SP Refractories (NSE:SPRL) EBIT : ₹19.7 Mil (TTM As of Sep. 2023)

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What is SP Refractories EBIT?

SP Refractories's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was ₹11.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was ₹19.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SP Refractories's annualized ROC % for the quarter that ended in Sep. 2023 was 11.32%. SP Refractories's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 16.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SP Refractories's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 2.88%.

SP Refractories EBIT Historical Data

The historical data trend for SP Refractories'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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SP Refractories EBIT Chart

SP Refractories Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

6.80

9.96

12.53

17.79

12.42

SP Refractories Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial			12.15	5.64	4.57	7.85	11.89

Competitive Comparison of SP Refractories's EBIT

For the Building Materials subindustry, SP Refractories'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.

SP Refractories's EV-to-EBIT Distribution in the Building Materials Industry

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

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

SP Refractories 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹19.7 Mil.

SP Refractories (NSE:SPRL) EBIT Explanation

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

SP Refractories's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	23.778 * ( 1 - 28.34% )	/	( (143.937	+	157.24)	/ 2 )
=	17.0393148	/	150.5885
=	11.32 %

where

	Invested Capital		(Q: Mar. 2023 )
=	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	))
=	160.99	-	16.98	-	( 0.073	-	max(0, 50.285	-	96.77	+	0.073	))
=	143.937

	Invested Capital		(Q: Sep. 2023 )
=	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	))
=	169.096	-	11.824	-	( 0.032	-	max(0, 51.421	-	101.508	+	0.032	))
=	157.24

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

SP Refractories's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	23.78	/	( ( (62.949 + max(79.539, 0))	+	(66.407 + max(81.754, 0)) )	/	2 )
=	23.78	/	( ( 142.488	+	148.161 )	/	2 )
=	23.78	/	145.3245
=	16.36 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(60.919	+	30.382	+	5.396)	-	(16.98	+	0	+	0.178)
=	79.539

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(61.814	+	27.589	+	11.987)	-	(11.824	+	0	+	7.812)
=	81.754

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	19.735	/	684.194
	=	2.88 %

SP Refractories EBIT Related Terms

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SP Refractories (NSE:SPRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » SP Refractories Ltd (NSE:SPRL) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Hingna Road, M-10, M-11/1 & M-11/2, MIDC Industrial Area, Nagpur, MH, IND, 440016

Website

https://www.sprefractories.com

SP Refractories Ltd is engaged in manufacturing and supplying refractory material made using hydrated lime, calcined alumina, and other raw materials. The Company is involved in single segment of manufacturing and supplying of high quality refractory material. Its core focus is on refractory cement which is a niche and high-margin cement widely used in iron and steel and construction industries because of its thermal conductivity, maximum strength, and heat resistance.

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