Shri Techtex (NSE:SHRITECH) EBIT : ₹123.8 Mil (TTM As of Mar. 2023)

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What is Shri Techtex EBIT?

Shri Techtex's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹123.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was ₹123.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shri Techtex's annualized ROC % for the quarter that ended in Mar. 2023 was 15.45%. Shri Techtex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 22.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shri Techtex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 6.57%.

Shri Techtex EBIT Historical Data

The historical data trend for Shri Techtex'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.

Shri Techtex EBIT Chart

Shri Techtex Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

EBIT

68.07

175.46

117.64

123.78

Shri Techtex Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
EBIT	68.07	175.46	117.64	123.78

Competitive Comparison of Shri Techtex's EBIT

For the Textile Manufacturing subindustry, Shri Techtex'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.

Shri Techtex's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shri Techtex's EV-to-EBIT distribution charts can be found below:

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

Shri Techtex 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was ₹123.8 Mil.

Shri Techtex (NSE:SHRITECH) EBIT Explanation

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

Shri Techtex's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	112.817 * ( 1 - 21.57% )	/	( (466.215	+	679.134)	/ 2 )
=	88.4823731	/	572.6745
=	15.45 %

where

	Invested Capital		(Q: Mar. 2022 )
=	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	))
=	528.241	-	58.014	-	( 4.012	-	max(0, 124.174	-	154.116	+	4.012	))
=	466.215

	Invested Capital		(Q: Mar. 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	))
=	738.645	-	49.995	-	( 9.516	-	max(0, 120.005	-	340.64	+	9.516	))
=	679.134

Note: The Operating Income data used here is one times the annual (Mar. 2023) data.

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

Shri Techtex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	123.78	/	( ( (365.256 + max(79.003, 0))	+	(393.657 + max(248.457, 0)) )	/	2 )
=	123.78	/	( ( 444.259	+	642.114 )	/	2 )
=	123.78	/	543.1865
=	22.79 %

where Working Capital is:

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(100.104	+	43.486	+	6.225)	-	(58.014	+	0	+	12.798)
=	79.003

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(117.06	+	116.515	+	66.171)	-	(49.995	+	0	+	1.294)
=	248.457

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

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

Shri Techtex's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	123.78	/	1884.975
	=	6.57 %

Shri Techtex EBIT Related Terms

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Shri Techtex (NSE:SHRITECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shri Techtex Ltd (NSE:SHRITECH) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co-Operative Housing Society Ltd., Opposite Nabard, Near Usmanpura Garden, Ahmedabad, GJ, IND, 380014

Website

https://www.shritechtex.com

Shri Techtex Ltd is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single-use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. The company manufactures PP non-woven fabric in a variety of sizes and densities.

Shri Techtex (NSE:SHRITECH) Headlines

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