Shigan Quantum Technologies (NSE:SHIGAN) EBIT : ₹150 Mil (TTM As of Sep. 2024)

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What is Shigan Quantum Technologies EBIT?

Shigan Quantum Technologies's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was ₹89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₹150 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shigan Quantum Technologies's annualized ROC % for the quarter that ended in Sep. 2024 was 10.40%. Shigan Quantum Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 20.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shigan Quantum Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.49%.

Shigan Quantum Technologies EBIT Historical Data

The historical data trend for Shigan Quantum Technologies'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.

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Shigan Quantum Technologies EBIT Chart

Shigan Quantum Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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45.97

56.81

75.88

103.89

Shigan Quantum Technologies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
EBIT	Get a 7-Day Free Trial					79.08	-3.20	43.42	60.48	89.38

Competitive Comparison of Shigan Quantum Technologies's EBIT

For the Auto Parts subindustry, Shigan Quantum Technologies'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.

Shigan Quantum Technologies's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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

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Shigan Quantum Technologies 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 ₹150 Mil.

Shigan Quantum Technologies (NSE:SHIGAN) EBIT Explanation

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

Shigan Quantum Technologies'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 )
=	176.582 * ( 1 - 28.07% )	/	( (1181.203	+	1261.496)	/ 2 )
=	127.0154326	/	1221.3495
=	10.40 %

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	))
=	1516.748	-	333.927	-	( 1.618	-	max(0, 725.471	-	1283.279	+	1.618	))
=	1181.203

	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	))
=	1634.634	-	292.952	-	( 80.186	-	max(0, 785.653	-	1326.764	+	80.186	))
=	1261.496

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:

Shigan Quantum Technologies'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 )
=	178.75	/	( ( (161.764 + max(930.077, 0))	+	(242.758 + max(391.091, 0)) )	/	2 )
=	178.75	/	( ( 1091.841	+	633.849 )	/	2 )
=	178.75	/	862.845
=	20.72 %

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)
=	(210.497	+	518.19	+	550.311)	-	(333.927	+	0	+	14.994)
=	930.077

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(246.494	+	506.744	+	2.1700000000001)	-	(292.952	+	0	+	71.365)
=	391.091

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:

Shigan Quantum Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	149.851	/	1764.178
	=	8.49 %

Shigan Quantum Technologies EBIT Related Terms

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Shigan Quantum Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shigan Quantum Technologies Ltd (NSE:SHIGAN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Alier Bhangrola Road, Hall No. 2, 3, 6-8, Ground Floor and First floor, Shyam Udyog Parisar, Khasra No. 25/1, 15/3/2, IMT Manesar, Gurugram, HR, IND, 122052

Website

https://www.shigan-quantum.com

Shigan Quantum Technologies Ltd is engaged in the business of designing, developing, and manufacturing a variety of alternate fuel systems components, including compressed natural gas, liquefied natural gas, and hydrogen fuel kit systems for original equipment manufacturer suppliers to the auto industry. The company manufactures alternate fuel systems for heavy-duty vehicles, light-duty vehicles, and off-highway applications. Its product portfolio includes CNG filters, engine control units, fuel rails, injectors, filler valves, and others.

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