Shanti Spintex (BOM:544059) EBIT : ₹217 Mil (TTM As of Sep. 2024)

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What is Shanti Spintex EBIT?

Shanti Spintex's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was ₹96 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₹217 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanti Spintex's annualized ROC % for the quarter that ended in Sep. 2024 was 11.49%. Shanti Spintex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 18.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanti Spintex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 20.70%.

Shanti Spintex EBIT Historical Data

The historical data trend for Shanti Spintex'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.

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Shanti Spintex EBIT Chart

Shanti Spintex Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

EBIT

73.45

81.42

175.02

211.18

Shanti Spintex Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
EBIT	Get a 7-Day Free Trial			-	-	90.29	120.89	95.97

Competitive Comparison of Shanti Spintex's EBIT

For the Textile Manufacturing subindustry, Shanti Spintex'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.

Shanti Spintex's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shanti Spintex's EV-to-EBIT distribution charts can be found below:

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

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Shanti Spintex 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹217 Mil.

Shanti Spintex (BOM:544059) EBIT Explanation

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

Shanti Spintex's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	184.626 * ( 1 - 25.6% )	/	( (1177.218	+	1212.975)	/ 2 )
=	137.361744	/	1195.0965
=	11.49 %

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	))
=	1939.951	-	712.409	-	( 50.324	-	max(0, 832.667	-	1250.781	+	50.324	))
=	1177.218

	Invested Capital		(Q: Sep. 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	))
=	1818.036	-	532.26	-	( 72.801	-	max(0, 660.626	-	1094.417	+	72.801	))
=	1212.975

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

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

Shanti Spintex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	191.942	/	( ( (673.251 + max(411.795, 0))	+	(649.152 + max(305.777, 0)) )	/	2 )
=	191.942	/	( ( 1085.046	+	954.929 )	/	2 )
=	191.942	/	1019.9875
=	18.82 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(896.939	+	184.942	+	85.217)	-	(712.409	+	0	+	42.894)
=	411.795

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(667.982	+	226.27	+	5.884)	-	(532.26	+	0	+	62.099)
=	305.777

When net working capital is negative, 0 is used.

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

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

Shanti Spintex's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	216.864	/	1047.701
	=	20.70 %

Shanti Spintex EBIT Related Terms

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Shanti Spintex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanti Spintex Ltd (BOM:544059) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

A -1601, Navratna Corporate Park, Ambli Bopal Road, Ahmedabad, GJ, IND, 380058

Website

https://www.shantispintex.com

Shanti Spintex Ltd is engaged in the Manufacturing and selling of Cotton Yarn and Fabrics. It manufactures various types of denim fabrics such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, over-dyed denim, and flat finish 3/1 denim and also offers denim fabrics in a diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, etc. The Company's operations encompass the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell, etc. The Company is currently organized into two operating activities - 1. Textile Manufacturing and 2. Windmill Operations. The company generates the majority of its revenue from the Textile segment.

Shanti Spintex Headlines

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