Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Viaz TyresNSE:VIAZ 83 3-Year ROIIC % is 8.85 as of Mar. 2026, which is 15% above its 10-year median of 7.69. GuruFocus rates NSE:VIAZ with a GF Score™ of 83/100 and a GF Value™ of ₹121.55 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,252 Vehicles & Parts companies, Viaz Tyres ranks better than 58.31% 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.
Viaz Tyres's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 8.85%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Viaz Tyres's 3-Year ROIIC % or its related term are showing as below:
NSE:VIAZ's 3-Year ROIIC % is ranked better than 58.31% of 1252
companies
in the Vehicles & Parts industry
Industry Median: 4.235
vs NSE:VIAZ: 8.85
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.
Viaz Tyres 3-Year ROIIC % Related Terms
Viaz Tyres 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Viaz Tyres'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 Auto Parts subindustry, Viaz Tyres'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.
Viaz Tyres 3-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Viaz Tyres's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Viaz Tyres's 3-Year ROIIC % falls into.
Viaz Tyres'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**
=
( 66.2830464 (Mar. 2026) - 29.00881 (Mar. 2023) )
/
( 852.446 (Mar. 2026) - 431.127 (Mar. 2023) )
=
37.2742364
/
421.319
=
8.85%***
* 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.
Viaz Tyres (NSE:VIAZ) has a 3-Year ROIIC % of 8.85 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 Viaz Tyres and its competitors. This is 15% above median its historical median of 7.69. Over the past decade, Viaz Tyres' 3-Year ROIIC % has ranged from 5.50 to 9.81. According to the industry distribution chart, Viaz Tyres ranks #522 out of 1252 companies in the Vehicles & Parts industry, placing it in the top 41.7%.
Is Viaz Tyres' 3-Year ROIIC % too high?
Viaz Tyres' current 3-Year ROIIC % of 8.85 is 15% above median its 10-year median of 7.69. Over the past 10 years, this metric has ranged from a low of 5.50 to a high of 9.81. The Vehicles & Parts industry median 3-Year ROIIC % is 4.24. Viaz Tyres' value of 8.85 is 109% above this industry median. Based on the distribution chart, Viaz Tyres ranks #522 out of 1252 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Viaz Tyres has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Viaz Tyres' 3-Year ROIIC % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Viaz Tyres ranks #522 out of 1252 companies for 3-Year ROIIC %. This puts Viaz Tyres in the upper half of its industry. The industry median 3-Year ROIIC % is 4.24. Viaz Tyres' value of 8.85 is 109% above this benchmark. Historically, Viaz Tyres' own 3-Year ROIIC % has ranged from 5.50 to 9.81 over the past decade. While the company's 10-year median is 7.69 vs. the industry median of 4.24, Viaz Tyres has consistently been above 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 Vehicles & Parts company?
The median 3-Year ROIIC % among Vehicles & Parts companies is 4.24, based on 1,252 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. Viaz Tyres's current 3-Year ROIIC % of 8.85 is 109% above 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 Viaz Tyres and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viaz Tyres's current 3-Year ROIIC % is 8.85, which is 15% above median its own 10-year median of 7.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viaz Tyres stock overvalued right now?
Based on GuruFocus' analysis, Viaz Tyres (NSE:VIAZ) is currently considered Possible Value Trap. The stock's GF Value™ is ₹121.55, compared to a current price of ₹64.00 — trading 47.3% below its estimated fair value. The current 3-Year ROIIC % is 8.85, which is 15% above median its 10-year median of 7.69 and 109% above the Vehicles & Parts industry median of 4.24. Viaz Tyres' overall GF Score™ is 83/100 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 Viaz Tyres (NSE:VIAZ), the current 3-Year ROIIC % is 8.85 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 Viaz Tyres (NSE:VIAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Viaz Tyres stock appears to be undervalued.
The current stock price of ₹64.00 is trading 47.3% below its estimated GF Value™ of ₹121.55.
GuruFocus considers Viaz Tyres to be Possible Value Trap.
Key valuation signals for NSE:VIAZ:
3-Year ROIIC %: 8.85 (15% above median its 10-year median of 7.69)
GF Value™: ₹121.55 vs. price of ₹64.00 (47.3% below fair value)
Industry Position: 109% above the Vehicles & Parts median (#522 of 1252)
No single metric tells the full story. See the NSE:VIAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Viaz Tyres Ltd is engaged in the manufacturing of rubber tubes for bicycles, two and three-wheelers, passenger vehicles, and heavy-load industrial vehicles. Its product portfolio comprises bicycle tyres, bicycle butyl moulded tubes, scooter and moped tubes, passenger car tubes, farm vehicle tubes, lubricants, grease, tubless tyre kits, and multipurpose air pumps, among others. The company operates in a single business segment, which comprises the manufacturing and selling of Tubes and Tyres. Its geographical segment is considered based on sales within India and outside India.
83GF Score
Get the complete analysis for NSE:VIAZ
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:VIAZ has been successfully added to your 
