Aditya Birla Money Net Income dropped on 53.0% while Revenue increased on 6.8%
06-05-2016 • About Aditya Birla Money (
$BIRLAMONEY) • By InTwits
Aditya Birla Money reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: Aditya Birla Money spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 is 0.0%. Average EBITDA Margin for the same period was -2.5%.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Aditya Birla Money's Revenue increased on 6.8%. During the last 5 years Revenue growth topped in FY2015 at 49.0%. Revenue decline was accompanies by EBITDA margin decline. EBITDA Margin dropped on 10.9 pp from 4.5% to -6.4% in FY2016.
Net Income margin decreased on 3.5 pp from 6.3% to 2.8% in FY2016. Net Income margin followed a growing trend at 6.7 pp per annum in FY2012-FY2016.
Financial and operational results
Aditya Birla Money ($BIRLAMONEY) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 970 | 841 | 752 | 1,120 | 1,197 | 6.8% |
| EBITDA | -50 | -123 | -90 | 78 | 64 | -18.4% |
| Net Income | -178 | -153 | -117 | 71 | 33 | -53.0% |
Balance Sheet
|
|---|
| Cash | 236 | 879 | 488 | | | |
| Short Term Debt | 507 | 544 | 99 | | | |
| Long Term Debt | 0 | 0 | 0 | | | |
Cash flow
|
|---|
| Capex | 47 | | | | | |
Ratios
|
|---|
| Revenue growth | -21.5% | -13.3% | -10.6% | 49.0% | 6.8% | |
| EBITDA growth | -150.5% | 146.5% | -26.6% | -186.7% | -18.4% | |
|
|---|
| EBITDA Margin | -5.1% | -14.6% | -12.0% | 7.0% | 5.3% | -1.6% |
| Net Income Margin | -18.4% | -18.2% | -15.6% | 6.3% | 2.8% | -3.5% |
| CAPEX, % of revenue | 4.8% | | | | | |
|
|---|
| ROE | -34.2% | -38.7% | -33.5% | | | |
Peers in Other Financial Services
Below we provide Aditya Birla Money benchmarking against other companies in Other Financial Services 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 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Lkp Finance ($LKPFIN) | - | 20.8% | -4.3% | 89.8% | -28.6% |
| Geojit Bnp Paribas Financial Services ($GEOJITBNPP) | -8.6% | 2.0% | -12.6% | 42.3% | - |
| Jm Financial ($JMFINANCIL) | -2.4% | 19.3% | -3.4% | 39.4% | - |
| Capital First ($CAPF) | 90.7% | 9.9% | 31.5% | 35.8% | - |
| Indiabulls Securities ($IBSEC) | - | 0.1% | 58.0% | 31.6% | -0.5% |
| |
|---|
| Median (10 companies) | 10.3% | 11.8% | 5.9% | 26.5% | -0.5% |
|---|
| Aditya Birla Money ($BIRLAMONEY) | - | -13.3% | -10.6% | 49.0% | 6.8% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Twentyfirst Century Management Services ($21STCENMGM) | - | - | - | 91.9% | - |
| Tcfc Finance ($TCFCFINQ) | - | - | - | 88.4% | - |
| Frontline Securities ($FRONTSEC) | - | - | - | 87.0% | - |
| Shardul Securities ($SHARDUL) | - | - | - | 84.6% | - |
| Wallfort Financial Services ($WALLFORT) | - | - | - | 82.5% | - |
| |
|---|
| Median (31 companies) | 39.8% | 49.3% | 48.8% | 33.7% | 68.9% |
|---|
| Aditya Birla Money ($BIRLAMONEY) | -5.1% | -14.6% | -12.0% | 7.0% | 5.3% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Jm Financial ($JMFINANCIL) | 0.9% | 0.9% | 11.2% | 16.9% | - |
| Geojit Bnp Paribas Financial Services ($GEOJITBNPP) | 5.7% | 7.8% | 3.7% | 4.8% | - |
| Multi Commodity Exchange Of India ($MCX) | 3.8% | 8.8% | 1.7% | 3.8% | 8.8% |
| Crisil ($CRISIL) | 4.4% | 1.6% | 1.7% | 1.9% | - |
| Icra ($ICRA) | 2.0% | 2.1% | 13.2% | 1.5% | - |
| |
|---|
| Median (10 companies) | 3.7% | 1.6% | 1.8% | 1.3% | 8.5% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Crisil ($CRISIL) | 62.5% | 53.7% | 46.4% | 43.1% | - |
| Icra ($ICRA) | 20.7% | 17.0% | 20.9% | 21.1% | - |
| Multi Commodity Exchange Of India ($MCX) | 35.4% | 27.2% | 9.9% | 4.8% | 9.7% |
| Religare Enterprises ($RELIGARE) | 2.0% | 3.4% | 2.7% | 4.1% | - |
| Shardul Securities ($SHARDUL) | - | - | - | - | - |
| |
|---|
| Median (33 companies) | 5.4% | 10.2% | 9.9% | 12.9% | 6.3% |
|---|
| Aditya Birla Money ($BIRLAMONEY) | - | - | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Capital First ($CAPF) | 7.5x | 9.2x | 9.1x | 7.7x | - |
| Religare Enterprises ($RELIGARE) | 9.2x | 6.1x | 7.0x | 7.2x | - |
| Jm Financial ($JMFINANCIL) | 6.4x | 6.4x | 4.8x | 4.8x | - |
| Intec Capital ($INTECCAP) | 5.1x | 4.9x | 4.6x | 4.5x | - |
| Indiabulls Securities ($IBSEC) | 1.6x | 2.5x | 1.9x | 4.0x | 4.0x |
| |
|---|
| Median (29 companies) | -0.1x | 0.7x | 0.0x | 0.0x | 0.0x |
|---|
| Aditya Birla Money ($BIRLAMONEY) | - | - | - | 0.0x | 0.0x |
