Welspun Specialty Solutions (BOM:500365) EBIT : ₹619 Mil (TTM As of Mar. 2024)

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What is Welspun Specialty Solutions EBIT?

Welspun Specialty Solutions's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹133 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹619 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Welspun Specialty Solutions's annualized ROC % for the quarter that ended in Mar. 2024 was 53.79%. Welspun Specialty Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 16.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Welspun Specialty Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.73%.

Welspun Specialty Solutions EBIT Historical Data

The historical data trend for Welspun Specialty Solutions'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.

Welspun Specialty Solutions EBIT Chart

Welspun Specialty Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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-683.70

1,041.40

-145.50

165.70

618.50

Welspun Specialty Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															173.00	195.00	138.20	152.00	133.30

Competitive Comparison of Welspun Specialty Solutions's EBIT

For the Steel subindustry, Welspun Specialty Solutions'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.

Welspun Specialty Solutions's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Welspun Specialty Solutions's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Welspun Specialty Solutions's EV-to-EBIT falls into.

Welspun Specialty Solutions 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹619 Mil.

Welspun Specialty Solutions (BOM:500365) EBIT Explanation

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

Welspun Specialty Solutions's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	327.6 * ( 1 - -549.84% )	/	( (0	+	3957.8)	/ 1 )
=	2128.87584	/	3957.8
=	53.79 %

where

	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

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	5871.8	-	2082.8	-	( 12.3	-	max(0, 3636.8	-	3468	+	12.3	))
=	3957.8

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Welspun Specialty Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	533.2	/	( ( (0 + max(0, 0))	+	(2022.5 + max(1190.8, 0)) )	/	1 )
=	533.2	/	( ( 0	+	3213.3 )	/	1 )
=	533.2	/	3213.3
=	16.59 %

where Working Capital is:

	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

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(485.3	+	2685.6	+	284.8)	-	(2082.8	+	0	+	182.1)
=	1190.8

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Welspun Specialty Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	618.5	/	22636.073
	=	2.73 %

Welspun Specialty Solutions EBIT Related Terms

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Welspun Specialty Solutions (BOM:500365) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Welspun Specialty Solutions Ltd (BOM:500365) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senapati Bapat Marg, Kamala Mills Compound, 5th Floor, Welspun House, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.welspunspecialty.com

Welspun Specialty Solutions Ltd is engaged in the manufacturing of alloy and stainless steel products. The firm serves various industries such as automotive energy, defense, nuclear power, and aerospace. The company's business is predominantly confined to India.

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