According to Shriram Pistons & Rings's latest financial reports and stock price the company's current Operating Margin is 18.94%. At the end of 2023 the company had an Operating Margin of 16.07%.
Year | Operating Margin | Change |
---|---|---|
2023 | 16.07% | 40.51% |
2022 | 11.44% | 36.16% |
2021 | 8.40% | 35.18% |
2020 | 6.21% | -46.63% |
2019 | 11.64% | -13.02% |
2018 | 13.38% | 0.82% |
2017 | 13.28% | 17.81% |
2016 | 11.27% | 26.41% |
2015 | 8.91% |
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.