Fenoplast EBITDA Margin decreased on 7.8 pp from 7.8% to in 2016
30-05-2016 • About Fenoplast (
$FENOPLAS) • By InTwits
Fenoplast reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue decreased on 6.0%.
Net Income margin showed almost no change in FY2016. Net Income margin stuck to a declining trend at -0.23 pp per annum in FY2012-FY2016.
Management team
Ratnaji Butchi Venkata Ramanayya Vuppala is a Fenoplast's CFO. Ratnaji Butchi Venkata Ramanayya Vuppala has spent 4 years at the company.
Financial and operational results
Fenoplast ($FENOPLAS) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,963 | 1,941 | 2,186 | 2,373 | 2,231 | -6.0% |
| EBITDA | 177 | 176 | | 186 | | |
| Net Income | 27 | 17 | 17 | 18 | 6 | -64.9% |
Balance Sheet
|
|---|
| Cash | 31 | 46 | | | | |
| Short Term Debt | 464 | 542 | | | | |
| Long Term Debt | 76 | 48 | | | | |
Cash flow
|
|---|
| Capex | 46 | 13 | | | | |
Ratios
|
|---|
| Revenue growth | 11.4% | -1.1% | 12.6% | 8.5% | -6.0% | |
| EBITDA growth | 22.9% | -0.7% | | | | |
|
|---|
| EBITDA Margin | 9.0% | 9.1% | | 7.8% | |
| Net Income Margin | 1.4% | 0.9% | 0.8% | 0.7% | 0.3% | -0.5% |
| CAPEX, % of revenue | 2.3% | 0.7% | | | | |
|
|---|
| ROIC | 17.3% | 16.3% | | | | |
| ROE | 8.2% | 4.9% | | | | |
| Net Debt/EBITDA | 2.9x | 3.1x | | 0.0x | |
Peers in Plastic Products
Below we provide Fenoplast benchmarking against other companies in Plastic 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 |
|---|
| Acrysil ($ACRYSIL) | - | 29.6% | 33.8% | 19.4% | 31.6% |
| Shaily Engineering Plastics ($SHAILY) | - | -16.0% | 23.3% | 19.2% | 25.5% |
| Astral Poly Technik ($ASTRAL) | - | 41.6% | 30.8% | 32.4% | 20.2% |
| Flexituff International ($FLEXITUFF) | - | 29.9% | 12.5% | 8.4% | 11.5% |
| Responsive Industries ($RESPONIND) | - | 29.4% | 15.5% | -19.2% | 9.3% |
| |
|---|
| Median (12 companies) | - | 24.4% | 15.5% | 8.4% | 6.1% |
|---|
| Fenoplast ($FENOPLAS) | - | -1.1% | 12.6% | 8.5% | -6.0% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Acrysil ($ACRYSIL) | 12.4% | 16.8% | 17.5% | 19.5% | 17.1% |
| Wim Plast ($WIMPLAST) | 18.1% | 17.9% | 18.1% | 17.0% | 20.9% |
| Shaily Engineering Plastics ($SHAILY) | 14.3% | 13.9% | 16.0% | 14.8% | 17.3% |
| Jain Irrigation Systems ($JISLJALEQS) | 16.6% | 12.6% | 12.6% | 12.4% | 12.8% |
| Responsive Industries ($RESPONIND) | 13.4% | 11.5% | 10.3% | 12.2% | 9.3% |
| |
|---|
| Median (15 companies) | 12.9% | 12.1% | 11.8% | 11.7% | 11.4% |
|---|
| Fenoplast ($FENOPLAS) | 9.0% | 9.1% | - | 7.8% | - |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Shaily Engineering Plastics ($SHAILY) | 3.7% | - | 10.7% | 17.2% | 13.0% |
| Astral Poly Technik ($ASTRAL) | 11.9% | 8.4% | 8.6% | 6.0% | 8.0% |
| Flexituff International ($FLEXITUFF) | 10.8% | 10.3% | 15.7% | 10.0% | 5.0% |
| Acrysil ($ACRYSIL) | 7.8% | 11.0% | 9.6% | 9.3% | 5.0% |
| Jain Irrigation Systems ($JISLJALEQS) | 10.9% | 6.0% | 5.7% | 3.6% | 3.8% |
| |
|---|
| Median (8 companies) | 10.8% | 8.4% | 7.7% | 7.0% | 4.4% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Wim Plast ($WIMPLAST) | 31.8% | 31.2% | 31.0% | 31.2% | 31.6% |
| Shaily Engineering Plastics ($SHAILY) | 19.5% | 15.0% | 19.3% | 15.2% | 18.2% |
| Astral Poly Technik ($ASTRAL) | 29.3% | 31.1% | 33.3% | 19.7% | 17.3% |
| Acrysil ($ACRYSIL) | 7.7% | 16.2% | 20.2% | 21.0% | 16.9% |
| Max India ($MAX) | 8.9% | 24.3% | 7.0% | 12.7% | 12.8% |
| |
|---|
| Median (21 companies) | 10.0% | 10.9% | 15.1% | 13.9% | 14.8% |
|---|
| Fenoplast ($FENOPLAS) | 17.3% | 16.3% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Jain Irrigation Systems ($JISLJALEQS) | 3.8x | 5.1x | 4.8x | 4.8x | 4.6x |
| Flexituff International ($FLEXITUFF) | 2.2x | 3.1x | 4.3x | 5.3x | 4.5x |
| Responsive Industries ($RESPONIND) | 3.3x | 2.9x | 2.4x | 1.9x | 1.7x |
| Shaily Engineering Plastics ($SHAILY) | 1.9x | 1.8x | 1.9x | 2.6x | 1.5x |
| Acrysil ($ACRYSIL) | 2.9x | 2.2x | 2.0x | 2.7x | 1.4x |
| |
|---|
| Median (19 companies) | 2.1x | 2.1x | 0.4x | 0.0x | 0.0x |
|---|
