Gee reports 5.2% revenue growth in FY2016 and almost no change in EBITDA Margin of 7.9%

28-05-2016 • About Gee ($GEE) • By InTwits

Gee reported FY2016 financial results today. 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 increased on 5.2%. EBITDA Margin showed almost no change in FY2016.

Net Income margin increased slightly on 1.1 pp from 1.3% to 2.4% in FY2016.

Financial and operational results

Gee ($GEE) key annual financial indicators

mln. INR	2012	2013	2014	2015	2016	2016/2015
P&L
Revenue	1,732	1,863	1,674	1,801	1,895	5.2%
EBITDA	188	157	158	146	151	3.4%
Net Income	71	46	43	24	46	93.3%
Balance Sheet
Cash	19	33
Short Term Debt	374	287
Long Term Debt	242	180
Cash flow
Capex	48
Ratios
Revenue growth	17.7%	7.6%	-10.2%	7.6%	5.2%
EBITDA growth	-2.3%	-16.8%	0.7%	-7.7%	3.4%
EBITDA Margin	10.9%	8.4%	9.4%	8.1%	7.9%	-0.1%
Net Income Margin	4.1%	2.5%	2.6%	1.3%	2.4%	1.1%
CAPEX, % of revenue	2.8%
ROIC	16.4%	12.3%
ROE	15.4%	9.0%
Net Debt/EBITDA	3.2x	2.8x	0.0x	0.0x	0.0x

Peers in Other Industrial Goods

Below we provide Gee benchmarking against other companies in Other Industrial Goods 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
Orient Refractories ($ORIENTREF)	-	20.0%	11.9%	11.9%	1.7%
Vesuvius India ($VESUVIUS)	4.1%	6.9%	8.4%	7.2%	-
Ifgl Refractories ($IFGLREFRAC)	-	11.2%	15.9%	1.2%	-8.9%
Amd Industries ($AMDIND)	-	-15.5%	21.0%	-9.9%	-0.3%
Graphite India ($GRPHIDM)	-	1.9%	3.1%	-14.9%	-10.4%
Median (8 companies)	4.1%	12.4%	6.1%	-12.4%	-4.6%
Gee ($GEE)	-	7.6%	-10.2%	7.6%	5.2%

Top companies by EBITDA margin, %

Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Snl Bearings ($SNL)	-	-	-	29.0%	-
Vesuvius India ($VESUVIUS)	17.7%	18.8%	15.6%	18.0%	-
Orient Refractories ($ORIENTREF)	16.7%	18.7%	19.7%	17.9%	18.6%
Heg ($HEG)	17.0%	18.1%	16.9%	16.3%	15.2%
Amd Industries ($AMDIND)	15.3%	12.3%	16.4%	15.3%	15.1%
Median (9 companies)	16.0%	13.2%	15.6%	15.3%	15.1%
Gee ($GEE)	10.9%	8.4%	9.4%	8.1%	7.9%

Top companies by CAPEX/Revenue, %

Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Vesuvius India ($VESUVIUS)	4.2%	4.0%	3.4%	2.7%	-
Heg ($HEG)	14.4%	9.3%	18.7%	2.6%	3.9%
Orient Refractories ($ORIENTREF)	2.1%	1.8%	1.7%	2.5%	2.0%
Ifgl Refractories ($IFGLREFRAC)	0.8%	2.9%	1.3%	2.5%	2.4%
Insilco ($INSILCO)	-	-	-	1.6%	-
Median (6 companies)	4.2%	2.8%	2.3%	2.5%	3.0%

Top companies by ROIC, %

Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Orient Refractories ($ORIENTREF)	-	62.1%	59.3%	46.3%	40.9%
Vesuvius India ($VESUVIUS)	25.0%	25.0%	19.3%	21.6%	-
Ifgl Refractories ($IFGLREFRAC)	20.0%	11.7%	23.5%	15.7%	13.5%
Heg ($HEG)	9.0%	10.4%	8.3%	5.5%	2.5%
Graphite India ($GRPHIDM)	12.6%	8.6%	8.0%	4.2%	4.3%
Median (14 companies)	15.3%	12.5%	20.2%	15.7%	8.9%
Gee ($GEE)	16.4%	12.3%	-	-	-

Top companies by Net Debt / EBITDA

Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Heg ($HEG)	5.2x	4.1x	3.3x	4.1x	5.0x
Graphite India ($GRPHIDM)	2.0x	2.7x	1.7x	2.4x	2.0x
Ifgl Refractories ($IFGLREFRAC)	1.2x	2.1x	0.7x	0.9x	0.2x
Snl Bearings ($SNL)	0.2x	0.6x	1.1x	0.0x	0.0x
Insilco ($INSILCO)	-0.2x	-8.1x	-	-	0.0x
Median (7 companies)	0.8x	0.6x	0.7x	0.0x	0.0x
Gee ($GEE)	3.2x	2.8x	0.0x	0.0x	0.0x

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