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TAC Infosec (NSE:TAC) EBIT : ₹20.36 Mil (TTM As of Sep. 2023)


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What is TAC Infosec EBIT?

TAC Infosec's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was ₹20.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was ₹20.36 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TAC Infosec's annualized ROC % for the quarter that ended in Sep. 2023 was 54.67%. TAC Infosec's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 81.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TAC Infosec's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 0.20%.

TAC Infosec EBIT Historical Data

The historical data trend for TAC Infosec'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.

TAC Infosec EBIT Chart

TAC Infosec Annual Data
Trend Mar21 Mar22 Mar23
EBIT
8.59 9.12 51.76

TAC Infosec Semi-Annual Data
Mar21 Mar22 Mar23 Sep23
EBIT - - - 20.36

Competitive Comparison of TAC Infosec's EBIT

For the Software - Application subindustry, TAC Infosec'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.

TAC Infosec's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, TAC Infosec's EV-to-EBIT distribution charts can be found below:

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


TAC Infosec 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 ₹20.36 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.

TAC Infosec  (NSE:TAC) EBIT Explanation

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

TAC Infosec'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 )
=40.772 * ( 1 - 3.51% )/( (62.928 + 81.006)/ 2 )
=39.3409028/71.967
=54.67 %

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))
=97.765 - 6.1 - ( 28.737 - max(0, 19.046 - 81.652+28.737))
=62.928

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))
=121.302 - 8.982 - ( 31.314 - max(0, 23.791 - 103.463+31.314))
=81.006

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:

TAC Infosec'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 )
=40.71/( ( (7.917 + max(34.804, 0)) + (6.98 + max(49.828, 0)) )/ 2 )
=40.71/( ( 42.721 + 56.808 )/ 2 )
=40.71/49.7645
=81.81 %

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)
=(43.665 + 0 + 8.212) - (6.1 + 0 + 10.973)
=34.804

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(64.798 + 0 + 6.843) - (8.982 + 0 + 12.831)
=49.828

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=20.355/10042.350
=0.20 %

* 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.

TAC Infosec EBIT Related Terms

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TAC Infosec Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » TAC Infosec Ltd (NSE:TAC) » Definitions » EBIT
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Traded in Other Exchanges
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Address
CST Road, 91 Springboard, Kagalwala House, 01st Floor, C Block, 175, CST Road, Kalina, Santacruz East, Mumbai, MH, IND, 400098
Website
https://www.tacsecurity.com
TAC Infosec Ltd is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification, and services of Penetration testing to organizations of any scale, size, and business through the SaaS model. It offers security software products and solutions both in India and internationally. and its end customers are Banks and Financial Institutions, government regulatory bodies and departments, and large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, etc. Its flagship software product is ESOF (Enterprise Security in One Framework) which is a vulnerability management platform consisting of various product portfolios namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, and ESOF CRQ.