Cranes Software International reports 8.4% revenue growth in FY2015
29-05-2015 • About Cranes Software International (
$CRANESSOFT) • By InTwits
Cranes Software International reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- EBITDA Margin is relatively stable: in FY2015 vs. -41.3% in FY2014 vs. 0.6% in FY2011
- Cranes Software International spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2011-FY2015 is 0.0%. Average EBITDA Margin for the same period was -23.0%0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Cranes Software International ($CRANESSOFT) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 2,404 | 2,699 | 3,100 | 3,392 | 3,676 | 8.4% |
| EBITDA | 13 | -631 | -1,493 | -1,402 | | |
| Net Income | -1,339 | -601 | -2,619 | -1,030 | -396 | |
Balance Sheet
|
|---|
| Cash | 118 | 156 | 104 | | | |
| Short Term Debt | 5,295 | 7,903 | 92 | | | |
| Long Term Debt | 3,924 | 517 | 418 | | | |
Cash flow
|
|---|
| Capex | 0 | 165 | | | | |
Ratios
|
|---|
| Revenue growth | -45.2% | 12.3% | 14.8% | 9.4% | 8.4% | |
| EBITDA growth | -100.8% | -4,799.0% | 136.5% | -6.1% | | |
| EBITDA Margin | 0.6% | -23.4% | -48.2% | -41.3% | 0.0% | 41.3% |
| Net Income Margin | -55.7% | -22.3% | -84.5% | -30.4% | -10.8% | 19.6% |
| CAPEX, % of revenue | 0.0% | 6.1% | | | | 0.0% |
| ROIC | -4.8% | -13.1% | -39.4% | | | 0.0% |
| ROE | -33.4% | -17.6% | -124.3% | | | 0.0% |
| Net Debt/EBITDA | 677.5x | | | | | 0.0x |
Revenue and profitability
The company's Revenue increased on 8.4% in FY2015.
Net Income marign jumped on 19.6 pp from -30.4% to -10.8% in FY2015.
Appendix 1: Peers in IT Software Products
Below we provide Cranes Software International 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 |
|---|
| Atishay Infotech ($ATISHAY) | | -25.4% | 6.9% | 21.8% | 28.2% |
| Dion Global Solutions ($DION) | | 40.4% | 40.8% | -9.5% | 27.8% |
| Avance Technologies ($AVANCE) | | -11.7% | -17.9% | -30.8% | 20.3% |
| Softsol India ($SOFTSOL) | | -10.4% | 9.3% | -20.4% | 14.1% |
| Aurionpro Solutions ($AURIONPRO) | | 13.9% | 17.7% | 14.2% | 13.6% |
| |
|---|
| Median (14 companies) | 101.6% | 16.5% | 17.7% | 21.8% | 9.7% |
|---|
| Cranes Software International ($CRANESSOFT) | | 12.3% | 14.8% | 9.4% | 8.4% |
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 ($TATAELXSI) | 11.4% | 13.8% | 11.9% | 17.6% | 20.9% |
| Cambridge Technology Enterprises ($CTE) | | | | | 20.9% |
| Aurionpro Solutions ($AURIONPRO) | 21.4% | 15.9% | 14.5% | 12.0% | 16.9% |
| |
|---|
| Median (20 companies) | 10.7% | 9.6% | 9.4% | 10.2% | 9.3% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Aurionpro Solutions ($AURIONPRO) | 15.7% | 17.5% | 12.3% | 12.6% | 13.4% |
| Mastek ($MASTKBBPH) | 4.8% | 2.2% | | 0.0% | 4.9% |
| Dion Global Solutions ($DION) | 10.7% | 39.9% | 11.9% | 29.6% | 4.0% |
| Tata Elxsi ($TATAELXSI) | 7.0% | 5.3% | 5.4% | 3.1% | 3.9% |
| Polaris Financial Technology ($POLARIS) | 5.9% | 7.2% | 2.5% | 1.5% | 3.9% |
| |
|---|
| Median (10 companies) | 5.2% | 3.1% | 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) ($MINDTECK) | 6.7% | -2.6% | 1.2% | 20.0% | 17.5% |
| Atishay Infotech ($ATISHAY) | 30.9% | 27.2% | 15.7% | 19.2% | |
| Datamatics Global Services ($DATAMATICS) | 2.5% | 9.8% | 11.4% | 16.4% | 11.3% |
| |
|---|
| Median (31 companies) | 5.5% | 4.6% | 5.8% | 16.3% | 14.2% |
|---|
| Cranes Software International ($CRANESSOFT) | -4.8% | -13.1% | -39.4% | | |
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 |
| Aurionpro Solutions ($AURIONPRO) | 1.1x | 1.7x | 1.7x | 1.9x | 1.2x |
| Saksoft ($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 |
| |
|---|
| Median (17 companies) | 0.1x | 0.5x | 0.0x | 0.0x | 0.0x |
|---|
