Maple Leaf Cement Factory (KAR:MLCF) Operating Income: ₨18,288 Mil (TTM As of Mar. 2026)

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KAR:MLCF Maple Leaf Cement Factory Ltd KAR:MLCF
81 GF Score
Price ₨95.67
GF Value ₨56.77
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Maple Leaf Cement Factory Operating Income?

Maple Leaf Cement Factory KAR:MLCF -1.28% 81 Operating Income is ₨18,288 Mil as of Mar. 2026. GuruFocus rates KAR:MLCF with a GF Score™ of 81/100 and a GF Value™ of ₨56.77 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Maple Leaf Cement Factory's Operating Income for the three months ended in Mar. 2026 was ₨5,106 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₨18,288 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Maple Leaf Cement Factory's Operating Income for the three months ended in Mar. 2026 was ₨5,106 Mil. Maple Leaf Cement Factory's Revenue for the three months ended in Mar. 2026 was ₨21,545 Mil. Therefore, Maple Leaf Cement Factory's Operating Margin % for the quarter that ended in Mar. 2026 was 23.70%.

Maple Leaf Cement Factory'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. Maple Leaf Cement Factory's annualized ROC % for the quarter that ended in Mar. 2026 was 8.91%. Maple Leaf Cement Factory's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.43%.


Maple Leaf Cement Factory  (KAR:MLCF) Operating Income Explanation

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

Maple Leaf Cement Factory'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 )
=20422.98 * ( 1 - 33.86% )/( (96542.474 + 206646.166)/ 2 )
=13507.758972/151594.32
=8.91 %

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))
=128679.108 - 17540.641 - ( 16035.01 - max(0, 24898.424 - 39494.417+16035.01))
=96542.474

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))
=249270.094 - 29031.258 - ( 19106.759 - max(0, 43147.433 - 56740.103+19106.759))
=206646.166

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

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

Maple Leaf Cement Factory'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 )
=18150.088/( ( (73488.033 + max(795.975, 0)) + (145229.63 + max(1424.258, 0)) )/ 2 )
=18150.088/( ( 74284.008 + 146653.888 )/ 2 )
=18150.088/110468.948
=16.43 %

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)
=(3521.979 + 17181.138 + 869.867) - (17540.641 + 0 + 3236.368)
=795.975

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5139.514 + 27383.661 + 2160.854) - (29031.258 + 0 + 4228.513)
=1424.258

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 %:

Maple Leaf Cement Factory'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 )
=5105.745/21545.015
=23.70 %

* 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.


Maple Leaf Cement Factory Operating Income Related Terms


Maple Leaf Cement Factory Operating Income Historical Data

* Premium members only.

The historical data trend for Maple Leaf Cement Factory'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.

Maple Leaf Cement Factory Operating Income Chart

Maple Leaf Cement Factory 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 6,174.32 10,244.19 13,833.22 14,325.23 17,764.33

Maple Leaf Cement Factory 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 4,593.40 4,281.62 3,998.37 4,902.54 5,105.75
KAR:MLCF
81GF Score
Maple Leaf Cement Factory Ltd KAR:MLCF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Maple Leaf Cement Factory 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 ₨18,288 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 ₨18,288 Mil mean?
Maple Leaf Cement Factory (KAR:MLCF) has a Operating Income of ₨18,288 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Maple Leaf Cement Factory and its competitors.
Is Maple Leaf Cement Factory's Operating Income too high?
Maple Leaf Cement Factory's current Operating Income is ₨18,288 Mil. Overall, Maple Leaf Cement Factory has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Maple Leaf Cement Factory's Operating Income compare to CRH and VMC?
Maple Leaf Cement Factory's Operating Income of ₨18,288 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Operating Income depends on the Building Materials 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 Maple Leaf Cement Factory and its competitors. Maple Leaf Cement Factory's current Operating Income is ₨18,288 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maple Leaf Cement Factory stock overvalued right now?
Based on GuruFocus' analysis, Maple Leaf Cement Factory (KAR:MLCF) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨56.77, compared to a current price of ₨95.67 — trading 68.5% above its estimated fair value. The current Operating Income is ₨18,288 Mil. Maple Leaf Cement Factory's overall GF Score™ is 81/100 with 2 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 Maple Leaf Cement Factory (KAR:MLCF), the current Operating Income is ₨18,288 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 Maple Leaf Cement Factory (KAR:MLCF) Overvalued in 2026?

Based on GuruFocus' analysis, Maple Leaf Cement Factory stock appears to be overvalued. The current stock price of ₨95.67 is trading 68.5% above its estimated GF Value™ of ₨56.77. GuruFocus considers Maple Leaf Cement Factory to be Significantly Overvalued.

Key valuation signals for KAR:MLCF:

  • Operating Income: ₨18,288 Mil
  • GF Value™: ₨56.77 vs. price of ₨95.67 (68.5% above fair value)
  • GF Score™: 81/100 with 2 warning signs

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


Maple Leaf Cement Factory Business Description

Address 42-Lawrence Road, Lahore, PB, PAK
Maple Leaf Cement Factory Ltd is engaged in the business of manufacturing and sale of cement. Geographically, it derives majority of its revenue from Asia and has a presence in Africa. Its product offering includes various types of cement such as sulfate resistant cement, low alkali cement, white cement, wall coat cement, and ordinary Portland cement.
81GF Score

Get the complete analysis for KAR:MLCF

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

₨95.67
Price
₨56.77
GF Value