Twinstar Industries reports 40.3% revenue growth in FY2015
30-05-2015 • About Twinstar Industries (
$TWINSTAR) • By InTwits
Twinstar Industries reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: EBITDA Margin is declining: in FY2015 vs. in FY2014 vs. 2.3% in FY2011.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Twinstar Industries ($TWINSTAR) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 106 | 322 | 514 | 714 | 1,002 | 40.3% |
| EBITDA | 2 | 6 | 4 | | | |
| Net Income | 1 | 10 | 3 | 3 | 6 | 130.0% |
Balance Sheet
|
|---|
| Cash | 0 | 13 | 1 | | | |
| Short Term Debt | 0 | 0 | 0 | | | |
| Long Term Debt | 0 | 0 | 0 | | | |
Cash flow
|
|---|
| Capex | 46 | 0 | | | | |
Ratios
|
|---|
| Revenue growth | -90.5% | 204.5% | 59.8% | 38.8% | 40.3% | |
| EBITDA growth | -68.2% | 137.2% | -30.5% | | | |
| EBITDA Margin | 2.3% | 1.8% | 0.8% | 0.0% | 0.0% | 0.0% |
| Net Income Margin | 0.9% | 3.1% | 0.5% | 0.4% | 0.6% | 0.2% |
| CAPEX, % of revenue | 43.3% | 0.0% | | | | 0.0% |
| ROIC | | 2.0% | 0.5% | | | 0.0% |
| ROE | | 4.6% | 1.2% | | | 0.0% |
| Net Debt/EBITDA | -0.0x | -2.2x | -0.1x | | | 0.0x |
Revenue and profitability
Twinstar Industries's Revenue surged on 40.3% in FY2015.
Net Income marign showed almost no change in FY2015.
Appendix 1: Peers in IT Software Products
Below we provide Twinstar Industries benchmarking against other companies in IT Software 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 |
|---|
| Atishay Infotech ($ATISHAY) | | -25.4% | 6.9% | 21.8% | 28.2% |
| Dion Global Solutions ($DION) | | 40.4% | 40.8% | -9.5% | 27.8% |
| Avance Technologies ($AVANCE) | | -11.7% | -17.9% | -30.8% | 20.3% |
| Softsol India ($SOFTSOL) | | -10.4% | 9.3% | -20.4% | 14.1% |
| Aurionpro Solutions ($AURIONPRO) | | 13.9% | 17.7% | 14.2% | 13.6% |
| |
|---|
| Median (16 companies) | | 15.1% | 15.4% | 14.2% | 9.4% |
|---|
| Twinstar Industries ($TWINSTAR) | | 204.5% | 59.8% | 38.8% | 40.3% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Atishay Infotech ($ATISHAY) | 19.6% | 35.7% | 28.1% | 25.8% | 24.5% |
| Subex ($SUBEX) | 26.8% | 27.3% | 17.0% | 24.9% | 23.6% |
| Tata Elxsi ($TATAELXSI) | 11.4% | 13.8% | 11.9% | 17.6% | 20.9% |
| Cambridge Technology Enterprises ($CTE) | | | | | 20.9% |
| Aurionpro Solutions ($AURIONPRO) | 21.4% | 15.9% | 14.5% | 12.0% | 16.9% |
| |
|---|
| Median (22 companies) | 10.7% | 9.6% | 9.4% | 10.1% | 9.2% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Aurionpro Solutions ($AURIONPRO) | 15.7% | 17.5% | 12.3% | 12.6% | 13.4% |
| Mastek ($MASTKBBPH) | 4.8% | 2.2% | | 0.0% | 4.9% |
| Dion Global Solutions ($DION) | 10.7% | 39.9% | 11.9% | 29.6% | 4.0% |
| Tata Elxsi ($TATAELXSI) | 7.0% | 5.3% | 5.4% | 3.1% | 3.9% |
| Polaris Financial Technology ($POLARIS) | 5.9% | 7.2% | 2.5% | 1.5% | 3.9% |
| |
|---|
| Median (10 companies) | 4.6% | 4.5% | 5.4% | 2.3% | 3.0% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Tata Elxsi ($TATAELXSI) | 13.2% | 22.5% | 19.1% | 38.3% | 55.4% |
| Mindteck (India) ($MINDTECK) | 6.7% | -2.6% | 1.2% | 20.0% | 17.5% |
| Blue Star Infotech ($BLUESTINFO) | | | 7.1% | 16.3% | 17.4% |
| Polaris Financial Technology ($POLARIS) | 18.7% | 19.5% | 15.1% | 12.6% | 16.2% |
| Aurionpro Solutions ($AURIONPRO) | 15.2% | 8.6% | 8.6% | 5.9% | 12.1% |
| |
|---|
| Median (27 companies) | 4.7% | 4.6% | 5.8% | 16.3% | 12.1% |
|---|
| Twinstar Industries ($TWINSTAR) | | 2.0% | 0.5% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Subex ($SUBEX) | 4.2x | 4.6x | 13.1x | 8.5x | 8.0x |
| Dion Global Solutions ($DION) | 11.6x | 11.8x | 11.3x | | 7.4x |
| Aurionpro Solutions ($AURIONPRO) | 1.1x | 1.7x | 1.7x | 1.9x | 1.2x |
| Saksoft ($SAKSOFT) | 3.8x | 2.8x | 2.3x | 0.0x | 1.2x |
| Datamatics Global Services ($DATAMATICS) | 0.2x | 0.5x | 0.3x | 0.5x | 0.3x |
| |
|---|
| Median (18 companies) | 0.2x | 0.7x | 0.0x | 0.0x | 0.0x |
|---|
