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NMDC Steel (BOM:543768) EBIT : ₹-18,704 Mil (TTM As of Mar. 2024)


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What is NMDC Steel EBIT?

NMDC Steel's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹-17,365 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-18,704 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NMDC Steel's annualized ROC % for the quarter that ended in Mar. 2024 was -9.65%. NMDC Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -15.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NMDC Steel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -8.03%.

NMDC Steel EBIT Historical Data

The historical data trend for NMDC 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.

* Premium members only.

NMDC Steel EBIT Chart

NMDC Steel Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial -0.07 -0.07 - - -18,704.30

NMDC Steel Semi-Annual Data
Mar18 Mar19 Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only - - - -1,339.10 -17,365.20

Competitive Comparison of NMDC Steel's EBIT

For the Steel subindustry, NMDC 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.

NMDC Steel's EV-to-EBIT Distribution in the Steel Industry

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

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


NMDC 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-18,704 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.

NMDC Steel  (BOM:543768) EBIT Explanation

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

NMDC Steel'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: Sep. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-36859 * ( 1 - 29.47% )/( (269840.5 + 269154)/ 2 )
=-25996.6527/269497.25
=-9.65 %

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))
=275524.9 - 7162.8 - ( 11112.9 - max(0, 37569.5 - 36091.1+11112.9))
=269840.5

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))
=293683.2 - 25027.1 - ( 8004.5 - max(0, 71063.8 - 70565.9+8004.5))
=269154

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) data.

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

NMDC Steel'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: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-34730.4/( ( (216530 + max(-4543.9, 0)) + (214877.6 + max(15406.3, 0)) )/ 2 )
=-34730.4/( ( 216530 + 230283.9 )/ 2 )
=-34730.4/223406.95
=-15.55 %

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)
=(568.5 + 22277.7 + 2132) - (7162.8 + 0 + 22359.3)
=-4543.9

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(370.1 + 37034.2 + 25157.1) - (25027.1 + 0 + 22128)
=15406.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-18704.3/232839.118
=-8.03 %

* 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.

NMDC Steel EBIT Related Terms

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NMDC Steel (BOM:543768) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » NMDC Steel Ltd (BOM:543768) » Definitions » EBIT
Comparable Companies
BOM:543299 BOM:532144 BOM:500265 BOM:500378 BOM:532976 BOM:517146 BOM:532734 BOM:541195 BOM:504614 BOM:500336 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT STLD NSE:TATASTEEL RS MIC:CHMF
Traded in Other Exchanges
NSLNISP:India
Address
Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad, TG, IND, 500028
Website
https://nmdcsteel.nmdc.co.in
NMDC Steel Ltd owns and operates mechanized iron ore mines. The company is producing about 35 MTPA of iron ore from its major iron-producing units in Bailadila Sector in Chhattisgarh and Donimalai.

NMDC Steel (BOM:543768) Headlines

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