Investment & Precision Castings (BOM:504786) EBIT : ₹153 Mil (TTM As of Sep. 2024)

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What is Investment & Precision Castings EBIT?

Investment & Precision Castings's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ₹38 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₹153 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Investment & Precision Castings's annualized ROC % for the quarter that ended in Sep. 2024 was 6.20%. Investment & Precision Castings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 10.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Investment & Precision Castings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.99%.

Investment & Precision Castings EBIT Historical Data

The historical data trend for Investment & Precision Castings'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.

Investment & Precision Castings EBIT Chart

Investment & Precision Castings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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44.18

62.85

57.66

139.67

180.50

Investment & Precision Castings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															51.62	36.84	28.66	49.25	38.02

Competitive Comparison of Investment & Precision Castings's EBIT

For the Steel subindustry, Investment & Precision Castings'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.

Investment & Precision Castings's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Investment & Precision Castings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Investment & Precision Castings's EV-to-EBIT falls into.

Investment & Precision Castings 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹153 Mil.

Investment & Precision Castings (BOM:504786) EBIT Explanation

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

Investment & Precision Castings's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	140.128 * ( 1 - 25.81% )	/	( (0	+	1676.214)	/ 1 )
=	103.9609632	/	1676.214
=	6.20 %

where

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

	Invested Capital		(Q: Sep. 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	))
=	2068.253	-	342.941	-	( 49.098	-	max(0, 1011.399	-	1082.653	+	49.098	))
=	1676.214

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

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

Investment & Precision Castings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	152.084	/	( ( (0 + max(0, 0))	+	(869.805 + max(641.442, 0)) )	/	1 )
=	152.084	/	( ( 0	+	1511.247 )	/	1 )
=	152.084	/	1511.247
=	10.06 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(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: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(420.83	+	472.381	+	136.586)	-	(342.941	+	0	+	45.414)
=	641.442

When net working capital is negative, 0 is used.

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

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

Investment & Precision Castings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	152.765	/	5114.338
	=	2.99 %

Investment & Precision Castings EBIT Related Terms

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Investment & Precision Castings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Investment & Precision Castings Ltd (BOM:504786) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nari Road, Bhavnagar, GJ, IND, 364006

Website

https://www.ipcl.in

Investment & Precision Castings Ltd is engaged in the steel casting business. The company's products portfolio includes two-three-four-wheeler, bus tractor parts; aircraft parts; turbochargers for diesel engines; power plants, pumps and valves, medical implants; electrical and instrumentation; general engineering; electronics; electronics; compressors; artisan castings; and machined components from bar stock. The company also provides its products and services to ancillaries and the wind power generation industry. It operates in two segments Investment Castings and Wind Mill. The majority of the company's revenue comes from the Investment Castings segment.

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