Texmo Pipes & Products (NSE:TEXMOPIPES) Operating Income: ₹214 Mil (TTM As of Mar. 2026)

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NSE:TEXMOPIPES Texmo Pipes & Products Ltd NSE:TEXMOPIPES
67 GF Score
Price ₹42.70
GF Value ₹48.69
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Texmo Pipes & Products Operating Income?

Texmo Pipes & Products NSE:TEXMOPIPES -1.88% 67 Operating Income is ₹214 Mil as of Mar. 2026. GuruFocus rates NSE:TEXMOPIPES with a GF Score™ of 67/100 and a GF Value™ of ₹48.69 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Texmo Pipes & Products's Operating Income for the three months ended in Mar. 2026 was ₹48 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹214 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Texmo Pipes & Products's Operating Income for the three months ended in Mar. 2026 was ₹48 Mil. Texmo Pipes & Products's Revenue for the three months ended in Mar. 2026 was ₹974 Mil. Therefore, Texmo Pipes & Products's Operating Margin % for the quarter that ended in Mar. 2026 was 4.92%.

Good Sign:

Texmo Pipes & Products Ltd operating margin is expanding. Margin expansion is usually a good sign.

Texmo Pipes & Products's 5-Year average Growth Rate for Operating Margin % was 1.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Texmo Pipes & Products's annualized ROC % for the quarter that ended in Mar. 2026 was 2.36%. Texmo Pipes & Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.13%.


Texmo Pipes & Products  (NSE:TEXMOPIPES) Operating Income Explanation

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

Texmo Pipes & Products'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 )
=191.828 * ( 1 - 61.34% )/( (0 + 3148.079)/ 1 )
=74.1607048/3148.079
=2.36 %

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))
=3736.005 - 482.589 - ( 105.337 - max(0, 1030.807 - 2174.941+105.337))
=3148.079

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

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

Texmo Pipes & Products'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 )
=250.016/( ( (0 + max(0, 0)) + (1393.411 + max(1344.065, 0)) )/ 1 )
=250.016/( ( 0 + 2737.476 )/ 1 )
=250.016/2737.476
=9.13 %

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)
=(909.759 + 749.496 + 410.349) - (482.589 + 0 + 242.95)
=1344.065

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 %:

Texmo Pipes & Products'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 )
=47.957/974.359
=4.92 %

* 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.


Texmo Pipes & Products Operating Income Related Terms


Texmo Pipes & Products Operating Income Historical Data

* Premium members only.

The historical data trend for Texmo Pipes & Products'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.

Texmo Pipes & Products Operating Income Chart

Texmo Pipes & Products Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 327.76 166.73 297.68 214.17 210.83

Texmo Pipes & Products Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 Premium Member Only Premium Member Only Premium Member Only 31.18 57.05 35.33 74.05 47.96
NSE:TEXMOPIPES
67GF Score
Texmo Pipes & Products Ltd NSE:TEXMOPIPES
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Texmo Pipes & Products 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 ₹214 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 ₹214 Mil mean?
Texmo Pipes & Products (NSE:TEXMOPIPES) has a Operating Income of ₹214 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Texmo Pipes & Products and its competitors.
Is Texmo Pipes & Products' Operating Income too high?
Texmo Pipes & Products' current Operating Income is ₹214 Mil. Overall, Texmo Pipes & Products has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Texmo Pipes & Products' Operating Income compare to TT and JCI?
Texmo Pipes & Products' Operating Income of ₹214 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 Texmo Pipes & Products and its competitors. Texmo Pipes & Products's current Operating Income is ₹214 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texmo Pipes & Products stock overvalued right now?
Based on GuruFocus' analysis, Texmo Pipes & Products (NSE:TEXMOPIPES) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹48.69, compared to a current price of ₹42.70 — trading 12.3% below its estimated fair value. The current Operating Income is ₹214 Mil. Texmo Pipes & Products' overall GF Score™ is 67/100 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 Texmo Pipes & Products (NSE:TEXMOPIPES), the current Operating Income is ₹214 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.

Is Texmo Pipes & Products (NSE:TEXMOPIPES) Overvalued in 2026?

Based on GuruFocus' analysis, Texmo Pipes & Products stock appears to be undervalued. The current stock price of ₹42.70 is trading 12.3% below its estimated GF Value™ of ₹48.69. GuruFocus considers Texmo Pipes & Products to be Modestly Undervalued.

Key valuation signals for NSE:TEXMOPIPES:

  • Operating Income: ₹214 Mil
  • GF Value™: ₹48.69 vs. price of ₹42.70 (12.3% below fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the NSE:TEXMOPIPES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Texmo Pipes & Products Business Description

Other Exchanges 533164:India
Address 98, Bahadarpur Road, Post Box No. 35, Burhanpur, MP, IND, 450331
Texmo Pipes & Products Ltd is a pipe and fittings manufacturing company based in India. The company's primary products include plastic products. Its product portfolio comprises SWR pipes and fittings, CPVC pipes, conduit pipes, drip inline, moulded fittings of PVC, plumbing pipes and fittings, sprinkler fittings, casing pipes for tubewell, and others. PVC pipes serve as the revenue driver amongst the other products of the company. The group caters its products to the government and private sectors within India and abroad.
67GF Score

Get the complete analysis for NSE:TEXMOPIPES

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

₹42.70
Price
₹48.69
GF Value