Shree Krishna Paper Mills & Industries revenue started to decline in FY2015: dropped 11.5% vs. 7.3% growth a year earliner
30-05-2015 • About Shree Krishna Paper Mills & Industries (
$SKPMIL) • By InTwits
Shree Krishna Paper Mills & Industries reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: Shree Krishna Paper Mills & Industries is a company in decline: FY2015 revenue growth was -11.5%, 5 years revenue CAGR was -2.5%.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Shree Krishna Paper Mills & Industries ($SKPMIL) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 1,069 | 1,483 | 1,473 | 1,582 | 1,399 | -11.5% |
| EBITDA | 30 | 145 | 117 | 148 | | -100.0% |
| Net Income | -71 | 4 | -77 | 27 | 4 | -85.0% |
Balance Sheet
|
|---|
| Cash | 27 | 18 | 25 | | | |
| Short Term Debt | 277 | 347 | 313 | | | |
| Long Term Debt | 430 | 323 | 249 | | | |
Cash flow
|
|---|
| Capex | 35 | 27 | | | | |
Ratios
|
|---|
| Revenue growth | -32.6% | 38.7% | -0.7% | 7.3% | -11.5% | |
| EBITDA growth | -427.1% | 380.8% | -19.6% | 26.9% | | |
| EBITDA Margin | 2.8% | 9.8% | 7.9% | 9.4% | 0.0% | -9.4% |
| Net Income Margin | -6.7% | 0.3% | -5.2% | 1.7% | 0.3% | -1.4% |
| CAPEX, % of revenue | 3.3% | 1.8% | | | | 0.0% |
| ROIC | -3.5% | 14.8% | 10.9% | | | 0.0% |
| Net Debt/EBITDA | 22.5x | 4.5x | 4.6x | 0.0x | | 0.0x |
Revenue and profitability
The company's Revenue dropped on 11.5% in FY2015.
Net Income marign decreased slightly on 1.4 pp from 1.7% to 0.29% in FY2015.
Appendix 1: Peers in Paper & Paper Products
Below we provide Shree Krishna Paper Mills & Industries 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% |
| Pudumjee Pulp & Paper Mills ($PDUMJEPULP) | | 2.1% | 8.4% | 4.9% | 26.5% |
| Tcpl Packaging ($TCPLPACK) | | 17.8% | 33.7% | 5.8% | 26.1% |
| Jk Paper ($JKPAPER) | | 7.9% | 9.4% | 18.5% | 24.3% |
| |
|---|
| Median (13 companies) | 1.0% | 8.6% | 6.6% | 8.4% | 6.0% |
|---|
| Shree Krishna Paper Mills & Industries ($SKPMIL) | | 38.7% | -0.7% | 7.3% | -11.5% |
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 ($KUANTUM) | 15.1% | 11.2% | 14.2% | 15.9% | 12.7% |
| |
|---|
| Median (13 companies) | 13.9% | 12.2% | 14.4% | 14.9% | 11.4% |
|---|
Top companies by CAPEX/Revenue, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Emami Paper Mills ($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 ($JKPAPER) | 10.1% | 47.6% | 59.5% | 15.9% | 4.2% |
| |
|---|
| Median (4 companies) | 5.8% | 13.2% | 9.5% | 13.5% | 23.6% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tcpl Packaging ($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 ($EMAMIPAP) | | 5.8% | 5.9% | 5.4% | 3.0% |
| Ruchira Papers ($RUCHIRA) | 11.2% | 15.4% | 20.2% | | |
| |
|---|
| Median (17 companies) | 7.5% | 7.9% | 8.2% | 11.1% | 8.5% |
|---|
| Shree Krishna Paper Mills & Industries ($SKPMIL) | -3.5% | 14.8% | 10.9% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Jk Paper ($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 | 2.7x | 0.0x | 0.0x |
|---|
| Shree Krishna Paper Mills & Industries ($SKPMIL) | 22.5x | 4.5x | 4.6x | 0.0x | |
