Pudumjee Pulp & Paper Mills revenue dropped on 89.8% while EBITDA Margin surged on 21.4 pp from 10.1% to 31.5%
28-05-2016 • About Pudumjee Pulp & Paper Mills (
$PDUMJEPULP) • By InTwits
Pudumjee Pulp & Paper Mills reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Pudumjee Pulp & Paper Mills is a company in decline: FY2016 revenue growth was -89.8%, 5 years revenue CAGR was -31.6%
- EBITDA Margin is quite volatile: 31.5% in FY2016, 10.1% in FY2015, 11.8% in FY2014, 14.7% in FY2013, 12.2% in FY2012
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue dropped on 89.8%. Revenue decline happened at the same time with EBITDA margin expansion. EBITDA Margin jumped on 21.4 pp from 10.1% to 31.5% in FY2016.
Net Income margin jumped on 15.2 pp from 6.2% to 21.4% in FY2016.
Financial and operational results
Pudumjee Pulp & Paper Mills ($PDUMJEPULP) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 2,310 | 2,503 | 2,626 | 3,322 | 337 | -89.8% |
| EBITDA | 282 | 368 | 311 | 336 | 106 | -68.4% |
| Net Income | 111 | 165 | 142 | 208 | 72 | -65.2% |
Balance Sheet
|
|---|
| Cash | 25 | 21 | | | | |
| Short Term Debt | 825 | 38 | | | | |
| Long Term Debt | 672 | 841 | | | | |
Cash flow
|
|---|
| Capex | 751 | | | | | |
Ratios
|
|---|
| Revenue growth | 2.1% | 8.4% | 4.9% | 26.5% | -89.8% | |
| EBITDA growth | 62.8% | 30.6% | -15.5% | 8.1% | -68.4% | |
|
|---|
| EBITDA Margin | 12.2% | 14.7% | 11.8% | 10.1% | 31.5% | 21.4% |
| Net Income Margin | 4.8% | 6.6% | 5.4% | 6.2% | 21.4% | 15.2% |
| CAPEX, % of revenue | 32.5% | | | | | |
|
|---|
| ROIC | 7.9% | 10.4% | | | | |
| ROE | 9.2% | 12.5% | | | | |
| Net Debt/EBITDA | 5.2x | 2.3x | 0.0x | 0.0x | 0.0x |
Peers in Paper & Paper Products
Below we provide Pudumjee Pulp & Paper Mills benchmarking against other companies in Paper & Paper Products 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 |
|---|
| N.R.Agarwal Industries ($NRAGRINDQ) | - | 4.0% | 5.5% | 34.1% | 21.8% |
| South India Paper Mills ($STHINPA) | - | -1.1% | -14.7% | 29.2% | 11.5% |
| Tcpl Packaging ($TCPLPACK) | - | 33.7% | 5.8% | 26.1% | 16.7% |
| Jk Paper ($JKPAPER) | - | 9.4% | 18.5% | 24.3% | 13.5% |
| Yash Papers ($YASHPPR) | - | -3.6% | 39.5% | 17.3% | 0.6% |
| |
|---|
| Median (14 companies) | 9.1% | 4.7% | 8.4% | -0.3% | 12.3% |
|---|
| Pudumjee Pulp & Paper Mills ($PDUMJEPULP) | - | 8.4% | 4.9% | 26.5% | -89.8% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Tamil Nadu Newsprint & Papers ($TNPL) | 21.0% | 22.2% | 22.5% | 24.0% | 24.3% |
| Tcpl Packaging ($TCPLPACK) | 16.1% | 14.9% | 15.7% | 16.5% | 17.3% |
| South India Paper Mills ($STHINPA) | 13.5% | 16.1% | 10.2% | 15.8% | 17.3% |
| Yash Papers ($YASHPPR) | 15.7% | 16.8% | 16.0% | 15.7% | - |
| Kuantum Papers ($KUANTUM) | 11.2% | 14.2% | 15.9% | 12.7% | 29.6% |
| |
|---|
| Median (15 companies) | 11.6% | 11.8% | 14.9% | 9.8% | 16.4% |
|---|
| Pudumjee Pulp & Paper Mills ($PDUMJEPULP) | 12.2% | 14.7% | 11.8% | 10.1% | 31.5% |
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Tamil Nadu Newsprint & Papers ($TNPL) | 18.9% | 10.4% | 5.5% | 35.2% | 37.4% |
| Emami Paper Mills ($EMAMIPAP) | 24.4% | 7.3% | 19.2% | 89.3% | 21.7% |
| Tcpl Packaging ($TCPLPACK) | 18.3% | 8.6% | 11.1% | 12.1% | 14.8% |
| Jk Paper ($JKPAPER) | 47.6% | 59.5% | 15.9% | 4.2% | 1.6% |
| |
|---|
| Median (4 companies) | 11.3% | 9.5% | 13.5% | 23.6% | 18.2% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Tcpl Packaging ($TCPLPACK) | 15.4% | 17.4% | 16.9% | 23.1% | 23.3% |
| Tamil Nadu Newsprint & Papers ($TNPL) | 5.3% | 8.2% | 11.1% | 12.7% | 13.5% |
| Jk Paper ($JKPAPER) | 5.2% | 2.7% | 1.1% | 4.3% | 10.5% |
| Emami Paper Mills ($EMAMIPAP) | 5.8% | 5.9% | 5.4% | 3.0% | 2.0% |
| Rama Pulp & Papers ($RAMAPULP) | - | 10.8% | - | - | - |
| |
|---|
| Median (21 companies) | 8.3% | 8.2% | 11.1% | 8.5% | 12.0% |
|---|
| Pudumjee Pulp & Paper Mills ($PDUMJEPULP) | 7.9% | 10.4% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Emami Paper Mills ($EMAMIPAP) | 7.4x | 5.3x | 5.0x | 11.2x | 16.7x |
| Jk Paper ($JKPAPER) | 6.8x | 12.7x | 14.1x | 8.6x | 4.0x |
| Tamil Nadu Newsprint & Papers ($TNPL) | 5.4x | 3.6x | 2.8x | 4.0x | 4.4x |
| Tcpl Packaging ($TCPLPACK) | 2.6x | 2.3x | 2.2x | 1.9x | 1.9x |
| Yash Papers ($YASHPPR) | 5.2x | 5.5x | 4.5x | 0.0x | - |
| |
|---|
| Median (13 companies) | 3.2x | 3.3x | 0.0x | 0.0x | 0.3x |
|---|
| Pudumjee Pulp & Paper Mills ($PDUMJEPULP) | 5.2x | 2.3x | 0.0x | 0.0x | 0.0x |
