KRN Heat Exchanger and Refrigeration (BOM:544263) EBIT : ₹584 Mil (TTM As of Mar. 2024)

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What is KRN Heat Exchanger and Refrigeration EBIT?

KRN Heat Exchanger and Refrigeration's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹296 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹584 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. KRN Heat Exchanger and Refrigeration's annualized ROC % for the quarter that ended in Mar. 2024 was 23.46%. KRN Heat Exchanger and Refrigeration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 36.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. KRN Heat Exchanger and Refrigeration's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.05%.

KRN Heat Exchanger and Refrigeration EBIT Historical Data

The historical data trend for KRN Heat Exchanger and Refrigeration'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.

KRN Heat Exchanger and Refrigeration EBIT Chart

KRN Heat Exchanger and Refrigeration Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

EBIT

44.39

161.34

478.57

583.60

KRN Heat Exchanger and Refrigeration Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
EBIT	-	-	-	288.01	295.59

Competitive Comparison of KRN Heat Exchanger and Refrigeration's EBIT

For the Electronic Components subindustry, KRN Heat Exchanger and Refrigeration'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.

KRN Heat Exchanger and Refrigeration's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, KRN Heat Exchanger and Refrigeration's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where KRN Heat Exchanger and Refrigeration's EV-to-EBIT falls into.

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KRN Heat Exchanger and Refrigeration 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 ₹584 Mil.

KRN Heat Exchanger and Refrigeration (BOM:544263) EBIT Explanation

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

KRN Heat Exchanger and Refrigeration'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 )
=	561.316 * ( 1 - 30.52% )	/	( (1219.962	+	2105.227)	/ 2 )
=	390.0023568	/	1662.5945
=	23.46 %

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	))
=	1817.758	-	551.979	-	( 45.817	-	max(0, 860.73	-	1475.28	+	45.817	))
=	1219.962

	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	))
=	2583.643	-	375.335	-	( 103.081	-	max(0, 965.914	-	1707.225	+	103.081	))
=	2105.227

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:

KRN Heat Exchanger and Refrigeration'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 )
=	591.178	/	( ( (334.933 + max(838.608, 0))	+	(861.413 + max(1181.604, 0)) )	/	2 )
=	591.178	/	( ( 1173.541	+	2043.017 )	/	2 )
=	591.178	/	1608.279
=	36.76 %

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)
=	(422.811	+	730.265	+	250.332)	-	(551.979	+	0	+	12.821)
=	838.608

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(524.441	+	844.052	+	202.728)	-	(375.335	+	0	+	14.282)
=	1181.604

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:

KRN Heat Exchanger and Refrigeration's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	583.595	/	55569.999
	=	1.05 %

KRN Heat Exchanger and Refrigeration EBIT Related Terms

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KRN Heat Exchanger and Refrigeration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » KRN Heat Exchanger and Refrigeration Ltd (BOM:544263) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

KRN:India

Address

Plot No. F-46,47,48,49, EPIP, RIICO Industrial Area, Neemrana, Alwar, RJ, IND, 301705

Website

https://www.krnheatexchanger.com

KRN Heat Exchanger and Refrigeration Ltd manufacture fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry. Heat exchangers manufactured by the company are made of non-ferrous metals, Copper and Aluminium. Its product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts. The diameter of the heat exchanger tubes it produces ranges from 5MM to 15.88 MM. The company's products are well suited for a wide range of air conditioning, heating and ventilation, refrigeration and process cooling applications.

KRN Heat Exchanger and Refrigeration Headlines

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