Shivalic Power Control (NSE:SPCL) Operating Income: ₹171 Mil (TTM As of Mar. 2026)

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NSE:SPCL Shivalic Power Control Ltd NSE:SPCL
46 GF Score
Price ₹67.85
! 5 Warning Signs
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What is Shivalic Power Control Operating Income?

Shivalic Power Control NSE:SPCL -1.45% 46 Operating Income is ₹171 Mil as of Mar. 2026. GuruFocus rates NSE:SPCL with a GF Score™ of 46/100. The stock has 5 warning signs investors should review.

Shivalic Power Control's Operating Income for the six months ended in Mar. 2026 was ₹103 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹171 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Shivalic Power Control's Operating Income for the six months ended in Mar. 2026 was ₹103 Mil. Shivalic Power Control's Revenue for the six months ended in Mar. 2026 was ₹1,012 Mil. Therefore, Shivalic Power Control's Operating Margin % for the quarter that ended in Mar. 2026 was 10.20%.

Good Sign:

Shivalic Power Control Ltd operating margin is expanding. Margin expansion is usually a good sign.

Shivalic Power Control's 5-Year average Growth Rate for Operating Margin % was 12.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shivalic Power Control's annualized ROC % for the quarter that ended in Mar. 2026 was 12.27%. Shivalic Power Control's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.14%.

Shivalic Power Control  (NSE:SPCL) Operating Income Explanation

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

Shivalic Power Control'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 )
=206.392 * ( 1 - 18.86% )/( (1154.204 + 1574.671)/ 2 )
=167.4664688/1364.4375
=12.27 %

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))
=1468.471 - 145.282 - ( 168.985 - max(0, 255.904 - 1273.584+168.985))
=1154.204

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))
=1898.252 - 120.807 - ( 202.774 - max(0, 539.372 - 1669.984+202.774))
=1574.671

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:

Shivalic Power Control'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 )
=221.372/( ( (188.198 + max(824.095, 0)) + (195.237 + max(1233.507, 0)) )/ 2 )
=221.372/( ( 1012.293 + 1428.744 )/ 2 )
=221.372/1220.5185
=18.14 %

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)
=(419.856 + 616.064 + 22.689) - (145.282 + 0 + 89.232)
=824.095

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(579.834 + 800.348 + 52.689) - (120.807 + 0 + 78.557)
=1233.507

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 %:

Shivalic Power Control'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 )
=103.196/1011.751
=10.20 %

* 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.

Shivalic Power Control Operating Income Related Terms

Shivalic Power Control Operating Income Historical Data

* Premium members only.

The historical data trend for Shivalic Power Control'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.

Shivalic Power Control Operating Income Chart

Shivalic Power Control Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 39.84 115.43 178.60 170.25 170.61

Shivalic Power Control Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only 121.17 84.90 85.35 67.41 103.20
NSE:SPCL
46GF Score
Shivalic Power Control Ltd NSE:SPCL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Shivalic Power Control 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 ₹171 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 ₹171 Mil mean?
Shivalic Power Control (NSE:SPCL) has a Operating Income of ₹171 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Shivalic Power Control and its competitors.
Is Shivalic Power Control's Operating Income too high?
Shivalic Power Control's current Operating Income is ₹171 Mil. Overall, Shivalic Power Control has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Shivalic Power Control's Operating Income compare to VRT and BE?
Shivalic Power Control's Operating Income of ₹171 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 Shivalic Power Control and its competitors. Shivalic Power Control's current Operating Income is ₹171 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shivalic Power Control stock overvalued right now?
Shivalic Power Control (NSE:SPCL) has a current Operating Income of ₹171 Mil. The current Operating Income is ₹171 Mil. Shivalic Power Control's overall GF Score™ is 46/100 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 Shivalic Power Control (NSE:SPCL), the current Operating Income is ₹171 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.

Shivalic Power Control Business Description

Address Plot No. 72, Sector- 68, IMT, Ballabgarh, Faridabad, HR, IND, 121004
Shivalic Power Control Ltd is an ISO-certified LT and HT electric panel manufacturer. It is a technology-driven company with focus on quality, design and product development, which has allowed the company to develop products suited to its customers' requirements. The company has a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD , Power Distribution Boards, Bus Duct and LT & HT APFC Panels.
46GF Score

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

₹67.85
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