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Rishabh InstrumentsNSE:RISHABH -0.60%56 3-Year ROIIC % is 9.72 as of Mar. 2026, which is 604% above its 10-year median of 1.38. GuruFocus rates NSE:RISHABH with a GF Score™ of 56/100 and a GF Value™ of ₹431.14 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,373 Hardware companies, Rishabh Instruments ranks better than 60.81% 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.
Rishabh Instruments's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 9.72%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Rishabh Instruments's 3-Year ROIIC % or its related term are showing as below:
NSE:RISHABH's 3-Year ROIIC % is ranked better than 60.81% of 2373
companies
in the Hardware industry
Industry Median: 2.33
vs NSE:RISHABH: 9.72
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.
Rishabh Instruments 3-Year ROIIC % Related Terms
Rishabh Instruments 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Rishabh Instruments'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:RISHABH vs COHR, KEYS, GRMN: 3-Year ROIIC % Comparison
For the Scientific & Technical Instruments subindustry, Rishabh Instruments'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.
Rishabh Instruments 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Rishabh Instruments's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Rishabh Instruments'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.
Rishabh Instruments (NSE:RISHABH) has a 3-Year ROIIC % of 9.72 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 Rishabh Instruments and its competitors. This is 604% above median its historical median of 1.38. According to the industry distribution chart, Rishabh Instruments ranks #930 out of 2373 companies in the Hardware industry, placing it in the top 39.2%.
Is Rishabh Instruments' 3-Year ROIIC % too high?
Rishabh Instruments' current 3-Year ROIIC % of 9.72 is 604% above median its 10-year median of 1.38. The Hardware industry median 3-Year ROIIC % is 2.33. Rishabh Instruments' value of 9.72 is 317.2% above this industry median. Based on the distribution chart, Rishabh Instruments ranks #930 out of 2373 companies in the Hardware industry, which is above the industry midpoint. Overall, Rishabh Instruments has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rishabh Instruments' 3-Year ROIIC % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Rishabh Instruments ranks #930 out of 2373 companies for 3-Year ROIIC %. This puts Rishabh Instruments in the upper half of its industry. The industry median 3-Year ROIIC % is 2.33. Rishabh Instruments' value of 9.72 is 317.2% above this benchmark. While the company's 10-year median is 1.38 vs. the industry median of 2.33, Rishabh Instruments 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.33, based on 2,373 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. Rishabh Instruments's current 3-Year ROIIC % of 9.72 is 317.2% 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 Rishabh Instruments and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rishabh Instruments's current 3-Year ROIIC % is 9.72, which is 604% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rishabh Instruments stock overvalued right now?
Based on GuruFocus' analysis, Rishabh Instruments (NSE:RISHABH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹431.14, compared to a current price of ₹648.70 — trading 50.5% above its estimated fair value. The current 3-Year ROIIC % is 9.72, which is 604% above median its 10-year median of 1.38 and 317.2% above the Hardware industry median of 2.33. Rishabh Instruments' overall GF Score™ is 56/100 with 6 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 Rishabh Instruments (NSE:RISHABH), the current 3-Year ROIIC % is 9.72 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 Rishabh Instruments (NSE:RISHABH) Overvalued in 2026?
Based on GuruFocus' analysis, Rishabh Instruments stock appears to be overvalued.
The current stock price of ₹648.70 is trading 50.5% above its estimated GF Value™ of ₹431.14.
GuruFocus considers Rishabh Instruments to be Significantly Overvalued.
Key valuation signals for NSE:RISHABH:
3-Year ROIIC %: 9.72 (604% above median its 10-year median of 1.38)
GF Value™: ₹431.14 vs. price of ₹648.70 (50.5% above fair value)
Industry Position: 317.2% above the Hardware median (#930 of 2373)
No single metric tells the full story. See the NSE:RISHABH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rishabh Instruments Ltd is engaged in designing, developing, and manufacturing test and measuring instruments and industrial control products, and high-pressure aluminum die casting. Its product portfolio comprises analog panel meters, battery chargers, CAM switches, clamp meters, earth testers, isolators, transducers, etc. Geographically, the group generates maximum revenue from Europe (excluding Poland), followed by Poland, Asia, the USA, and other regions.
56GF Score
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