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Mandeep Auto Industries (NSE:MANDEEP) EBIT : ₹ Mil (TTM As of Mar. 2023)


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What is Mandeep Auto Industries EBIT?

Mandeep Auto Industries's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹16.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mandeep Auto Industries's annualized ROC % for the quarter that ended in Mar. 2023 was 8.07%. Mandeep Auto Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 14.90%.

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

Mandeep Auto Industries EBIT Historical Data

The historical data trend for Mandeep Auto 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.

Mandeep Auto Industries EBIT Chart

Mandeep Auto Industries Annual Data
Trend Mar21 Mar22 Mar23
EBIT
8.54 9.69 16.63

Mandeep Auto Industries Semi-Annual Data
Mar21 Mar22 Mar23
EBIT 8.54 9.69 16.63

Competitive Comparison of Mandeep Auto Industries's EBIT

For the Auto Parts subindustry, Mandeep Auto 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.

Mandeep Auto Industries's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mandeep Auto Industries's EV-to-EBIT distribution charts can be found below:

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


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Mandeep Auto 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.

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.

Mandeep Auto Industries  (NSE:MANDEEP) EBIT Explanation

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

Mandeep Auto Industries'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 )
=12.724 * ( 1 - 26% )/( (97.677 + 135.752)/ 2 )
=9.41576/116.7145
=8.07 %

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))
=129.781 - 31.641 - ( 0.463 - max(0, 57.299 - 87.315+0.463))
=97.677

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))
=196.315 - 60.267 - ( 0.296 - max(0, 125.529 - 154.969+0.296))
=135.752

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

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

Mandeep Auto Industries'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 )
=16.632/( ( (42.441 + max(51.882, 0)) + (41.321 + max(87.552, 0)) )/ 2 )
=16.632/( ( 94.323 + 128.873 )/ 2 )
=16.632/111.598
=14.90 %

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)
=(17.623 + 66.989 + 2.24) - (31.641 + 0 + 3.329)
=51.882

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(50.486 + 97.53 + 6.657) - (60.267 + 0 + 6.854)
=87.552

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=/343.154
= %

* 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.

Mandeep Auto Industries EBIT Related Terms

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Mandeep Auto Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mandeep Auto Industries Ltd (NSE:MANDEEP) » Definitions » EBIT
Comparable Companies
BOM:531346 BOM:539040 BOM:520141 BOM:530369 BOM:539246 BOM:541178 NSE:ITTL BOM:543606 BOM:543065 BOM:521244 TSE:6902 TSE:5108 XPAR:ML SHSE:600660 XKRX:012330 GPC XTER:KBX XTER:CON SHSE:601689 APTV
Traded in Other Exchanges
N/A
Address
30 Feet Road, Plot No 26, Sector 53, Sarurpur Industrial Area, Nangla Gujran, Faridabad, HR, IND, 121001
Website
https://www.mandeepautoindustries.com
Mandeep Auto Industries Ltd is engaged in the business of manufacturing and supplying sheet metal components, auto parts, and all types of sprocket gears and machined components. The products of the company are used in various industries such as tractors, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc.

Mandeep Auto Industries Headlines

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