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Xpro India revenue increased on 6.5% in 2015

29-05-2015 • About Xpro India ($XPROINDIA) • By InTwits

Xpro India reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.

Xpro India ($XPROINDIA) key annual financial indicators

mln. INR201120122013201420152015/2014
P&L
Revenue3,0782,4592,2562,4272,5856.5%
EBITDA33230014428
Net Income114336-41-104-139
Balance Sheet
Cash288784545
Short Term Debt276334423
Long Term Debt3711841,231
Cash flow
Capex1881951,188
Ratios
Revenue growth1.8%-20.1%-8.3%7.6%6.5%
EBITDA growth59.9%-9.8%-51.8%
EBITDA Margin10.8%12.2%6.4%0.0%1.1%1.1%
Net Income Margin3.7%13.7%-1.8%-4.3%-5.4%-1.1%
CAPEX, % of revenue6.1%7.9%52.7%0.0%
ROIC10.6%9.1%1.5%0.0%
ROE10.2%25.4%-2.8%0.0%
Net Debt/EBITDA1.1x-0.9x7.7x0.0x0.0x

Revenue and profitability


The company's Revenue increased on 6.5% in FY2015.

Net Income marign decreased slightly on 1.1 pp from -4.3% to -5.4% in FY2015.


Appendix 1: Peers in Commodity Chemicals


Below we provide Xpro India benchmarking against other companies in Commodity Chemicals 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
Shree Hari Chemicals Export ($SHHARICH)-2.5%-78.0%299.5%111.6%
Jindal Poly Films ($JINDPOLBBPH)-66.5%-17.2%-6.3%131.7%
Bodal Chemicals ($BODALCHEM)-51.3%5.4%-12.6%80.0%
Kanoria Chemicals & Industries ($KANORICHEM)-40.7%27.2%47.9%-1.9%
Camphor & Allied Products ($CAMPHOR)-6.7%7.2%42.7%14.8%
 
Median (35 companies)-36.2%19.0%11.4%10.7%4.9%
Xpro India ($XPROINDIA)-20.1%-8.3%7.6%6.5%


Top companies by EBITDA margin, %

Top 5 FY2011 FY2012 FY2013 FY2014 FY2015
Mysore Petro Chemicals ($MYSORPETRO)47.1%
Aditya Birla Chemicals (India) ($ABCIL)33.6%26.8%27.1%23.6%21.9%
Chemfab Alkalis ($CHEMFALKAL)19.0%22.3%32.9%24.2%19.8%
Alkyl Amines Chemicals ($ALKYLAMINE)13.3%15.9%16.0%19.0%18.3%
Balaji Amines ($BALAMINES)18.3%17.6%15.5%14.3%16.4%
 
Median (36 companies)13.3%10.9%8.4%8.5%6.6%
Xpro India ($XPROINDIA)10.8%12.2%6.4%1.1%


Top companies by CAPEX/Revenue, %

Top 5 FY2011 FY2012 FY2013 FY2014 FY2015
Kanoria Chemicals & Industries ($KANORICHEM)12.9%25.1%6.0%13.4%40.3%
Aditya Birla Chemicals (India) ($ABCIL)5.9%136.9%24.2%30.8%15.0%
Aarti Industries ($AARTIIND)4.8%8.0%11.2%11.0%10.4%
Alkyl Amines Chemicals ($ALKYLAMINE)8.0%5.1%6.6%5.9%8.6%
Sukhjit Starch & Chemicals ($SUKHJITS)9.2%15.7%9.4%5.4%5.4%
 
Median (17 companies)5.6%5.2%6.3%5.7%3.3%


Top companies by ROIC, %

Top 5 FY2011 FY2012 FY2013 FY2014 FY2015
Riddhi Siddhi Gluco Biols ($RIDDHI)-0.2%-1.3%-0.6%61.1%
Bodal Chemicals ($BODALCHEM)-1.3%3.3%39.0%
Elantas Beck India ($ELANTAS)17.5%20.4%33.9%31.0%
Alkyl Amines Chemicals ($ALKYLAMINE)10.3%16.0%18.7%25.0%23.7%
Aarti Industries ($AARTIIND)13.1%15.9%19.1%17.2%17.9%
 
Median (59 companies)10.5%9.1%9.8%9.3%7.9%
Xpro India ($XPROINDIA)10.6%9.1%1.5%


Top companies by Net Debt / EBITDA

Top 5 FY2011 FY2012 FY2013 FY2014 FY2015
India Glycols ($INDIAGLYCO)8.2x4.8x3.7x8.5x14.2x
Godrej Industries ($GODREJIND)6.8x9.9x5.7x7.9x10.7x
Polyplex Corporation ($POLYPLEX)0.6x0.9x6.8x7.1x
Link Pharma Chem ($LINKPH)71.1x3.4x4.1x6.2x
Refnol Resins & Chemicals ($REFNOL)4.1x5.6x0.0x
 
Median (42 companies)2.5x2.6x3.0x1.1x2.2x