Gagan Polycot India revenue growth accelerated from 18.2% in FY2014 to 43.2% in FY2015
30-05-2015 • About Gagan Polycot India (
$GAGANPO) • By InTwits
Gagan Polycot India reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: EBITDA Margin is relatively stable: in FY2015 vs. 1.1% in FY2014 vs. 0.0% in FY2011.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Gagan Polycot India ($GAGANPO) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 920 | 373 | 658 | 777 | 1,113 | 43.2% |
| EBITDA | 0 | 1 | | 9 | | -100.0% |
| Net Income | 0 | 0 | 3 | 2 | 2 | -0.8% |
Balance Sheet
|
|---|
| Cash | 1 | | | 1 | | -100.0% |
| Short Term Debt | 0 | | | 0 | | |
| Long Term Debt | 28 | | | 0 | | |
Cash flow
|
|---|
| Capex | 5 | | | | | |
Ratios
|
|---|
| Revenue growth | -23.2% | -59.4% | 76.3% | 18.2% | 43.2% | |
| EBITDA growth | -327.1% | 718.1% | | | | |
| EBITDA Margin | 0.0% | 0.3% | 0.0% | 1.1% | 0.0% | -1.1% |
| Net Income Margin | 0.1% | 0.0% | 0.4% | 0.2% | 0.1% | -0.1% |
| CAPEX, % of revenue | 0.5% | | | | | 0.0% |
| ROIC | 0.2% | | | | | 0.0% |
| ROE | 1.3% | | | | | 0.0% |
| Net Debt/EBITDA | 182.5x | 0.0x | | -0.1x | | 0.1x |
Revenue and profitability
The company's Revenue jumped on 43.2% in FY2015.
Net Income marign showed almost no change in FY2015.
Appendix 1: Peers in Comm.Trading & Distribution
Below we provide Gagan Polycot India benchmarking against other companies in Comm.Trading & Distribution 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 |
|---|
| Risa International ($RISAINTL) | | | | 4,724.7% | 18.8% |
| Shri Krishna Prasadam ($SKP) | | 69.6% | 57.3% | 1,074.7% | 148.2% |
| Parker Agrochem Exports ($PARKERAC) | -87.9% | -77.2% | 1,542.3% | 39.1% | |
| Ennore Coke ($ENNORE) | | -5.0% | -45.5% | 34.0% | -26.1% |
| Ptl Enterprises ($PTL) | | 17.9% | 12.6% | 17.7% | 35.1% |
| |
|---|
| Median (18 companies) | -38.7% | 14.0% | 12.6% | 12.5% | 11.8% |
|---|
| Gagan Polycot India ($GAGANPO) | | -59.4% | 76.3% | 18.2% | 43.2% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Hexa Tradex ($HEXATRADEX) | | | | | 48.1% |
| Bombay Cycle & Motor Agency ($BOMBCYC) | | | | | 19.5% |
| Ptl Enterprises ($PTL) | 27.6% | 26.6% | 22.7% | 21.6% | 18.5% |
| Remi Elektrotechnik ($REMIELEK) | | | | | 15.1% |
| Vijay Textiles ($VIJAYTX) | | | | | 10.4% |
| |
|---|
| Median (27 companies) | 3.0% | 2.9% | 2.7% | 2.2% | 2.2% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Maxwell Industries ($MAXWELL) | 1.2% | 0.9% | 1.9% | 2.4% | |
| Ptl Enterprises ($PTL) | 1.0% | 5.0% | 4.5% | 2.4% | 4.2% |
| Redington (India) ($REDINGTON) | 0.3% | 0.2% | 0.7% | 0.2% | 0.2% |
| Kothari Products ($KOTHARIPRO) | 0.9% | 2.5% | 0.1% | 0.2% | 0.0% |
| Mmtc ($MMTC) | 0.1% | 0.0% | 0.1% | 0.1% | 0.1% |
| |
|---|
| Median (6 companies) | 0.9% | 0.6% | 0.1% | 0.2% | 0.1% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Kothari Products ($KOTHARIPRO) | 7.4% | 23.4% | 20.0% | 28.3% | 10.6% |
| Ptl Enterprises ($PTL) | 18.1% | 18.5% | 19.5% | 21.1% | 22.1% |
| Redington (India) ($REDINGTON) | 15.5% | 17.2% | 16.0% | 16.3% | 15.3% |
| Risa International ($RISAINTL) | | | -0.2% | 14.8% | 11.9% |
| Bombay Cycle & Motor Agency ($BOMBCYC) | | | 15.1% | 13.5% | |
| |
|---|
| Median (51 companies) | 2.8% | 4.7% | 5.0% | 9.7% | 11.3% |
|---|
| Gagan Polycot India ($GAGANPO) | 0.2% | | | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Ph Capital ($PHCAP) | | | | 18.4x | 0.0x |
| Unitech International ($UNITINT) | | | | 5.1x | 0.0x |
| Vipul Dye Chem ($VIPULDYE) | 2.9x | 3.9x | 5.1x | 3.9x | |
| Maxwell Industries ($MAXWELL) | 5.7x | 3.7x | 5.8x | 3.5x | |
| Vadilal Enterprises ($VADILENT) | 1.3x | 2.3x | 4.0x | 2.3x | |
| |
|---|
| Median (27 companies) | 3.0x | 2.0x | 1.9x | 0.0x | 0.0x |
|---|
| Gagan Polycot India ($GAGANPO) | 182.5x | 0.0x | | -0.1x | |
