How It Spends Money · Advanced · Pro filter
Incremental RoCE (3Y): what it means and how to read it
The change in operating profit ÷ the change in capital employed over 3 years.
What is Incremental RoCE (3Y)?
The change in operating profit ÷ the change in capital employed over 3 years.
A worked example
Capital employed rose from ₹4,000 Cr to ₹5,000 Cr and operating profit from ₹600 Cr to ₹700 Cr. The extra ₹1,000 Cr earns 10%, below the 15% the old capital earned.
Why does Incremental RoCE (3Y) matter?
Shows whether recent investments earn as well as the old ones.
How do you read Incremental RoCE (3Y)?
Higher is better.
Higher is usually better.
What is a typical Incremental RoCE (3Y) in India today?
The median across the 2889 listed companies that report it, as of 12 Oct 2026. Half sit above each figure and half below.
By company size
Median
Large Cap · 60 companies21.4%
Mid Cap · 107 companies15.7%
Small Cap · 2722 companies10.8%
By industry
Median, largest industries first
Pharmaceuticals · 14013.1%
Computers - Software & Consulting · 4312.4%
Refineries & Marketing · 817.6%
Power Generation · 215.7%
Auto Components & Equipments · 9016.3%
Cement & Cement Products · 2410.7%
Heavy Electrical Equipment · 3326.2%
Aerospace & Defense · 2714.3%
Civil Construction · 7914.2%
Residential Commercial Projects · 629.4%
Compare a company with its own industry before the whole market. Every industry, and each company's rank within it, is in the screener.