Elitecon International (NSE:ELITECON) Operating Income: ₹3,978 Mil (TTM As of Dec. 2025)

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NSE:ELITECON Elitecon International Ltd NSE:ELITECON
47 GF Score
Price ₹16.79
GF Value ₹2.11
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Elitecon International Operating Income?

Elitecon International NSE:ELITECON -0.36% 47 Operating Income is ₹3,978 Mil as of Dec. 2025. GuruFocus rates NSE:ELITECON with a GF Score™ of 47/100 and a GF Value™ of ₹2.11 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Elitecon International's Operating Income for the three months ended in Dec. 2025 was ₹1,315 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was ₹3,978 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Elitecon International's Operating Income for the three months ended in Dec. 2025 was ₹1,315 Mil. Elitecon International's Revenue for the three months ended in Dec. 2025 was ₹17,413 Mil. Therefore, Elitecon International's Operating Margin % for the quarter that ended in Dec. 2025 was 7.55%.

Elitecon International'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. Elitecon International's annualized ROC % for the quarter that ended in Dec. 2025 was 36.20%. Elitecon International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 125.27%.


Elitecon International  (NSE:ELITECON) Operating Income Explanation

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

Elitecon International's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=5261.516 * ( 1 - 14.4% )/( (12441.793 + 0)/ 1 )
=4503.857696/12441.793
=36.20 %

where

Invested Capital(Q: Sep. 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))
=19092.526 - 4260.942 - ( 2389.791 - max(0, 12633.149 - 17927.834+2389.791))
=12441.793

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Elitecon International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5569.936/( ( (1090.478 + max(3355.809, 0)) + (0 + max(0, 0)) )/ 1 )
=5569.936/( ( 4446.287 + 0 )/ 1 )
=5569.936/4446.287
=125.27 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11541.037 + 1331.965 + 501.766) - (4260.942 + 0 + 5758.017)
=3355.809

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

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Elitecon International's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=1315.379/17412.606
=7.55 %

* 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.


Elitecon International Operating Income Related Terms


Elitecon International Operating Income Historical Data

* Premium members only.

The historical data trend for Elitecon International'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.

Elitecon International Operating Income Chart

Elitecon International Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.27 6.28 -782.17 59.88 672.05

Elitecon International Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 126.12 423.62 728.60 1,510.72 1,315.38
NSE:ELITECON
47GF Score
Elitecon International Ltd NSE:ELITECON
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elitecon International 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹3,978 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 ₹3,978 Mil mean?
Elitecon International (NSE:ELITECON) has a Operating Income of ₹3,978 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Elitecon International and its competitors.
Is Elitecon International's Operating Income too high?
Elitecon International's current Operating Income is ₹3,978 Mil. Overall, Elitecon International has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elitecon International's Operating Income compare to ?
Elitecon International's Operating Income of ₹3,978 Mil can be compared against companies in the Tobacco 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 a Tobacco Products company?
A good Operating Income depends on the Tobacco 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 Elitecon International and its competitors. Elitecon International's current Operating Income is ₹3,978 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elitecon International stock overvalued right now?
Based on GuruFocus' analysis, Elitecon International (NSE:ELITECON) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹2.11, compared to a current price of ₹16.79 — trading 695.7% above its estimated fair value. The current Operating Income is ₹3,978 Mil. Elitecon International's overall GF Score™ is 47/100 with 3 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 Elitecon International (NSE:ELITECON), the current Operating Income is ₹3,978 Mil as of Dec. 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.

Is Elitecon International (NSE:ELITECON) Overvalued in 2026?

Based on GuruFocus' analysis, Elitecon International stock appears to be overvalued. The current stock price of ₹16.79 is trading 695.7% above its estimated GF Value™ of ₹2.11. GuruFocus considers Elitecon International to be Significantly Overvalued.

Key valuation signals for NSE:ELITECON:

  • Operating Income: ₹3,978 Mil
  • GF Value™: ₹2.11 vs. price of ₹16.79 (695.7% above fair value)
  • GF Score™: 47/100 with 3 warning signs

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


Elitecon International Business Description

Comparable Companies
Other Exchanges 539533:India
Address NH-19, CRRI, AltF 101, TR-442, Okhla - 4th Floor, 101, Ishwar Nagar, Okhla, Tugalkabad, South Delhi, Delhi, IND, 110044
Elitecon International Ltd operates in the manufacturing and trading of tobacco products including cigarettes, smoking mixtures, and sheesha. The company serves both domestic and international markets, with notable exports to regions such as the Middle East, Asia, and Europe. Elitecon has expanded its portfolio to include fast-moving consumer goods (FMCG), with upcoming plans to introduce products like snacks, edible oils, and other essentials. Its revenue is generated majorly through the sale of tobacco-based products and FMCG items, supported by a manufacturing infrastructure focused on innovation and sustainability. The company has two reportable segments, "tobacco and allied products" and "Agro Commodities".
47GF Score

Get the complete analysis for NSE:ELITECON

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

₹16.79
Price
₹2.11
GF Value