Gujarat Foils reports 7.3% revenue decline in FY2016
28-04-2016 • About Gujarat Foils (
$GUJFOIL) • By InTwits
Gujarat Foils reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: EBITDA Margin is declining: in FY2016 vs. in FY2015 vs. in FY2012.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue decreased on 7.3%. During the last 5 years Revenue growth topped in FY2013 at 31.4% and was decelerating since that time.
Net Income margin decreased slightly on 1.7 pp from 1.4% to -0.35% in FY2016. During FY2012-FY2016 Net Income margin topped in FY2014 at 2.1% and was declining since that time.
Management team
The company's CFO Jitendra Jain has spent 4 years with the company.
Financial and operational results
Gujarat Foils ($GUJFOIL) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 2,612 | 3,434 | 4,299 | 4,866 | 4,511 | -7.3% |
| EBITDA | | 424 | 501 | | | |
| Net Income | 23 | 60 | 92 | 67 | -16 | -123.2% |
Balance Sheet
|
|---|
| Cash | | 88 | | | | |
| Short Term Debt | | 1,039 | | | | |
| Long Term Debt | | 626 | | | | |
Cash flow
|
|---|
Ratios
|
|---|
| Revenue growth | 16.7% | 31.4% | 25.2% | 13.2% | -7.3% | |
| EBITDA growth | | | 18.2% | | | |
|
|---|
| EBITDA Margin | | 12.3% | 11.7% | | |
| Net Income Margin | 0.9% | 1.8% | 2.1% | 1.4% | -0.3% | -1.7% |
|
|---|
| Net Debt/EBITDA | | 3.7x | 0.0x | | |
Peers in Aluminium
Below we provide Gujarat Foils benchmarking against other companies in Aluminium 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 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Alicon Castalloy ($ALICON) | 47.1% | 11.9% | 1.5% | 34.0% | - |
| Pg Foils ($PGFOILQ) | 36.1% | -4.3% | 2.6% | 21.9% | - |
| Hindalco Industries ($HINDALCO) | 12.7% | -1.0% | 9.0% | 18.4% | - |
| Bothra Metals & Alloys ($BMAL) | 12.1% | 57.0% | 27.3% | 15.3% | - |
| |
|---|
| Median (4 companies) | 24.4% | 5.5% | 5.8% | 20.2% | - |
|---|
| Gujarat Foils ($GUJFOIL) | - | 31.4% | 25.2% | 13.2% | -7.3% |
Top companies by EBITDA margin, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Alicon Castalloy ($ALICON) | 9.8% | 8.8% | 10.0% | 9.9% | - |
| Tentiwal Wire Products ($TWPL) | - | - | - | 9.7% | - |
| Hindalco Industries ($HINDALCO) | 10.9% | 10.3% | 9.3% | 8.7% | - |
| Bothra Metals & Alloys ($BMAL) | 6.5% | 5.1% | 3.6% | 4.3% | - |
| |
|---|
| Median (4 companies) | 8.1% | 7.0% | 6.5% | 9.2% | - |
|---|
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Alicon Castalloy ($ALICON) | 8.4% | 3.7% | 5.2% | 12.0% | - |
| Hindalco Industries ($HINDALCO) | 15.5% | 14.8% | 10.8% | 5.8% | - |
| |
|---|
| Median (2 companies) | 6.8% | 9.3% | 8.0% | 8.9% | - |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Alicon Castalloy ($ALICON) | 16.4% | 13.0% | 14.8% | 16.7% | - |
| Hindalco Industries ($HINDALCO) | 8.6% | 6.2% | 4.6% | 4.9% | - |
| Tentiwal Wire Products ($TWPL) | 12.5% | 12.6% | - | - | - |
| Sacheta Metals ($SACHEMT) | -3.1% | - | - | - | - |
| Bothra Metals & Alloys ($BMAL) | 15.2% | 13.8% | - | - | - |
| |
|---|
| Median (6 companies) | 10.5% | 12.6% | 9.7% | 10.8% | - |
|---|
| Gujarat Foils ($GUJFOIL) | - | - | - | - | - |
Top companies by Net Debt / EBITDA
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hindalco Industries ($HINDALCO) | 4.3x | 6.6x | 7.5x | 7.2x | - |
| Alicon Castalloy ($ALICON) | 2.3x | 2.1x | 2.0x | 2.3x | - |
| Tentiwal Wire Products ($TWPL) | 4.9x | 5.2x | 0.0x | 0.0x | - |
| Bothra Metals & Alloys ($BMAL) | 4.1x | 3.1x | 0.0x | 0.0x | - |
| |
|---|
| Median (4 companies) | 4.6x | 4.2x | 0.0x | 1.1x | - |
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