PTC IndiaNSE:PTC -1.60%79 Operating Margin % is 3.69% as of Mar. 2026, which is 63% below its 10-year median of 9.85. GuruFocus rates NSE:PTC with a GF Score™ of 79/100 and a GF Value™ of ₹185.25 (Fairly Valued). The stock has 6 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, PTC India ranks worse than 66.43% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. PTC India's Operating Income for the
three
months ended in Mar. 2026 was ₹1,424 Mil. PTC India's Revenue for the
three
months ended in Mar. 2026 was ₹38,600 Mil. Therefore, PTC India's Operating Margin % for the quarter that ended in Mar. 2026 was 3.69%.
Warning Sign:
PTC India Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -16.4%.
The historical rank and industry rank for PTC India's Operating Margin % or its related term are showing as below:
NSE:PTC'
s Operating Margin % Range Over the Past 10 Years
Min: 4.34 Med: 9.85 Max: 13.51
Current: 4.34
NSE:PTC's Operating Margin % is ranked worse than 66.43% of 417
companies
in the Utilities - Independent Power Producers industry
Industry Median: 13.27
vs NSE:PTC: 4.34
PTC India's 5-Year Average Operating Margin % Growth Rate was -16.40% per year.
PTC India's Operating Income for the
three
months ended in Mar. 2026 was ₹1,424 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹7,213 Mil.
PTC India (NSE:PTC) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
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 Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) 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.
PTC India Operating Margin % Related Terms
PTC India Operating Margin % Historical Data
* Premium members only.
The historical data trend for PTC India's Operating Margin % 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.
NSE:PTC vs CEG, VST, NRG: Operating Margin % Comparison
For the Utilities - Independent Power Producers subindustry, PTC India's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PTC India Operating Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, PTC India's Operating Margin % distribution charts can be found below:
* The bar in red indicates where PTC India's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
PTC India's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
PTC India (NSE:PTC) has a Operating Margin % of 3.69% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on PTC India and its competitors. This is 63% below median its historical median of 9.85. Over the past decade, PTC India's Operating Margin % has ranged from 4.34 to 13.51. According to the industry distribution chart, PTC India ranks #277 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 66.4%.
Is PTC India's Operating Margin % too high?
PTC India's current Operating Margin % of 3.69% is 63% below median its 10-year median of 9.85. Over the past 10 years, this metric has ranged from a low of 4.34 to a high of 13.51. The Utilities - Independent Power Producers industry median Operating Margin % is 13.27. PTC India's value of 3.69% is 72.2% below this industry median. Based on the distribution chart, PTC India ranks #277 out of 417 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, PTC India has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PTC India's Operating Margin % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, PTC India ranks #277 out of 417 companies for Operating Margin %. This places PTC India in the lower half of its industry. The industry median Operating Margin % is 13.27. PTC India's value of 3.69% is 72.2% below this benchmark. Historically, PTC India's own Operating Margin % has ranged from 4.34 to 13.51 over the past decade. While the company's 10-year median is 9.85 vs. the industry median of 13.27, PTC India has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for an Utilities - Independent Power Producers company?
The median Operating Margin % among Utilities - Independent Power Producers companies is 13.27, based on 417 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PTC India's current Operating Margin % of 3.69% is 72.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on PTC India and its competitors. For the Utilities - Independent Power Producers industry, the median Operating Margin % is 13.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTC India's current Operating Margin % is 3.69%, which is 63% below median its own 10-year median of 9.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTC India stock overvalued right now?
Based on GuruFocus' analysis, PTC India (NSE:PTC) is currently considered Fairly Valued. The stock's GF Value™ is ₹185.25, compared to a current price of ₹181.80 — trading 1.9% below its estimated fair value. The current Operating Margin % is 3.69%, which is 63% below median its 10-year median of 9.85 and 72.2% below the Utilities - Independent Power Producers industry median of 13.27. PTC India's overall GF Score™ is 79/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For PTC India (NSE:PTC), the current Operating Margin % is 3.69% 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 PTC India (NSE:PTC) Overvalued in 2026?
Based on GuruFocus' analysis, PTC India stock appears to be undervalued.
The current stock price of ₹181.80 is trading 1.9% below its estimated GF Value™ of ₹185.25.
GuruFocus considers PTC India to be Fairly Valued.
Key valuation signals for NSE:PTC:
Operating Margin %: 3.69% (63% below median its 10-year median of 9.85)
GF Value™: ₹185.25 vs. price of ₹181.80 (1.9% below fair value)
Industry Position: 72.2% below the Utilities - Independent Power Producers median (#277 of 417)
No single metric tells the full story. See the NSE:PTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PTC India Ltd is a holding company. It is involved in the trading of electricity and offers power trading solutions in India. The company's segments include Power: it includes trading & generation of power. Financing business: It includes investing in equity or extending debt to power projects in generation, transmission, distribution, fuel resources, and fuel-related infrastructure. The company derives the majority of its revenue from India.
79GF Score
Get the complete analysis for NSE:PTC
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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