Trending stocks

Neo Corp International revenue started to decline in FY2015: dropped 24.6% vs. 56.4% growth a year earliner

01-06-2015 • About Neo Corp International ($NEOCORP) • By InTwits

Neo Corp International reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: Neo Corp International is a company in decline: FY2015 revenue growth was -24.6%, 5 years revenue CAGR was -2.9%.

Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.

Neo Corp International ($NEOCORP) key annual financial indicators

mln. INR201120122013201420152015/2014
P&L
Revenue3,1534,3116,2619,7937,383-24.6%
EBITDA3605577151,018868-14.7%
Net Income1592122113003020.6%
Balance Sheet
Cash122127183483-100.0%
Short Term Debt8681,1411,2382,054-100.0%
Long Term Debt5419161,2321,622-100.0%
Cash flow
Ratios
Revenue growth-63.2%36.7%45.2%56.4%-24.6%
EBITDA growth61.7%54.7%28.3%42.4%-14.7%
EBITDA Margin11.4%12.9%11.4%10.4%11.8%1.4%
Net Income Margin5.1%4.9%3.4%3.1%4.1%1.0%
ROIC17.4%14.9%13.7%15.7%-15.7%
ROE20.1%13.0%8.8%11.2%-11.2%
Net Debt/EBITDA3.6x3.5x3.2x3.1x0.0x-3.1x

Revenue and profitability


The company's Revenue dropped on 24.6% in FY2015. Despite revenue decline the EBITDA margin expanded. EBITDA Margin increased slightly on 1.4 pp from 10.4% to 11.8% in FY2015.

Net Income marign increased slightly on 1.0 pp from 3.1% to 4.1% in FY2015.


Appendix 1: Peers in Containers & Packaging


Below you can find Neo Corp International benchmarking vs. other companies in Containers & Packaging 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
Shri Jagdamba Polymers ($SHRJAGP)35.5%38.3%21.7%22.7%
Kg Petrochem ($KGPETRO)16.1%24.0%20.9%22.4%
Kanpur Plastipack ($KANPRPLA)57.2%-4.6%21.1%15.9%
Emmbi Industries ($EMMBI)35.6%36.6%13.9%14.8%
Time Technoplast ($TIMETECHNO)19.8%17.6%21.6%13.3%
 
Median (17 companies)-47.6%14.8%15.3%13.9%8.5%
Neo Corp International ($NEOCORP)36.7%45.2%56.4%-24.6%


Top companies by EBITDA margin, %

Top 5 FY2011 FY2012 FY2013 FY2014 FY2015
Manaksia ($MANAKSIA)16.5%14.4%17.4%20.3%18.6%
Essel Propack ($ESSELPRO)17.8%17.0%17.4%16.9%17.2%
Time Technoplast ($TIMETECHNO)18.5%15.9%16.2%14.1%13.7%
Kg Petrochem ($KGPETRO)11.6%16.0%12.8%14.7%12.5%
Hindusthan National Glass & Industries ($HINDNATGLS)17.8%15.4%9.3%12.2%12.1%
 
Median (19 companies)12.6%12.9%10.6%12.2%8.6%
Neo Corp International ($NEOCORP)11.4%12.9%11.4%10.4%11.8%


Top companies by CAPEX/Revenue, %

Top 5 FY2011 FY2012 FY2013 FY2014 FY2015
Essel Propack ($ESSELPRO)7.9%10.0%6.7%8.5%9.4%
Piramal Glass ($PIRAMGLAS)12.6%20.7%6.0%7.7%
Control Print ($CONTROLPR)3.0%5.0%7.5%
Hindusthan National Glass & Industries ($HINDNATGLS)21.7%75.5%25.0%6.7%0.4%
Time Technoplast ($TIMETECHNO)18.5%17.9%11.1%6.2%4.2%
 
Median (7 companies)10.7%8.9%6.7%6.7%4.2%


Top companies by ROIC, %

Top 5 FY2011 FY2012 FY2013 FY2014 FY2015
Essel Propack ($ESSELPRO)8.6%9.9%12.5%14.7%
Time Technoplast ($TIMETECHNO)15.9%12.8%13.4%12.0%12.9%
Manaksia ($MANAKSIA)12.7%12.9%15.5%16.0%11.4%
Uflex ($UFLEX)33.1%12.5%9.9%8.1%8.4%
Hindusthan National Glass & Industries ($HINDNATGLS)10.0%6.6%-1.0%-0.7%-0.4%
 
Median (28 companies)8.4%9.1%9.9%11.2%11.4%
Neo Corp International ($NEOCORP)17.4%14.9%13.7%15.7%


Top companies by Net Debt / EBITDA

Top 5 FY2011 FY2012 FY2013 FY2014 FY2015
Hindusthan National Glass & Industries ($HINDNATGLS)2.1x7.4x15.8x11.2x10.6x
Uflex ($UFLEX)1.0x2.7x3.0x3.2x2.8x
Essel Propack ($ESSELPRO)3.0x3.2x2.9x2.6x2.2x
Time Technoplast ($TIMETECHNO)2.3x2.6x2.6x2.6x2.2x
Manaksia ($MANAKSIA)1.7x1.3x1.2x0.3x0.9x
 
Median (17 companies)3.0x3.2x3.5x0.9x0.0x
Neo Corp International ($NEOCORP)3.6x3.5x3.2x3.1x0.0x