Saif Power (KAR:SPWL) Operating Income: ₨-213 Mil (TTM As of Mar. 2026)

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KAR:SPWL Saif Power Ltd KAR:SPWL
72 GF Score
Price ₨9.05
GF Value ₨8.61
Valuation Fairly Valued
! 6 Warning Signs
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What is Saif Power Operating Income?

Saif Power KAR:SPWL -0.55% 72 Operating Income is ₨-213 Mil as of Mar. 2026. GuruFocus rates KAR:SPWL with a GF Score™ of 72/100 and a GF Value™ of ₨8.61 (Fairly Valued). The stock has 6 warning signs investors should review.

Saif Power's Operating Income for the three months ended in Mar. 2026 was ₨32 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₨-213 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Saif Power's Operating Income for the three months ended in Mar. 2026 was ₨32 Mil. Saif Power's Revenue for the three months ended in Mar. 2026 was ₨794 Mil. Therefore, Saif Power's Operating Margin % for the quarter that ended in Mar. 2026 was 4.04%.

Saif Power'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. Saif Power's annualized ROC % for the quarter that ended in Mar. 2026 was 0.85%. Saif Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.69%.


Saif Power  (KAR:SPWL) Operating Income Explanation

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

Saif Power'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 )
=128.208 * ( 1 - 0% )/( (15006.491 + 15054.195)/ 2 )
=128.208/15030.343
=0.85 %

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))
=17138.812 - 2008.147 - ( 629.957 - max(0, 6055.867 - 6180.041+629.957))
=15006.491

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))
=17389.189 - 1996.903 - ( 387.706 - max(0, 6248.824 - 6586.915+387.706))
=15054.195

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

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

Saif Power'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 )
=678.524/( ( (9674.454 + max(1998.663, 0)) + (9517.956 + max(2651.707, 0)) )/ 2 )
=678.524/( ( 11673.117 + 12169.663 )/ 2 )
=678.524/11921.39
=5.69 %

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)
=(2496.463 + 399.9 + 1149.843) - (2008.147 + 0 + 39.396000000001)
=1998.663

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3136.402 + 399.9 + 1112.308) - (1996.903 + 0 + -9.0949470177293E-13)
=2651.707

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 %:

Saif Power'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 )
=32.052/794.144
=4.04 %

* 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.


Saif Power Operating Income Related Terms


Saif Power Operating Income Historical Data

* Premium members only.

The historical data trend for Saif Power'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.

Saif Power Operating Income Chart

Saif Power Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,726.82 3,291.36 2,579.16 -632.25 -31.23

Saif Power 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 -7.72 -62.99 -33.74 -148.18 32.05
KAR:SPWL
72GF Score
Saif Power Ltd KAR:SPWL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Saif Power 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 ₨-213 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 ₨-213 Mil mean?
Saif Power (KAR:SPWL) has a Operating Income of ₨-213 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Saif Power and its competitors.
Is Saif Power's Operating Income too high?
Saif Power's current Operating Income is ₨-213 Mil. Overall, Saif Power has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saif Power's Operating Income compare to CEG and VST?
Saif Power's Operating Income of ₨-213 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 Saif Power and its competitors. Saif Power's current Operating Income is ₨-213 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saif Power stock overvalued right now?
Based on GuruFocus' analysis, Saif Power (KAR:SPWL) is currently considered Fairly Valued. The stock's GF Value™ is ₨8.61, compared to a current price of ₨9.05 — trading 5.1% above its estimated fair value. The current Operating Income is ₨-213 Mil. Saif Power's overall GF Score™ is 72/100 with 6 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 Saif Power (KAR:SPWL), the current Operating Income is ₨-213 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 Saif Power (KAR:SPWL) Overvalued in 2026?

Based on GuruFocus' analysis, Saif Power stock appears to be overvalued. The current stock price of ₨9.05 is trading 5.1% above its estimated GF Value™ of ₨8.61. GuruFocus considers Saif Power to be Fairly Valued.

Key valuation signals for KAR:SPWL:

  • Operating Income: ₨-213 Mil
  • GF Value™: ₨8.61 vs. price of ₨9.05 (5.1% above fair value)
  • GF Score™: 72/100 with 6 warning signs

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


Saif Power Business Description

Address Fazal-ul-Haq Road, Block E, 1st Floor, Kashmir Commercial Complex, Blue Area, Islamabad, PB, PAK
Saif Power Ltd is an independent power producer based in Pakistan. Its principal activities are to own, operate and maintain a combined cycle power plant and sell the electricity to Central Power Purchasing Agency Guarantee (CPPA-G).
72GF Score

Get the complete analysis for KAR:SPWL

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

₨9.05
Price
₨8.61
GF Value