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Mangalam WorldwideNSE:MWL +0.56%54 3-Year ROIIC % is 11.66 as of Mar. 2026, which is 44% above its 10-year median of 8.07. GuruFocus rates NSE:MWL with a GF Score™ of 54/100. The stock has 4 warning signs investors should review. Among 606 Steel companies, Mangalam Worldwide ranks better than 71.29% 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.
Mangalam Worldwide's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 11.66%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Mangalam Worldwide's 3-Year ROIIC % or its related term are showing as below:
NSE:MWL's 3-Year ROIIC % is ranked better than 71.29% of 606
companies
in the Steel industry
Industry Median: -0.25
vs NSE:MWL: 11.66
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.
Mangalam Worldwide 3-Year ROIIC % Related Terms
Mangalam Worldwide 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Mangalam Worldwide'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:MWL vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Mangalam Worldwide'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.
Mangalam Worldwide 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Mangalam Worldwide's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Mangalam Worldwide's 3-Year ROIIC % falls into.
Mangalam Worldwide'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**
=
( 795.3199306 (Mar. 2026) - 137.237 (Mar. 2023) )
/
( 8046.384 (Mar. 2026) - 2403.507 (Mar. 2023) )
=
658.0829306
/
5642.877
=
11.66%***
* 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.
Mangalam Worldwide (NSE:MWL) has a 3-Year ROIIC % of 11.66 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 Mangalam Worldwide and its competitors. This is 44% above median its historical median of 8.07. Over the past decade, Mangalam Worldwide's 3-Year ROIIC % has ranged from 5.44 to 11.66. According to the industry distribution chart, Mangalam Worldwide ranks #174 out of 606 companies in the Steel industry, placing it in the top 28.7%.
Is Mangalam Worldwide's 3-Year ROIIC % too high?
Mangalam Worldwide's current 3-Year ROIIC % of 11.66 is 44% above median its 10-year median of 8.07. Over the past 10 years, this metric has ranged from a low of 5.44 to a high of 11.66. Based on the distribution chart, Mangalam Worldwide ranks #174 out of 606 companies in the Steel industry, which is above the industry midpoint. Overall, Mangalam Worldwide has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Mangalam Worldwide's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Mangalam Worldwide ranks #174 out of 606 companies for 3-Year ROIIC %. This puts Mangalam Worldwide in the upper half of its industry. Historically, Mangalam Worldwide's own 3-Year ROIIC % has ranged from 5.44 to 11.66 over the past decade. 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 Mangalam Worldwide and its competitors. Mangalam Worldwide's current 3-Year ROIIC % is 11.66, which is 44% above median its own 10-year median of 8.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangalam Worldwide stock overvalued right now?
Mangalam Worldwide (NSE:MWL) has a current 3-Year ROIIC % of 11.66. The current 3-Year ROIIC % is 11.66, which is 44% above median its 10-year median of 8.07. Mangalam Worldwide's overall GF Score™ is 54/100 with 4 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 Mangalam Worldwide (NSE:MWL), the current 3-Year ROIIC % is 11.66 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.
Mangalam Worldwide Ltd is engaged in the manufacturing of stainless steel. The company manufactures Steel Products viz Billets, Ingots, Forged Roundbars, Forged Bright Roundbars, Roundbars, RCS Bars, Brightbars and Seamless Pipes & Tubes, Electric Resistance Welded (ERW) Pipes & Tubes. It operates in India and Outside India, of which it derives maximum revenue from India.
54GF Score
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