Shahjibazar Power Co (DHA:SPCL) Operating Income: BDT1,275 Mil (TTM As of Mar. 2026)


DHA:SPCL Shahjibazar Power Co Ltd DHA:SPCL
92 GF Score
Price BDT58.60
GF Value BDT57.11
Valuation Fairly Valued
! 7 Warning Signs
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What is Shahjibazar Power Co Operating Income?

Shahjibazar Power Co DHA:SPCL +1.91% 92 Operating Income is BDT1,275 Mil as of Mar. 2026. GuruFocus rates DHA:SPCL with a GF Score™ of 92/100 and a GF Value™ of BDT57.11 (Fairly Valued). The stock has 7 warning signs investors should review.

Shahjibazar Power Co's Operating Income for the three months ended in Mar. 2026 was BDT325 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was BDT1,275 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Shahjibazar Power Co's Operating Income for the three months ended in Mar. 2026 was BDT325 Mil. Shahjibazar Power Co's Revenue for the three months ended in Mar. 2026 was BDT3,313 Mil. Therefore, Shahjibazar Power Co's Operating Margin % for the quarter that ended in Mar. 2026 was 9.80%.

Warning Sign:

Shahjibazar Power Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -13.2%.

Shahjibazar Power Co's 5-Year average Growth Rate for Operating Margin % was -13.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shahjibazar Power Co's annualized ROC % for the quarter that ended in Mar. 2026 was 8.13%. Shahjibazar Power Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.45%.

Shahjibazar Power Co  (DHA:SPCL) Operating Income Explanation

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

Shahjibazar Power Co'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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1299.18 * ( 1 - 15.74% )/( (13342.191 + 13573.256)/ 2 )
=1094.689068/13457.7235
=8.13 %

where

Invested Capital(Q: Dec. 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))
=16212.617 - 2339.885 - ( 530.541 - max(0, 7621.427 - 9826.836+530.541))
=13342.191

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))
=16644.372 - 2591.69 - ( 479.426 - max(0, 8154.011 - 10279.778+479.426))
=13573.256

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

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

Shahjibazar Power Co'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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1754.956/( ( (3178.306 + max(6804.33, 0)) + (3059.072 + max(7077.953, 0)) )/ 2 )
=1754.956/( ( 9982.636 + 10137.025 )/ 2 )
=1754.956/10059.8305
=17.45 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5266.046 + 2096.279 + 1924.302) - (2339.885 + 0 + 142.412)
=6804.33

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4966.733 + 2630.196 + 2190.786) - (2591.69 + 0 + 118.072)
=7077.953

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Shahjibazar Power Co'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 )
=324.795/3313.148
=9.80 %

* 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.

Shahjibazar Power Co Operating Income Related Terms

Shahjibazar Power Co Operating Income Historical Data

* Premium members only.

The historical data trend for Shahjibazar Power Co'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.

Shahjibazar Power Co Operating Income Chart

Shahjibazar Power Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,363.11 1,105.99 987.38 1,082.37 990.94

Shahjibazar Power Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 189.87 264.26 332.73 352.76 324.80
DHA:SPCL
92GF Score
Shahjibazar Power Co Ltd DHA:SPCL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Shahjibazar Power Co 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 quarterly data reported by the company within the most recent 12 months, which was BDT1,275 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 BDT1,275 Mil mean?
Shahjibazar Power Co (DHA:SPCL) has a Operating Income of BDT1,275 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Shahjibazar Power Co and its competitors.
Is Shahjibazar Power Co's Operating Income too high?
Shahjibazar Power Co's current Operating Income is BDT1,275 Mil. Overall, Shahjibazar Power Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shahjibazar Power Co's Operating Income compare to CEG and VST?
Shahjibazar Power Co's Operating Income of BDT1,275 Mil can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Operating Income depends on the Utilities - Independent Power Producers 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 Shahjibazar Power Co and its competitors. Shahjibazar Power Co's current Operating Income is BDT1,275 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shahjibazar Power Co stock overvalued right now?
Based on GuruFocus' analysis, Shahjibazar Power Co (DHA:SPCL) is currently considered Fairly Valued. The stock's GF Value™ is BDT57.11, compared to a current price of BDT58.60 — trading 2.6% above its estimated fair value. The current Operating Income is BDT1,275 Mil. Shahjibazar Power Co's overall GF Score™ is 92/100 with 7 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 Shahjibazar Power Co (DHA:SPCL), the current Operating Income is BDT1,275 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 Shahjibazar Power Co (DHA:SPCL) Overvalued in 2026?

Based on GuruFocus' analysis, Shahjibazar Power Co stock appears to be overvalued. The current stock price of BDT58.60 is trading 2.6% above its estimated GF Value™ of BDT57.11. GuruFocus considers Shahjibazar Power Co to be Fairly Valued.

Key valuation signals for DHA:SPCL:

  • Operating Income: BDT1,275 Mil
  • GF Value™: BDT57.11 vs. price of BDT58.60 (2.6% above fair value)
  • GF Score™: 92/100 with 7 warning signs

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

Shahjibazar Power Co Business Description

Address 822/2, Rokeya Sarani, Mirpur, Dhaka, BGD, 1216
Shahjibazar Power Co Ltd generates and supplies electricity in Bangladesh. It is engaged in the production and supply of petroleum products like liquid petroleum gas, special boiling point solvent, mineral turpentine, high-speed diesel, octane, kerosene, and fuel gas to the Bangladesh Petroleum Corporation (BPC). It generates revenue from only power generation.
92GF Score

Get the complete analysis for DHA:SPCL

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

BDT58.60
Price
BDT57.11
GF Value