Spectra Industries EBITDA dropped on 11.7% while Revenue jumped on 11.1%
28-05-2016 • About Spectra Industries (
$SPECTRA) • By InTwits
Spectra Industries reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Spectra Industries is a fast growth stock: FY2016 revenue growth was 11.1%, 5 year revenue CAGR was 20.7% at FY2016 ROIC
- EBITDA Margin is quite volatile: 0.7% in FY2016, 0.9% in FY2015, 0.5% in FY2014, 3.0% in FY2013, 3.1% in FY2012
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue jumped on 11.1%. Despite revenue decline the EBITDA margin expanded. EBITDA Margin increased on 3.4 pp from 19.8% to 23.2% in FY2016.
Net Income margin showed almost no change in FY2016.
Financial and operational results
Spectra Industries ($SPECTRA) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 547 | 768 | 690 | 1,084 | 1,203 | 11.1% |
| EBITDA | 17 | 23 | 3 | 9 | 8 | -11.7% |
| Net Income | 3 | 5 | -11 | 2 | 2 | 8.4% |
Balance Sheet
|
|---|
| Cash | 24 | 21 | | | | |
| Short Term Debt | 51 | 117 | | | | |
| Long Term Debt | 57 | 50 | | | | |
Cash flow
|
|---|
Ratios
|
|---|
| Revenue growth | 16.4% | 40.2% | -10.1% | 57.1% | 11.1% | |
| EBITDA growth | 72.9% | 35.4% | -85.9% | 189.1% | -11.7% | |
|
|---|
| EBITDA Margin | 3.1% | 3.0% | 0.5% | 0.9% | 0.7% | -0.2% |
| Net Income Margin | 0.5% | 0.6% | -1.6% | 0.2% | 0.2% | -0.0% |
|
|---|
| ROIC | 4.8% | 6.1% | | | | |
| ROE | 2.2% | 3.6% | | | | |
| Net Debt/EBITDA | 5.0x | 6.4x | 0.0x | 0.0x | 0.0x |
Peers in Auto Parts & Equipment
Below you can find Spectra Industries benchmarking vs. other companies in Auto Parts & Equipment 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 |
|---|
| Ip Rings ($IPRINGLTD) | - | 2.4% | -0.1% | 19.5% | 16.7% |
| Amara Raja Batteries ($AMARAJABAT) | - | 25.1% | 16.1% | 22.6% | 11.4% |
| Motherson Sumi Systems ($MOTHERSUMI) | - | 71.3% | 20.2% | 14.0% | 10.7% |
| Harita Seating Systems ($HARITASEAT) | - | -6.8% | -2.9% | 13.0% | 10.1% |
| Subros ($SUBROS) | - | 13.9% | -7.9% | 2.2% | 9.0% |
| |
|---|
| Median (31 companies) | 23.7% | 2.4% | 5.0% | 8.7% | 2.5% |
|---|
| Spectra Industries ($SPECTRA) | - | 40.2% | -10.1% | 57.1% | 11.1% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ist ($ISTLTD) | - | - | - | 71.6% | - |
| Tube Investments Of India ($TUBEINVEST) | 18.4% | 24.4% | 28.3% | 30.0% | 21.4% |
| Shivam Autotech ($SHIVAMAUTO) | 24.1% | 24.1% | 20.6% | 18.7% | 16.6% |
| Amara Raja Batteries ($AMARAJABAT) | 14.9% | 15.7% | 14.2% | 17.0% | 17.6% |
| Suprajit Engineering ($SUPRAJIT) | 16.2% | 17.0% | 17.2% | 16.2% | - |
| |
|---|
| Median (45 companies) | 11.1% | 9.9% | 10.8% | 10.3% | 10.8% |
|---|
| Spectra Industries ($SPECTRA) | 3.1% | 3.0% | 0.5% | 0.9% | 0.7% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Amtek Auto ($AMTEKAUTO) | 18.9% | - | 27.1% | 30.3% | - |
| Jbm Auto ($JBMA) | 9.8% | 8.4% | - | 14.4% | - |
| Rico Auto Industries ($RICOAUTO) | 5.8% | 10.9% | 5.7% | 14.2% | 7.4% |
| Shivam Autotech ($SHIVAMAUTO) | 11.6% | 4.1% | 4.9% | 12.5% | 27.9% |
| Amara Raja Batteries ($AMARAJABAT) | 3.7% | 2.5% | 10.9% | 9.6% | 11.0% |
| |
|---|
| Median (26 companies) | 5.8% | 4.5% | 4.8% | 4.6% | 4.5% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Amara Raja Batteries ($AMARAJABAT) | 32.1% | 34.5% | 30.3% | 35.4% | 33.7% |
| Exide Industries ($EXIDEIND) | 24.2% | 24.3% | 29.5% | 26.9% | 20.5% |
| Munjal Showa ($MUNJALSHOW) | 29.9% | 23.8% | 22.5% | 24.9% | 19.8% |
| Motherson Sumi Systems ($MOTHERSUMI) | 13.5% | 16.5% | 25.0% | 24.9% | 25.1% |
| Gabriel India ($GABRIEL) | 19.9% | 15.5% | 18.0% | 24.0% | 25.0% |
| |
|---|
| Median (51 companies) | 16.4% | 12.7% | 15.1% | 14.6% | 13.6% |
|---|
| Spectra Industries ($SPECTRA) | 4.8% | 6.1% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Tube Investments Of India ($TUBEINVEST) | 17.6x | 17.8x | 17.3x | 16.4x | 0.1x |
| Amtek Auto ($AMTEKAUTO) | 4.8x | - | 5.3x | 5.8x | - |
| Remsons Industries ($REMSONSIND) | 2.8x | 4.3x | 3.6x | 5.7x | 0.0x |
| Steel Strips Wheels ($SSWL) | 5.4x | 6.3x | 6.5x | 5.6x | 4.2x |
| Autopal Industries ($AUTOPAL) | - | 3.4x | 3.8x | 4.4x | 0.0x |
| |
|---|
| Median (43 companies) | 1.2x | 2.0x | 0.9x | 0.1x | 0.0x |
|---|
| Spectra Industries ($SPECTRA) | 5.0x | 6.4x | 0.0x | 0.0x | 0.0x |
