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Swastik Pipe (NSE:SWASTIK) EBIT : ₹255 Mil (TTM As of Mar. 2023)


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What is Swastik Pipe EBIT?

Swastik Pipe's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹255 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was ₹255 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Swastik Pipe's annualized ROC % for the quarter that ended in Mar. 2023 was 5.71%. Swastik Pipe's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 9.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Swastik Pipe's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 9.39%.


Swastik Pipe EBIT Historical Data

The historical data trend for Swastik Pipe'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.

Swastik Pipe EBIT Chart

Swastik Pipe Annual Data
Trend Mar20 Mar21 Mar22 Mar23
EBIT
42.00 221.70 375.47 255.39

Swastik Pipe Semi-Annual Data
Mar20 Mar21 Mar22 Mar23
EBIT 42.00 221.70 375.47 255.39

Competitive Comparison of Swastik Pipe's EBIT

For the Steel subindustry, Swastik Pipe'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.


Swastik Pipe's EV-to-EBIT Distribution in the Steel Industry

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

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



Swastik Pipe 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was ₹255 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.


Swastik Pipe  (NSE:SWASTIK) EBIT Explanation

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

Swastik Pipe's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=226.799 * ( 1 - 25.58% )/( (2673.366 + 3243.385)/ 2 )
=168.7838158/2958.3755
=5.71 %

where

Invested Capital(Q: Mar. 2022 )
=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))
=3412.72 - 736.239 - ( 3.115 - max(0, 1618.636 - 2634.682+3.115))
=2673.366

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))
=3957.975 - 647.482 - ( 67.108 - max(0, 1386.062 - 3139.644+67.108))
=3243.385

Note: The Operating Income data used here is one times the annual (Mar. 2023) data.

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

Swastik Pipe's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=255.391/( ( (691.692 + max(1831.602, 0)) + (735.998 + max(2397.464, 0)) )/ 2 )
=255.391/( ( 2523.294 + 3133.462 )/ 2 )
=255.391/2828.378
=9.03 %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1462.746 + 694.333 + 474.488) - (736.239 + 0 + 63.726)
=1831.602

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1641.701 + 789.647 + 641.188) - (647.482 + 0 + 27.59)
=2397.464

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=255.391/2719.955
=9.39 %

* 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.


Swastik Pipe EBIT Related Terms

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Swastik Pipe (NSE:SWASTIK) Business Description

Traded in Other Exchanges
N/A
Address
2, Arihant Nagar, Punjabi Bagh (West), New Delhi, IND, 110026
Swastik Pipe Ltd is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.

Swastik Pipe (NSE:SWASTIK) Headlines

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