Shri Venkatesh Refineries (BOM:543373) Operating Income: ₹704 Mil (TTM As of Mar. 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:543373 Shri Venkatesh Refineries Ltd BOM:543373
69 GF Score
Price ₹510.00
GF Value ₹397.10
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Shri Venkatesh Refineries Operating Income?

Shri Venkatesh Refineries BOM:543373 -0.01% 69 Operating Income is ₹704 Mil as of Mar. 2026. GuruFocus rates BOM:543373 with a GF Score™ of 69/100 and a GF Value™ of ₹397.10 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Shri Venkatesh Refineries's Operating Income for the six months ended in Mar. 2026 was ₹431 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹704 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Shri Venkatesh Refineries's Operating Income for the six months ended in Mar. 2026 was ₹431 Mil. Shri Venkatesh Refineries's Revenue for the six months ended in Mar. 2026 was ₹8,217 Mil. Therefore, Shri Venkatesh Refineries's Operating Margin % for the quarter that ended in Mar. 2026 was 5.24%.

Good Sign:

Shri Venkatesh Refineries Ltd operating margin is expanding. Margin expansion is usually a good sign.

Shri Venkatesh Refineries's 5-Year average Growth Rate for Operating Margin % was 10.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shri Venkatesh Refineries's annualized ROC % for the quarter that ended in Mar. 2026 was 14.90%. Shri Venkatesh Refineries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.26%.


Shri Venkatesh Refineries  (BOM:543373) Operating Income Explanation

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

Shri Venkatesh Refineries's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=861.846 * ( 1 - 28.79% )/( (3687.535 + 4552.075)/ 2 )
=613.7205366/4119.805
=14.90 %

where

Invested Capital(Q: Sep. 2025 )
=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))
=4620.472 - 893.806 - ( 39.131 - max(0, 2548.219 - 3678.311+39.131))
=3687.535

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))
=5867.978 - 1235.683 - ( 80.22 - max(0, 3511.429 - 4766.915+80.22))
=4552.075

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Shri Venkatesh Refineries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=880.638/( ( (905.029 + max(2174.774, 0)) + (1061.803 + max(2829.982, 0)) )/ 2 )
=880.638/( ( 3079.803 + 3891.785 )/ 2 )
=880.638/3485.794
=25.26 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(557.718 + 2802.558 + 4.5474735088646E-13) - (893.806 + 0 + 291.696)
=2174.774

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(485.803 + 3741.807 + 0.0010000000002037) - (1235.683 + 0 + 161.946)
=2829.982

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

Shri Venkatesh Refineries's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=430.923/8217.071
=5.24 %

* 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.


Shri Venkatesh Refineries Operating Income Related Terms


Shri Venkatesh Refineries Operating Income Historical Data

* Premium members only.

The historical data trend for Shri Venkatesh Refineries'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.

Shri Venkatesh Refineries Operating Income Chart

Shri Venkatesh Refineries Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 251.36 268.00 286.35 343.15 703.73

Shri Venkatesh Refineries Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 134.02 144.05 199.10 272.81 430.92
BOM:543373
69GF Score
Shri Venkatesh Refineries Ltd BOM:543373
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shri Venkatesh Refineries 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 Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹704 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 ₹704 Mil mean?
Shri Venkatesh Refineries (BOM:543373) has a Operating Income of ₹704 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Shri Venkatesh Refineries and its competitors.
Is Shri Venkatesh Refineries' Operating Income too high?
Shri Venkatesh Refineries' current Operating Income is ₹704 Mil. Overall, Shri Venkatesh Refineries has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shri Venkatesh Refineries' Operating Income compare to KHC and GIS?
Shri Venkatesh Refineries' Operating Income of ₹704 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 Shri Venkatesh Refineries and its competitors. Shri Venkatesh Refineries's current Operating Income is ₹704 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Venkatesh Refineries stock overvalued right now?
Based on GuruFocus' analysis, Shri Venkatesh Refineries (BOM:543373) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹397.10, compared to a current price of ₹510.00 — trading 28.4% above its estimated fair value. The current Operating Income is ₹704 Mil. Shri Venkatesh Refineries' overall GF Score™ is 69/100 with 5 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 Shri Venkatesh Refineries (BOM:543373), the current Operating Income is ₹704 Mil as of Mar. 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 Shri Venkatesh Refineries (BOM:543373) Overvalued in 2026?

Based on GuruFocus' analysis, Shri Venkatesh Refineries stock appears to be overvalued. The current stock price of ₹510.00 is trading 28.4% above its estimated GF Value™ of ₹397.10. GuruFocus considers Shri Venkatesh Refineries to be Modestly Overvalued.

Key valuation signals for BOM:543373:

  • Operating Income: ₹704 Mil
  • GF Value™: ₹397.10 vs. price of ₹510.00 (28.4% above fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the BOM:543373 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shri Venkatesh Refineries Business Description

Address Lal Bahadur Shastri Road, Runwal R Square Office no. 1109, Floor 11, Vardhaman Nagar, Mulund West, Mumbai, MH, IND, 400080
Shri Venkatesh Refineries Ltd is engaged in the processing, refining, and preservation of edible oils, including soybean oil, cottonseed oil, palm oil, and sunflower oil. It markets its products under brands such as Rich Soya, Rich Sun, and Silver Gold, with a distribution network across Maharashtra. The company generates revenue through the manufacturing and trading of refined and raw edible oils. Its operations include the procurement of raw materials directly from farmers and bulk dealers, supported by modern machinery and quality control to ensure product standards. The company's only identifiable reportable business segment is Manufacturing and Trading of Refined Oil and Raw Oil.
69GF Score

Get the complete analysis for BOM:543373

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

₹510.00
Price
₹397.10
GF Value