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UltraTech Cement (NSE:ULTRACEMCO) EBIT : ₹96,416 Mil (TTM As of Dec. 2023)


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What is UltraTech Cement EBIT?

UltraTech Cement's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₹26,173 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₹96,416 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. UltraTech Cement's annualized ROC % for the quarter that ended in Dec. 2023 was 8.36%. UltraTech Cement's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. UltraTech Cement's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.39%.


UltraTech Cement EBIT Historical Data

The historical data trend for UltraTech Cement'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.

UltraTech Cement EBIT Chart

UltraTech Cement Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52,391.60 71,112.90 93,504.80 92,500.90 81,782.00

UltraTech Cement 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17,424.90 26,230.30 24,775.40 19,236.80 26,173.30

Competitive Comparison of UltraTech Cement's EBIT

For the Building Materials subindustry, UltraTech Cement'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.


UltraTech Cement's EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, UltraTech Cement's EV-to-EBIT distribution charts can be found below:

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



UltraTech Cement 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 ₹96,416 Mil.

* 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.


UltraTech Cement  (NSE:ULTRACEMCO) EBIT Explanation

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

UltraTech Cement'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 )
=98843.6 * ( 1 - 24.64% )/( (890705 + 0)/ 1 )
=74488.53696/890705
=8.36 %

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))
=939913.6 - 90647.5 - ( 65516.8 - max(0, 243833.2 - 202394.3+65516.8))
=890705

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

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

UltraTech Cement'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 )
=104693.2/( ( (541994.9 + max(-53956.5, 0)) + (0 + max(0, 0)) )/ 1 )
=104693.2/( ( 541994.9 + 0 )/ 1 )
=104693.2/541994.9
=19.32 %

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)
=(38796 + 76456 + 21543.8) - (90647.5 + 0 + 100104.8)
=-53956.5

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:

UltraTech Cement's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=96415.8/2844727.042
=3.39 %

* 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.


UltraTech Cement EBIT Related Terms

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UltraTech Cement (NSE:ULTRACEMCO) Business Description

Traded in Other Exchanges
Address
Mahakali Caves Road, B Wing, Ahura Centre, 2nd Floor, Andheri (East), Mumbai, MH, IND, 400 093
UltraTech Cement Ltd produces and sells cement and cement-related products. The company generates the vast majority of its revenue in India. UltraTech has one of the largest production capacities of any firm in India. The company's product portfolio includes Ordinary Portland cement, Portland blast-furnace slag cement, and Portland Pozzolana cement. Ordinary Portland cement is used for a wide range of applications including concrete products, masonry, and plastering. The firm's customers are in the building and construction industries.

UltraTech Cement (NSE:ULTRACEMCO) Headlines

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