SRM Contractors (NSE:SRM) Operating Income: ₹1,517 Mil (TTM As of Mar. 2026)

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NSE:SRM SRM Contractors Ltd NSE:SRM
52 GF Score
Price ₹483.70
! 1 Warning Sign
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What is SRM Contractors Operating Income?

SRM Contractors NSE:SRM -3.47% 52 Operating Income is ₹1,517 Mil as of Mar. 2026. GuruFocus rates NSE:SRM with a GF Score™ of 52/100. The stock has 1 warning sign investors should review.

SRM Contractors's Operating Income for the three months ended in Mar. 2026 was ₹689 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹1,517 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. SRM Contractors's Operating Income for the three months ended in Mar. 2026 was ₹689 Mil. SRM Contractors's Revenue for the three months ended in Mar. 2026 was ₹4,457 Mil. Therefore, SRM Contractors's Operating Margin % for the quarter that ended in Mar. 2026 was 15.45%.

Good Sign:

SRM Contractors Ltd operating margin is expanding. Margin expansion is usually a good sign.

SRM Contractors's 5-Year average Growth Rate for Operating Margin % was 14.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SRM Contractors's annualized ROC % for the quarter that ended in Mar. 2026 was 55.63%. SRM Contractors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 136.99%.

SRM Contractors  (NSE:SRM) Operating Income Explanation

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

SRM Contractors'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 )
=2754.308 * ( 1 - 22.51% )/( (0 + 3836.614)/ 1 )
=2134.3132692/3836.614
=55.63 %

where

Invested Capital(Q: Dec. 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))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

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))
=9945.488 - 3452.369 - ( 4979.058 - max(0, 4530.434 - 7186.939+4979.058))
=3836.614

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

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

SRM Contractors'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 )
=2968.664/( ( (0 + max(0, 0)) + (2167.028 + max(-1947.404, 0)) )/ 1 )
=2968.664/( ( 0 + 2167.028 )/ 1 )
=2968.664/2167.028
=136.99 %

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)
=(920.096 + 544.326 + 743.459) - (3452.369 + 0 + 702.916)
=-1947.404

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 %:

SRM Contractors'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 )
=688.577/4457.457
=15.45 %

* 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.

SRM Contractors Operating Income Related Terms

SRM Contractors Operating Income Historical Data

* Premium members only.

The historical data trend for SRM Contractors'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.

SRM Contractors Operating Income Chart

SRM Contractors Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 240.01 304.96 329.25 678.84 1,517.09

SRM Contractors Quarterly Data
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 284.52 179.30 260.21 389.01 688.58
NSE:SRM
52GF Score
SRM Contractors Ltd NSE:SRM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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SRM Contractors 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 ₹1,517 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 ₹1,517 Mil mean?
SRM Contractors (NSE:SRM) has a Operating Income of ₹1,517 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on SRM Contractors and its competitors.
Is SRM Contractors' Operating Income too high?
SRM Contractors' current Operating Income is ₹1,517 Mil. Overall, SRM Contractors has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does SRM Contractors' Operating Income compare to PWR and FIX?
SRM Contractors' Operating Income of ₹1,517 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 SRM Contractors and its competitors. SRM Contractors's current Operating Income is ₹1,517 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SRM Contractors stock overvalued right now?
SRM Contractors (NSE:SRM) has a current Operating Income of ₹1,517 Mil. The current Operating Income is ₹1,517 Mil. SRM Contractors' overall GF Score™ is 52/100 with 1 warning sign 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 SRM Contractors (NSE:SRM), the current Operating Income is ₹1,517 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.

SRM Contractors Business Description

Other Exchanges 544158:India
Address Sector 3, Trikuta Nagar, Near BJP Head Office, Jammu, IND, 180012
SRM Contractors Ltd is an engineering, construction, and development company. It is engaged in the construction of roads (including bridges), tunnels, drainage systems, irrigation projects, food control infrastructure, slope stabilisation works, and other miscellaneous civil construction activities in Jammu and Kashmir and Ladakh. The business of the company is segregated into the following core service verticals: Road Projects, Tunnel Projects, Slope Stabilization, and Miscellaneous Civil Construction. It undertakes construction works both as an EPC contractor and on an item rate basis for infrastructure projects.
52GF 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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