Hanung Toys & Textiles revenue dropped on 71.2% in 2015
31-05-2015 • About Hanung Toys & Textiles (
$HANUNG) • By InTwits
Hanung Toys & Textiles reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Hanung Toys & Textiles is a company in decline: FY2015 revenue growth was -71.2%, 5 years revenue CAGR was -2.6%
- EBITDA Margin is declining: in FY2015 vs. -83.2% in FY2014 vs. 21.2% in FY2011
- It operates with high leverage: Net Debt/EBITDA is 6.3x while industry average is 2.4x
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Hanung Toys & Textiles ($HANUNG) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 11,330 | 14,117 | 18,007 | 4,711 | 1,358 | -71.2% |
| EBITDA | 2,400 | 3,067 | 3,597 | -3,922 | | |
| Net Income | 1,201 | 1,150 | 660 | -4,958 | -12,672 | |
Balance Sheet
|
|---|
| Cash | 690 | 148 | 47 | 44 | | -100.0% |
| Short Term Debt | 5,681 | 8,011 | 11,079 | 8,702 | | -100.0% |
| Long Term Debt | 4,554 | 5,914 | 4,955 | 14,251 | | -100.0% |
Cash flow
|
|---|
| Capex | 1,504 | 2,465 | 1,017 | | | |
Ratios
|
|---|
| Revenue growth | 630.6% | 24.6% | 27.6% | -73.8% | -71.2% | |
| EBITDA growth | 36.4% | 27.8% | 17.3% | -209.0% | | |
| EBITDA Margin | 21.2% | 21.7% | 20.0% | -83.2% | 0.0% | 83.2% |
| Net Income Margin | 10.6% | 8.1% | 3.7% | -105.2% | -933.2% | -828.0% |
| CAPEX, % of revenue | 13.3% | 17.5% | 5.6% | | | 0.0% |
| ROIC | 17.2% | 15.6% | 13.6% | -18.4% | | 18.4% |
| ROE | 26.6% | 20.3% | 9.9% | -106.1% | | 106.1% |
| Net Debt/EBITDA | 4.0x | 4.5x | 4.4x | | | 0.0x |
Revenue and profitability
The company's Revenue dropped on 71.2% in FY2015.
Net Income marign dropped on 828 pp from -105% to -933% in FY2015.
Appendix 1: Peers in Furniture-Furnishing-Paints
Below we provide Hanung Toys & Textiles benchmarking against other companies in Furniture-Furnishing-Paints 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 |
|---|
| Kajaria Ceramics ($KAJARIACER) | | 37.7% | 22.8% | 13.9% | 19.1% |
| Asian Paints ($ASIANPAINT) | | 24.8% | 13.3% | 15.7% | 11.3% |
| Nitco ($NITCO) | | 31.0% | -8.1% | 0.1% | 7.7% |
| Murudeshwar Ceramics ($MURUDCERA) | | 3.6% | -19.5% | 1.3% | -5.5% |
| Shalimar Paints ($SHALPAINTS) | | 19.5% | 2.5% | -3.2% | -10.3% |
| |
|---|
| Median (5 companies) | | 24.8% | 2.5% | 1.3% | 7.7% |
|---|
| Hanung Toys & Textiles ($HANUNG) | | 24.6% | 27.6% | -73.8% | -71.2% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Murudeshwar Ceramics ($MURUDCERA) | 30.6% | 23.6% | 21.8% | 21.6% | 23.5% |
| Kajaria Ceramics ($KAJARIACER) | 15.8% | 15.8% | 15.3% | 15.6% | 16.3% |
| Asian Paints ($ASIANPAINT) | 17.3% | 16.0% | 16.0% | 16.0% | 16.0% |
| Neycer India ($NEYCERI) | | | | | 9.3% |
| Shalimar Paints ($SHALPAINTS) | 7.2% | 7.8% | 7.6% | 3.0% | 2.1% |
| |
|---|
| Median (6 companies) | 15.8% | 15.8% | 15.3% | 15.8% | 12.7% |
|---|
Top companies by CAPEX/Revenue, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Kajaria Ceramics ($KAJARIACER) | 17.5% | 5.7% | 9.6% | 8.5% | 12.3% |
| Shalimar Paints ($SHALPAINTS) | 1.3% | 0.7% | 2.1% | 2.8% | 6.5% |
| Asian Paints ($ASIANPAINT) | 2.0% | 5.7% | 5.9% | 2.0% | 3.2% |
| |
|---|
| Median (3 companies) | 5.9% | 5.7% | 7.7% | 2.8% | 6.5% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Asian Paints ($ASIANPAINT) | 50.4% | 47.1% | 43.0% | 39.8% | 37.1% |
| Kajaria Ceramics ($KAJARIACER) | | 27.9% | 28.6% | 28.8% | 29.8% |
| Shalimar Paints ($SHALPAINTS) | 23.6% | 25.9% | 22.2% | 6.2% | 2.4% |
| Euro Ceramics ($EUROCERA) | 12.7% | -8.1% | -11.2% | | |
| Neycer India ($NEYCERI) | | | -6.5% | | |
| |
|---|
| Median (8 companies) | 12.7% | 15.8% | 4.7% | 28.8% | 29.8% |
|---|
| Hanung Toys & Textiles ($HANUNG) | 17.2% | 15.6% | 13.6% | -18.4% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Shalimar Paints ($SHALPAINTS) | 1.7x | 1.5x | 1.9x | 7.3x | 13.7x |
| Kajaria Ceramics ($KAJARIACER) | 1.9x | 1.3x | 1.3x | 0.8x | 0.7x |
| Asian Paints ($ASIANPAINT) | 0.1x | 0.1x | -0.0x | 0.0x | 0.1x |
| Neycer India ($NEYCERI) | | 11.8x | 107.4x | | 0.0x |
| Murudeshwar Ceramics ($MURUDCERA) | 2.6x | 3.2x | 4.1x | 0.0x | 0.0x |
| |
|---|
| Median (5 companies) | 2.3x | 5.5x | 3.0x | 0.0x | 0.1x |
|---|
