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Thaai Casting (NSE:TCL) EBIT : ₹173.2 Mil (TTM As of Mar. 2024)


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What is Thaai Casting EBIT?

Thaai Casting's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹173.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹173.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thaai Casting's annualized ROC % for the quarter that ended in Mar. 2024 was 31.49%. Thaai Casting's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 46.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Thaai Casting's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.55%.


Thaai Casting EBIT Historical Data

The historical data trend for Thaai Casting'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.

Thaai Casting EBIT Chart

Thaai Casting Annual Data
Trend Mar21 Mar22 Mar23 Mar24
EBIT
12.53 30.92 95.26 173.23

Thaai Casting Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
EBIT 12.53 30.92 95.26 173.23

Competitive Comparison of Thaai Casting's EBIT

For the Auto Parts subindustry, Thaai Casting'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.


Thaai Casting's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thaai Casting's EV-to-EBIT distribution charts can be found below:

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


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Thaai Casting 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹173.2 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.


Thaai Casting  (NSE:TCL) EBIT Explanation

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

Thaai Casting's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=346.184 * ( 1 - 26.47% )/( (485.564 + 1131.335)/ 2 )
=254.5490952/808.4495
=31.49 %

where

Invested Capital(Q: Mar. 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))
=1352.322 - 105.751 - ( 115.236 - max(0, 445.13 - 699.542+115.236))
=1131.335

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) data.

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

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

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=346.464/( ( (308.005 + max(121.394, 0)) + (651.761 + max(419.236, 0)) )/ 2 )
=346.464/( ( 429.399 + 1070.997 )/ 2 )
=346.464/750.198
=46.18 %

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)
=(93.419 + 45.902 + 67.694) - (62.987 + 0 + 22.634)
=121.394

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(119.06 + 276.585 + 188.661) - (105.751 + 0 + 59.319)
=419.236

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=173.232/2643.446
=6.55 %

* 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.


Thaai Casting EBIT Related Terms

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Thaai Casting Business Description

Traded in Other Exchanges
N/A
Address
7th Cross Street, No. A-20 SIPCOT Industrial Park, Pillaipakkam, Tiruvallur, Sriperumbudur, TN, IND, 602105
Thaai Casting Ltd is a distinguished automotive ancillary company, specializing in high-pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. Its products portfolio encompasses a diverse range of Automobile components, including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover, and more.

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