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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.
SPR Auto Technologies's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 9.32%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for SPR Auto Technologies's 3-Year ROIIC % or its related term are showing as below:
NSE:SHRIPISTON's 3-Year ROIIC % is ranked better than 59.22% of 1253
companies
in the Vehicles & Parts industry
Industry Median: 4.24
vs NSE:SHRIPISTON: 9.32
SPR Auto Technologies (NSE:SHRIPISTON) 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.
SPR Auto Technologies 3-Year ROIIC % Related Terms
SPR Auto Technologies 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for SPR Auto Technologies'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:SHRIPISTON vs ORLY, AZO: 3-Year ROIIC % Comparison
For the Auto Parts subindustry, SPR Auto Technologies'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.
SPR Auto Technologies 3-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, SPR Auto Technologies's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where SPR Auto Technologies'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.
SPR Auto Technologies (NSE:SHRIPISTON) has a 3-Year ROIIC % of 9.32 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 SPR Auto Technologies and its competitors. This is near median its historical median of 9.32. According to the industry distribution chart, SPR Auto Technologies ranks #511 out of 1253 companies in the Vehicles & Parts industry, placing it in the top 40.8%.
Is SPR Auto Technologies' 3-Year ROIIC % too high?
SPR Auto Technologies' current 3-Year ROIIC % of 9.32 is near median its 10-year median of 9.32. The Vehicles & Parts industry median 3-Year ROIIC % is 4.24. SPR Auto Technologies' value of 9.32 is 119.8% above this industry median. Based on the distribution chart, SPR Auto Technologies ranks #511 out of 1253 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, SPR Auto Technologies has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPR Auto Technologies' 3-Year ROIIC % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, SPR Auto Technologies ranks #511 out of 1253 companies for 3-Year ROIIC %. This puts SPR Auto Technologies in the upper half of its industry. The industry median 3-Year ROIIC % is 4.24. SPR Auto Technologies' value of 9.32 is 119.8% above this benchmark. While the company's 10-year median is 9.32 vs. the industry median of 4.24, SPR Auto Technologies 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 Vehicles & Parts company?
The median 3-Year ROIIC % among Vehicles & Parts companies is 4.24, based on 1,253 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. SPR Auto Technologies's current 3-Year ROIIC % of 9.32 is 119.8% 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 SPR Auto Technologies and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPR Auto Technologies's current 3-Year ROIIC % is 9.32, which is near median its own 10-year median of 9.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPR Auto Technologies stock overvalued right now?
Based on GuruFocus' analysis, SPR Auto Technologies (NSE:SHRIPISTON) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹3,215.93, compared to a current price of ₹4,159.90 — trading 29.4% above its estimated fair value. The current 3-Year ROIIC % is 9.32, which is near median its 10-year median of 9.32 and 119.8% above the Vehicles & Parts industry median of 4.24. SPR Auto Technologies' overall GF Score™ is 83/100 with 10 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 SPR Auto Technologies (NSE:SHRIPISTON), the current 3-Year ROIIC % is 9.32 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 SPR Auto Technologies (NSE:SHRIPISTON) Overvalued in 2026?
Based on GuruFocus' analysis, SPR Auto Technologies stock appears to be overvalued.
The current stock price of ₹4,159.90 is trading 29.4% above its estimated GF Value™ of ₹3,215.93.
GuruFocus considers SPR Auto Technologies to be Modestly Overvalued.
Key valuation signals for NSE:SHRIPISTON:
3-Year ROIIC %: 9.32 (near median its 10-year median of 9.32)
GF Value™: ₹3,215.93 vs. price of ₹4,159.90 (29.4% above fair value)
Industry Position: 119.8% above the Vehicles & Parts median (#511 of 1253)
No single metric tells the full story. See the NSE:SHRIPISTON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPR Auto Technologies Ltd, formerly known as Shriram Pistons & Rings Ltd, is engaged in the business of manufacturing and marketing its automotive component. The company's product portfolio comprises Pistons, Piston Pins, Piston Rings, and Engine Valves. Its product is used by passenger commercial vehicles, cars, two-wheelers, tractors, and stationary engines. The company derives revenue mainly from sales in the domestic market.
83GF Score
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