Orbit Corporation revenue dropped on 98.6%
18-05-2016 • About Orbit Corporation (
$ORBITCORP) • By InTwits
Orbit Corporation reported FY2016 financial results today. Here are the key drivers of the company's long term financial model: Orbit Corporation is a company in decline: FY2016 revenue growth was -98.6%, 5 years revenue CAGR was -65.8%.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Orbit Corporation's Revenue dropped on 98.6%.
Net Income margin dropped on 19,426 pp from -75.2% to -19,501% in FY2016.
Financial and operational results
Orbit Corporation ($ORBITCORP) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 3,826 | 2,990 | 360 | 1,351 | 19 | -98.6% |
| EBITDA | 1,622 | 1,592 | -458 | 943 | | |
| Net Income | 117 | 75 | -1,562 | -1,016 | -3,623 | |
Balance Sheet
|
|---|
| Cash | 723 | 85 | 69 | | | |
| Short Term Debt | 958 | 4,751 | 6,245 | | | |
| Long Term Debt | 2,438 | 4,367 | 4,252 | | | |
Cash flow
|
|---|
| Capex | 15 | 14 | 23 | | | |
Ratios
|
|---|
| Revenue growth | -4.2% | -21.9% | -88.0% | 275.1% | -98.6% | |
| EBITDA growth | -24.9% | -1.8% | -128.8% | -305.8% | | |
|
|---|
| EBITDA Margin | 42.4% | 53.3% | -127.2% | 69.8% | |
| Net Income Margin | 3.1% | 2.5% | -433.9% | -75.2% | -19,501.0% | -19,425.8% |
| CAPEX, % of revenue | 0.4% | 0.5% | 6.5% | | | |
|
|---|
| ROIC | 8.3% | 8.1% | -2.4% | | | |
| ROE | 1.2% | 0.7% | -16.0% | | | |
| Net Debt/EBITDA | 1.6x | 5.7x | | 0.0x | |
Peers in Realty
Below we provide Orbit Corporation benchmarking against other companies in Realty 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 |
|---|
| Sspdl ($SSPDL) | 16.2% | -11.8% | -43.4% | 326.1% | - |
| Ajmera Realty & Infra India ($AJMERA) | 21.3% | -61.7% | -1.8% | 109.9% | - |
| Prajay Engineers Syndicate ($PRAENG) | -21.1% | 42.0% | -30.1% | 62.8% | - |
| Godrej Properties ($GODREJPROP) | - | 34.7% | 13.7% | 56.3% | 35.9% |
| Poddar Developers ($PODDARDEV) | - | 63.9% | 152.9% | 56.0% | 35.7% |
| |
|---|
| Median (34 companies) | 0.3% | 5.6% | -1.8% | 11.4% | 29.7% |
|---|
| Orbit Corporation ($ORBITCORP) | - | -21.9% | -88.0% | 275.1% | -98.6% |
Top companies by Gross margin, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Godrej Properties ($GODREJPROP) | 24.9% | 33.3% | 28.9% | 19.4% | 14.7% |
| |
|---|
| Median (1 company) | 24.9% | 33.3% | 28.9% | 19.4% | 14.7% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hubtown ($HUBTOWN) | 53.3% | 72.4% | 67.6% | 82.4% | - |
| Housing Development & Infrastructure ($HDIL) | 75.8% | 40.6% | 102.5% | 78.9% | - |
| Tci Developers ($TCIDEVELOP) | - | - | - | 75.9% | - |
| Oberoi Realty ($OBEROIRLTY) | 59.3% | 58.9% | 54.5% | 56.4% | 47.7% |
| The Phoenix Mills ($PHOENIXLTD) | 54.7% | 56.2% | 46.9% | 46.2% | 47.5% |
| |
|---|
| Median (43 companies) | 19.4% | 13.4% | 20.1% | 19.4% | 22.0% |
|---|
| Orbit Corporation ($ORBITCORP) | 42.4% | 53.3% | -127.2% | 69.8% | - |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Prozone Intu Properties ($PROZONINTU) | - | - | - | 89.5% | - |
| Ashiana Housing ($ASHIANA) | - | - | - | 26.7% | - |
| Brigade Enterprises ($BRIGADE) | 45.7% | 10.7% | 17.0% | 18.5% | 56.3% |
| Prestige Estates Projects ($PRESTIGE) | 37.7% | 30.2% | 18.8% | 11.6% | - |
| Parsvnath Developers ($PARSVNATH) | 15.9% | - | 11.6% | 10.6% | - |
| |
|---|
| Median (31 companies) | 4.9% | 2.6% | 3.5% | 2.4% | 2.5% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ahluwalia Contracts (India) ($AHLUCONT) | -3.2% | -15.8% | 5.6% | 21.2% | - |
| Poddar Developers ($PODDARDEV) | 3.9% | 2.6% | 12.9% | 19.1% | 7.5% |
| Lancor Holdings ($LANCORHOL) | 18.0% | 11.6% | 19.5% | 17.7% | - |
| Mahindra Lifespace Developers ($MAHLIFE) | 10.4% | 11.7% | 6.6% | 14.9% | 4.6% |
| Sobha Developers ($SOBHA) | 18.8% | 16.7% | 14.6% | 12.7% | - |
| |
|---|
| Median (50 companies) | 5.7% | 4.6% | 5.7% | 6.8% | 6.7% |
|---|
| Orbit Corporation ($ORBITCORP) | 8.3% | 8.1% | -2.4% | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| D B Realty ($DBREALTY) | 13.2x | 135.4x | 14.0x | 54.8x | - |
| B.L.Kashyap And Sons ($BLKASHYAP) | 8.2x | 5.8x | 12.7x | 40.1x | - |
| Vipul ($VIPUL) | 0.7x | 3.0x | 10.8x | 26.0x | - |
| Ansal Properties & Infrastructure ($ANSALAPI) | 12.8x | 11.9x | 11.4x | 16.6x | - |
| Srs Real Infrastructure ($SRSREAL) | 11.7x | 10.0x | 12.9x | 14.7x | - |
| |
|---|
| Median (37 companies) | 5.3x | 4.8x | 5.0x | 4.0x | 4.1x |
|---|
| Orbit Corporation ($ORBITCORP) | 1.6x | 5.7x | - | 0.0x | - |
