Ajanta Soya reports 16.8% revenue growth in FY2015
31-05-2015 • About Ajanta Soya (
$AJANTSOY) • By InTwits
Ajanta Soya reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: EBITDA Margin is relatively stable: in FY2015 vs. 0.7% in FY2014 vs. 0.9% in FY2011.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Ajanta Soya ($AJANTSOY) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 3,020 | 3,696 | 4,182 | 4,732 | 5,527 | 16.8% |
| EBITDA | 28 | 37 | 23 | 34 | | -100.0% |
| Net Income | 5 | 2 | 5 | 14 | 26 | 82.1% |
Balance Sheet
|
|---|
| Cash | 30 | 3 | 98 | | | |
| Short Term Debt | 0 | 315 | 386 | | | |
| Long Term Debt | 157 | 0 | 0 | | | |
Cash flow
|
|---|
| Capex | | 35 | | | | |
Ratios
|
|---|
| Revenue growth | -55.4% | 22.4% | 13.2% | 13.1% | 16.8% | |
| EBITDA growth | 27.5% | 30.8% | -38.0% | 51.1% | | |
| EBITDA Margin | 0.9% | 1.0% | 0.5% | 0.7% | 0.0% | -0.7% |
| Net Income Margin | 0.2% | 0.1% | 0.1% | 0.3% | 0.5% | 0.2% |
| CAPEX, % of revenue | | 1.0% | | | | 0.0% |
| ROIC | 4.3% | 5.1% | 1.3% | | | 0.0% |
| ROE | 2.6% | 1.0% | 2.2% | | | 0.0% |
| Net Debt/EBITDA | 4.6x | 8.5x | 12.7x | 0.0x | | 0.0x |
Revenue and profitability
The company's Revenue surged on 16.8% in FY2015.
Net Income marign showed almost no change in FY2015.
Appendix 1: Peers in Edible Oils
Below you can find Ajanta Soya benchmarking vs. other companies in Edible Oils 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 |
|---|
| Natraj Proteins ($NATRAJPR) | | 16.3% | 44.1% | 14.8% | -17.1% |
| Rasoya Proteins ($RASOYPR) | -50.3% | 228.9% | 7.2% | 13.6% | |
| Ruchi Infrastructure ($RUCHINFRA) | | 44.0% | -23.4% | 13.4% | -59.0% |
| Gokul Refoils & Solvent ($GOKUL) | | 36.6% | -11.7% | 10.9% | -8.3% |
| Divya Jyoti Industries ($DIVYAJYQ) | 13.8% | 15.4% | 33.3% | -2.7% | |
| |
|---|
| Median (7 companies) | -18.2% | 36.6% | 7.2% | 10.9% | -33.5% |
|---|
| Ajanta Soya ($AJANTSOY) | | 22.4% | 13.2% | 13.1% | 16.8% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Rasoya Proteins ($RASOYPR) | 6.0% | 7.3% | 6.0% | 6.3% | |
| Natraj Proteins ($NATRAJPR) | 2.9% | 4.5% | 6.4% | 4.2% | |
| Gokul Refoils & Solvent ($GOKUL) | 4.1% | 0.5% | 1.5% | 2.8% | 1.7% |
| Divya Jyoti Industries ($DIVYAJYQ) | 2.4% | 3.3% | 2.2% | 2.0% | |
| Ruchi Infrastructure ($RUCHINFRA) | 3.9% | 1.7% | 1.9% | 1.0% | 0.5% |
| |
|---|
| Median (5 companies) | 2.9% | 1.9% | 1.9% | 2.8% | 0.5% |
|---|
| Ajanta Soya ($AJANTSOY) | 0.9% | 1.0% | 0.5% | 0.7% | |
Top companies by CAPEX/Revenue, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Gokul Refoils & Solvent ($GOKUL) | 0.9% | 0.8% | 0.4% | 0.4% | 0.9% |
| Rasoya Proteins ($RASOYPR) | 13.9% | 3.7% | 2.2% | 0.2% | |
| Ruchi Infrastructure ($RUCHINFRA) | 0.4% | 0.6% | 0.1% | 0.1% | 2.0% |
| |
|---|
| Median (3 companies) | 0.9% | 0.6% | 0.4% | 0.2% | 1.4% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Gokul Refoils & Solvent ($GOKUL) | 15.1% | 0.1% | 2.8% | 10.9% | 6.9% |
| Ruchi Infrastructure ($RUCHINFRA) | 9.4% | 4.5% | 3.5% | 1.9% | -1.3% |
| Raj Oil Mills ($RAJOIL) | | | | | |
| Sam Industries ($SAMINDUS) | 12.7% | 25.4% | 4.9% | | |
| Murli Industries ($MURLIIND) | -3.8% | -12.3% | -8.8% | | |
| |
|---|
| Median (7 companies) | 12.6% | 14.7% | 4.9% | 10.9% | 2.8% |
|---|
| Ajanta Soya ($AJANTSOY) | 4.3% | 5.1% | 1.3% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Ruchi Infrastructure ($RUCHINFRA) | 3.3x | 3.1x | 7.7x | 13.3x | 52.1x |
| Rasoya Proteins ($RASOYPR) | 5.9x | 1.9x | 2.7x | 2.4x | |
| Gokul Refoils & Solvent ($GOKUL) | 2.8x | 46.9x | 8.9x | 2.3x | 3.7x |
| Divya Jyoti Industries ($DIVYAJYQ) | 8.5x | 0.0x | 2.9x | 0.0x | |
| Natraj Proteins ($NATRAJPR) | 6.2x | 5.1x | 1.2x | 0.0x | |
| |
|---|
| Median (5 companies) | 4.6x | 1.9x | 2.7x | 2.3x | 27.9x |
|---|
| Ajanta Soya ($AJANTSOY) | 4.6x | 8.5x | 12.7x | 0.0x | |
