Gopala Polyplast reports 74.4% EBITDA growth in 2016 and 2.0 pp EBITDA Margin growth from 3.2% to 5.1%

20-05-2016 • About Gopala Polyplast ($GOPALA) • By InTwits

Gopala Polyplast 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

Gopala Polyplast's Revenue increased on 7.8%. Having declining revenue the company managed to increase EBITDA margin. EBITDA Margin increased on 4.1 pp from 82.8% to 86.9% in FY2016.

Net Income margin increased slightly on 1.8 pp from -1.7% to 0.10% in FY2016.

Financial and operational results

Gopala Polyplast ($GOPALA) key annual financial indicators

mln. INR	2012	2013	2014	2015	2016	2016/2015
P&L
Revenue	1,877	2,197	2,847	2,823	3,044	7.8%
EBITDA	66	100		90	156	74.4%
Net Income	16	18	30	-47	3
Balance Sheet
Cash	3	12
Short Term Debt	244	258
Long Term Debt	134	188
Cash flow
Capex	13
Ratios
Revenue growth	-1.7%	17.0%	29.6%	-0.8%	7.8%
EBITDA growth	189.5%	52.8%			74.4%

EBITDA Margin	3.5%	4.6%		3.2%	5.1%	2.0%
Net Income Margin	0.8%	0.8%	1.1%	-1.7%	0.1%	1.8%
CAPEX, % of revenue	0.7%

ROIC	8.1%	12.0%
ROE	11.7%	10.3%
Net Debt/EBITDA	5.7x	4.3x		0.0x	0.0x

Peers in Containers & Packaging

Below you can find Gopala Polyplast benchmarking vs. other companies in Containers & Packaging 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
Control Print ($CONTROLPR)	-	20.0%	14.1%	23.9%	-
Shri Jagdamba Polymers ($SHRJAGP)	35.5%	38.3%	21.7%	22.7%	-
Kg Petrochem ($KGPETRO)	16.1%	24.0%	20.9%	22.4%	-
Kanpur Plastipack ($KANPRPLA)	57.2%	-4.6%	21.1%	15.9%	-
Emmbi Industries ($EMMBI)	-	36.6%	13.9%	14.8%	13.3%
Median (19 companies)	24.4%	15.3%	13.9%	8.5%	-3.3%
Gopala Polyplast ($GOPALA)	-	17.0%	29.6%	-0.8%	7.8%

Top companies by EBITDA margin, %


Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Control Print ($CONTROLPR)	13.9%	19.2%	22.5%	25.2%	-
Manaksia ($MANAKSIA)	14.4%	17.4%	20.3%	18.6%	-
Essel Propack ($ESSELPRO)	17.0%	17.4%	16.9%	17.2%	19.4%
Time Technoplast ($TIMETECHNO)	15.9%	16.2%	14.1%	13.7%	-
Piramal Glass ($PIRAMGLAS)	23.7%	18.9%	15.5%	13.5%	-
Median (22 companies)	12.9%	11.3%	12.2%	9.4%	13.3%
Gopala Polyplast ($GOPALA)	3.5%	4.6%	-	3.2%	5.1%

Top companies by CAPEX/Revenue, %


Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Control Print ($CONTROLPR)	3.0%	5.0%	7.5%	11.9%	-
Essel Propack ($ESSELPRO)	10.0%	6.7%	8.5%	9.4%	8.9%
Manaksia ($MANAKSIA)	9.0%	4.8%	4.7%	6.5%	-
Piramal Glass ($PIRAMGLAS)	20.7%	6.0%	7.7%	4.6%	-
Time Technoplast ($TIMETECHNO)	17.9%	11.1%	6.2%	4.2%	-
Median (7 companies)	8.9%	6.7%	6.7%	4.6%	8.9%

Top companies by ROIC, %


Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Control Print ($CONTROLPR)	-	19.7%	22.2%	25.2%	-
Essel Propack ($ESSELPRO)	8.6%	9.9%	12.5%	14.7%	16.6%
Time Technoplast ($TIMETECHNO)	12.8%	13.4%	12.0%	12.9%	-
Manaksia ($MANAKSIA)	12.9%	15.5%	16.0%	11.4%	-
Uflex ($UFLEX)	12.5%	9.9%	8.1%	8.4%	-
Median (32 companies)	9.4%	9.9%	11.6%	11.4%	16.6%
Gopala Polyplast ($GOPALA)	8.1%	12.0%	-	-	-

Top companies by Net Debt / EBITDA


Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Hindusthan National Glass & Industries ($HINDNATGLS)	7.4x	15.8x	11.2x	10.6x	-
Piramal Glass ($PIRAMGLAS)	3.1x	4.1x	4.3x	4.2x	-
Uflex ($UFLEX)	2.7x	3.0x	3.2x	2.8x	-
Essel Propack ($ESSELPRO)	3.2x	2.9x	2.6x	2.2x	1.6x
Time Technoplast ($TIMETECHNO)	2.6x	2.6x	2.6x	2.2x	-
Median (20 companies)	3.2x	3.3x	1.5x	0.0x	0.0x
Gopala Polyplast ($GOPALA)	5.7x	4.3x	-	0.0x	0.0x

Gopala Polyplast stock price chart

Gopala Polyplast financials

mln.	FY2010	FY2011	FY2012

Revenue	3,346	1,910	1,877
EBITDA	4.518	22.637	65.527
Net income	-46.478	2.535	15.870
CAPEX	15.516	24.337	12.938
Debt	476.3	322.5	378.4
Cash	2.916	2.224	2.892

About Gopala Polyplast

Gopala Polyplast Limited manufactures and sells polypropylene (PP) woven sacks and woven fabrics primarily in India. The company offers its PP woven sacks for industries, such as cement, fertilizers, sugar, chemicals, food grains, etc. It also provides printed biaxially oriented polypropylene laminated PP woven sacks for packing of chakki atta, rice, fertilizers and chemicals, seeds, grains and pulses, tea and coffee, foods and spices, animal feed, white cement and wall putty, outer packing, and product promotions; and woven fabrics/labels/laces for use in garment manufacturing. The company also exports its products to other countries. Gopala Polyplast Limited was incorporated in 1984 and is based in Gandhinagar, India.