Indo Tech Transformers (NSE:INDOTECH) Operating Income: ₹1,155 Mil (TTM As of Mar. 2026)

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NSE:INDOTECH Indo Tech Transformers Ltd NSE:INDOTECH
74 GF Score
Price ₹3,470.70
GF Value ₹2,184.84
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Indo Tech Transformers Operating Income?

Indo Tech Transformers NSE:INDOTECH +0.49% 74 Operating Income is ₹1,155 Mil as of Mar. 2026. GuruFocus rates NSE:INDOTECH with a GF Score™ of 74/100 and a GF Value™ of ₹2,184.84 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Indo Tech Transformers's Operating Income for the three months ended in Mar. 2026 was ₹311 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹1,155 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Indo Tech Transformers's Operating Income for the three months ended in Mar. 2026 was ₹311 Mil. Indo Tech Transformers's Revenue for the three months ended in Mar. 2026 was ₹2,390 Mil. Therefore, Indo Tech Transformers's Operating Margin % for the quarter that ended in Mar. 2026 was 13.00%.

Good Sign:

Indo Tech Transformers Ltd operating margin is expanding. Margin expansion is usually a good sign.

Indo Tech Transformers's 5-Year average Growth Rate for Operating Margin % was 33.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Indo Tech Transformers's annualized ROC % for the quarter that ended in Mar. 2026 was 24.58%. Indo Tech Transformers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 52.74%.


Indo Tech Transformers  (NSE:INDOTECH) Operating Income Explanation

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

Indo Tech Transformers'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 )
=1242.8 * ( 1 - 24.95% )/( (0 + 3795.4)/ 1 )
=932.7214/3795.4
=24.58 %

where

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

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

Indo Tech Transformers'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 )
=1295.2/( ( (0 + max(0, 0)) + (853.3 + max(1602.5, 0)) )/ 1 )
=1295.2/( ( 0 + 2455.8 )/ 1 )
=1295.2/2455.8
=52.74 %

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)
=(1209.9 + 1965.8 + 123.3) - (602.7 + 0 + 1093.8)
=1602.5

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 %:

Indo Tech Transformers'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 )
=310.7/2389.9
=13.00 %

* 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.


Indo Tech Transformers Operating Income Related Terms


Indo Tech Transformers Operating Income Historical Data

* Premium members only.

The historical data trend for Indo Tech Transformers'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.

Indo Tech Transformers Operating Income Chart

Indo Tech Transformers 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 176.09 318.42 787.91 716.60 1,154.90

Indo Tech Transformers Quarterly Data
Jun21 Sep21 Dec21 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 195.30 228.80 297.60 317.80 310.70
NSE:INDOTECH
74GF Score
Indo Tech Transformers Ltd NSE:INDOTECH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Indo Tech Transformers 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 ₹1,155 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 ₹1,155 Mil mean?
Indo Tech Transformers (NSE:INDOTECH) has a Operating Income of ₹1,155 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Indo Tech Transformers and its competitors.
Is Indo Tech Transformers' Operating Income too high?
Indo Tech Transformers' current Operating Income is ₹1,155 Mil. Overall, Indo Tech Transformers has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indo Tech Transformers' Operating Income compare to VRT and BE?
Indo Tech Transformers' Operating Income of ₹1,155 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 Indo Tech Transformers and its competitors. Indo Tech Transformers's current Operating Income is ₹1,155 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Tech Transformers stock overvalued right now?
Based on GuruFocus' analysis, Indo Tech Transformers (NSE:INDOTECH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹2,184.84, compared to a current price of ₹3,470.70 — trading 58.9% above its estimated fair value. The current Operating Income is ₹1,155 Mil. Indo Tech Transformers' overall GF Score™ is 74/100 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 Indo Tech Transformers (NSE:INDOTECH), the current Operating Income is ₹1,155 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 Indo Tech Transformers (NSE:INDOTECH) Overvalued in 2026?

Based on GuruFocus' analysis, Indo Tech Transformers stock appears to be overvalued. The current stock price of ₹3,470.70 is trading 58.9% above its estimated GF Value™ of ₹2,184.84. GuruFocus considers Indo Tech Transformers to be Significantly Overvalued.

Key valuation signals for NSE:INDOTECH:

  • Operating Income: ₹1,155 Mil
  • GF Value™: ₹2,184.84 vs. price of ₹3,470.70 (58.9% above fair value)
  • GF Score™: 74/100 with 4 warning signs

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


Indo Tech Transformers Business Description

Other Exchanges 532717:India
Address Survey No.153-210, Near Rajakulam, KM-64, Illuppapattu Village, Kancheepuram, TN, IND, 631561
Indo Tech Transformers Ltd is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile sub-station transformers, and various special application transformers, mobile sub-station transformers and sub-stations. The Company has its manufacturing plant located at Kancheepuram in Tamil Nadu. The majority of the geographical revenue of the company is generated in India.
74GF Score

Get the complete analysis for NSE:INDOTECH

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

₹3,470.70
Price
₹2,184.84
GF Value