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Kalyani SteelsNSE:KSL +1.67%79 3-Year ROIIC % is 9.47 as of Mar. 2026, which is 71% above its 10-year median of 5.53. GuruFocus rates NSE:KSL with a GF Score™ of 79/100 and a GF Value™ of ₹764.49 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 605 Steel companies, Kalyani Steels ranks better than 69.09% 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.
Kalyani Steels's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 9.47%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Kalyani Steels's 3-Year ROIIC % or its related term are showing as below:
NSE:KSL's 3-Year ROIIC % is ranked better than 69.09% of 605
companies
in the Steel industry
Industry Median: -0.23
vs NSE:KSL: 9.47
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.
Kalyani Steels 3-Year ROIIC % Related Terms
Kalyani Steels 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Kalyani Steels'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:KSL vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Kalyani Steels'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.
Kalyani Steels 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Kalyani Steels's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Kalyani Steels'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.
Kalyani Steels (NSE:KSL) has a 3-Year ROIIC % of 9.47 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 Kalyani Steels and its competitors. This is 71% above median its historical median of 5.53. According to the industry distribution chart, Kalyani Steels ranks #187 out of 605 companies in the Steel industry, placing it in the top 30.9%.
Is Kalyani Steels' 3-Year ROIIC % too high?
Kalyani Steels' current 3-Year ROIIC % of 9.47 is 71% above median its 10-year median of 5.53. Based on the distribution chart, Kalyani Steels ranks #187 out of 605 companies in the Steel industry, which is above the industry midpoint. Overall, Kalyani Steels has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kalyani Steels' 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Kalyani Steels ranks #187 out of 605 companies for 3-Year ROIIC %. This puts Kalyani Steels 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 Kalyani Steels and its competitors. Kalyani Steels's current 3-Year ROIIC % is 9.47, which is 71% above median its own 10-year median of 5.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kalyani Steels stock overvalued right now?
Based on GuruFocus' analysis, Kalyani Steels (NSE:KSL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹764.49, compared to a current price of ₹918.20 — trading 20.1% above its estimated fair value. The current 3-Year ROIIC % is 9.47, which is 71% above median its 10-year median of 5.53. Kalyani Steels' overall GF Score™ is 79/100 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 Kalyani Steels (NSE:KSL), the current 3-Year ROIIC % is 9.47 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 Kalyani Steels (NSE:KSL) Overvalued in 2026?
Based on GuruFocus' analysis, Kalyani Steels stock appears to be overvalued.
The current stock price of ₹918.20 is trading 20.1% above its estimated GF Value™ of ₹764.49.
GuruFocus considers Kalyani Steels to be Modestly Overvalued.
Key valuation signals for NSE:KSL:
3-Year ROIIC %: 9.47 (71% above median its 10-year median of 5.53)
GF Value™: ₹764.49 vs. price of ₹918.20 (20.1% above fair value)
No single metric tells the full story. See the NSE:KSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kalyani Steels Ltd manufactures forging and engineering quality carbon and alloy steel. Its product portfolio consists of carbon steel, carbon-manganese steel, chrome steel, chrome-manganese steel, chrome-nickel steel, chrome-moly steel, low carbon chrome-nickel-moly steel, medium carbon cr-ni-mo steel and bearing steel. The company's products are used in automotive forging, construction equipment, bearings, seamless tubes, and aluminum smelting. The majority of the revenue is generated by the sale of Rolled Products, As Cast Blooms and Pig Iron. These operating segment have been aggregated into one reportable business segment which is Forging and Engineering quality carbon and alloy steels.
79GF Score
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