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Techera Engineering (India) (NSE:TECHERA) EBIT : ₹67.8 Mil (TTM As of Mar. 2024)


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What is Techera Engineering (India) EBIT?

Techera Engineering (India)'s earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹67.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹67.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Techera Engineering (India)'s annualized ROC % for the quarter that ended in Mar. 2024 was 20.73%. Techera Engineering (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 25.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Techera Engineering (India)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.00%.

Techera Engineering (India) EBIT Historical Data

The historical data trend for Techera Engineering (India)'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.

Techera Engineering (India) EBIT Chart

Techera Engineering (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24
EBIT
4.50 -55.66 22.79 67.78

Techera Engineering (India) Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
EBIT 4.50 -55.66 22.79 67.78

Competitive Comparison of Techera Engineering (India)'s EBIT

For the Aerospace & Defense subindustry, Techera Engineering (India)'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.

Techera Engineering (India)'s EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Techera Engineering (India)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Techera Engineering (India)'s EV-to-EBIT falls into.


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Techera Engineering (India) 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. 2024 was ₹67.8 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.

Techera Engineering (India)  (NSE:TECHERA) EBIT Explanation

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

Techera Engineering (India)'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 )
=70.368 * ( 1 - 13.55% )/( (268.952 + 318.001)/ 2 )
=60.833136/293.4765
=20.73 %

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))
=392.115 - 122.668 - ( 0.495 - max(0, 224.203 - 276.323+0.495))
=268.952

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))
=372.387 - 54.306 - ( 0.08 - max(0, 153.107 - 240.409+0.08))
=318.001

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

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

Techera Engineering (India)'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 )
=67.776/( ( (108.671 + max(135.765, 0)) + (111.736 + max(172.934, 0)) )/ 2 )
=67.776/( ( 244.436 + 284.67 )/ 2 )
=67.776/264.553
=25.62 %

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)
=(192.83 + 35.597 + 46.974) - (122.668 + 0 + 16.968)
=135.765

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(174.189 + 21.003 + 43.235) - (54.306 + 0 + 11.187)
=172.934

When net working capital is negative, 0 is used.

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

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

Techera Engineering (India)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=67.776/2261.652
=3.00 %

* 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.

Techera Engineering (India) EBIT Related Terms

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Techera Engineering (India) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Techera Engineering (India) Ltd (NSE:TECHERA) » Definitions » EBIT
Comparable Companies
BOM:509563 BOM:504176 NSE:SWANDEF BOM:522229 BOM:543920 BOM:544294 GE RTX XPAR:AIR BA XPAR:SAF LMT LSE:RR. TDG NOC GD XTER:RHM LSE:BA. XPAR:HO HWM
Traded in Other Exchanges
N/A
Address
Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Taluka Bho, Pune, MH, IND, 412205
Website
https://www.techera.co.in
Techera Engineering (India) Ltd is engages in the design, manufacture, and supply of precision tooling, components for the aerospace and defense industries, and automation system solutions. Its product portfolio includes assembly toolings, jigs, fixtures, maintenance, repair, and overhaul (MRO) toolings, ground support equipment, and precision machined components.

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