Hariyana Ship Breakers revenue dropped on 49.6% in 2015
29-05-2015 • About Hariyana Ship Breakers (
$HRYNSHP) • By InTwits
Hariyana Ship Breakers reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: Hariyana Ship Breakers is a company in decline: FY2015 revenue growth was -49.6%, 5 years revenue CAGR was -2.5%.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Hariyana Ship Breakers ($HRYNSHP) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 3,271 | 5,893 | 10,350 | 4,691 | 2,363 | -49.6% |
| EBITDA | 115 | 210 | 473 | | | |
| Net Income | 99 | 98 | 164 | 132 | 141 | 7.5% |
Balance Sheet
|
|---|
| Cash | 2 | | | | | |
| Short Term Debt | 60 | | | | | |
| Long Term Debt | 43 | | | | | |
Cash flow
|
|---|
| Capex | 7 | | | | | |
Ratios
|
|---|
| Revenue growth | 21.8% | 80.1% | 75.6% | -54.7% | -49.6% | |
| EBITDA growth | 34.4% | 82.6% | 124.9% | | | |
| EBITDA Margin | 3.5% | 3.6% | 4.6% | 0.0% | 0.0% | 0.0% |
| Net Income Margin | 3.0% | 1.7% | 1.6% | 2.8% | 6.0% | 3.2% |
| CAPEX, % of revenue | 0.2% | | | | | 0.0% |
| ROIC | 11.5% | | | | | 0.0% |
| ROE | 22.1% | | | | | 0.0% |
| Net Debt/EBITDA | 0.9x | 0.0x | 0.0x | | | 0.0x |
Revenue and profitability
Hariyana Ship Breakers's Revenue dropped on 49.6% in FY2015.
Net Income marign increased on 3.2 pp from 2.8% to 6.0% in FY2015.
Appendix 1: Peers in Other Industrial Goods
Below you can find Hariyana Ship Breakers benchmarking vs. other companies in Other Industrial Goods 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 |
|---|
| Amd Industries ($AMDIND) | | 31.8% | -15.5% | 21.0% | -9.9% |
| Ifgl Refractories ($IFGLREFRAC) | | 28.2% | 11.2% | 15.9% | 1.2% |
| Vesuvius India ($VESUVIUS) | -34.2% | 4.1% | 6.9% | 8.4% | |
| Vhcl Industries ($VHCLINDUS) | | | 110.4% | 3.8% | -77.8% |
| Graphite India ($GRPHIDM) | | 32.5% | 1.9% | 3.1% | -14.9% |
| |
|---|
| Median (7 companies) | -31.0% | 28.0% | 7.6% | 3.8% | -14.9% |
|---|
| Hariyana Ship Breakers ($HRYNSHP) | | 80.1% | 75.6% | -54.7% | -49.6% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Snl Bearings ($SNL) | | | | | 29.0% |
| Heg ($HEG) | 20.7% | 17.0% | 18.1% | 16.9% | 16.3% |
| Amd Industries ($AMDIND) | 15.4% | 15.3% | 12.3% | 16.4% | 15.3% |
| Ifgl Refractories ($IFGLREFRAC) | 8.6% | 13.2% | 8.5% | 15.1% | 11.3% |
| Graphite India ($GRPHIDM) | 21.7% | 16.9% | 14.1% | 12.7% | 8.2% |
| |
|---|
| Median (6 companies) | 16.7% | 15.3% | 12.3% | 15.1% | 13.3% |
|---|
Top companies by CAPEX/Revenue, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Heg ($HEG) | 7.3% | 14.4% | 9.3% | 18.7% | 2.6% |
| Ifgl Refractories ($IFGLREFRAC) | 3.3% | 0.8% | 2.9% | 1.3% | 2.5% |
| Insilco ($INSILCO) | | | | | 1.6% |
| Graphite India ($GRPHIDM) | 6.8% | 7.1% | 2.7% | 1.2% | 1.6% |
| |
|---|
| Median (4 companies) | 6.9% | 4.2% | 2.9% | 2.9% | 2.1% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Snl Bearings ($SNL) | 54.6% | 61.1% | 48.2% | 31.9% | |
| Ifgl Refractories ($IFGLREFRAC) | 11.8% | 20.0% | 11.7% | 23.5% | 15.7% |
| Vhcl Industries ($VHCLINDUS) | | 56.8% | 22.6% | 20.2% | |
| Vesuvius India ($VESUVIUS) | 23.1% | 25.0% | 25.0% | 19.3% | |
| Heg ($HEG) | 9.8% | 9.0% | 10.4% | 8.3% | 5.5% |
| |
|---|
| Median (13 companies) | 13.3% | 15.9% | 12.3% | 19.8% | 5.5% |
|---|
| Hariyana Ship Breakers ($HRYNSHP) | 11.5% | | | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Vhcl Industries ($VHCLINDUS) | | 1.4x | 2.6x | 4.0x | |
| Heg ($HEG) | 3.9x | 5.2x | 4.1x | 3.3x | 4.1x |
| Graphite India ($GRPHIDM) | 1.0x | 2.0x | 2.7x | 1.7x | 2.4x |
| Snl Bearings ($SNL) | 0.3x | 0.2x | 0.6x | 1.1x | 0.0x |
| Ifgl Refractories ($IFGLREFRAC) | 2.9x | 1.2x | 2.1x | 0.7x | 0.9x |
| |
|---|
| Median (9 companies) | 1.7x | 1.4x | 2.4x | 0.7x | 0.9x |
|---|
