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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.
Wheels IndiaNSE:WHEELS -1.59%69 3-Year ROIIC % is 29.81 as of Mar. 2026, which is 177% above its 10-year median of 10.78. GuruFocus rates NSE:WHEELS with a GF Score™ of 69/100 and a GF Value™ of ₹959.60 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,252 Vehicles & Parts companies, Wheels India ranks better than 80.19% 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.
Wheels India's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 29.81%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Wheels India's 3-Year ROIIC % or its related term are showing as below:
NSE:WHEELS's 3-Year ROIIC % is ranked better than 80.19% of 1252
companies
in the Vehicles & Parts industry
Industry Median: 4.235
vs NSE:WHEELS: 29.81
Wheels India (NSE:WHEELS) 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.
Wheels India 3-Year ROIIC % Related Terms
Wheels India 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Wheels India'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:WHEELS vs ORLY, AZO: 3-Year ROIIC % Comparison
For the Auto Parts subindustry, Wheels India'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.
Wheels India 3-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Wheels India's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Wheels India'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.
Wheels India (NSE:WHEELS) has a 3-Year ROIIC % of 29.81 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 Wheels India and its competitors. This is 177% above median its historical median of 10.78. According to the industry distribution chart, Wheels India ranks #248 out of 1252 companies in the Vehicles & Parts industry, placing it in the top 19.8%.
Is Wheels India's 3-Year ROIIC % too high?
Wheels India's current 3-Year ROIIC % of 29.81 is 177% above median its 10-year median of 10.78. The Vehicles & Parts industry median 3-Year ROIIC % is 4.24. Wheels India's value of 29.81 is 603.9% above this industry median. Based on the distribution chart, Wheels India ranks #248 out of 1252 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Wheels India has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wheels India's 3-Year ROIIC % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Wheels India ranks #248 out of 1252 companies for 3-Year ROIIC %. This places Wheels India in the top 20% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.24. Wheels India's value of 29.81 is 603.9% above this benchmark. While the company's 10-year median is 10.78 vs. the industry median of 4.24, Wheels India 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. Wheels India's current 3-Year ROIIC % of 29.81 is 603.9% 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 Wheels India 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. Wheels India's current 3-Year ROIIC % is 29.81, which is 177% above median its own 10-year median of 10.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wheels India stock overvalued right now?
Based on GuruFocus' analysis, Wheels India (NSE:WHEELS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹959.60, compared to a current price of ₹1,411.70 — trading 47.1% above its estimated fair value. The current 3-Year ROIIC % is 29.81, which is 177% above median its 10-year median of 10.78 and 603.9% above the Vehicles & Parts industry median of 4.24. Wheels India's overall GF Score™ is 69/100 with 2 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 Wheels India (NSE:WHEELS), the current 3-Year ROIIC % is 29.81 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 Wheels India (NSE:WHEELS) Overvalued in 2026?
Based on GuruFocus' analysis, Wheels India stock appears to be overvalued.
The current stock price of ₹1,411.70 is trading 47.1% above its estimated GF Value™ of ₹959.60.
GuruFocus considers Wheels India to be Significantly Overvalued.
Key valuation signals for NSE:WHEELS:
3-Year ROIIC %: 29.81 (177% above median its 10-year median of 10.78)
GF Value™: ₹959.60 vs. price of ₹1,411.70 (47.1% above fair value)
Industry Position: 603.9% above the Vehicles & Parts median (#248 of 1252)
No single metric tells the full story. See the NSE:WHEELS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wheels India Ltd is a manufacturer of automobile wheels. The firm is organized into the Automotive Components and Industrial Components segments. The automotive components segment is engaged in the manufacture of road wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors, and construction equipment; however, the group is also engaged in the manufacturing of suspension products for the vehicles. The industrial components segment includes components and structures for windmills, railways, and thermal power plants. It operates in the Indian and international markets, of which key revenue is derived from India. The majority of the company's revenue is generated from Automotive components.
69GF Score
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