NDA Securities (BOM:511535) Operating Income : ₹-1.71 Mil (TTM As of Dec. 2023)

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What is NDA Securities Operating Income?

NDA Securities's Operating Income for the three months ended in Dec. 2023 was ₹9.14 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-1.71 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. NDA Securities's Operating Income for the three months ended in Dec. 2023 was ₹9.14 Mil. NDA Securities's Revenue for the three months ended in Dec. 2023 was ₹16.99 Mil. Therefore, NDA Securities's Operating Margin % for the quarter that ended in Dec. 2023 was 53.78%.

NDA Securities's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NDA Securities's annualized ROC % for the quarter that ended in Dec. 2023 was 52.17%. NDA Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 446.50%.

NDA Securities Operating Income Historical Data

The historical data trend for NDA Securities's Operating Income 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.

NDA Securities Operating Income Chart

NDA Securities Annual Data

Trend

Mar14

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Mar16

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Mar19

Mar20

Mar21

Mar22

Mar23

Operating Income

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-2.74

-9.79

0.40

4.86

-1.48

NDA Securities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															7.82	-25.26	6.05	8.37	9.14

NDA Securities Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1.71 Mil.

NDA Securities (BOM:511535) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

NDA Securities's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	36.544 * ( 1 - 24.72% )	/	( (52.734	+	0)	/ 1 )
=	27.5103232	/	52.734
=	52.17 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	207.784	-	77.706	-	( 77.344	-	max(0, 77.706	-	173.952	+	77.344	))
=	52.734

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

NDA Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	14.288	/	( ( (3.2 + max(-62.186, 0))	+	(0 + max(0, 0)) )	/	1 )
=	14.288	/	( ( 3.2	+	0 )	/	1 )
=	14.288	/	3.2
=	446.50 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.417	+	0.103	+	0)	-	(77.706	+	0	+	0)
=	-62.186

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

NDA Securities's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	9.136	/	16.988
	=	53.78 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

NDA Securities Operating Income Related Terms

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NDA Securities (BOM:511535) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NDA Securities Ltd (BOM:511535) » Definitions » Operating Income

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Address

E-157, Second Floor, Kalkaji, New Delhi, IND, 110019

Website

https://www.ndaindia.com

NDA Securities Ltd is engaged in various financial services. The company provides various stockbroking services in the equity capital market, future and options market, commodity markets, currency derivative market, and depository participants. The company is engaged in the brokerage of financial products e.g. Stock Brokerage, Mutual Funds depository Services, and investment-related activities such as investment in subsidiaries and investment in Mutual Funds. The company receives revenue from the sale of shares and mutual fund commissions, and brokerage on the sale of securities. Geographically, the company offers its services only to the Indian market region.

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