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Vera Synthetic (NSE:VERA) EBIT : ₹25.4 Mil (TTM As of Mar. 2024)


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What is Vera Synthetic EBIT?

Vera Synthetic's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹27.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹25.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vera Synthetic's annualized ROC % for the quarter that ended in Mar. 2024 was 20.35%. Vera Synthetic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 35.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vera Synthetic's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.34%.


Vera Synthetic EBIT Historical Data

The historical data trend for Vera Synthetic'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.

Vera Synthetic EBIT Chart

Vera Synthetic 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 25.29 27.74 27.91 25.99 25.36

Vera Synthetic Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 19.98 15.14 10.85 -1.83 27.18

Competitive Comparison of Vera Synthetic's EBIT

For the Textile Manufacturing subindustry, Vera Synthetic'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.


Vera Synthetic's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Vera Synthetic's EV-to-EBIT distribution charts can be found below:

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


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Vera Synthetic 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 ₹25.4 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.


Vera Synthetic  (NSE:VERA) EBIT Explanation

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

Vera Synthetic'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: Sep. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=52.748 * ( 1 - 24.17% )/( (224.318 + 168.825)/ 2 )
=39.9988084/196.5715
=20.35 %

where

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:

Vera Synthetic'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: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=54.368/( ( (67.42 + max(100.154, 0)) + (65.659 + max(77.025, 0)) )/ 2 )
=54.368/( ( 167.574 + 142.684 )/ 2 )
=54.368/155.129
=35.05 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(112.481 + 20.326 + 20.994) - (40.127 + 0 + 13.52)
=100.154

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.175 + 50.875 + 22.213) - (11.477 + 0 + 13.761)
=77.025

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=25.355/271.502
=9.34 %

* 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.


Vera Synthetic EBIT Related Terms

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Vera Synthetic Business Description

Traded in Other Exchanges
N/A
Address
Dairy Road, Devubag, Office Number Upper Level (UL) - 27, Pattani Plaza, Nilam Baug, Bhavnagar, GJ, IND, 364002
Vera Synthetic Ltd is engaged in the manufacturing of fishing nets ropes and twine yarn. It has also diversified its portfolio into plastic engineering products. It manufactures and markets its product under the brand name Sujlon. Its product portfolio includes Fishing Nets, Fishing Ropes, Mono Twine, Mono Yarn, Plastic Graunals, and Polypropylene PP among others. Geographically, it operates only in India.