Popular Vehicles and Services (NSE:PVSL) Operating Income: ₹618 Mil (TTM As of Mar. 2026)

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NSE:PVSL Popular Vehicles and Services Ltd NSE:PVSL
30 GF Score
Price ₹108.44
! 3 Warning Signs
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What is Popular Vehicles and Services Operating Income?

Popular Vehicles and Services NSE:PVSL +0.18% 30 Operating Income is ₹618 Mil as of Mar. 2026. GuruFocus rates NSE:PVSL with a GF Score™ of 30/100. The stock has 3 warning signs investors should review.

Popular Vehicles and Services's Operating Income for the three months ended in Mar. 2026 was ₹160 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹618 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Popular Vehicles and Services's Operating Income for the three months ended in Mar. 2026 was ₹160 Mil. Popular Vehicles and Services's Revenue for the three months ended in Mar. 2026 was ₹17,545 Mil. Therefore, Popular Vehicles and Services's Operating Margin % for the quarter that ended in Mar. 2026 was 0.91%.

Warning Sign:

Popular Vehicles and Services Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -9.6%.

Popular Vehicles and Services's 5-Year average Growth Rate for Operating Margin % was -9.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Popular Vehicles and Services's annualized ROC % for the quarter that ended in Mar. 2026 was 1.96%. Popular Vehicles and Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.58%.


Popular Vehicles and Services  (NSE:PVSL) Operating Income Explanation

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

Popular Vehicles and Services'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 )
=638.24 * ( 1 - 31.27% )/( (0 + 22405.52)/ 1 )
=438.662352/22405.52
=1.96 %

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))
=23832.73 - 1022.53 - ( 784.63 - max(0, 10482.47 - 10887.15+784.63))
=22405.52

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

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

Popular Vehicles and Services'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 )
=800.48/( ( (0 + max(0, 0)) + (10814.55 + max(6672.32, 0)) )/ 1 )
=800.48/( ( 0 + 17486.87 )/ 1 )
=800.48/17486.87
=4.58 %

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)
=(2593.69 + 6173.72 + 1335.11) - (1022.53 + 0 + 2407.67)
=6672.32

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 %:

Popular Vehicles and Services'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 )
=159.56/17545.13
=0.91 %

* 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.


Popular Vehicles and Services Operating Income Related Terms


Popular Vehicles and Services Operating Income Historical Data

* Premium members only.

The historical data trend for Popular Vehicles and Services'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.

Popular Vehicles and Services Operating Income Chart

Popular Vehicles and Services Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 542.66 905.68 1,052.65 591.38 617.88

Popular Vehicles and Services Quarterly Data
Mar19 Mar20 Mar21 Mar22 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 8.20 97.68 195.66 165.58 159.56
NSE:PVSL
30GF Score
Popular Vehicles and Services Ltd NSE:PVSL
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Popular Vehicles and Services 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 ₹618 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 ₹618 Mil mean?
Popular Vehicles and Services (NSE:PVSL) has a Operating Income of ₹618 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Popular Vehicles and Services and its competitors.
Is Popular Vehicles and Services' Operating Income too high?
Popular Vehicles and Services' current Operating Income is ₹618 Mil. Overall, Popular Vehicles and Services has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Popular Vehicles and Services' Operating Income compare to CVNA and PAG?
Popular Vehicles and Services' Operating Income of ₹618 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 Popular Vehicles and Services and its competitors. Popular Vehicles and Services's current Operating Income is ₹618 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Popular Vehicles and Services stock overvalued right now?
Popular Vehicles and Services (NSE:PVSL) has a current Operating Income of ₹618 Mil. The current Operating Income is ₹618 Mil. Popular Vehicles and Services' overall GF Score™ is 30/100 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 Popular Vehicles and Services (NSE:PVSL), the current Operating Income is ₹618 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.

Popular Vehicles and Services Business Description

Other Exchanges 544144:India
Address Kuttukaran Centre, Mamangalam, Cochin, Ernakulam, KL, IND, 682025
Popular Vehicles and Services Ltd is engaged in automobile dealerships in India. It caters to the complete life cycle of vehicle ownership, right from the sale of new vehicles, servicing and repairing vehicles, distributing spare parts and accessories, facilitating the sale and exchange of pre-owned vehicles, operating driving schools, and facilitating the sale of third-party financial and insurance products. The group has structured its business broadly into four verticals-Passenger cars (excluding luxury vehicles), Luxury vehicles, Commercial vehicles, and others. Others comprise spare parts retail sales - other than through the respective business segments and sale of electric vehicles - two-wheelers and three-wheelers. Key revenue is generated from the passenger cars segment.
30GF 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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