Fujiyama Power Systems (NSE:UTLSOLAR) Operating Income: ₹3,531 Mil (TTM As of Mar. 2026)


NSE:UTLSOLAR Fujiyama Power Systems Ltd NSE:UTLSOLAR
18 GF Score
Price ₹336.30
! 3 Warning Signs
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What is Fujiyama Power Systems Operating Income?

Fujiyama Power Systems NSE:UTLSOLAR -1.48% 18 Operating Income is ₹3,531 Mil as of Mar. 2026. GuruFocus rates NSE:UTLSOLAR with a GF Score™ of 18/100. The stock has 3 warning signs investors should review.

Fujiyama Power Systems's Operating Income for the three months ended in Mar. 2026 was ₹1,509 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹3,531 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fujiyama Power Systems's Operating Income for the three months ended in Mar. 2026 was ₹1,509 Mil. Fujiyama Power Systems's Revenue for the three months ended in Mar. 2026 was ₹9,008 Mil. Therefore, Fujiyama Power Systems's Operating Margin % for the quarter that ended in Mar. 2026 was 16.75%.

Fujiyama 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. Fujiyama Power Systems's annualized ROC % for the quarter that ended in Mar. 2026 was 24.47%. Fujiyama Power Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 39.08%.

Fujiyama Power Systems  (NSE:UTLSOLAR) Operating Income Explanation

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

Fujiyama 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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=6034.52 * ( 1 - 26.22% )/( (0 + 18196.83)/ 1 )
=4452.268856/18196.83
=24.47 %

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))
=23435.56 - 3603.81 - ( 1634.92 - max(0, 8191.28 - 14094.04+1634.92))
=18196.83

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

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

Fujiyama 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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6147.64/( ( (0 + max(0, 0)) + (8157.62 + max(7573.23, 0)) )/ 1 )
=6147.64/( ( 0 + 15730.85 )/ 1 )
=6147.64/15730.85
=39.08 %

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)
=(1403.21 + 9098.19 + 1957.72) - (3603.81 + 0 + 1282.08)
=7573.23

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 %:

Fujiyama 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 )
=1508.63/9007.73
=16.75 %

* 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.

Fujiyama Power Systems Operating Income Related Terms

Fujiyama Power Systems Operating Income Historical Data

* Premium members only.

The historical data trend for Fujiyama 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.

Fujiyama Power Systems Operating Income Chart

Fujiyama Power Systems Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
444.77 465.49 861.58 2,305.33 4,461.06

Fujiyama Power Systems Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Jun25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only 478.24 734.99 1,010.16 1,011.91 1,508.63
NSE:UTLSOLAR
18GF Score
Fujiyama Power Systems Ltd NSE:UTLSOLAR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fujiyama 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 quarterly data reported by the company within the most recent 12 months, which was ₹3,531 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 ₹3,531 Mil mean?
Fujiyama Power Systems (NSE:UTLSOLAR) has a Operating Income of ₹3,531 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fujiyama Power Systems and its competitors.
Is Fujiyama Power Systems' Operating Income too high?
Fujiyama Power Systems' current Operating Income is ₹3,531 Mil. Overall, Fujiyama Power Systems has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Fujiyama Power Systems' Operating Income compare to FSLR and NXT?
Fujiyama Power Systems' Operating Income of ₹3,531 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 Fujiyama Power Systems and its competitors. Fujiyama Power Systems's current Operating Income is ₹3,531 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujiyama Power Systems stock overvalued right now?
Fujiyama Power Systems (NSE:UTLSOLAR) has a current Operating Income of ₹3,531 Mil. The current Operating Income is ₹3,531 Mil. Fujiyama Power Systems' overall GF Score™ is 18/100 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 Fujiyama Power Systems (NSE:UTLSOLAR), the current Operating Income is ₹3,531 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.

Fujiyama Power Systems Business Description

Other Exchanges 544613:India
Address Sat Guru Ram Singh Marg, Near Metro Station, 53A/6 Industrial Area, Near NDPL Grid Office, Delhi, IND, 110015
Fujiyama Power Systems Ltd is a manufacturer of products and solution provider in the roof-top solar industry, including on-grid, off-grid and hybrid solar systems. The company operates under its brands 'UTL Solar' and 'Fujiyama Solar'. Its offerings include solar PCUs, solar off-grid, on-grid and hybrid inverters, solar panels, pulse width modulation (PWM) chargers and other battery chargers, lithium-ion and tubular batteries, online uninterruptible power supply systems, offline UPS systems, solar management units and solar charge controllers. Additionally, the company provides chargers for three-wheeler electric autorickshaws (E-Rickshaws) and lithium-ion batteries. The company generates the majority of its revenue from the sales of its Solar Panels.
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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