Krishna Defence & Allied Industries (NSE:KRISHNADEF) Operating Income: ₹296 Mil (TTM As of Mar. 2026)

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NSE:KRISHNADEF Krishna Defence & Allied Industries Ltd NSE:KRISHNADEF
92 GF Score
Price ₹1,111.60
GF Value ₹1,225.16
Valuation Fairly Valued
! 4 Warning Signs
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What is Krishna Defence & Allied Industries Operating Income?

Krishna Defence & Allied Industries NSE:KRISHNADEF +4.24% 92 Operating Income is ₹296 Mil as of Mar. 2026. GuruFocus rates NSE:KRISHNADEF with a GF Score™ of 92/100 and a GF Value™ of ₹1,225.16 (Fairly Valued). The stock has 4 warning signs investors should review.

Krishna Defence & Allied Industries's Operating Income for the three months ended in Mar. 2026 was ₹166 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹296 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Krishna Defence & Allied Industries's Operating Income for the three months ended in Mar. 2026 was ₹166 Mil. Krishna Defence & Allied Industries's Revenue for the three months ended in Mar. 2026 was ₹588 Mil. Therefore, Krishna Defence & Allied Industries's Operating Margin % for the quarter that ended in Mar. 2026 was 28.30%.

Good Sign:

Krishna Defence & Allied Industries Ltd operating margin is expanding. Margin expansion is usually a good sign.

Krishna Defence & Allied Industries's 5-Year average Growth Rate for Operating Margin % was 13.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Krishna Defence & Allied Industries's annualized ROC % for the quarter that ended in Mar. 2026 was 28.15%. Krishna Defence & Allied Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 84.76%.


Krishna Defence & Allied Industries  (NSE:KRISHNADEF) Operating Income Explanation

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

Krishna Defence & Allied Industries'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 )
=665.52 * ( 1 - 25.72% )/( (0 + 1756.361)/ 1 )
=494.348256/1756.361
=28.15 %

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))
=2171.047 - 119.372 - ( 295.314 - max(0, 223.696 - 892.856+295.314))
=1756.361

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

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

Krishna Defence & Allied Industries'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 )
=666.316/( ( (0 + max(0, 0)) + (395.548 + max(390.542, 0)) )/ 1 )
=666.316/( ( 0 + 786.09 )/ 1 )
=666.316/786.09
=84.76 %

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)
=(346.775 + 163.124 + 87.515) - (119.372 + 0 + 87.5)
=390.542

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 %:

Krishna Defence & Allied Industries'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 )
=166.38/587.86
=28.30 %

* 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.


Krishna Defence & Allied Industries Operating Income Related Terms


Krishna Defence & Allied Industries Operating Income Historical Data

* Premium members only.

The historical data trend for Krishna Defence & Allied Industries'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.

Krishna Defence & Allied Industries Operating Income Chart

Krishna Defence & Allied Industries Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 55.10 72.97 136.42 349.59 496.69

Krishna Defence & Allied Industries Quarterly Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Dec24 Mar25 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 52.03 166.21 0.00 129.17 166.38
NSE:KRISHNADEF
92GF Score
Krishna Defence & Allied Industries Ltd NSE:KRISHNADEF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Krishna Defence & Allied Industries 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 ₹296 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 ₹296 Mil mean?
Krishna Defence & Allied Industries (NSE:KRISHNADEF) has a Operating Income of ₹296 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Krishna Defence & Allied Industries and its competitors.
Is Krishna Defence & Allied Industries' Operating Income too high?
Krishna Defence & Allied Industries' current Operating Income is ₹296 Mil. Overall, Krishna Defence & Allied Industries has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Krishna Defence & Allied Industries' Operating Income compare to GEV and ETN?
Krishna Defence & Allied Industries' Operating Income of ₹296 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 Krishna Defence & Allied Industries and its competitors. Krishna Defence & Allied Industries's current Operating Income is ₹296 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Krishna Defence & Allied Industries stock overvalued right now?
Based on GuruFocus' analysis, Krishna Defence & Allied Industries (NSE:KRISHNADEF) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,225.16, compared to a current price of ₹1,111.60 — trading 9.3% below its estimated fair value. The current Operating Income is ₹296 Mil. Krishna Defence & Allied Industries' overall GF Score™ is 92/100 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 Krishna Defence & Allied Industries (NSE:KRISHNADEF), the current Operating Income is ₹296 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 Krishna Defence & Allied Industries (NSE:KRISHNADEF) Overvalued in 2026?

Based on GuruFocus' analysis, Krishna Defence & Allied Industries stock appears to be undervalued. The current stock price of ₹1,111.60 is trading 9.3% below its estimated GF Value™ of ₹1,225.16. GuruFocus considers Krishna Defence & Allied Industries to be Fairly Valued.

Key valuation signals for NSE:KRISHNADEF:

  • Operating Income: ₹296 Mil
  • GF Value™: ₹1,225.16 vs. price of ₹1,111.60 (9.3% below fair value)
  • GF Score™: 92/100 with 4 warning signs

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


Krishna Defence & Allied Industries Business Description

Address Delisle Road, Ganapatrao Kadam Marg, Office No. 344, Floor-3, Plot-267, A To Z Industrial Estate, Lower Parel (West), Mumbai, MH, IND, 400013
Krishna Defence & Allied Industries Ltd develops, manufactures, and designs defense application products and kitchen and dairy equipment products. It manufactures and offers a wide line of products including Ballast Bricks, Improvised Explosive Device Containment Vessels, Automatic Tyre Killer, Crowd Control Barriers, Bulk milk coolers with thermal storage systems, Cow Grooming Brushes, Daal Cooker, Rice Storage Chute, Stainless Steel Milk Cans, Heat Recovery Unit, Bulk Cooking Equipment like Rice Cauldron, Ship Building Steel section and others. It has two operating reportable segments as Dairy & Kitchen equipment segment and the Defence Products. The company generates maximum revenue from the Defence Products segment.
92GF Score

Get the complete analysis for NSE:KRISHNADEF

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

₹1,111.60
Price
₹1,225.16
GF Value