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Gala Precision Engineering (NSE:GALAPREC) EBIT : ₹331 Mil (TTM As of Sep. 2024)


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What is Gala Precision Engineering EBIT?

Gala Precision Engineering's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was ₹169 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₹331 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gala Precision Engineering's annualized ROC % for the quarter that ended in Sep. 2024 was 14.03%. Gala Precision Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 23.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gala Precision Engineering's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.42%.

Gala Precision Engineering EBIT Historical Data

The historical data trend for Gala Precision Engineering'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.

Gala Precision Engineering EBIT Chart

Gala Precision Engineering Annual Data
Trend Mar21 Mar22 Mar23 Mar24
EBIT
75.73 160.03 325.07 311.05

Gala Precision Engineering Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
EBIT Get a 7-Day Free Trial - - 149.65 161.40 169.29

Competitive Comparison of Gala Precision Engineering's EBIT

For the Specialty Industrial Machinery subindustry, Gala Precision Engineering'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.

Gala Precision Engineering's EV-to-EBIT Distribution in the Industrial Products Industry

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

* The bar in red indicates where Gala Precision Engineering's EV-to-EBIT falls into.


Gala Precision Engineering 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 ₹331 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.

Gala Precision Engineering  (NSE:GALAPREC) EBIT Explanation

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

Gala Precision Engineering'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 )
=327.04 * ( 1 - 21.07% )/( (1721.36 + 1958.68)/ 2 )
=258.132672/1840.02
=14.03 %

where

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))
=1886.85 - 148.55 - ( 16.94 - max(0, 677.03 - 1143.27+16.94))
=1721.36

Invested Capital(Q: Sep. 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))
=2945.86 - 188.42 - ( 798.76 - max(0, 360.33 - 2047.82+798.76))
=1958.68

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:

Gala Precision Engineering'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 )
=338.58/( ( (504.88 + max(900.44, 0)) + (552.7 + max(930.63, 0)) )/ 2 )
=338.58/( ( 1405.32 + 1483.33 )/ 2 )
=338.58/1444.325
=23.44 %

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)
=(469.68 + 576.5 + 69.62) - (148.55 + 0 + 66.81)
=900.44

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(446.5 + 698.2 + 101.54) - (188.42 + 0 + 127.19)
=930.63

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:

Gala Precision Engineering's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=330.69/13643.769
=2.42 %

* 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.

Gala Precision Engineering EBIT Related Terms

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Gala Precision Engineering Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gala Precision Engineering Ltd (NSE:GALAPREC) » Definitions » EBIT
Comparable Companies
Traded in Other Exchanges
544244:India
Address
Ghodbunder Road Majiwade, A-801, 8th Floor, Thane One DIL Complex, Thane West, Thane, MH, IND, 400610
Website
https://www.galagroup.com
Gala Precision Engineering Ltd is a precision component manufacturer of technical springs like disc & strip springs (DSS) including wedge lock washers; coil & spiral springs (CSS) and special fastening solutions (SFS) supplying to original equipment manufacturers (OEMs), Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydropower plants, various industrial sectors such as electrical, off-highway equipments, infrastructure and general engineering, mobility segments such as automotive and railways.

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