Welcast Steels revenue decline accelerated to 12.0% in FY2016 vs. 9.9% a year earliner
20-05-2016 • About Welcast Steels (
$ZWELCAST) • By InTwits
Welcast Steels reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: Welcast Steels is a company in decline: FY2016 revenue growth was -49.8%, 5 years revenue CAGR was -9.9%.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue dropped on 49.8%.
Net Income margin decreased slightly on 1.6 pp from 1.3% to -0.31% in FY2016.
Financial and operational results
Welcast Steels ($ZWELCAST) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 2,173 | 2,413 | 2,377 | 2,377 | 1,193 | -49.8% |
| EBITDA | 67 | 64 | | 61 | | |
| Net Income | 26 | 28 | 30 | 30 | -4 | -112.4% |
Balance Sheet
|
|---|
| Cash | 6 | 64 | | | | |
| Short Term Debt | 81 | 55 | | | | |
| Long Term Debt | 0 | 0 | | | | |
Cash flow
|
|---|
| Capex | 2 | | | | | |
Ratios
|
|---|
| Revenue growth | 8.3% | 11.1% | -1.5% | 0.0% | -49.8% | |
| EBITDA growth | -5.5% | -4.8% | | | | |
|
|---|
| EBITDA Margin | 3.1% | 2.6% | | 2.6% | |
| Net Income Margin | 1.2% | 1.2% | 1.3% | 1.3% | -0.3% | -1.6% |
| CAPEX, % of revenue | 0.1% | | | | | |
|
|---|
| ROIC | 13.5% | 13.6% | | | | |
| ROE | 10.6% | 10.4% | | | | |
| Net Debt/EBITDA | 1.1x | -0.1x | | 0.0x | |
Peers in Other Industrial Products
Below you can find Welcast Steels benchmarking vs. other companies in Other Industrial Products 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 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bharat Forge ($BHARATFORG) | - | -18.8% | 31.7% | 13.5% | 0.3% |
| Simplex Castings ($SIMPLEXCAS) | 6.9% | -6.6% | -21.9% | 7.0% | - |
| Carborundum Universal ($CARBORUNIV) | - | -1.2% | 7.8% | -3.5% | 1.7% |
| Everest Kanto Cylinder ($EKC) | -13.1% | -19.8% | -9.6% | -4.5% | - |
| |
|---|
| Median (4 companies) | -3.1% | -12.7% | -0.9% | 1.7% | 1.0% |
|---|
| Welcast Steels ($ZWELCAST) | - | 11.1% | -1.5% | 0.0% | -49.8% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hindustan Wires ($HINDWRS) | - | - | - | 27.3% | - |
| Bharat Forge ($BHARATFORG) | 16.0% | 15.8% | 15.5% | 18.9% | 18.7% |
| Carborundum Universal ($CARBORUNIV) | 19.7% | 12.3% | 12.2% | 13.2% | 16.0% |
| Hilton Metal Forging ($HILTON) | - | - | - | 7.1% | - |
| Lgb Forge ($LGBFORGE) | - | - | - | 4.6% | - |
| |
|---|
| Median (8 companies) | 16.2% | 12.9% | 12.9% | 5.9% | 17.3% |
|---|
| Welcast Steels ($ZWELCAST) | 3.1% | 2.6% | - | 2.6% | - |
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bharat Forge ($BHARATFORG) | 15.6% | 11.0% | 10.1% | 9.4% | 13.4% |
| Carborundum Universal ($CARBORUNIV) | 8.5% | 10.9% | 3.6% | 3.8% | 8.1% |
| |
|---|
| Median (2 companies) | 9.6% | 10.9% | 4.0% | 6.6% | 10.7% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bharat Forge ($BHARATFORG) | 14.6% | 9.1% | 12.6% | 18.5% | 15.6% |
| Carborundum Universal ($CARBORUNIV) | 25.3% | 11.8% | 10.6% | 11.0% | 15.5% |
| Lgb Forge ($LGBFORGE) | 8.6% | 2.5% | -3.6% | -0.6% | - |
| Expo Gas Containers ($EXPOGAS) | 15.4% | 12.0% | - | - | - |
| Gujarat Intrux ($GUJINTRX) | 26.0% | 23.7% | 19.7% | - | - |
| |
|---|
| Median (12 companies) | 14.6% | 9.9% | 10.6% | 11.0% | 15.5% |
|---|
| Welcast Steels ($ZWELCAST) | 13.5% | 13.6% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Lgb Forge ($LGBFORGE) | 4.4x | 3.7x | 4.0x | 5.9x | 0.0x |
| Bharat Forge ($BHARATFORG) | 2.6x | 3.0x | 2.2x | 1.3x | 1.7x |
| Carborundum Universal ($CARBORUNIV) | 0.8x | 1.5x | 1.2x | 0.7x | 0.6x |
| Hindustan Wires ($HINDWRS) | - | - | - | 0.0x | - |
| Everest Kanto Cylinder ($EKC) | 4.5x | - | - | 0.0x | - |
| |
|---|
| Median (6 companies) | 2.6x | 1.8x | 0.0x | 0.3x | 0.6x |
|---|
| Welcast Steels ($ZWELCAST) | 1.1x | -0.1x | - | 0.0x | - |
