Solar Industries India (NSE:SOLARINDS) 3-Year ROIIC % : 29.25% (As of Mar. 2024)

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What is Solar Industries India 3-Year ROIIC %?

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. Solar Industries India's 3-Year ROIIC % for the quarter that ended in Mar. 2024 was 29.25%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Solar Industries India's 3-Year ROIIC % or its related term are showing as below:

NSE:SOLARINDS's 3-Year ROIIC % is ranked better than
83.38% of 1528 companies
in the Chemicals industry
Industry Median: 2.095 vs NSE:SOLARINDS: 29.25

Solar Industries India 3-Year ROIIC % Historical Data

The historical data trend for Solar Industries 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.

* Premium members only.

Solar Industries India 3-Year ROIIC % Chart

Solar Industries India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

3-Year ROIIC %

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10.24

10.36

16.18

30.11

29.25

Solar Industries India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
3-Year ROIIC %	Get a 7-Day Free Trial															30.11	-	-	-	29.25

Competitive Comparison of Solar Industries India's 3-Year ROIIC %

For the Specialty Chemicals subindustry, Solar Industries 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.

Solar Industries India's 3-Year ROIIC % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Solar Industries India's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Solar Industries India's 3-Year ROIIC % falls into.

Solar Industries India 3-Year ROIIC % Calculation

Solar Industries India's 3-Year ROIIC % for the quarter that ended in Mar. 2024 is calculated as:

3-Year ROIIC %	=	3-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	3-Year Incremental Invested Capital^**
	=	( 9239.08071 (Mar. 2024) - 3327.33726 (Mar. 2021) )	/	( 45108.7 (Mar. 2024) - 24895.3 (Mar. 2021) )
	=	5911.74345	/	20213.4
	=	29.25%^***

** 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.

Solar Industries India (NSE:SOLARINDS) 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.

Solar Industries India 3-Year ROIIC % Related Terms

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Solar Industries India (NSE:SOLARINDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Solar Industries India Ltd (NSE:SOLARINDS) » Definitions » 3-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

532725:India

Address

Amravati Road, Solar House, 14, Kachimet, Nagpur, MH, IND, 440023

Website

https://www.solargroup.com

Solar Industries India Ltd manufactures and sells a variety of explosives and defense products. The company primarily sells bulk and packaged explosives as well as detonation initiating systems to the mining, infrastructure, and construction industries. The firm's defense products include high energy explosives, propellants for delivering missiles and rockets, pyros, bombs, and warheads. Geographically, the group holds its presence in both India and internationally of which Indian region accounts for a majority of revenue.

Solar Industries India (NSE:SOLARINDS) Headlines

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