Tuticorin Alkali Chemicals & Fertilisers reports 408% revenue growth in FY2015 and 60.3 pp EBITDA Margin growth from -70.5% to -10.2%
20-05-2015 • About Tuticorin Alkali Chemicals & Fertilisers (
$TUTIALKA) • By InTwits
Tuticorin Alkali Chemicals & Fertilisers reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- The company operates at negative EBITDA Margin: -10.2%
- Tuticorin Alkali Chemicals & Fertilisers spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2011-FY2015 is 0.0%. Average EBITDA Margin for the same period was -9.7%0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Tuticorin Alkali Chemicals & Fertilisers ($TUTIALKA) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 476 | 2,161 | 1,559 | 261 | 1,324 | 408.0% |
| EBITDA | -117 | -5 | -119 | -184 | -135 | |
| Net Income | -224 | -128 | -212 | -303 | -171 | |
Balance Sheet
|
|---|
| Cash | 30 | 32 | 18 | 6 | | -100.0% |
| Short Term Debt | 73 | 40 | 62 | 106 | | -100.0% |
| Long Term Debt | 222 | 135 | 105 | 105 | | -100.0% |
Cash flow
|
|---|
| Capex | 2 | 5 | | | | |
Ratios
|
|---|
| Revenue growth | -68.7% | 354.1% | -27.9% | -83.3% | 408.0% | |
| EBITDA growth | -25.7% | -95.4% | 2,114.5% | 54.4% | -26.5% | |
| EBITDA Margin | -24.6% | -0.2% | -7.6% | -70.5% | -10.2% | 60.3% |
| Net Income Margin | -47.0% | -5.9% | -13.6% | -116.2% | -12.9% | 103.3% |
| CAPEX, % of revenue | 0.4% | 0.2% | | | | 0.0% |
Revenue and profitability
Tuticorin Alkali Chemicals & Fertilisers's Revenue jumped on 408% in FY2015. Revenue growth happened at the same time with EBITDA margin expansion. EBITDA Margin jumped on 60.3 pp from -70.5% to -10.2% in FY2015.
Net Income marign surged on 103 pp from -116% to -12.9% in FY2015.
Management team
Tuticorin Alkali Chemicals & Fertilisers's CEO is G Ramachandran. G Ramachandran has 6 years tenure at the company. Tuticorin Alkali Chemicals & Fertilisers's CFO is S Nandakumar. S Nandakumar has 5 years tenure at the company.
Appendix 1: Peers in Commodity Chemicals
Below you can find Tuticorin Alkali Chemicals & Fertilisers 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 ($CAMPHOR) | -49.0% | -6.7% | 7.2% | 42.7% | |
| |
|---|
| Median (35 companies) | -39.8% | 15.5% | 11.4% | 10.7% | 4.9% |
|---|
| Tuticorin Alkali Chemicals & Fertilisers ($TUTIALKA) | | 354.1% | -27.9% | -83.3% | 408.0% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Shree Hari Chemicals Export ($SHHARICH) | 8.3% | 1.8% | -19.4% | 29.4% | |
| Chemfab Alkalis ($CHEMFALKAL) | 19.0% | 22.3% | 32.9% | 24.2% | 19.8% |
| Aditya Birla Chemicals (India) ($ABCIL) | 33.6% | 26.8% | 27.1% | 23.6% | 21.9% |
| Bodal Chemicals ($BODALCHEM) | 10.6% | 1.8% | 5.6% | 20.4% | |
| Alkyl Amines Chemicals ($ALKYLAMINE) | 13.3% | 15.9% | 16.0% | 19.0% | 18.3% |
| |
|---|
| Median (31 companies) | 13.3% | 11.6% | 8.4% | 8.6% | 12.3% |
|---|
| Tuticorin Alkali Chemicals & Fertilisers ($TUTIALKA) | -24.6% | -0.2% | -7.6% | -70.5% | -10.2% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Chemfab Alkalis ($CHEMFALKAL) | 5.1% | 2.2% | 15.8% | 55.6% | |
| Aditya Birla Chemicals (India) ($ABCIL) | 5.9% | 136.9% | 24.2% | 30.8% | 15.0% |
| 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 ($KANORICHEM) | 12.9% | 25.1% | 6.0% | 13.4% | |
| |
|---|
| Median (20 companies) | 5.9% | 5.3% | 6.6% | 5.7% | 7.0% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Riddhi Siddhi Gluco Biols ($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 ($ALKYLAMINE) | 10.3% | 16.0% | 18.7% | 25.0% | 23.7% |
| Aarti Industries ($AARTIIND) | 13.1% | 15.9% | 19.1% | 17.2% | 17.9% |
| |
|---|
| Median (59 companies) | 10.6% | 9.1% | 9.8% | 9.3% | 15.0% |
|---|
| Tuticorin Alkali Chemicals & Fertilisers ($TUTIALKA) | | | | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| India Glycols ($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 | 0.0x |
| |
|---|
| Median (42 companies) | 2.5x | 2.6x | 3.2x | 1.1x | 1.3x |
|---|
