Virtuoso OptoElectronics (NSE:VOEPL) Operating Income: ₹640 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:VOEPL Virtuoso OptoElectronics Ltd NSE:VOEPL
64 GF Score
Price ₹488.05
GF Value ₹570.32
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Virtuoso OptoElectronics Operating Income?

Virtuoso OptoElectronics NSE:VOEPL +0.51% 64 Operating Income is ₹640 Mil as of Jun. 2026. GuruFocus rates NSE:VOEPL with a GF Score™ of 64/100 and a GF Value™ of ₹570.32 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Virtuoso OptoElectronics's Operating Income for the three months ended in Jun. 2026 was ₹242 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹640 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Virtuoso OptoElectronics's Operating Income for the three months ended in Jun. 2026 was ₹242 Mil. Virtuoso OptoElectronics's Revenue for the three months ended in Jun. 2026 was ₹3,759 Mil. Therefore, Virtuoso OptoElectronics's Operating Margin % for the quarter that ended in Jun. 2026 was 6.45%.

Warning Sign:

Virtuoso OptoElectronics Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -5.4%.

Virtuoso OptoElectronics's 5-Year average Growth Rate for Operating Margin % was -5.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Virtuoso OptoElectronics's annualized ROC % for the quarter that ended in Jun. 2026 was 8.99%. Virtuoso OptoElectronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 16.16%.


Virtuoso OptoElectronics  (NSE:VOEPL) Operating Income Explanation

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

Virtuoso OptoElectronics's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=969.372 * ( 1 - 30.44% )/( (7499.328 + 0)/ 1 )
=674.2951632/7499.328
=8.99 %

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))
=9691.627 - 1506.852 - ( 1031.443 - max(0, 3582.501 - 4267.948+1031.443))
=7499.328

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

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

Virtuoso OptoElectronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1000.416/( ( (4902.083 + max(1289.789, 0)) + (0 + max(0, 0)) )/ 1 )
=1000.416/( ( 6191.872 + 0 )/ 1 )
=1000.416/6191.872
=16.16 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(722.215 + 2273.923 + 240.367) - (1506.852 + 0 + 439.864)
=1289.789

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Virtuoso OptoElectronics's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=242.343/3758.818
=6.45 %

* 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.


Virtuoso OptoElectronics Operating Income Related Terms


Virtuoso OptoElectronics Operating Income Historical Data

* Premium members only.

The historical data trend for Virtuoso OptoElectronics'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.

Virtuoso OptoElectronics Operating Income Chart

Virtuoso OptoElectronics Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 150.92 241.84 332.51 447.35 555.87

Virtuoso OptoElectronics Quarterly Data
Mar20 Mar21 Mar22 Jun22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 158.04 52.82 187.49 157.61 242.34
NSE:VOEPL
64GF Score
Virtuoso OptoElectronics Ltd NSE:VOEPL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Virtuoso OptoElectronics 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹640 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 ₹640 Mil mean?
Virtuoso OptoElectronics (NSE:VOEPL) has a Operating Income of ₹640 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Virtuoso OptoElectronics and its competitors.
Is Virtuoso OptoElectronics' Operating Income too high?
Virtuoso OptoElectronics' current Operating Income is ₹640 Mil. Overall, Virtuoso OptoElectronics has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Virtuoso OptoElectronics' Operating Income compare to AAPL?
Virtuoso OptoElectronics' Operating Income of ₹640 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 Virtuoso OptoElectronics and its competitors. Virtuoso OptoElectronics's current Operating Income is ₹640 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtuoso OptoElectronics stock overvalued right now?
Based on GuruFocus' analysis, Virtuoso OptoElectronics (NSE:VOEPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹570.32, compared to a current price of ₹488.05 — trading 14.4% below its estimated fair value. The current Operating Income is ₹640 Mil. Virtuoso OptoElectronics' overall GF Score™ is 64/100 with 6 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 Virtuoso OptoElectronics (NSE:VOEPL), the current Operating Income is ₹640 Mil as of Jun. 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 Virtuoso OptoElectronics (NSE:VOEPL) Overvalued in 2026?

Based on GuruFocus' analysis, Virtuoso OptoElectronics stock appears to be undervalued. The current stock price of ₹488.05 is trading 14.4% below its estimated GF Value™ of ₹570.32. GuruFocus considers Virtuoso OptoElectronics to be Modestly Undervalued.

Key valuation signals for NSE:VOEPL:

  • Operating Income: ₹640 Mil
  • GF Value™: ₹570.32 vs. price of ₹488.05 (14.4% below fair value)
  • GF Score™: 64/100 with 6 warning signs

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


Virtuoso OptoElectronics Business Description

Other Exchanges 543597:India
Address Plot No. 7 M.I.D.C, Satpur, Nashik, MH, IND, 422007
Virtuoso Optoelectronics Ltd is a manufacturing company specializing in high-volume production of consumer and industrial goods. It operates as an original equipment manufacturer and original design manufacturer, producing products such as white goods, LED lighting, air conditioners, water dispensers, and freezers. The company integrates design, development, and manufacturing to serve clients in the consumer appliances and electronics sectors. Virtuoso operates majorly in India, targeting both domestic and international markets with a focus on delivering reliable and cost-effective solutions.
64GF Score

Get the complete analysis for NSE:VOEPL

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

₹488.05
Price
₹570.32
GF Value