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AVP Infracon (NSE:AVPINFRA) EBIT : ₹ Mil (TTM As of Mar. 2023)


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What is AVP Infracon EBIT?

AVP Infracon's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹202 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AVP Infracon's annualized ROC % for the quarter that ended in Mar. 2023 was 22.00%. AVP Infracon's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 33.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

AVP Infracon EBIT Historical Data

The historical data trend for AVP Infracon'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.

AVP Infracon EBIT Chart

AVP Infracon Annual Data
Trend Mar21 Mar22 Mar23
EBIT
48.91 85.28 202.01

AVP Infracon Semi-Annual Data
Mar21 Mar22 Mar23
EBIT 48.91 85.28 202.01

Competitive Comparison of AVP Infracon's EBIT

For the Engineering & Construction subindustry, AVP Infracon'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.

AVP Infracon's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, AVP Infracon's EV-to-EBIT distribution charts can be found below:

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


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AVP Infracon 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was ₹ 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.

AVP Infracon  (NSE:AVPINFRA) EBIT Explanation

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

AVP Infracon's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=199.617 * ( 1 - 24.53% )/( (425.248 + 944.565)/ 2 )
=150.6509499/684.9065
=22.00 %

where

Invested Capital(Q: Mar. 2022 )
=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))
=623.966 - 167.816 - ( 30.902 - max(0, 284.455 - 423.145+30.902))
=425.248

Invested Capital(Q: Mar. 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))
=1467.084 - 433.851 - ( 88.668 - max(0, 881.575 - 1126.837+88.668))
=944.565

Note: The Operating Income data used here is one times the annual (Mar. 2023) data.

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

AVP Infracon's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=202.009/( ( (150.295 + max(220.121, 0)) + (283.871 + max(541.315, 0)) )/ 2 )
=202.009/( ( 370.416 + 825.186 )/ 2 )
=202.009/597.801
=33.79 %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(144.654 + 242.487 + 0.95999999999998) - (167.816 + 0 + 0.16399999999999)
=220.121

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(107.079 + 734.513 + 196.577) - (433.851 + 0 + 63.003)
=541.315

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

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

AVP Infracon's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=/4216.009
= %

* 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.

AVP Infracon EBIT Related Terms

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AVP Infracon Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AVP Infracon Ltd (NSE:AVPINFRA) » Definitions » EBIT
Comparable Companies
BOM:532986 BOM:539894 NSE:PIGL BOM:532904 BOM:544219 BOM:541353 NSE:TGL NSE:UNIVASTU BOM:533292 BOM:539112 XPAR:DG NSE:LT PWR SHSE:601668 TSX:WSP SHSE:601390 HKSE:01800 EME XPAR:EN J
Traded in Other Exchanges
N/A
Address
Plot No. E-30, Second floor, IInd Avenue, Besant Nagar, Chennai, TN, IND, 600090
Website
https://www.avpinfra.com
AVP Infracon Ltd is engaged in the construction of road projects based on Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) methods. Its is in the business of construction and transacts the business to construct, build, alter, acquire, convert, improve, design, erect, establish, equip, develop, dismantle, pull down, level, decorate, fabricate, reconstruct, renovate, remodel, rebuild all types of infrastructure developmental works, constructions works such as technically complex and high value projects like Express ways, National Highways, Flyovers, Bridges and Viaducts, Irrigation Projects, Urban Development - Civic amenities, Hospitals, warehouses, hotels and other Commercial and Residential Projects.

AVP Infracon Headlines

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