Tuticorin Alkali Chemicals & Fertilisers reports 297% Net Income growth in 2016 and 18.3% Revenue growth
25-05-2016 • About Tuticorin Alkali Chemicals & Fertilisers (
$TUTIALKA) • By InTwits
Tuticorin Alkali Chemicals & Fertilisers reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Tuticorin Alkali Chemicals & Fertilisers is a fast growth stock: FY2016 revenue growth was 18.3%, 5 year revenue CAGR was 26.9% at FY2016 ROIC
- The company operates at negative EBITDA Margin: -10.3%
- Tuticorin Alkali Chemicals & Fertilisers spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 is 0.0%. Average EBITDA Margin for the same period was -8.8%
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Tuticorin Alkali Chemicals & Fertilisers's Revenue jumped on 18.3%. Having declining revenue the company managed to increase EBITDA margin. EBITDA Margin increased slightly on 1.3 pp from 23.5% to 24.9% in FY2016.
Net Income margin surged on 34.4 pp from -12.9% to 21.5% in FY2016. During the last 5 years Net Income margin bottomed in FY2014 at -116% and was growing since that time.
Management team
G Ramachandran is a Tuticorin Alkali Chemicals & Fertilisers's CEO. G Ramachandran has spent 8 years with the company. The company's CFO is S Nandakumar. S Nandakumar has 7 years tenure at the company.
Financial and operational results
Tuticorin Alkali Chemicals & Fertilisers ($TUTIALKA) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 2,161 | 1,559 | 261 | 1,324 | 1,565 | 18.3% |
| EBITDA | -5 | -119 | -184 | -135 | -161 | |
| Net Income | -128 | -212 | -303 | -171 | 336 | |
Balance Sheet
|
|---|
| Cash | 32 | 18 | 6 | | | |
| Short Term Debt | 40 | 62 | 106 | | | |
| Long Term Debt | 135 | 105 | 105 | | | |
Cash flow
|
|---|
| Capex | 5 | | | | | |
Ratios
|
|---|
| Revenue growth | 354.1% | -27.9% | -83.3% | 408.0% | 18.3% | |
| EBITDA growth | -95.4% | 2,114.5% | 54.4% | -26.5% | 19.3% | |
|
|---|
| EBITDA Margin | -0.2% | -7.6% | -70.5% | -10.2% | -10.3% | -0.1% |
| Net Income Margin | -5.9% | -13.6% | -116.2% | -12.9% | 21.5% | 34.4% |
| CAPEX, % of revenue | 0.2% | | | | | |
|
|---|
Peers in Commodity Chemicals
Below we provide Tuticorin Alkali Chemicals & Fertilisers benchmarking against other companies in Commodity Chemicals 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 |
|---|
| Jayshree Chemicals ($JAYCH) | 288.9% | 17.5% | -75.2% | 262.3% | - |
| Jagran Production ($JAGPRO) | 589.4% | 4.4% | 514.9% | 192.3% | - |
| Shree Hari Chemicals Export ($SHHARICH) | -2.5% | -78.0% | 299.5% | 111.6% | - |
| Jindal Poly Films ($JINDPOLBBPH) | -17.2% | -6.3% | 131.7% | 46.9% | - |
| Southern Online Bio Technologies ($SBTL) | 50.0% | 56.8% | 40.8% | 22.6% | - |
| |
|---|
| Median (37 companies) | 23.5% | 11.2% | 11.5% | 5.6% | 1.5% |
|---|
| Tuticorin Alkali Chemicals & Fertilisers ($TUTIALKA) | - | -27.9% | -83.3% | 408.0% | 18.3% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Riddhi Siddhi Gluco Biols ($RIDDHI) | - | - | - | 104.7% | - |
| Mysore Petro Chemicals ($MYSORPETRO) | - | - | - | 47.1% | - |
| Aditya Birla Chemicals (India) ($ABCIL) | 26.8% | 27.1% | 23.6% | 21.9% | - |
| Indo Borax & Chemicals ($INDOBORAX) | - | - | - | 21.3% | - |
| Chemfab Alkalis ($CHEMFALKAL) | 22.3% | 32.9% | 24.2% | 19.8% | 23.2% |
| |
|---|
| Median (50 companies) | 11.3% | 8.4% | 8.6% | 6.6% | 11.2% |
|---|
| Tuticorin Alkali Chemicals & Fertilisers ($TUTIALKA) | -0.2% | -7.6% | -70.5% | -10.2% | -10.3% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kanoria Chemicals & Industries ($KANORICHEM) | 25.1% | 6.0% | 13.4% | 40.3% | - |
| Aditya Birla Chemicals (India) ($ABCIL) | 136.9% | 24.2% | 30.8% | 15.0% | - |
| Aarti Industries ($AARTIIND) | 8.0% | 11.2% | 11.0% | 10.4% | 16.8% |
| Alkyl Amines Chemicals ($ALKYLAMINE) | 5.1% | 6.6% | 5.9% | 8.6% | 7.3% |
| Sukhjit Starch & Chemicals ($SUKHJITS) | 15.7% | 9.4% | 5.4% | 5.4% | 3.6% |
| |
|---|
| Median (22 companies) | 5.3% | 6.6% | 5.7% | 3.2% | 4.8% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bodal Chemicals ($BODALCHEM) | -1.3% | 3.3% | 39.0% | 38.3% | - |
| Elantas Beck India ($ELANTAS) | 20.4% | 33.9% | 31.0% | 36.6% | - |
| Alkyl Amines Chemicals ($ALKYLAMINE) | 16.0% | 18.7% | 25.0% | 23.7% | 24.7% |
| Aarti Industries ($AARTIIND) | 15.9% | 19.1% | 17.2% | 17.9% | 19.3% |
| Transpek Industry ($TRANSPEK) | -1.7% | 14.2% | 11.0% | 17.8% | 26.9% |
| |
|---|
| Median (60 companies) | 9.1% | 9.8% | 9.3% | 8.8% | 18.6% |
|---|
| Tuticorin Alkali Chemicals & Fertilisers ($TUTIALKA) | - | - | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Iol Chemicals & Pharmaceuticals ($IOLCP) | 5.8x | 4.5x | 3.7x | 35.4x | 8.8x |
| India Glycols ($INDIAGLYCO) | 4.8x | 3.7x | 8.5x | 14.2x | - |
| Godrej Industries ($GODREJIND) | 9.9x | 5.7x | 7.9x | 10.7x | 10.0x |
| Kanoria Chemicals & Industries ($KANORICHEM) | 5.2x | 9.6x | 3.5x | 9.4x | - |
| Garware Polyester ($GARWARPOLY) | 2.2x | 3.8x | 4.0x | 5.2x | 3.1x |
| |
|---|
| Median (38 companies) | 2.6x | 3.2x | 1.1x | 1.0x | 1.0x |
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