Trigyn Technologies Net Income dropped on 69.7% in 2015 and EBITDA Margin decreased on 2.1 pp from 9.5% to 7.4%
25-05-2015 • About Trigyn Technologies (
$TRIGYN) • By InTwits
Trigyn Technologies reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Trigyn Technologies ($TRIGYN) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 2,345 | 2,739 | 3,481 | 4,517 | 4,929 | 9.1% |
| EBITDA | 144 | 158 | 223 | 429 | 363 | -15.3% |
| Net Income | 422 | 107 | 157 | 807 | 245 | -69.7% |
Balance Sheet
|
|---|
| Cash | 119 | 86 | 122 | 94 | | -100.0% |
| Short Term Debt | 0 | 0 | | 0 | | |
| Long Term Debt | 4 | 5 | 5 | 0 | | |
Cash flow
|
|---|
| Capex | 7 | 101 | | | | |
Ratios
|
|---|
| Revenue growth | -59.5% | 16.8% | 27.1% | 29.8% | 9.1% | |
| EBITDA growth | 12.5% | 9.9% | 40.8% | 92.5% | -15.3% | |
| EBITDA Margin | 6.1% | 5.8% | 6.4% | 9.5% | 7.4% | -2.1% |
| Net Income Margin | 18.0% | 3.9% | 4.5% | 17.9% | 5.0% | -12.9% |
| CAPEX, % of revenue | 0.3% | 3.7% | | | | 0.0% |
| ROIC | 15.7% | 15.2% | 21.1% | 26.2% | | -26.2% |
| ROE | 92.9% | 14.6% | 17.4% | 50.4% | | -50.4% |
| Net Debt/EBITDA | -0.8x | -0.5x | -0.5x | -0.2x | 0.0x | 0.2x |
Revenue and profitability
The company's Revenue increased on 9.1% in FY2015. Revenue decline was accompanies by EBITDA margin decline. EBITDA Margin decreased on 4.2 pp from 3.2% to -0.99% in FY2015.
Net Income marign dropped on 12.9 pp from 17.9% to 5.0% in FY2015.
Appendix 1: Peers in IT Software Products
Below you can find Trigyn Technologies benchmarking vs. other companies in IT Software Products 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 |
|---|
| Blue Star Infotech ($BLUESTINFO) | | 5.1% | 49.2% | 43.3% | -2.0% |
| Saksoft ($SAKSOFT) | | 16.3% | 29.5% | 41.1% | 3.1% |
| Twinstar Industries ($TWINSTAR) | -90.5% | 204.5% | 59.8% | 38.8% | |
| Datamatics Global Services ($DATAMATICS) | -71.6% | 60.5% | 24.5% | 33.4% | |
| Tata Elxsi ($TATAELXSI) | | 29.5% | 15.4% | 24.6% | 9.6% |
| |
|---|
| Median (15 companies) | -45.2% | 15.1% | 15.4% | 14.2% | 5.8% |
|---|
| Trigyn Technologies ($TRIGYN) | | 16.8% | 27.1% | 29.8% | 9.1% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Atishay Infotech ($ATISHAY) | 19.6% | 35.7% | 28.1% | 25.8% | 24.5% |
| Subex ($SUBEX) | 26.8% | 27.3% | 17.0% | 24.9% | 23.6% |
| Tata Elxsi ($TATAELXSI) | 11.4% | 13.8% | 11.9% | 17.6% | 20.9% |
| Datamatics Global Services ($DATAMATICS) | 5.6% | 9.2% | 9.4% | 12.4% | |
| Aurionpro Solutions ($AURIONPRO) | 21.4% | 15.9% | 14.5% | 12.0% | |
| |
|---|
| Median (13 companies) | 10.7% | 9.6% | 9.4% | 10.2% | 10.0% |
|---|
| Trigyn Technologies ($TRIGYN) | 6.1% | 5.8% | 6.4% | 9.5% | 7.4% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Dion Global Solutions ($DION) | 10.7% | 39.9% | 11.9% | 29.6% | |
| Datamatics Global Services ($DATAMATICS) | 5.7% | 20.2% | 3.1% | 12.9% | |
| Aurionpro Solutions ($AURIONPRO) | 15.7% | 17.5% | 12.3% | 12.6% | |
| Atishay Infotech ($ATISHAY) | 3.8% | 41.7% | 8.6% | 10.0% | |
| Tata Elxsi ($TATAELXSI) | 7.0% | 5.3% | 5.4% | 3.1% | 3.9% |
| |
|---|
| Median (11 companies) | 5.2% | 3.9% | 5.4% | 2.3% | 2.8% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tata Elxsi ($TATAELXSI) | 13.2% | 22.5% | 19.1% | 38.3% | 55.4% |
| Mindteck (India) ($MINDTECK) | 6.7% | -2.6% | 1.2% | 20.0% | |
| Atishay Infotech ($ATISHAY) | 30.9% | 27.2% | 15.7% | 19.2% | |
| Datamatics Global Services ($DATAMATICS) | 2.5% | 9.8% | 11.4% | 16.4% | |
| Blue Star Infotech ($BLUESTINFO) | | | 7.1% | 16.3% | 17.4% |
| |
|---|
| Median (31 companies) | 3.9% | 3.8% | 4.7% | 14.4% | 16.2% |
|---|
| Trigyn Technologies ($TRIGYN) | 15.7% | 15.2% | 21.1% | 26.2% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Subex ($SUBEX) | 4.2x | 4.6x | 13.1x | 8.5x | 8.0x |
| Aurionpro Solutions ($AURIONPRO) | 1.1x | 1.7x | 1.7x | 1.9x | |
| Datamatics Global Services ($DATAMATICS) | 0.2x | 0.5x | 0.3x | 0.5x | |
| Atishay Infotech ($ATISHAY) | -1.0x | -0.2x | -0.0x | 0.3x | 0.0x |
| Ace Software Exports ($ACESOFT) | | | | 0.0x | |
| |
|---|
| Median (14 companies) | 0.2x | 0.7x | 0.0x | 0.0x | 0.0x |
|---|
| Trigyn Technologies ($TRIGYN) | -0.8x | -0.5x | -0.5x | -0.2x | 0.0x |
