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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.
National Fertilizers's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 78.06%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for National Fertilizers's 3-Year ROIIC % or its related term are showing as below:
NSE:NFL's 3-Year ROIIC % is ranked better than 91.63% of 251
companies
in the Agriculture industry
Industry Median: -2.28
vs NSE:NFL: 78.06
National Fertilizers (NSE:NFL) 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.
National Fertilizers 3-Year ROIIC % Related Terms
National Fertilizers 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for National Fertilizers'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:NFL vs CTVA, CF, MOS: 3-Year ROIIC % Comparison
For the Agricultural Inputs subindustry, National Fertilizers'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.
National Fertilizers 3-Year ROIIC % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, National Fertilizers's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where National Fertilizers'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.
National Fertilizers (NSE:NFL) has a 3-Year ROIIC % of 78.06 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 National Fertilizers and its competitors. According to the industry distribution chart, National Fertilizers ranks #21 out of 251 companies in the Agriculture industry, placing it in the top 8.4%.
Is National Fertilizers' 3-Year ROIIC % too high?
National Fertilizers' current 3-Year ROIIC % is 78.06. Based on the distribution chart, National Fertilizers ranks #21 out of 251 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, National Fertilizers has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does National Fertilizers' 3-Year ROIIC % compare to CTVA and CF?
According to the Agriculture industry distribution chart, National Fertilizers ranks #21 out of 251 companies for 3-Year ROIIC %. This places National Fertilizers in the top 8% of its industry — outperforming the majority of peers. 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 Agriculture company?
A good 3-Year ROIIC % depends on the Agriculture 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 National Fertilizers and its competitors. National Fertilizers's current 3-Year ROIIC % is 78.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Fertilizers stock overvalued right now?
Based on GuruFocus' analysis, National Fertilizers (NSE:NFL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹304.20, compared to a current price of ₹73.79 — trading 75.7% below its estimated fair value. The current 3-Year ROIIC % is 78.06. National Fertilizers' overall GF Score™ is 72/100 with 5 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 National Fertilizers (NSE:NFL), the current 3-Year ROIIC % is 78.06 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 National Fertilizers (NSE:NFL) Overvalued in 2026?
Based on GuruFocus' analysis, National Fertilizers stock appears to be undervalued.
The current stock price of ₹73.79 is trading 75.7% below its estimated GF Value™ of ₹304.20.
GuruFocus considers National Fertilizers to be Possible Value Trap.
Key valuation signals for NSE:NFL:
3-Year ROIIC %: 78.06
GF Value™: ₹304.20 vs. price of ₹73.79 (75.7% below fair value)
No single metric tells the full story. See the NSE:NFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Fertilizers Ltd is engaged in the business of manufacturing agro chemicals. Its product portfolio includes Neem Coated Urea, four strains of Bio-Fertilizers (solid & liquid), Bentonite Sulphur, and other allied Industrial products like Ammonia, Nitric Acid, Ammonium Nitrate, Sodium Nitrite and Sodium Nitrate. The brand name of the company is known in the market as KISAN. The company also provides agriculture extension services to educate farmers on fertilizers and the know-how on scientific methods of cultivation. Its operating segments include Manufactured Fertilizers which derive key revenue, Manufactured Chemicals, Traded Imported Fertilizers, and Others. Geographically, the company caters only to the Indian market.
72GF Score
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