Shri Dinesh Mills revenue returned to growth in FY2015: increased 305% vs. 76.5% decline a year earliner
31-05-2015 • About Shri Dinesh Mills (
$SHRIDINE) • By InTwits
Shri Dinesh Mills reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Shri Dinesh Mills ($SHRIDINE) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 955 | 1,003 | 1,054 | 247 | 1,001 | 304.9% |
| EBITDA | 236 | 224 | 195 | 46 | 147 | 217.1% |
| Net Income | 80 | 63 | 39 | 14 | 47 | 246.0% |
Balance Sheet
|
|---|
| Cash | 179 | 139 | 145 | | | |
| Short Term Debt | 46 | 39 | 36 | | | |
| Long Term Debt | 340 | 363 | 321 | | | |
Cash flow
|
|---|
| Capex | 30 | 289 | | | | |
Ratios
|
|---|
| Revenue growth | -13.8% | 5.0% | 5.1% | -76.5% | 304.9% | |
| EBITDA growth | 30.6% | -4.9% | -13.1% | -76.3% | 217.1% | |
| EBITDA Margin | 24.7% | 22.4% | 18.5% | 18.7% | 14.6% | -4.1% |
| Net Income Margin | 8.4% | 6.3% | 3.7% | 5.5% | 4.7% | -0.8% |
| CAPEX, % of revenue | 3.1% | 28.9% | | | | 0.0% |
| ROIC | 10.6% | 8.9% | 5.6% | | | 0.0% |
| ROE | 8.8% | 6.4% | 4.0% | | | 0.0% |
| Net Debt/EBITDA | 0.9x | 1.2x | 1.1x | 0.0x | 0.0x | 0.0x |
Revenue and profitability
Shri Dinesh Mills's Revenue jumped on 305% in FY2015. Despite revenue decline the EBITDA margin expanded. EBITDA Margin jumped on 16.3 pp from 27.5% to 43.7% in FY2015.
Net Income marign decreased slightly on 0.81 pp from 5.5% to 4.7% in FY2015.
Appendix 1: Peers in Textiles
Below we provide Shri Dinesh Mills benchmarking against other companies in Textiles 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 |
|---|
| Santaram Spinners ($SANTASPN) | | 6.0% | 60.7% | -40.9% | 112.0% |
| Asahi Industries ($ASAHIIND) | | 36.2% | 23.0% | 24.4% | 103.9% |
| Blue Chip Tex Industries ($BLUECHIPT) | | 303.8% | 12.9% | 29.9% | 56.1% |
| Jaybharat Textiles & Real Estate ($JAYTEX) | | 17.2% | -26.3% | 0.4% | 38.0% |
| Binayak Tex Processors ($ZBINTXPP) | | -1.2% | -6.8% | 17.3% | 27.0% |
| |
|---|
| Median (71 companies) | -41.1% | 4.8% | 10.0% | 14.4% | -0.5% |
|---|
| Shri Dinesh Mills ($SHRIDINE) | | 5.0% | 5.1% | -76.5% | 304.9% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Sil Investments ($SILINV) | | | | | 93.8% |
| Swadeshi Polytex ($SWADPOL) | | | | | 64.4% |
| Binny ($BINNY) | | | | | 60.9% |
| Ruby Mills ($RUBYMILLS) | 25.2% | 28.3% | 25.1% | 28.6% | 29.3% |
| Premier Synthetics ($PREMSYN) | | | | | 25.9% |
| |
|---|
| Median (77 companies) | 12.7% | 6.3% | 9.5% | 9.5% | 8.0% |
|---|
| Shri Dinesh Mills ($SHRIDINE) | 24.7% | 22.4% | 18.5% | 18.7% | 14.6% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Nitin Spinners ($NITINSPIN) | 0.2% | 1.9% | 2.6% | 8.0% | 42.3% |
| Maharaja Shree Umaid Mills ($MAHASHR) | 2.4% | 18.6% | 24.1% | 6.8% | 16.8% |
| Jindal Worldwide ($JINDWORLD) | 3.6% | 3.0% | 10.5% | 20.7% | 11.6% |
| SRF ($SRF) | 0.0% | 0.0% | 18.7% | 20.0% | 11.4% |
| Welspun India ($WELSPUNIND) | 11.3% | 5.6% | 7.8% | 16.4% | 10.9% |
| |
|---|
| Median (21 companies) | 4.5% | 3.0% | 5.6% | 6.8% | 6.7% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Welspun India ($WELSPUNIND) | 5.1% | 9.3% | 15.6% | 8.5% | 21.9% |
| Maharaja Shree Umaid Mills ($MAHASHR) | 9.9% | -0.5% | 9.2% | 8.3% | 20.4% |
| Nitin Spinners ($NITINSPIN) | 13.8% | 6.0% | 19.5% | 21.5% | 17.5% |
| Sutlej Textiles & Industries ($SUTLEJTEX) | 16.0% | 9.5% | 13.6% | 19.8% | 14.6% |
| Arvind ($ARVIND) | 9.9% | 11.3% | 11.2% | 13.7% | 13.2% |
| |
|---|
| Median (115 companies) | 10.1% | 3.5% | 9.3% | 9.2% | 9.0% |
|---|
| Shri Dinesh Mills ($SHRIDINE) | 10.6% | 8.9% | 5.6% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Bombay Rayon Fashions ($BRFL) | 5.9x | 4.9x | 4.9x | 11.6x | 10.0x |
| Ruby Mills ($RUBYMILLS) | 15.9x | 12.6x | 15.3x | 10.8x | 8.6x |
| Dcm ($DCM) | 3.1x | 13.5x | 3.5x | 3.7x | 5.5x |
| Nahar Spinning Mills ($NAHARSPING) | 4.6x | 70.8x | 3.8x | 3.2x | 4.9x |
| Rai Saheb Rekhchand Mohota Spg.& Wvg.Mills ($RAIREKMOH) | 6.1x | 10.0x | 0.0x | 0.0x | 4.6x |
| |
|---|
| Median (66 companies) | 3.9x | 3.8x | 3.2x | 0.0x | 0.0x |
|---|
| Shri Dinesh Mills ($SHRIDINE) | 0.9x | 1.2x | 1.1x | 0.0x | 0.0x |
