Super Spinning Mills revenue dropped on 15.7% in 2015
27-05-2015 • About Super Spinning Mills (
$SUPERSPIN) • By InTwits
Super Spinning Mills reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: Super Spinning Mills is a company in decline: FY2015 revenue growth was -15.7%, 5 years revenue CAGR was -3.7%.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Super Spinning Mills ($SUPERSPIN) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 4,873 | 3,890 | 4,393 | 5,201 | 4,384 | -15.7% |
| EBITDA | 602 | -112 | 428 | | 128 | |
| Net Income | 147 | -441 | 62 | 19 | -133 | -813.4% |
Balance Sheet
|
|---|
| Cash | 56 | 27 | 25 | | | |
| Short Term Debt | 1,423 | 1,071 | 1,142 | | | |
| Long Term Debt | 370 | 178 | 76 | | | |
Cash flow
|
|---|
| Capex | 24 | 27 | | | | |
Ratios
|
|---|
| Revenue growth | -7.8% | -20.2% | 12.9% | 18.4% | -15.7% | |
| EBITDA growth | 34.1% | -118.6% | -481.5% | | | |
| EBITDA Margin | 12.4% | -2.9% | 9.8% | 0.0% | 2.9% | 2.9% |
| Net Income Margin | 3.0% | -11.3% | 1.4% | 0.4% | -3.0% | -3.4% |
| CAPEX, % of revenue | 0.5% | 0.7% | | | | 0.0% |
| ROIC | 13.1% | -13.6% | 13.4% | | | 0.0% |
| ROE | 14.7% | -51.6% | 9.3% | | | 0.0% |
| Net Debt/EBITDA | 2.9x | | 2.8x | | 0.0x | 0.0x |
Revenue and profitability
The company's Revenue dropped on 15.7% in FY2015.
Net Income marign decreased on 3.4 pp from 0.36% to -3.0% in FY2015.
Appendix 1: Peers in Textiles
Below we provide Super Spinning Mills benchmarking against other companies in Textiles 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 |
|---|
| Olympia Industries ($OLYMPTX) | -99.6% | -58.0% | -96.6% | 74,809.1% | |
| Gujarat Cotex ($GUJCOTEX) | | -6.2% | -66.0% | 176.2% | -52.0% |
| T T ($TTL) | -39.2% | -21.8% | 28.7% | 47.8% | |
| Filatex India ($FILATEX) | -74.3% | -2.7% | 158.7% | 44.5% | |
| Gtn Textiles ($GTNTEX) | | -8.8% | 51.2% | 39.4% | -36.3% |
| |
|---|
| Median (73 companies) | -37.6% | 5.0% | 9.3% | 14.2% | 1.0% |
|---|
| Super Spinning Mills ($SUPERSPIN) | | -20.2% | 12.9% | 18.4% | -15.7% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Sil Investments ($SILINV) | | | | | 93.8% |
| Binny ($BINNY) | | | | | 60.9% |
| Ruby Mills ($RUBYMILLS) | 25.2% | 28.3% | 25.1% | 28.6% | 29.3% |
| Premier Synthetics ($PREMSYN) | | | | | 25.9% |
| Maharaja Shree Umaid Mills ($MAHASHR) | 11.1% | 2.0% | 15.4% | 14.0% | 25.1% |
| |
|---|
| Median (47 companies) | 12.9% | 6.5% | 9.5% | 9.8% | 9.8% |
|---|
| Super Spinning Mills ($SUPERSPIN) | 12.4% | -2.9% | 9.8% | | 2.9% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Jindal Worldwide ($JINDWORLD) | 3.6% | 3.0% | 10.5% | 20.7% | |
| SRF ($SRF) | 0.0% | 0.0% | 18.7% | 20.0% | 11.4% |
| Welspun India ($WELSPUNIND) | 11.3% | 5.6% | 7.8% | 16.4% | 10.9% |
| Sel Manufacturing Company ($SELMCL) | 54.2% | 53.9% | 25.1% | 14.0% | |
| Grasim Industries ($GRASIM) | 7.8% | 17.7% | 21.7% | 11.6% | 10.2% |
| |
|---|
| Median (21 companies) | 4.5% | 3.4% | 5.6% | 6.8% | 7.0% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Nitin Spinners ($NITINSPIN) | 13.8% | 6.0% | 19.5% | 21.5% | 17.5% |
| Sutlej Textiles & Industries ($SUTLEJTEX) | 16.0% | 9.5% | 13.6% | 19.8% | 14.6% |
| Vardhman Textiles ($VTL) | 15.5% | 6.6% | 11.9% | 17.3% | 8.5% |
| Maral Overseas ($MARALOVER) | | 4.6% | 14.1% | 16.0% | |
| Rswm ($RSWM) | 17.4% | 2.2% | 15.2% | 15.5% | 11.8% |
| |
|---|
| Median (126 companies) | 10.1% | 3.6% | 9.0% | 9.2% | 9.1% |
|---|
| Super Spinning Mills ($SUPERSPIN) | 13.1% | -13.6% | 13.4% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Jaybharat Textiles & Real Estate ($JAYTEX) | 8.4x | 10.9x | 53.6x | 23.8x | |
| Sree Jayalakshmi Autospin ($SREEJAYA) | 3.4x | | 9.7x | 12.8x | |
| Bombay Rayon Fashions ($BRFL) | 5.9x | 4.9x | 4.9x | 11.6x | 10.0x |
| Sel Manufacturing Company ($SELMCL) | 5.6x | 9.4x | 6.6x | 11.5x | |
| Ruby Mills ($RUBYMILLS) | 15.9x | 12.6x | 15.3x | 10.8x | 8.6x |
| |
|---|
| Median (70 companies) | 3.9x | 3.8x | 3.2x | 0.0x | 0.0x |
|---|
