Sanima Middle Tamor Hydropower (XNEP:TAMOR) Operating Income: NPR1,420 Mil (TTM As of Apr. 2026)

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XNEP:TAMOR Sanima Middle Tamor Hydropower Ltd XNEP:TAMOR
58 GF Score
Price NPR445.10
GF Value NPR378.83
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Sanima Middle Tamor Hydropower Operating Income?

Sanima Middle Tamor Hydropower XNEP:TAMOR -1.09% 58 Operating Income is NPR1,420 Mil as of Apr. 2026. GuruFocus rates XNEP:TAMOR with a GF Score™ of 58/100 and a GF Value™ of NPR378.83 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Sanima Middle Tamor Hydropower's Operating Income for the three months ended in Apr. 2026 was NPR226 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was NPR1,420 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sanima Middle Tamor Hydropower's Operating Income for the three months ended in Apr. 2026 was NPR226 Mil. Sanima Middle Tamor Hydropower's Revenue for the three months ended in Apr. 2026 was NPR441 Mil. Therefore, Sanima Middle Tamor Hydropower's Operating Margin % for the quarter that ended in Apr. 2026 was 51.19%.

Sanima Middle Tamor Hydropower'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. Sanima Middle Tamor Hydropower's annualized ROC % for the quarter that ended in Apr. 2026 was 6.58%. Sanima Middle Tamor Hydropower's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 1,296.70%.


Sanima Middle Tamor Hydropower  (XNEP:TAMOR) Operating Income Explanation

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

Sanima Middle Tamor Hydropower's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=902.216 * ( 1 - 0.01% )/( (13823.753 + 13610.129)/ 2 )
=902.1257784/13716.941
=6.58 %

where

Invested Capital(Q: Jan. 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))
=14110.083 - 0 - ( 938.87 - max(0, 802.329 - 1088.659+938.87))
=13823.753

Invested Capital(Q: Apr. 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))
=14056.021 - 0 - ( 995.741 - max(0, 678.277 - 1124.169+995.741))
=13610.129

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

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

Sanima Middle Tamor Hydropower's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=864.408/( ( (62.757 + max(-532.507, 0)) + (70.567 + max(-503.119, 0)) )/ 2 )
=864.408/( ( 62.757 + 70.567 )/ 2 )
=864.408/66.662
=1,296.70 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 87.949 + 61.84) - (0 + 0 + 682.296)
=-532.507

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 87.382 + 41.046) - (0 + 0 + 631.547)
=-503.119

When net working capital is negative, 0 is used.

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

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

Sanima Middle Tamor Hydropower's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=225.554/440.638
=51.19 %

* 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.


Sanima Middle Tamor Hydropower Operating Income Related Terms


Sanima Middle Tamor Hydropower Operating Income Historical Data

* Premium members only.

The historical data trend for Sanima Middle Tamor Hydropower'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.

Sanima Middle Tamor Hydropower Operating Income Chart

Sanima Middle Tamor Hydropower Annual Data
Trend Jul22 Jul23 Jul24 Jul25
Operating Income
-27.22 -30.14 181.01 1,194.32

Sanima Middle Tamor Hydropower Quarterly Data
Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -189.81 680.77 383.31 130.24 225.55
XNEP:TAMOR
58GF Score
Sanima Middle Tamor Hydropower Ltd XNEP:TAMOR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Sanima Middle Tamor Hydropower 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 Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NPR1,420 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 NPR1,420 Mil mean?
Sanima Middle Tamor Hydropower (XNEP:TAMOR) has a Operating Income of NPR1,420 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sanima Middle Tamor Hydropower and its competitors.
Is Sanima Middle Tamor Hydropower's Operating Income too high?
Sanima Middle Tamor Hydropower's current Operating Income is NPR1,420 Mil. Overall, Sanima Middle Tamor Hydropower has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanima Middle Tamor Hydropower's Operating Income compare to competitors?
Sanima Middle Tamor Hydropower's Operating Income of NPR1,420 Mil can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good Operating Income depends on the Utilities - Independent Power Producers 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 Sanima Middle Tamor Hydropower and its competitors. Sanima Middle Tamor Hydropower's current Operating Income is NPR1,420 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanima Middle Tamor Hydropower stock overvalued right now?
Based on GuruFocus' analysis, Sanima Middle Tamor Hydropower (XNEP:TAMOR) is currently considered Modestly Overvalued. The stock's GF Value™ is NPR378.83, compared to a current price of NPR445.10 — trading 17.5% above its estimated fair value. The current Operating Income is NPR1,420 Mil. Sanima Middle Tamor Hydropower's overall GF Score™ is 58/100 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 Sanima Middle Tamor Hydropower (XNEP:TAMOR), the current Operating Income is NPR1,420 Mil as of Apr. 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 Sanima Middle Tamor Hydropower (XNEP:TAMOR) Overvalued in 2026?

Based on GuruFocus' analysis, Sanima Middle Tamor Hydropower stock appears to be overvalued. The current stock price of NPR445.10 is trading 17.5% above its estimated GF Value™ of NPR378.83. GuruFocus considers Sanima Middle Tamor Hydropower to be Modestly Overvalued.

Key valuation signals for XNEP:TAMOR:

  • Operating Income: NPR1,420 Mil
  • GF Value™: NPR378.83 vs. price of NPR445.10 (17.5% above fair value)
  • GF Score™: 58/100 with 3 warning signs

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


Sanima Middle Tamor Hydropower Business Description

Address Kathmandu Metropolitan-4, P.O.Box: 19737, Dhumbarahi, Kathmandu, NPL
Sanima Middle Tamor Hydropower Ltd is a Special Purpose Vehicle (SPV) Company for the implementation and operation of the Sanima Middle Tamor Hydropower Project. The company is principally engaged in generating and selling hydroelectricity to the Nepal Electricity Authority. It currently operates the Middle Tamor Hydropower Project (MTHP), which is a run-of-river (RoR) project with an installed capacity of 73 MW. The headworks of the project are located in Phungling Municipality and Phaktanglung Rural Municipality and the Powerhouse (PH) is located in Mikwa Khola Rural Municipality at the right bank of the Tamor River in Taplejung district.
58GF Score

Get the complete analysis for XNEP:TAMOR

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

NPR445.10
Price
NPR378.83
GF Value