Chemfab Alkalis Net Income dropped on 37.8% in 2015 and EBITDA Margin decreased on 4.4 pp from 24.2% to 19.8%
13-04-2015 • About Chemfab Alkalis (
$CHEMFALKAL) • By InTwits
Chemfab Alkalis reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Chemfab Alkalis ($CHEMFALKAL) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 800 | 787 | 1,152 | 1,121 | 1,099 | -2.0% |
| EBITDA | 152 | 176 | 379 | 271 | 218 | -19.8% |
| Net Income | 97 | 75 | 235 | 164 | 102 | -37.8% |
Balance Sheet
|
|---|
| Cash | 4 | 27 | 26 | 17 | | -100.0% |
| Short Term Debt | 0 | 0 | 0 | 242 | | -100.0% |
| Long Term Debt | 0 | 0 | 0 | 0 | | |
Cash flow
|
|---|
| Capex | 41 | 17 | 182 | 623 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -32.7% | -1.6% | 46.3% | -2.8% | -2.0% | |
| EBITDA growth | -12.3% | 15.8% | 115.5% | -28.4% | -19.8% | |
| EBITDA Margin | 19.0% | 22.3% | 32.9% | 24.2% | 19.8% | -4.4% |
| Net Income Margin | 12.1% | 9.5% | 20.4% | 14.7% | 9.3% | -5.4% |
| CAPEX, % of revenue | 5.1% | 2.2% | 15.8% | 55.6% | | -55.6% |
| ROIC | 8.3% | 10.9% | 29.9% | 15.9% | | -15.9% |
| ROE | 12.6% | 8.9% | 24.2% | 14.5% | | -14.5% |
| Net Debt/EBITDA | -0.0x | -0.2x | -0.1x | 0.8x | 0.0x | -0.8x |
Revenue and profitability
Chemfab Alkalis's Revenue decreased slightly on 2.0% in FY2015. Having declining revenue the company managed to increase EBITDA margin. EBITDA Margin surged on 20.7 pp from 17.4% to 38.1% in FY2015.
Net Income marign decreased on 5.4 pp from 14.7% to 9.3% in FY2015.
Management team
Chemfab Alkalis's CEO V M Srinivasan has spent 3 years at the company.
Appendix 1: Peers in Commodity Chemicals
Below you can find Chemfab Alkalis benchmarking vs. other companies in Commodity Chemicals industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Shree Hari Chemicals Export ($SHHARICH) | -52.2% | -2.5% | -78.0% | 299.5% | |
| Jindal Poly Films ($JINDPOLBBPH) | -66.5% | -17.2% | -6.3% | 131.7% | |
| Bodal Chemicals ($BODALCHEM) | -51.3% | 5.4% | -12.6% | 80.0% | |
| Kanoria Chemicals & Industries ($KANORICHEM) | -22.3% | -40.7% | 27.2% | 47.9% | |
| Camphor & Allied Products ($CAMPHOR) | -49.0% | -6.7% | 7.2% | 42.7% | |
| |
|---|
| Median (35 companies) | -43.8% | 19.0% | 10.9% | 10.7% | |
|---|
| Chemfab Alkalis ($CHEMFALKAL) | | -1.6% | 46.3% | -2.8% | -2.0% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Shree Hari Chemicals Export ($SHHARICH) | 8.3% | 1.8% | -19.4% | 29.4% | |
| Aditya Birla Chemicals (India) ($ABCIL) | 33.6% | 26.8% | 27.1% | 23.6% | |
| Bodal Chemicals ($BODALCHEM) | 10.6% | 1.8% | 5.6% | 20.4% | |
| Alkyl Amines Chemicals ($ALKYLAMINE) | 13.3% | 15.9% | 16.0% | 19.0% | |
| Iol Chemicals & Pharmaceuticals ($IOLCP) | 17.4% | 14.6% | 18.5% | 17.0% | |
| |
|---|
| Median (31 companies) | 12.1% | 10.9% | 8.3% | 8.5% | |
|---|
| Chemfab Alkalis ($CHEMFALKAL) | 19.0% | 22.3% | 32.9% | 24.2% | 19.8% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Aditya Birla Chemicals (India) ($ABCIL) | 5.9% | 136.9% | 24.2% | 30.8% | |
| Jindal Poly Films ($JINDPOLBBPH) | 2.9% | 6.9% | 2.1% | 27.5% | |
| Polyplex Corporation ($POLYPLEX) | 6.0% | 10.7% | 41.3% | 19.2% | |
| Kanoria Chemicals & Industries ($KANORICHEM) | 12.9% | 25.1% | 6.0% | 13.4% | |
| Aarti Industries ($AARTIIND) | 4.8% | 8.0% | 11.2% | 11.0% | |
| |
|---|
| Median (19 companies) | 5.9% | 5.3% | 6.3% | 5.4% | |
|---|
| Chemfab Alkalis ($CHEMFALKAL) | 5.1% | 2.2% | 15.8% | 55.6% | |
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Riddhi Siddhi Gluco Biols ($RIDDHI) | -0.2% | -1.3% | -0.6% | 61.1% | |
| Bodal Chemicals ($BODALCHEM) | | -1.3% | 3.3% | 39.0% | |
| Elantas Beck India ($ELANTAS) | 17.5% | 20.4% | 33.9% | 31.0% | |
| Alkyl Amines Chemicals ($ALKYLAMINE) | 10.3% | 16.0% | 18.7% | 25.0% | |
| Aarti Industries ($AARTIIND) | 13.1% | 15.9% | 19.1% | 17.2% | |
| |
|---|
| Median (59 companies) | 10.7% | 9.0% | 9.5% | 8.9% | |
|---|
| Chemfab Alkalis ($CHEMFALKAL) | 8.3% | 10.9% | 29.9% | 15.9% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| India Glycols ($INDIAGLYCO) | 8.2x | 4.8x | 3.7x | 8.5x | |
| Godrej Industries ($GODREJIND) | 6.8x | 9.9x | 5.7x | 7.9x | |
| Polyplex Corporation ($POLYPLEX) | 0.6x | 0.9x | 6.8x | 7.1x | |
| Link Pharma Chem ($LINKPH) | 71.1x | 3.4x | 4.1x | 6.2x | |
| Refnol Resins & Chemicals ($REFNOL) | | | 4.1x | 5.6x | |
| |
|---|
| Median (41 companies) | 2.5x | 2.6x | 3.2x | 1.4x | |
|---|
| Chemfab Alkalis ($CHEMFALKAL) | -0.0x | -0.2x | -0.1x | 0.8x | 0.0x |
