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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.
United Spirits's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 32.88%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for United Spirits's 3-Year ROIIC % or its related term are showing as below:
NSE:UNITDSPR's 3-Year ROIIC % is ranked better than 78.89% of 199
companies
in the Beverages - Alcoholic industry
Industry Median: -0.05
vs NSE:UNITDSPR: 32.88
United Spirits (NSE:UNITDSPR) 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.
United Spirits 3-Year ROIIC % Related Terms
United Spirits 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for United Spirits'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.
For the Beverages - Wineries & Distilleries subindustry, United Spirits'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.
United Spirits 3-Year ROIIC % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, United Spirits's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where United Spirits's 3-Year ROIIC % falls into.
United Spirits'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**
=
( 15380.894 (Mar. 2026) - 9992.54 (Mar. 2023) )
/
( 72670 (Mar. 2026) - 56280 (Mar. 2023) )
=
5388.354
/
16390
=
32.88%***
* 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.
United Spirits (NSE:UNITDSPR) has a 3-Year ROIIC % of 32.88 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 United Spirits and its competitors. According to the industry distribution chart, United Spirits ranks #42 out of 199 companies in the Beverages - Alcoholic industry, placing it in the top 21.1%.
Is United Spirits' 3-Year ROIIC % too high?
United Spirits' current 3-Year ROIIC % is 32.88. Based on the distribution chart, United Spirits ranks #42 out of 199 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, United Spirits has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Spirits' 3-Year ROIIC % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, United Spirits ranks #42 out of 199 companies for 3-Year ROIIC %. This places United Spirits in the top 21% 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 Beverages - Alcoholic company?
A good 3-Year ROIIC % depends on the Beverages - Alcoholic 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 United Spirits and its competitors. United Spirits's current 3-Year ROIIC % is 32.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Spirits stock overvalued right now?
Based on GuruFocus' analysis, United Spirits (NSE:UNITDSPR) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,430.61, compared to a current price of ₹1,548.70 — trading 8.3% above its estimated fair value. The current 3-Year ROIIC % is 32.88. United Spirits' overall GF Score™ is 83/100. 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 United Spirits (NSE:UNITDSPR), the current 3-Year ROIIC % is 32.88 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 United Spirits (NSE:UNITDSPR) Overvalued in 2026?
Based on GuruFocus' analysis, United Spirits stock appears to be overvalued.
The current stock price of ₹1,548.70 is trading 8.3% above its estimated GF Value™ of ₹1,430.61.
GuruFocus considers United Spirits to be Fairly Valued.
Key valuation signals for NSE:UNITDSPR:
3-Year ROIIC %: 32.88
GF Value™: ₹1,430.61 vs. price of ₹1,548.70 (8.3% above fair value)
No single metric tells the full story. See the NSE:UNITDSPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Spirits Ltd manufactures and sells spirits, beer, wine, and other alcoholic beverages. The company is engaged in the business of manufacture, purchase, and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and strategic franchising of some of its brands. Its brand portfolio consists of McDowell's No.1, Royal Challenge, Black Dog, Signature, Antiquity, Director's Special Black, McDowell's Rum, McDowell's Brandy, Bagpiper, Old Tavern, and Haywards among others. Geographically, the firm generates a majority of its revenue from India. The company's segment includes: Beverage alcohol; and Sports. It derives maximum revenue from Beverage alcohol that manufacture, purchase, franchise and sale of beverage alcohol and other allied spirits.
83GF Score
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