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Siddhika Coatings (NSE:SIDDHIKA) EBIT : ₹22.1 Mil (TTM As of Mar. 2022)


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What is Siddhika Coatings EBIT?

Siddhika Coatings's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2022 was ₹16.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2022 was ₹22.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Siddhika Coatings's annualized ROC % for the quarter that ended in Mar. 2022 was 13.38%. Siddhika Coatings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 50.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Siddhika Coatings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 3.18%.

Siddhika Coatings EBIT Historical Data

The historical data trend for Siddhika Coatings'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.

Siddhika Coatings EBIT Chart

Siddhika Coatings Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial 46.67 40.41 14.40 22.06 49.74

Siddhika Coatings Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Mar23
EBIT Get a 7-Day Free Trial 2.79 11.61 5.55 16.51 -

Competitive Comparison of Siddhika Coatings's EBIT

For the Specialty Chemicals subindustry, Siddhika Coatings'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.

Siddhika Coatings's EV-to-EBIT Distribution in the Chemicals Industry

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

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


Siddhika Coatings 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹22.1 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.

Siddhika Coatings  (NSE:SIDDHIKA) EBIT Explanation

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

Siddhika Coatings's annualized ROC % for the quarter that ended in Mar. 2022 is calculated as:

ROC % (Q: Mar. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2021 ) + Invested Capital (Q: Mar. 2022 ))/ count )
=27.632 * ( 1 - 18.94% )/( (161.245 + 173.459)/ 2 )
=22.3984992/167.352
=13.38 %

where

Invested Capital(Q: Sep. 2021 )
=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))
=269.707 - 2.777 - ( 105.685 - max(0, 36.787 - 213.078+105.685))
=161.245

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))
=283.645 - 8.737 - ( 101.449 - max(0, 37.463 - 211.824+101.449))
=173.459

Note: The Operating Income data used here is two times the semi-annual (Mar. 2022) data.

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

Siddhika Coatings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2021  Q: Mar. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=33.022/( ( (5.726 + max(61.2, 0)) + (6.848 + max(57.594, 0)) )/ 2 )
=33.022/( ( 66.926 + 64.442 )/ 2 )
=33.022/65.684
=50.27 %

where Working Capital is:

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30.384 + 36.539 + 31.064) - (2.777 + 0 + 34.01)
=61.2

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(46.666 + 27.804 + 20.587) - (8.737 + 0 + 28.726)
=57.594

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2022) EBIT data.

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

Siddhika Coatings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2022 )
=22.056/694.368
=3.18 %

* 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.

Siddhika Coatings EBIT Related Terms

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Siddhika Coatings (NSE:SIDDHIKA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Siddhika Coatings Ltd (NSE:SIDDHIKA) » Definitions » EBIT
Comparable Companies
NSE:YCCL NSE:VSCL NSE:UCL BOM:507813 BOM:533315 NSE:REXPIPES BOM:540550 NSE:ABMINTLLTD BOM:531454 BOM:534598 LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
L-9, Lower Ground Floor Kalkaj, South Delhi, New Delhi, IND, 110019
Website
https://www.siddhika.com
Siddhika Coatings Ltd is a texture paint contract company in the single-brand segment. The paints industry is mainly divided into two segments Decorative and Industrial. The decorative segment accounts for a portion of the paint industry's value, around 75%, and the industrial segment accounts for the rest 25% of the industry's value.

Siddhika Coatings (NSE:SIDDHIKA) Headlines

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