Vaswani Industries (BOM:533576) EBIT : ₹200 Mil (TTM As of Mar. 2024)

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What is Vaswani Industries EBIT?

Vaswani Industries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹63 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹200 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vaswani Industries's annualized ROC % for the quarter that ended in Mar. 2024 was 10.32%. Vaswani Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 24.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vaswani Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 19.55%.

Vaswani Industries EBIT Historical Data

The historical data trend for Vaswani Industries'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.

Vaswani Industries EBIT Chart

Vaswani Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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89.43

129.75

144.68

192.98

200.33

Vaswani Industries 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															46.00	53.35	30.84	53.54	62.59

Competitive Comparison of Vaswani Industries's EBIT

For the Steel subindustry, Vaswani Industries'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.

Vaswani Industries's EV-to-EBIT Distribution in the Steel Industry

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

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

Vaswani Industries 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 ₹200 Mil.

Vaswani Industries (BOM:533576) EBIT Explanation

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

Vaswani Industries'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 )
=	226.456 * ( 1 - 33.05% )	/	( (0	+	1468.969)	/ 1 )
=	151.612292	/	1468.969
=	10.32 %

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	))
=	1888.169	-	192.985	-	( 226.215	-	max(0, 428.504	-	1126.963	+	226.215	))
=	1468.969

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

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

Vaswani Industries'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 )
=	250.36	/	( ( (0 + max(0, 0))	+	(559.582 + max(449.966, 0)) )	/	1 )
=	250.36	/	( ( 0	+	1009.548 )	/	1 )
=	250.36	/	1009.548
=	24.80 %

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)
=	(182.777	+	461.475	+	52.678)	-	(192.985	+	0	+	53.979)
=	449.966

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:

Vaswani Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	200.328	/	1024.771
	=	19.55 %

Vaswani Industries EBIT Related Terms

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Vaswani Industries (BOM:533576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vaswani Industries Ltd (BOM:533576) » Definitions » EBIT

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VASWANI:India

Address

Bahesar Road, Near cycle Park, Village Sondra, Phase II, Industrial Area, Siltara, Raipur, CT, IND, 493 221

Website

http://www.vaswaniindustries.com

Vaswani Industries Ltd is engaged in the business of manufacturing and trading of Sponge Iron, Steel Billets, HB Wires, Iron Ore Pellets and generation of Power. Its business segments are Iron and steel; Power; Real estate and Agri division, of which key revenue is derived from the Iron and Steel segment. The company sells its products within India.

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