Astron Multigrain (BOM:544628) Operating Income: ₹23.1 Mil (TTM As of Mar. 2026)

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BOM:544628 Astron Multigrain Ltd BOM:544628
21 GF Score
Price ₹16.02
! 4 Warning Signs
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What is Astron Multigrain Operating Income?

Astron Multigrain BOM:544628 -1.48% 21 Operating Income is ₹23.1 Mil as of Mar. 2026. GuruFocus rates BOM:544628 with a GF Score™ of 21/100. The stock has 4 warning signs investors should review.

Astron Multigrain's Operating Income for the six months ended in Mar. 2026 was ₹23.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹23.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Astron Multigrain's Operating Income for the six months ended in Mar. 2026 was ₹23.1 Mil. Astron Multigrain's Revenue for the six months ended in Mar. 2026 was ₹343.4 Mil. Therefore, Astron Multigrain's Operating Margin % for the quarter that ended in Mar. 2026 was 6.72%.

Astron Multigrain'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. Astron Multigrain's annualized ROC % for the quarter that ended in Mar. 2026 was 7.10%. Astron Multigrain's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.98%.

Astron Multigrain  (BOM:544628) Operating Income Explanation

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

Astron Multigrain'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: Mar. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=23.062 * ( 1 - 25.11% )/( (166.839 + 319.578)/ 2 )
=17.2711318/243.2085
=7.10 %

where

Invested Capital(Q: Mar. 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))
=217.919 - 47.72 - ( 3.36 - max(0, 99.071 - 149.868+3.36))
=166.839

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))
=366.436 - 41.859 - ( 4.999 - max(0, 89.577 - 242.806+4.999))
=319.578

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

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

Astron Multigrain'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: Mar. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=24.913/( ( (65.668 + max(82.152, 0)) + (96.012 + max(172.191, 0)) )/ 2 )
=24.913/( ( 147.82 + 268.203 )/ 2 )
=24.913/208.0115
=11.98 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.712 + 66.386 + 5.389) - (47.72 + 0 + 16.615)
=82.152

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(168.947 + 53.443 + 15.417) - (41.859 + 0 + 23.757)
=172.191

When net working capital is negative, 0 is used.

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

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

Astron Multigrain'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 )
=23.062/343.423
=6.72 %

* 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.

Astron Multigrain Operating Income Related Terms

Astron Multigrain Operating Income Historical Data

* Premium members only.

The historical data trend for Astron Multigrain'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.

Astron Multigrain Operating Income Chart

Astron Multigrain Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Operating Income
21.37 25.59 35.26 45.94

Astron Multigrain Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Operating Income 0.00 0.00 27.72 23.06
BOM:544628
21GF Score
Astron Multigrain Ltd BOM:544628
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Astron Multigrain 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹23.1 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 ₹23.1 Mil mean?
Astron Multigrain (BOM:544628) has a Operating Income of ₹23.1 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Astron Multigrain and its competitors.
Is Astron Multigrain's Operating Income too high?
Astron Multigrain's current Operating Income is ₹23.1 Mil. Overall, Astron Multigrain has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Astron Multigrain's Operating Income compare to KHC and GIS?
Astron Multigrain's Operating Income of ₹23.1 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 Astron Multigrain and its competitors. Astron Multigrain's current Operating Income is ₹23.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astron Multigrain stock overvalued right now?
Astron Multigrain (BOM:544628) has a current Operating Income of ₹23.1 Mil. The current Operating Income is ₹23.1 Mil. Astron Multigrain's overall GF Score™ is 21/100 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 Astron Multigrain (BOM:544628), the current Operating Income is ₹23.1 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.

Astron Multigrain Business Description

Address Plot No. 17 To 21, Near Ram Hotel, Chordi, Gondal, Rajkot, GJ, IND, 360311
Astron Multigrain Ltd is in the business of manufacturing of instant noodles. The company manufactures noodles on a contract manufacturing basis. It also manufactures noodles under its own brand, 'Astron's Swagy Noodles', available in one variant - Mast Masala (Classic flavour). The company is also engaged in the manufacturing of noodle bhujiya and papad. It operates in a single reportable business segment: manufacture and supply of Instant Noodles and other Ready to Eat/ Ready to Cook products to its customers across India. The majority of its revenue is derived from the manufacturing and sale of instant noodles.
21GF Score

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

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