SMC Global Securities (BOM:543263) EBIT : ₹3,991 Mil (TTM As of Mar. 2024)

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What is SMC Global Securities EBIT?

SMC Global Securities's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹1,319 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹3,991 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SMC Global Securities's annualized ROC % for the quarter that ended in Mar. 2024 was 26.20%. SMC Global Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 339.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SMC Global Securities's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 48.47%.

SMC Global Securities EBIT Historical Data

The historical data trend for SMC Global Securities'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.

SMC Global Securities EBIT Chart

SMC Global Securities Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

728.99

1,678.20

2,506.87

2,512.84

3,990.56

SMC Global Securities Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial												575.80	729.13	867.42	1,074.62	1,319.40

Competitive Comparison of SMC Global Securities's EBIT

For the Capital Markets subindustry, SMC Global Securities'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.

SMC Global Securities's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SMC Global Securities's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SMC Global Securities's EV-to-EBIT falls into.

SMC Global Securities 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 ₹3,991 Mil.

SMC Global Securities (BOM:543263) EBIT Explanation

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

SMC Global Securities'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 )
=	5235.644 * ( 1 - 22.39% )	/	( (0	+	15510.913)	/ 1 )
=	4063.3833084	/	15510.913
=	26.20 %

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	))
=	47465.934	-	8369.702	-	( 23585.319	-	max(0, 8369.702	-	42876.62	+	23585.319	))
=	15510.913

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

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

SMC Global Securities'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 )
=	5277.592	/	( ( (0 + max(0, 0))	+	(1553.608 + max(-2886.908, 0)) )	/	1 )
=	5277.592	/	( ( 0	+	1553.608 )	/	1 )
=	5277.592	/	1553.608
=	339.70 %

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)
=	(5228.726	+	64.863	+	189.205)	-	(8369.702	+	0	+	0)
=	-2886.908

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:

SMC Global Securities's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	3990.56	/	8232.750
	=	48.47 %

SMC Global Securities EBIT Related Terms

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SMC Global Securities (BOM:543263) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SMC Global Securities Ltd (BOM:543263) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SMCGLOBAL:India

Address

Pusa Road, 11/6B, Shanti Chamber, New Delhi, IND, 110005

Website

https://www.smcindiaonline.com

SMC Global Securities Ltd is a diversified financial services company in India. The company offers brokerage services across the asset classes of equities, commodities and currency, investment banking, wealth management, distribution of third-party financial products, research, financing, depository services, insurance broking, clearing services, mortgage advisory, and real estate advisory services to corporates, institutions, high net worth individuals, and other retail clients.

SMC Global Securities (BOM:543263) Headlines

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