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Solex EnergyNSE:SOLEX -1.12%81 3-Year ROIIC % is 24.33 as of Mar. 2026, which is 58% above its 10-year median of 15.44. GuruFocus rates NSE:SOLEX with a GF Score™ of 81/100 and a GF Value™ of ₹4,006.74 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 996 Semiconductors companies, Solex Energy ranks better than 73.19% 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.
Solex Energy's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 24.33%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Solex Energy's 3-Year ROIIC % or its related term are showing as below:
NSE:SOLEX's 3-Year ROIIC % is ranked better than 73.19% of 996
companies
in the Semiconductors industry
Industry Median: -0.145
vs NSE:SOLEX: 24.33
Solex Energy (NSE:SOLEX) 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.
Solex Energy 3-Year ROIIC % Related Terms
Solex Energy 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Solex Energy'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:SOLEX vs FSLR, NXT, ENPH: 3-Year ROIIC % Comparison
For the Solar subindustry, Solex Energy'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.
Solex Energy 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Solex Energy's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Solex Energy'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.
Solex Energy (NSE:SOLEX) has a 3-Year ROIIC % of 24.33 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 Solex Energy and its competitors. This is 58% above median its historical median of 15.44. According to the industry distribution chart, Solex Energy ranks #267 out of 996 companies in the Semiconductors industry, placing it in the top 26.8%.
Is Solex Energy's 3-Year ROIIC % too high?
Solex Energy's current 3-Year ROIIC % of 24.33 is 58% above median its 10-year median of 15.44. Based on the distribution chart, Solex Energy ranks #267 out of 996 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Solex Energy has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solex Energy's 3-Year ROIIC % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Solex Energy ranks #267 out of 996 companies for 3-Year ROIIC %. This puts Solex Energy in the upper 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 Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors 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 Solex Energy and its competitors. Solex Energy's current 3-Year ROIIC % is 24.33, which is 58% above median its own 10-year median of 15.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solex Energy stock overvalued right now?
Based on GuruFocus' analysis, Solex Energy (NSE:SOLEX) is currently considered Possible Value Trap. The stock's GF Value™ is ₹4,006.74, compared to a current price of ₹983.90 — trading 75.4% below its estimated fair value. The current 3-Year ROIIC % is 24.33, which is 58% above median its 10-year median of 15.44. Solex Energy's overall GF Score™ is 81/100 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 Solex Energy (NSE:SOLEX), the current 3-Year ROIIC % is 24.33 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 Solex Energy (NSE:SOLEX) Overvalued in 2026?
Based on GuruFocus' analysis, Solex Energy stock appears to be undervalued.
The current stock price of ₹983.90 is trading 75.4% below its estimated GF Value™ of ₹4,006.74.
GuruFocus considers Solex Energy to be Possible Value Trap.
Key valuation signals for NSE:SOLEX:
3-Year ROIIC %: 24.33 (58% above median its 10-year median of 15.44)
GF Value™: ₹4,006.74 vs. price of ₹983.90 (75.4% below fair value)
No single metric tells the full story. See the NSE:SOLEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solex Energy Ltd is a manufacturer of solar photovoltaic modules and is also engaged in the business of Engineering, Procurement, and Construction (EPC) in the solar energy market, where the manufactured modules are utilized. Its products are Tapi R, Tapi Trans, Tapi Series, Tapi Black, and Ganga.
81GF Score
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