Sunil Industries revenue jumped on 19.3%
27-05-2016 • About Sunil Industries (
$SUNILTX) • By InTwits
Sunil Industries reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Sunil Industries is a fast growth stock: FY2016 revenue growth was 19.3%, 5 year revenue CAGR was 31.2% at FY2016 ROIC
- It operates with high leverage: Net Debt/EBITDA is 4.8x while industry average is 0.5x
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Sunil Industries's Revenue surged on 19.3%.
Net Income margin showed almost no change in FY2016.
Leverage (Debt)
Debt level is 4.8x Net Debt / EBITDA and 5.4x Debt / EBITDA. Net Debt / EBITDA jumped4.8x from to 4.8x in FY2016. Debt jumped while cash jumped.
Sunil Industries has short term refinancing risk: cash is only 15.1% of short term debt.
Valuation and dividends
Sunil Industries's trades at EV/EBITDA 6.0x and P/E 3.7x while industy averages are 17.8x and 21.9x.
Financial and operational results
Sunil Industries ($SUNILTX) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 717 | 1,128 | 1,264 | 2,017 | 2,406 | 19.3% |
| EBITDA | 27 | 32 | | | 76 | |
| Net Income | 8 | 11 | 14 | 20 | 25 | 26.0% |
Balance Sheet
|
|---|
| Cash | 37 | 38 | | | 46 | |
| Short Term Debt | 0 | 0 | | | 301 | |
| Long Term Debt | 39 | 156 | | | 106 | |
Cash flow
|
|---|
| Capex | 1 | | | | | |
Ratios
|
|---|
| Revenue growth | 15.9% | 57.2% | 12.1% | 59.6% | 19.3% | |
| EBITDA growth | -13.4% | 20.2% | | | | |
|
|---|
| EBITDA Margin | 3.7% | 2.8% | | | 3.2% |
| Net Income Margin | 1.1% | 1.0% | 1.1% | 1.0% | 1.0% | 0.1% |
| CAPEX, % of revenue | 0.2% | | | | | |
|
|---|
| ROIC | 6.2% | 7.2% | | | | |
| ROE | 3.2% | 4.5% | | | | |
| Net Debt/EBITDA | 0.0x | 3.7x | | | 4.8x |
Peers in Comm.Trading & Distribution
Below we provide Sunil Industries benchmarking against other companies in Comm.Trading & Distribution 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 |
|---|
| Shri Krishna Prasadam ($SKP) | - | 57.3% | 1,074.7% | 148.2% | -54.1% |
| Gagan Polycot India ($GAGANPO) | -59.4% | 76.3% | 18.2% | 43.2% | - |
| Ptl Enterprises ($PTL) | - | 12.6% | 17.7% | 35.1% | -2.4% |
| Parker Agrochem Exports ($PARKERAC) | - | 1,542.3% | 39.1% | 33.1% | -63.4% |
| Risa International ($RISAINTL) | - | - | 4,724.7% | 18.8% | - |
| |
|---|
| Median (19 companies) | -1.7% | 13.0% | 14.0% | 10.9% | -10.4% |
|---|
| Sunil Industries ($SUNILTX) | - | 57.2% | 12.1% | 59.6% | 19.3% |
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 ($REMIELEK) | - | - | - | 15.1% | - |
| |
|---|
| Median (38 companies) | 2.8% | 2.7% | 2.2% | 2.4% | 2.0% |
|---|
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ptl Enterprises ($PTL) | 5.0% | 4.5% | 2.4% | 4.2% | 5.8% |
| Mmtc ($MMTC) | 0.0% | 0.1% | 0.1% | 0.1% | 0.2% |
| Redington (India) ($REDINGTON) | 0.2% | 0.7% | 0.2% | 0.2% | 0.2% |
| Kothari Products ($KOTHARIPRO) | 2.5% | 0.1% | 0.2% | 0.0% | 0.1% |
| |
|---|
| Median (4 companies) | 0.6% | 0.1% | 0.2% | 0.2% | 0.2% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ptl Enterprises ($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) | 4.5% | 4.7% | 9.6% | 11.2% | 12.2% |
|---|
| Sunil Industries ($SUNILTX) | 6.2% | 7.2% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Maxwell Industries ($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 (30 companies) | 1.8x | 1.7x | 0.0x | 0.0x | 0.0x |
|---|
