Siyaram Recycling Industries (BOM:544047) Operating Income: ₹154 Mil (TTM As of Mar. 2026)

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BOM:544047 Siyaram Recycling Industries Ltd BOM:544047
37 GF Score
Price ₹33.40
! 8 Warning Signs
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What is Siyaram Recycling Industries Operating Income?

Siyaram Recycling Industries BOM:544047 -1.36% 37 Operating Income is ₹154 Mil as of Mar. 2026. GuruFocus rates BOM:544047 with a GF Score™ of 37/100. The stock has 8 warning signs investors should review.

Siyaram Recycling Industries's Operating Income for the six months ended in Mar. 2026 was ₹67 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹154 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Siyaram Recycling Industries's Operating Income for the six months ended in Mar. 2026 was ₹67 Mil. Siyaram Recycling Industries's Revenue for the six months ended in Mar. 2026 was ₹1,498 Mil. Therefore, Siyaram Recycling Industries's Operating Margin % for the quarter that ended in Mar. 2026 was 4.50%.

Good Sign:

Siyaram Recycling Industries Ltd operating margin is expanding. Margin expansion is usually a good sign.

Siyaram Recycling Industries's 5-Year average Growth Rate for Operating Margin % was 15.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Siyaram Recycling Industries's annualized ROC % for the quarter that ended in Mar. 2026 was 3.72%. Siyaram Recycling Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.12%.

Siyaram Recycling Industries  (BOM:544047) Operating Income Explanation

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

Siyaram Recycling Industries'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 )
=134.934 * ( 1 - 30.256% )/( (2578.072 + 2485.773)/ 2 )
=94.10836896/2531.9225
=3.72 %

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))
=2898.409 - 318.787 - ( 1.55 - max(0, 1444.845 - 2776.53+1.55))
=2578.072

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))
=2738.888 - 251.289 - ( 1.826 - max(0, 1276.937 - 2630.729+1.826))
=2485.773

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:

Siyaram Recycling Industries'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 )
=144.168/( ( (70.336 + max(2238.81, 0)) + (61.834 + max(2338.802, 0)) )/ 2 )
=144.168/( ( 2309.146 + 2400.636 )/ 2 )
=144.168/2354.891
=6.12 %

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)
=(564.684 + 2105.41 + 94.395) - (318.787 + 0 + 206.892)
=2238.81

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(545.756 + 2041.401 + 41.746) - (251.289 + 31.55 + 7.2619999999999)
=2338.802

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 %:

Siyaram Recycling Industries'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 )
=67.467/1498.398
=4.50 %

* 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.

Siyaram Recycling Industries Operating Income Related Terms

Siyaram Recycling Industries Operating Income Historical Data

* Premium members only.

The historical data trend for Siyaram Recycling Industries'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.

Siyaram Recycling Industries Operating Income Chart

Siyaram Recycling Industries Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 52.57 126.02 164.33 271.48 161.57

Siyaram Recycling Industries Semi-Annual Data
Sep24 Mar25 Sep25 Mar26
Operating Income 131.06 127.69 86.53 67.47
BOM:544047
37GF Score
Siyaram Recycling Industries Ltd BOM:544047
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Siyaram Recycling Industries 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 ₹154 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 ₹154 Mil mean?
Siyaram Recycling Industries (BOM:544047) has a Operating Income of ₹154 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Siyaram Recycling Industries and its competitors.
Is Siyaram Recycling Industries' Operating Income too high?
Siyaram Recycling Industries' current Operating Income is ₹154 Mil. Overall, Siyaram Recycling Industries has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Siyaram Recycling Industries' Operating Income compare to ATI and CRS?
Siyaram Recycling Industries' Operating Income of ₹154 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 Siyaram Recycling Industries and its competitors. Siyaram Recycling Industries's current Operating Income is ₹154 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siyaram Recycling Industries stock overvalued right now?
Siyaram Recycling Industries (BOM:544047) has a current Operating Income of ₹154 Mil. The current Operating Income is ₹154 Mil. Siyaram Recycling Industries' overall GF Score™ is 37/100 with 8 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 Siyaram Recycling Industries (BOM:544047), the current Operating Income is ₹154 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.

Siyaram Recycling Industries Business Description

Address Plot No. 6 & 7, Village: Lakhabaval Post: Khodiyar Colony, Jamnagar, GJ, IND, 361006
Siyaram Recycling Industries Ltd is primarily engaged in the segregation of brass scrap, manufacturing of brass ingots, billets and brass rods and manufacturing of brass-based components such as plumbing and sanitary parts. The company also manufactures brass ingots, billets and rods through brass scrap and is mainly exported to China. Additionally, it supplies brass ingots to esteemed customers in India such as Astral Limited, Kajaria Bathware and AGI Greenpac. It procures brass scrap mainly from international market such as USA, UK, Europe and Middle East. Post procurement, segregation of brass is done and is mainly sold by in Gujarat.
37GF Score

Get the complete analysis for BOM:544047

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

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