +2.18%24 3-Year ROIIC % is 13.31 as of Mar. 2026, which is 29% above its 10-year median of 10.32. GuruFocus rates NSE:JSWCEMENT with a GF Score™ of 24/100. The stock has 5 warning signs investors should review. Among 382 Building Materials companies, JSW Cement ranks better than 65.18% 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.
JSW Cement's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 13.31%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for JSW Cement's 3-Year ROIIC % or its related term are showing as below:
NSE:JSWCEMENT's 3-Year ROIIC % is ranked better than 65.18% of 382
companies
in the Building Materials industry
Industry Median: 5.185
vs NSE:JSWCEMENT: 13.31
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.
JSW Cement 3-Year ROIIC % Related Terms
JSW Cement 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for JSW Cement'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:JSWCEMENT vs CRH, VMC, MLM: 3-Year ROIIC % Comparison
For the Building Materials subindustry, JSW Cement'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.
JSW Cement 3-Year ROIIC % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, JSW Cement's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where JSW Cement's 3-Year ROIIC % falls into.
JSW Cement'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**
=
( 9198 (Mar. 2026) - 3700.826961 (Mar. 2023) )
/
( 130110.7 (Mar. 2026) - 88807.52 (Mar. 2023) )
=
5497.173039
/
41303.18
=
13.31%***
* 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.
JSW Cement (NSE:JSWCEMENT) has a 3-Year ROIIC % of 13.31 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 JSW Cement and its competitors. This is 29% above median its historical median of 10.32. Over the past decade, JSW Cement's 3-Year ROIIC % has ranged from 10.32 to 10.32. According to the industry distribution chart, JSW Cement ranks #133 out of 382 companies in the Building Materials industry, placing it in the top 34.8%.
Is JSW Cement's 3-Year ROIIC % too high?
JSW Cement's current 3-Year ROIIC % of 13.31 is 29% above median its 10-year median of 10.32. Over the past 10 years, this metric has ranged from a low of 10.32 to a high of 10.32. The Building Materials industry median 3-Year ROIIC % is 5.19. JSW Cement's value of 13.31 is 156.7% above this industry median. Based on the distribution chart, JSW Cement ranks #133 out of 382 companies in the Building Materials industry, which is above the industry midpoint. Overall, JSW Cement has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does JSW Cement's 3-Year ROIIC % compare to CRH and VMC?
According to the Building Materials industry distribution chart, JSW Cement ranks #133 out of 382 companies for 3-Year ROIIC %. This puts JSW Cement in the upper half of its industry. The industry median 3-Year ROIIC % is 5.19. JSW Cement's value of 13.31 is 156.7% above this benchmark. Historically, JSW Cement's own 3-Year ROIIC % has ranged from 10.32 to 10.32 over the past decade. While the company's 10-year median is 10.32 vs. the industry median of 5.19, JSW Cement 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 Building Materials company?
The median 3-Year ROIIC % among Building Materials companies is 5.19, based on 382 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. JSW Cement's current 3-Year ROIIC % of 13.31 is 156.7% 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 JSW Cement and its competitors. For the Building Materials industry, the median 3-Year ROIIC % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Cement's current 3-Year ROIIC % is 13.31, which is 29% above median its own 10-year median of 10.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Cement stock overvalued right now?
JSW Cement (NSE:JSWCEMENT) has a current 3-Year ROIIC % of 13.31. The current 3-Year ROIIC % is 13.31, which is 29% above median its 10-year median of 10.32 and 156.7% above the Building Materials industry median of 5.19. JSW Cement's overall GF Score™ is 24/100 with 5 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 JSW Cement (NSE:JSWCEMENT), the current 3-Year ROIIC % is 13.31 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.
JSW Cement Ltd is a cement company based in India. Its products include: Cement, additives, plaster, aggregates, ready-mix concrete, cementitious materials.
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