Ramsarup Industries revenue dropped on 58.4% in 2015
30-05-2015 • About Ramsarup Industries (
$RAMSARUP) • By InTwits
Ramsarup Industries reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Ramsarup Industries is a company in decline: FY2015 revenue growth was -58.4%, 5 years revenue CAGR was -70.5%
- EBITDA Margin is relatively stable: in FY2015 vs. -17.8% in FY2014 vs. -8.9% in FY2011
- Ramsarup Industries spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2011-FY2015 is 0.0%. Average EBITDA Margin for the same period was -8.7%0
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Ramsarup Industries ($RAMSARUP) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 12,514 | 4,585 | 324 | 105 | 44 | -58.4% |
| EBITDA | -1,112 | -234 | -168 | -19 | | |
| Net Income | -2,722 | -3,822 | -4,306 | -4,890 | -1,799 | |
Balance Sheet
|
|---|
| Cash | 56 | 43 | 42 | | | |
| Short Term Debt | 11,352 | 14,369 | 7,387 | | | |
| Long Term Debt | 7,852 | 5,237 | 0 | | | |
Cash flow
|
|---|
| Capex | 2,199 | 0 | | | | |
Ratios
|
|---|
| Revenue growth | -35.9% | -63.4% | -92.9% | -67.5% | -58.4% | |
| EBITDA growth | -153.0% | -78.9% | -28.3% | -88.9% | | |
| EBITDA Margin | -8.9% | -5.1% | -51.9% | -17.8% | 0.0% | 17.8% |
| Net Income Margin | -21.8% | -83.3% | -1,329.4% | -4,644.8% | -4,106.2% | 538.6% |
| CAPEX, % of revenue | 17.6% | 0.0% | | | | 0.0% |
| ROIC | -6.1% | -2.7% | -4.6% | | | 0.0% |
| ROE | -62.5% | | | | | 0.0% |
Revenue and profitability
The company's Revenue dropped on 58.4% in FY2015.
Net Income marign surged on 539 pp from -4,645% to -4,106% in FY2015.
Appendix 1: Peers in Iron & Steel/Interm.Products
Below we provide Ramsarup Industries benchmarking against other companies in Iron & Steel/Interm.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 |
|---|
| Uttam Galva Steels ($UTTAMSTL) | | 12.0% | 11.0% | -13.2% | 55.0% |
| Modern Steels ($MDRNSTL) | | -2.6% | -22.7% | 0.7% | 20.3% |
| Maithan Alloys ($MAITHANALL) | | -1.5% | 59.1% | 1.1% | 15.0% |
| Pennar Industries ($PENIND) | | 0.9% | -8.5% | 0.5% | 12.7% |
| S.A.L.Steel ($SALSTEEL) | | 2.3% | 15.8% | -13.2% | 10.9% |
| |
|---|
| Median (26 companies) | -24.2% | 12.5% | 8.8% | 3.4% | 1.9% |
|---|
| Ramsarup Industries ($RAMSARUP) | | -63.4% | -92.9% | -67.5% | -58.4% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Jindal Steel & Power ($JINDALSTEL) | 48.3% | 37.5% | 30.5% | 28.1% | 29.8% |
| Sarda Energy & Minerals ($SARDAEN) | 15.2% | 16.3% | 21.5% | 21.3% | 21.5% |
| Bhushan Steel ($BHUSANSTL) | 29.0% | 31.2% | 32.3% | 28.1% | 20.4% |
| Jsw Steel ($JSWSTEEL) | 20.2% | 17.8% | 17.1% | 17.9% | 17.7% |
| Tata Metaliks ($TATAMETALI) | 3.2% | -9.6% | 0.9% | 6.8% | 14.6% |
| |
|---|
| Median (26 companies) | 13.4% | 9.5% | 9.2% | 7.4% | 9.0% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Jindal Steel & Power ($JINDALSTEL) | 64.7% | 34.2% | 47.6% | 69.6% | 26.4% |
| Jayaswal Neco Industries ($JAYNECOIND) | 27.9% | 20.4% | 44.0% | 31.1% | 17.3% |
| Steel Authority Of India ($SAIL) | 25.3% | 20.9% | 20.7% | 19.3% | 16.9% |
| Bhushan Steel ($BHUSANSTL) | 81.1% | 47.2% | 44.0% | 50.4% | 16.2% |
| Jsw Steel ($JSWSTEEL) | 22.0% | 11.9% | 14.7% | 11.3% | 12.7% |
| |
|---|
| Median (17 companies) | 11.9% | 9.7% | 11.0% | 7.1% | 5.3% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tata Metaliks ($TATAMETALI) | 3.1% | -23.5% | -3.7% | 19.9% | 57.4% |
| Nova Iron & Steel ($NOVIS) | | | | 15.4% | |
| Kirloskar Ferrous Industries ($KIRLFER) | 20.0% | 19.1% | 16.8% | 12.4% | 14.7% |
| Pennar Industries ($PENIND) | 31.6% | 26.8% | 18.4% | 12.3% | 15.7% |
| Jsw Steel ($JSWSTEEL) | 9.7% | 11.0% | 10.3% | 12.1% | 9.9% |
| |
|---|
| Median (40 companies) | 9.6% | 7.2% | 5.7% | 5.8% | 5.4% |
|---|
| Ramsarup Industries ($RAMSARUP) | -6.1% | -2.7% | -4.6% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Visa Steel ($VISASTEEL) | 6.9x | 20.1x | | 24.4x | 187.1x |
| Ismt ($ISMTLTD) | 4.4x | 5.3x | 9.8x | 19.9x | 48.3x |
| Kic Metaliks ($KAJARIR) | 6.6x | 9.2x | 3.0x | 18.2x | 19.8x |
| Bhushan Steel ($BHUSANSTL) | 8.1x | 6.3x | 8.6x | 12.9x | 17.7x |
| Prakash Industries ($PRAKASH) | 1.8x | 2.5x | 2.8x | 2.5x | 11.9x |
| |
|---|
| Median (25 companies) | 3.7x | 4.5x | 4.3x | 3.3x | 2.5x |
|---|
