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Incremental RoIC (3Y): what it means and how to read it

Extra operating profit earned ÷ extra capital invested over 3 years: the return on the new money put in.

What is Incremental RoIC (3Y)?

Extra operating profit earned ÷ extra capital invested over 3 years: the return on the new money put in.

A worked example

Over three years the company invested another ₹1,000 Cr and operating profit rose by ₹250 Cr. The new money is earning 25%.

Why does Incremental RoIC (3Y) matter?

Tells you whether growth is creating value or just getting bigger.

How do you read Incremental RoIC (3Y)?

Higher is better. It should beat the cost of borrowing.

Higher is usually better.

What is a typical Incremental RoIC (3Y) in India today?

The median across the 2735 listed companies that report it, as of 12 Oct 2026. Half sit above each figure and half below.

By company size

Median
Large Cap · 53 companies13.7%
Mid Cap · 98 companies13.3%
Small Cap · 2584 companies8.5%

By industry

Median, largest industries first
Pharmaceuticals · 14011.0%
Refineries & Marketing · 811.9%
Computers - Software & Consulting · 3612.9%
Power Generation · 195.7%
Auto Components & Equipments · 8311.7%
Iron & Steel · 1115.6%
Cement & Cement Products · 218.7%
Gems Jewellery And Watches · 3816.8%
Hospital · 267.6%
Residential Commercial Projects · 607.4%
Compare a company with its own industry before the whole market. Every industry, and each company's rank within it, is in the screener.

Screen 6622 companies on Incremental RoIC (3Y) and every other filter.