Fenoplast revenue growth decelerated from 12.6% in FY2014 to 8.5% in FY2015
25-05-2015 • About Fenoplast (
$FENOPLAS) • By InTwits
Fenoplast reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Fenoplast ($FENOPLAS) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 1,763 | 1,963 | 1,941 | 2,186 | 2,373 | 8.5% |
| EBITDA | 144 | 177 | 176 | | 186 | |
| Net Income | 25 | 27 | 17 | 17 | 18 | 5.4% |
Balance Sheet
|
|---|
| Cash | 35 | 31 | 46 | | | |
| Short Term Debt | 445 | 464 | 542 | | | |
| Long Term Debt | 56 | 76 | 48 | | | |
Cash flow
|
|---|
| Capex | 17 | 46 | 13 | | | |
Ratios
|
|---|
| Revenue growth | -34.4% | 11.4% | -1.1% | 12.6% | 8.5% | |
| EBITDA growth | -1.1% | 22.9% | -0.7% | | | |
| EBITDA Margin | 8.2% | 9.0% | 9.1% | 0.0% | 7.8% | 7.8% |
| Net Income Margin | 1.4% | 1.4% | 0.9% | 0.8% | 0.7% | -0.0% |
| CAPEX, % of revenue | 1.0% | 2.3% | 0.7% | | | 0.0% |
| ROIC | 14.8% | 17.3% | 16.3% | | | 0.0% |
| ROE | 8.1% | 8.2% | 4.9% | | | 0.0% |
| Net Debt/EBITDA | 3.2x | 2.9x | 3.1x | | 0.0x | 0.0x |
Revenue and profitability
Fenoplast's Revenue increased on 8.5% in FY2015.
Net Income marign showed almost no change in FY2015.
Appendix 1: Peers in Plastic Products
Below we provide Fenoplast benchmarking against other companies in Plastic 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 |
|---|
| Acrysil ($ACRYSIL) | | 11.3% | 29.6% | 33.8% | 19.4% |
| Astral Poly Technik ($ASTRAL) | 41.6% | 41.7% | 41.6% | 30.8% | |
| Shaily Engineering Plastics ($SHAILY) | | 14.9% | -16.0% | 23.3% | 19.2% |
| Wim Plast ($WIMPLAST) | | 27.5% | 23.1% | 19.5% | 23.5% |
| Jain Irrigation Systems ($JISLJALEQS) | | 20.9% | 2.1% | 16.1% | 5.6% |
| |
|---|
| Median (11 companies) | -51.4% | 18.2% | 24.4% | 15.5% | 19.2% |
|---|
| Fenoplast ($FENOPLAS) | | 11.4% | -1.1% | 12.6% | 8.5% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Wim Plast ($WIMPLAST) | 18.5% | 18.1% | 17.9% | 18.1% | 17.0% |
| Acrysil ($ACRYSIL) | 19.2% | 12.4% | 16.8% | 17.5% | 19.5% |
| Shaily Engineering Plastics ($SHAILY) | 11.5% | 14.3% | 13.9% | 16.0% | 14.8% |
| Astral Poly Technik ($ASTRAL) | 13.5% | 14.2% | 14.2% | 14.8% | |
| Jain Irrigation Systems ($JISLJALEQS) | 18.6% | 16.6% | 12.6% | 12.6% | 12.4% |
| |
|---|
| Median (10 companies) | 12.3% | 12.9% | 12.1% | 11.8% | 14.8% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Flexituff International ($FLEXITUFF) | 11.0% | 10.8% | 10.3% | 15.7% | |
| Shaily Engineering Plastics ($SHAILY) | 1.9% | 3.7% | | 10.7% | 17.2% |
| Acrysil ($ACRYSIL) | 21.2% | 7.8% | 11.0% | 9.6% | 9.3% |
| Astral Poly Technik ($ASTRAL) | 9.3% | 11.9% | 8.4% | 8.6% | |
| Responsive Industries ($RESPONIND) | 18.7% | 14.7% | 10.3% | 6.9% | |
| |
|---|
| Median (8 companies) | 9.1% | 10.8% | 8.4% | 7.7% | 8.6% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Astral Poly Technik ($ASTRAL) | 22.6% | 29.3% | 31.1% | 33.3% | |
| Wim Plast ($WIMPLAST) | 31.0% | 31.8% | 31.2% | 31.0% | 31.2% |
| Acrysil ($ACRYSIL) | | 7.7% | 16.2% | 20.2% | 21.0% |
| Shaily Engineering Plastics ($SHAILY) | 12.1% | 19.5% | 15.0% | 19.3% | 15.2% |
| Flexituff International ($FLEXITUFF) | 14.7% | 18.6% | 15.9% | 11.0% | |
| |
|---|
| Median (21 companies) | 12.1% | 10.0% | 10.9% | 15.1% | 18.1% |
|---|
| Fenoplast ($FENOPLAS) | 14.8% | 17.3% | 16.3% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Jain Irrigation Systems ($JISLJALEQS) | 3.4x | 3.8x | 5.1x | 4.8x | 4.8x |
| Flexituff International ($FLEXITUFF) | 3.5x | 2.2x | 3.1x | 4.3x | |
| Responsive Industries ($RESPONIND) | 1.9x | 3.3x | 2.9x | 2.4x | |
| Acrysil ($ACRYSIL) | 1.9x | 2.9x | 2.2x | 2.0x | 2.7x |
| Shaily Engineering Plastics ($SHAILY) | 4.0x | 1.9x | 1.8x | 1.9x | 2.6x |
| |
|---|
| Median (13 companies) | 2.2x | 2.1x | 2.2x | 0.7x | 2.6x |
|---|
