Trigyn Technologies EBITDA surged on 71.8% and EBITDA Margin increased on 2.6 pp from 7.4% to 10.0%
17-05-2016 • About Trigyn Technologies (
$TRIGYN) • By InTwits
Trigyn Technologies reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: Trigyn Technologies is a fast growth stock: FY2016 revenue growth was 26.9%, 5 year revenue CAGR was 21.7% at FY2016 ROIC .
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue surged on 26.9%. Despite revenue decline the EBITDA margin expanded. EBITDA Margin increased slightly on 0.56 pp from -0.99% to -0.44% in FY2016.
Net Income margin increased slightly on 1.2 pp from 5.0% to 6.2% in FY2016.
Leverage (Debt)
The company has no debt. Cash jumped.
Valuation and dividends
Trigyn Technologies's trades at EV/EBITDA 3.0x and P/E 6.6x while industy averages are 17.8x and 21.9x.
Financial and operational results
Trigyn Technologies ($TRIGYN) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 2,739 | 3,481 | 4,517 | 4,929 | 6,254 | 26.9% |
| EBITDA | 158 | 223 | 429 | 363 | 624 | 71.8% |
| Net Income | 107 | 157 | 807 | 245 | 385 | 57.4% |
Balance Sheet
|
|---|
| Cash | 86 | 122 | 94 | | 670 | |
| Short Term Debt | 0 | | 0 | | 0 | |
| Long Term Debt | 5 | 5 | 0 | | 0 | |
Cash flow
|
|---|
| Capex | 101 | | | | | |
Ratios
|
|---|
| Revenue growth | 16.8% | 27.1% | 29.8% | 9.1% | 26.9% | |
| EBITDA growth | 9.9% | 40.8% | 92.5% | -15.3% | 71.8% | |
|
|---|
| EBITDA Margin | 5.8% | 6.4% | 9.5% | 7.4% | 10.0% | 2.6% |
| Net Income Margin | 3.9% | 4.5% | 17.9% | 5.0% | 6.2% | 1.2% |
| CAPEX, % of revenue | 3.7% | | | | | |
|
|---|
| ROIC | 15.2% | 21.1% | 26.2% | | | |
| ROE | 14.6% | 17.4% | 50.4% | | | |
| Net Debt/EBITDA | -0.5x | -0.5x | -0.2x | 0.0x | -1.1x |
Peers in IT Software Products
Below we provide Trigyn Technologies benchmarking against other companies in IT Software Products 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 |
|---|
| Twinstar Industries ($TWINSTAR) | 204.5% | 59.8% | 38.8% | 40.3% | - |
| Atishay Infotech ($ATISHAY) | -25.4% | 6.9% | 21.8% | 28.2% | - |
| Dion Global Solutions ($DION) | 40.4% | 40.8% | -9.5% | 27.8% | - |
| Avance Technologies ($AVANCE) | -11.7% | -17.9% | -30.8% | 20.3% | - |
| Softsol India ($SOFTSOL) | -10.4% | 9.3% | -20.4% | 14.1% | - |
| |
|---|
| Median (16 companies) | 13.1% | 15.4% | 14.2% | 9.7% | -1.4% |
|---|
| Trigyn Technologies ($TRIGYN) | - | 27.1% | 29.8% | 9.1% | 26.9% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Atishay Infotech ($ATISHAY) | 35.7% | 28.1% | 25.8% | 24.5% | - |
| Subex ($SUBEX) | 27.3% | 17.0% | 24.9% | 23.6% | 20.8% |
| Tata Elxsi ($TATAELXSI) | 13.8% | 11.9% | 17.6% | 20.9% | 23.0% |
| Cambridge Technology Enterprises ($CTE) | - | - | - | 20.9% | - |
| Virinchi Technologies ($VIRNICHIQ) | - | - | - | 17.4% | - |
| |
|---|
| Median (23 companies) | 9.6% | 9.4% | 10.2% | 9.4% | 16.6% |
|---|
| Trigyn Technologies ($TRIGYN) | 5.8% | 6.4% | 9.5% | 7.4% | 10.0% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Aurionpro Solutions ($AURIONPRO) | 17.5% | 12.3% | 12.6% | 13.4% | - |
| Mastek ($MASTKBBPH) | 2.2% | - | 0.0% | 4.9% | 2.4% |
| Dion Global Solutions ($DION) | 39.9% | 11.9% | 29.6% | 4.0% | - |
| Tata Elxsi ($TATAELXSI) | 5.3% | 5.4% | 3.1% | 3.9% | 3.6% |
| Polaris Financial Technology ($POLARIS) | 7.2% | 2.5% | 1.5% | 3.9% | 1.6% |
| |
|---|
| Median (10 companies) | 3.9% | 5.4% | 2.3% | 3.0% | 2.0% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Tata Elxsi ($TATAELXSI) | 22.5% | 19.1% | 38.3% | 55.4% | 65.9% |
| Mindteck (India) ($MINDTECK) | -2.6% | 1.2% | 20.0% | 17.5% | - |
| Blue Star Infotech ($BLUESTINFO) | - | 7.1% | 16.3% | 17.4% | - |
| Polaris Financial Technology ($POLARIS) | 19.5% | 15.1% | 12.6% | 16.2% | 24.8% |
| Aurionpro Solutions ($AURIONPRO) | 8.6% | 8.6% | 5.9% | 12.1% | - |
| |
|---|
| Median (31 companies) | 3.8% | 4.7% | 14.4% | 12.1% | 15.9% |
|---|
| Trigyn Technologies ($TRIGYN) | 15.2% | 21.1% | 26.2% | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Subex ($SUBEX) | 4.6x | 13.1x | 8.5x | 8.0x | 0.9x |
| Dion Global Solutions ($DION) | 11.8x | 11.3x | - | 7.4x | - |
| Aurionpro Solutions ($AURIONPRO) | 1.7x | 1.7x | 1.9x | 1.2x | - |
| Saksoft ($SAKSOFT) | 2.8x | 2.3x | 0.0x | 1.2x | - |
| Datamatics Global Services ($DATAMATICS) | 0.5x | 0.3x | 0.5x | 0.3x | - |
| |
|---|
| Median (19 companies) | 0.7x | 0.0x | 0.0x | 0.0x | -0.4x |
|---|
| Trigyn Technologies ($TRIGYN) | -0.5x | -0.5x | -0.2x | 0.0x | -1.1x |
