Blue Chip Tex Industries reports 68.1% EBITDA growth in 2016 and 1.3 pp EBITDA Margin growth from 3.5% to 4.8%
16-04-2016 • About Blue Chip Tex Industries (
$BLUECHIPT) • By InTwits
Blue Chip Tex Industries reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: Blue Chip Tex Industries is a fast growth stock: FY2016 revenue growth was 23.7%, 5 year revenue CAGR was 62.8% at FY2016 ROIC .
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Blue Chip Tex Industries's Revenue jumped on 23.7%. Revenue decline was accompanies by EBITDA margin decline. EBITDA Margin dropped on 10.9 pp from 4.5% to -6.4% in FY2016.
Net Income margin showed almost no change in FY2016. Net Income margin grew at 0.36 pp per annum in the last 5 years.
Financial and operational results
Blue Chip Tex Industries ($BLUECHIPT) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 487 | 550 | 714 | 1,116 | 1,380 | 23.7% |
| EBITDA | 17 | 30 | | 39 | 66 | 68.1% |
| Net Income | 2 | 3 | 12 | 17 | 24 | 40.7% |
Balance Sheet
|
|---|
| Cash | 10 | 9 | | | | |
| Short Term Debt | 26 | 15 | | | | |
| Long Term Debt | 53 | 44 | | | | |
Cash flow
|
|---|
Ratios
|
|---|
| Revenue growth | 303.8% | 12.9% | 29.9% | 56.1% | 23.7% | |
| EBITDA growth | | 74.8% | | | 68.1% | |
|
|---|
| EBITDA Margin | 3.5% | 5.4% | | 3.5% | 4.8% | 1.3% |
| Net Income Margin | 0.4% | 0.6% | 1.6% | 1.5% | 1.7% | 0.2% |
|
|---|
| ROIC | | 16.0% | | | | |
| ROE | | 7.9% | | | | |
| Net Debt/EBITDA | 4.1x | 1.7x | | 0.0x | 0.0x |
Peers in Textiles
Below you can find Blue Chip Tex Industries benchmarking vs. other companies in Textiles 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 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Olympia Industries ($OLYMPTX) | -58.0% | -96.6% | 74,809.1% | 1,749.9% | - |
| Shri Dinesh Mills ($SHRIDINE) | 5.0% | 5.1% | -76.5% | 304.9% | - |
| Santaram Spinners ($SANTASPN) | 6.0% | 60.7% | -40.9% | 112.0% | - |
| Asahi Industries ($ASAHIIND) | 36.2% | 23.0% | 24.4% | 103.9% | - |
| Jaybharat Textiles & Real Estate ($JAYTEX) | 17.2% | -26.3% | 0.4% | 38.0% | - |
| |
|---|
| Median (73 companies) | 4.8% | 9.3% | 14.2% | -0.5% | - |
|---|
| Blue Chip Tex Industries ($BLUECHIPT) | - | 12.9% | 29.9% | 56.1% | 23.7% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sil Investments ($SILINV) | - | - | - | 93.8% | - |
| Swadeshi Polytex ($SWADPOL) | - | - | - | 64.4% | - |
| Binny ($BINNY) | - | - | - | 60.9% | - |
| Ruby Mills ($RUBYMILLS) | 28.3% | 25.1% | 28.6% | 29.3% | - |
| Premier Synthetics ($PREMSYN) | - | - | - | 25.9% | - |
| |
|---|
| Median (84 companies) | 6.5% | 9.5% | 9.8% | 7.4% | - |
|---|
| Blue Chip Tex Industries ($BLUECHIPT) | 3.5% | 5.4% | - | 3.5% | 4.8% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Nitin Spinners ($NITINSPIN) | 1.9% | 2.6% | 8.0% | 42.3% | - |
| Maharaja Shree Umaid Mills ($MAHASHR) | 18.6% | 24.1% | 6.8% | 16.8% | - |
| Jindal Worldwide ($JINDWORLD) | 3.0% | 10.5% | 20.7% | 11.6% | - |
| SRF ($SRF) | 0.0% | 18.7% | 20.0% | 11.4% | - |
| Welspun India ($WELSPUNIND) | 5.6% | 7.8% | 16.4% | 10.9% | - |
| |
|---|
| Median (21 companies) | 3.2% | 5.6% | 6.8% | 6.7% | - |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Welspun India ($WELSPUNIND) | 9.3% | 15.6% | 8.5% | 21.9% | - |
| Maharaja Shree Umaid Mills ($MAHASHR) | -0.5% | 9.2% | 8.3% | 20.4% | - |
| Nitin Spinners ($NITINSPIN) | 6.0% | 19.5% | 21.5% | 17.5% | - |
| Sutlej Textiles & Industries ($SUTLEJTEX) | 9.5% | 13.6% | 19.8% | 14.6% | - |
| Arvind ($ARVIND) | 11.3% | 11.2% | 13.7% | 13.2% | - |
| |
|---|
| Median (126 companies) | 3.5% | 9.0% | 9.2% | 9.5% | - |
|---|
| Blue Chip Tex Industries ($BLUECHIPT) | - | 16.0% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bombay Rayon Fashions ($BRFL) | 4.9x | 4.9x | 11.6x | 10.0x | - |
| Ruby Mills ($RUBYMILLS) | 12.6x | 15.3x | 10.8x | 8.6x | - |
| Dcm ($DCM) | 13.5x | 3.5x | 3.7x | 5.5x | - |
| Nahar Spinning Mills ($NAHARSPING) | 70.8x | 3.8x | 3.2x | 4.9x | - |
| Rai Saheb Rekhchand Mohota Spg.& Wvg.Mills ($RAIREKMOH) | 10.0x | 0.0x | 0.0x | 4.6x | - |
| |
|---|
| Median (69 companies) | 3.8x | 3.2x | 0.0x | 0.0x | - |
|---|
| Blue Chip Tex Industries ($BLUECHIPT) | 4.1x | 1.7x | - | 0.0x | 0.0x |
