Veejay Lakshmi Engineering Works revenue dropped on 24.4% in 2015
01-06-2015 • About Veejay Lakshmi Engineering Works (
$VJLAXMIE) • By InTwits
Veejay Lakshmi Engineering Works reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Veejay Lakshmi Engineering Works ($VJLAXMIE) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 1,520 | 1,082 | 1,144 | 1,448 | 1,095 | -24.4% |
| EBITDA | 220 | 60 | 99 | | -30 | |
| Net Income | 56 | -75 | -33 | 46 | 19 | -58.9% |
Balance Sheet
|
|---|
| Cash | 1 | 25 | 16 | | | |
| Short Term Debt | 149 | 159 | 117 | | | |
| Long Term Debt | 422 | 359 | 343 | | | |
Cash flow
|
|---|
| Capex | 72 | 46 | | | | |
Ratios
|
|---|
| Revenue growth | 27.9% | -28.8% | 5.7% | 26.6% | -24.4% | |
| EBITDA growth | 93.0% | -72.5% | 64.6% | | | |
| EBITDA Margin | 14.5% | 5.6% | 8.7% | 0.0% | -2.7% | -2.7% |
| Net Income Margin | 3.7% | -6.9% | -2.9% | 3.1% | 1.7% | -1.4% |
| CAPEX, % of revenue | 4.7% | 4.2% | | | | 0.0% |
| ROIC | 10.7% | -1.8% | 0.1% | | | 0.0% |
| ROE | 8.2% | -11.2% | -5.4% | | | 0.0% |
| Net Debt/EBITDA | 2.6x | 8.2x | 4.5x | | | 0.0x |
Revenue and profitability
Veejay Lakshmi Engineering Works's Revenue dropped on 24.4% in FY2015.
Net Income marign decreased slightly on 1.4 pp from 3.1% to 1.7% in FY2015.
Appendix 1: Peers in Industrial Machinery
Below we provide Veejay Lakshmi Engineering Works benchmarking against other companies in Industrial Machinery 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 |
|---|
| Lloyd Electric & Engineering ($LLOYDELENG) | | 32.2% | 9.9% | 20.5% | 22.3% |
| Kabra Extrusiontechnik ($KABRAEXTRU) | | -13.3% | -8.7% | 28.4% | 21.6% |
| Akar Tools ($AKARTOOL) | | 21.1% | 2.1% | -2.3% | 16.7% |
| Honda Siel Power Products ($HONDAPOWER) | | 28.1% | 2.4% | 5.0% | 16.5% |
| Mazda ($MAZDALTD) | | 22.1% | 14.7% | -15.6% | 16.2% |
| |
|---|
| Median (24 companies) | -20.2% | 20.1% | 2.1% | 0.9% | 4.7% |
|---|
| Veejay Lakshmi Engineering Works ($VJLAXMIE) | | -28.8% | 5.7% | 26.6% | -24.4% |
Top companies by Gross margin, %
| Top | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Bell Agromachina ($BELAGRO) | | 0.0% | 0.0% | 0.0% | 0.0% |
| |
|---|
| Median (1 company) | | 0.0% | 0.0% | 0.0% | 0.0% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Texmaco Infrastructure & Holdings ($TEXINFRA) | | | | | 40.5% |
| Dhp India ($DHPIND) | | | | | 26.3% |
| Solitaire Machine Tools ($SOLIMAC) | | | | | 19.4% |
| Wendt (India) ($WENDT) | 30.8% | 28.3% | 21.6% | 18.6% | 19.0% |
| Goldstone Infratech ($GOLDINFRA) | | | | | 18.1% |
| |
|---|
| Median (37 companies) | 13.5% | 11.2% | 9.6% | 10.5% | 10.4% |
|---|
| Veejay Lakshmi Engineering Works ($VJLAXMIE) | 14.5% | 5.6% | 8.7% | | -2.7% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Texmaco Infrastructure & Holdings ($TEXINFRA) | | | | | 14.0% |
| Wendt (India) ($WENDT) | 7.2% | 13.5% | 9.0% | 8.8% | 9.4% |
| Ingersoll-Rand (India) ($INGERRAND) | 1.3% | 4.3% | 10.9% | 3.6% | 9.2% |
| Kabra Extrusiontechnik ($KABRAEXTRU) | 5.4% | 6.5% | 1.8% | 0.5% | 8.8% |
| Forbes & Company ($FORBESCO) | 2.8% | 1.8% | 2.6% | 3.0% | 5.1% |
| |
|---|
| Median (20 companies) | 3.4% | 5.8% | 3.8% | 2.9% | 3.2% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Greaves Cotton ($GREAVESCOT) | | | 24.8% | 16.3% | 26.7% |
| Gmm Pfaudler ($GMM) | 14.2% | -76.2% | 6.8% | 17.4% | 18.2% |
| Lakshmi Machine Works ($LAXMIMACH) | 16.8% | 18.0% | 11.7% | 16.2% | 17.6% |
| Honda Siel Power Products ($HONDAPOWER) | 17.3% | 16.9% | 8.8% | 11.5% | 15.3% |
| Wendt (India) ($WENDT) | | 38.2% | 20.2% | 16.2% | 15.1% |
| |
|---|
| Median (46 companies) | 15.2% | 13.1% | 10.9% | 9.2% | 12.5% |
|---|
| Veejay Lakshmi Engineering Works ($VJLAXMIE) | 10.7% | -1.8% | 0.1% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Forbes & Company ($FORBESCO) | 3.5x | 2.2x | 3.3x | 4.7x | 6.3x |
| Nitin Fire Protection Industries ($NITINFIRE) | 2.0x | 3.6x | 3.5x | 3.0x | 3.7x |
| Elgi Equipments ($ELGIEQUIP) | -0.7x | -1.2x | 2.3x | 2.7x | 3.3x |
| Lloyd Electric & Engineering ($LLOYDELENG) | 4.0x | 3.2x | 3.0x | 3.7x | 3.2x |
| Elecon Engineering Co ($ELECON) | 3.1x | 3.0x | 3.2x | 4.0x | 3.1x |
| |
|---|
| Median (32 companies) | 1.1x | 0.6x | 1.5x | 0.0x | 0.0x |
|---|
