Pincon Spirit (NSE:PINCON) EBIT: ₹1,063 Mil (TTM As of Sep. 2017)


What is Pincon Spirit EBIT?

Pincon Spirit NSE:PINCON EBIT is ₹1,063 Mil as of Sep. 2017.

Pincon Spirit's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2017 was ₹562 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2017 was ₹1,063 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pincon Spirit's annualized ROC % for the quarter that ended in Sep. 2017 was 13.27%. Pincon Spirit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2017 was 25.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pincon Spirit's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2017 was 328.49%.

Pincon Spirit  (NSE:PINCON) EBIT Explanation

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

Pincon Spirit's annualized ROC % for the quarter that ended in Sep. 2017 is calculated as:

ROC % (Q: Sep. 2017 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2017 ) + Invested Capital (Q: Sep. 2017 ))/ count )
=1123.662 * ( 1 - 32.16% )/( (5366.41 + 6120.664)/ 2 )
=762.2923008/5743.537
=13.27 %

where

Invested Capital(Q: Mar. 2017 )
=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))
=5586.76 - 215.228 - ( 5.122 - max(0, 3399.646 - 4767.738+5.122))
=5366.41

Invested Capital(Q: Sep. 2017 )
=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))
=6417.895 - 45.049 - ( 252.182 - max(0, 3655.076 - 5411.613+252.182))
=6120.664

Note: The Operating Income data used here is two times the semi-annual (Sep. 2017) data.

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

Pincon Spirit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2017 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2017  Q: Sep. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1123.662/( ( (416.21 + max(3677.064, 0)) + (432.147 + max(4415.07, 0)) )/ 2 )
=1123.662/( ( 4093.274 + 4847.217 )/ 2 )
=1123.662/4470.2455
=25.14 %

where Working Capital is:

Working Capital(Q: Mar. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2085.548 + 2096.943 + 580.125) - (215.228 + 0 + 870.324)
=3677.064

Working Capital(Q: Sep. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2868.576 + 2290.855 + 0) - (45.049 + 0 + 699.312)
=4415.07

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2017) EBIT data.

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

Pincon Spirit's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2017 )
=1062.83/323.553
=328.49 %

* 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.

Pincon Spirit EBIT Related Terms

Pincon Spirit EBIT Historical Data

* Premium members only.

The historical data trend for Pincon Spirit'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.

Pincon Spirit EBIT Chart

Pincon Spirit Annual Data
Trend Mar14 Mar15 Mar16 Mar17
EBIT
164.76 331.84 558.37 925.67

Pincon Spirit Semi-Annual Data
Mar14 Mar15 Mar16 Sep16 Mar17 Sep17
EBIT Get a 7-Day Free Trial 0.00 0.00 424.67 501.00 561.83

NSE:PINCON vs THST, JCTG, VDKB: EBIT Comparison

For the Beverages - Wineries & Distilleries subindustry, Pincon Spirit'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.

Pincon Spirit EV-to-EBIT vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Pincon Spirit's EV-to-EBIT distribution charts can be found below:

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


Pincon Spirit 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. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹1,063 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹1,063 Mil mean?
Pincon Spirit (NSE:PINCON) has a EBIT of ₹1,063 Mil as of Sep. 2017. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Pincon Spirit.
Is Pincon Spirit's EBIT too high?
Pincon Spirit's current EBIT is ₹1,063 Mil.
How does Pincon Spirit's EBIT compare to THST and JCTG?
Pincon Spirit's EBIT of ₹1,063 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Beverages - Alcoholic company?
A good EBIT depends on the Beverages - Alcoholic industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Pincon Spirit. Pincon Spirit's current EBIT is ₹1,063 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pincon Spirit stock overvalued right now?
Pincon Spirit (NSE:PINCON) has a current EBIT of ₹1,063 Mil. The current EBIT is ₹1,063 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Pincon Spirit (NSE:PINCON), the current EBIT is ₹1,063 Mil as of Sep. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pincon Spirit Business Description

Address Number 103, 3rd Floor, Samskruthi Chambers, K.H Road, Shanthi Nagar, Bengaluru, KA, IND, 560027
Pincon Spirit Ltd is engaged in blending, bottling and wholesale distributions of Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL) and refining, packaging and wholesale distributions of fast moving consumer goods. The company derives its revenue from its Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL) segment. The Edible oils business segment is engaged in the manufacture of edible oils and the Company owns a refining and packaging unit.