Tourism Finance of India (BOM:526650) Operating Income: ₹1,620 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:526650 Tourism Finance Corp of India Ltd BOM:526650
53 GF Score
Price ₹105.50
GF Value ₹45.11
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Tourism Finance of India Operating Income?

Tourism Finance of India BOM:526650 +3.47% 53 Operating Income is ₹1,620 Mil as of Jun. 2026. GuruFocus rates BOM:526650 with a GF Score™ of 53/100 and a GF Value™ of ₹45.11 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Tourism Finance of India's Operating Income for the three months ended in Jun. 2026 was ₹454 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹1,620 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tourism Finance of India's Operating Income for the three months ended in Jun. 2026 was ₹454 Mil. Tourism Finance of India's Revenue for the three months ended in Jun. 2026 was ₹774 Mil. Therefore, Tourism Finance of India's Operating Margin % for the quarter that ended in Jun. 2026 was 58.64%.

Warning Sign:

Tourism Finance Corp of India Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -2%.

Tourism Finance of India's 5-Year average Growth Rate for Operating Margin % was -2.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tourism Finance of India's annualized ROC % for the quarter that ended in Jun. 2026 was 6.35%. Tourism Finance of India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 1,375.69%.


Tourism Finance of India  (BOM:526650) Operating Income Explanation

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

Tourism Finance of 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 )
=1815.62 * ( 1 - 21.85% )/( (22332.355 + 0)/ 1 )
=1418.90703/22332.355
=6.35 %

where

Invested Capital(Q: Mar. 2026 )
=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))
=24117.952 - 9.637 - ( 1775.96 - max(0, 2884.955 - 6525.11+1775.96))
=22332.355

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

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

Tourism Finance of 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 )
=1815.62/( ( (131.979 + max(-41.371, 0)) + (0 + max(0, 0)) )/ 1 )
=1815.62/( ( 131.979 + 0 )/ 1 )
=1815.62/131.979
=1,375.69 %

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)
=(0.5 + 0 + 133.268) - (9.637 + 0 + 165.502)
=-41.371

Working Capital(Q: Jun. 2026 )
=(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 (Jun. 2026) EBIT data.

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

Tourism Finance of 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 )
=453.905/773.992
=58.64 %

* 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.


Tourism Finance of India Operating Income Related Terms


Tourism Finance of India Operating Income Historical Data

* Premium members only.

The historical data trend for Tourism Finance of 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.

Tourism Finance of India Operating Income Chart

Tourism Finance of 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 1,700.64 1,592.68 1,403.00 1,537.10 1,772.84

Tourism Finance of 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 360.52 365.31 393.83 406.71 453.91
BOM:526650
53GF Score
Tourism Finance Corp of India Ltd BOM:526650
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tourism Finance of 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 ₹1,620 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 ₹1,620 Mil mean?
Tourism Finance of India (BOM:526650) has a Operating Income of ₹1,620 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tourism Finance of India and its competitors.
Is Tourism Finance of India's Operating Income too high?
Tourism Finance of India's current Operating Income is ₹1,620 Mil. Overall, Tourism Finance of India has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tourism Finance of India's Operating Income compare to V and MA?
Tourism Finance of India's Operating Income of ₹1,620 Mil can be compared against companies in the Credit Services 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 Credit Services company?
A good Operating Income depends on the Credit Services 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 Tourism Finance of India and its competitors. Tourism Finance of India's current Operating Income is ₹1,620 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tourism Finance of India stock overvalued right now?
Based on GuruFocus' analysis, Tourism Finance of India (BOM:526650) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹45.11, compared to a current price of ₹105.50 — trading 133.9% above its estimated fair value. The current Operating Income is ₹1,620 Mil. Tourism Finance of India's overall GF Score™ is 53/100 with 10 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 Tourism Finance of India (BOM:526650), the current Operating Income is ₹1,620 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 Tourism Finance of India (BOM:526650) Overvalued in 2026?

Based on GuruFocus' analysis, Tourism Finance of India stock appears to be overvalued. The current stock price of ₹105.50 is trading 133.9% above its estimated GF Value™ of ₹45.11. GuruFocus considers Tourism Finance of India to be Significantly Overvalued.

Key valuation signals for BOM:526650:

  • Operating Income: ₹1,620 Mil
  • GF Value™: ₹45.11 vs. price of ₹105.50 (133.9% above fair value)
  • GF Score™: 53/100 with 10 warning signs

No single metric tells the full story. See the BOM:526650 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tourism Finance of India Business Description

Other Exchanges TFCILTD:India
Address 4th Floor, Tower 1, NBCC Plaza, Pushp Vihar, Sector-V, Saket, New Delhi, IND, 110 017
Tourism Finance Corp of India Ltd is engaged in the provision of financial services. It provides financial assistance by way of rupee term loans, subscriptions to equity/debentures, and corporate loans mainly to hotel projects, amusement parks, ropeways, multiplexes, restaurants, and others. The company products and services include tourism project financing, other financings, and tourism advisory services. Its only operating segment being Financing and Investment Activities. Geographically, the company generates majority of revenue from India.
53GF Score

Get the complete analysis for BOM:526650

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

₹105.50
Price
₹45.11
GF Value