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Mahickra ChemicalsNSE:MAHICKRA 53 3-Year ROIIC % is 10.99 as of Mar. 2026, which is 31% above its 10-year median of 8.41. GuruFocus rates NSE:MAHICKRA with a GF Score™ of 53/100 and a GF Value™ of ₹155.16 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,525 Chemicals companies, Mahickra Chemicals ranks better than 68.72% 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.
Mahickra Chemicals's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 10.99%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Mahickra Chemicals's 3-Year ROIIC % or its related term are showing as below:
NSE:MAHICKRA's 3-Year ROIIC % is ranked better than 68.72% of 1525
companies
in the Chemicals industry
Industry Median: 0.04
vs NSE:MAHICKRA: 10.99
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.
Mahickra Chemicals 3-Year ROIIC % Related Terms
Mahickra Chemicals 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Mahickra Chemicals'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:MAHICKRA vs LIN, SHW, ECL: 3-Year ROIIC % Comparison
For the Specialty Chemicals subindustry, Mahickra Chemicals'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.
Mahickra Chemicals 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Mahickra Chemicals's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Mahickra Chemicals's 3-Year ROIIC % falls into.
Mahickra Chemicals'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**
=
( 54.7954395 (Mar. 2026) - 29.70648 (Mar. 2023) )
/
( 675.995 (Mar. 2026) - 447.641 (Mar. 2023) )
=
25.0889595
/
228.354
=
10.99%***
* 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.
Mahickra Chemicals (NSE:MAHICKRA) has a 3-Year ROIIC % of 10.99 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 Mahickra Chemicals and its competitors. This is 31% above median its historical median of 8.41. Over the past decade, Mahickra Chemicals' 3-Year ROIIC % has ranged from 0.77 to 11.20. According to the industry distribution chart, Mahickra Chemicals ranks #477 out of 1525 companies in the Chemicals industry, placing it in the top 31.3%.
Is Mahickra Chemicals' 3-Year ROIIC % too high?
Mahickra Chemicals' current 3-Year ROIIC % of 10.99 is 31% above median its 10-year median of 8.41. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 11.20. The Chemicals industry median 3-Year ROIIC % is 0.04. Mahickra Chemicals' value of 10.99 is 27375% above this industry median. Based on the distribution chart, Mahickra Chemicals ranks #477 out of 1525 companies in the Chemicals industry, which is above the industry midpoint. Overall, Mahickra Chemicals has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mahickra Chemicals' 3-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Mahickra Chemicals ranks #477 out of 1525 companies for 3-Year ROIIC %. This puts Mahickra Chemicals in the upper half of its industry. The industry median 3-Year ROIIC % is 0.04. Mahickra Chemicals' value of 10.99 is 27375% above this benchmark. Historically, Mahickra Chemicals' own 3-Year ROIIC % has ranged from 0.77 to 11.20 over the past decade. While the company's 10-year median is 8.41 vs. the industry median of 0.04, Mahickra Chemicals 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 Chemicals company?
The median 3-Year ROIIC % among Chemicals companies is 0.04, based on 1,525 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. Mahickra Chemicals's current 3-Year ROIIC % of 10.99 is 27375% 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 Mahickra Chemicals and its competitors. For the Chemicals industry, the median 3-Year ROIIC % is 0.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahickra Chemicals's current 3-Year ROIIC % is 10.99, which is 31% above median its own 10-year median of 8.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahickra Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Mahickra Chemicals (NSE:MAHICKRA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹155.16, compared to a current price of ₹275.00 — trading 77.2% above its estimated fair value. The current 3-Year ROIIC % is 10.99, which is 31% above median its 10-year median of 8.41 and 27375% above the Chemicals industry median of 0.04. Mahickra Chemicals' overall GF Score™ is 53/100 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 Mahickra Chemicals (NSE:MAHICKRA), the current 3-Year ROIIC % is 10.99 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 Mahickra Chemicals (NSE:MAHICKRA) Overvalued in 2026?
Based on GuruFocus' analysis, Mahickra Chemicals stock appears to be overvalued.
The current stock price of ₹275.00 is trading 77.2% above its estimated GF Value™ of ₹155.16.
GuruFocus considers Mahickra Chemicals to be Significantly Overvalued.
Key valuation signals for NSE:MAHICKRA:
3-Year ROIIC %: 10.99 (31% above median its 10-year median of 8.41)
GF Value™: ₹155.16 vs. price of ₹275.00 (77.2% above fair value)
Industry Position: 27375% above the Chemicals median (#477 of 1525)
No single metric tells the full story. See the NSE:MAHICKRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mahickra Chemicals Ltd is an India-based company engaged in the business of manufacturing and trading of dyes and chemicals. Its product portfolio includes reactive dyes, acid dyes, direct dyes, pigment powder and emulsion, specialty chemicals, and synthetic food colors, among others. The company caters to both the Indian as well as international markets.
53GF Score
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