Parag Milk Food (BOM:539889) Operating Income: ₹1,943 Mil (TTM As of Jun. 2026)

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BOM:539889 Parag Milk Food Ltd BOM:539889
80 GF Score
Price ₹251.95
GF Value ₹253.03
Valuation Fairly Valued
! 2 Warning Signs
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What is Parag Milk Food Operating Income?

Parag Milk Food BOM:539889 -6.34% 80 Operating Income is ₹1,943 Mil as of Jun. 2026. GuruFocus rates BOM:539889 with a GF Score™ of 80/100 and a GF Value™ of ₹253.03 (Fairly Valued). The stock has 2 warning signs investors should review.

Parag Milk Food's Operating Income for the three months ended in Jun. 2026 was ₹498 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹1,943 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Parag Milk Food's Operating Income for the three months ended in Jun. 2026 was ₹498 Mil. Parag Milk Food's Revenue for the three months ended in Jun. 2026 was ₹9,446 Mil. Therefore, Parag Milk Food's Operating Margin % for the quarter that ended in Jun. 2026 was 5.27%.

Parag Milk Food'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. Parag Milk Food's annualized ROC % for the quarter that ended in Jun. 2026 was 7.45%. Parag Milk Food's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 12.49%.


Parag Milk Food  (BOM:539889) Operating Income Explanation

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

Parag Milk Food'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 )
=1991.2 * ( 1 - 24.718% )/( (20133.8 + 0)/ 1 )
=1499.015184/20133.8
=7.45 %

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:

Parag Milk Food'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 )
=2047.6/( ( (7070.1 + max(9328.4, 0)) + ( + max(0, 0)) )/ 1 )
=2047.6/( ( 16398.5 + 0 )/ 1 )
=2047.6/16398.5
=12.49 %

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)
=(2445.1 + 9247.9 + 1432.3) - (2845.7 + 448.7 + 502.5)
=9328.4

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

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 %:

Parag Milk Food'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 )
=497.8/9445.7
=5.27 %

* 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.


Parag Milk Food Operating Income Related Terms


Parag Milk Food Operating Income Historical Data

* Premium members only.

The historical data trend for Parag Milk Food'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.

Parag Milk Food Operating Income Chart

Parag Milk Food 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 -4,978.75 629.29 1,036.80 1,228.60 1,486.10

Parag Milk Food 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 415.60 524.90 501.60 418.20 497.80
BOM:539889
80GF Score
Parag Milk Food Ltd BOM:539889
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Parag Milk Food 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 ₹1,943 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 ₹1,943 Mil mean?
Parag Milk Food (BOM:539889) has a Operating Income of ₹1,943 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Parag Milk Food and its competitors.
Is Parag Milk Food's Operating Income too high?
Parag Milk Food's current Operating Income is ₹1,943 Mil. Overall, Parag Milk Food has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Parag Milk Food's Operating Income compare to KHC and GIS?
Parag Milk Food's Operating Income of ₹1,943 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Parag Milk Food and its competitors. Parag Milk Food's current Operating Income is ₹1,943 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parag Milk Food stock overvalued right now?
Based on GuruFocus' analysis, Parag Milk Food (BOM:539889) is currently considered Fairly Valued. The stock's GF Value™ is ₹253.03, compared to a current price of ₹251.95 — trading 0.4% below its estimated fair value. The current Operating Income is ₹1,943 Mil. Parag Milk Food's overall GF Score™ is 80/100 with 2 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 Parag Milk Food (BOM:539889), the current Operating Income is ₹1,943 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 Parag Milk Food (BOM:539889) Overvalued in 2026?

Based on GuruFocus' analysis, Parag Milk Food stock appears to be undervalued. The current stock price of ₹251.95 is trading 0.4% below its estimated GF Value™ of ₹253.03. GuruFocus considers Parag Milk Food to be Fairly Valued.

Key valuation signals for BOM:539889:

  • Operating Income: ₹1,943 Mil
  • GF Value™: ₹253.03 vs. price of ₹251.95 (0.4% below fair value)
  • GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the BOM:539889 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Parag Milk Food Business Description

Other Exchanges PARAGMILK:India
Address Nariman Point, 10th Floor Nirmal Building, Mumbai, MH, IND, 400021
Parag Milk Food Ltd is an India based company engaged in manufacturing, trading, and processing of milk and milk products. The products offered by the company are milk, cheese, butter, ghee, fresh cream, milk powder, flavoured milk, lassi, whey protein powder, curd, and other related products. The company markets its products under the brands Gowardhan, Go, Topp up and PRIDE OF COWS. It sells its products in India, and also exports internationally, of which majority of the sales revenue is generated within India.
80GF Score

Get the complete analysis for BOM:539889

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

₹251.95
Price
₹253.03
GF Value