The United Basalt Products (XMAU:UBP) Operating Income: MUR2,538 Mil (TTM As of Mar. 2026)

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XMAU:UBP The United Basalt Products Ltd XMAU:UBP
96 GF Score
Price MUR39.80
GF Value MUR124.67
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is The United Basalt Products Operating Income?

The United Basalt Products XMAU:UBP 96 Operating Income is MUR2,538 Mil as of Mar. 2026. GuruFocus rates XMAU:UBP with a GF Score™ of 96/100 and a GF Value™ of MUR124.67 (Possible Value Trap). The stock has 5 warning signs investors should review.

The United Basalt Products's Operating Income for the three months ended in Mar. 2026 was MUR-21 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MUR2,538 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. The United Basalt Products's Operating Income for the three months ended in Mar. 2026 was MUR-21 Mil. The United Basalt Products's Revenue for the three months ended in Mar. 2026 was MUR1,786 Mil. Therefore, The United Basalt Products's Operating Margin % for the quarter that ended in Mar. 2026 was -1.16%.

Warning Sign:

The United Basalt Products Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -44.4%.

The United Basalt Products's 5-Year average Growth Rate for Operating Margin % was -44.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The United Basalt Products's annualized ROC % for the quarter that ended in Mar. 2026 was -0.58%. The United Basalt Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -5.67%.


The United Basalt Products  (XMAU:UBP) Operating Income Explanation

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

The United Basalt 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 )
=-82.608 * ( 1 - 4.13% )/( (13563.002 + 13554.337)/ 2 )
=-79.1962896/13558.6695
=-0.58 %

where

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

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

The United Basalt 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 )
=-134.892/( ( (0 + max(2435.114, 0)) + (0 + max(2320.727, 0)) )/ 2 )
=-134.892/( ( 2435.114 + 2320.727 )/ 2 )
=-134.892/2377.9205
=-5.67 %

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 + 4059.679) - (0 + 0 + 1624.565)
=2435.114

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 4148.188) - (0 + 0 + 1827.461)
=2320.727

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 %:

The United Basalt 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 )
=-20.652/1785.515
=-1.16 %

* 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.


The United Basalt Products Operating Income Related Terms


The United Basalt Products Operating Income Historical Data

* Premium members only.

The historical data trend for The United Basalt 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.

The United Basalt Products Operating Income Chart

The United Basalt Products Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,265.02 204.74 256.32 330.77 694.35

The United Basalt 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 103.72 189.38 2,223.79 145.94 -20.65
XMAU:UBP
96GF Score
The United Basalt Products Ltd XMAU:UBP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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The United Basalt 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 MUR2,538 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 MUR2,538 Mil mean?
The United Basalt Products (XMAU:UBP) has a Operating Income of MUR2,538 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on The United Basalt Products and its competitors.
Is The United Basalt Products' Operating Income too high?
The United Basalt Products' current Operating Income is MUR2,538 Mil. Overall, The United Basalt Products has a GF Score™ of 96/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The United Basalt Products' Operating Income compare to CRH and VMC?
The United Basalt Products' Operating Income of MUR2,538 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Operating Income depends on the Building Materials 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 The United Basalt Products and its competitors. The United Basalt Products's current Operating Income is MUR2,538 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The United Basalt Products stock overvalued right now?
Based on GuruFocus' analysis, The United Basalt Products (XMAU:UBP) is currently considered Possible Value Trap. The stock's GF Value™ is MUR124.67, compared to a current price of MUR39.80 — trading 68.1% below its estimated fair value. The current Operating Income is MUR2,538 Mil. The United Basalt Products' overall GF Score™ is 96/100 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 The United Basalt Products (XMAU:UBP), the current Operating Income is MUR2,538 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 The United Basalt Products (XMAU:UBP) Overvalued in 2026?

Based on GuruFocus' analysis, The United Basalt Products stock appears to be undervalued. The current stock price of MUR39.80 is trading 68.1% below its estimated GF Value™ of MUR124.67. GuruFocus considers The United Basalt Products to be Possible Value Trap.

Key valuation signals for XMAU:UBP:

  • Operating Income: MUR2,538 Mil
  • GF Value™: MUR124.67 vs. price of MUR39.80 (68.1% below fair value)
  • GF Score™: 96/100 with 5 warning signs

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


The United Basalt Products Business Description

Address Trianon, Quatre-Bornes, MUS
The United Basalt Products Ltd is engaged in the manufacturing and sale of building materials, which consist mainly of aggregates, rock sand, and concrete blocks. Other products include precast concrete slabs, ready-to-use dry mortar, various concrete building components, including paving blocks and roof tiles, imported floor and wall tiles, sanitary ware, and a complete range of home building and decorating products, fittings, tools, and garden accessories. Services rendered consist mainly of engineering works by the company's workshop and contracting services. The Groups business segments consist of core business activities, retail, and agriculture. The majority of its activity is performed in Mauritius.
96GF Score

Get the complete analysis for XMAU:UBP

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

MUR39.80
Price
MUR124.67
GF Value