Mos Utility (NSE:MOS) Operating Income: ₹224 Mil (TTM As of Mar. 2026)

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NSE:MOS Mos Utility Ltd NSE:MOS
79 GF Score
Price ₹13.85
GF Value ₹55.41
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Mos Utility Operating Income?

Mos Utility NSE:MOS -4.81% 79 Operating Income is ₹224 Mil as of Mar. 2026. GuruFocus rates NSE:MOS with a GF Score™ of 79/100 and a GF Value™ of ₹55.41 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Mos Utility's Operating Income for the six months ended in Mar. 2026 was ₹120 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹224 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mos Utility's Operating Income for the six months ended in Mar. 2026 was ₹120 Mil. Mos Utility's Revenue for the six months ended in Mar. 2026 was ₹3,194 Mil. Therefore, Mos Utility's Operating Margin % for the quarter that ended in Mar. 2026 was 3.76%.

Mos Utility'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. Mos Utility's annualized ROC % for the quarter that ended in Mar. 2026 was 11.59%. Mos Utility's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 59.88%.


Mos Utility  (NSE:MOS) Operating Income Explanation

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

Mos Utility'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 )
=240.438 * ( 1 - 27.08% )/( (1453.525 + 1570.918)/ 2 )
=175.3273896/1512.2215
=11.59 %

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))
=1917.43 - 201.615 - ( 262.29 - max(0, 860.604 - 1324.886+262.29))
=1453.525

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))
=2189.025 - 214.5 - ( 479.821 - max(0, 1049.498 - 1453.105+479.821))
=1570.918

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:

Mos Utility'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 )
=297.058/( ( (94.455 + max(345.081, 0)) + (77.534 + max(475.106, 0)) )/ 2 )
=297.058/( ( 439.536 + 552.64 )/ 2 )
=297.058/496.088
=59.88 %

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)
=(52.854 + 157.126 + 522.313) - (201.615 + 0 + 185.597)
=345.081

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(336.315 + 177.282 + 314.291) - (214.5 + 0 + 138.282)
=475.106

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 %:

Mos Utility'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 )
=120.219/3194.307
=3.76 %

* 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.


Mos Utility Operating Income Related Terms


Mos Utility Operating Income Historical Data

* Premium members only.

The historical data trend for Mos Utility'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.

Mos Utility Operating Income Chart

Mos Utility Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial -7.63 41.44 101.76 165.65 223.98

Mos Utility Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 76.95 55.56 110.09 103.76 120.22
NSE:MOS
79GF Score
Mos Utility Ltd NSE:MOS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mos Utility 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 ₹224 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 ₹224 Mil mean?
Mos Utility (NSE:MOS) has a Operating Income of ₹224 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mos Utility and its competitors.
Is Mos Utility's Operating Income too high?
Mos Utility's current Operating Income is ₹224 Mil. Overall, Mos Utility has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mos Utility's Operating Income compare to MSFT and ORCL?
Mos Utility's Operating Income of ₹224 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 Mos Utility and its competitors. Mos Utility's current Operating Income is ₹224 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mos Utility stock overvalued right now?
Based on GuruFocus' analysis, Mos Utility (NSE:MOS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹55.41, compared to a current price of ₹13.85 — trading 75% below its estimated fair value. The current Operating Income is ₹224 Mil. Mos Utility's overall GF Score™ is 79/100 with 5 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 Mos Utility (NSE:MOS), the current Operating Income is ₹224 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 Mos Utility (NSE:MOS) Overvalued in 2026?

Based on GuruFocus' analysis, Mos Utility stock appears to be undervalued. The current stock price of ₹13.85 is trading 75% below its estimated GF Value™ of ₹55.41. GuruFocus considers Mos Utility to be Significantly Undervalued.

Key valuation signals for NSE:MOS:

  • Operating Income: ₹224 Mil
  • GF Value™: ₹55.41 vs. price of ₹13.85 (75% below fair value)
  • GF Score™: 79/100 with 5 warning signs

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


Mos Utility Business Description

Address Goregaon-Mulund Link Road, 12th Floor, Atul First Avenue Building, Above Kia Motors Showroom, Malad West, Mumbai, MH, IND, 400064
Mos Utility Ltd provides digital products and services in the B2C, B2B, and financial technology fields through an integrated business model. The company provides business opportunities for E-commerce, Banking, financial, travel & utility services. The company recognises revenue from the sale of Adhar Enabled Payment System and Micro ATM devices.
79GF Score

Get the complete analysis for NSE:MOS

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

₹13.85
Price
₹55.41
GF Value