Smarten Power Systems (NSE:SMARTEN) Operating Income: ₹47 Mil (TTM As of Mar. 2026)

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NSE:SMARTEN Smarten Power Systems Ltd NSE:SMARTEN
18 GF Score
Price ₹58.00
! 4 Warning Signs
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What is Smarten Power Systems Operating Income?

Smarten Power Systems NSE:SMARTEN -3.33% 18 Operating Income is ₹47 Mil as of Mar. 2026. GuruFocus rates NSE:SMARTEN with a GF Score™ of 18/100. The stock has 4 warning signs investors should review.

Smarten Power Systems's Operating Income for the six months ended in Mar. 2026 was ₹47 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹47 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Smarten Power Systems's Operating Income for the six months ended in Mar. 2026 was ₹47 Mil. Smarten Power Systems's Revenue for the six months ended in Mar. 2026 was ₹1,274 Mil. Therefore, Smarten Power Systems's Operating Margin % for the quarter that ended in Mar. 2026 was 3.71%.

Smarten Power Systems'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. Smarten Power Systems's annualized ROC % for the quarter that ended in Mar. 2026 was 7.89%. Smarten Power Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.30%.

Smarten Power Systems  (NSE:SMARTEN) Operating Income Explanation

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

Smarten Power Systems'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 )
=94.654 * ( 1 - 32.3% )/( (662.059 + 961.969)/ 2 )
=64.080758/812.014
=7.89 %

where

Invested Capital(Q: Mar. 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))
=972.353 - 277.082 - ( 33.212 - max(0, 554.174 - 857.371+33.212))
=662.059

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))
=1387.789 - 400.219 - ( 25.601 - max(0, 534.62 - 1113.711+25.601))
=961.969

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:

Smarten Power Systems'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 )
=94.654/( ( (112.475 + max(391.988, 0)) + (68.904 + max(587.975, 0)) )/ 2 )
=94.654/( ( 504.463 + 656.879 )/ 2 )
=94.654/580.671
=16.30 %

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)
=(382.257 + 340.145 + 77.273) - (277.082 + 0 + 130.605)
=391.988

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(515.698 + 392.768 + 160.043) - (400.219 + 0 + 80.315)
=587.975

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 %:

Smarten Power Systems'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 )
=47.327/1273.973
=3.71 %

* 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.

Smarten Power Systems Operating Income Related Terms

Smarten Power Systems Operating Income Historical Data

* Premium members only.

The historical data trend for Smarten Power Systems'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.

Smarten Power Systems Operating Income Chart

Smarten Power Systems Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
51.76 67.41 163.15 179.59 128.32

Smarten Power Systems Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income 0.00 0.00 0.00 98.11 47.33
NSE:SMARTEN
18GF Score
Smarten Power Systems Ltd NSE:SMARTEN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Smarten Power Systems 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 ₹47 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 ₹47 Mil mean?
Smarten Power Systems (NSE:SMARTEN) has a Operating Income of ₹47 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Smarten Power Systems and its competitors.
Is Smarten Power Systems' Operating Income too high?
Smarten Power Systems' current Operating Income is ₹47 Mil. Overall, Smarten Power Systems has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Smarten Power Systems' Operating Income compare to FSLR and NXT?
Smarten Power Systems' Operating Income of ₹47 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Operating Income depends on the Semiconductors 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 Smarten Power Systems and its competitors. Smarten Power Systems's current Operating Income is ₹47 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smarten Power Systems stock overvalued right now?
Smarten Power Systems (NSE:SMARTEN) has a current Operating Income of ₹47 Mil. The current Operating Income is ₹47 Mil. Smarten Power Systems' overall GF Score™ is 18/100 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 Smarten Power Systems (NSE:SMARTEN), the current Operating Income is ₹47 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.

Smarten Power Systems Business Description

Address Sector - 37, 374, 1st Floor Pace City-2, Gurgaon, HR, IND, 122001
Smarten Power Systems Ltd is engaged into designing and assembling of power back-up and developed solar power products such as Home UPS systems, solar inverters, solar power conditioning units (PCUs), solar charge controllers. It is also engaged in the trading of solar panels and batteries. It sells its products through its distributors within India. Currently, The Company is operating in 23 states and 2 union territories within India and has also established footprint in over 18 countries which includes Middle East, Africa, and South Asia region.
18GF 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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