Eveready Industries India (BOM:531508) Operating Income: ₹1,409 Mil (TTM As of Jun. 2026)

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BOM:531508 Eveready Industries India Ltd BOM:531508
69 GF Score
Price ₹366.25
GF Value ₹392.92
Valuation Fairly Valued
! 4 Warning Signs
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What is Eveready Industries India Operating Income?

Eveready Industries India BOM:531508 +4.93% 69 Operating Income is ₹1,409 Mil as of Jun. 2026. GuruFocus rates BOM:531508 with a GF Score™ of 69/100 and a GF Value™ of ₹392.92 (Fairly Valued). The stock has 4 warning signs investors should review.

Eveready Industries India's Operating Income for the three months ended in Jun. 2026 was ₹539 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹1,409 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Eveready Industries India's Operating Income for the three months ended in Jun. 2026 was ₹539 Mil. Eveready Industries India's Revenue for the three months ended in Jun. 2026 was ₹4,077 Mil. Therefore, Eveready Industries India's Operating Margin % for the quarter that ended in Jun. 2026 was 13.22%.

Warning Sign:

Eveready Industries India Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -5.5%.

Eveready Industries India's 5-Year average Growth Rate for Operating Margin % was -5.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eveready Industries India's annualized ROC % for the quarter that ended in Jun. 2026 was 16.37%. Eveready Industries India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 33.84%.


Eveready Industries India  (BOM:531508) Operating Income Explanation

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

Eveready Industries 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 )
=2155.2 * ( 1 - 27.42% )/( (9554.672 + 0)/ 1 )
=1564.24416/9554.672
=16.37 %

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))
=12135.218 - 2412.032 - ( 168.514 - max(0, 4345.954 - 5746.088+168.514))
=9554.672

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

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

Eveready Industries 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 )
=2165.6/( ( (4526.046 + max(1873.35, 0)) + (0 + max(0, 0)) )/ 1 )
=2165.6/( ( 6399.396 + 0 )/ 1 )
=2165.6/6399.396
=33.84 %

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)
=(1173.158 + 3018.07 + 1356.044) - (2412.032 + 0 + 1261.89)
=1873.35

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 %:

Eveready Industries 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 )
=538.8/4077.1
=13.22 %

* 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.


Eveready Industries India Operating Income Related Terms


Eveready Industries India Operating Income Historical Data

* Premium members only.

The historical data trend for Eveready Industries 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.

Eveready Industries India Operating Income Chart

Eveready Industries 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 937.11 834.00 1,115.61 1,236.84 1,348.90

Eveready Industries 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 465.70 418.90 259.80 191.10 538.80
BOM:531508
69GF Score
Eveready Industries India Ltd BOM:531508
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Eveready Industries 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 ₹1,409 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 ₹1,409 Mil mean?
Eveready Industries India (BOM:531508) has a Operating Income of ₹1,409 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Eveready Industries India and its competitors.
Is Eveready Industries India's Operating Income too high?
Eveready Industries India's current Operating Income is ₹1,409 Mil. Overall, Eveready Industries India has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eveready Industries India's Operating Income compare to VRT and BE?
Eveready Industries India's Operating Income of ₹1,409 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Operating Income depends on the Industrial Products 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 Eveready Industries India and its competitors. Eveready Industries India's current Operating Income is ₹1,409 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eveready Industries India stock overvalued right now?
Based on GuruFocus' analysis, Eveready Industries India (BOM:531508) is currently considered Fairly Valued. The stock's GF Value™ is ₹392.92, compared to a current price of ₹366.25 — trading 6.8% below its estimated fair value. The current Operating Income is ₹1,409 Mil. Eveready Industries India's overall GF Score™ is 69/100 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 Eveready Industries India (BOM:531508), the current Operating Income is ₹1,409 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 Eveready Industries India (BOM:531508) Overvalued in 2026?

Based on GuruFocus' analysis, Eveready Industries India stock appears to be undervalued. The current stock price of ₹366.25 is trading 6.8% below its estimated GF Value™ of ₹392.92. GuruFocus considers Eveready Industries India to be Fairly Valued.

Key valuation signals for BOM:531508:

  • Operating Income: ₹1,409 Mil
  • GF Value™: ₹392.92 vs. price of ₹366.25 (6.8% below fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the BOM:531508 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eveready Industries India Business Description

Other Exchanges EVEREADY:India
Address 2 Rainey Park, Kolkata, WB, IND, 700019
Eveready Industries India Ltd is engaged in the business of manufacturing and marketing dry cell batteries, rechargeable batteries, flashlights, and lighting products, which come under a single business segment known as Consumer Goods. It manufactures and markets dry cell and rechargeable batteries, flashlights, lanterns, packet tea, LED bulbs and luminaries, devices like mobile power banks, rechargeable fans, radio, and small home appliances, among others. The firm markets these products under Eveready, Powercell, Uniross, and Shakti brands. Geographically, the company generates maximum revenue from India and also exports its products to other markets.
69GF Score

Get the complete analysis for BOM:531508

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

₹366.25
Price
₹392.92
GF Value