Pushpa Jewellers (NSE:PUSHPA) Operating Income: ₹218 Mil (TTM As of Mar. 2026)

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NSE:PUSHPA Pushpa Jewellers Ltd NSE:PUSHPA
19 GF Score
Price ₹114.90
! 3 Warning Signs
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What is Pushpa Jewellers Operating Income?

Pushpa Jewellers NSE:PUSHPA +0.79% 19 Operating Income is ₹218 Mil as of Mar. 2026. GuruFocus rates NSE:PUSHPA with a GF Score™ of 19/100. The stock has 3 warning signs investors should review.

Pushpa Jewellers's Operating Income for the six months ended in Mar. 2026 was ₹218 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹218 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Pushpa Jewellers's Operating Income for the six months ended in Mar. 2026 was ₹218 Mil. Pushpa Jewellers's Revenue for the six months ended in Mar. 2026 was ₹2,474 Mil. Therefore, Pushpa Jewellers's Operating Margin % for the quarter that ended in Mar. 2026 was 8.82%.

Pushpa Jewellers'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. Pushpa Jewellers's annualized ROC % for the quarter that ended in Mar. 2026 was 25.06%. Pushpa Jewellers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 35.53%.


Pushpa Jewellers  (NSE:PUSHPA) Operating Income Explanation

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

Pushpa Jewellers'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: Mar. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=436.458 * ( 1 - 26.78% )/( (855.286 + 1695.427)/ 2 )
=319.5745476/1275.3565
=25.06 %

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))
=1775.251 - 10.895 - ( 68.929 - max(0, 65.109 - 1477.004+68.929))
=1695.427

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:

Pushpa Jewellers'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: Mar. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=417.582/( ( (159.131 + max(563.95, 0)) + (263.18 + max(1364.51, 0)) )/ 2 )
=417.582/( ( 723.081 + 1627.69 )/ 2 )
=417.582/1175.3855
=35.53 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(196.654 + 354.873 + 117.33) - (17.043 + 0 + 87.864)
=563.95

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(355.134 + 910.643 + 138.459) - (10.895 + 0 + 28.831)
=1364.51

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 %:

Pushpa Jewellers'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 )
=218.229/2474.069
=8.82 %

* 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.


Pushpa Jewellers Operating Income Related Terms


Pushpa Jewellers Operating Income Historical Data

* Premium members only.

The historical data trend for Pushpa Jewellers'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.

Pushpa Jewellers Operating Income Chart

Pushpa Jewellers Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
90.00 125.03 194.04 311.72 372.02

Pushpa Jewellers Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income 0.00 0.00 0.00 180.36 218.23
NSE:PUSHPA
19GF Score
Pushpa Jewellers Ltd NSE:PUSHPA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Pushpa Jewellers 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 ₹218 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 ₹218 Mil mean?
Pushpa Jewellers (NSE:PUSHPA) has a Operating Income of ₹218 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pushpa Jewellers and its competitors.
Is Pushpa Jewellers' Operating Income too high?
Pushpa Jewellers' current Operating Income is ₹218 Mil. Overall, Pushpa Jewellers has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Pushpa Jewellers' Operating Income compare to TPR?
Pushpa Jewellers' Operating Income of ₹218 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 Pushpa Jewellers and its competitors. Pushpa Jewellers's current Operating Income is ₹218 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pushpa Jewellers stock overvalued right now?
Pushpa Jewellers (NSE:PUSHPA) has a current Operating Income of ₹218 Mil. The current Operating Income is ₹218 Mil. Pushpa Jewellers' overall GF Score™ is 19/100 with 3 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 Pushpa Jewellers (NSE:PUSHPA), the current Operating Income is ₹218 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.

Pushpa Jewellers Business Description

Address Premises No. 22, East Topsia Road, 4th Floor, Flat No.4A, Tirumala 22, Kolkata, WB, IND, 700046
Pushpa Jewellers Ltd is a wholesale B2B jewellery maker with a presence across India. Its jewellery business includes the sale of a range of Traditional and Modern Gold jewellery. Its main focus is in detailing and highlighting small areas minutely as its jewellery consists of some of the world's finest stones, namely Emerald, Jade, Pearl and Meena. The company has a presence across multiple regions in India, and it also exports its jewellery in international markets like Dubai, the United States and Australia. The company generates the majority of its revenue from sales in the Domestic market.
19GF Score

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

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