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Solve Plastic Products (NSE:BALCO) EBIT : ₹27.8 Mil (TTM As of Mar. 2024)


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What is Solve Plastic Products EBIT?

Solve Plastic Products's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹27.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹27.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Solve Plastic Products's annualized ROC % for the quarter that ended in Mar. 2024 was 10.11%. Solve Plastic Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 19.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Solve Plastic Products's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.90%.

Solve Plastic Products EBIT Historical Data

The historical data trend for Solve Plastic Products'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.

Solve Plastic Products EBIT Chart

Solve Plastic Products Annual Data
Trend Mar21 Mar22 Mar23 Mar24
EBIT
6.42 8.59 25.94 27.80

Solve Plastic Products Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
EBIT 6.42 8.59 25.94 27.80

Competitive Comparison of Solve Plastic Products's EBIT

For the Electrical Equipment & Parts subindustry, Solve Plastic Products'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.

Solve Plastic Products's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Solve Plastic Products's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Solve Plastic Products's EV-to-EBIT falls into.


Solve Plastic Products 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. 2024 was ₹27.8 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.

Solve Plastic Products  (NSE:BALCO) EBIT Explanation

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

Solve Plastic Products'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: Mar. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=19.25 * ( 1 - 1.51% )/( (182.656 + 192.336)/ 2 )
=18.959325/187.496
=10.11 %

where

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))
=187.427 - 16.221 - ( 0.086 - max(0, 131.871 - 120.421+0.086))
=182.656

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))
=221.153 - 28.72 - ( 0.097 - max(0, 138.725 - 143.344+0.097))
=192.336

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

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

Solve Plastic Products'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: Mar. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=27.801/( ( (49.378 + max(77.548, 0)) + (59.617 + max(95.172, 0)) )/ 2 )
=27.801/( ( 126.926 + 154.789 )/ 2 )
=27.801/140.8575
=19.74 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.193 + 66.919 + 8.361) - (16.221 + 0 + 22.704)
=77.548

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(50.54 + 76.163 + 14.23) - (28.72 + 0 + 17.041)
=95.172

When net working capital is negative, 0 is used.

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

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

Solve Plastic Products's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=27.801/280.805
=9.90 %

* 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.

Solve Plastic Products EBIT Related Terms

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Solve Plastic Products Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solve Plastic Products Ltd (NSE:BALCO) » Definitions » EBIT
Comparable Companies
BOM:517201 NSE:EXCELLENT BOM:517330 BOM:531812 BOM:531460 BOM:537766 BOM:538733 BOM:531472 BOM:530407 BOM:534612 SZSE:300750 XSWX:ABBN XKRX:373220 HAM:OSR BSP:WEGE3 VRT TSE:6503 XPAR:LR BKK:DELTA SZSE:300124
Traded in Other Exchanges
N/A
Address
Powerhouse Ward, 2nd Floor, BALCO Building, XXIX/456, Tholicode P.O. Punalur, Kollam, KL, IND, 691333
Website
https://www.balcopipes.com
Solve Plastic Products Ltd manufactures a comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) Pipes and Rigid PVC Electrical Conduits. The Company is committed to constant innovations in drinking water piping solutions and electrical conduit fittings technologies to meet the constantly increasing demands.

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