Waterways Leisure Tourism (BOM:544802) Operating Income: ₹850 Mil (TTM As of Mar. 2026)

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BOM:544802 Waterways Leisure Tourism Ltd BOM:544802
20 GF Score
Price ₹104.45
! 9 Warning Signs
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What is Waterways Leisure Tourism Operating Income?

Waterways Leisure Tourism BOM:544802 -2.15% 20 Operating Income is ₹850 Mil as of Mar. 2026. GuruFocus rates BOM:544802 with a GF Score™ of 20/100. The stock has 9 warning signs investors should review.

Waterways Leisure Tourism's Operating Income for the six months ended in Mar. 2026 was ₹850 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹850 Mil.

Warning Sign:

Waterways Leisure Tourism Ltd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Waterways Leisure Tourism's Operating Income for the six months ended in Mar. 2026 was ₹850 Mil. Waterways Leisure Tourism's Revenue for the six months ended in Mar. 2026 was ₹5,794 Mil. Therefore, Waterways Leisure Tourism's Operating Margin % for the quarter that ended in Mar. 2026 was 14.67%.

Waterways Leisure Tourism'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. Waterways Leisure Tourism's annualized ROC % for the quarter that ended in Mar. 2026 was 18.34%. Waterways Leisure Tourism's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 106.33%.


Waterways Leisure Tourism  (BOM:544802) Operating Income Explanation

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

Waterways Leisure Tourism'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 )
=850.21 * ( 1 - 33.38% )/( (2324.31 + 3851.79)/ 2 )
=566.409902/3088.05
=18.34 %

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))
=2473.74 - 599.81 - ( 830.51 - max(0, 1935.55 - 1485.17+830.51))
=2324.31

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))
=3417.79 - 513.53 - ( 139.26 - max(0, 1974.36 - 1026.83+139.26))
=3851.79

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

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

Waterways Leisure Tourism'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 )
=862.8/( ( (907.5 + max(-907.85, 0)) + (715.39 + max(-533.12, 0)) )/ 2 )
=862.8/( ( 907.5 + 715.39 )/ 2 )
=862.8/811.445
=106.33 %

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)
=(30.17 + 61.84 + 556.28) - (599.81 + 0 + 956.33)
=-907.85

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(48.77 + 58.97 + 749.25) - (513.53 + 0 + 876.58)
=-533.12

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 %:

Waterways Leisure Tourism'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 )
=850.21/5794.32
=14.67 %

* 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.


Waterways Leisure Tourism Operating Income Related Terms


Waterways Leisure Tourism Operating Income Historical Data

* Premium members only.

The historical data trend for Waterways Leisure Tourism'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.

Waterways Leisure Tourism Operating Income Chart

Waterways Leisure Tourism Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
-383.68 781.28 -751.56 1,565.20 850.21

Waterways Leisure Tourism Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income -383.68 781.28 -751.56 1,565.20 850.21
BOM:544802
20GF Score
Waterways Leisure Tourism Ltd BOM:544802
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Waterways Leisure Tourism 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 ₹850 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 ₹850 Mil mean?
Waterways Leisure Tourism (BOM:544802) has a Operating Income of ₹850 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Waterways Leisure Tourism and its competitors.
Is Waterways Leisure Tourism's Operating Income too high?
Waterways Leisure Tourism's current Operating Income is ₹850 Mil. Overall, Waterways Leisure Tourism has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Waterways Leisure Tourism's Operating Income compare to competitors?
Waterways Leisure Tourism's Operating Income of ₹850 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Operating Income depends on the Transportation 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 Waterways Leisure Tourism and its competitors. Waterways Leisure Tourism's current Operating Income is ₹850 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waterways Leisure Tourism stock overvalued right now?
Waterways Leisure Tourism (BOM:544802) has a current Operating Income of ₹850 Mil. The current Operating Income is ₹850 Mil. Waterways Leisure Tourism's overall GF Score™ is 20/100 with 9 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 Waterways Leisure Tourism (BOM:544802), the current Operating Income is ₹850 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.

Waterways Leisure Tourism Business Description

Other Exchanges CORDELIA:India
Address NM Joshi Marg, Delisle Road, A-1601, Marathon Futurex, Lower Parel, Mumbai, MH, IND, 400013
Waterways Leisure Tourism Ltd is one of the domestic ocean cruise operators in India, offering luxurious and authentic Indian experiences. It is engaged in the business of cruise lines, shipping, organizing, and conducting cruises, tours, holidays, maintaining, and providing related services. The company currently operates a cruise vessel, the MV Empress. Its cruise vessel sails to domestic destinations such as Mumbai (Maharashtra), Goa, Kochi (Kerala), Chennai (Tamil Nadu), Lakshadweep, Visakhapatnam(Andhra Pradesh), and Puducherry. Its cruise vessel MV Empress offers a variety of cabin options, including one chairman's suite, suites, mini suites, ocean-view staterooms, and interior staterooms.
20GF 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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