Sunil Agro Foods reports 24.6% revenue decline in FY2015
31-05-2015 • About Sunil Agro Foods (
$SUNILAGR) • By InTwits
Sunil Agro Foods reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Sunil Agro Foods is a company in decline: FY2015 revenue growth was -24.6%, 5 years revenue CAGR was -2.1%
- It operates with high leverage: Net Debt/EBITDA is 3.0x while industry average is 0.8x
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Sunil Agro Foods ($SUNILAGR) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 749 | 761 | 1,053 | 1,359 | 1,025 | -24.6% |
| EBITDA | 5 | 26 | | 30 | | -100.0% |
| Net Income | 4 | 7 | 11 | 11 | 8 | -21.3% |
Balance Sheet
|
|---|
| Cash | 2 | 4 | | | | |
| Short Term Debt | 89 | 107 | | | | |
| Long Term Debt | 7 | 6 | | | | |
Cash flow
|
|---|
| Capex | 9 | | | | | |
Ratios
|
|---|
| Revenue growth | -34.2% | 1.6% | 38.3% | 29.1% | -24.6% | |
| EBITDA growth | -19.7% | 429.8% | | | | |
| EBITDA Margin | 0.7% | 3.5% | 0.0% | 2.2% | 0.0% | -2.2% |
| Net Income Margin | 0.6% | 1.0% | 1.0% | 0.8% | 0.8% | 0.0% |
| CAPEX, % of revenue | 1.2% | | | | | 0.0% |
| ROIC | 0.2% | 10.1% | | | | 0.0% |
| ROE | 5.4% | 8.3% | | | | 0.0% |
| Net Debt/EBITDA | 19.0x | 4.1x | | 0.0x | | 0.0x |
Revenue and profitability
The company's Revenue dropped on 24.6% in FY2015.
Net Income marign showed almost no change in FY2015.
Appendix 1: Peers in Packaged Foods
Below you can find Sunil Agro Foods benchmarking vs. other companies in Packaged Foods 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 |
|---|
| Simran Farms ($SIMRAN) | | 38.4% | 23.8% | 27.5% | 23.4% |
| Heritage Foods ($HERITGFOOD) | | 27.1% | 15.0% | 7.5% | 20.4% |
| Rcl Foods ($RCLFOODS) | | -56.8% | -34.2% | 18.2% | 17.8% |
| Umang Dairies ($UMANGDAIR) | | 46.8% | 15.7% | 24.5% | 16.1% |
| Britannia Industries ($BRITANNIA) | | 19.0% | 12.4% | 11.3% | 13.8% |
| |
|---|
| Median (12 companies) | -36.5% | 18.0% | 14.8% | 15.7% | 10.6% |
|---|
| Sunil Agro Foods ($SUNILAGR) | | 1.6% | 38.3% | 29.1% | -24.6% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Glaxosmithkline Consumer Healthcare ($GSKCONS) | 18.8% | 18.6% | 17.8% | 22.5% | 17.2% |
| Sampre Nutritions ($SAMPRE) | | | | | 16.8% |
| Krbl ($KRBL) | 14.7% | 14.1% | 14.2% | 15.1% | 15.4% |
| Adf Foods ($ADFFOODS) | 16.2% | 13.5% | 11.2% | 8.6% | 14.5% |
| Britannia Industries ($BRITANNIA) | 5.2% | 5.7% | 6.9% | 9.2% | 11.1% |
| |
|---|
| Median (14 companies) | 7.7% | 8.0% | 7.3% | 8.7% | 6.6% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Venky'S (India) ($VENKYS) | 6.4% | 8.9% | 6.6% | 10.4% | 7.7% |
| Krbl ($KRBL) | 5.8% | 4.1% | 4.0% | 6.1% | 7.3% |
| Vadilal Industries ($VADILALIND) | 20.1% | 12.2% | 9.4% | 5.9% | |
| Adf Foods ($ADFFOODS) | 21.8% | 1.9% | 18.3% | 5.8% | |
| Glaxosmithkline Consumer Healthcare ($GSKCONS) | 3.6% | 2.7% | | 4.3% | 2.5% |
| |
|---|
| Median (10 companies) | 3.6% | 3.9% | 4.0% | 4.0% | 2.5% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Kse ($KSE) | 14.7% | 27.7% | 14.1% | 36.9% | 69.0% |
| Britannia Industries ($BRITANNIA) | 17.8% | 24.6% | 33.7% | 54.0% | 59.4% |
| Glaxosmithkline Consumer Healthcare ($GSKCONS) | 45.0% | 44.6% | | | 36.2% |
| Umang Dairies ($UMANGDAIR) | 54.8% | 93.5% | 55.6% | 22.3% | 28.4% |
| Krbl ($KRBL) | 14.4% | 11.7% | 14.5% | 18.3% | 17.0% |
| |
|---|
| Median (15 companies) | 13.1% | 12.3% | 12.5% | 22.3% | 28.4% |
|---|
| Sunil Agro Foods ($SUNILAGR) | 0.2% | 10.1% | | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Venky'S (India) ($VENKYS) | 0.9x | 2.6x | 2.8x | 6.7x | 3.9x |
| Krbl ($KRBL) | 3.7x | 4.1x | 2.9x | 3.0x | 2.7x |
| Heritage Foods ($HERITGFOOD) | 3.5x | 2.2x | 0.9x | 1.0x | 1.4x |
| Umang Dairies ($UMANGDAIR) | 1.8x | 0.6x | 0.5x | 1.7x | 1.1x |
| Sampre Nutritions ($SAMPRE) | 2.9x | 0.0x | 0.0x | | 0.0x |
| |
|---|
| Median (13 companies) | 2.2x | 1.7x | 0.9x | 1.1x | 0.0x |
|---|
