Alchemist reports 83.3% revenue decline in FY2015
29-05-2015 • About Alchemist (
$TURBOIN) • By InTwits
Alchemist reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Alchemist is a company in decline: FY2015 revenue growth was -83.3%, 5 years revenue CAGR was -3.1%
- EBITDA Margin is declining: -12.7% in FY2015 vs. in FY2014 vs. 7.5% in FY2011
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Alchemist ($TURBOIN) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 5,029 | 8,858 | 14,574 | 15,078 | 2,522 | -83.3% |
| EBITDA | 377 | 355 | 408 | | -321 | |
| Net Income | 130 | 239 | 272 | 142 | -200 | -241.1% |
Balance Sheet
|
|---|
| Cash | 88 | 284 | 389 | | | |
| Short Term Debt | 187 | 256 | 66 | | | |
| Long Term Debt | 1,688 | 3,019 | 2,942 | | | |
Cash flow
|
|---|
| Capex | 668 | 789 | | | | |
Ratios
|
|---|
| Revenue growth | 70.3% | 76.1% | 64.5% | 3.5% | -83.3% | |
| EBITDA growth | 11.2% | -5.9% | 15.0% | | | |
| EBITDA Margin | 7.5% | 4.0% | 2.8% | 0.0% | -12.7% | -12.7% |
| Net Income Margin | 2.6% | 2.7% | 1.9% | 0.9% | -7.9% | -8.9% |
| CAPEX, % of revenue | 13.3% | 8.9% | | | | 0.0% |
| ROIC | 8.5% | 6.0% | 5.8% | | | 0.0% |
| ROE | 12.5% | 26.0% | 20.3% | | | 0.0% |
| Net Debt/EBITDA | 4.7x | 8.4x | 6.4x | | | 0.0x |
Revenue and profitability
The company's Revenue dropped on 83.3% in FY2015.
Net Income marign decreased on 8.9 pp from 0.94% to -7.9% in FY2015.
Appendix 1: Peers in
Below you can find Alchemist benchmarking vs. other companies in 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 |
|---|
| Rane Engine Valve ($RANENGIN) | | 6.5% | -14.4% | -1.2% | 49.3% |
| Indbulbbph ($INDBULBBPH) | | -3.2% | -6.5% | 33.5% | 49.2% |
| Monetbbph ($MONETBBPH) | | 22.3% | 3.7% | 11.6% | 40.8% |
| Asleyf ($ASLEYF) | | 15.5% | -3.3% | -8.0% | 33.6% |
| Bharat Rasayan ($BHARATRA) | | 51.3% | 32.1% | 92.7% | 21.4% |
| |
|---|
| Median (15 companies) | -48.2% | 17.4% | 8.5% | 4.2% | 9.2% |
|---|
| Alchemist ($TURBOIN) | | 76.1% | 64.5% | 3.5% | -83.3% |
Top companies by Gross margin, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Jenson & Nicholson Financial Services ($JNFSL) | | 0.0% | 0.0% | 0.0% | 0.0% |
| Bombay Drugs & Pharmas ($BOMDRDM) | | 0.0% | 0.0% | 0.0% | 0.0% |
| Southern Herbals ($SOUTHNHE) | | 0.0% | 0.0% | 0.0% | 0.0% |
| Tafnccpeq ($TAFNCCPEQ) | | 0.0% | 0.0% | 0.0% | 0.0% |
| |
|---|
| Median (4 companies) | | 0.0% | 0.0% | 0.0% | 0.0% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Oswal Chemicals & Fertilizers ($OSWALCHEM) | | | | | 53.4% |
| Paushak ($PAUSHAK) | | | | | 25.6% |
| The United Nilgiri Tea Estates Company ($UNITEDTEA) | | | | | 24.7% |
| Indbulbbph ($INDBULBBPH) | 27.9% | 36.7% | 34.6% | 29.5% | 23.5% |
| Uplbbph ($UPLBBPH) | 18.8% | 18.2% | 18.3% | 18.8% | 20.0% |
| |
|---|
| Median (19 companies) | 14.8% | 15.4% | 13.7% | 14.6% | 10.7% |
|---|
| Alchemist ($TURBOIN) | 7.5% | 4.0% | 2.8% | | -12.7% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Monetbbph ($MONETBBPH) | 9.6% | 131.4% | 5.2% | 139.2% | 89.2% |
| Jklakbbph ($JKLAKBBPH) | 23.6% | 28.5% | 28.8% | 24.6% | 23.6% |
| Rilbbph ($RILBBPH) | 12.7% | 4.6% | 7.7% | 13.8% | 16.9% |
| Gkw ($GKW) | | | | | 15.5% |
| Paushak ($PAUSHAK) | | | | | 12.3% |
| |
|---|
| Median (17 companies) | 5.0% | 8.6% | 5.2% | 3.8% | 5.0% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Bharat Rasayan ($BHARATRA) | 10.0% | 22.1% | 13.7% | 21.9% | 26.1% |
| Uplbbph ($UPLBBPH) | 16.3% | 17.1% | 15.9% | 18.2% | 22.1% |
| Ginni Filaments ($GINNIFIL) | 11.6% | -1.0% | 15.2% | 21.6% | 12.8% |
| Rane Brake Lining ($RANEBRAKE) | 15.3% | 14.1% | 7.9% | 11.1% | 12.8% |
| Asleyf ($ASLEYF) | 13.6% | 12.2% | 5.8% | -0.5% | 7.6% |
| |
|---|
| Median (25 companies) | 10.9% | 9.4% | 7.6% | 5.6% | 1.3% |
|---|
| Alchemist ($TURBOIN) | 8.5% | 6.0% | 5.8% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Monetbbph ($MONETBBPH) | 5.3x | 9.8x | 16.3x | 27.4x | 140.3x |
| Indbulbbph ($INDBULBBPH) | 8.5x | 4.3x | 4.8x | 5.5x | 9.6x |
| Jklakbbph ($JKLAKBBPH) | 3.0x | 2.1x | 2.3x | 5.3x | 5.5x |
| Asleyf ($ASLEYF) | 2.0x | 2.5x | 5.0x | 17.8x | 5.0x |
| Rane Engine Valve ($RANENGIN) | 1.7x | 2.1x | 11.3x | 4.5x | 4.8x |
| |
|---|
| Median (15 companies) | 1.8x | 2.1x | 2.2x | 2.4x | 3.4x |
|---|
