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Tolins Tyres (BOM:544254) EBIT : ₹498 Mil (TTM As of Sep. 2024)


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What is Tolins Tyres EBIT?

Tolins Tyres's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was ₹286 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₹498 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tolins Tyres's annualized ROC % for the quarter that ended in Sep. 2024 was 21.64%. Tolins Tyres's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 32.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tolins Tyres's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 13.15%.


Tolins Tyres EBIT Historical Data

The historical data trend for Tolins Tyres'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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Tolins Tyres EBIT Chart

Tolins Tyres Annual Data
Trend Mar21 Mar22 Mar23 Mar24
EBIT
44.92 48.87 117.60 420.48

Tolins Tyres Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
EBIT Get a 7-Day Free Trial - - 207.87 212.61 285.81

Competitive Comparison of Tolins Tyres's EBIT

For the Auto Parts subindustry, Tolins Tyres'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.


Tolins Tyres's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tolins Tyres's EV-to-EBIT distribution charts can be found below:

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


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Tolins Tyres 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 ₹498 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.


Tolins Tyres  (BOM:544254) EBIT Explanation

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

Tolins Tyres'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 )
=568.7 * ( 1 - 22.08% )/( (1858.16 + 2237.6)/ 2 )
=443.13104/2047.88
=21.64 %

where

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:

Tolins Tyres'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 )
=571.62/( ( (396.72 + max(1170.75, 0)) + (393.07 + max(1550.11, 0)) )/ 2 )
=571.62/( ( 1567.47 + 1943.18 )/ 2 )
=571.62/1755.325
=32.56 %

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)
=(640 + 838.43 + 107.76) - (349.01 + 0 + 66.43)
=1170.75

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(928.35 + 755.84 + 111.83) - (209.52 + 0 + 36.39)
=1550.11

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:

Tolins Tyres's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=498.42/3790.393
=13.15 %

* 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.


Tolins Tyres EBIT Related Terms

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Tolins Tyres Business Description

Traded in Other Exchanges
Address
No. 1/47, M C Road, Kalady, Aluva, Ernakulam, KL, IND, 683574
Tolins Tyres Ltd is one of the companies that are present in both verticals - manufacturing of new tyres and tread rubber. The company is engaged in manufacturing of bias tyres for a comprehensive array of vehicles (including light commercial, agricultural and two/three-wheeler vehicles) and precured tread rubber and is also involved in the manufacturing of ancillary products like bonding gum, vulcanizing solution, tyre flaps and tubes.

Tolins Tyres Headlines

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