Divya Jyoti Industries reports 49.5% revenue decline in FY2015
01-06-2015 • About Divya Jyoti Industries (
$DIVYAJYQ) • By InTwits
Divya Jyoti Industries reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Divya Jyoti Industries is a company in decline: FY2015 revenue growth was -49.5%, 5 years revenue CAGR was -3.0%
- EBITDA Margin is declining: in FY2015 vs. 2.0% in FY2014 vs. 2.4% in FY2011
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Divya Jyoti Industries ($DIVYAJYQ) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 2,549 | 2,942 | 3,923 | 3,816 | 1,927 | -49.5% |
| EBITDA | 62 | 97 | 86 | 77 | | -100.0% |
| Net Income | 7 | 16 | 14 | 15 | 10 | -32.5% |
Balance Sheet
|
|---|
| Cash | 4 | | 33 | | | |
| Short Term Debt | 248 | | 204 | | | |
| Long Term Debt | 279 | | 76 | | | |
Cash flow
|
|---|
| Capex | 139 | | | | | |
Ratios
|
|---|
| Revenue growth | 13.8% | 15.4% | 33.3% | -2.7% | -49.5% | |
| EBITDA growth | 57.7% | 58.1% | -11.4% | -10.5% | | |
| EBITDA Margin | 2.4% | 3.3% | 2.2% | 2.0% | 0.0% | -2.0% |
| Net Income Margin | 0.3% | 0.6% | 0.4% | 0.4% | 0.5% | 0.1% |
| CAPEX, % of revenue | 5.4% | | | | | 0.0% |
| ROIC | 9.5% | | | | | 0.0% |
| ROE | 4.3% | | | | | 0.0% |
| Net Debt/EBITDA | 8.5x | 0.0x | 2.9x | 0.0x | | 0.0x |
Revenue and profitability
The company's Revenue dropped on 49.5% in FY2015.
Net Income marign showed almost no change in FY2015.
Appendix 1: Peers in Edible Oils
Below we provide Divya Jyoti Industries benchmarking against other companies in Edible Oils 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 |
|---|
| Ajanta Soya ($AJANTSOY) | | 22.4% | 13.2% | 13.1% | 16.8% |
| Gokul Refoils & Solvent ($GOKUL) | | 36.6% | -11.7% | 10.9% | -8.3% |
| Natraj Proteins ($NATRAJPR) | | 16.3% | 44.1% | 14.8% | -17.1% |
| Poona Dal & Oil Industries ($POONADAL) | | 2.1% | 30.1% | -23.2% | -33.5% |
| Murli Industries ($MURLIIND) | | 48.1% | -37.4% | -63.9% | -53.3% |
| |
|---|
| Median (7 companies) | | 36.6% | 7.2% | 13.1% | -33.5% |
|---|
| Divya Jyoti Industries ($DIVYAJYQ) | | 15.4% | 33.3% | -2.7% | -49.5% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Rasoya Proteins ($RASOYPR) | 6.0% | 7.3% | 6.0% | 6.3% | 1.5% |
| Natraj Proteins ($NATRAJPR) | 2.9% | 4.5% | 6.4% | 4.2% | |
| Gokul Refoils & Solvent ($GOKUL) | 4.1% | 0.5% | 1.5% | 2.8% | 1.7% |
| Ruchi Infrastructure ($RUCHINFRA) | 3.9% | 1.7% | 1.9% | 1.0% | 0.5% |
| Ajanta Soya ($AJANTSOY) | 0.9% | 1.0% | 0.5% | 0.7% | |
| |
|---|
| Median (5 companies) | 2.9% | 1.7% | 1.5% | 2.8% | 1.0% |
|---|
| Divya Jyoti Industries ($DIVYAJYQ) | 2.4% | 3.3% | 2.2% | 2.0% | |
Top companies by CAPEX/Revenue, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Gokul Refoils & Solvent ($GOKUL) | 0.9% | 0.8% | 0.4% | 0.4% | 0.9% |
| Rasoya Proteins ($RASOYPR) | 13.9% | 3.7% | 2.2% | 0.2% | |
| Ruchi Infrastructure ($RUCHINFRA) | 0.4% | 0.6% | 0.1% | 0.1% | 2.0% |
| |
|---|
| Median (3 companies) | 0.7% | 0.6% | 0.4% | 0.2% | 1.4% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Gokul Refoils & Solvent ($GOKUL) | 15.1% | 0.1% | 2.8% | 10.9% | 6.9% |
| Ruchi Infrastructure ($RUCHINFRA) | 9.4% | 4.5% | 3.5% | 1.9% | -1.3% |
| Murli Industries ($MURLIIND) | -3.8% | -12.3% | -8.8% | | |
| Sam Industries ($SAMINDUS) | 12.7% | 25.4% | 4.9% | | |
| Poona Dal & Oil Industries ($POONADAL) | 17.2% | 18.1% | 13.2% | | |
| |
|---|
| Median (9 companies) | 12.6% | 9.9% | 4.2% | 10.9% | 2.8% |
|---|
| Divya Jyoti Industries ($DIVYAJYQ) | 9.5% | | | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Ruchi Infrastructure ($RUCHINFRA) | 3.3x | 3.1x | 7.7x | 13.3x | 52.1x |
| Rasoya Proteins ($RASOYPR) | 5.9x | 1.9x | 2.7x | 2.4x | 0.0x |
| Gokul Refoils & Solvent ($GOKUL) | 2.8x | 46.9x | 8.9x | 2.3x | 3.7x |
| Ajanta Soya ($AJANTSOY) | 4.6x | 8.5x | 12.7x | 0.0x | |
| Natraj Proteins ($NATRAJPR) | 6.2x | 5.1x | 1.2x | 0.0x | |
| |
|---|
| Median (5 companies) | 3.9x | 3.1x | 2.7x | 2.3x | 3.7x |
|---|
| Divya Jyoti Industries ($DIVYAJYQ) | 8.5x | 0.0x | 2.9x | 0.0x | |
