Australian Premium Solar (India) (NSE:APS) Operating Income: ₹529 Mil (TTM As of Mar. 2025)

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NSE:APS Australian Premium Solar (India) Ltd NSE:APS
18 GF Score
Price ₹266.00
! 1 Warning Sign
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What is Australian Premium Solar (India) Operating Income?

Australian Premium Solar (India) NSE:APS -1.83% 18 Operating Income is ₹529 Mil as of Mar. 2025. GuruFocus rates NSE:APS with a GF Score™ of 18/100. The stock has 1 warning sign investors should review.

Australian Premium Solar (India)'s Operating Income for the six months ended in Mar. 2025 was ₹529 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was ₹529 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Australian Premium Solar (India)'s Operating Income for the six months ended in Mar. 2025 was ₹529 Mil. Australian Premium Solar (India)'s Revenue for the six months ended in Mar. 2025 was ₹4,389 Mil. Therefore, Australian Premium Solar (India)'s Operating Margin % for the quarter that ended in Mar. 2025 was 12.06%.

Australian Premium Solar (India)'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. Australian Premium Solar (India)'s annualized ROC % for the quarter that ended in Mar. 2025 was 57.97%. Australian Premium Solar (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 114.84%.

Australian Premium Solar (India)  (NSE:APS) Operating Income Explanation

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

Australian Premium Solar (India)'s annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=529.392 * ( 1 - 25.23% )/( (430.547 + 935.123)/ 2 )
=395.8263984/682.835
=57.97 %

where

Invested Capital(Q: Mar. 2024 )
=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))
=803.754 - 167.092 - ( 206.115 - max(0, 217.4 - 612.218+206.115))
=430.547

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))
=2115.246 - 877.984 - ( 302.139 - max(0, 1136.5 - 1813.66+302.139))
=935.123

Note: The Operating Income data used here is one times the annual (Mar. 2025) data.

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

Australian Premium Solar (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=543.968/( ( (191.536 + max(136.995, 0)) + (301.566 + max(317.22, 0)) )/ 2 )
=543.968/( ( 328.531 + 618.786 )/ 2 )
=543.968/473.6585
=114.84 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(164.661 + 42.7 + 143.604) - (167.092 + 0 + 46.878)
=136.995

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(428.297 + 509.642 + 507.446) - (877.984 + 0 + 250.181)
=317.22

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2025) EBIT data.

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

Australian Premium Solar (India)'s Operating Margin % for the quarter that ended in Mar. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2025 )/Revenue (Q: Mar. 2025 )
=529.392/4388.774
=12.06 %

* 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.

Australian Premium Solar (India) Operating Income Related Terms

Australian Premium Solar (India) Operating Income Historical Data

* Premium members only.

The historical data trend for Australian Premium Solar (India)'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.

Australian Premium Solar (India) Operating Income Chart

Australian Premium Solar (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Operating Income
23.90 37.60 52.65 82.21 529.39

Australian Premium Solar (India) Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Operating Income 23.90 37.60 52.65 82.21 529.39
NSE:APS
18GF Score
Australian Premium Solar (India) Ltd NSE:APS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Australian Premium Solar (India) 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. 2025 was ₹529 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 ₹529 Mil mean?
Australian Premium Solar (India) (NSE:APS) has a Operating Income of ₹529 Mil as of Mar. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Australian Premium Solar (India) and its competitors.
Is Australian Premium Solar (India)'s Operating Income too high?
Australian Premium Solar (India)'s current Operating Income is ₹529 Mil. Overall, Australian Premium Solar (India) has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Australian Premium Solar (India)'s Operating Income compare to FSLR and NXT?
Australian Premium Solar (India)'s Operating Income of ₹529 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Operating Income depends on the Semiconductors 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 Australian Premium Solar (India) and its competitors. Australian Premium Solar (India)'s current Operating Income is ₹529 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australian Premium Solar (India) stock overvalued right now?
Australian Premium Solar (India) (NSE:APS) has a current Operating Income of ₹529 Mil. The current Operating Income is ₹529 Mil. Australian Premium Solar (India)'s overall GF Score™ is 18/100 with 1 warning sign 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 Australian Premium Solar (India) (NSE:APS), the current Operating Income is ₹529 Mil as of Mar. 2025. 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.

Australian Premium Solar (India) Business Description

Address Science City Road, 301, 3rd floor, Satyamev Eminence, Nr. Shukan Mall, Ahmedabad, GJ, IND, 380060
Australian Premium Solar (India) Ltd is engaged in the manufacturing of solar panels and EPC services for solar systems. It manufactures two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) N-Type TopCon. It also provides installation services for solar panels and solar pumps. The majority of the revenue is generated from the manufacturing of solar panels.
18GF 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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