Race Eco ChainNSE:RACE -0.62%76 3-Year ROIIC % is 6.31 as of Mar. 2026, which is at its 10-year median of 6.31. GuruFocus rates NSE:RACE with a GF Score™ of 76/100 and a GF Value™ of ₹555.72 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 231 Waste Management companies, Race Eco Chain ranks better than 57.14% 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.
Race Eco Chain's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 6.31%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Race Eco Chain's 3-Year ROIIC % or its related term are showing as below:
NSE:RACE's 3-Year ROIIC % is ranked better than 57.14% of 231
companies
in the Waste Management industry
Industry Median: 3.13
vs NSE:RACE: 6.31
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.
Race Eco Chain 3-Year ROIIC % Related Terms
Race Eco Chain 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Race Eco Chain'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:RACE vs WM, RSG, WCN: 3-Year ROIIC % Comparison
For the Waste Management subindustry, Race Eco Chain'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.
Race Eco Chain 3-Year ROIIC % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Race Eco Chain's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Race Eco Chain'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.
Race Eco Chain (NSE:RACE) has a 3-Year ROIIC % of 6.31 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 Race Eco Chain and its competitors. This is near median its historical median of 6.31. According to the industry distribution chart, Race Eco Chain ranks #99 out of 231 companies in the Waste Management industry, placing it in the top 42.9%.
Is Race Eco Chain's 3-Year ROIIC % too high?
Race Eco Chain's current 3-Year ROIIC % of 6.31 is near median its 10-year median of 6.31. The Waste Management industry median 3-Year ROIIC % is 3.13. Race Eco Chain's value of 6.31 is 101.6% above this industry median. Based on the distribution chart, Race Eco Chain ranks #99 out of 231 companies in the Waste Management industry, which is above the industry midpoint. Overall, Race Eco Chain has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Race Eco Chain's 3-Year ROIIC % compare to WM and RSG?
According to the Waste Management industry distribution chart, Race Eco Chain ranks #99 out of 231 companies for 3-Year ROIIC %. This puts Race Eco Chain in the upper half of its industry. The industry median 3-Year ROIIC % is 3.13. Race Eco Chain's value of 6.31 is 101.6% above this benchmark. While the company's 10-year median is 6.31 vs. the industry median of 3.13, Race Eco Chain 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 Waste Management company?
The median 3-Year ROIIC % among Waste Management companies is 3.13, based on 231 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. Race Eco Chain's current 3-Year ROIIC % of 6.31 is 101.6% 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 Race Eco Chain and its competitors. For the Waste Management industry, the median 3-Year ROIIC % is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Race Eco Chain's current 3-Year ROIIC % is 6.31, which is near median its own 10-year median of 6.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Race Eco Chain stock overvalued right now?
Based on GuruFocus' analysis, Race Eco Chain (NSE:RACE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹555.72, compared to a current price of ₹111.30 — trading 80% below its estimated fair value. The current 3-Year ROIIC % is 6.31, which is near median its 10-year median of 6.31 and 101.6% above the Waste Management industry median of 3.13. Race Eco Chain's overall GF Score™ is 76/100 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 Race Eco Chain (NSE:RACE), the current 3-Year ROIIC % is 6.31 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 Race Eco Chain (NSE:RACE) Overvalued in 2026?
Based on GuruFocus' analysis, Race Eco Chain stock appears to be undervalued.
The current stock price of ₹111.30 is trading 80% below its estimated GF Value™ of ₹555.72.
GuruFocus considers Race Eco Chain to be Significantly Undervalued.
Key valuation signals for NSE:RACE:
3-Year ROIIC %: 6.31 (near median its 10-year median of 6.31)
GF Value™: ₹555.72 vs. price of ₹111.30 (80% below fair value)
Industry Position: 101.6% above the Waste Management median (#99 of 231)
No single metric tells the full story. See the NSE:RACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers who eventually convert the waste into useful products. It is also involved in the manufacturing of recycled products. The company's segments are Recycle Division; Restore Division; Biomass Division and It Division. It generates the majority of its revenue from the Recycle Division.
76GF Score
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