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Ratnamani Metals & Tubes (BOM:520111) EBIT : ₹8,728 Mil (TTM As of Mar. 2024)


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What is Ratnamani Metals & Tubes EBIT?

Ratnamani Metals & Tubes's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹2,595 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹8,728 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ratnamani Metals & Tubes's annualized ROC % for the quarter that ended in Mar. 2024 was 20.71%. Ratnamani Metals & Tubes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 32.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ratnamani Metals & Tubes's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.81%.


Ratnamani Metals & Tubes EBIT Historical Data

The historical data trend for Ratnamani Metals & Tubes'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.

Ratnamani Metals & Tubes EBIT Chart

Ratnamani Metals & Tubes Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,219.84 3,836.32 4,482.21 7,247.31 8,727.96

Ratnamani Metals & Tubes 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 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 2,818.51 1,904.86 2,319.51 1,908.39 2,595.20

Competitive Comparison of Ratnamani Metals & Tubes's EBIT

For the Steel subindustry, Ratnamani Metals & Tubes'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.


Ratnamani Metals & Tubes's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ratnamani Metals & Tubes's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ratnamani Metals & Tubes's EV-to-EBIT falls into.



Ratnamani Metals & Tubes 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 ₹8,728 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.


Ratnamani Metals & Tubes  (BOM:520111) EBIT Explanation

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

Ratnamani Metals & Tubes'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 )
=8828.452 * ( 1 - 22.07% )/( (0 + 33224.943)/ 1 )
=6880.0126436/33224.943
=20.71 %

where

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))
=40198.327 - 3633.052 - ( 3340.332 - max(0, 6000.421 - 26656.78+3340.332))
=33224.943

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

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

Ratnamani Metals & Tubes'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 )
=10380.8/( ( (0 + max(0, 0)) + (13107.965 + max(18539.598, 0)) )/ 1 )
=10380.8/( ( 0 + 31647.563 )/ 1 )
=10380.8/31647.563
=32.80 %

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)
=(9414.547 + 13486.954 + 411.197) - (3633.052 + 0 + 1140.048)
=18539.598

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:

Ratnamani Metals & Tubes's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=8727.957/229162.548
=3.81 %

* 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.


Ratnamani Metals & Tubes EBIT Related Terms

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Ratnamani Metals & Tubes (BOM:520111) Business Description

Traded in Other Exchanges
Address
The First Avenue Road, Off 132 Ft Ring Road, The First, A & B Wing, 9th Floor, Behind Keshav Baug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015
Ratnamani Metals & Tubes Ltd is a manufacturer of stainless steel pipes, tubes, and carbon steel pipes. The company's product mix consists of stainless steel tubes and pipes, carbon steel pipes, and external and internal coating solutions. It operates in the Steel Tubes and Pipes segment. The company's end market by revenue is India. The firm's manufacturing facilities are located in Kutch, Indrad, and Chhatral in the state of Gujarat.

Ratnamani Metals & Tubes (BOM:520111) Headlines

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