Associated Ceramics (BOM:531168) EBIT: ₹28.9 Mil (TTM As of Mar. 2026)


BOM:531168 Associated Ceramics Ltd BOM:531168
72 GF Score
Price ₹167.15
GF Value ₹229.18
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Associated Ceramics EBIT?

Associated Ceramics BOM:531168 +2.83% 72 EBIT is ₹28.9 Mil as of Mar. 2026. GuruFocus rates BOM:531168 with a GF Score™ of 72/100 and a GF Value™ of ₹229.18 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Associated Ceramics's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹-2.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹28.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Associated Ceramics's annualized ROC % for the quarter that ended in Mar. 2026 was -3.51%. Associated Ceramics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -4.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Associated Ceramics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.34%.


Associated Ceramics  (BOM:531168) EBIT Explanation

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

Associated Ceramics's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-19.156 * ( 1 - 39.82% )/( (0 + 328.561)/ 1 )
=-11.5280808/328.561
=-3.51 %

where

Invested Capital(Q: Mar. 2026 )
=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))
=392.207 - 36.619 - ( 27.027 - max(0, 121.754 - 169.124+27.027))
=328.561

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Associated Ceramics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-11.732/( ( (0 + max(0, 0)) + (201.42 + max(52.132, 0)) )/ 1 )
=-11.732/( ( 0 + 253.552 )/ 1 )
=-11.732/253.552
=-4.63 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(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. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32.483 + 85.098 + 24.516) - (36.619 + 0 + 53.346)
=52.132

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Associated Ceramics's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=28.904/346.539
=8.34 %

* 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.


Associated Ceramics EBIT Related Terms


Associated Ceramics EBIT Historical Data

* Premium members only.

The historical data trend for Associated Ceramics'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.

Associated Ceramics EBIT Chart

Associated Ceramics Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.38 65.53 20.77 36.36 28.90

Associated Ceramics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 8.68 10.34 21.56 -0.06 -2.93

BOM:531168 vs CRH, VMC, MLM: EBIT Comparison

For the Building Materials subindustry, Associated Ceramics'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.


Associated Ceramics EV-to-EBIT vs Building Materials Industry

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

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


BOM:531168
72GF Score
Associated Ceramics Ltd BOM:531168
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Associated Ceramics 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹28.9 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹28.9 Mil mean?
Associated Ceramics (BOM:531168) has a EBIT of ₹28.9 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Associated Ceramics.
Is Associated Ceramics' EBIT too high?
Associated Ceramics' current EBIT is ₹28.9 Mil. Overall, Associated Ceramics has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Associated Ceramics' EBIT compare to CRH and VMC?
Associated Ceramics' EBIT of ₹28.9 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Building Materials company?
A good EBIT depends on the Building Materials industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Associated Ceramics. Associated Ceramics's current EBIT is ₹28.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Ceramics stock overvalued right now?
Based on GuruFocus' analysis, Associated Ceramics (BOM:531168) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹229.18, compared to a current price of ₹167.15 — trading 27.1% below its estimated fair value. The current EBIT is ₹28.9 Mil. Associated Ceramics' overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Associated Ceramics (BOM:531168), the current EBIT is ₹28.9 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Associated Ceramics (BOM:531168) Overvalued in 2026?

Based on GuruFocus' analysis, Associated Ceramics stock appears to be undervalued. The current stock price of ₹167.15 is trading 27.1% below its estimated GF Value™ of ₹229.18. GuruFocus considers Associated Ceramics to be Modestly Undervalued.

Key valuation signals for BOM:531168:

  • EBIT: ₹28.9 Mil
  • GF Value™: ₹229.18 vs. price of ₹167.15 (27.1% below fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the BOM:531168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Associated Ceramics Business Description

Address 17, Ganesh Chandra Avenue, 4th Floor, Kolkata, WB, IND, 700013
Associated Ceramics Ltd is mainly engaged in the manufacture and sale of refractory items. The company is involved in refractory and pottery work, the buying and selling of minerals and mineral products, and trading in cement, lime, and stone. It operates in two segments: refractory items and solar energy. The majority of its revenue comes from refractory items.
72GF Score

Get the complete analysis for BOM:531168

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹167.15
Price
₹229.18
GF Value