Speb Adhesives (NSE:SPEB) EBIT: ₹92.9 Mil (TTM As of Mar. 2026)


NSE:SPEB Speb Adhesives Ltd NSE:SPEB
21 GF Score
Price ₹86.95
! 4 Warning Signs
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What is Speb Adhesives EBIT?

Speb Adhesives NSE:SPEB +2.29% 21 EBIT is ₹92.9 Mil as of Mar. 2026. GuruFocus rates NSE:SPEB with a GF Score™ of 21/100. The stock has 4 warning signs investors should review.

Speb Adhesives's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was ₹43.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹92.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Speb Adhesives's annualized ROC % for the quarter that ended in Mar. 2026 was 20.74%. Speb Adhesives's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Speb Adhesives's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.61%.

Speb Adhesives  (NSE:SPEB) EBIT Explanation

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

Speb Adhesives's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=75.558 * ( 1 - 26.7% )/( (266.686 + 267.335)/ 2 )
=55.384014/267.0105
=20.74 %

where

Invested Capital(Q: Sep. 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))
=318.778 - 17.659 - ( 34.433 - max(0, 28.138 - 231.773+34.433))
=266.686

Invested Capital(Q: Mar. 2026 )
=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))
=579.711 - 15.669 - ( 296.707 - max(0, 21.234 - 413.38+296.707))
=267.335

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Speb Adhesives's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=87.69/( ( (86.969 + max(169.165, 0)) + (35.024 + max(91.142, 0)) )/ 2 )
=87.69/( ( 256.134 + 126.166 )/ 2 )
=87.69/191.15
=45.87 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(105.986 + 28.57 + 62.747) - (17.659 + 0 + 10.479)
=169.165

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(80.424 + 31.431 + 0.60699999999997) - (15.669 + 0 + 5.651)
=91.142

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=92.911/1656.501
=5.61 %

* 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.

Speb Adhesives EBIT Related Terms

Speb Adhesives EBIT Historical Data

* Premium members only.

The historical data trend for Speb Adhesives'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.

Speb Adhesives EBIT Chart

Speb Adhesives Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
36.54 25.21 66.44 84.59 92.91

Speb Adhesives Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Sep25 Mar26
EBIT Get a 7-Day Free Trial 0.00 0.00 46.81 49.07 43.85

NSE:SPEB vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Speb Adhesives'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.

Speb Adhesives EV-to-EBIT vs Chemicals Industry

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

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


NSE:SPEB
21GF Score
Speb Adhesives Ltd NSE:SPEB
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Speb Adhesives 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. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹92.9 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 ₹92.9 Mil mean?
Speb Adhesives (NSE:SPEB) has a EBIT of ₹92.9 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Speb Adhesives.
Is Speb Adhesives' EBIT too high?
Speb Adhesives' current EBIT is ₹92.9 Mil. Overall, Speb Adhesives has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Speb Adhesives' EBIT compare to LIN and SHW?
Speb Adhesives' EBIT of ₹92.9 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good EBIT depends on the Chemicals 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 Speb Adhesives. Speb Adhesives's current EBIT is ₹92.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speb Adhesives stock overvalued right now?
Speb Adhesives (NSE:SPEB) has a current EBIT of ₹92.9 Mil. The current EBIT is ₹92.9 Mil. Speb Adhesives' overall GF Score™ is 21/100 with 4 warning signs 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 Speb Adhesives (NSE:SPEB), the current EBIT is ₹92.9 Mil as of Mar. 2026. 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.

Speb Adhesives Business Description

Address Plot no. J 33, MIDC, Taloja, Raigad, Panvel, MH, IND, 410208
Speb Adhesives Ltd is engaged in the manufacturing of solvent-based synthetic rubber adhesives and offers water-based adhesives. The company focuses on in-house manufacturing of solvent-based adhesives, with water-based adhesives being produced on a contractual manufacturing basis. Its product portfolio includes various products customized for industrial and retail applications, such as multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in Generator Sets. The company operates a B2B model through three business channels: dealer-distribution network, industrial sales, and government supply contracts. It generates the majority of its revenue from overseas markets.
21GF Score

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

₹86.95
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