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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Tamil Nadu Newsprint & PapersNSE:TNPL +0.48%73 3-Year ROIIC % is 163.52 as of Mar. 2026, which is 803% above its 10-year median of 18.11. GuruFocus rates NSE:TNPL with a GF Score™ of 73/100 and a GF Value™ of ₹182.69 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 268 Forest Products companies, Tamil Nadu Newsprint & Papers ranks better than 93.66% 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.
Tamil Nadu Newsprint & Papers's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 163.52%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
NSE:TNPL's 3-Year ROIIC % is ranked better than 93.66% of 268
companies
in the Forest Products industry
Industry Median: -0.74
vs NSE:TNPL: 163.52
Tamil Nadu Newsprint & Papers (NSE:TNPL) 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.
Tamil Nadu Newsprint & Papers 3-Year ROIIC % Related Terms
Tamil Nadu Newsprint & Papers 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.
Tamil Nadu Newsprint & Papers 3-Year ROIIC % Chart
Tamil Nadu Newsprint & Papers 3-Year ROIIC % Competitor Comparison
For the Paper & Paper Products subindustry, Tamil Nadu Newsprint & Papers'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.
Tamil Nadu Newsprint & Papers 3-Year ROIIC % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Tamil Nadu Newsprint & Papers's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Tamil Nadu Newsprint & Papers's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 1678.8 (Mar. 2026) - 5083.768404 (Mar. 2023) )
/
( 55322.3 (Mar. 2026) - 57404.6 (Mar. 2023) )
=
-3404.968404
/
-2082.3
=
163.52%***
* 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.
Tamil Nadu Newsprint & Papers (NSE:TNPL) has a 3-Year ROIIC % of 163.52 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 Tamil Nadu Newsprint & Papers and its competitors. This is 803% above median its historical median of 18.11. According to the industry distribution chart, Tamil Nadu Newsprint & Papers ranks #17 out of 268 companies in the Forest Products industry, placing it in the top 6.3%.
Is Tamil Nadu Newsprint & Papers' 3-Year ROIIC % too high?
Tamil Nadu Newsprint & Papers' current 3-Year ROIIC % of 163.52 is 803% above median its 10-year median of 18.11. Based on the distribution chart, Tamil Nadu Newsprint & Papers ranks #17 out of 268 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Tamil Nadu Newsprint & Papers has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tamil Nadu Newsprint & Papers' 3-Year ROIIC % compare to competitors?
According to the Forest Products industry distribution chart, Tamil Nadu Newsprint & Papers ranks #17 out of 268 companies for 3-Year ROIIC %. This places Tamil Nadu Newsprint & Papers in the top 6% of its industry — outperforming the majority of peers. 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 Forest Products company?
A good 3-Year ROIIC % depends on the Forest Products 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 Tamil Nadu Newsprint & Papers and its competitors. Tamil Nadu Newsprint & Papers's current 3-Year ROIIC % is 163.52, which is 803% above median its own 10-year median of 18.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tamil Nadu Newsprint & Papers stock overvalued right now?
Based on GuruFocus' analysis, Tamil Nadu Newsprint & Papers (NSE:TNPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹182.69, compared to a current price of ₹145.94 — trading 20.1% below its estimated fair value. The current 3-Year ROIIC % is 163.52, which is 803% above median its 10-year median of 18.11. Tamil Nadu Newsprint & Papers' overall GF Score™ is 73/100 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 Tamil Nadu Newsprint & Papers (NSE:TNPL), the current 3-Year ROIIC % is 163.52 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 Tamil Nadu Newsprint & Papers (NSE:TNPL) Overvalued in 2026?
Based on GuruFocus' analysis, Tamil Nadu Newsprint & Papers stock appears to be undervalued.
The current stock price of ₹145.94 is trading 20.1% below its estimated GF Value™ of ₹182.69.
GuruFocus considers Tamil Nadu Newsprint & Papers to be Modestly Undervalued.
Key valuation signals for NSE:TNPL:
3-Year ROIIC %: 163.52 (803% above median its 10-year median of 18.11)
GF Value™: ₹182.69 vs. price of ₹145.94 (20.1% below fair value)
No single metric tells the full story. See the NSE:TNPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tamil Nadu Newsprint & Papers Business Description
Tamil Nadu Newsprint & Papers Ltd is engaged in the business of printing and writing paper. It operates in two segments Paper & Paper Board and Energy. Paper & Paper Board is involved in the Manufacturing and selling of Paper and Paper boards, and the Energy involved in the Generation of Power through TGs and Windmills for captive consumption and for export of power. Its products include Paper, Packaging Board, Cement, and Marketing Network.
73GF Score
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