Eskay K'N'It (India) revenue decline accelerated to 80.2% in FY2016 vs. 18.2% a year earliner
25-05-2016 • About Eskay K'N'It (India) (
$ESKAY) • By InTwits
Eskay K'N'It (India) reported FY2016 financial results today. Here are the key drivers of the company's long term financial model:
- Eskay K'N'It (India) is a company in decline: FY2016 revenue growth was -80.2%, 5 years revenue CAGR was -38.3%
- Eskay K'N'It (India) spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 is 0.0%. Average EBITDA Margin for the same period was -6.8%
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Eskay K'N'It (India)'s Revenue dropped on 80.2%. Despite revenue decline the EBITDA margin expanded. EBITDA Margin jumped on 40.4 pp from -39.3% to 1.1% in FY2016. During the last 5 years EBITDA Margin bottomed in FY2015 at -39.3%.
Net Income margin dropped on 36.0 pp from -57.0% to -93.0% in FY2016. Net Income margin followed a declining trend at -21.0 pp per annum in the last 5 years.
Financial and operational results
Eskay K'N'It (India) ($ESKAY) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 10,515 | 6,310 | 5,139 | 4,205 | 831 | -80.2% |
| EBITDA | 681 | -327 | -552 | -1,652 | 9 | |
| Net Income | -563 | -1,420 | -1,486 | -2,396 | -773 | |
Balance Sheet
|
|---|
| Cash | 11 | 8 | | | | |
| Short Term Debt | 2,520 | 2,518 | | | | |
| Long Term Debt | 2,019 | 2,581 | | | | |
Cash flow
|
|---|
| Capex | 0 | | | | | |
Ratios
|
|---|
| Revenue growth | 13.0% | -40.0% | -18.5% | -18.2% | -80.2% | |
| EBITDA growth | -42.4% | -148.0% | 68.8% | 199.4% | -100.5% | |
|
|---|
| EBITDA Margin | 6.5% | -5.2% | -10.7% | -39.3% | 1.1% | 40.4% |
| Net Income Margin | -5.4% | -22.5% | -28.9% | -57.0% | -93.0% | -36.0% |
|
|---|
| ROIC | -1.8% | -13.6% | | | | |
| ROE | -18.8% | -71.1% | | | | |
| Net Debt/EBITDA | 6.6x | | | | 0.0x |
Peers in Textiles
Below you can find Eskay K'N'It (India) benchmarking vs. other companies in Textiles 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 |
|---|
| Olympia Industries ($OLYMPTX) | -58.0% | -96.6% | 74,809.1% | 1,749.9% | - |
| Shri Dinesh Mills ($SHRIDINE) | 5.0% | 5.1% | -76.5% | 304.9% | - |
| Santaram Spinners ($SANTASPN) | 6.0% | 60.7% | -40.9% | 112.0% | - |
| Asahi Industries ($ASAHIIND) | - | 23.0% | 24.4% | 103.9% | -47.3% |
| Blue Chip Tex Industries ($BLUECHIPT) | - | 12.9% | 29.9% | 56.1% | 23.7% |
| |
|---|
| Median (74 companies) | 4.5% | 9.7% | 14.5% | 0.2% | -2.7% |
|---|
| Eskay K'N'It (India) ($ESKAY) | - | -40.0% | -18.5% | -18.2% | -80.2% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sil Investments ($SILINV) | - | - | - | 93.8% | - |
| Swadeshi Polytex ($SWADPOL) | - | - | - | 64.4% | - |
| Binny ($BINNY) | - | - | - | 60.9% | - |
| Ruby Mills ($RUBYMILLS) | 28.3% | 25.1% | 28.6% | 29.3% | - |
| Premier Synthetics ($PREMSYN) | - | - | - | 25.9% | - |
| |
|---|
| Median (85 companies) | 6.2% | 9.5% | 9.8% | 7.4% | 9.3% |
|---|
| Eskay K'N'It (India) ($ESKAY) | 6.5% | -5.2% | -10.7% | -39.3% | 1.1% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Nitin Spinners ($NITINSPIN) | 1.9% | 2.6% | 8.0% | 42.3% | 4.7% |
| Maharaja Shree Umaid Mills ($MAHASHR) | 18.6% | 24.1% | 6.8% | 16.8% | - |
| Jindal Worldwide ($JINDWORLD) | 3.0% | 10.5% | 20.7% | 11.6% | - |
| SRF ($SRF) | 0.0% | 18.7% | 20.0% | 11.4% | 13.0% |
| Welspun India ($WELSPUNIND) | 5.6% | 7.8% | 16.4% | 10.9% | 17.7% |
| |
|---|
| Median (21 companies) | 3.4% | 5.6% | 6.8% | 6.7% | 5.4% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Welspun India ($WELSPUNIND) | 9.3% | 15.6% | 8.5% | 21.9% | 25.2% |
| Maharaja Shree Umaid Mills ($MAHASHR) | -0.5% | 9.2% | 8.3% | 20.4% | - |
| Nitin Spinners ($NITINSPIN) | 6.0% | 19.5% | 21.5% | 17.5% | 17.8% |
| Sutlej Textiles & Industries ($SUTLEJTEX) | 9.5% | 13.6% | 19.8% | 14.6% | 14.4% |
| Arvind ($ARVIND) | 11.3% | 11.2% | 13.7% | 13.2% | 13.1% |
| |
|---|
| Median (127 companies) | 3.6% | 9.2% | 8.9% | 9.5% | 12.4% |
|---|
| Eskay K'N'It (India) ($ESKAY) | -1.8% | -13.6% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bombay Rayon Fashions ($BRFL) | 4.9x | 4.9x | 11.6x | 10.0x | 7.3x |
| Ruby Mills ($RUBYMILLS) | 12.6x | 15.3x | 10.8x | 8.6x | - |
| Dcm ($DCM) | 13.5x | 3.5x | 3.7x | 5.5x | - |
| Nahar Spinning Mills ($NAHARSPING) | 70.8x | 3.8x | 3.2x | 4.9x | - |
| Rai Saheb Rekhchand Mohota Spg.& Wvg.Mills ($RAIREKMOH) | 10.0x | 0.0x | 0.0x | 4.6x | - |
| |
|---|
| Median (71 companies) | 3.8x | 3.2x | 0.0x | 0.0x | 0.0x |
|---|
