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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.
Ratnamani Metals & Tubes's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -3.55%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Ratnamani Metals & Tubes's 3-Year ROIIC % or its related term are showing as below:
NSE:RATNAMANI's 3-Year ROIIC % is ranked worse than 58.18% of 605
companies
in the Steel industry
Industry Median: -0.23
vs NSE:RATNAMANI: -3.55
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.
Ratnamani Metals & Tubes 3-Year ROIIC % Related Terms
Ratnamani Metals & Tubes 3-Year ROIIC % Historical Data
* 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:RATNAMANI vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Ratnamani Metals & Tubes'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.
Ratnamani Metals & Tubes 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Ratnamani Metals & Tubes's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Ratnamani Metals & Tubes'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.
Ratnamani Metals & Tubes (NSE:RATNAMANI) has a 3-Year ROIIC % of -3.55 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 Ratnamani Metals & Tubes and its competitors. According to the industry distribution chart, Ratnamani Metals & Tubes ranks #352 out of 605 companies in the Steel industry, placing it in the top 58.2%.
Is Ratnamani Metals & Tubes' 3-Year ROIIC % too high?
Ratnamani Metals & Tubes' current 3-Year ROIIC % is -3.55. Based on the distribution chart, Ratnamani Metals & Tubes ranks #352 out of 605 companies in the Steel industry, which is below the industry midpoint. Overall, Ratnamani Metals & Tubes has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ratnamani Metals & Tubes' 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Ratnamani Metals & Tubes ranks #352 out of 605 companies for 3-Year ROIIC %. This places Ratnamani Metals & Tubes in the lower half of its industry. 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 Ratnamani Metals & Tubes and its competitors. Ratnamani Metals & Tubes's current 3-Year ROIIC % is -3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratnamani Metals & Tubes stock overvalued right now?
Based on GuruFocus' analysis, Ratnamani Metals & Tubes (NSE:RATNAMANI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,655.14, compared to a current price of ₹2,358.90 — trading 11.2% below its estimated fair value. The current 3-Year ROIIC % is -3.55. Ratnamani Metals & Tubes' overall GF Score™ is 97/100 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 Ratnamani Metals & Tubes (NSE:RATNAMANI), the current 3-Year ROIIC % is -3.55 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 Ratnamani Metals & Tubes (NSE:RATNAMANI) Overvalued in 2026?
Based on GuruFocus' analysis, Ratnamani Metals & Tubes stock appears to be undervalued.
The current stock price of ₹2,358.90 is trading 11.2% below its estimated GF Value™ of ₹2,655.14.
GuruFocus considers Ratnamani Metals & Tubes to be Modestly Undervalued.
Key valuation signals for NSE:RATNAMANI:
3-Year ROIIC %: -3.55
GF Value™: ₹2,655.14 vs. price of ₹2,358.90 (11.2% below fair value)
No single metric tells the full story. See the NSE:RATNAMANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressThe First Avenue Road, Off 132 Ft Ring Road, The First, A & B Wing, 9th Floor, Behind Keshav Baug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015
Ratnamani Metals & Tubes Ltd is a manufacturer of stainless steel pipes, tubes, and carbon steel pipes. The company's product mix consists of stainless steel tubes and pipes, carbon steel pipes, and external and internal coating solutions. It operates in the Steel Tubes and Pipes segment. The company's end market by revenue is India. The firm's manufacturing facilities are located in Kutch, Indrad, and Chhatral in the state of Gujarat.
97GF Score
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