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.
VMS TMTNSE:VMSTMT -0.24%12 3-Year ROIIC % is 8.96 as of Mar. 2026, which is 3% above its 10-year median of 8.74. GuruFocus rates NSE:VMSTMT with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 605 Steel companies, VMS TMT ranks better than 68.26% 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.
VMS TMT's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 8.96%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for VMS TMT's 3-Year ROIIC % or its related term are showing as below:
NSE:VMSTMT's 3-Year ROIIC % is ranked better than 68.26% of 605
companies
in the Steel industry
Industry Median: -0.23
vs NSE:VMSTMT: 8.96
VMS TMT (NSE:VMSTMT) 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.
VMS TMT 3-Year ROIIC % Related Terms
VMS TMT 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for VMS TMT'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:VMSTMT vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, VMS TMT'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.
VMS TMT 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, VMS TMT's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where VMS TMT's 3-Year ROIIC % falls into.
* 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.
VMS TMT (NSE:VMSTMT) has a 3-Year ROIIC % of 8.96 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 VMS TMT and its competitors. This is near median its historical median of 8.74. Over the past decade, VMS TMT's 3-Year ROIIC % has ranged from 8.51 to 8.96. According to the industry distribution chart, VMS TMT ranks #192 out of 605 companies in the Steel industry, placing it in the top 31.7%.
Is VMS TMT's 3-Year ROIIC % too high?
VMS TMT's current 3-Year ROIIC % of 8.96 is near median its 10-year median of 8.74. Over the past 10 years, this metric has ranged from a low of 8.51 to a high of 8.96. Based on the distribution chart, VMS TMT ranks #192 out of 605 companies in the Steel industry, which is above the industry midpoint. Overall, VMS TMT has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does VMS TMT's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, VMS TMT ranks #192 out of 605 companies for 3-Year ROIIC %. This puts VMS TMT in the upper half of its industry. Historically, VMS TMT's own 3-Year ROIIC % has ranged from 8.51 to 8.96 over the past decade. 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 Steel company?
A good 3-Year ROIIC % depends on the Steel 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 VMS TMT and its competitors. VMS TMT's current 3-Year ROIIC % is 8.96, which is near median its own 10-year median of 8.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VMS TMT stock overvalued right now?
VMS TMT (NSE:VMSTMT) has a current 3-Year ROIIC % of 8.96. The current 3-Year ROIIC % is 8.96, which is near median its 10-year median of 8.74. VMS TMT's overall GF Score™ is 12/100 with 3 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 VMS TMT (NSE:VMSTMT), the current 3-Year ROIIC % is 8.96 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.
VMS TMT Ltd is engaged in manufacturing of Thermo Mechanically Treated Bars (TMT Bars) at its manufacturing facility situated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel used widely in construction industry due to their exceptional strength, ductility, and corrosion resistance. Its revenue from operations also includes sale of scrap, binding wires and billets.
12GF Score
Get the complete analysis for NSE:VMSTMT
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:VMSTMT has been successfully added to your 
