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.
Manorama IndustriesNSE:MANORAMA -1.18%99 3-Year ROIIC % is 31.99 as of Mar. 2026, which is 205% above its 10-year median of 10.48. GuruFocus rates NSE:MANORAMA with a GF Score™ of 99/100 and a GF Value™ of ₹1,965.02 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,831 Consumer Packaged Goods companies, Manorama Industries ranks better than 79.9% 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.
Manorama Industries's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 31.99%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Manorama Industries's 3-Year ROIIC % or its related term are showing as below:
NSE:MANORAMA's 3-Year ROIIC % is ranked better than 79.9% of 1831
companies
in the Consumer Packaged Goods industry
Industry Median: 2.62
vs NSE:MANORAMA: 31.99
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.
Manorama Industries 3-Year ROIIC % Related Terms
Manorama Industries 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Manorama Industries'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:MANORAMA vs KHC, GIS: 3-Year ROIIC % Comparison
For the Packaged Foods subindustry, Manorama Industries'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.
Manorama Industries 3-Year ROIIC % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Manorama Industries's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Manorama Industries'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.
Manorama Industries (NSE:MANORAMA) has a 3-Year ROIIC % of 31.99 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 Manorama Industries and its competitors. This is 205% above median its historical median of 10.48. Over the past decade, Manorama Industries' 3-Year ROIIC % has ranged from 1.08 to 52.04. According to the industry distribution chart, Manorama Industries ranks #368 out of 1831 companies in the Consumer Packaged Goods industry, placing it in the top 20.1%.
Is Manorama Industries' 3-Year ROIIC % too high?
Manorama Industries' current 3-Year ROIIC % of 31.99 is 205% above median its 10-year median of 10.48. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 52.04. The Consumer Packaged Goods industry median 3-Year ROIIC % is 2.62. Manorama Industries' value of 31.99 is 1121% above this industry median. Based on the distribution chart, Manorama Industries ranks #368 out of 1831 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Manorama Industries has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manorama Industries' 3-Year ROIIC % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Manorama Industries ranks #368 out of 1831 companies for 3-Year ROIIC %. This places Manorama Industries in the top 20% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.62. Manorama Industries' value of 31.99 is 1121% above this benchmark. Historically, Manorama Industries' own 3-Year ROIIC % has ranged from 1.08 to 52.04 over the past decade. While the company's 10-year median is 10.48 vs. the industry median of 2.62, Manorama Industries 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 Consumer Packaged Goods company?
The median 3-Year ROIIC % among Consumer Packaged Goods companies is 2.62, based on 1,831 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. Manorama Industries's current 3-Year ROIIC % of 31.99 is 1121% 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 Manorama Industries and its competitors. For the Consumer Packaged Goods industry, the median 3-Year ROIIC % is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manorama Industries's current 3-Year ROIIC % is 31.99, which is 205% above median its own 10-year median of 10.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manorama Industries stock overvalued right now?
Based on GuruFocus' analysis, Manorama Industries (NSE:MANORAMA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,965.02, compared to a current price of ₹1,639.30 — trading 16.6% below its estimated fair value. The current 3-Year ROIIC % is 31.99, which is 205% above median its 10-year median of 10.48 and 1121% above the Consumer Packaged Goods industry median of 2.62. Manorama Industries' overall GF Score™ is 99/100 with 2 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 Manorama Industries (NSE:MANORAMA), the current 3-Year ROIIC % is 31.99 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 Manorama Industries (NSE:MANORAMA) Overvalued in 2026?
Based on GuruFocus' analysis, Manorama Industries stock appears to be undervalued.
The current stock price of ₹1,639.30 is trading 16.6% below its estimated GF Value™ of ₹1,965.02.
GuruFocus considers Manorama Industries to be Modestly Undervalued.
Key valuation signals for NSE:MANORAMA:
3-Year ROIIC %: 31.99 (205% above median its 10-year median of 10.48)
GF Value™: ₹1,965.02 vs. price of ₹1,639.30 (16.6% below fair value)
Industry Position: 1121% above the Consumer Packaged Goods median (#368 of 1831)
No single metric tells the full story. See the NSE:MANORAMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manorama Industries Ltd is engaged in the manufacturing, processing, and supply of exotic and specialty fats and oils. The products offered by the company include Sal butter, Sal fat, Sal stearine, Mango butter, Kokum oil, Mowrah fat, and several other value-added, tailor-made products. Its only operating segment is the Manufacturing of Exotic Seed based Fats and Butters including Cocoa Butter Equivalent (CBE). Geographically, the company generates a majority of its revenue from outside India through exports, and the rest from its business within India.
99GF Score
Get the complete analysis for NSE:MANORAMA
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:MANORAMA has been successfully added to your 
