Shree Marutinandan Tubes (BOM:544083) Operating Income: ₹54 Mil (TTM As of Mar. 2026)

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BOM:544083 Shree Marutinandan Tubes Ltd BOM:544083
45 GF Score
Price ₹46.15
! 3 Warning Signs
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What is Shree Marutinandan Tubes Operating Income?

Shree Marutinandan Tubes BOM:544083 -11.25% 45 Operating Income is ₹54 Mil as of Mar. 2026. GuruFocus rates BOM:544083 with a GF Score™ of 45/100. The stock has 3 warning signs investors should review.

Shree Marutinandan Tubes's Operating Income for the six months ended in Mar. 2026 was ₹41 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹54 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Shree Marutinandan Tubes's Operating Income for the six months ended in Mar. 2026 was ₹41 Mil. Shree Marutinandan Tubes's Revenue for the six months ended in Mar. 2026 was ₹717 Mil. Therefore, Shree Marutinandan Tubes's Operating Margin % for the quarter that ended in Mar. 2026 was 5.68%.

Good Sign:

Shree Marutinandan Tubes Ltd operating margin is expanding. Margin expansion is usually a good sign.

Shree Marutinandan Tubes's 5-Year average Growth Rate for Operating Margin % was 18.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shree Marutinandan Tubes's annualized ROC % for the quarter that ended in Mar. 2026 was 14.55%. Shree Marutinandan Tubes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.48%.

Shree Marutinandan Tubes  (BOM:544083) Operating Income Explanation

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

Shree Marutinandan Tubes'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 )
=81.406 * ( 1 - 23.39% )/( (428.217 + 428.886)/ 2 )
=62.3651366/428.5515
=14.55 %

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))
=555.486 - 124.677 - ( 2.592 - max(0, 197.909 - 479.636+2.592))
=428.217

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))
=660.97 - 205.2 - ( 26.884 - max(0, 276.389 - 569.834+26.884))
=428.886

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:

Shree Marutinandan Tubes'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 )
=82.528/( ( (72.61 + max(279.892, 0)) + (74.014 + max(307.877, 0)) )/ 2 )
=82.528/( ( 352.502 + 381.891 )/ 2 )
=82.528/367.1965
=22.48 %

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)
=(233.996 + 169.318 + 5.52) - (124.677 + 0 + 4.265)
=279.892

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(316.513 + 175.122 + 51.315) - (205.2 + 0 + 29.873)
=307.877

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 %:

Shree Marutinandan Tubes'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 )
=40.703/717.184
=5.68 %

* 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.

Shree Marutinandan Tubes Operating Income Related Terms

Shree Marutinandan Tubes Operating Income Historical Data

* Premium members only.

The historical data trend for Shree Marutinandan Tubes'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.

Shree Marutinandan Tubes Operating Income Chart

Shree Marutinandan Tubes Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 7.33 33.81 40.04 35.24 59.63

Shree Marutinandan Tubes Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only 18.41 9.01 26.04 13.42 40.70
BOM:544083
45GF Score
Shree Marutinandan Tubes Ltd BOM:544083
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Shree Marutinandan Tubes 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 ₹54 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 ₹54 Mil mean?
Shree Marutinandan Tubes (BOM:544083) has a Operating Income of ₹54 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Shree Marutinandan Tubes and its competitors.
Is Shree Marutinandan Tubes' Operating Income too high?
Shree Marutinandan Tubes' current Operating Income is ₹54 Mil. Overall, Shree Marutinandan Tubes has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Shree Marutinandan Tubes' Operating Income compare to GWW and FAST?
Shree Marutinandan Tubes' Operating Income of ₹54 Mil can be compared against companies in the Industrial Distribution 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 Distribution company?
A good Operating Income depends on the Industrial Distribution 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 Shree Marutinandan Tubes and its competitors. Shree Marutinandan Tubes's current Operating Income is ₹54 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shree Marutinandan Tubes stock overvalued right now?
Shree Marutinandan Tubes (BOM:544083) has a current Operating Income of ₹54 Mil. The current Operating Income is ₹54 Mil. Shree Marutinandan Tubes' overall GF Score™ is 45/100 with 3 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 Shree Marutinandan Tubes (BOM:544083), the current Operating Income is ₹54 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.

Shree Marutinandan Tubes Business Description

Address S.P Ring Road, A-21, Second Floor, Amrapali Complex, Bopal, Ahmedabad, GJ, IND, 380058
Shree Marutinandan Tubes Ltd is engaged in the trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERW MS) Pipes (round pipes, square and rectangular hollow sections in various specifications, sizes ranging from 15NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes. Its products are widely used in various industries like Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, Industrial etc.
45GF Score

Get the complete analysis for BOM:544083

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

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