Grand Foundry (BOM:513343) EBIT : ₹-8.73 Mil (TTM As of Dec. 2023)

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What is Grand Foundry EBIT?

Grand Foundry's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₹-0.75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-8.73 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grand Foundry's annualized ROC % for the quarter that ended in Dec. 2023 was -6.29%. Grand Foundry's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grand Foundry's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.28%.

Grand Foundry EBIT Historical Data

The historical data trend for Grand Foundry'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.

Grand Foundry EBIT Chart

Grand Foundry Annual Data

Trend

Mar12

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-10.40

-23.35

-1.75

-2.10

-9.36

Grand Foundry Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-0.71	-6.97	-0.52	-0.49	-0.75

Competitive Comparison of Grand Foundry's EBIT

For the Steel subindustry, Grand Foundry'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.

Grand Foundry's EV-to-EBIT Distribution in the Steel Industry

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

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

Grand Foundry 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-8.73 Mil.

Grand Foundry (BOM:513343) EBIT Explanation

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

Grand Foundry's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-3 * ( 1 - 0% )	/	( (47.072	+	48.307)	/ 2 )
=	-3	/	47.6895
=	-6.29 %

where

	Invested Capital		(Q: Sep. 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	))
=	0.669	-	0.198	-	( 0.059	-	max(0, 47.27	-	0.669	+	0.059	))
=	47.072

	Invested Capital		(Q: Dec. 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	))
=	0.357	-	0.277	-	( 0.131	-	max(0, 48.584	-	0.357	+	0.131	))
=	48.307

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Grand Foundry's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3	/	( ( (0 + max(-0.241, 0))	+	(0 + max(-0.652, 0)) )	/	2 )
=	-3	/	( ( 0	+	0 )	/	2 )
=	-3	/	0
=	%

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)
=	(0	+	0	+	0.384)	-	(0.198	+	0	+	0.427)
=	-0.241

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.277	+	0	+	0.375)
=	-0.652

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Grand Foundry's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-8.728	/	383.444
	=	-2.28 %

Grand Foundry EBIT Related Terms

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Grand Foundry (BOM:513343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Grand Foundry Ltd (BOM:513343) » Definitions » EBIT

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GFSTEELS:India

Address

Sanjay Appa Chambers, 302, Cabin No.1, Plot No. 82 Behind Charat Singh Colony, Chakala Midc, Andheri East, MH, IND, 400093

Website

https://www.gfsteel.co.in

Grand Foundry Ltd is engaged in the manufacturing of bright steel bars and wires. The company offers various heat treatment processes and supplies commercial lots of heat-treated bars to specific standards in the international market American, and German standards. Its products are utilized for various applications in the engineering industries, including petrochemical, oil and natural gas, and automotive industries.

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