Tandlianwala Sugar Mills (KAR:TSML) Operating Income: ₨4,175 Mil (TTM As of Mar. 2026)

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KAR:TSML Tandlianwala Sugar Mills Ltd KAR:TSML
65 GF Score
Price ₨717.50
GF Value ₨117.82
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Tandlianwala Sugar Mills Operating Income?

Tandlianwala Sugar Mills KAR:TSML +3.15% 65 Operating Income is ₨4,175 Mil as of Mar. 2026. GuruFocus rates KAR:TSML with a GF Score™ of 65/100 and a GF Value™ of ₨117.82 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Tandlianwala Sugar Mills's Operating Income for the three months ended in Mar. 2026 was ₨1,053 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₨4,175 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tandlianwala Sugar Mills's Operating Income for the three months ended in Mar. 2026 was ₨1,053 Mil. Tandlianwala Sugar Mills's Revenue for the three months ended in Mar. 2026 was ₨22,252 Mil. Therefore, Tandlianwala Sugar Mills's Operating Margin % for the quarter that ended in Mar. 2026 was 4.73%.

Good Sign:

Tandlianwala Sugar Mills Ltd operating margin is expanding. Margin expansion is usually a good sign.

Tandlianwala Sugar Mills's 5-Year average Growth Rate for Operating Margin % was 18.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tandlianwala Sugar Mills's annualized ROC % for the quarter that ended in Mar. 2026 was 0.56%. Tandlianwala Sugar Mills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.46%.


Tandlianwala Sugar Mills  (KAR:TSML) Operating Income Explanation

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

Tandlianwala Sugar Mills'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 )
=4212.428 * ( 1 - 94.39% )/( (33603.122 + 50325.897)/ 2 )
=236.3172108/41964.5095
=0.56 %

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))
=40797.024 - 6936.603 - ( 257.299 - max(0, 24509.584 - 26573.107+257.299))
=33603.122

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))
=54491.967 - 3887.579 - ( 278.491 - max(0, 38195.544 - 40284.524+278.491))
=50325.897

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

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

Tandlianwala Sugar Mills'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 )
=4219.072/( ( (13588.468 + max(7688.034, 0)) + (13557.571 + max(27857.438, 0)) )/ 2 )
=4219.072/( ( 21276.502 + 41415.009 )/ 2 )
=4219.072/31345.7555
=13.46 %

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)
=(3.249 + 13281.969 + 1545.63) - (6936.603 + 0 + 206.211)
=7688.034

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43.372 + 26415.925 + 12342.719) - (3887.579 + 0 + 7056.999)
=27857.438

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 %:

Tandlianwala Sugar Mills'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 )
=1053.107/22251.567
=4.73 %

* 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.


Tandlianwala Sugar Mills Operating Income Related Terms


Tandlianwala Sugar Mills Operating Income Historical Data

* Premium members only.

The historical data trend for Tandlianwala Sugar Mills'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.

Tandlianwala Sugar Mills Operating Income Chart

Tandlianwala Sugar Mills Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,187.61 2,596.25 4,320.55 4,772.11 4,543.58

Tandlianwala Sugar Mills 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 1,357.83 871.75 1,256.16 994.48 1,053.11
KAR:TSML
65GF Score
Tandlianwala Sugar Mills Ltd KAR:TSML
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Tandlianwala Sugar Mills 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 ₨4,175 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 ₨4,175 Mil mean?
Tandlianwala Sugar Mills (KAR:TSML) has a Operating Income of ₨4,175 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tandlianwala Sugar Mills and its competitors.
Is Tandlianwala Sugar Mills' Operating Income too high?
Tandlianwala Sugar Mills' current Operating Income is ₨4,175 Mil. Overall, Tandlianwala Sugar Mills has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tandlianwala Sugar Mills' Operating Income compare to MDLZ and HSY?
Tandlianwala Sugar Mills' Operating Income of ₨4,175 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 Tandlianwala Sugar Mills and its competitors. Tandlianwala Sugar Mills's current Operating Income is ₨4,175 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tandlianwala Sugar Mills stock overvalued right now?
Based on GuruFocus' analysis, Tandlianwala Sugar Mills (KAR:TSML) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨117.82, compared to a current price of ₨717.50 — trading 509% above its estimated fair value. The current Operating Income is ₨4,175 Mil. Tandlianwala Sugar Mills' overall GF Score™ is 65/100 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 Tandlianwala Sugar Mills (KAR:TSML), the current Operating Income is ₨4,175 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 Tandlianwala Sugar Mills (KAR:TSML) Overvalued in 2026?

Based on GuruFocus' analysis, Tandlianwala Sugar Mills stock appears to be overvalued. The current stock price of ₨717.50 is trading 509% above its estimated GF Value™ of ₨117.82. GuruFocus considers Tandlianwala Sugar Mills to be Significantly Overvalued.

Key valuation signals for KAR:TSML:

  • Operating Income: ₨4,175 Mil
  • GF Value™: ₨117.82 vs. price of ₨717.50 (509% above fair value)
  • GF Score™: 65/100 with 6 warning signs

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


Tandlianwala Sugar Mills Business Description

Address 66-L, Gulberg-II, Lahore, PB, PAK, 54000
Tandlianwala Sugar Mills Ltd is engaged in the production and sale of white crystalline sugar, ethanol, and other allied by-products. The company operates three sugar mills, two ethanol distilleries, and a carbon Dioxide plant. Its operating segments include the Sugar segment, which involves the production of white sugar and molasses from sugarcane; the Ethanol segment, which focuses on the production of ethanol from molasses; and the Top Gas and other segments, which involve the production of top gas. The majority of the company's revenue is generated from the Sugar segment.
65GF Score

Get the complete analysis for KAR:TSML

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

₨717.50
Price
₨117.82
GF Value