Excel Industries (NSE:EXCELINDUS) EBIT : ₹245 Mil (TTM As of Mar. 2024)

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What is Excel Industries EBIT?

Excel Industries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹245 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Excel Industries's annualized ROC % for the quarter that ended in Mar. 2024 was 1.00%. Excel Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Excel Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.14%.

Excel Industries EBIT Historical Data

The historical data trend for Excel Industries'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.

Excel Industries EBIT Chart

Excel Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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1,174.64

1,025.85

2,149.54

1,079.43

245.29

Excel Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															54.51	82.89	22.12	48.32	91.95

Competitive Comparison of Excel Industries's EBIT

For the Specialty Chemicals subindustry, Excel Industries'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.

Excel Industries's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Excel Industries's EV-to-EBIT distribution charts can be found below:

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

Excel Industries 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 quarterly data reported by the company within the most recent 12 months, which was ₹245 Mil.

Excel Industries (NSE:EXCELINDUS) EBIT Explanation

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

Excel Industries'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: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	185.396 * ( 1 - 25.03% )	/	( (0	+	13937.406)	/ 1 )
=	138.9913812	/	13937.406
=	1.00 %

where

	Invested Capital		(Q: Dec. 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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	17955.301	-	1857.691	-	( 2160.204	-	max(0, 2031.203	-	5197.23	+	2160.204	))
=	13937.406

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

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

Excel Industries'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: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	367.796	/	( ( (0 + max(0, 0))	+	(4256.494 + max(993.722, 0)) )	/	1 )
=	367.796	/	( ( 0	+	5250.216 )	/	1 )
=	367.796	/	5250.216
=	7.01 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1847.572	+	1063.914	+	113.414)	-	(1857.691	+	0	+	173.487)
=	993.722

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Excel Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	245.286	/	11458.464
	=	2.14 %

Excel Industries EBIT Related Terms

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Excel Industries (NSE:EXCELINDUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Excel Industries Ltd (NSE:EXCELINDUS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

500650:India

Address

184-87, Swami Vivekanand Road, Jogeshwari (West), Mumbai, MH, IND, 400 102

Website

https://www.excelind.co.in

Excel Industries Ltd is a chemical manufacturer based in India. The company is organized into two business segments namely; Chemicals segment which comprises of industrial and specialty chemicals, pesticides intermediates, polymer and pharma intermediates; and Environment and Biotech segment which comprises of soil enricher, biopesticides, and bioproducts. Apart from these segments company also focuses on waste management area where it converts solid waste into organic soil conditioner. The majority of its revenues come from the Indian market, while it also has a presence in the International market.

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