Pan Electronics (India) (BOM:517397) Operating Income: ₹-22.96 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:517397 Pan Electronics (India) Ltd BOM:517397
36 GF Score
Price ₹26.49
GF Value ₹33.98
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Pan Electronics (India) Operating Income?

Pan Electronics (India) BOM:517397 -4.64% 36 Operating Income is ₹-22.96 Mil as of Jun. 2026. GuruFocus rates BOM:517397 with a GF Score™ of 36/100 and a GF Value™ of ₹33.98 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Pan Electronics (India)'s Operating Income for the three months ended in Jun. 2026 was ₹-4.13 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹-22.96 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Pan Electronics (India)'s Operating Income for the three months ended in Jun. 2026 was ₹-4.13 Mil. Pan Electronics (India)'s Revenue for the three months ended in Jun. 2026 was ₹7.89 Mil. Therefore, Pan Electronics (India)'s Operating Margin % for the quarter that ended in Jun. 2026 was -52.33%.

Pan Electronics (India)'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. Pan Electronics (India)'s annualized ROC % for the quarter that ended in Jun. 2026 was -16.63%. Pan Electronics (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -17.30%.


Pan Electronics (India)  (BOM:517397) Operating Income Explanation

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

Pan Electronics (India)'s annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-16.52 * ( 1 - 0% )/( (101.66 + 96.971)/ 2 )
=-16.52/99.3155
=-16.63 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

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

Pan Electronics (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-16.496/( ( (49.926 + max(45.473, 0)) + (47.252 + max(48.086, 0)) )/ 2 )
=-16.496/( ( 95.399 + 95.338 )/ 2 )
=-16.496/95.3685
=-17.30 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.678 + 15.803 + 24.372) - (8.804 + 0 + 2.576)
=45.473

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.449 + 15.03 + 21.209) - (4.45 + 0 + 1.152)
=48.086

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Pan Electronics (India)'s Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=-4.13/7.892
=-52.33 %

* 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.

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.


Pan Electronics (India) Operating Income Related Terms


Pan Electronics (India) Operating Income Historical Data

* Premium members only.

The historical data trend for Pan Electronics (India)'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.

Pan Electronics (India) Operating Income Chart

Pan Electronics (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -32.16 -39.12 -29.47 -32.10 -17.46

Pan Electronics (India) Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.04 -7.52 -3.80 -7.50 -4.13
BOM:517397
36GF Score
Pan Electronics (India) Ltd BOM:517397
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pan Electronics (India) 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-22.96 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹-22.96 Mil mean?
Pan Electronics (India) (BOM:517397) has a Operating Income of ₹-22.96 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pan Electronics (India) and its competitors.
Is Pan Electronics (India)'s Operating Income too high?
Pan Electronics (India)'s current Operating Income is ₹-22.96 Mil. Overall, Pan Electronics (India) has a GF Score™ of 36/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pan Electronics (India)'s Operating Income compare to APH and GLW?
Pan Electronics (India)'s Operating Income of ₹-22.96 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Hardware company?
A good Operating Income depends on the Hardware industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pan Electronics (India) and its competitors. Pan Electronics (India)'s current Operating Income is ₹-22.96 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Electronics (India) stock overvalued right now?
Based on GuruFocus' analysis, Pan Electronics (India) (BOM:517397) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹33.98, compared to a current price of ₹26.49 — trading 22% below its estimated fair value. The current Operating Income is ₹-22.96 Mil. Pan Electronics (India)'s overall GF Score™ is 36/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Pan Electronics (India) (BOM:517397), the current Operating Income is ₹-22.96 Mil as of Jun. 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 Pan Electronics (India) (BOM:517397) Overvalued in 2026?

Based on GuruFocus' analysis, Pan Electronics (India) stock appears to be undervalued. The current stock price of ₹26.49 is trading 22% below its estimated GF Value™ of ₹33.98. GuruFocus considers Pan Electronics (India) to be Modestly Undervalued.

Key valuation signals for BOM:517397:

  • Operating Income: ₹-22.96 Mil
  • GF Value™: ₹33.98 vs. price of ₹26.49 (22% below fair value)
  • GF Score™: 36/100 with 4 warning signs

No single metric tells the full story. See the BOM:517397 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pan Electronics (India) Business Description

Address Phase-1, Pipeline Road, No. 16B, Peenya lndustrial area, Bengaluru, KA, IND, 560058
Pan Electronics (India) Ltd is a manufacturer specializing in MPP films and capacitors, using robust aluminum construction for its products. The capacitors are designed to provide low DPPM (Defective Parts Per Million) in the field, stable capacitance, and low energy consumption, leveraging MPP film technology for self-healing capabilities. Its products include fan capacitors, motor start and run capacitors, air conditioning capacitors, washing machine capacitors, lighting capacitors, submersible pump capacitors, as well as power factor correction capacitors in both box-type and cylindrical designs.
36GF Score

Get the complete analysis for BOM:517397

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹26.49
Price
₹33.98
GF Value