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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.
Vardhman Holdings's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 0.86%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Vardhman Holdings's 3-Year ROIIC % or its related term are showing as below:
NSE:VHL's 3-Year ROIIC % is ranked worse than 53.27% of 657
companies
in the Asset Management industry
Industry Median: 1.94
vs NSE:VHL: 0.86
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.
Vardhman Holdings 3-Year ROIIC % Related Terms
Vardhman Holdings 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Vardhman Holdings'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:VHL vs BLK, BX, KKR: 3-Year ROIIC % Comparison
For the Asset Management subindustry, Vardhman Holdings'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.
Vardhman Holdings 3-Year ROIIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Vardhman Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Vardhman Holdings's 3-Year ROIIC % falls into.
Vardhman Holdings'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**
=
( 96.1044 (Mar. 2026) - 33.336 (Mar. 2023) )
/
( 37677.3 (Mar. 2026) - 30376.77 (Mar. 2023) )
=
62.7684
/
7300.53
=
0.86%***
* 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.
Vardhman Holdings (NSE:VHL) has a 3-Year ROIIC % of 0.86 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 Vardhman Holdings and its competitors. According to the industry distribution chart, Vardhman Holdings ranks #350 out of 657 companies in the Asset Management industry, placing it in the top 53.3%.
Is Vardhman Holdings' 3-Year ROIIC % too high?
Vardhman Holdings' current 3-Year ROIIC % is 0.86. The Asset Management industry median 3-Year ROIIC % is 1.94. Vardhman Holdings' value of 0.86 is 55.7% below this industry median. Based on the distribution chart, Vardhman Holdings ranks #350 out of 657 companies in the Asset Management industry, which is below the industry midpoint. Overall, Vardhman Holdings has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vardhman Holdings' 3-Year ROIIC % compare to BLK and BX?
According to the Asset Management industry distribution chart, Vardhman Holdings ranks #350 out of 657 companies for 3-Year ROIIC %. This places Vardhman Holdings in the lower half of its industry. The industry median 3-Year ROIIC % is 1.94. Vardhman Holdings' value of 0.86 is 55.7% below this benchmark. 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 Asset Management company?
The median 3-Year ROIIC % among Asset Management companies is 1.94, based on 657 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. Vardhman Holdings's current 3-Year ROIIC % of 0.86 is 55.7% 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 Vardhman Holdings and its competitors. For the Asset Management industry, the median 3-Year ROIIC % is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Holdings's current 3-Year ROIIC % is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vardhman Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vardhman Holdings (NSE:VHL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,800.77, compared to a current price of ₹3,568.70 — trading 98.2% above its estimated fair value. The current 3-Year ROIIC % is 0.86 and 55.7% below the Asset Management industry median of 1.94. Vardhman Holdings' overall GF Score™ is 66/100 with 5 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 Vardhman Holdings (NSE:VHL), the current 3-Year ROIIC % is 0.86 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 Vardhman Holdings (NSE:VHL) Overvalued in 2026?
Based on GuruFocus' analysis, Vardhman Holdings stock appears to be overvalued.
The current stock price of ₹3,568.70 is trading 98.2% above its estimated GF Value™ of ₹1,800.77.
GuruFocus considers Vardhman Holdings to be Significantly Overvalued.
Key valuation signals for NSE:VHL:
3-Year ROIIC %: 0.86
GF Value™: ₹1,800.77 vs. price of ₹3,568.70 (98.2% above fair value)
Industry Position: 55.7% below the Asset Management median (#350 of 657)
No single metric tells the full story. See the NSE:VHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vardhman Holdings Ltd operates as a non-banking financial company. It is engaged in the Investment business, the company's sole segment. The company's portfolio consists of investments in debt, equity, and real estate. The group earns its income from investments.
66GF 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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