Ganesh Benzoplast EBITDA Margin surged18.9 pp from to 18.9% in 2015
30-05-2015 • About Ganesh Benzoplast (
$GANESHBE) • By InTwits
Ganesh Benzoplast reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Ganesh Benzoplast ($GANESHBE) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 959 | 1,021 | 1,107 | 1,076 | 1,223 | 13.6% |
| EBITDA | 304 | 348 | 397 | | 231 | |
| Net Income | 1 | 12 | 87 | 1 | 1 | -38.3% |
Balance Sheet
|
|---|
| Cash | 29 | 77 | 69 | | | |
| Short Term Debt | 44 | 55 | 50 | | | |
| Long Term Debt | 2,798 | 2,723 | 2,709 | | | |
Cash flow
|
|---|
| Capex | 66 | 137 | | | | |
Ratios
|
|---|
| Revenue growth | -33.1% | 6.4% | 8.5% | -2.8% | 13.6% | |
| EBITDA growth | 40.1% | 14.2% | 14.3% | | | |
| EBITDA Margin | 31.7% | 34.1% | 35.9% | 0.0% | 18.9% | 18.9% |
| Net Income Margin | 0.1% | 1.2% | 7.9% | 0.1% | 0.1% | -0.1% |
| CAPEX, % of revenue | 6.9% | 13.4% | | | | 0.0% |
| ROIC | 10.7% | 9.2% | 11.5% | | | 0.0% |
| Net Debt/EBITDA | 9.2x | 7.8x | 6.8x | | 0.0x | 0.0x |
Revenue and profitability
Ganesh Benzoplast's Revenue jumped on 13.6% in FY2015.
Net Income marign showed almost no change in FY2015.
Appendix 1: Peers in Commodity Chemicals
Below we provide Ganesh Benzoplast 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 |
|---|
| Tuticorin Alkali Chemicals & Fertilisers ($TUTIALKA) | | 354.1% | -27.9% | -83.3% | 408.0% |
| Jayshree Chemicals ($JAYCH) | | 288.9% | 17.5% | -75.2% | 262.3% |
| Shree Hari Chemicals Export ($SHHARICH) | | -2.5% | -78.0% | 299.5% | 111.6% |
| Southern Online Bio Technologies ($SBTL) | | 50.0% | 56.8% | 40.8% | 22.6% |
| Gayatri Bioorganics ($GAYATRIBI) | | 48.9% | 17.4% | 41.4% | 19.6% |
| |
|---|
| Median (31 companies) | -36.2% | 19.0% | 11.4% | 10.7% | 6.3% |
|---|
| Ganesh Benzoplast ($GANESHBE) | | 6.4% | 8.5% | -2.8% | 13.6% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Riddhi Siddhi Gluco Biols ($RIDDHI) | | | | | 104.7% |
| Mysore Petro Chemicals ($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 ($ALKYLAMINE) | 13.3% | 15.9% | 16.0% | 19.0% | 18.3% |
| |
|---|
| Median (43 companies) | 12.1% | 10.9% | 8.3% | 8.5% | 6.6% |
|---|
| Ganesh Benzoplast ($GANESHBE) | 31.7% | 34.1% | 35.9% | | 18.9% |
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 ($SUKHJITS) | 9.2% | 15.7% | 9.4% | 5.4% | 5.4% |
| |
|---|
| Median (19 companies) | 5.6% | 5.2% | 6.6% | 5.7% | 3.3% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Bodal Chemicals ($BODALCHEM) | | -1.3% | 3.3% | 39.0% | 38.3% |
| 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% |
| Transpek Industry ($TRANSPEK) | 15.7% | -1.7% | 14.2% | 11.0% | 17.8% |
| Balaji Amines ($BALAMINES) | 20.3% | 19.3% | 16.1% | 15.6% | 16.5% |
| |
|---|
| Median (48 companies) | 10.5% | 9.0% | 9.5% | 9.3% | 7.9% |
|---|
| Ganesh Benzoplast ($GANESHBE) | 10.7% | 9.2% | 11.5% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| India Glycols ($INDIAGLYCO) | 8.2x | 4.8x | 3.7x | 8.5x | 14.2x |
| Godrej Industries ($GODREJIND) | 6.8x | 9.9x | 5.7x | 7.9x | 10.7x |
| Polyplex Corporation ($POLYPLEX) | 0.6x | 0.9x | 6.8x | 7.1x | |
| Link Pharma Chem ($LINKPH) | 71.1x | 3.4x | 4.1x | 6.2x | |
| Refnol Resins & Chemicals ($REFNOL) | | | 4.1x | 5.6x | 0.0x |
| |
|---|
| Median (42 companies) | 2.4x | 2.6x | 3.0x | 1.1x | 1.2x |
|---|
