Ennore Coke revenue dropped on 79.5% and EBITDA Margin dropped on 29.4 pp from -22.7% to -52.2%
20-05-2016 • About Ennore Coke (
$ENNORE) • By InTwits
Ennore Coke reported FY2016 financial results today. Here are the key drivers of the company's long term financial model:
- Ennore Coke is a company in decline: FY2016 revenue growth was -79.5%, 5 years revenue CAGR was -36.3%
- The company operates at negative EBITDA Margin: -52.2%
- Ennore Coke spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 is 0.0%. Average EBITDA Margin for the same period was -5.6%
- It operates with high leverage: Net Debt/EBITDA is 2.1x while industry average is 0.2x
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Ennore Coke's Revenue dropped on 79.5%. Revenue decline was worsened by EBITDA margin decline. EBITDA Margin dropped on 29.4 pp from -22.7% to -52.2% in FY2016.
Net Income margin dropped on 88.6 pp from -15.7% to -104% in FY2016.
Financial and operational results
Ennore Coke ($ENNORE) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 6,327 | 3,446 | 4,618 | 3,411 | 701 | -79.5% |
| EBITDA | 379 | -279 | | -776 | -366 | |
| Net Income | 20 | -398 | -361 | -536 | -731 | |
Balance Sheet
|
|---|
| Cash | 269 | 555 | | | | |
| Short Term Debt | 1,582 | 2,519 | | | | |
| Long Term Debt | 195 | 1,280 | | | | |
Cash flow
|
|---|
Ratios
|
|---|
| Revenue growth | -5.0% | -45.5% | 34.0% | -26.1% | -79.5% | |
| EBITDA growth | 50.5% | -173.6% | | | -52.9% | |
|
|---|
| EBITDA Margin | 6.0% | -8.1% | | -22.7% | -52.2% | -29.4% |
| Net Income Margin | 0.3% | -11.5% | -7.8% | -15.7% | -104.3% | -88.6% |
|
|---|
| ROIC | 9.3% | -14.5% | | | | |
| ROE | 4.0% | -128.3% | | | | |
| Net Debt/EBITDA | 4.0x | | | | |
Peers in Comm.Trading & Distribution
Below we provide Ennore Coke benchmarking against other companies in Comm.Trading & Distribution 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 |
|---|
| Shri Krishna Prasadam ($SKP) | 69.6% | 57.3% | 1,074.7% | 148.2% | - |
| Sunil Industries ($SUNILTX) | 15.9% | 57.2% | 12.1% | 59.6% | - |
| Gagan Polycot India ($GAGANPO) | -59.4% | 76.3% | 18.2% | 43.2% | - |
| Ptl Enterprises ($PTL) | - | 12.6% | 17.7% | 35.1% | -2.4% |
| Parker Agrochem Exports ($PARKERAC) | -77.2% | 1,542.3% | 39.1% | 33.1% | - |
| |
|---|
| Median (19 companies) | 4.1% | 13.6% | 12.9% | 12.6% | 3.5% |
|---|
| Ennore Coke ($ENNORE) | - | -45.5% | 34.0% | -26.1% | -79.5% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hexa Tradex ($HEXATRADEX) | - | - | - | 48.1% | - |
| Indiabulls Wholesale Services ($IBWSL) | 30.8% | 25.9% | 19.4% | 21.4% | 27.6% |
| Bombay Cycle & Motor Agency ($BOMBCYC) | - | - | - | 19.5% | - |
| Ptl Enterprises ($PTL) | 26.6% | 22.7% | 21.6% | 18.5% | 20.9% |
| Remi Elektrotechnik ($REMIELEK) | - | - | - | 15.1% | - |
| |
|---|
| Median (37 companies) | 2.8% | 2.8% | 2.2% | 2.4% | 20.9% |
|---|
| Ennore Coke ($ENNORE) | 6.0% | -8.1% | - | -22.7% | -52.2% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ptl Enterprises ($PTL) | 5.0% | 4.5% | 2.4% | 4.2% | 5.8% |
| Maxwell Industries ($MAXWELL) | 0.9% | 1.9% | 2.4% | 1.8% | - |
| Redington (India) ($REDINGTON) | 0.2% | 0.7% | 0.2% | 0.2% | - |
| Mmtc ($MMTC) | 0.0% | 0.1% | 0.1% | 0.1% | - |
| Kothari Products ($KOTHARIPRO) | 2.5% | 0.1% | 0.2% | 0.0% | 0.1% |
| |
|---|
| Median (5 companies) | 0.4% | 0.1% | 0.2% | 0.2% | 2.9% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ptl Enterprises ($PTL) | 18.5% | 19.5% | 21.1% | 22.1% | 12.8% |
| Redington (India) ($REDINGTON) | 17.2% | 16.0% | 16.3% | 15.3% | - |
| Risa International ($RISAINTL) | - | -0.2% | 14.8% | 11.9% | - |
| Maxwell Industries ($MAXWELL) | 9.0% | 6.6% | 9.6% | 11.2% | - |
| Kothari Products ($KOTHARIPRO) | 23.4% | 20.0% | 28.3% | 10.6% | 11.7% |
| |
|---|
| Median (52 companies) | 4.5% | 5.0% | 9.6% | 11.2% | 12.2% |
|---|
| Ennore Coke ($ENNORE) | 9.3% | -14.5% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Maxwell Industries ($MAXWELL) | 3.7x | 5.8x | 3.5x | 3.3x | - |
| Redington (India) ($REDINGTON) | 2.6x | 2.6x | 1.7x | 1.9x | - |
| Kothari Products ($KOTHARIPRO) | 1.2x | 0.6x | 0.4x | 1.4x | 1.5x |
| Ptl Enterprises ($PTL) | 2.2x | 2.0x | 2.0x | 1.2x | 0.5x |
| Rama Vision ($RAMAVISION) | -1.8x | 0.3x | 0.0x | 0.0x | - |
| |
|---|
| Median (30 companies) | 1.6x | 1.8x | 0.0x | 0.0x | 0.2x |
|---|
