Shreyans Industries EBITDA dropped on 35.7% in 2015 and Revenue decreased on 8.8%
20-05-2015 • About Shreyans Industries (
$SHREYANIND) • By InTwits
Shreyans Industries reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: Shreyans Industries is a company in decline: FY2015 revenue growth was -8.8%, 5 years revenue CAGR was -3.5%.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Shreyans Industries ($SHREYANIND) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 2,558 | 2,758 | 3,433 | 4,028 | 3,675 | -8.8% |
| EBITDA | 167 | 181 | 285 | 372 | 239 | -35.7% |
| Net Income | 47 | 23 | 78 | 126 | 98 | -22.5% |
Balance Sheet
|
|---|
| Cash | 8 | 13 | 44 | | | |
| Short Term Debt | 234 | 333 | 196 | | | |
| Long Term Debt | 120 | 170 | 123 | | | |
Cash flow
|
|---|
| Capex | 54 | 252 | | | | |
Ratios
|
|---|
| Revenue growth | -41.7% | 7.8% | 24.4% | 17.3% | -8.8% | |
| EBITDA growth | -20.1% | 8.0% | 57.7% | 30.6% | -35.7% | |
| EBITDA Margin | 6.5% | 6.5% | 8.3% | 9.2% | 6.5% | -2.7% |
| Net Income Margin | 1.8% | 0.8% | 2.3% | 3.1% | 2.7% | -0.5% |
| CAPEX, % of revenue | 2.1% | 9.1% | | | | 0.0% |
| ROIC | 6.3% | 6.8% | 13.8% | | | 0.0% |
| ROE | 7.4% | 3.4% | 10.9% | | | 0.0% |
| Net Debt/EBITDA | 2.1x | 2.7x | 1.0x | 0.0x | 0.0x | 0.0x |
Revenue and profitability
The company's Revenue decreased on 8.8% in FY2015. Revenue decline was accompanies by EBITDA margin decline. EBITDA Margin decreased on 2.7 pp from 9.2% to 6.5% in FY2015.
Net Income marign showed almost no change in FY2015.
Management team
The company's CEO is Anil Kumar. Anil Kumar has 7 years tenure at the company.
Appendix 1: Peers in Paper & Paper Products
Below we provide Shreyans Industries benchmarking against other companies in Paper & Paper 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 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Yash Papers ($YASHPPR) | | 9.0% | -3.6% | 39.5% | 17.3% |
| Tamil Nadu Newsprint & Papers ($TNPL) | -54.0% | 26.0% | 22.2% | 22.8% | |
| Malu Paper Mills ($MALUPAPER) | -36.5% | 0.3% | 4.9% | 22.6% | |
| Jk Paper ($JKPAPER) | | 7.9% | 9.4% | 18.5% | 24.3% |
| Kuantum Papers ($KUANTUM) | -47.9% | 22.1% | 11.9% | 14.4% | |
| |
|---|
| Median (14 companies) | -36.5% | 9.5% | 4.7% | 7.5% | 17.3% |
|---|
| Shreyans Industries ($SHREYANIND) | | 7.8% | 24.4% | 17.3% | -8.8% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tamil Nadu Newsprint & Papers ($TNPL) | 26.2% | 21.0% | 22.2% | 22.5% | |
| Yash Papers ($YASHPPR) | 15.6% | 15.7% | 16.8% | 16.0% | 15.7% |
| Kuantum Papers ($KUANTUM) | 15.1% | 11.2% | 14.2% | 15.9% | |
| Tcpl Packaging ($TCPLPACK) | 14.7% | 16.1% | 14.9% | 15.7% | |
| Ruchira Papers ($RUCHIRA) | 13.1% | 14.7% | 17.1% | 15.2% | |
| |
|---|
| Median (10 companies) | 13.9% | 12.2% | 14.4% | 14.9% | 11.4% |
|---|
| Shreyans Industries ($SHREYANIND) | 6.5% | 6.5% | 8.3% | 9.2% | 6.5% |
Top companies by CAPEX/Revenue, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Emami Paper Mills ($EMAMIPAP) | 5.0% | 24.4% | 7.3% | 19.2% | 89.3% |
| Jk Paper ($JKPAPER) | 10.1% | 47.6% | 59.5% | 15.9% | 4.2% |
| Tcpl Packaging ($TCPLPACK) | 12.1% | 18.3% | 8.6% | 11.1% | |
| Tamil Nadu Newsprint & Papers ($TNPL) | 23.6% | 18.9% | 10.4% | 5.5% | |
| |
|---|
| Median (4 companies) | 5.8% | 13.2% | 9.5% | 13.5% | 46.8% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tcpl Packaging ($TCPLPACK) | 13.3% | 15.4% | 17.4% | 16.9% | |
| Yash Papers ($YASHPPR) | 7.3% | 8.3% | 8.3% | 11.5% | |
| Tamil Nadu Newsprint & Papers ($TNPL) | 7.6% | 5.3% | 8.2% | 11.1% | |
| Emami Paper Mills ($EMAMIPAP) | | 5.8% | 5.9% | 5.4% | 3.0% |
| Jk Paper ($JKPAPER) | 15.4% | 5.2% | 2.7% | 1.1% | 4.3% |
| |
|---|
| Median (21 companies) | 7.5% | 8.3% | 8.2% | 11.1% | 3.6% |
|---|
| Shreyans Industries ($SHREYANIND) | 6.3% | 6.8% | 13.8% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Jk Paper ($JKPAPER) | 2.0x | 6.8x | 12.7x | 14.1x | 8.6x |
| Emami Paper Mills ($EMAMIPAP) | 5.9x | 7.4x | 5.3x | 5.0x | 11.2x |
| Yash Papers ($YASHPPR) | 5.7x | 5.2x | 5.5x | 4.5x | 0.0x |
| Tamil Nadu Newsprint & Papers ($TNPL) | 4.7x | 5.4x | 3.6x | 2.8x | |
| Tcpl Packaging ($TCPLPACK) | 2.6x | 2.6x | 2.3x | 2.2x | |
| |
|---|
| Median (14 companies) | 4.3x | 3.6x | 3.3x | 0.0x | 8.6x |
|---|
| Shreyans Industries ($SHREYANIND) | 2.1x | 2.7x | 1.0x | 0.0x | 0.0x |
