Chartered Logistics reports 8.4% revenue growth in FY2015
31-05-2015 • About Chartered Logistics (
$CHLOGIST) • By InTwits
Chartered Logistics reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: EBITDA Margin is declining: in FY2015 vs. 6.1% in FY2014 vs. 12.7% in FY2011.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Chartered Logistics ($CHLOGIST) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 1,842 | 2,569 | 2,501 | 1,610 | 1,746 | 8.4% |
| EBITDA | 234 | 324 | 257 | 99 | | -100.0% |
| Net Income | 78 | 57 | 28 | -82 | 36 | |
Balance Sheet
|
|---|
| Cash | 53 | 66 | 101 | 63 | | -100.0% |
| Short Term Debt | 192 | 571 | 485 | 726 | | -100.0% |
| Long Term Debt | 612 | 470 | 496 | 181 | | -100.0% |
Cash flow
|
|---|
| Capex | 375 | 117 | | 14 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -8.8% | 39.5% | -2.6% | -35.6% | 8.4% | |
| EBITDA growth | 103.1% | 38.4% | -20.8% | -61.6% | | |
| EBITDA Margin | 12.7% | 12.6% | 10.3% | 6.1% | 0.0% | -6.1% |
| Net Income Margin | 4.2% | 2.2% | 1.1% | -5.1% | 2.1% | 7.2% |
| CAPEX, % of revenue | 20.4% | 4.5% | | 0.8% | | -0.8% |
| ROIC | 19.4% | 17.3% | 10.7% | -0.3% | | 0.3% |
| ROE | 39.7% | 22.6% | 9.7% | -31.4% | | 31.4% |
| Net Debt/EBITDA | 3.2x | 3.0x | 3.4x | 8.5x | | -8.5x |
Revenue and profitability
Chartered Logistics's Revenue increased on 8.4% in FY2015.
Net Income marign increased on 7.2 pp from -5.1% to 2.1% in FY2015.
Appendix 1: Peers in Surface Transportation
Below we provide Chartered Logistics benchmarking against other companies in Surface Transportation 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 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Inter State Oil Carrier ($INTSTOIL) | | 7.7% | -13.5% | 1.8% | 14.7% |
| Transport Corporation Of India ($TCI) | | 5.5% | 9.0% | 4.5% | 8.5% |
| Patel Integrated Logistics ($PATINTLOG) | | 5.6% | 12.7% | 6.5% | 8.2% |
| |
|---|
| Median (3 companies) | | 5.6% | 9.0% | 4.5% | 8.5% |
|---|
| Chartered Logistics ($CHLOGIST) | | 39.5% | -2.6% | -35.6% | 8.4% |
Top companies by EBITDA margin, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Inter State Oil Carrier ($INTSTOIL) | | 11.7% | 12.0% | 13.5% | |
| Transport Corporation Of India ($TCI) | 7.7% | 8.2% | 8.3% | 7.7% | 8.2% |
| Patel Integrated Logistics ($PATINTLOG) | 3.4% | 3.7% | 3.3% | 3.0% | 3.7% |
| |
|---|
| Median (3 companies) | 5.5% | 8.2% | 8.3% | 7.7% | 4.6% |
|---|
| Chartered Logistics ($CHLOGIST) | 12.7% | 12.6% | 10.3% | 6.1% | |
Top companies by CAPEX/Revenue, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Transport Corporation Of India ($TCI) | 4.7% | 5.9% | 3.1% | 3.6% | 5.9% |
| Patel Integrated Logistics ($PATINTLOG) | 1.6% | 1.6% | | 0.6% | 0.6% |
| |
|---|
| Median (2 companies) | 3.1% | 3.7% | 3.1% | 2.1% | 3.3% |
|---|
| Chartered Logistics ($CHLOGIST) | 20.4% | 4.5% | | 0.8% | |
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Transport Corporation Of India ($TCI) | 16.1% | 16.5% | 16.2% | 14.4% | 15.0% |
| Patel Integrated Logistics ($PATINTLOG) | 7.8% | 9.5% | 9.0% | 8.5% | 12.5% |
| Balurghat Technologies ($BALTE) | | | | | |
| Coastal Roadways ($COARO) | 9.8% | 8.9% | 4.0% | | |
| Inter State Oil Carrier ($INTSTOIL) | | | -0.8% | | |
| |
|---|
| Median (5 companies) | 9.8% | 9.5% | 6.5% | 11.4% | 13.7% |
|---|
| Chartered Logistics ($CHLOGIST) | 19.4% | 17.3% | 10.7% | -0.3% | |
Top companies by Net Debt / EBITDA
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Patel Integrated Logistics ($PATINTLOG) | 1.3x | 1.4x | 1.5x | 1.8x | 1.5x |
| Transport Corporation Of India ($TCI) | 2.1x | 2.1x | 2.0x | 1.7x | 1.4x |
| Balurghat Technologies ($BALTE) | | 0.0x | 0.0x | 0.0x | |
| Inter State Oil Carrier ($INTSTOIL) | | 3.4x | 2.3x | 0.0x | |
| |
|---|
| Median (4 companies) | 1.5x | 1.4x | 1.7x | 0.9x | 1.4x |
|---|
| Chartered Logistics ($CHLOGIST) | 3.2x | 3.0x | 3.4x | 8.5x | |
