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Tijaria Polypipes (BOM:533629) Earnings Yield (Joel Greenblatt) % : -2.71% (As of Mar. 2024)


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What is Tijaria Polypipes Earnings Yield (Joel Greenblatt) %?

Tijaria Polypipes's Enterprise Value for the quarter that ended in Mar. 2024 was ₹1,071.44 Mil. Tijaria Polypipes's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-29.00 Mil. Tijaria Polypipes's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was -2.71%.

The historical rank and industry rank for Tijaria Polypipes's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

BOM:533629' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -142.27   Med: -9.56   Max: 103.85
Current: -2.54

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tijaria Polypipes was 103.85%. The lowest was -142.27%. And the median was -9.56%.

BOM:533629's Earnings Yield (Joel Greenblatt) % is ranked worse than
84.65% of 1707 companies
in the Construction industry
Industry Median: 6.39 vs BOM:533629: -2.54

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Tijaria Polypipes's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Tijaria Polypipes Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Tijaria Polypipes's Earnings Yield (Joel Greenblatt) % 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.

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Tijaria Polypipes Earnings Yield (Joel Greenblatt) % Chart

Tijaria Polypipes Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.25 -9.78 -16.03 -8.38 -2.71

Tijaria Polypipes Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Earnings Yield (Joel Greenblatt) % 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 -8.38 -6.28 -5.90 -5.34 -2.71

Competitive Comparison of Tijaria Polypipes's Earnings Yield (Joel Greenblatt) %

For the Building Products & Equipment subindustry, Tijaria Polypipes's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.


Tijaria Polypipes's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tijaria Polypipes's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Tijaria Polypipes's Earnings Yield (Joel Greenblatt) % falls into.



Tijaria Polypipes Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Tijaria Polypipess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-28.996/1071.43815
=-2.71 %

Tijaria Polypipes's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-29.00 Mil.



Tijaria Polypipes  (BOM:533629) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Tijaria Polypipes Earnings Yield (Joel Greenblatt) % Related Terms

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Tijaria Polypipes (BOM:533629) Business Description

Industry
Traded in Other Exchanges
Address
SP-1-2316, RIICO Industrial Area, Ramchandrapura, Sitapura Extension, Jaipur, RJ, IND, 302022
Tijaria Polypipes Ltd manufactures HDPE Pipes, PLB HDPE Duct, MDPE Pipes, DWC HDPE Pipes, uPVC Pipes, PVC-U Pipes, Mink Blankets, partially oriented yarn, and draw textured yarn, surgical masks, N-95 Mask under the registered brand name of Tijaria and Vikas. The company operates in two segments Pipes and Textiles. The company produces a product range in the field of plastics, HDPE Pipes for Electrical, Water and Sewerage, PVC-U and DWC HDPE Pipes for Sewerage, uPVC Pipes for Water, PLB HDPE Ducts for telecommunications, HDPE Sprinkler Irrigation Systems, MDPE Pipes for Water Supply etc. The majority of its revenue is generated from the pipes segment.

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