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.
Swan Defence and Heavy Industries's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -179.65%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
NSE:SWANDEF's 3-Year ROIIC % is ranked worse than 97.19% of 320
companies
in the Aerospace & Defense industry
Industry Median: 3.79
vs NSE:SWANDEF: -179.65
Swan Defence and Heavy Industries (NSE:SWANDEF) 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.
Swan Defence and Heavy Industries 3-Year ROIIC % Related Terms
Swan Defence and Heavy Industries 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.
Swan Defence and Heavy Industries 3-Year ROIIC % Chart
NSE:SWANDEF vs SPCX, GE, RTX: 3-Year ROIIC % Comparison
For the Aerospace & Defense subindustry, Swan Defence and Heavy Industries'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.
Swan Defence and Heavy Industries 3-Year ROIIC % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Swan Defence and Heavy Industries's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Swan Defence and Heavy Industries's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -3730.324 (Mar. 2026) - -1011.156 (Mar. 2023) )
/
( 28392.033 (Mar. 2026) - 26878.452 (Mar. 2023) )
=
-2719.168
/
1513.581
=
-179.65%***
* 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.
Swan Defence and Heavy Industries (NSE:SWANDEF) has a 3-Year ROIIC % of -179.65 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 Swan Defence and Heavy Industries and its competitors. According to the industry distribution chart, Swan Defence and Heavy Industries ranks #311 out of 320 companies in the Aerospace & Defense industry, placing it in the top 97.2%.
Is Swan Defence and Heavy Industries' 3-Year ROIIC % too high?
Swan Defence and Heavy Industries' current 3-Year ROIIC % is -179.65. Based on the distribution chart, Swan Defence and Heavy Industries ranks #311 out of 320 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Swan Defence and Heavy Industries has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Swan Defence and Heavy Industries' 3-Year ROIIC % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Swan Defence and Heavy Industries ranks #311 out of 320 companies for 3-Year ROIIC %. This places Swan Defence and Heavy Industries in the lower half of its industry. The industry median 3-Year ROIIC % is 3.79. 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 an Aerospace & Defense company?
The median 3-Year ROIIC % among Aerospace & Defense companies is 3.79, based on 320 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. 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 Swan Defence and Heavy Industries and its competitors. For the Aerospace & Defense industry, the median 3-Year ROIIC % is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swan Defence and Heavy Industries's current 3-Year ROIIC % is -179.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swan Defence and Heavy Industries stock overvalued right now?
Based on GuruFocus' analysis, Swan Defence and Heavy Industries (NSE:SWANDEF) is currently considered Possible Value Trap. The stock's GF Value™ is ₹11,995.75, compared to a current price of ₹2,339.80 — trading 80.5% below its estimated fair value. The current 3-Year ROIIC % is -179.65. Swan Defence and Heavy Industries' overall GF Score™ is 43/100 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 Swan Defence and Heavy Industries (NSE:SWANDEF), the current 3-Year ROIIC % is -179.65 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 Swan Defence and Heavy Industries (NSE:SWANDEF) Overvalued in 2026?
Based on GuruFocus' analysis, Swan Defence and Heavy Industries stock appears to be undervalued.
The current stock price of ₹2,339.80 is trading 80.5% below its estimated GF Value™ of ₹11,995.75.
GuruFocus considers Swan Defence and Heavy Industries to be Possible Value Trap.
Key valuation signals for NSE:SWANDEF:
3-Year ROIIC %: -179.65
GF Value™: ₹11,995.75 vs. price of ₹2,339.80 (80.5% below fair value)
No single metric tells the full story. See the NSE:SWANDEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swan Defence and Heavy Industries Business Description
Swan Defence and Heavy Industries Ltd is mainly engaged in the construction of vessels, repairs, and refits of ships and rigs, and heavy engineering. The company has developed an integrated shipbuilding, ship and rig repair and conversion, ship production, offshore construction, and heavy engineering facility in Gujarat. The company has a large shipbuilding/repair infrastructure in India including the Dry Dock.
43GF Score
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3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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