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TSC IndiaNSE:TSC -3.55%16 Operating Margin % is 7.97% as of Mar. 2026, which is 67% below its 10-year median of 24.40. GuruFocus rates NSE:TSC with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 840 Travel & Leisure companies, TSC India ranks better than 81.67% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. TSC India's Operating Income for the
six
months ended in Mar. 2026 was ₹10.2 Mil. TSC India's Revenue for the
six
months ended in Mar. 2026 was ₹128.1 Mil. Therefore, TSC India's Operating Margin % for the quarter that ended in Mar. 2026 was 7.97%.
The historical rank and industry rank for TSC India's Operating Margin % or its related term are showing as below:
NSE:TSC'
s Operating Margin % Range Over the Past 10 Years
Min: 18.95 Med: 24.4 Max: 31.6
Current: 21.54
NSE:TSC's Operating Margin % is ranked better than 81.67% of 840
companies
in the Travel & Leisure industry
Industry Median: 8.075
vs NSE:TSC: 21.54
TSC India's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
TSC India's Operating Income for the
six
months ended in Mar. 2026 was ₹10.2 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹61.4 Mil.
TSC India (NSE:TSC) 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.
TSC India Operating Margin % Related Terms
TSC India Operating Margin % Historical Data
* Premium members only.
The historical data trend for TSC 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:TSC vs BKNG, ABNB, RCL: Operating Margin % Comparison
For the Travel Services subindustry, TSC 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.
TSC India Operating Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, TSC India's Operating Margin % distribution charts can be found below:
* The bar in red indicates where TSC 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.
TSC 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.
TSC India (NSE:TSC) has a Operating Margin % of 7.97% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on TSC India and its competitors. This is 67% below median its historical median of 24.40. Over the past decade, TSC India's Operating Margin % has ranged from 18.95 to 31.60. According to the industry distribution chart, TSC India ranks #154 out of 840 companies in the Travel & Leisure industry, placing it in the top 18.3%.
Is TSC India's Operating Margin % too high?
TSC India's current Operating Margin % of 7.97% is 67% below median its 10-year median of 24.40. Over the past 10 years, this metric has ranged from a low of 18.95 to a high of 31.60. The Travel & Leisure industry median Operating Margin % is 8.08. TSC India's value of 7.97% is 1.3% below this industry median. Based on the distribution chart, TSC India ranks #154 out of 840 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, TSC India has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does TSC India's Operating Margin % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, TSC India ranks #154 out of 840 companies for Operating Margin %. This places TSC India in the top 18% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 8.08. TSC India's value of 7.97% is 1.3% below this benchmark. Historically, TSC India's own Operating Margin % has ranged from 18.95 to 31.60 over the past decade. While the company's 10-year median is 24.40 vs. the industry median of 8.08, TSC 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 a Travel & Leisure company?
The median Operating Margin % among Travel & Leisure companies is 8.08, based on 840 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. TSC India's current Operating Margin % of 7.97% is 1.3% 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 TSC India and its competitors. For the Travel & Leisure industry, the median Operating Margin % is 8.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSC India's current Operating Margin % is 7.97%, which is 67% below median its own 10-year median of 24.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSC India stock overvalued right now?
TSC India (NSE:TSC) has a current Operating Margin % of 7.97%. The current Operating Margin % is 7.97%, which is 67% below median its 10-year median of 24.40 and 1.3% below the Travel & Leisure industry median of 8.08. TSC India's overall GF Score™ is 16/100 with 4 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 TSC India (NSE:TSC), the current Operating Margin % is 7.97% 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.
TSC India Ltd is a travel management company which specializes in providing comprehensive air ticketing services tailored to the requirements of its clients. The Company is focused on serving the B2B and corporate sectors. TSC works in close collaboration with airlines and travel agents to deliver cost-effective and streamlined travel solutions to end user customers. Its operations encompass partnerships with a range of travel service providers, enabling it to manage various aspects of travel planning, including booking air tickets. The company operates in multiple cities across India, including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, reflecting its growing geographical presence.
16GF Score
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