Pudumjee Pulp & Paper Mills reports 46.3% Net Income growth while 1.7 pp EBITDA Margin decline from 11.8% to 10.1%
30-05-2015 • About Pudumjee Pulp & Paper Mills (
$PDUMJEPULP) • By InTwits
Pudumjee Pulp & Paper Mills reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Pudumjee Pulp & Paper Mills ($PDUMJEPULP) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 2,262 | 2,310 | 2,503 | 2,626 | 3,322 | 26.5% |
| EBITDA | 173 | 282 | 368 | 311 | 336 | 8.1% |
| Net Income | 74 | 111 | 165 | 142 | 208 | 46.3% |
Balance Sheet
|
|---|
| Cash | 19 | 25 | 21 | | | |
| Short Term Debt | 568 | 825 | 38 | | | |
| Long Term Debt | 278 | 672 | 841 | | | |
Cash flow
|
|---|
| Capex | 135 | 751 | | | | |
Ratios
|
|---|
| Revenue growth | -43.6% | 2.1% | 8.4% | 4.9% | 26.5% | |
| EBITDA growth | -33.9% | 62.8% | 30.6% | -15.5% | 8.1% | |
| EBITDA Margin | 7.7% | 12.2% | 14.7% | 11.8% | 10.1% | -1.7% |
| Net Income Margin | 3.3% | 4.8% | 6.6% | 5.4% | 6.2% | 0.8% |
| CAPEX, % of revenue | 6.0% | 32.5% | | | | 0.0% |
| ROIC | 3.8% | 7.9% | 10.4% | | | 0.0% |
| ROE | 6.1% | 9.2% | 12.5% | | | 0.0% |
| Net Debt/EBITDA | 4.8x | 5.2x | 2.3x | 0.0x | 0.0x | 0.0x |
Revenue and profitability
The company's Revenue surged on 26.5% in FY2015. Revenue decline was accompanies by EBITDA margin decline. EBITDA Margin decreased on 5.5 pp from -0.089% to -5.6% in FY2015.
Net Income marign increased slightly on 0.85 pp from 5.4% to 6.2% in FY2015.
Appendix 1: Peers in Paper & Paper Products
Below we provide Pudumjee Pulp & Paper Mills benchmarking against other companies in Paper & Paper Products 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 |
|---|
| N.R.Agarwal Industries ($NRAGRINDQ) | | 5.5% | 4.0% | 5.5% | 34.1% |
| South India Paper Mills ($STHINPA) | | 2.2% | -1.1% | -14.7% | 29.2% |
| Tcpl Packaging ($TCPLPACK) | | 17.8% | 33.7% | 5.8% | 26.1% |
| Jk Paper ($JKPAPER) | | 7.9% | 9.4% | 18.5% | 24.3% |
| Yash Papers ($YASHPPR) | | 9.0% | -3.6% | 39.5% | 17.3% |
| |
|---|
| Median (13 companies) | 1.0% | 9.5% | 4.7% | 8.4% | 3.9% |
|---|
| Pudumjee Pulp & Paper Mills ($PDUMJEPULP) | | 2.1% | 8.4% | 4.9% | 26.5% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tamil Nadu Newsprint & Papers ($TNPL) | 26.2% | 21.0% | 22.2% | 22.5% | 24.0% |
| Tcpl Packaging ($TCPLPACK) | 14.7% | 16.1% | 14.9% | 15.7% | 16.5% |
| South India Paper Mills ($STHINPA) | 14.9% | 13.5% | 16.1% | 10.2% | 15.8% |
| Yash Papers ($YASHPPR) | 15.6% | 15.7% | 16.8% | 16.0% | 15.7% |
| Kuantum Papers ($KUANTUM) | 15.1% | 11.2% | 14.2% | 15.9% | 12.7% |
| |
|---|
| Median (12 companies) | 13.9% | 11.6% | 11.8% | 14.9% | 11.4% |
|---|
| Pudumjee Pulp & Paper Mills ($PDUMJEPULP) | 7.7% | 12.2% | 14.7% | 11.8% | 10.1% |
Top companies by CAPEX/Revenue, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Emami Paper Mills ($EMAMIPAP) | 5.0% | 24.4% | 7.3% | 19.2% | 89.3% |
| Tamil Nadu Newsprint & Papers ($TNPL) | 23.6% | 18.9% | 10.4% | 5.5% | 35.2% |
| Tcpl Packaging ($TCPLPACK) | 12.1% | 18.3% | 8.6% | 11.1% | 12.1% |
| Jk Paper ($JKPAPER) | 10.1% | 47.6% | 59.5% | 15.9% | 4.2% |
| |
|---|
| Median (4 companies) | 5.3% | 11.3% | 9.5% | 13.5% | 23.6% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tcpl Packaging ($TCPLPACK) | 13.3% | 15.4% | 17.4% | 16.9% | 23.1% |
| Tamil Nadu Newsprint & Papers ($TNPL) | 7.6% | 5.3% | 8.2% | 11.1% | 12.7% |
| Jk Paper ($JKPAPER) | 15.4% | 5.2% | 2.7% | 1.1% | 4.3% |
| Emami Paper Mills ($EMAMIPAP) | | 5.8% | 5.9% | 5.4% | 3.0% |
| Shree Krishna Paper Mills & Industries ($SKPMIL) | -3.5% | 14.8% | 10.9% | | |
| |
|---|
| Median (17 companies) | 7.5% | 8.3% | 8.2% | 11.1% | 8.5% |
|---|
| Pudumjee Pulp & Paper Mills ($PDUMJEPULP) | 3.8% | 7.9% | 10.4% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Jk Paper ($JKPAPER) | 2.0x | 6.8x | 12.7x | 14.1x | 8.6x |
| Emami Paper Mills ($EMAMIPAP) | 5.9x | 7.4x | 5.3x | 5.0x | 11.2x |
| Yash Papers ($YASHPPR) | 5.7x | 5.2x | 5.5x | 4.5x | 0.0x |
| Tamil Nadu Newsprint & Papers ($TNPL) | 4.7x | 5.4x | 3.6x | 2.8x | 4.0x |
| Tcpl Packaging ($TCPLPACK) | 2.6x | 2.6x | 2.3x | 2.2x | 1.9x |
| |
|---|
| Median (14 companies) | 3.9x | 3.2x | 3.3x | 0.0x | 0.0x |
|---|
| Pudumjee Pulp & Paper Mills ($PDUMJEPULP) | 4.8x | 5.2x | 2.3x | 0.0x | 0.0x |
