Industrial & Prudential Investment Co (BOM:501298) EBIT : ₹51.43 Mil (TTM As of Dec. 2023)

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What is Industrial & Prudential Investment Co EBIT?

Industrial & Prudential Investment Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₹14.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₹51.43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Industrial & Prudential Investment Co's annualized ROC % for the quarter that ended in Dec. 2023 was 0.78%. Industrial & Prudential Investment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 516.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Industrial & Prudential Investment Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.60%.

Industrial & Prudential Investment Co EBIT Historical Data

The historical data trend for Industrial & Prudential Investment Co's EBIT 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.

* Premium members only.

Industrial & Prudential Investment Co EBIT Chart

Industrial & Prudential Investment Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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50.70

3.04

74.61

62.96

61.93

Industrial & Prudential Investment Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															25.81	2.08	20.93	14.36	14.07

Competitive Comparison of Industrial & Prudential Investment Co's EBIT

For the Asset Management subindustry, Industrial & Prudential Investment Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Industrial & Prudential Investment Co's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Industrial & Prudential Investment Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Industrial & Prudential Investment Co's EV-to-EBIT falls into.

Industrial & Prudential Investment Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹51.43 Mil.

Industrial & Prudential Investment Co (BOM:501298) EBIT Explanation

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

Industrial & Prudential Investment Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	56.288 * ( 1 - 2.12% )	/	( (7099.657	+	0)	/ 1 )
=	55.0946944	/	7099.657
=	0.78 %

where

	Invested Capital		(Q: Sep. 2023 )
=	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	))
=	7119.026	-	0.204	-	( 19.165	-	max(0, 0.204	-	80.095	+	19.165	))
=	7099.657

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Industrial & Prudential Investment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	56.288	/	( ( (0.02 + max(10.886, 0))	+	(0 + max(0, 0)) )	/	1 )
=	56.288	/	( ( 10.906	+	0 )	/	1 )
=	56.288	/	10.906
=	516.12 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	11.09)	-	(0.204	+	0	+	0)
=	10.886

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Industrial & Prudential Investment Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	51.432	/	8598.675
	=	0.60 %

Industrial & Prudential Investment Co EBIT Related Terms

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Industrial & Prudential Investment Co (BOM:501298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Industrial & Prudential Investment Co Ltd (BOM:501298) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

8/1/B Diamond Harbour Road, Paharpur House, Kolkata, WB, IND, 700027

Website

https://www.industrialprudential.com

Industrial & Prudential Investment Co Ltd is a Non-Banking Finance Company. The activities of the company comprise of acquiring, selling and maintaining investments. The company invests customer's money in Indian as well as in the international equity market. Geographically the company serves Indian market customers.

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