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Zenith ExportsNSE:ZENITHEXPO +2.22%71 3-Year ROIIC % is 2.21 as of Mar. 2026, which is 51% above its 10-year median of 1.46. GuruFocus rates NSE:ZENITHEXPO with a GF Score™ of 71/100 and a GF Value™ of ₹191.87 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,014 Manufacturing - Apparel & Accessories companies, Zenith Exports ranks better than 51.48% 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.
Zenith Exports's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 2.21%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Zenith Exports's 3-Year ROIIC % or its related term are showing as below:
NSE:ZENITHEXPO's 3-Year ROIIC % is ranked better than 51.48% of 1014
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.525
vs NSE:ZENITHEXPO: 2.21
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.
Zenith Exports 3-Year ROIIC % Related Terms
Zenith Exports 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Zenith Exports'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 Textile Manufacturing subindustry, Zenith Exports'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.
Zenith Exports 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zenith Exports's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Zenith Exports's 3-Year ROIIC % falls into.
Zenith Exports'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**
=
( -4.08668 (Mar. 2026) - -6.4973456 (Mar. 2023) )
/
( 758.6 (Mar. 2026) - 649.719 (Mar. 2023) )
=
2.4106656
/
108.881
=
2.21%***
* 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.
Zenith Exports (NSE:ZENITHEXPO) has a 3-Year ROIIC % of 2.21 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 Zenith Exports and its competitors. This is 51% above median its historical median of 1.46. According to the industry distribution chart, Zenith Exports ranks #492 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 48.5%.
Is Zenith Exports' 3-Year ROIIC % too high?
Zenith Exports' current 3-Year ROIIC % of 2.21 is 51% above median its 10-year median of 1.46. The Manufacturing - Apparel & Accessories industry median 3-Year ROIIC % is 1.53. Zenith Exports' value of 2.21 is 44.9% above this industry median. Based on the distribution chart, Zenith Exports ranks #492 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Zenith Exports has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zenith Exports' 3-Year ROIIC % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Zenith Exports ranks #492 out of 1014 companies for 3-Year ROIIC %. This puts Zenith Exports in the upper half of its industry. The industry median 3-Year ROIIC % is 1.53. Zenith Exports' value of 2.21 is 44.9% above this benchmark. While the company's 10-year median is 1.46 vs. the industry median of 1.53, Zenith Exports 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 Manufacturing - Apparel & Accessories company?
The median 3-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 1.53, based on 1,014 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. Zenith Exports's current 3-Year ROIIC % of 2.21 is 44.9% 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 Zenith Exports and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zenith Exports's current 3-Year ROIIC % is 2.21, which is 51% above median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenith Exports stock overvalued right now?
Based on GuruFocus' analysis, Zenith Exports (NSE:ZENITHEXPO) is currently considered Fairly Valued. The stock's GF Value™ is ₹191.87, compared to a current price of ₹200.90 — trading 4.7% above its estimated fair value. The current 3-Year ROIIC % is 2.21, which is 51% above median its 10-year median of 1.46 and 44.9% above the Manufacturing - Apparel & Accessories industry median of 1.53. Zenith Exports' overall GF Score™ is 71/100 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 Zenith Exports (NSE:ZENITHEXPO), the current 3-Year ROIIC % is 2.21 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 Zenith Exports (NSE:ZENITHEXPO) Overvalued in 2026?
Based on GuruFocus' analysis, Zenith Exports stock appears to be overvalued.
The current stock price of ₹200.90 is trading 4.7% above its estimated GF Value™ of ₹191.87.
GuruFocus considers Zenith Exports to be Fairly Valued.
Key valuation signals for NSE:ZENITHEXPO:
3-Year ROIIC %: 2.21 (51% above median its 10-year median of 1.46)
GF Value™: ₹191.87 vs. price of ₹200.90 (4.7% above fair value)
Industry Position: 44.9% above the Manufacturing - Apparel & Accessories median (#492 of 1014)
No single metric tells the full story. See the NSE:ZENITHEXPO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zenith Exports Ltd is an India-based company engaged in the business of Leather Goods & Textile Fabrics. Its segment includes Silk Fabrics & Made-ups, Silk Fabrics & Made-ups, Yarns, and Weavings Silk Fabrics. It generates the majority of its revenue from the Industrial Leather H/Gloves & Made-ups. Geographically, it derives the majority of its revenue from Outside India.
71GF Score
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