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SwiggyNSE:SWIGGY -2.99%9 3-Year ROIIC % is 1.10 as of Mar. 2026, which is 81% below its 10-year median of 5.91. GuruFocus rates NSE:SWIGGY with a GF Score™ of 9/100. Among 1,057 Retail - Cyclical companies, Swiggy ranks worse than 56.76% 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.
Swiggy's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 1.10%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Swiggy's 3-Year ROIIC % or its related term are showing as below:
NSE:SWIGGY's 3-Year ROIIC % is ranked worse than 56.76% of 1057
companies
in the Retail - Cyclical industry
Industry Median: 4.82
vs NSE:SWIGGY: 1.10
Swiggy (NSE:SWIGGY) 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.
Swiggy 3-Year ROIIC % Related Terms
Swiggy 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Swiggy'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:SWIGGY vs AMZN, BABA, PDD: 3-Year ROIIC % Comparison
For the Internet Retail subindustry, Swiggy'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.
Swiggy 3-Year ROIIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Swiggy's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Swiggy's 3-Year ROIIC % falls into.
Swiggy'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**
=
( -44480 (Mar. 2026) - -45268.91 (Mar. 2023) )
/
( 115090 (Mar. 2026) - 43139.01 (Mar. 2023) )
=
788.91
/
71950.99
=
1.10%***
* 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.
Swiggy (NSE:SWIGGY) has a 3-Year ROIIC % of 1.10 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 Swiggy and its competitors. This is 81% below median its historical median of 5.91. Over the past decade, Swiggy's 3-Year ROIIC % has ranged from 1.10 to 10.71. According to the industry distribution chart, Swiggy ranks #600 out of 1057 companies in the Retail - Cyclical industry, placing it in the top 56.8%.
Is Swiggy's 3-Year ROIIC % too high?
Swiggy's current 3-Year ROIIC % of 1.10 is 81% below median its 10-year median of 5.91. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 10.71. The Retail - Cyclical industry median 3-Year ROIIC % is 4.82. Swiggy's value of 1.10 is 77.2% below this industry median. Based on the distribution chart, Swiggy ranks #600 out of 1057 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Swiggy has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Swiggy's 3-Year ROIIC % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Swiggy ranks #600 out of 1057 companies for 3-Year ROIIC %. This places Swiggy in the lower half of its industry. The industry median 3-Year ROIIC % is 4.82. Swiggy's value of 1.10 is 77.2% below this benchmark. Historically, Swiggy's own 3-Year ROIIC % has ranged from 1.10 to 10.71 over the past decade. While the company's 10-year median is 5.91 vs. the industry median of 4.82, Swiggy has consistently been below 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 Retail - Cyclical company?
The median 3-Year ROIIC % among Retail - Cyclical companies is 4.82, based on 1,057 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. Swiggy's current 3-Year ROIIC % of 1.10 is 77.2% below 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 Swiggy and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 4.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swiggy's current 3-Year ROIIC % is 1.10, which is 81% below median its own 10-year median of 5.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swiggy stock overvalued right now?
Swiggy (NSE:SWIGGY) has a current 3-Year ROIIC % of 1.10. The current 3-Year ROIIC % is 1.10, which is 81% below median its 10-year median of 5.91 and 77.2% below the Retail - Cyclical industry median of 4.82. Swiggy's overall GF Score™ is 9/100. 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 Swiggy (NSE:SWIGGY), the current 3-Year ROIIC % is 1.10 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.
Swiggy Ltd is a consumer-first technology company offering users an easy to use convenience platform, accessible through a unified app to browse, select, order and pay for food (Food Delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep through on-demand delivery partner network. Its platform can be used to make restaurant reservations (Dineout) and for events bookings (SteppinOut). It has five business segments: Food Delivery, Out of home consumption, Quick commerce. Supply chain and distribution and Platform Innovations. Key revenue is generated from Food delivery business that offer on demand Food Delivery services through a network of restaurant partners and delivery partners, which is available through mobile application and or website.
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