Ennore Coke revenue dropped on 26.1% in 2015
22-05-2015 • About Ennore Coke (
$ENNORE) • By InTwits
Ennore Coke reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Ennore Coke is a company in decline: FY2015 revenue growth was -26.1%, 5 years revenue CAGR was -3.7%
- The company operates at negative EBITDA Margin: -22.7%
- Ennore Coke motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2011-FY2015 was 0.0%. On average EBITDA Margin was -1.7% for the sames years0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Ennore Coke ($ENNORE) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 6,661 | 6,327 | 3,446 | 4,618 | 3,411 | -26.1% |
| EBITDA | 252 | 379 | -279 | | -776 | |
| Net Income | 49 | 20 | -398 | -361 | -536 | |
Balance Sheet
|
|---|
| Cash | 188 | 269 | 555 | | | |
| Short Term Debt | 727 | 1,582 | 2,519 | | | |
| Long Term Debt | 1,365 | 195 | 1,280 | | | |
Cash flow
|
|---|
| Capex | 29 | | | | | |
Ratios
|
|---|
| Revenue growth | 62.1% | -5.0% | -45.5% | 34.0% | -26.1% | |
| EBITDA growth | -15.5% | 50.5% | -173.6% | | | |
| EBITDA Margin | 3.8% | 6.0% | -8.1% | 0.0% | -22.7% | -22.7% |
| Net Income Margin | 0.7% | 0.3% | -11.5% | -7.8% | -15.7% | -7.9% |
| CAPEX, % of revenue | 0.4% | | | | | 0.0% |
| ROIC | 7.6% | 9.3% | -14.5% | | | 0.0% |
| ROE | 10.4% | 4.0% | -128.3% | | | 0.0% |
| Net Debt/EBITDA | 7.6x | 4.0x | | | | 0.0x |
Revenue and profitability
Ennore Coke's Revenue dropped on 26.1% in FY2015.
Net Income marign decreased on 7.9 pp from -7.8% to -15.7% in FY2015.
Appendix 1: Peers in Comm.Trading & Distribution
Below we provide Ennore Coke benchmarking against other companies in Comm.Trading & Distribution 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 |
|---|
| Risa International ($RISAINTL) | 285.4% | | | 4,724.7% | |
| Shri Krishna Prasadam ($SKP) | | 69.6% | 57.3% | 1,074.7% | |
| Parker Agrochem Exports ($PARKERAC) | -87.9% | -77.2% | 1,542.3% | 39.1% | |
| Gagan Polycot India ($GAGANPO) | -23.2% | -59.4% | 76.3% | 18.2% | |
| Ptl Enterprises ($PTL) | | 17.9% | 12.6% | 17.7% | 35.1% |
| |
|---|
| Median (18 companies) | -35.8% | 14.0% | 13.4% | 12.5% | -8.1% |
|---|
| Ennore Coke ($ENNORE) | | -5.0% | -45.5% | 34.0% | -26.1% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Ptl Enterprises ($PTL) | 27.6% | 26.6% | 22.7% | 21.6% | 18.5% |
| Maxwell Industries ($MAXWELL) | 6.7% | 9.9% | 6.7% | 9.0% | |
| Cravatex ($CRAVATEX) | 12.7% | 5.8% | 7.4% | 7.0% | |
| Kothari Products ($KOTHARIPRO) | 3.3% | 5.4% | 4.4% | 5.9% | |
| Risa International ($RISAINTL) | | | -2.3% | 3.3% | |
| |
|---|
| Median (14 companies) | 2.4% | 2.7% | 2.8% | 2.0% | 3.4% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Maxwell Industries ($MAXWELL) | 1.2% | 0.9% | 1.9% | 2.4% | |
| Ptl Enterprises ($PTL) | 1.0% | 5.0% | 4.5% | 2.4% | 4.2% |
| Redington (India) ($REDINGTON) | 0.3% | 0.2% | 0.7% | 0.2% | |
| Kothari Products ($KOTHARIPRO) | 0.9% | 2.5% | 0.1% | 0.2% | |
| Mmtc ($MMTC) | 0.1% | 0.0% | 0.1% | 0.1% | 0.1% |
| |
|---|
| Median (6 companies) | 0.9% | 0.6% | 0.1% | 0.2% | 2.1% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Kothari Products ($KOTHARIPRO) | 7.4% | 23.4% | 20.0% | 28.3% | |
| Ptl Enterprises ($PTL) | 18.1% | 18.5% | 19.5% | 21.1% | 22.1% |
| Redington (India) ($REDINGTON) | 15.5% | 17.2% | 16.0% | 16.3% | |
| Risa International ($RISAINTL) | | | -0.2% | 14.8% | |
| Bombay Cycle & Motor Agency ($BOMBCYC) | | | 15.1% | 13.5% | |
| |
|---|
| Median (51 companies) | 2.5% | 4.5% | 5.2% | 9.7% | 10.5% |
|---|
| Ennore Coke ($ENNORE) | 7.6% | 9.3% | -14.5% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Ph Capital ($PHCAP) | | | | 18.4x | 0.0x |
| Unitech International ($UNITINT) | | | | 5.1x | |
| Vipul Dye Chem ($VIPULDYE) | 2.9x | 3.9x | 5.1x | 3.9x | |
| Maxwell Industries ($MAXWELL) | 5.7x | 3.7x | 5.8x | 3.5x | |
| Vadilal Enterprises ($VADILENT) | 1.3x | 2.3x | 4.0x | 2.3x | |
| |
|---|
| Median (28 companies) | 3.0x | 1.7x | 1.9x | 0.0x | 0.0x |
|---|
