National Fittings (BOM:531289) EBIT : ₹92.9 Mil (TTM As of Mar. 2024)

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What is National Fittings EBIT?

National Fittings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹28.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹92.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National Fittings's annualized ROC % for the quarter that ended in Mar. 2024 was 9.75%. National Fittings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 18.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. National Fittings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.93%.

National Fittings EBIT Historical Data

The historical data trend for National Fittings'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.

National Fittings EBIT Chart

National Fittings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

Get a 7-Day Free Trial

30.66

30.97

25.25

76.26

92.90

National Fittings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															19.76	15.49	29.41	19.54	28.46

Competitive Comparison of National Fittings's EBIT

For the Steel subindustry, National Fittings'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.

National Fittings's EV-to-EBIT Distribution in the Steel Industry

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

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

National Fittings 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 quarterly data reported by the company within the most recent 12 months, which was ₹92.9 Mil.

National Fittings (BOM:531289) EBIT Explanation

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

National Fittings'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: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	93.952 * ( 1 - 24.47% )	/	( (0	+	728.1)	/ 1 )
=	70.9619456	/	728.1
=	9.75 %

where

	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	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	882.5	-	50.1	-	( 108.6	-	max(0, 235.3	-	339.6	+	108.6	))
=	728.1

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

National Fittings'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: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	113.848	/	( ( (0 + max(0, 0))	+	(501.1 + max(107.9, 0)) )	/	1 )
=	113.848	/	( ( 0	+	609 )	/	1 )
=	113.848	/	609
=	18.69 %

where Working Capital is:

	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	+	0	+	0)
=	0

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(58.2	+	145.6	+	0.5)	-	(50.1	+	0	+	46.3)
=	107.9

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

National Fittings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	92.897	/	1171.060
	=	7.93 %

National Fittings EBIT Related Terms

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National Fittings (BOM:531289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » National Fittings Ltd (BOM:531289) » Definitions » EBIT

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Traded in Other Exchanges

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Address

SF No.112, Madhapur Road, Kaniyur villlage, Sulur Taluk, Karumathampatti Via, Coimbatore, TN, IND, 641 659

Website

https://www.nationalfitting.com

National Fittings Ltd is a manufacturer of piping components for various industries. The company manufactures and sells SG Iron Grooved and Screwed Pipe Fittings, Stainless Pipe Fittings, and Ball Valves for industrial and non-industrial applications. Geographically the company generate the majority of its revenue from export.

National Fittings (BOM:531289) Headlines

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