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Sanstar (NSE:SANSTAR) EBIT : ₹908 Mil (TTM As of Sep. 2024)


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What is Sanstar EBIT?

Sanstar's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was ₹369 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₹908 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sanstar's annualized ROC % for the quarter that ended in Sep. 2024 was 11.22%. Sanstar's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 16.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sanstar's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 4.31%.

Sanstar EBIT Historical Data

The historical data trend for Sanstar'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.

Sanstar EBIT Chart

Sanstar Annual Data
Trend Mar21 Mar22 Mar23 Mar24
EBIT
281.60 307.07 640.65 992.09

Sanstar Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
EBIT Get a 7-Day Free Trial - - 452.75 539.34 368.79

Competitive Comparison of Sanstar's EBIT

For the Chemicals subindustry, Sanstar'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.

Sanstar's EV-to-EBIT Distribution in the Chemicals Industry

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

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


Sanstar 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 ₹908 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.

Sanstar  (NSE:SANSTAR) EBIT Explanation

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

Sanstar'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 )
=663.512 * ( 1 - 23.94% )/( (4206.55 + 4788.362)/ 2 )
=504.6672272/4497.456
=11.22 %

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))
=5275.69 - 1063.61 - ( 5.53 - max(0, 2111.41 - 3035.15+5.53))
=4206.55

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))
=8150.699 - 273.945 - ( 3088.392 - max(0, 846.518 - 5753.816+3088.392))
=4788.362

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:

Sanstar'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 )
=737.574/( ( (2225.96 + max(1881.7, 0)) + (2382.953 + max(2248.902, 0)) )/ 2 )
=737.574/( ( 4107.66 + 4631.855 )/ 2 )
=737.574/4369.7575
=16.88 %

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)
=(1175.13 + 1140.26 + 710.56) - (1063.61 + 0 + 80.64)
=1881.7

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(919.573 + 565.481 + 1180.37) - (273.945 + 0 + 142.577)
=2248.902

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=908.131/21092.903
=4.31 %

* 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.

Sanstar EBIT Related Terms

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Sanstar Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sanstar Ltd (NSE:SANSTAR) » Definitions » EBIT
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Traded in Other Exchanges
544217:India
Address
Mahalaxmi Char Rasta, Near Parimal Under Bridge, Sanstar House, Opposite Suvidha Shopping Centre, Paldi, Ahmedabad, GJ, IND, 380007
Website
https://www.sanstar.in
Sanstar Ltd is a manufacturer of plant-based products and ingredient solutions in India for food, animal nutrition, and other industrial applications. Its products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and co-products like germs, gluten, fiber, and enriched protein, amongst others. The company operates in one business segment i.e. Corn Wet Milling comprising mainly the manufacture of starches, its derivatives, and by-product. Key revenue is generated from India.

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