Avance Technologies reports 20.3% revenue growth in FY2015
28-05-2015 • About Avance Technologies (
$AVANCE) • By InTwits
Avance Technologies reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- EBITDA Margin is declining: in FY2015 vs. in FY2014 vs. -0.1% in FY2011
- Avance Technologies motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2011-FY2015 was 0.0%. On average EBITDA Margin was -0.2% for the sames years0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Avance Technologies ($AVANCE) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 1,764 | 1,558 | 1,280 | 886 | 1,066 | 20.3% |
| EBITDA | -1 | -6 | -7 | | | |
| Net Income | 0 | -11 | -5 | -33 | -11 | |
Balance Sheet
|
|---|
| Cash | 103 | 15 | 5 | | | |
| Short Term Debt | 0 | 86 | 88 | | | |
| Long Term Debt | 0 | 0 | 0 | | | |
Cash flow
|
|---|
| Capex | 0 | 0 | | | | |
Ratios
|
|---|
| Revenue growth | 51.8% | -11.7% | -17.9% | -30.8% | 20.3% | |
| EBITDA growth | -145.0% | 350.4% | 16.0% | | | |
| EBITDA Margin | -0.1% | -0.4% | -0.6% | 0.0% | 0.0% | 0.0% |
| Net Income Margin | 0.0% | -0.7% | -0.4% | -3.8% | -1.0% | 2.7% |
| ROIC | -0.1% | -0.2% | -0.2% | | | 0.0% |
| ROE | 0.0% | -0.4% | -0.1% | | | 0.0% |
Revenue and profitability
The company's Revenue jumped on 20.3% in FY2015.
Net Income marign increased on 2.7 pp from -3.8% to -1.0% in FY2015.
Appendix 1: Peers in IT Software Products
Below we provide Avance Technologies benchmarking against other companies in IT Software 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 |
|---|
| 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) | | 60.5% | 24.5% | 33.4% | 12.8% |
| Trigyn Technologies ($TRIGYN) | | 16.8% | 27.1% | 29.8% | 9.1% |
| |
|---|
| Median (15 companies) | -45.2% | 16.5% | 17.7% | 21.8% | 9.6% |
|---|
| Avance Technologies ($AVANCE) | | -11.7% | -17.9% | -30.8% | 20.3% |
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 ($TATAELXSI) | 11.4% | 13.8% | 11.9% | 17.6% | 20.9% |
| Dion Global Solutions ($DION) | 14.6% | 10.0% | 8.5% | -8.5% | 15.4% |
| Polaris Financial Technology ($POLARIS) | 13.6% | 13.8% | 11.9% | 10.2% | 11.9% |
| |
|---|
| Median (14 companies) | 10.7% | 9.6% | 9.4% | 10.1% | 9.7% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Dion Global Solutions ($DION) | 10.7% | 39.9% | 11.9% | 29.6% | 4.0% |
| Datamatics Global Services ($DATAMATICS) | 5.7% | 20.2% | 3.1% | 12.9% | 2.2% |
| Aurionpro Solutions ($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% | 4.5% | 5.4% | 2.3% | 3.0% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tata Elxsi ($TATAELXSI) | 13.2% | 22.5% | 19.1% | 38.3% | 55.4% |
| Trigyn Technologies ($TRIGYN) | 15.7% | 15.2% | 21.1% | 26.2% | |
| 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 ($DATAMATICS) | 2.5% | 9.8% | 11.4% | 16.4% | 11.3% |
| |
|---|
| Median (31 companies) | 5.5% | 4.6% | 5.8% | 16.3% | 13.8% |
|---|
| Avance Technologies ($AVANCE) | -0.1% | -0.2% | -0.2% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Subex ($SUBEX) | 4.2x | 4.6x | 13.1x | 8.5x | 8.0x |
| Dion Global Solutions ($DION) | 11.6x | 11.8x | 11.3x | | 7.4x |
| Saksoft ($SAKSOFT) | 3.8x | 2.8x | 2.3x | 0.0x | 1.2x |
| Datamatics Global Services ($DATAMATICS) | 0.2x | 0.5x | 0.3x | 0.5x | 0.3x |
| Technvision Ventures ($TECHNVISN) | 4.6x | 3.2x | 2.5x | | 0.0x |
| |
|---|
| Median (13 companies) | 0.2x | 0.5x | 0.0x | 0.0x | 0.0x |
|---|
