Welcast Steels revenue showed almost no change in 2015
04-05-2015 • About Welcast Steels (
$ZWELCAST) • By InTwits
Welcast Steels reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Welcast Steels ($ZWELCAST) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 2,005 | 2,173 | 2,413 | 2,377 | 2,377 | 0.0% |
| EBITDA | 71 | 67 | 64 | | 61 | |
| Net Income | 27 | 26 | 28 | 30 | 30 | 0.0% |
Balance Sheet
|
|---|
| Cash | 6 | 6 | 64 | | | |
| Short Term Debt | 59 | 81 | 55 | | | |
| Long Term Debt | 0 | 0 | 0 | | | |
Cash flow
|
|---|
| Capex | 8 | 2 | | | | |
Ratios
|
|---|
| Revenue growth | -25.6% | 8.3% | 11.1% | -1.5% | 0.0% | |
| EBITDA growth | 17.4% | -5.5% | -4.8% | | | |
| EBITDA Margin | 3.5% | 3.1% | 2.6% | 0.0% | 2.6% | 2.6% |
| Net Income Margin | 1.3% | 1.2% | 1.2% | 1.3% | 1.3% | 0.0% |
| CAPEX, % of revenue | 0.4% | 0.1% | | | | 0.0% |
| ROIC | 14.6% | 13.5% | 13.6% | | | 0.0% |
| ROE | 11.9% | 10.6% | 10.4% | | | 0.0% |
| Net Debt/EBITDA | 0.8x | 1.1x | -0.1x | | 0.0x | 0.0x |
Revenue and profitability
The company's Revenue showed almost no change in FY2015.
Net Income marign showed almost no change in FY2015.
Appendix 1: Peers in Other Industrial Products
Below we provide Welcast Steels benchmarking against other companies in Other Industrial Products industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Bharat Forge ($BHARATFORG) | -44.0% | 26.4% | -18.8% | 31.7% | |
| Carborundum Universal ($CARBORUNIV) | | 24.1% | -1.2% | 7.8% | -3.5% |
| Everest Kanto Cylinder ($EKC) | 41.0% | -13.1% | -19.8% | -9.6% | |
| Simplex Castings ($SIMPLEXCAS) | 4.0% | 6.9% | -6.6% | -21.9% | |
| |
|---|
| Median (4 companies) | 4.0% | 15.5% | -12.7% | -0.9% | -3.5% |
|---|
| Welcast Steels ($ZWELCAST) | | 8.3% | 11.1% | -1.5% | 0.0% |
Top companies by EBITDA margin, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Bharat Forge ($BHARATFORG) | 16.0% | 16.0% | 15.8% | 15.5% | |
| Simplex Castings ($SIMPLEXCAS) | 17.1% | 16.4% | 13.5% | 13.6% | |
| Carborundum Universal ($CARBORUNIV) | 18.2% | 19.7% | 12.3% | 12.2% | 13.2% |
| Everest Kanto Cylinder ($EKC) | 17.7% | 14.5% | -3.9% | -5.1% | |
| |
|---|
| Median (4 companies) | 17.4% | 16.2% | 12.9% | 12.9% | 8.9% |
|---|
Top companies by CAPEX/Revenue, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Bharat Forge ($BHARATFORG) | 10.2% | 15.6% | 11.0% | 10.1% | |
| Everest Kanto Cylinder ($EKC) | 9.4% | 5.7% | 0.4% | 4.0% | |
| Carborundum Universal ($CARBORUNIV) | 5.0% | 8.5% | 10.9% | 3.6% | 3.8% |
| |
|---|
| Median (3 companies) | 8.8% | 9.6% | 10.9% | 4.0% | 3.8% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Gujarat Intrux ($GUJINTRX) | 10.1% | 26.0% | 23.7% | 19.7% | |
| Bharat Forge ($BHARATFORG) | 12.6% | 14.6% | 9.1% | 12.6% | |
| Carborundum Universal ($CARBORUNIV) | 20.1% | 25.3% | 11.8% | 10.6% | 11.0% |
| Lgb Forge ($LGBFORGE) | -4.7% | 8.6% | 2.5% | -3.6% | -0.6% |
| Everest Kanto Cylinder ($EKC) | 6.5% | 2.6% | -7.3% | -7.9% | |
| |
|---|
| Median (12 companies) | 10.4% | 14.6% | 9.9% | 10.6% | 5.2% |
|---|
| Welcast Steels ($ZWELCAST) | 14.6% | 13.5% | 13.6% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Lgb Forge ($LGBFORGE) | 5.8x | 4.4x | 3.7x | 4.0x | 5.9x |
| Bharat Forge ($BHARATFORG) | 2.3x | 2.6x | 3.0x | 2.2x | |
| Carborundum Universal ($CARBORUNIV) | 1.2x | 0.8x | 1.5x | 1.2x | 0.7x |
| Steelcast ($STEELCAS) | 5.7x | 1.7x | 2.1x | 0.0x | |
| Hilton Metal Forging ($HILTON) | 7.0x | 2.5x | 1.5x | 0.0x | |
| |
|---|
| Median (7 companies) | 4.3x | 2.6x | 1.8x | 0.0x | 3.3x |
|---|
