Hitech Plast reports 10.6 pp EBITDA Margin decline from 10.6% to in 2015

30-05-2015 • About Hitech Plast ($HITECHPLAS) • By InTwits

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

Hitech Plast ($HITECHPLAS) key annual financial indicators

mln. INR	2011	2012	2013	2014	2015	2015/2014
P&L
Revenue	3,449	3,856	4,369	4,576	4,623	1.0%
EBITDA	466	465	462	487		-100.0%
Net Income	144	107	90	64	70	10.3%
Balance Sheet
Cash	27	17	64	32		-100.0%
Short Term Debt	747	830	479	483		-100.0%
Long Term Debt	216	352	407	292		-100.0%
Cash flow
Capex	431	342
Ratios
Revenue growth	-37.5%	11.8%	13.3%	4.7%	1.0%
EBITDA growth	16.8%	-0.2%	-0.6%	5.3%
EBITDA Margin	13.5%	12.1%	10.6%	10.6%	0.0%	-10.6%
Net Income Margin	4.2%	2.8%	2.1%	1.4%	1.5%	0.1%
CAPEX, % of revenue	12.5%	8.9%				0.0%
ROIC	18.1%	13.8%	12.6%	14.0%		-14.0%
ROE	19.6%	12.8%	9.9%	6.5%		-6.5%
Net Debt/EBITDA	2.0x	2.5x	1.8x	1.5x		-1.5x

Revenue and profitability

Hitech Plast's Revenue increased slightly on 1.0% in FY2015.

Net Income marign showed almost no change in FY2015.

Appendix 1: Peers in Containers & Packaging

Below we provide Hitech Plast benchmarking against other companies in Containers & Packaging 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
Neo Corp International ($NEOCORP)	-63.2%	36.7%	45.2%	56.4%
Gopala Polyplast ($GOPALA)		-1.7%	17.0%	29.6%	-0.8%
Shree Rama Multi-Tech ($SHREERAMA)		-25.0%	18.2%	23.3%	2.4%
Shri Jagdamba Polymers ($SHRJAGP)		35.5%	38.3%	21.7%	22.7%
Time Technoplast ($TIMETECHNO)	-58.8%	19.8%	17.6%	21.6%
Median (19 companies)	-58.8%	18.0%	16.9%	14.1%	8.5%
Hitech Plast ($HITECHPLAS)		11.8%	13.3%	4.7%	1.0%

Top companies by EBITDA margin, %

Top 5	FY2011	FY2012	FY2013	FY2014	FY2015
Manaksia ($MANAKSIA)	16.5%	14.4%	17.4%	20.3%	18.6%
Essel Propack ($ESSELPRO)	17.8%	17.0%	17.4%	16.9%	17.2%
Hindusthan National Glass & Industries ($HINDNATGLS)	17.8%	15.4%	9.3%	12.2%	12.1%
Kanpur Plastipack ($KANPRPLA)	9.3%	13.0%	13.2%		11.9%
Uflex ($UFLEX)	34.2%	15.3%	14.0%	12.3%	11.9%
Median (16 companies)	11.5%	12.9%	11.3%	12.2%	7.4%

Top companies by CAPEX/Revenue, %

Top 5	FY2011	FY2012	FY2013	FY2014	FY2015
Essel Propack ($ESSELPRO)	7.9%	10.0%	6.7%	8.5%	9.4%
Piramal Glass ($PIRAMGLAS)	12.6%	20.7%	6.0%	7.7%
Control Print ($CONTROLPR)		3.0%	5.0%	7.5%
Hindusthan National Glass & Industries ($HINDNATGLS)	21.7%	75.5%	25.0%	6.7%	0.4%
Time Technoplast ($TIMETECHNO)	18.5%	17.9%	11.1%	6.2%
Median (7 companies)	9.0%	8.6%	6.7%	6.7%	5.1%

Top companies by ROIC, %

Top 5	FY2011	FY2012	FY2013	FY2014	FY2015
Control Print ($CONTROLPR)			19.7%	22.2%
Manaksia ($MANAKSIA)	12.7%	12.9%	15.5%	16.0%	11.4%
Neo Corp International ($NEOCORP)	17.4%	14.9%	13.7%	15.7%
Kg Petrochem ($KGPETRO)	5.0%	10.8%	10.1%	14.3%
Essel Propack ($ESSELPRO)		8.6%	9.9%	12.5%	14.7%
Median (32 companies)	8.4%	9.1%	9.9%	11.2%	9.9%
Hitech Plast ($HITECHPLAS)	18.1%	13.8%	12.6%	14.0%

Top companies by Net Debt / EBITDA

Top 5	FY2011	FY2012	FY2013	FY2014	FY2015
Union Quality Plastics ($UNQTYMI)			14.9x	12.9x	0.0x
Hindusthan National Glass & Industries ($HINDNATGLS)	2.1x	7.4x	15.8x	11.2x	10.6x
Piramal Glass ($PIRAMGLAS)	3.0x	3.1x	4.1x	4.3x
Kg Petrochem ($KGPETRO)	6.2x	3.3x	3.6x	3.4x
Uflex ($UFLEX)	1.0x	2.7x	3.0x	3.2x	2.8x
Median (18 companies)	3.2x	3.2x	3.5x	1.4x	0.0x
Hitech Plast ($HITECHPLAS)	2.0x	2.5x	1.8x	1.5x

Similar news

30-05-2015 Rathi Graphic Technologies reports 25.4% EBITDA growth and 11.7% Revenue growth

30-05-2015 Ivp reports 164% EBITDA growth and 3.8 pp EBITDA Margin growth from 2.8% to 6.6%

30-05-2015 Venus Remedies Net Income dropped on 92.9% in 2015 and Revenue dropped on 17.0%

30-05-2015 Future Market Networks EBITDA Margin dropped on 18.4 pp from 18.4% to in 2015

30-05-2015 Hubtown EBITDA Margin surged on 14.7 pp from 67.6% to 82.4% in 2015 while Revenue decreased on 6.4%