Star Housing Finance (BOM:539017) EBIT : ₹86.5 Mil (TTM As of Mar. 2024)

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What is Star Housing Finance EBIT?

Star Housing Finance's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹11.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹86.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Star Housing Finance's annualized ROC % for the quarter that ended in Mar. 2024 was 0.78%. Star Housing Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 79.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Star Housing Finance's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.26%.

Star Housing Finance EBIT Historical Data

The historical data trend for Star Housing Finance'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.

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Star Housing Finance EBIT Chart

Star Housing Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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61.25

23.07

13.47

62.81

86.54

Star Housing Finance 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															11.33	17.82	26.62	30.16	11.94

Competitive Comparison of Star Housing Finance's EBIT

For the Mortgage Finance subindustry, Star Housing Finance'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.

Star Housing Finance's EV-to-EBIT Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Star Housing Finance's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Star Housing Finance's EV-to-EBIT falls into.

Star Housing Finance 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 ₹86.5 Mil.

Star Housing Finance (BOM:539017) EBIT Explanation

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

Star Housing Finance'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 )
=	47.764 * ( 1 - 33.48% )	/	( (0	+	4047.548)	/ 1 )
=	31.7726128	/	4047.548
=	0.78 %

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	))
=	4903.082	-	0	-	( 855.534	-	max(0, 0	-	4688.855	+	855.534	))
=	4047.548

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

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

Star Housing Finance'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 )
=	47.764	/	( ( (0 + max(0, 0))	+	(47.004 + max(13.066, 0)) )	/	1 )
=	47.764	/	( ( 0	+	60.07 )	/	1 )
=	47.764	/	60.07
=	79.51 %

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)
=	(0	+	0	+	13.066)	-	(0	+	0	+	0)
=	13.066

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:

Star Housing Finance's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	86.545	/	6865.235
	=	1.26 %

Star Housing Finance EBIT Related Terms

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Star Housing Finance (BOM:539017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Star Housing Finance Ltd (BOM:539017) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

603, Western Edger 1, Above Metro Mall, Borivali East, Mumbai, MH, IND, 400066

Website

https://www.starhfl.com

Star Housing Finance Ltd is a non-deposit-taking housing finance company. The company loan products include home loans, mortgage loans, and builder loans. The firm offers home loans for the purchase of flats and houses, renovation of existing units, extension of existing units, and purchase of plots for the construction of houses. The company offers a builder loan for the construction of residential flats. The company is engaged in the business of providing loans to individuals, corporate, and developers for the purchase, construction, development, and repair of houses, apartments, and commercial properties in India.

Star Housing Finance (BOM:539017) Headlines

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