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Rhetan TMT (BOM:543590) EBIT : ₹67.8 Mil (TTM As of Mar. 2024)


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What is Rhetan TMT EBIT?

Rhetan TMT's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹44.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹67.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rhetan TMT's annualized ROC % for the quarter that ended in Mar. 2024 was 4.90%. Rhetan TMT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rhetan TMT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.61%.

Rhetan TMT EBIT Historical Data

The historical data trend for Rhetan TMT'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.

Rhetan TMT EBIT Chart

Rhetan TMT Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
4.01 11.16 40.76 84.45 67.77

Rhetan TMT Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
EBIT Get a 7-Day Free Trial 25.66 21.81 62.64 23.49 44.28

Competitive Comparison of Rhetan TMT's EBIT

For the Steel subindustry, Rhetan TMT'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.

Rhetan TMT's EV-to-EBIT Distribution in the Steel Industry

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

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


Rhetan TMT 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 semi-annually data reported by the company within the most recent 12 months, which was ₹67.8 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.

Rhetan TMT  (BOM:543590) EBIT Explanation

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

Rhetan TMT'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: Sep. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=79.704 * ( 1 - 33.16% )/( (1087.982 + 1086.329)/ 2 )
=53.2741536/1087.1555
=4.90 %

where

Invested Capital(Q: Sep. 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))
=1168.986 - 78.446 - ( 2.558 - max(0, 258.81 - 1022.343+2.558))
=1087.982

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))
=1141.244 - 42.384 - ( 12.531 - max(0, 228.906 - 914.532+12.531))
=1086.329

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) data.

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

Rhetan TMT'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: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=88.56/( ( (107.072 + max(876.437, 0)) + (168.768 + max(818.584, 0)) )/ 2 )
=88.56/( ( 983.509 + 987.352 )/ 2 )
=88.56/985.4305
=8.99 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(295.339 + 341.65 + 382.796) - (78.446 + 0 + 64.902)
=876.437

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(230.992 + 343.413 + 327.596) - (42.384 + 0 + 41.033)
=818.584

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

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

Rhetan TMT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=67.77/11054.542
=0.61 %

* 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.

Rhetan TMT EBIT Related Terms

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Rhetan TMT (BOM:543590) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rhetan TMT Ltd (BOM:543590) » Definitions » EBIT
Comparable Companies
BOM:532650 BOM:543978 BOM:532741 BOM:541701 BOM:542669 NSE:SHIVAUM BOM:533270 BOM:504605 BOM:543747 NSE:SHYAMCENT NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT STLD NSE:TATASTEEL RS MIC:CHMF
Traded in Other Exchanges
N/A
Address
Rasala Marg, Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Ahmedabad, GJ, IND, 380006
Website
http://www.rhetan.com
Rhetan TMT Ltd manufactures TMT Bars and Round Bars which are used in the construction industry. The products are used in the construction of dams, bridges, residential and commercial towers, and the majority of infrastructure projects in Gujarat.

Rhetan TMT (BOM:543590) Headlines

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