Pentokey Organy (India) EBITDA dropped on 179% in 2015 and EBITDA Margin decreased slightly on 1.9 pp from 1.1% to -0.84%
23-05-2015 • About Pentokey Organy (India) (
$PNTKYOR) • By InTwits
Pentokey Organy (India) reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: EBITDA Margin is quite volatile: -0.8% in FY2015, 1.1% in FY2014, 6.5% in FY2013, 5.5% in FY2012, 5.8% in FY2011.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Pentokey Organy (India) ($PNTKYOR) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 612 | 972 | 1,152 | 1,234 | 1,214 | -1.6% |
| EBITDA | 36 | 53 | 75 | 13 | -10 | -178.9% |
| Net Income | 27 | 29 | 39 | -21 | -44 | |
Balance Sheet
|
|---|
| Cash | 3 | 4 | 10 | | | |
| Short Term Debt | 15 | 74 | 103 | | | |
| Long Term Debt | 27 | 61 | 120 | | | |
Cash flow
|
|---|
| Capex | 6 | 16 | | | | |
Ratios
|
|---|
| Revenue growth | -57.1% | 58.9% | 18.5% | 7.1% | -1.6% | |
| EBITDA growth | | 48.9% | 41.6% | -82.7% | -178.9% | |
| EBITDA Margin | 5.8% | 5.5% | 6.5% | 1.1% | -0.8% | -1.9% |
| Net Income Margin | 4.4% | 2.9% | 3.4% | -1.7% | -3.6% | -1.9% |
| CAPEX, % of revenue | 1.0% | 1.7% | | | | 0.0% |
| ROIC | | 26.8% | 24.0% | | | 0.0% |
| ROE | | 38.9% | 39.0% | | | 0.0% |
| Net Debt/EBITDA | 1.1x | 2.5x | 2.8x | 0.0x | | 0.0x |
Revenue and profitability
Pentokey Organy (India)'s Revenue decreased slightly on 1.6% in FY2015. Revenue decline was worsened by EBITDA margin decline. EBITDA Margin decreased slightly on 1.9 pp from 1.1% to -0.84% in FY2015.
Net Income marign decreased slightly on 1.9 pp from -1.7% to -3.6% in FY2015.
Appendix 1: Peers in Commodity Chemicals
Below we provide Pentokey Organy (India) benchmarking against other companies in Commodity Chemicals 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 |
|---|
| 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 ($CAMPHOR) | -49.0% | -6.7% | 7.2% | 42.7% | |
| |
|---|
| Median (35 companies) | -37.9% | 15.5% | 10.9% | 10.7% | 5.2% |
|---|
| Pentokey Organy (India) ($PNTKYOR) | | 58.9% | 18.5% | 7.1% | -1.6% |
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 ($ALKYLAMINE) | 13.3% | 15.9% | 16.0% | 19.0% | 18.3% |
| |
|---|
| Median (31 companies) | 13.3% | 11.6% | 8.4% | 8.6% | 9.8% |
|---|
| Pentokey Organy (India) ($PNTKYOR) | 5.8% | 5.5% | 6.5% | 1.1% | -0.8% |
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 ($KANORICHEM) | 12.9% | 25.1% | 6.0% | 13.4% | |
| |
|---|
| Median (20 companies) | 5.9% | 5.3% | 6.6% | 5.7% | 5.4% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Riddhi Siddhi Gluco Biols ($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% | 9.0% | 9.5% | 9.3% | 13.5% |
|---|
| Pentokey Organy (India) ($PNTKYOR) | | 26.8% | 24.0% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| India Glycols ($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 (41 companies) | 2.5x | 2.6x | 3.2x | 1.4x | 1.3x |
|---|
| Pentokey Organy (India) ($PNTKYOR) | 1.1x | 2.5x | 2.8x | 0.0x | |
