Parker Agrochem Exports revenue dropped on 63.4% and EBITDA Margin showed almost no change
25-05-2016 • About Parker Agrochem Exports (
$PARKERAC) • By InTwits
Parker Agrochem Exports reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- EBITDA Margin is relatively stable: 0.7% in FY2016 vs. 0.4% in FY2015 vs. 0.9% in FY2012
- EBITDA Margin is quite volatile: 0.7% in FY2016, 0.4% in FY2015, 0.4% in FY2014, 0.5% in FY2013, 0.9% in FY2012
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Parker Agrochem Exports's Revenue dropped on 63.4%. During the last 5 years Revenue growth topped in FY2013 at 1,542% and was decelerating since that time. Despite revenue decline the EBITDA margin expanded. EBITDA Margin increased slightly on 0.60 pp from -1.7% to -1.1% in FY2016. During FY2012-FY2016 EBITDA Margin bottomed in FY2015 at 0.36%.
Net Income margin showed almost no change in FY2016.
Financial and operational results
Parker Agrochem Exports ($PARKERAC) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 88 | 1,437 | 1,998 | 2,659 | 973 | -63.4% |
| EBITDA | 1 | 7 | 8 | 10 | 7 | -26.9% |
| Net Income | -3 | 2 | 3 | 4 | 2 | -62.0% |
Balance Sheet
|
|---|
| Cash | | 5 | | | | |
| Short Term Debt | | 0 | | | | |
| Long Term Debt | | 1 | | | | |
Cash flow
|
|---|
Ratios
|
|---|
| Revenue growth | -77.2% | 1,542.3% | 39.1% | 33.1% | -63.4% | |
| EBITDA growth | -264.9% | 771.1% | 18.1% | 20.7% | -26.9% | |
|
|---|
| EBITDA Margin | 0.9% | 0.5% | 0.4% | 0.4% | 0.7% | 0.4% |
| Net Income Margin | -3.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.0% |
|
|---|
| Net Debt/EBITDA | 0.0x | -0.6x | 0.0x | 0.0x | 0.0x |
Peers in Comm.Trading & Distribution
Below you can find Parker Agrochem Exports benchmarking vs. other companies in Comm.Trading & Distribution 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 |
|---|
| 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% |
| Risa International ($RISAINTL) | - | - | 4,724.7% | 18.8% | - |
| |
|---|
| Median (19 companies) | -1.7% | 13.0% | 12.9% | 10.9% | -2.4% |
|---|
| Parker Agrochem Exports ($PARKERAC) | - | 1,542.3% | 39.1% | 33.1% | -63.4% |
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 ($REMIELEK) | - | - | - | 15.1% | - |
| |
|---|
| Median (37 companies) | 3.2% | 2.8% | 2.3% | 2.4% | 2.2% |
|---|
| Parker Agrochem Exports ($PARKERAC) | 0.9% | 0.5% | 0.4% | 0.4% | 0.7% |
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) ($REDINGTON) | 0.2% | 0.7% | 0.2% | 0.2% | 0.2% |
| Mmtc ($MMTC) | 0.0% | 0.1% | 0.1% | 0.1% | - |
| Kothari Products ($KOTHARIPRO) | 2.5% | 0.1% | 0.2% | 0.0% | 0.1% |
| |
|---|
| Median (5 companies) | 0.4% | 0.1% | 0.2% | 0.2% | 0.2% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ptl Enterprises ($PTL) | 18.5% | 19.5% | 21.1% | 22.1% | 12.8% |
| Redington (India) ($REDINGTON) | 17.2% | 16.0% | 16.3% | 15.3% | 14.4% |
| Risa International ($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) | 4.7% | 4.8% | 9.6% | 11.2% | 12.8% |
|---|
| Parker Agrochem Exports ($PARKERAC) | - | - | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Maxwell Industries ($MAXWELL) | 3.7x | 5.8x | 3.5x | 3.3x | - |
| Redington (India) ($REDINGTON) | 2.6x | 2.6x | 1.7x | 1.9x | 2.3x |
| Kothari Products ($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 (29 companies) | 1.8x | 1.9x | 0.0x | 0.0x | 0.2x |
|---|
| Parker Agrochem Exports ($PARKERAC) | 0.0x | -0.6x | 0.0x | 0.0x | 0.0x |
