GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steelcast Ltd (NSE:STEELCAS) » Definitions » EBIT

Steelcast (NSE:STEELCAS) EBIT : ₹869 Mil (TTM As of Dec. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Steelcast EBIT?

Steelcast's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was ₹261 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was ₹869 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Steelcast's annualized ROC % for the quarter that ended in Dec. 2024 was 29.22%. Steelcast's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 51.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Steelcast's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 5.84%.


Steelcast EBIT Historical Data

The historical data trend for Steelcast'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.

Steelcast EBIT Chart

Steelcast Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 217.62 192.34 462.90 976.48 1,019.62

Steelcast Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 234.73 253.32 176.34 179.26 260.56

Competitive Comparison of Steelcast's EBIT

For the Steel subindustry, Steelcast'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.


Steelcast's EV-to-EBIT Distribution in the Steel Industry

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

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


;
;

Steelcast 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹869 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.


Steelcast  (NSE:STEELCAS) EBIT Explanation

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

Steelcast's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=1006.768 * ( 1 - 25.6% )/( (2563.318 + 0)/ 1 )
=749.035392/2563.318
=29.22 %

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))
=3338.07 - 198.276 - ( 576.476 - max(0, 366.54 - 1598.198+576.476))
=2563.318

Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.

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

Steelcast's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1042.224/( ( (1382.241 + max(644.945, 0)) + (0 + max(0, 0)) )/ 1 )
=1042.224/( ( 2027.186 + 0 )/ 1 )
=1042.224/2027.186
=51.41 %

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)
=(526.35 + 341.135 + 144) - (198.276 + 0 + 168.264)
=644.945

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=869.48/14889.920
=5.84 %

* 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.


Steelcast EBIT Related Terms

Thank you for viewing the detailed overview of Steelcast's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Steelcast Business Description

Traded in Other Exchanges
Address
Ruvapari Road, Bhavnagar, GJ, IND, 364005
Steelcast Ltd is engaged in the steel business sector and has various product lines that include carbon steel, low alloy steel, high alloy steel, and other superior grades of wear and abrasion-resistant steel castings produced by no-bake and shell molding processes with quality control facilities. It operates under a segment that is the Casting Manufacturing business. The company caters to the following industries that are earthmoving equipment, mining equipment, construction equipment, casting for steel plants, casting for cement plants, and railways. In terms of revenue, the company earns the majority of its revenue from Outside India .

Steelcast Headlines

No Headlines