Empower India revenue jumped on 23.9% in 2015
27-05-2015 • About Empower India (
$EMPOWER) • By InTwits
Empower India reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: EBITDA Margin is relatively stable: 0.3% in FY2015 vs. in FY2014 vs. 0.9% in FY2011.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Empower India ($EMPOWER) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 1,536 | 1,479 | 1,285 | 866 | 1,072 | 23.9% |
| EBITDA | 14 | 8 | -13 | | 3 | |
| Net Income | 10 | 2 | -69 | -494 | 2 | |
Balance Sheet
|
|---|
| Cash | 3 | | 9 | | | |
| Short Term Debt | 0 | | 0 | | | |
| Long Term Debt | 0 | | 0 | | | |
Cash flow
|
|---|
| Capex | | | 0 | | | |
Ratios
|
|---|
| Revenue growth | 31.6% | -3.7% | -13.2% | -32.6% | 23.9% | |
| EBITDA growth | 43.9% | -41.0% | -256.4% | | | |
| EBITDA Margin | 0.9% | 0.5% | -1.0% | 0.0% | 0.3% | 0.3% |
| Net Income Margin | 0.7% | 0.1% | -5.3% | -57.0% | 0.1% | 57.2% |
| ROIC | 0.2% | | | | | 0.0% |
| ROE | 0.4% | | | | | 0.0% |
| Net Debt/EBITDA | -0.2x | 0.0x | | | 0.0x | 0.0x |
Revenue and profitability
Empower India's Revenue surged on 23.9% in FY2015.
Net Income marign jumped on 57.2 pp from -57.0% to 0.14% in FY2015.
Appendix 1: Peers in IT Consulting & Software
Below you can find Empower India benchmarking vs. other companies in IT Consulting & Software 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 |
|---|
| Ramco Systems ($RAMCOSYS) | | 9.3% | 7.3% | 9.9% | 37.0% |
| Cyient ($CYIENT) | | 30.7% | 20.6% | 17.8% | 24.0% |
| Tech Mahindra ($TECHM) | | 6.8% | 25.2% | 174.0% | 20.1% |
| Mindtree ($MINDTREE) | | 26.6% | 23.2% | 28.8% | 17.0% |
| Tata Consultancy Services ($TCS) | | 31.0% | 28.8% | 29.9% | 15.7% |
| |
|---|
| Median (17 companies) | 50.1% | 22.9% | 20.6% | 14.3% | 10.1% |
|---|
| Empower India ($EMPOWER) | | -3.7% | -13.2% | -32.6% | 23.9% |
Top companies by Gross margin, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tata Consultancy Services ($TCS) | | | | 47.4% | 42.4% |
| Infosys ($INFY) | 45.3% | 41.3% | 98.1% | 35.9% | 38.3% |
| Mindtree ($MINDTREE) | 32.8% | 31.5% | 36.2% | | 34.8% |
| Wipro ($WIPRO) | 31.5% | 29.2% | 30.4% | 32.0% | 31.6% |
| |
|---|
| Median (4 companies) | 34.7% | 32.7% | 36.2% | 35.9% | 36.6% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Oracle Financial Services Software ($OFSS) | 37.4% | 35.3% | 35.2% | 37.4% | 39.7% |
| Infosys ($INFY) | 32.5% | 31.6% | 27.9% | 26.3% | 27.1% |
| Tata Consultancy Services ($TCS) | 29.9% | 29.5% | 28.6% | 30.7% | 26.1% |
| Wipro ($WIPRO) | 21.1% | 19.1% | 20.9% | 22.4% | 22.3% |
| Mindtree ($MINDTREE) | 11.8% | 15.1% | 19.8% | 20.6% | 20.3% |
| |
|---|
| Median (20 companies) | 18.0% | 15.1% | 17.8% | 18.5% | 14.8% |
|---|
| Empower India ($EMPOWER) | 0.9% | 0.5% | -1.0% | | 0.3% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Ramco Systems ($RAMCOSYS) | 16.4% | | 22.1% | 15.3% | 12.4% |
| Niit Technologies ($NIITTECH) | 4.1% | 5.9% | 4.6% | 6.1% | 7.9% |
| Financial Technologies (India) ($FINANTECH) | 64.7% | 8.6% | 11.2% | | 6.5% |
| Mindtree ($MINDTREE) | 5.6% | 2.5% | 4.5% | 5.0% | 5.6% |
| Tech Mahindra ($TECHM) | 3.0% | 5.4% | 2.6% | 5.0% | 5.0% |
| |
|---|
| Median (18 companies) | 4.1% | 3.8% | 3.5% | 3.0% | 3.1% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tata Consultancy Services ($TCS) | 47.1% | 48.6% | 48.4% | 50.2% | 40.5% |
| Tech Mahindra ($TECHM) | 19.2% | 15.4% | 20.1% | 43.0% | 29.7% |
| Geometric ($GEOMETRIC) | 19.6% | 29.9% | 46.4% | 41.1% | 20.6% |
| Mindtree ($MINDTREE) | 14.9% | 24.9% | 34.6% | 36.2% | 32.0% |
| Cmc ($CMC) | 31.5% | 26.2% | 33.2% | 35.3% | 26.0% |
| |
|---|
| Median (30 companies) | 19.2% | 19.4% | 20.7% | 23.1% | 20.6% |
|---|
| Empower India ($EMPOWER) | 0.2% | | | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Ramco Systems ($RAMCOSYS) | 4.0x | 8.8x | | 27.6x | 4.2x |
| Onward Technologies ($ONWARDTEC) | 2.7x | 2.4x | 2.2x | 4.1x | 1.9x |
| Kpit Technologies ($KPIT) | -0.7x | 0.3x | 0.5x | 0.7x | 0.4x |
| Mphasis ($MPHASIS) | 0.0x | -0.1x | 0.2x | | 0.2x |
| Geometric ($GEOMETRIC) | -0.0x | 0.1x | -0.0x | -0.2x | 0.0x |
| |
|---|
| Median (19 companies) | -0.1x | -0.1x | -0.2x | -0.3x | -0.4x |
|---|
| Empower India ($EMPOWER) | -0.2x | 0.0x | | | 0.0x |
