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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.
Shri Hare-Krishna Sponge Iron's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -8.01%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) 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.
Shri Hare-Krishna Sponge Iron 3-Year ROIIC % Related Terms
Shri Hare-Krishna Sponge Iron 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.
Shri Hare-Krishna Sponge Iron 3-Year ROIIC % Chart
NSE:SHKSIL vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Shri Hare-Krishna Sponge Iron'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.
Shri Hare-Krishna Sponge Iron 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Hare-Krishna Sponge Iron's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Shri Hare-Krishna Sponge Iron'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.
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a 3-Year ROIIC % of -8.01 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 Shri Hare-Krishna Sponge Iron and its competitors. According to the industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #396 out of 606 companies in the Steel industry, placing it in the top 65.3%.
Is Shri Hare-Krishna Sponge Iron's 3-Year ROIIC % too high?
Shri Hare-Krishna Sponge Iron's current 3-Year ROIIC % is -8.01. Based on the distribution chart, Shri Hare-Krishna Sponge Iron ranks #396 out of 606 companies in the Steel industry, which is below the industry midpoint. Overall, Shri Hare-Krishna Sponge Iron has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Shri Hare-Krishna Sponge Iron's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #396 out of 606 companies for 3-Year ROIIC %. This places Shri Hare-Krishna Sponge Iron 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 Shri Hare-Krishna Sponge Iron and its competitors. Shri Hare-Krishna Sponge Iron's current 3-Year ROIIC % is -8.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Hare-Krishna Sponge Iron stock overvalued right now?
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a current 3-Year ROIIC % of -8.01. The current 3-Year ROIIC % is -8.01. Shri Hare-Krishna Sponge Iron's overall GF Score™ is 20/100 with 7 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 Shri Hare-Krishna Sponge Iron (NSE:SHKSIL), the current 3-Year ROIIC % is -8.01 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.
Shri Hare-Krishna Sponge Iron Ltd is engaged in the business of manufacturing and selling of Sponge Iron. Sponge iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. Through its sponge iron business, it caters to the metallic requirements of steel producers in selected geographies.
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