Ruchira Papers reports 63.6% revenue decline in FY2015
28-05-2015 • About Ruchira Papers (
$RUCHIRA) • By InTwits
Ruchira Papers reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: Ruchira Papers is a company in decline: FY2015 revenue growth was -63.6%, 5 years revenue CAGR was -2.8%.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Ruchira Papers ($RUCHIRA) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 2,540 | 2,843 | 2,974 | 3,201 | 1,166 | -63.6% |
| EBITDA | 332 | 418 | 509 | 488 | | -100.0% |
| Net Income | 39 | 76 | 164 | 153 | 2 | -98.8% |
Balance Sheet
|
|---|
| Cash | 8 | 20 | 46 | | | |
| Short Term Debt | 283 | 392 | 381 | | | |
| Long Term Debt | 1,036 | 852 | 502 | | | |
Cash flow
|
|---|
| Capex | 16 | 15 | | | | |
Ratios
|
|---|
| Revenue growth | 89.0% | 11.9% | 4.6% | 7.6% | -63.6% | |
| EBITDA growth | 67.9% | 25.9% | 21.6% | -4.1% | | |
| EBITDA Margin | 13.1% | 14.7% | 17.1% | 15.2% | 0.0% | -15.2% |
| Net Income Margin | 1.5% | 2.7% | 5.5% | 4.8% | 0.2% | -4.6% |
| CAPEX, % of revenue | 0.6% | 0.5% | | | | 0.0% |
| ROIC | 11.2% | 15.4% | 20.2% | | | 0.0% |
| ROE | 6.4% | 11.5% | 21.4% | | | 0.0% |
| Net Debt/EBITDA | 3.9x | 2.9x | 1.6x | 0.0x | | 0.0x |
Revenue and profitability
Ruchira Papers's Revenue dropped on 63.6% in FY2015.
Net Income marign decreased on 4.6 pp from 4.8% to 0.16% in FY2015.
Appendix 1: Peers in Paper & Paper Products
Below you can find Ruchira Papers benchmarking vs. other companies in Paper & Paper 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 |
|---|
| Yash Papers ($YASHPPR) | | 9.0% | -3.6% | 39.5% | 17.3% |
| Tamil Nadu Newsprint & Papers ($TNPL) | | 26.0% | 22.2% | 22.8% | -6.5% |
| Malu Paper Mills ($MALUPAPER) | | 0.3% | 4.9% | 22.6% | 6.0% |
| Jk Paper ($JKPAPER) | | 7.9% | 9.4% | 18.5% | 24.3% |
| Shreyans Industries ($SHREYANIND) | | 7.8% | 24.4% | 17.3% | -8.8% |
| |
|---|
| Median (14 companies) | -43.6% | 8.6% | 6.6% | 8.2% | 3.9% |
|---|
| Ruchira Papers ($RUCHIRA) | | 11.9% | 4.6% | 7.6% | -63.6% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tamil Nadu Newsprint & Papers ($TNPL) | 26.2% | 21.0% | 22.2% | 22.5% | 24.0% |
| South India Paper Mills ($STHINPA) | 14.9% | 13.5% | 16.1% | 10.2% | 15.8% |
| Yash Papers ($YASHPPR) | 15.6% | 15.7% | 16.8% | 16.0% | 15.7% |
| Kuantum Papers ($KUANTUM) | 15.1% | 11.2% | 14.2% | 15.9% | 12.7% |
| Emami Paper Mills ($EMAMIPAP) | 15.1% | 13.3% | 15.0% | 14.5% | 11.4% |
| |
|---|
| Median (10 companies) | 12.9% | 11.6% | 11.8% | 13.2% | 11.4% |
|---|
Top companies by CAPEX/Revenue, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Emami Paper Mills ($EMAMIPAP) | 5.0% | 24.4% | 7.3% | 19.2% | 89.3% |
| Jk Paper ($JKPAPER) | 10.1% | 47.6% | 59.5% | 15.9% | 4.2% |
| Tcpl Packaging ($TCPLPACK) | 12.1% | 18.3% | 8.6% | 11.1% | |
| Tamil Nadu Newsprint & Papers ($TNPL) | 23.6% | 18.9% | 10.4% | 5.5% | 35.2% |
| |
|---|
| Median (4 companies) | 5.8% | 13.2% | 9.5% | 13.5% | 35.2% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tcpl Packaging ($TCPLPACK) | 13.3% | 15.4% | 17.4% | 16.9% | |
| Yash Papers ($YASHPPR) | 7.3% | 8.3% | 8.3% | 11.5% | |
| Tamil Nadu Newsprint & Papers ($TNPL) | 7.6% | 5.3% | 8.2% | 11.1% | 12.7% |
| Emami Paper Mills ($EMAMIPAP) | | 5.8% | 5.9% | 5.4% | 3.0% |
| Jk Paper ($JKPAPER) | 15.4% | 5.2% | 2.7% | 1.1% | 4.3% |
| |
|---|
| Median (21 companies) | 6.8% | 7.9% | 8.2% | 11.1% | 4.3% |
|---|
| Ruchira Papers ($RUCHIRA) | 11.2% | 15.4% | 20.2% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Jk Paper ($JKPAPER) | 2.0x | 6.8x | 12.7x | 14.1x | 8.6x |
| Emami Paper Mills ($EMAMIPAP) | 5.9x | 7.4x | 5.3x | 5.0x | 11.2x |
| Yash Papers ($YASHPPR) | 5.7x | 5.2x | 5.5x | 4.5x | 0.0x |
| Tamil Nadu Newsprint & Papers ($TNPL) | 4.7x | 5.4x | 3.6x | 2.8x | 4.0x |
| Tcpl Packaging ($TCPLPACK) | 2.6x | 2.6x | 2.3x | 2.2x | |
| |
|---|
| Median (14 companies) | 4.3x | 3.6x | 3.3x | 0.0x | 0.0x |
|---|
| Ruchira Papers ($RUCHIRA) | 3.9x | 2.9x | 1.6x | 0.0x | |
