Refractory Shapes (NSE:REFRACTORY) EBIT: ₹87.6 Mil (TTM As of Mar. 2025)


NSE:REFRACTORY Refractory Shapes Ltd NSE:REFRACTORY
17 GF Score
Price ₹30.55
! 1 Warning Sign
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What is Refractory Shapes EBIT?

Refractory Shapes NSE:REFRACTORY -4.38% 17 EBIT is ₹87.6 Mil as of Mar. 2025. GuruFocus rates NSE:REFRACTORY with a GF Score™ of 17/100. The stock has 1 warning sign investors should review.

Refractory Shapes's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2025 was ₹42.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2025 was ₹87.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Refractory Shapes's annualized ROC % for the quarter that ended in Mar. 2025 was 10.40%. Refractory Shapes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 17.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Refractory Shapes's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 11.00%.

Refractory Shapes  (NSE:REFRACTORY) EBIT Explanation

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

Refractory Shapes's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=79.816 * ( 1 - 23.95% )/( (574.068 + 593.028)/ 2 )
=60.700068/583.548
=10.40 %

where

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))
=651.792 - 43.695 - ( 34.029 - max(0, 116.689 - 374.457+34.029))
=574.068

Invested Capital(Q: Mar. 2025 )
=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))
=698.997 - 66.282 - ( 39.687 - max(0, 137.348 - 360.567+39.687))
=593.028

Note: The Operating Income data used here is two times the semi-annual (Mar. 2025) data.

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

Refractory Shapes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=84.584/( ( (207.078 + max(270.209, 0)) + (267.282 + max(243.382, 0)) )/ 2 )
=84.584/( ( 477.287 + 510.664 )/ 2 )
=84.584/493.9755
=17.12 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(108.897 + 206.219 + 17.816) - (43.695 + 0 + 19.028)
=270.209

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(126.891 + 167.552 + 20.351) - (66.282 + 0 + 5.13)
=243.382

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2025) EBIT data.

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

Refractory Shapes's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2025 )
=87.643/796.875
=11.00 %

* 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.

Refractory Shapes EBIT Related Terms

Refractory Shapes EBIT Historical Data

* Premium members only.

The historical data trend for Refractory Shapes'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.

Refractory Shapes EBIT Chart

Refractory Shapes Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
EBIT
27.37 41.34 35.05 67.34 87.64

Refractory Shapes Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25
EBIT Get a 7-Day Free Trial 0.00 38.19 29.15 45.35 42.29

NSE:REFRACTORY vs CRH, VMC, MLM: EBIT Comparison

For the Building Materials subindustry, Refractory Shapes'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.

Refractory Shapes EV-to-EBIT vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Refractory Shapes's EV-to-EBIT distribution charts can be found below:

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


NSE:REFRACTORY
17GF Score
Refractory Shapes Ltd NSE:REFRACTORY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Refractory Shapes 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹87.6 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 ₹87.6 Mil mean?
Refractory Shapes (NSE:REFRACTORY) has a EBIT of ₹87.6 Mil as of Mar. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Refractory Shapes.
Is Refractory Shapes' EBIT too high?
Refractory Shapes' current EBIT is ₹87.6 Mil. Overall, Refractory Shapes has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Refractory Shapes' EBIT compare to CRH and VMC?
Refractory Shapes' EBIT of ₹87.6 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good EBIT depends on the Building Materials 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 Refractory Shapes. Refractory Shapes's current EBIT is ₹87.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refractory Shapes stock overvalued right now?
Refractory Shapes (NSE:REFRACTORY) has a current EBIT of ₹87.6 Mil. The current EBIT is ₹87.6 Mil. Refractory Shapes' overall GF Score™ is 17/100 with 1 warning sign to review. 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 Refractory Shapes (NSE:REFRACTORY), the current EBIT is ₹87.6 Mil as of Mar. 2025. 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.

Refractory Shapes Business Description

Address Andheri-Kurla Road, B 201, Rustomjee Central Park Chakala, Andheri (East), Mumbai, MH, IND, 400069
Refractory Shapes Ltd is engaged in the production of special shapes, custom-made refractory shapes, and ceramic balls of low and medium purity with top quality and superior performance. The company manufactures bricks, castables, coating materials, high purity alumina catalyst bed supports, and ceramic balls. It serves industries including steel, refineries, fertilizers, petrochemicals, glass, and cement. The company has an international presence across multiple countries and is known for its quality, skilled workforce, and quality assurance.
17GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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