Ece Industries reports 58.1% revenue growth in FY2015
26-05-2015 • About Ece Industries (
$ECEIND) • By InTwits
Ece Industries reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- EBITDA Margin is relatively stable: in FY2015 vs. in FY2014 vs. -0.5% in FY2011
- Ece Industries spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2011-FY2015 is 0.0%. Average EBITDA Margin for the same period was -0.9%0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Ece Industries ($ECEIND) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 1,853 | 1,905 | 1,316 | 1,121 | 1,771 | 58.1% |
| EBITDA | -9 | -47 | -18 | | | |
| Net Income | 21 | 28 | 9 | 2 | 10 | 456.1% |
Balance Sheet
|
|---|
| Cash | 123 | 235 | 44 | | | |
| Short Term Debt | 19 | 70 | 0 | | | |
| Long Term Debt | 1 | 0 | | | | |
Cash flow
|
|---|
| Capex | 104 | 64 | | | | |
Ratios
|
|---|
| Revenue growth | -8.7% | 2.8% | -30.9% | -14.8% | 58.1% | |
| EBITDA growth | | 415.9% | -62.3% | | | |
| EBITDA Margin | -0.5% | -2.5% | -1.4% | 0.0% | 0.0% | 0.0% |
| Net Income Margin | 1.1% | 1.5% | 0.7% | 0.2% | 0.6% | 0.4% |
| CAPEX, % of revenue | 5.6% | 3.4% | | | | 0.0% |
| ROIC | | -4.5% | | | | 0.0% |
| ROE | | 1.9% | 0.7% | | | 0.0% |
Revenue and profitability
The company's Revenue surged on 58.1% in FY2015.
Net Income marign showed almost no change in FY2015.
Appendix 1: Peers in Other Elect.Equip./ Prod.
Below you can find Ece Industries benchmarking vs. other companies in Other Elect.Equip./ Prod. 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 |
|---|
| Birla Ericsson Optical ($BIRLAERIC) | | 13.1% | 64.8% | 134.7% | -11.3% |
| Diamond Power Infrastructure ($DIAPOWER) | -52.4% | 32.7% | 27.9% | 23.1% | |
| Genus Power Infrastructures ($GENUSPOWER) | -34.5% | -1.2% | -7.5% | 17.4% | |
| Ultracab (India) ($ULTRACAB) | 49.2% | 43.1% | 26.2% | 10.5% | |
| Salzer Electronics ($SALZER) | | 23.4% | 2.6% | 6.9% | 15.9% |
| |
|---|
| Median (13 companies) | -6.1% | 23.4% | -2.2% | 0.4% | 25.9% |
|---|
| Ece Industries ($ECEIND) | | 2.8% | -30.9% | -14.8% | 58.1% |
Top companies by Gross margin, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Malvica Engineering ($MALVICAE) | | 0.0% | 0.0% | 0.0% | 0.0% |
| |
|---|
| Median (1 company) | | 0.0% | 0.0% | 0.0% | 0.0% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Genus Power Infrastructures ($GENUSPOWER) | 14.4% | 14.1% | 11.0% | 13.8% | |
| Pitti Laminations ($PITTILAM) | 12.9% | 15.6% | 13.6% | 13.2% | 12.0% |
| Ultracab (India) ($ULTRACAB) | 9.8% | 10.0% | 7.9% | 13.0% | |
| Salzer Electronics ($SALZER) | 14.3% | 12.9% | 12.5% | 12.4% | 12.6% |
| Birla Ericsson Optical ($BIRLAERIC) | -3.3% | 2.6% | 9.0% | 12.3% | 11.3% |
| |
|---|
| Median (12 companies) | 9.1% | 10.0% | 9.5% | 9.3% | 11.6% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Indosolar ($INDOSOLAR) | 24.2% | 311.2% | 148.3% | 42.3% | 26.9% |
| Easun Reyrolle ($EASUNREYRL) | 19.3% | 26.5% | 30.7% | 19.4% | |
| Diamond Power Infrastructure ($DIAPOWER) | | | 6.8% | 8.4% | |
| Salzer Electronics ($SALZER) | 5.7% | 6.8% | 5.6% | 4.1% | 8.2% |
| Birla Ericsson Optical ($BIRLAERIC) | 9.4% | 1.3% | 4.4% | 4.0% | 3.5% |
| |
|---|
| Median (8 companies) | 6.3% | 3.1% | 4.4% | 4.1% | 8.2% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Birla Ericsson Optical ($BIRLAERIC) | -6.6% | -2.2% | 8.2% | 27.3% | 16.6% |
| Ultracab (India) ($ULTRACAB) | 14.3% | 14.8% | 11.6% | 18.4% | |
| Salzer Electronics ($SALZER) | 14.6% | 14.6% | 12.7% | 13.0% | 14.6% |
| Genus Power Infrastructures ($GENUSPOWER) | 15.2% | 12.4% | 8.0% | 12.2% | |
| Diamond Power Infrastructure ($DIAPOWER) | 19.6% | 16.1% | 11.7% | 11.3% | |
| |
|---|
| Median (22 companies) | 13.1% | 9.7% | 9.2% | 10.5% | 8.4% |
|---|
| Ece Industries ($ECEIND) | | -4.5% | | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Easun Reyrolle ($EASUNREYRL) | 11.1x | 19.4x | 11.3x | 11.6x | |
| Hbl Power Systems ($HBLPOWER) | 8.6x | 4.1x | 4.4x | 6.8x | |
| Diamond Power Infrastructure ($DIAPOWER) | 2.5x | 3.3x | 5.2x | 4.8x | |
| Ultracab (India) ($ULTRACAB) | 4.8x | 4.9x | 5.2x | 3.8x | |
| Pitti Laminations ($PITTILAM) | 2.9x | 2.4x | 3.3x | 3.2x | 0.0x |
| |
|---|
| Median (12 companies) | 2.9x | 3.3x | 4.1x | 2.8x | 1.6x |
|---|
