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Indian Emulsifiers (NSE:IEML) EBIT : ₹ Mil (TTM As of Mar. 2023)


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What is Indian Emulsifiers EBIT?

Indian Emulsifiers's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹59.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Indian Emulsifiers's annualized ROC % for the quarter that ended in Mar. 2023 was 21.80%. Indian Emulsifiers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 23.59%.

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

Indian Emulsifiers EBIT Historical Data

The historical data trend for Indian Emulsifiers'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.

Indian Emulsifiers EBIT Chart

Indian Emulsifiers Annual Data
Trend Mar21 Mar22 Mar23
EBIT
-0.04 4.52 59.51

Indian Emulsifiers Semi-Annual Data
Mar21 Mar22 Mar23
EBIT -0.04 4.52 59.51

Competitive Comparison of Indian Emulsifiers's EBIT

For the Specialty Chemicals subindustry, Indian Emulsifiers'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.

Indian Emulsifiers's EV-to-EBIT Distribution in the Chemicals Industry

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

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


Indian Emulsifiers 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.

Indian Emulsifiers  (NSE:IEML) EBIT Explanation

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

Indian Emulsifiers'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 )
=66.798 * ( 1 - 16.02% )/( (188.958 + 325.605)/ 2 )
=56.0969604/257.2815
=21.80 %

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))
=191.022 - 1.794 - ( 0.27 - max(0, 31.68 - 92.652+0.27))
=188.958

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))
=343.226 - 10.058 - ( 7.563 - max(0, 105.564 - 215.232+7.563))
=325.605

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

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

Indian Emulsifiers'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 )
=59.505/( ( (97.866 + max(90.589, 0)) + (127.199 + max(188.878, 0)) )/ 2 )
=59.505/( ( 188.455 + 316.077 )/ 2 )
=59.505/252.266
=23.59 %

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)
=(29.155 + 12.018 + 51.209) - (1.794 + 0 + -0.0010000000000012)
=90.589

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(80.498 + 87.513 + 39.658) - (10.058 + 0 + 8.733)
=188.878

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:

Indian Emulsifiers's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=/3466.035
= %

* 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.

Indian Emulsifiers EBIT Related Terms

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Indian Emulsifiers Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Indian Emulsifiers Ltd (NSE:IEML) » Definitions » EBIT
Comparable Companies
Traded in Other Exchanges
N/A
Address
Shivram Seth Amrutwar Road, Off Pandurang Budhwar Marg, Shop 206, Foor-2, Sumer Kendra, Doordarshan Kendra, Worli, Mumbai, MH, IND, 400018
Website
https://www.indianemulsifiers.com
Indian Emulsifiers Ltd is engaged in Manufacturing and Supplying of Specialty Chemicals. Its product include Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The company serves specialty chemicals to wide range of industries such as Mining, Textile, Cleaning Industry, Metal Working, Lubricants, Food and Other Industries.

Indian Emulsifiers Headlines

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