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Veritas (India) (BOM:512229) EV-to-EBIT : 17.03 (As of May. 27, 2024)


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What is Veritas (India) EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Veritas (India)'s Enterprise Value is ₹36,881 Mil. Veritas (India)'s EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ₹2,165 Mil. Therefore, Veritas (India)'s EV-to-EBIT for today is 17.03.

The historical rank and industry rank for Veritas (India)'s EV-to-EBIT or its related term are showing as below:

BOM:512229' s EV-to-EBIT Range Over the Past 10 Years
Min: 0.59   Med: 4.93   Max: 18.92
Current: 17.03

During the past 13 years, the highest EV-to-EBIT of Veritas (India) was 18.92. The lowest was 0.59. And the median was 4.93.

BOM:512229's EV-to-EBIT is ranked worse than
68.91% of 431 companies
in the Conglomerates industry
Industry Median: 10.48 vs BOM:512229: 17.03

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Veritas (India)'s Enterprise Value for the quarter that ended in Dec. 2023 was ₹14,389 Mil. Veritas (India)'s EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ₹2,165 Mil. Veritas (India)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.05%.


Veritas (India) EV-to-EBIT Historical Data

The historical data trend for Veritas (India)'s EV-to-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.

Veritas (India) EV-to-EBIT Chart

Veritas (India) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.86 3.91 4.31 4.94 5.78

Veritas (India) Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EV-to-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 5.13 5.78 3.61 4.28 6.65

Competitive Comparison of Veritas (India)'s EV-to-EBIT

For the Conglomerates subindustry, Veritas (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.


Veritas (India)'s EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Veritas (India)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Veritas (India)'s EV-to-EBIT falls into.



Veritas (India) EV-to-EBIT Calculation

Veritas (India)'s EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=36880.727/2165.315
=17.03

Veritas (India)'s current Enterprise Value is ₹36,881 Mil.
Veritas (India)'s 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 ₹2,165 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.


Veritas (India)  (BOM:512229) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Veritas (India)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 ) =EBIT / Enterprise Value (Q: Dec. 2023 )
=2165.315/14388.927
=15.05 %

Veritas (India)'s Enterprise Value for the quarter that ended in Dec. 2023 was ₹14,389 Mil.
Veritas (India)'s 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 ₹2,165 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.


Veritas (India) EV-to-EBIT Related Terms

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Veritas (India) (BOM:512229) Business Description

Traded in Other Exchanges
N/A
Address
70 Mint Road, Veritas House, 3rd Floor, Fort, Mumbai, MH, IND, 400001
Veritas (India) Ltd is engaged in the business of imports, exports, trading, and distribution of chemicals, polymers, paper & paper boards, rubber, heavy distillates, development of software, etc., and also in the generation of wind energy. The operating business segments of the company are Trading Distribution development and Wind power generation.

Veritas (India) (BOM:512229) Headlines

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