Parker Agrochem Exports reports 33.1% revenue growth in FY2015 and almost no change in EBITDA Margin of 0.36%
31-05-2015 • About Parker Agrochem Exports (
$PARKERAC) • By InTwits
Parker Agrochem Exports reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- EBITDA Margin is relatively stable: 0.4% in FY2015 vs. 0.4% in FY2014 vs. -0.1% in FY2011
- EBITDA Margin is quite volatile: 0.4% in FY2015, 0.4% in FY2014, 0.5% in FY2013, 0.9% in FY2012, -0.1% in FY2011
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Parker Agrochem Exports ($PARKERAC) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 384 | 88 | 1,437 | 1,998 | 2,659 | 33.1% |
| EBITDA | -0 | 1 | 7 | 8 | 10 | 20.7% |
| Net Income | -3 | -3 | 2 | 3 | 4 | 39.2% |
Balance Sheet
|
|---|
| Cash | 3 | | 5 | | | |
| Short Term Debt | 0 | | 0 | | | |
| Long Term Debt | 0 | | 1 | | | |
Cash flow
|
|---|
| Capex | 9 | | | | | |
Ratios
|
|---|
| Revenue growth | -87.9% | -77.2% | 1,542.3% | 39.1% | 33.1% | |
| EBITDA growth | -116.1% | -264.9% | 771.1% | 18.1% | 20.7% | |
| EBITDA Margin | -0.1% | 0.9% | 0.5% | 0.4% | 0.4% | -0.0% |
| Net Income Margin | -0.9% | -3.1% | 0.2% | 0.2% | 0.2% | 0.0% |
| CAPEX, % of revenue | 2.3% | | | | | 0.0% |
| Net Debt/EBITDA | | 0.0x | -0.6x | 0.0x | 0.0x | 0.0x |
Revenue and profitability
Parker Agrochem Exports's Revenue surged on 33.1% in FY2015. Revenue decline was accompanies by EBITDA margin decline. EBITDA Margin decreased on 2.2 pp from 0.45% to -1.7% in FY2015.
Net Income marign showed almost no change in FY2015.
Appendix 1: Peers in Comm.Trading & Distribution
Below we provide Parker Agrochem Exports benchmarking against other companies in Comm.Trading & Distribution 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 |
|---|
| Shri Krishna Prasadam ($SKP) | | 69.6% | 57.3% | 1,074.7% | 148.2% |
| Sunil Industries ($SUNILTX) | | 15.9% | 57.2% | 12.1% | 59.6% |
| Gagan Polycot India ($GAGANPO) | | -59.4% | 76.3% | 18.2% | 43.2% |
| Ptl Enterprises ($PTL) | | 17.9% | 12.6% | 17.7% | 35.1% |
| Risa International ($RISAINTL) | | | | 4,724.7% | 18.8% |
| |
|---|
| Median (17 companies) | -50.4% | 14.0% | 12.6% | 12.5% | 10.9% |
|---|
| Parker Agrochem Exports ($PARKERAC) | | -77.2% | 1,542.3% | 39.1% | 33.1% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Hexa Tradex ($HEXATRADEX) | | | | | 48.1% |
| Bombay Cycle & Motor Agency ($BOMBCYC) | | | | | 19.5% |
| Ptl Enterprises ($PTL) | 27.6% | 26.6% | 22.7% | 21.6% | 18.5% |
| Remi Elektrotechnik ($REMIELEK) | | | | | 15.1% |
| Maxwell Industries ($MAXWELL) | 6.7% | 9.9% | 6.7% | 9.0% | 10.7% |
| |
|---|
| Median (30 companies) | 3.0% | 2.9% | 2.8% | 2.2% | 2.4% |
|---|
| Parker Agrochem Exports ($PARKERAC) | -0.1% | 0.9% | 0.5% | 0.4% | 0.4% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Ptl Enterprises ($PTL) | 1.0% | 5.0% | 4.5% | 2.4% | 4.2% |
| Maxwell Industries ($MAXWELL) | 1.2% | 0.9% | 1.9% | 2.4% | 1.8% |
| Redington (India) ($REDINGTON) | 0.3% | 0.2% | 0.7% | 0.2% | 0.2% |
| Mmtc ($MMTC) | 0.1% | 0.0% | 0.1% | 0.1% | 0.1% |
| Kothari Products ($KOTHARIPRO) | 0.9% | 2.5% | 0.1% | 0.2% | 0.0% |
| |
|---|
| Median (5 companies) | 0.5% | 0.6% | 0.1% | 0.2% | 0.2% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Ptl Enterprises ($PTL) | 18.1% | 18.5% | 19.5% | 21.1% | 22.1% |
| Redington (India) ($REDINGTON) | 15.5% | 17.2% | 16.0% | 16.3% | 15.3% |
| Risa International ($RISAINTL) | | | -0.2% | 14.8% | 11.9% |
| Maxwell Industries ($MAXWELL) | 5.3% | 9.0% | 6.6% | 9.6% | 11.2% |
| Kothari Products ($KOTHARIPRO) | 7.4% | 23.4% | 20.0% | 28.3% | 10.6% |
| |
|---|
| Median (43 companies) | 2.5% | 4.7% | 5.0% | 9.7% | 11.2% |
|---|
| Parker Agrochem Exports ($PARKERAC) | | | | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Maxwell Industries ($MAXWELL) | 5.7x | 3.7x | 5.8x | 3.5x | 3.3x |
| Redington (India) ($REDINGTON) | 2.4x | 2.6x | 2.6x | 1.7x | 1.9x |
| Kothari Products ($KOTHARIPRO) | 1.6x | 1.2x | 0.6x | 0.4x | 1.4x |
| Ptl Enterprises ($PTL) | 3.7x | 2.2x | 2.0x | 2.0x | 1.2x |
| Rama Vision ($RAMAVISION) | 0.2x | -1.8x | 0.3x | 0.0x | 0.0x |
| |
|---|
| Median (24 companies) | 3.1x | 2.0x | 2.0x | 0.0x | 0.0x |
|---|
| Parker Agrochem Exports ($PARKERAC) | | 0.0x | -0.6x | 0.0x | 0.0x |
