What is DCM Shriram Industries Earnings Yield (Joel Greenblatt) %?
DCM Shriram Industries's Enterprise Value for the quarter that ended in Mar. 2024 was ₹17,108 Mil.
DCM Shriram Industries's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹2,084 Mil. DCM Shriram Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 12.18%.
The historical rank and industry rank for DCM Shriram Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:DCMSRIND'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.22 Med: 12.19 Max: 76.93
Current: 10.7
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of DCM Shriram Industries was 76.93%. The lowest was 5.22%. And the median was 12.19%.
NSE:DCMSRIND's Earnings Yield (Joel Greenblatt) % is ranked better than 77.48% of 1954
companies
in the Consumer Packaged Goods industry
Industry Median: 5.155
vs NSE:DCMSRIND: 10.70
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. DCM Shriram Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 10.65%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
DCM Shriram Industries Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for DCM Shriram Industries's Earnings Yield (Joel Greenblatt) % 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.
For the Confectioners subindustry, DCM Shriram Industries's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.
DCM Shriram Industries's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, DCM Shriram Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where DCM Shriram Industries's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
DCM Shriram Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
DCM Shriram Industries's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹2,084 Mil.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
DCM Shriram Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of DCM Shriram Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
DCM Shriram Industries (NSE:DCMSRIND) Business Description
DCM Shriram Industries Ltd is engaged in the manufacturing of sugar. The company's operating segment includes Sugar; Industrial fibres and related products and Chemicals. The company generates maximum revenue from the Sugar segment. The sugar segment of the company comprising of sugar, power, and alcohols, the industrial fibers and related products segment comprising of rayon, synthetic yarn, cord, fabric, and others, and the chemicals segment comprising of organics and fine chemicals. Geographically, the company derives a majority of its revenue from India and also has a presence in Europe; China, and the Rest of the World.
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