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Neogen ChemicalsNSE:NEOGEN +0.02%85 3-Year ROIIC % is 0.66 as of Mar. 2026, which is 92% below its 10-year median of 8.08. GuruFocus rates NSE:NEOGEN with a GF Score™ of 85/100 and a GF Value™ of ₹1,952.32 (Fairly Valued). The stock has 11 warning signs investors should review. Among 1,528 Chemicals companies, Neogen Chemicals ranks better than 51.31% 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.
Neogen Chemicals's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 0.66%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Neogen Chemicals's 3-Year ROIIC % or its related term are showing as below:
NSE:NEOGEN's 3-Year ROIIC % is ranked better than 51.31% of 1528
companies
in the Chemicals industry
Industry Median: 0.07
vs NSE:NEOGEN: 0.66
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.
Neogen Chemicals 3-Year ROIIC % Related Terms
Neogen Chemicals 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Neogen 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:NEOGEN vs LIN, SHW, ECL: 3-Year ROIIC % Comparison
For the Specialty Chemicals subindustry, Neogen 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.
Neogen Chemicals 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Neogen Chemicals's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Neogen Chemicals's 3-Year ROIIC % falls into.
Neogen 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**
=
( 769.54005 (Mar. 2026) - 671.2797 (Mar. 2023) )
/
( 22738.3 (Mar. 2026) - 7850.4 (Mar. 2023) )
=
98.26035
/
14887.9
=
0.66%***
* 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.
Neogen Chemicals (NSE:NEOGEN) has a 3-Year ROIIC % of 0.66 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 Neogen Chemicals and its competitors. This is 92% below median its historical median of 8.08. Over the past decade, Neogen Chemicals' 3-Year ROIIC % has ranged from 0.66 to 14.63. According to the industry distribution chart, Neogen Chemicals ranks #744 out of 1528 companies in the Chemicals industry, placing it in the top 48.7%.
Is Neogen Chemicals' 3-Year ROIIC % too high?
Neogen Chemicals' current 3-Year ROIIC % of 0.66 is 92% below median its 10-year median of 8.08. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 14.63. The Chemicals industry median 3-Year ROIIC % is 0.07. Neogen Chemicals' value of 0.66 is 842.9% above this industry median. Based on the distribution chart, Neogen Chemicals ranks #744 out of 1528 companies in the Chemicals industry, which is above the industry midpoint. Overall, Neogen Chemicals has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Neogen Chemicals' 3-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Neogen Chemicals ranks #744 out of 1528 companies for 3-Year ROIIC %. This puts Neogen Chemicals in the upper half of its industry. The industry median 3-Year ROIIC % is 0.07. Neogen Chemicals' value of 0.66 is 842.9% above this benchmark. Historically, Neogen Chemicals' own 3-Year ROIIC % has ranged from 0.66 to 14.63 over the past decade. While the company's 10-year median is 8.08 vs. the industry median of 0.07, Neogen 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 0.07, based on 1,528 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. Neogen Chemicals's current 3-Year ROIIC % of 0.66 is 842.9% 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 Neogen Chemicals and its competitors. For the Chemicals industry, the median 3-Year ROIIC % is 0.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neogen Chemicals's current 3-Year ROIIC % is 0.66, which is 92% below median its own 10-year median of 8.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neogen Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Neogen Chemicals (NSE:NEOGEN) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,952.32, compared to a current price of ₹2,031.90 — trading 4.1% above its estimated fair value. The current 3-Year ROIIC % is 0.66, which is 92% below median its 10-year median of 8.08 and 842.9% above the Chemicals industry median of 0.07. Neogen Chemicals' overall GF Score™ is 85/100 with 11 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 Neogen Chemicals (NSE:NEOGEN), the current 3-Year ROIIC % is 0.66 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.
Is Neogen Chemicals (NSE:NEOGEN) Overvalued in 2026?
Based on GuruFocus' analysis, Neogen Chemicals stock appears to be overvalued.
The current stock price of ₹2,031.90 is trading 4.1% above its estimated GF Value™ of ₹1,952.32.
GuruFocus considers Neogen Chemicals to be Fairly Valued.
Key valuation signals for NSE:NEOGEN:
3-Year ROIIC %: 0.66 (92% below median its 10-year median of 8.08)
GF Value™: ₹1,952.32 vs. price of ₹2,031.90 (4.1% above fair value)
Industry Position: 842.9% above the Chemicals median (#744 of 1528)
No single metric tells the full story. See the NSE:NEOGEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neogen Chemicals Ltd is engaged in the manufacturing of specialty chemicals that are used in the Pharmaceutical, Engineering and Agro-Chemical industries. The company manufactures bromine-based and lithium-based specialty chemicals. Its products include Organobromine compounds, Chloro compounds, Inorganic bromine compounds, Lithium Salts and others. Geographically, It generates the majority of the revenue from India and also exports to other countries.
85GF Score
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