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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.
Mazagon Dock Shipbuilders's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -16.69%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Mazagon Dock Shipbuilders's 3-Year ROIIC % or its related term are showing as below:
NSE:MAZDOCK's 3-Year ROIIC % is ranked worse than 76.71% of 322
companies
in the Aerospace & Defense industry
Industry Median: 3.62
vs NSE:MAZDOCK: -16.69
Mazagon Dock Shipbuilders (NSE:MAZDOCK) 3-Year ROIIC % Explanation
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.
Mazagon Dock Shipbuilders 3-Year ROIIC % Related Terms
Mazagon Dock Shipbuilders 3-Year ROIIC % Historical Data
* 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:MAZDOCK vs SPCX, GE, RTX: 3-Year ROIIC % Comparison
For the Aerospace & Defense subindustry, Mazagon Dock Shipbuilders'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.
Mazagon Dock Shipbuilders 3-Year ROIIC % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Mazagon Dock Shipbuilders's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Mazagon Dock Shipbuilders'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.
Mazagon Dock Shipbuilders (NSE:MAZDOCK) has a 3-Year ROIIC % of -16.69 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 Mazagon Dock Shipbuilders and its competitors. According to the industry distribution chart, Mazagon Dock Shipbuilders ranks #247 out of 322 companies in the Aerospace & Defense industry, placing it in the top 76.7%.
Is Mazagon Dock Shipbuilders' 3-Year ROIIC % too high?
Mazagon Dock Shipbuilders' current 3-Year ROIIC % is -16.69. Based on the distribution chart, Mazagon Dock Shipbuilders ranks #247 out of 322 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Mazagon Dock Shipbuilders has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mazagon Dock Shipbuilders' 3-Year ROIIC % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Mazagon Dock Shipbuilders ranks #247 out of 322 companies for 3-Year ROIIC %. This places Mazagon Dock Shipbuilders in the lower half of its industry. The industry median 3-Year ROIIC % is 3.62. 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 an Aerospace & Defense company?
The median 3-Year ROIIC % among Aerospace & Defense companies is 3.62, based on 322 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. 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 Mazagon Dock Shipbuilders and its competitors. For the Aerospace & Defense industry, the median 3-Year ROIIC % is 3.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazagon Dock Shipbuilders's current 3-Year ROIIC % is -16.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazagon Dock Shipbuilders stock overvalued right now?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders (NSE:MAZDOCK) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,830.98, compared to a current price of ₹2,390.00 — trading 15.6% below its estimated fair value. The current 3-Year ROIIC % is -16.69. Mazagon Dock Shipbuilders' overall GF Score™ is 93/100 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 Mazagon Dock Shipbuilders (NSE:MAZDOCK), the current 3-Year ROIIC % is -16.69 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 Mazagon Dock Shipbuilders (NSE:MAZDOCK) Overvalued in 2026?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders stock appears to be undervalued.
The current stock price of ₹2,390.00 is trading 15.6% below its estimated GF Value™ of ₹2,830.98.
GuruFocus considers Mazagon Dock Shipbuilders to be Modestly Undervalued.
Key valuation signals for NSE:MAZDOCK:
3-Year ROIIC %: -16.69
GF Value™: ₹2,830.98 vs. price of ₹2,390.00 (15.6% below fair value)
No single metric tells the full story. See the NSE:MAZDOCK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The company is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, ferries, tugs, dredgers, barges, submarines, merchant ships, etc., with facilities situated in Mumbai and Nhava. It also offers ship designing, ship repairs and refit, tug support, and other related services. The company is organized into two segments: Shipbuilding and Submarine (New Construction and Repairs) and others.
93GF Score
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