Atam Valves (NSE:ATAM) Operating Income: ₹43.1 Mil (TTM As of Mar. 2026)

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NSE:ATAM Atam Valves Ltd NSE:ATAM
82 GF Score
Price ₹67.98
GF Value ₹116.89
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Atam Valves Operating Income?

Atam Valves NSE:ATAM +0.10% 82 Operating Income is ₹43.1 Mil as of Mar. 2026. GuruFocus rates NSE:ATAM with a GF Score™ of 82/100 and a GF Value™ of ₹116.89 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Atam Valves's Operating Income for the three months ended in Mar. 2026 was ₹14.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹43.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Atam Valves's Operating Income for the three months ended in Mar. 2026 was ₹14.5 Mil. Atam Valves's Revenue for the three months ended in Mar. 2026 was ₹131.0 Mil. Therefore, Atam Valves's Operating Margin % for the quarter that ended in Mar. 2026 was 11.04%.

Good Sign:

Atam Valves Ltd operating margin is expanding. Margin expansion is usually a good sign.

Atam Valves's 5-Year average Growth Rate for Operating Margin % was 1.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Atam Valves's annualized ROC % for the quarter that ended in Mar. 2026 was 7.71%. Atam Valves's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.36%.


Atam Valves  (NSE:ATAM) Operating Income Explanation

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

Atam Valves'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 )
=57.844 * ( 1 - 27.74% )/( (0 + 542.305)/ 1 )
=41.7980744/542.305
=7.71 %

where

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))
=581.122 - 23.688 - ( 15.129 - max(0, 190.949 - 549.416+15.129))
=542.305

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

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

Atam Valves'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 )
=57.912/( ( (0 + max(0, 0)) + (23.734 + max(486.247, 0)) )/ 1 )
=57.912/( ( 0 + 509.981 )/ 1 )
=57.912/509.981
=11.36 %

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)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(161.091 + 317.287 + 55.909) - (23.688 + 0 + 24.352)
=486.247

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 %:

Atam Valves'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 )
=14.461/131.022
=11.04 %

* 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.


Atam Valves Operating Income Related Terms


Atam Valves Operating Income Historical Data

* Premium members only.

The historical data trend for Atam Valves'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.

Atam Valves Operating Income Chart

Atam Valves Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only 22.29 101.93 91.47 93.24 43.13

Atam Valves Quarterly Data
Mar21 Jun21 Sep21 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 31.33 19.26 14.42 -5.01 14.46
NSE:ATAM
82GF Score
Atam Valves Ltd NSE:ATAM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Atam Valves 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 ₹43.1 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 ₹43.1 Mil mean?
Atam Valves (NSE:ATAM) has a Operating Income of ₹43.1 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Atam Valves and its competitors.
Is Atam Valves' Operating Income too high?
Atam Valves' current Operating Income is ₹43.1 Mil. Overall, Atam Valves has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Atam Valves' Operating Income compare to GEV and ETN?
Atam Valves' Operating Income of ₹43.1 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Operating Income depends on the Industrial Products 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 Atam Valves and its competitors. Atam Valves's current Operating Income is ₹43.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atam Valves stock overvalued right now?
Based on GuruFocus' analysis, Atam Valves (NSE:ATAM) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹116.89, compared to a current price of ₹67.98 — trading 41.8% below its estimated fair value. The current Operating Income is ₹43.1 Mil. Atam Valves' overall GF Score™ is 82/100 with 5 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 Atam Valves (NSE:ATAM), the current Operating Income is ₹43.1 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 Atam Valves (NSE:ATAM) Overvalued in 2026?

Based on GuruFocus' analysis, Atam Valves stock appears to be undervalued. The current stock price of ₹67.98 is trading 41.8% below its estimated GF Value™ of ₹116.89. GuruFocus considers Atam Valves to be Significantly Undervalued.

Key valuation signals for NSE:ATAM:

  • Operating Income: ₹43.1 Mil
  • GF Value™: ₹116.89 vs. price of ₹67.98 (41.8% below fair value)
  • GF Score™: 82/100 with 5 warning signs

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


Atam Valves Business Description

Other Exchanges 543236:India
Address 1051, Industrial Area, Jalandhar, PB, IND, 144004
Atam Valves Ltd operates in the single segment of manufacturing and supplying valves, fittings, steam traps, and strainers. The company produces a wide range of valves including gate valves, globe valves, non-return valves, ball valves, butterfly valves, plug valves, parallel slide valves, safety valves, pressure reducing valves, fusible plugs, and water level gauges. Its products serve industrial and domestic applications across sectors such as oil and gas, chemical processing, pharmaceuticals, power plants, marine, food processing, and infrastructure. Atam Valves generates revenue prominently through the sale of these engineered products under its brands.
82GF Score

Get the complete analysis for NSE:ATAM

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

₹67.98
Price
₹116.89
GF Value