VMS TMT (NSE:VMSTMT) EBIT: ₹523 Mil (TTM As of Mar. 2026)


NSE:VMSTMT VMS TMT Ltd NSE:VMSTMT
12 GF Score
Price ₹43.60
! 3 Warning Signs
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What is VMS TMT EBIT?

VMS TMT NSE:VMSTMT -1.09% 12 EBIT is ₹523 Mil as of Mar. 2026. GuruFocus rates NSE:VMSTMT with a GF Score™ of 12/100. The stock has 3 warning signs investors should review.

VMS TMT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹94 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹523 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VMS TMT's annualized ROC % for the quarter that ended in Mar. 2026 was 5.47%. VMS TMT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. VMS TMT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.00%.

VMS TMT  (NSE:VMSTMT) EBIT Explanation

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

VMS TMT's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=368.244 * ( 1 - 28.3% )/( (0 + 4823.773)/ 1 )
=264.030948/4823.773
=5.47 %

where

Invested Capital(Q: Dec. 2025 )
=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))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

Invested Capital(Q: Mar. 2026 )
=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))
=5194.116 - 260.121 - ( 110.222 - max(0, 2269.58 - 2973.312+110.222))
=4823.773

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

VMS TMT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=377.984/( ( (0 + max(0, 0)) + (2212.193 + max(2359.69, 0)) )/ 1 )
=377.984/( ( 0 + 4571.883 )/ 1 )
=377.984/4571.883
=8.27 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(344.913 + 2283.537 + 234.64) - (260.121 + 0 + 243.279)
=2359.69

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

VMS TMT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=523.369/4362.996
=12.00 %

* 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.

VMS TMT EBIT Related Terms

VMS TMT EBIT Historical Data

* Premium members only.

The historical data trend for VMS TMT'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.

VMS TMT EBIT Chart

VMS TMT Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
145.05 181.75 372.49 399.32 523.37

VMS TMT Quarterly Data
Mar22 Mar23 Mar24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only 104.49 181.85 97.29 149.74 94.50

NSE:VMSTMT vs NUE, STLD, RS: EBIT Comparison

For the Steel subindustry, VMS TMT'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.

VMS TMT EV-to-EBIT vs Steel Industry

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

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


NSE:VMSTMT
12GF Score
VMS TMT Ltd NSE:VMSTMT
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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VMS TMT 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹523 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹523 Mil mean?
VMS TMT (NSE:VMSTMT) has a EBIT of ₹523 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on VMS TMT.
Is VMS TMT's EBIT too high?
VMS TMT's current EBIT is ₹523 Mil. Overall, VMS TMT has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does VMS TMT's EBIT compare to NUE and STLD?
VMS TMT's EBIT of ₹523 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Steel company?
A good EBIT depends on the Steel industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on VMS TMT. VMS TMT's current EBIT is ₹523 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VMS TMT stock overvalued right now?
VMS TMT (NSE:VMSTMT) has a current EBIT of ₹523 Mil. The current EBIT is ₹523 Mil. VMS TMT's overall GF Score™ is 12/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For VMS TMT (NSE:VMSTMT), the current EBIT is ₹523 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

VMS TMT Business Description

Other Exchanges 544521:India
Address Survey No. 214, Near Water Tank, Bhayla, Ahmedabad, GJ, IND, 382220
VMS TMT Ltd is engaged in manufacturing of Thermo Mechanically Treated Bars (TMT Bars) at its manufacturing facility situated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel used widely in construction industry due to their exceptional strength, ductility, and corrosion resistance. Its revenue from operations also includes sale of scrap, binding wires and billets.
12GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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