Rathi Graphic Technologies reports 25.4% EBITDA growth and 11.7% Revenue growth
30-05-2015 • About Rathi Graphic Technologies (
$RATHIGRA) • By InTwits
Rathi Graphic Technologies reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Rathi Graphic Technologies ($RATHIGRA) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 2,846 | 3,342 | 3,912 | 4,338 | 4,848 | 11.7% |
| EBITDA | 151 | 213 | 312 | 331 | 415 | 25.4% |
| Net Income | 55 | 80 | 91 | 58 | 85 | 47.4% |
Balance Sheet
|
|---|
| Cash | 28 | 6 | 12 | | | |
| Short Term Debt | 0 | 517 | 722 | | | |
| Long Term Debt | 919 | 476 | 494 | | | |
Cash flow
|
|---|
Ratios
|
|---|
| Revenue growth | -50.2% | 17.4% | 17.1% | 10.9% | 11.7% | |
| EBITDA growth | 54.2% | 40.9% | 46.1% | 6.2% | 25.4% | |
| EBITDA Margin | 5.3% | 6.4% | 8.0% | 7.6% | 8.6% | 0.9% |
| Net Income Margin | 1.9% | 2.4% | 2.3% | 1.3% | 1.8% | 0.4% |
| ROIC | 8.9% | 9.4% | 11.8% | | | 0.0% |
| ROE | 9.0% | 8.1% | 8.8% | | | 0.0% |
| Net Debt/EBITDA | 5.9x | 4.6x | 3.9x | 0.0x | 0.0x | 0.0x |
Revenue and profitability
The company's Revenue surged on 11.7% in FY2015. Revenue decline was accompanies by EBITDA margin decline. EBITDA Margin decreased on 4.2 pp from 3.2% to -0.99% in FY2015.
Net Income marign showed almost no change in FY2015.
Appendix 1: Peers in Specialty Chemicals
Below you can find Rathi Graphic Technologies benchmarking vs. other companies in Specialty Chemicals industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Kiri Industries ($KIRIINDUS) | | 7.9% | -86.5% | 24.8% | 34.7% |
| Vidhi Dyestuffs Manufacturing ($VIDHIDYE) | | 14.1% | 4.7% | 19.5% | 30.0% |
| Keltech Energies ($KELENRG) | | 60.2% | -13.4% | -0.4% | 24.4% |
| Dai-Ichi Karkaria ($DAICHI) | | 20.7% | 31.4% | 45.4% | 22.8% |
| Nitta Gelatin India ($NITTAGELA) | | 21.2% | 27.8% | -5.5% | 21.2% |
| |
|---|
| Median (25 companies) | -46.2% | 20.9% | 11.4% | 13.7% | 10.9% |
|---|
| Rathi Graphic Technologies ($RATHIGRA) | | 17.4% | 17.1% | 10.9% | 11.7% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Vinati Organics ($VINATIORGA) | 21.7% | 21.7% | 21.8% | 22.7% | 24.9% |
| Indian Toners & Developers ($INDTONER) | | | | | 22.6% |
| Solar Industries India ($SOLARINDS) | 18.1% | 18.5% | 17.5% | 17.9% | 19.3% |
| Anil ($ANILLTD) | 17.4% | 18.1% | 16.9% | 17.1% | 17.4% |
| Ultramarine & Pigments ($ULTRAMAR) | 20.1% | 18.0% | 15.5% | 17.4% | 17.2% |
| |
|---|
| Median (29 companies) | 11.7% | 10.7% | 12.8% | 10.6% | 12.3% |
|---|
| Rathi Graphic Technologies ($RATHIGRA) | 5.3% | 6.4% | 8.0% | 7.6% | 8.6% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Adi Finechem ($ADIFINCHM) | 8.2% | 7.3% | 4.8% | 12.6% | 16.9% |
| Anil ($ANILLTD) | | | 6.7% | 5.2% | 11.5% |
| Solar Industries India ($SOLARINDS) | 14.2% | 13.0% | 9.9% | 12.3% | 10.3% |
| Pidilite Industries ($PIDILITIND) | 4.8% | 5.2% | 2.9% | 4.4% | 8.5% |
| Oricon Enterprises ($ORICON) | 8.6% | 10.2% | 6.2% | 4.7% | 7.9% |
| |
|---|
| Median (17 companies) | 7.2% | 5.1% | 4.6% | 4.4% | 5.1% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Vinati Organics ($VINATIORGA) | 31.4% | 29.6% | 26.2% | 30.6% | 34.8% |
| Camlin Fine Sciences ($CAMLINFIN) | 9.9% | 11.1% | 17.8% | 24.2% | 29.5% |
| Pidilite Industries ($PIDILITIND) | 29.3% | 27.4% | 29.3% | 29.8% | 29.0% |
| Adi Finechem ($ADIFINCHM) | 27.6% | 30.6% | 29.8% | 46.4% | 26.3% |
| Ultramarine & Pigments ($ULTRAMAR) | 22.8% | 20.0% | 16.3% | 20.8% | 25.7% |
| |
|---|
| Median (32 companies) | 15.5% | 15.3% | 15.0% | 11.4% | 17.1% |
|---|
| Rathi Graphic Technologies ($RATHIGRA) | 8.9% | 9.4% | 11.8% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Kiri Industries ($KIRIINDUS) | 3.9x | 8.2x | 31.3x | 10.6x | 7.7x |
| Jayant Agro-Organics ($JAYAGROGN) | 3.9x | 2.8x | 3.1x | 4.6x | 6.5x |
| Anil ($ANILLTD) | 2.7x | 2.2x | 3.4x | 3.8x | 4.0x |
| Oricon Enterprises ($ORICON) | 1.3x | 1.2x | 1.0x | 1.7x | 3.2x |
| Sudarshan Chemical Industries ($SUDARSCHEM) | 2.2x | 2.4x | 5.1x | 3.2x | 3.2x |
| |
|---|
| Median (28 companies) | 1.3x | 1.4x | 1.5x | 1.7x | 0.1x |
|---|
| Rathi Graphic Technologies ($RATHIGRA) | 5.9x | 4.6x | 3.9x | 0.0x | 0.0x |
