EPW India (NSE:EPWINDIA) Operating Income: ₹160 Mil (TTM As of Mar. 2026)

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NSE:EPWINDIA EPW India Ltd NSE:EPWINDIA
18 GF Score
Price ₹231.75
! 4 Warning Signs
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What is EPW India Operating Income?

EPW India NSE:EPWINDIA -4.98% 18 Operating Income is ₹160 Mil as of Mar. 2026. GuruFocus rates NSE:EPWINDIA with a GF Score™ of 18/100. The stock has 4 warning signs investors should review.

EPW India's Operating Income for the six months ended in Mar. 2026 was ₹97 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹160 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. EPW India's Operating Income for the six months ended in Mar. 2026 was ₹97 Mil. EPW India's Revenue for the six months ended in Mar. 2026 was ₹634 Mil. Therefore, EPW India's Operating Margin % for the quarter that ended in Mar. 2026 was 15.25%.

EPW 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. EPW India's annualized ROC % for the quarter that ended in Mar. 2026 was 30.96%. EPW India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 54.28%.


EPW India  (NSE:EPWINDIA) Operating Income Explanation

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

EPW India'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=193.472 * ( 1 - 30.1% )/( (286.473 + 587.029)/ 2 )
=135.236928/436.751
=30.96 %

where

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

EPW India'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=194.26/( ( (6.641 + max(249.845, 0)) + (64.565 + max(394.663, 0)) )/ 2 )
=194.26/( ( 256.486 + 459.228 )/ 2 )
=194.26/357.857
=54.28 %

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)
=(145.321 + 239.927 + 26.903) - (133.406 + 0 + 28.9)
=249.845

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(369.503 + 242.263 + 0.125) - (114.95 + 0 + 102.278)
=394.663

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

EPW India'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 )
=96.736/634.328
=15.25 %

* 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.


EPW India Operating Income Related Terms


EPW India Operating Income Historical Data

* Premium members only.

The historical data trend for EPW 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.

EPW India Operating Income Chart

EPW India Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Operating Income
0.88 10.01 59.95 160.50

EPW India Semi-Annual Data
Mar23 Mar24 Mar25 Sep25 Mar26
Operating Income 0.00 0.00 37.59 63.14 96.74
NSE:EPWINDIA
18GF Score
EPW India Ltd NSE:EPWINDIA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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EPW 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.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹160 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 ₹160 Mil mean?
EPW India (NSE:EPWINDIA) has a Operating Income of ₹160 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on EPW India and its competitors.
Is EPW India's Operating Income too high?
EPW India's current Operating Income is ₹160 Mil. Overall, EPW India has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does EPW India's Operating Income compare to SNX and ARW?
EPW India's Operating Income of ₹160 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 EPW India and its competitors. EPW India's current Operating Income is ₹160 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EPW India stock overvalued right now?
EPW India (NSE:EPWINDIA) has a current Operating Income of ₹160 Mil. The current Operating Income is ₹160 Mil. EPW India's overall GF Score™ is 18/100 with 4 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 EPW India (NSE:EPWINDIA), the current Operating Income is ₹160 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.

EPW India Business Description

Address Shop No. 131 & 132, Ground Floor, C-Block Chenoy Trade Center, Parklane, Secunderabad, Hyderabad, TG, IND, 500003
EPW India Ltd is an IT electronics refurbishing business that supplies refurbished electronic products through both direct-to-consumer and business-to-business channels. Its operations cover the end-to-end reverse supply chain for IT assets, including the procurement of used devices, refurbishment to resale condition, and distribution to end users. The product portfolio includes laptops, desktops, Chromebooks, monitors, and related accessories, which are sold through company-operated retail outlets and an online platform. The company generates revenue from sales of refurbished laptops, desktops, monitors, accessories and new IT products (laptops, desktops, etc.).
18GF Score

Get the complete analysis for NSE:EPWINDIA

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

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