Shriram Properties (BOM:543419) EBIT : ₹1,869 Mil (TTM As of Dec. 2023)

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What is Shriram Properties EBIT?

Shriram Properties's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₹414 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₹1,869 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shriram Properties's annualized ROC % for the quarter that ended in Dec. 2023 was 3.13%. Shriram Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shriram Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.21%.

Shriram Properties EBIT Historical Data

The historical data trend for Shriram Properties'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.

Shriram Properties EBIT Chart

Shriram Properties Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

1,885.17

436.33

787.16

1,500.73

1,695.29

Shriram Properties Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial										449.60	362.09	572.69	520.80	413.90

Competitive Comparison of Shriram Properties's EBIT

For the Real Estate - Development subindustry, Shriram Properties'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.

Shriram Properties's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shriram Properties's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shriram Properties's EV-to-EBIT falls into.

Shriram Properties 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 ₹1,869 Mil.

Shriram Properties (BOM:543419) EBIT Explanation

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

Shriram Properties'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 )
=	748.4 * ( 1 - -33.72% )	/	( (31990.4	+	0)	/ 1 )
=	1000.76048	/	31990.4
=	3.13 %

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	))
=	40322	-	2301.5	-	( 6030.1	-	max(0, 26251.9	-	35766	+	6030.1	))
=	31990.4

	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:

Shriram Properties'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 )
=	1655.6	/	( ( (692.3 + max(8179.7, 0))	+	(0 + max(0, 0)) )	/	1 )
=	1655.6	/	( ( 8872	+	0 )	/	1 )
=	1655.6	/	8872
=	18.66 %

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)
=	(1180.4	+	26109.5	+	2069.8)	-	(2301.5	+	0	+	18878.5)
=	8179.7

	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:

Shriram Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1869.48	/	20289.652
	=	9.21 %

Shriram Properties EBIT Related Terms

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Shriram Properties (BOM:543419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shriram Properties Ltd (BOM:543419) » Definitions » EBIT

Traded in Other Exchanges

SHRIRAMPPS:India

Address

No. 31, 2nd Main Road, T. Chowdaiah Road, Shriram House, Sadashivanagar, Bengaluru, KA, IND, 560 080

Website

https://www.shriramproperties.com

Shriram Properties Ltd is a residential real estate development company. The Company is engaged in the business of construction, development and sale of all or any part of housing project which is the only reportable segment. It primarily focuses on the mid-market and affordable housing segments. It is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories.

Shriram Properties (BOM:543419) Headlines

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