Modern Threads (India)NSE:MODTHREAD +0.78%38 3-Year ROIIC % is -26.45 as of Mar. 2026. GuruFocus rates NSE:MODTHREAD with a GF Score™ of 38/100. The stock has 3 warning signs investors should review. Among 1,010 Manufacturing - Apparel & Accessories companies, Modern Threads (India) ranks worse than 81.78% 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.
Modern Threads (India)'s 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -26.45%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Modern Threads (India)'s 3-Year ROIIC % or its related term are showing as below:
NSE:MODTHREAD's 3-Year ROIIC % is ranked worse than 81.78% of 1010
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.435
vs NSE:MODTHREAD: -26.45
Modern Threads (India) (NSE:MODTHREAD) 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.
Modern Threads (India) 3-Year ROIIC % Related Terms
Modern Threads (India) 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Modern Threads (India)'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.
Modern Threads (India) 3-Year ROIIC % Competitor Comparison
For the Textile Manufacturing subindustry, Modern Threads (India)'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.
Modern Threads (India) 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Modern Threads (India)'s 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Modern Threads (India)'s 3-Year ROIIC % falls into.
Modern Threads (India)'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**
=
( 61.713901 (Mar. 2026) - 255.308 (Mar. 2023) )
/
( 1894.872 (Mar. 2026) - 1162.893 (Mar. 2023) )
=
-193.594099
/
731.979
=
-26.45%***
* 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.
Modern Threads (India) (NSE:MODTHREAD) has a 3-Year ROIIC % of -26.45 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 Modern Threads (India) and its competitors. According to the industry distribution chart, Modern Threads (India) ranks #826 out of 1010 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 81.8%.
Is Modern Threads (India)'s 3-Year ROIIC % too high?
Modern Threads (India)'s current 3-Year ROIIC % is -26.45. Based on the distribution chart, Modern Threads (India) ranks #826 out of 1010 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Modern Threads (India) has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Modern Threads (India)'s 3-Year ROIIC % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Modern Threads (India) ranks #826 out of 1010 companies for 3-Year ROIIC %. This places Modern Threads (India) in the lower half of its industry. The industry median 3-Year ROIIC % is 1.44. 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 Manufacturing - Apparel & Accessories company?
The median 3-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 1.44, based on 1,010 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 Modern Threads (India) and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Threads (India)'s current 3-Year ROIIC % is -26.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Threads (India) stock overvalued right now?
Modern Threads (India) (NSE:MODTHREAD) has a current 3-Year ROIIC % of -26.45. The current 3-Year ROIIC % is -26.45. Modern Threads (India)'s overall GF Score™ is 38/100 with 3 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 Modern Threads (India) (NSE:MODTHREAD), the current 3-Year ROIIC % is -26.45 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.
Modern Threads (India) Ltd is engaged in the textile industry, manufacturing and selling a diverse products, including worsted yarn, wool tops, wool grease, polyester viscose fiber-dyed yarn, polyester yarn, and lanolin. The company mainly produces worsted yarn, wool tops, and synthetic yarn. Its products are exported to over 25 countries across Europe, Latin America, the Far East, the Middle East, and Africa. Its manufacturing plants are located in Raila and Bhilwara. The company has generated the majority of its revenue from India.
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