Ludlow Jute & Specialities EBITDA dropped on 157% in 2015 and Revenue dropped on 15.7%
13-05-2015 • About Ludlow Jute & Specialities (
$LUDLOWJUT) • By InTwits
Ludlow Jute & Specialities reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Ludlow Jute & Specialities is a company in decline: FY2015 revenue growth was -15.7%, 5 years revenue CAGR was -2.8%
- EBITDA Margin is quite volatile: -2.5% in FY2015, 3.7% in FY2014, 6.4% in FY2013, 4.3% in FY2012, 7.6% in FY2011
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Ludlow Jute & Specialities ($LUDLOWJUT) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 3,139 | 2,773 | 2,804 | 2,730 | 2,302 | -15.7% |
| EBITDA | 239 | 118 | 179 | 100 | -57 | -157.2% |
| Net Income | 145 | 50 | 85 | 27 | -43 | -260.8% |
Balance Sheet
|
|---|
| Cash | 23 | 50 | 26 | | | |
| Short Term Debt | 106 | | 43 | | | |
| Long Term Debt | 0 | 9 | 28 | | | |
Cash flow
|
|---|
| Capex | 56 | | | | | |
Ratios
|
|---|
| Revenue growth | 18.4% | -11.6% | 1.1% | -2.6% | -15.7% | |
| EBITDA growth | 198.7% | -50.6% | 51.1% | -44.0% | -157.2% | |
| EBITDA Margin | 7.6% | 4.3% | 6.4% | 3.7% | -2.5% | -6.1% |
| Net Income Margin | 4.6% | 1.8% | 3.0% | 1.0% | -1.9% | -2.9% |
| CAPEX, % of revenue | 1.8% | | | | | 0.0% |
| ROIC | 42.8% | 18.5% | 29.3% | | | 0.0% |
| ROE | 46.4% | 13.2% | 20.9% | | | 0.0% |
| Net Debt/EBITDA | 0.3x | -0.3x | 0.2x | 0.0x | | 0.0x |
Revenue and profitability
The company's Revenue dropped on 15.7% in FY2015. Having declining revenue the company managed to increase EBITDA margin. EBITDA Margin increased slightly on 1.9 pp from 7.5% to 9.4% in FY2015.
Net Income marign decreased on 2.9 pp from 0.98% to -1.9% in FY2015.
Appendix 1: Peers in Jute & Jute Products
Below you can find Ludlow Jute & Specialities benchmarking vs. other companies in Jute & Jute Products 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 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Cheviot Co ($CHEVIOT) | -5.7% | -2.5% | -1.6% | -4.1% | |
| Ai Champdany Industries ($AICHAMP) | -5.1% | 14.5% | -8.8% | -4.4% | |
| |
|---|
| Median (2 companies) | -5.4% | 6.0% | -5.2% | -4.2% | |
|---|
| Ludlow Jute & Specialities ($LUDLOWJUT) | | -11.6% | 1.1% | -2.6% | -15.7% |
Top companies by EBITDA margin, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Cheviot Co ($CHEVIOT) | 11.5% | 13.3% | 14.5% | 13.5% | |
| Ai Champdany Industries ($AICHAMP) | 2.9% | 4.3% | 4.0% | 4.9% | |
| |
|---|
| Median (2 companies) | 7.2% | 8.8% | 9.3% | 9.2% | |
|---|
| Ludlow Jute & Specialities ($LUDLOWJUT) | 7.6% | 4.3% | 6.4% | 3.7% | -2.5% |
Top companies by CAPEX/Revenue, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Cheviot Co ($CHEVIOT) | | 2.9% | 2.6% | 3.0% | |
| |
|---|
| Median (1 company) | 1.8% | 3.3% | 2.5% | 3.0% | |
|---|
Top companies by ROIC, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Cheviot Co ($CHEVIOT) | 23.5% | 22.7% | 11.8% | 9.5% | |
| Ai Champdany Industries ($AICHAMP) | | 4.7% | 3.5% | | |
| |
|---|
| Median (2 companies) | 23.5% | 13.7% | 7.7% | 9.5% | |
|---|
| Ludlow Jute & Specialities ($LUDLOWJUT) | 42.8% | 18.5% | 29.3% | | |
Top companies by Net Debt / EBITDA
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Cheviot Co ($CHEVIOT) | 0.0x | 0.3x | 0.1x | 0.2x | |
| Ai Champdany Industries ($AICHAMP) | 10.3x | 5.6x | 6.9x | 0.0x | |
| |
|---|
| Median (2 companies) | 5.2x | 3.0x | 3.5x | 0.1x | |
|---|
| Ludlow Jute & Specialities ($LUDLOWJUT) | 0.3x | -0.3x | 0.2x | 0.0x | |
