Khaitan Electricals revenue dropped on 16.9% in 2015
29-05-2015 • About Khaitan Electricals (
$KHAITANELE) • By InTwits
Khaitan Electricals reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: Khaitan Electricals is a company in decline: FY2015 revenue growth was -16.9%, 5 years revenue CAGR was -3.6%.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Khaitan Electricals ($KHAITANELE) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 4,600 | 4,347 | 5,081 | 5,137 | 4,267 | -16.9% |
| EBITDA | 283 | 113 | 308 | 143 | | -100.0% |
| Net Income | 55 | -162 | 81 | -166 | -489 | |
Balance Sheet
|
|---|
| Cash | 43 | 34 | 245 | | | |
| Short Term Debt | 2,039 | 2,262 | 2,086 | | | |
| Long Term Debt | 345 | 346 | 301 | | | |
Cash flow
|
|---|
| Capex | 34 | 20 | | | | |
Ratios
|
|---|
| Revenue growth | -10.3% | -5.5% | 16.9% | 1.1% | -16.9% | |
| EBITDA growth | 36.3% | -60.1% | 172.9% | -53.5% | | |
| EBITDA Margin | 6.2% | 2.6% | 6.1% | 2.8% | 0.0% | -2.8% |
| Net Income Margin | 1.2% | -3.7% | 1.6% | -3.2% | -11.5% | -8.2% |
| CAPEX, % of revenue | 0.7% | 0.5% | | | | 0.0% |
| ROIC | 7.8% | 2.6% | 8.1% | | | 0.0% |
| ROE | 4.7% | -14.7% | 7.7% | | | 0.0% |
| Net Debt/EBITDA | 8.3x | 22.8x | 6.9x | 0.0x | | 0.0x |
Revenue and profitability
The company's Revenue dropped on 16.9% in FY2015.
Net Income marign decreased on 8.2 pp from -3.2% to -11.5% in FY2015.
Appendix 1: Peers in Household Appliances
Below we provide Khaitan Electricals benchmarking against other companies in Household Appliances 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 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Ifb Industries ($IFBIND) | | 18.1% | 14.1% | 11.5% | 23.6% |
| Panasonic Appliances India Company ($PANASONIC) | -16.5% | -3.6% | -17.8% | 6.6% | |
| Value Industries ($VALUEIND) | 185.7% | -11.7% | 20.3% | 6.1% | |
| |
|---|
| Median (3 companies) | 84.6% | -3.6% | 14.1% | 6.6% | 23.6% |
|---|
| Khaitan Electricals ($KHAITANELE) | | -5.5% | 16.9% | 1.1% | -16.9% |
Top companies by EBITDA margin, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Value Industries ($VALUEIND) | 12.3% | 8.1% | 6.9% | 7.8% | |
| Ifb Industries ($IFBIND) | 9.4% | 6.2% | 5.6% | 5.9% | 7.1% |
| Panasonic Appliances India Company ($PANASONIC) | 3.8% | -3.5% | -3.5% | 2.0% | |
| |
|---|
| Median (3 companies) | 9.4% | 6.2% | 5.6% | 5.9% | 7.1% |
|---|
| Khaitan Electricals ($KHAITANELE) | 6.2% | 2.6% | 6.1% | 2.8% | |
Top companies by CAPEX/Revenue, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Ifb Industries ($IFBIND) | 7.0% | 7.3% | 5.7% | 5.7% | 6.9% |
| Panasonic Appliances India Company ($PANASONIC) | 6.2% | 5.4% | 0.3% | 2.0% | |
| |
|---|
| Median (2 companies) | 7.0% | 6.4% | 3.0% | 3.8% | 6.9% |
|---|
Top companies by ROIC, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Ifb Industries ($IFBIND) | 28.1% | 14.4% | 11.0% | 9.9% | 11.4% |
| Panasonic Appliances India Company ($PANASONIC) | 12.5% | -22.0% | -20.1% | -0.6% | |
| Value Industries ($VALUEIND) | | | | | |
| |
|---|
| Median (3 companies) | 20.3% | -3.8% | -4.5% | 4.7% | 11.4% |
|---|
| Khaitan Electricals ($KHAITANELE) | 7.8% | 2.6% | 8.1% | | |
Top companies by Net Debt / EBITDA
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Panasonic Appliances India Company ($PANASONIC) | 2.5x | | | 11.3x | |
| Value Industries ($VALUEIND) | 6.6x | 0.0x | 0.0x | 0.0x | |
| Ifb Industries ($IFBIND) | -0.4x | -1.1x | -0.7x | -0.3x | -0.1x |
| |
|---|
| Median (3 companies) | 2.5x | -0.5x | -0.3x | 0.0x | -0.1x |
|---|
| Khaitan Electricals ($KHAITANELE) | 8.3x | 22.8x | 6.9x | 0.0x | |
