Chemfab Alkalis Net Income dropped on 15.3% and Revenue decreased on 8.0%
18-05-2016 • About Chemfab Alkalis (
$CHEMFALKAL) • By InTwits
Chemfab Alkalis reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue decreased on 8.0%. Revenue decline happened at the same time with EBITDA margin expansion. EBITDA Margin increased on 3.4 pp from 19.8% to 23.2% in FY2016.
Net Income margin decreased slightly on 0.74 pp from 9.3% to 8.6% in FY2016. During FY2012-FY2016 Net Income margin topped in FY2013 at 20.4% and was declining since that time.
Management team
V M Srinivasan is a Chemfab Alkalis's CEO. V M Srinivasan has spent 5 years with the company.
Financial and operational results
Chemfab Alkalis ($CHEMFALKAL) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 787 | 1,152 | 1,121 | 1,099 | 1,011 | -8.0% |
| EBITDA | 176 | 379 | 271 | 218 | 234 | 7.6% |
| Net Income | 75 | 235 | 164 | 102 | 87 | -15.3% |
Balance Sheet
|
|---|
| Cash | 27 | 26 | 17 | | | |
| Short Term Debt | 0 | 0 | 242 | | | |
| Long Term Debt | 0 | 0 | 0 | | | |
Cash flow
|
|---|
| Capex | 17 | 182 | 623 | | | |
Ratios
|
|---|
| Revenue growth | -1.6% | 46.3% | -2.8% | -2.0% | -8.0% | |
| EBITDA growth | 15.8% | 115.5% | -28.4% | -19.8% | 7.6% | |
|
|---|
| EBITDA Margin | 22.3% | 32.9% | 24.2% | 19.8% | 23.2% | 3.4% |
| Net Income Margin | 9.5% | 20.4% | 14.7% | 9.3% | 8.6% | -0.7% |
| CAPEX, % of revenue | 2.2% | 15.8% | 55.6% | | | |
|
|---|
| ROIC | 10.9% | 29.9% | 15.9% | | | |
| ROE | 8.9% | 24.2% | 14.5% | | | |
| Net Debt/EBITDA | -0.2x | -0.1x | 0.8x | 0.0x | 0.0x |
Peers in Commodity Chemicals
Below you can find Chemfab Alkalis benchmarking vs. other companies in Commodity Chemicals 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 |
|---|
| Tuticorin Alkali Chemicals & Fertilisers ($TUTIALKA) | 354.1% | -27.9% | -83.3% | 408.0% | - |
| Jayshree Chemicals ($JAYCH) | 288.9% | 17.5% | -75.2% | 262.3% | - |
| Jagran Production ($JAGPRO) | 589.4% | 4.4% | 514.9% | 192.3% | - |
| Shree Hari Chemicals Export ($SHHARICH) | -2.5% | -78.0% | 299.5% | 111.6% | - |
| Jindal Poly Films ($JINDPOLBBPH) | -17.2% | -6.3% | 131.7% | 46.9% | - |
| |
|---|
| Median (37 companies) | 22.1% | 9.7% | 11.5% | 6.3% | -1.6% |
|---|
| Chemfab Alkalis ($CHEMFALKAL) | - | 46.3% | -2.8% | -2.0% | -8.0% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Riddhi Siddhi Gluco Biols ($RIDDHI) | - | - | - | 104.7% | - |
| Mysore Petro Chemicals ($MYSORPETRO) | - | - | - | 47.1% | - |
| Aditya Birla Chemicals (India) ($ABCIL) | 26.8% | 27.1% | 23.6% | 21.9% | - |
| Indo Borax & Chemicals ($INDOBORAX) | - | - | - | 21.3% | - |
| Ganesh Benzoplast ($GANESHBE) | 34.1% | 35.9% | - | 18.9% | - |
| |
|---|
| Median (50 companies) | 9.6% | 8.3% | 8.5% | 6.6% | 10.8% |
|---|
| Chemfab Alkalis ($CHEMFALKAL) | 22.3% | 32.9% | 24.2% | 19.8% | 23.2% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kanoria Chemicals & Industries ($KANORICHEM) | 25.1% | 6.0% | 13.4% | 40.3% | - |
| Aditya Birla Chemicals (India) ($ABCIL) | 136.9% | 24.2% | 30.8% | 15.0% | - |
| Aarti Industries ($AARTIIND) | 8.0% | 11.2% | 11.0% | 10.4% | 16.8% |
| Alkyl Amines Chemicals ($ALKYLAMINE) | 5.1% | 6.6% | 5.9% | 8.6% | - |
| Sukhjit Starch & Chemicals ($SUKHJITS) | 15.7% | 9.4% | 5.4% | 5.4% | - |
| |
|---|
| Median (22 companies) | 5.3% | 6.3% | 5.4% | 3.2% | 5.0% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bodal Chemicals ($BODALCHEM) | -1.3% | 3.3% | 39.0% | 38.3% | - |
| Elantas Beck India ($ELANTAS) | 20.4% | 33.9% | 31.0% | 36.6% | - |
| Alkyl Amines Chemicals ($ALKYLAMINE) | 16.0% | 18.7% | 25.0% | 23.7% | - |
| Aarti Industries ($AARTIIND) | 15.9% | 19.1% | 17.2% | 17.9% | 19.3% |
| Transpek Industry ($TRANSPEK) | -1.7% | 14.2% | 11.0% | 17.8% | - |
| |
|---|
| Median (60 companies) | 9.0% | 9.5% | 8.9% | 8.8% | 18.6% |
|---|
| Chemfab Alkalis ($CHEMFALKAL) | 10.9% | 29.9% | 15.9% | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Iol Chemicals & Pharmaceuticals ($IOLCP) | 5.8x | 4.5x | 3.7x | 35.4x | 8.8x |
| India Glycols ($INDIAGLYCO) | 4.8x | 3.7x | 8.5x | 14.2x | - |
| Godrej Industries ($GODREJIND) | 9.9x | 5.7x | 7.9x | 10.7x | - |
| Kanoria Chemicals & Industries ($KANORICHEM) | 5.2x | 9.6x | 3.5x | 9.4x | - |
| Garware Polyester ($GARWARPOLY) | 2.2x | 3.8x | 4.0x | 5.2x | - |
| |
|---|
| Median (37 companies) | 2.6x | 3.2x | 1.4x | 1.1x | 0.5x |
|---|
| Chemfab Alkalis ($CHEMFALKAL) | -0.2x | -0.1x | 0.8x | 0.0x | 0.0x |
