BEW Engineering (NSE:BEWLTD) EBIT : ₹146 Mil (TTM As of Sep. 2023)

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What is BEW Engineering EBIT?

BEW Engineering's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was ₹80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was ₹146 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BEW Engineering's annualized ROC % for the quarter that ended in Sep. 2023 was 11.61%. BEW Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 21.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BEW Engineering's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 3.40%.

BEW Engineering EBIT Historical Data

The historical data trend for BEW Engineering'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.

BEW Engineering EBIT Chart

BEW Engineering Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

31.95

35.08

68.03

107.70

137.30

BEW Engineering Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial				46.98	60.72	71.13	66.17	79.81

Competitive Comparison of BEW Engineering's EBIT

For the Specialty Industrial Machinery subindustry, BEW Engineering'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.

BEW Engineering's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, BEW Engineering's EV-to-EBIT distribution charts can be found below:

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

BEW Engineering 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹146 Mil.

BEW Engineering (NSE:BEWLTD) EBIT Explanation

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

BEW Engineering's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	155.67 * ( 1 - 26.43% )	/	( (845.031	+	1127.484)	/ 2 )
=	114.526419	/	986.2575
=	11.61 %

where

	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	))
=	1288.171	-	441.556	-	( 1.584	-	max(0, 901.763	-	1146.35	+	1.584	))
=	845.031

	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	))
=	1489.795	-	359.298	-	( 3.013	-	max(0, 762.295	-	1261.721	+	3.013	))
=	1127.484

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

BEW Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	159.624	/	( ( (106.636 + max(555.36, 0))	+	(199.2 + max(655.181, 0)) )	/	2 )
=	159.624	/	( ( 661.996	+	854.381 )	/	2 )
=	159.624	/	758.1885
=	21.05 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(126.843	+	879.86	+	138.063)	-	(441.556	+	0	+	147.85)
=	555.36

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(140.118	+	944.117	+	23.44)	-	(359.298	+	0	+	93.196)
=	655.181

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

BEW Engineering's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	145.978	/	4288.807
	=	3.40 %

BEW Engineering EBIT Related Terms

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BEW Engineering (NSE:BEWLTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » BEW Engineering Ltd (NSE:BEWLTD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Manpada Road, FE-10, M.I.D.C. Industrial Area, Phase II, Dombivali (East), Mumbai, MH, IND, 421204

Website

https://www.bewltd.com

BEW Engineering Ltd is engaged in the design and manufacture of pharmaceutical and chemical plants and process equipment. It designs and manufactures a special range of filtration, mixing, and drying equipment specifically used in Pharmaceuticals, Sterile Applications, Intermediate Compounds, Fine Chemicals, Chemicals, Agro Chemicals, Pesticides, Insecticides, and Dyes.

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