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Sirca Paints India (NSE:SIRCA) EBIT : ₹691 Mil (TTM As of Mar. 2024)


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What is Sirca Paints India EBIT?

Sirca Paints India's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹168 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹691 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sirca Paints India's annualized ROC % for the quarter that ended in Mar. 2024 was 21.84%. Sirca Paints India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 36.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sirca Paints India's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.17%.


Sirca Paints India EBIT Historical Data

The historical data trend for Sirca Paints India'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.

Sirca Paints India EBIT Chart

Sirca Paints India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 342.11 226.41 379.85 621.43 690.81

Sirca Paints India 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 129.89 175.63 208.89 138.39 167.90

Competitive Comparison of Sirca Paints India's EBIT

For the Specialty Chemicals subindustry, Sirca Paints India'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.


Sirca Paints India's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sirca Paints India's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sirca Paints India's EV-to-EBIT falls into.



Sirca Paints India 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 ₹691 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.


Sirca Paints India  (NSE:SIRCA) EBIT Explanation

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

Sirca Paints India'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 )
=588.132 * ( 1 - 25.47% )/( (0 + 2007.365)/ 1 )
=438.3347796/2007.365
=21.84 %

where

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))
=3508.982 - 325.386 - ( 1176.231 - max(0, 416.134 - 2828.885+1176.231))
=2007.365

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

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

Sirca Paints India'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 )
=671.6/( ( (0 + max(0, 0)) + (588.572 + max(1236.52, 0)) )/ 1 )
=671.6/( ( 0 + 1825.092 )/ 1 )
=671.6/1825.092
=36.80 %

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)
=(655.408 + 953.408 + 43.838) - (325.386 + 0 + 90.748)
=1236.52

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:

Sirca Paints India's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=690.809/16570.858
=4.17 %

* 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.


Sirca Paints India EBIT Related Terms

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Sirca Paints India (NSE:SIRCA) Business Description

Traded in Other Exchanges
Address
G-82, Kirti Nagar, New Delhi, IND, 110015
Sirca Paints India Ltd is engaged in the marketing and distribution of paints and allied products. The company's products include PU Clear Finishes, PU Pigmented Finishes, Special effects, Glass Coatings, Metal Coatings, Water Borne Coating, Stains, Leafing, Wood Filler, and others. The company operates in only one reportable business segment viz. "Wood Coating Products" and a single geographical segment Geographically, it operates only in India.

Sirca Paints India (NSE:SIRCA) Headlines

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