India Nippon Electricals (NSE:INDNIPPON) Operating Income: ₹1,089 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:INDNIPPON India Nippon Electricals Ltd NSE:INDNIPPON
85 GF Score
Price ₹1,358.90
GF Value ₹1,068.67
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is India Nippon Electricals Operating Income?

India Nippon Electricals NSE:INDNIPPON -0.74% 85 Operating Income is ₹1,089 Mil as of Jun. 2026. GuruFocus rates NSE:INDNIPPON with a GF Score™ of 85/100 and a GF Value™ of ₹1,068.67 (Modestly Overvalued). The stock has 6 warning signs investors should review.

India Nippon Electricals's Operating Income for the three months ended in Jun. 2026 was ₹268 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹1,089 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. India Nippon Electricals's Operating Income for the three months ended in Jun. 2026 was ₹268 Mil. India Nippon Electricals's Revenue for the three months ended in Jun. 2026 was ₹3,045 Mil. Therefore, India Nippon Electricals's Operating Margin % for the quarter that ended in Jun. 2026 was 8.81%.

Good Sign:

India Nippon Electricals Ltd operating margin is expanding. Margin expansion is usually a good sign.

India Nippon Electricals's 5-Year average Growth Rate for Operating Margin % was 6.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. India Nippon Electricals's annualized ROC % for the quarter that ended in Jun. 2026 was 11.39%. India Nippon Electricals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 45.62%.


India Nippon Electricals  (NSE:INDNIPPON) Operating Income Explanation

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

India Nippon Electricals's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=1072.8 * ( 1 - 22.42% )/( (7304.3 + 0)/ 1 )
=832.27824/7304.3
=11.39 %

where

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

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

India Nippon Electricals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1396.8/( ( (1827.4 + max(1234.2, 0)) + (0 + max(0, 0)) )/ 1 )
=1396.8/( ( 3061.6 + 0 )/ 1 )
=1396.8/3061.6
=45.62 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2064.6 + 909.1 + 190.8) - (1691.1 + 0 + 239.2)
=1234.2

Working Capital(Q: Jun. 2026 )
=(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 (Jun. 2026) EBIT data.

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

India Nippon Electricals's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=268.2/3044.8
=8.81 %

* 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.


India Nippon Electricals Operating Income Related Terms


India Nippon Electricals Operating Income Historical Data

* Premium members only.

The historical data trend for India Nippon Electricals'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.

India Nippon Electricals Operating Income Chart

India Nippon Electricals Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 367.40 416.70 521.20 733.50 1,007.10

India Nippon Electricals Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 186.50 252.60 248.70 319.40 268.20
NSE:INDNIPPON
85GF Score
India Nippon Electricals Ltd NSE:INDNIPPON
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

India Nippon Electricals 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹1,089 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 ₹1,089 Mil mean?
India Nippon Electricals (NSE:INDNIPPON) has a Operating Income of ₹1,089 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on India Nippon Electricals and its competitors.
Is India Nippon Electricals' Operating Income too high?
India Nippon Electricals' current Operating Income is ₹1,089 Mil. Overall, India Nippon Electricals has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does India Nippon Electricals' Operating Income compare to ORLY and AZO?
India Nippon Electricals' Operating Income of ₹1,089 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts 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 India Nippon Electricals and its competitors. India Nippon Electricals's current Operating Income is ₹1,089 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is India Nippon Electricals stock overvalued right now?
Based on GuruFocus' analysis, India Nippon Electricals (NSE:INDNIPPON) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,068.67, compared to a current price of ₹1,358.90 — trading 27.2% above its estimated fair value. The current Operating Income is ₹1,089 Mil. India Nippon Electricals' overall GF Score™ is 85/100 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 India Nippon Electricals (NSE:INDNIPPON), the current Operating Income is ₹1,089 Mil as of Jun. 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 India Nippon Electricals (NSE:INDNIPPON) Overvalued in 2026?

Based on GuruFocus' analysis, India Nippon Electricals stock appears to be overvalued. The current stock price of ₹1,358.90 is trading 27.2% above its estimated GF Value™ of ₹1,068.67. GuruFocus considers India Nippon Electricals to be Modestly Overvalued.

Key valuation signals for NSE:INDNIPPON:

  • Operating Income: ₹1,089 Mil
  • GF Value™: ₹1,068.67 vs. price of ₹1,358.90 (27.2% above fair value)
  • GF Score™: 85/100 with 6 warning signs

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


India Nippon Electricals Business Description

Other Exchanges 532240:India
Address No. 11 and 13, Patullos Road, Chennai, TN, IND, 600002
India Nippon Electricals Ltd is an India-based company that engages in the business of manufacturing electronic ignition systems for two-wheelers, three-wheelers, and portable engines. The company offers AC generator products, such as flywheel magneto, stator, rotor products, regulator and rectifier units, ignition coils, exhaust gas recirculation controllers, engine controller units, auto choke-generation purpose engines, dual output ignition products, non-contact and contact type throttle position sensors, and PM alternators. Geographically, it derives a majority of its revenue from India.
85GF Score

Get the complete analysis for NSE:INDNIPPON

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

₹1,358.90
Price
₹1,068.67
GF Value