Vraj Iron and Steel (NSE:VRAJ) EBIT: ₹450 Mil (TTM As of Mar. 2026)


NSE:VRAJ Vraj Iron and Steel Ltd NSE:VRAJ
39 GF Score
Price ₹116.82
! 3 Warning Signs
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What is Vraj Iron and Steel EBIT?

Vraj Iron and Steel NSE:VRAJ -0.97% 39 EBIT is ₹450 Mil as of Mar. 2026. GuruFocus rates NSE:VRAJ with a GF Score™ of 39/100. The stock has 3 warning signs investors should review.

Vraj Iron and Steel's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹219 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹450 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vraj Iron and Steel's annualized ROC % for the quarter that ended in Mar. 2026 was 11.06%. Vraj Iron and Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vraj Iron and Steel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.67%.

Vraj Iron and Steel  (NSE:VRAJ) EBIT Explanation

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

Vraj Iron and Steel'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 )
=717.76 * ( 1 - 26.29% )/( (0 + 4783.31)/ 1 )
=529.060896/4783.31
=11.06 %

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))
=4955.27 - 112.19 - ( 59.77 - max(0, 203.34 - 1453.79+59.77))
=4783.31

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

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

Vraj Iron and Steel'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 )
=877.68/( ( (0 + max(0, 0)) + (2805.78 + max(1262.79, 0)) )/ 1 )
=877.68/( ( 0 + 4068.57 )/ 1 )
=877.68/4068.57
=21.57 %

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)
=(325.21 + 676.21 + 392.38) - (112.19 + 0 + 18.82)
=1262.79

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:

Vraj Iron and Steel's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=450.13/4219.640
=10.67 %

* 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.

Vraj Iron and Steel EBIT Related Terms

Vraj Iron and Steel EBIT Historical Data

* Premium members only.

The historical data trend for Vraj Iron and Steel'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.

Vraj Iron and Steel EBIT Chart

Vraj Iron and Steel Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial 424.80 748.73 783.40 603.73 450.13

Vraj Iron and Steel Quarterly Data
Mar21 Mar22 Mar23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 138.72 102.99 107.38 20.34 219.42

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

For the Steel subindustry, Vraj Iron and Steel'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.

Vraj Iron and Steel EV-to-EBIT vs Steel Industry

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

* The bar in red indicates where Vraj Iron and Steel's EV-to-EBIT falls into.


NSE:VRAJ
39GF Score
Vraj Iron and Steel Ltd NSE:VRAJ
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Vraj Iron and Steel 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 ₹450 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 ₹450 Mil mean?
Vraj Iron and Steel (NSE:VRAJ) has a EBIT of ₹450 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vraj Iron and Steel.
Is Vraj Iron and Steel's EBIT too high?
Vraj Iron and Steel's current EBIT is ₹450 Mil. Overall, Vraj Iron and Steel has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Vraj Iron and Steel's EBIT compare to NUE and STLD?
Vraj Iron and Steel's EBIT of ₹450 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 Vraj Iron and Steel. Vraj Iron and Steel's current EBIT is ₹450 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vraj Iron and Steel stock overvalued right now?
Vraj Iron and Steel (NSE:VRAJ) has a current EBIT of ₹450 Mil. The current EBIT is ₹450 Mil. Vraj Iron and Steel's overall GF Score™ is 39/100 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 Vraj Iron and Steel (NSE:VRAJ), the current EBIT is ₹450 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.

Vraj Iron and Steel Business Description

Other Exchanges 544204:India
Address First Floor, Plot No 63 & 66, Ph No 113, Mother Teresa Ward No. 43, Jalvihar Colony, Raipur, CT, IND, 492001
Vraj Iron and Steel Ltd is a subsidiary of Gopal Sponge and Power Private Limited, with two manufacturing units located at Raipur and Bilaspur in Chhattisgarh. The company is engaged in the manufacture of iron and steel in Central India. It produces Sponge Iron, TMT Bars, and MS Billets under the brand "Vraj." Vraj Iron And Steel focuses on manufacturing and trading iron, steel, and power, which is its primary business segment. The company offers integrated steel plants with manufacturing setups, including DRI unit, EAF, continuous billet casting mill, high-speed rolling mill, and quality assurance laboratories.
39GF 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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