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Surani Steel TubesNSE:SURANI +3.52%55 3-Year ROIIC % is 1.99 as of Mar. 2026, which is 65% below its 10-year median of 5.63. GuruFocus rates NSE:SURANI with a GF Score™ of 55/100 and a GF Value™ of ₹68.98 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 601 Steel companies, Surani Steel Tubes ranks better than 54.24% 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.
Surani Steel Tubes's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 1.99%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Surani Steel Tubes's 3-Year ROIIC % or its related term are showing as below:
NSE:SURANI's 3-Year ROIIC % is ranked better than 54.24% of 601
companies
in the Steel industry
Industry Median: -0.21
vs NSE:SURANI: 1.99
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.
Surani Steel Tubes 3-Year ROIIC % Related Terms
Surani Steel Tubes 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Surani Steel Tubes'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:SURANI vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Surani Steel 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.
Surani Steel Tubes 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Surani Steel Tubes's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Surani Steel Tubes's 3-Year ROIIC % falls into.
Surani Steel Tubes's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -16.8062562 (Mar. 2026) - -31.381 (Mar. 2023) )
/
( 1079.364 (Mar. 2026) - 348.68 (Mar. 2023) )
=
14.5747438
/
730.684
=
1.99%***
* 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.
Surani Steel Tubes (NSE:SURANI) has a 3-Year ROIIC % of 1.99 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 Surani Steel Tubes and its competitors. This is 65% below median its historical median of 5.63. According to the industry distribution chart, Surani Steel Tubes ranks #275 out of 601 companies in the Steel industry, placing it in the top 45.8%.
Is Surani Steel Tubes' 3-Year ROIIC % too high?
Surani Steel Tubes' current 3-Year ROIIC % of 1.99 is 65% below median its 10-year median of 5.63. Based on the distribution chart, Surani Steel Tubes ranks #275 out of 601 companies in the Steel industry, which is above the industry midpoint. Overall, Surani Steel Tubes has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Surani Steel Tubes' 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Surani Steel Tubes ranks #275 out of 601 companies for 3-Year ROIIC %. This puts Surani Steel Tubes 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 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 Surani Steel Tubes and its competitors. Surani Steel Tubes's current 3-Year ROIIC % is 1.99, which is 65% below median its own 10-year median of 5.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surani Steel Tubes stock overvalued right now?
Based on GuruFocus' analysis, Surani Steel Tubes (NSE:SURANI) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹68.98, compared to a current price of ₹100.00 — trading 45% above its estimated fair value. The current 3-Year ROIIC % is 1.99, which is 65% below median its 10-year median of 5.63. Surani Steel Tubes' overall GF Score™ is 55/100 with 4 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 Surani Steel Tubes (NSE:SURANI), the current 3-Year ROIIC % is 1.99 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 Surani Steel Tubes (NSE:SURANI) Overvalued in 2026?
Based on GuruFocus' analysis, Surani Steel Tubes stock appears to be overvalued.
The current stock price of ₹100.00 is trading 45% above its estimated GF Value™ of ₹68.98.
GuruFocus considers Surani Steel Tubes to be Significantly Overvalued.
Key valuation signals for NSE:SURANI:
3-Year ROIIC %: 1.99 (65% below median its 10-year median of 5.63)
GF Value™: ₹68.98 vs. price of ₹100.00 (45% above fair value)
No single metric tells the full story. See the NSE:SURANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and others. Geographically, it operates only in India.
55GF Score
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