K.M.Sugar Mills revenue dropped on 35.9%
30-05-2016 • About K.M.Sugar Mills (
$KMSUGAR) • By InTwits
K.M.Sugar Mills reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
K.M.Sugar Mills's Revenue dropped on 35.9%. During the last 5 years Revenue growth topped in FY2014 at 48.3% and was decelerating since that time.
Net Income margin increased slightly on 2.0 pp from 1.4% to 3.3% in FY2016.
Financial and operational results
K.M.Sugar Mills ($KMSUGAR) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 2,547 | 2,726 | 4,044 | 5,505 | 3,529 | -35.9% |
| EBITDA | 174 | | 409 | | 300 | |
| Net Income | -62 | 126 | 215 | 75 | 117 | 56.1% |
Balance Sheet
|
|---|
| Cash | 19 | | 43 | | | |
| Short Term Debt | 130 | | 244 | | | |
| Long Term Debt | 531 | | 387 | | | |
Cash flow
|
|---|
| Capex | 21 | | | | | |
Ratios
|
|---|
| Revenue growth | -11.3% | 7.0% | 48.3% | 36.1% | -35.9% | |
| EBITDA growth | 30.0% | | | | | |
|
|---|
| EBITDA Margin | 6.8% | | 10.1% | | 8.5% |
| Net Income Margin | -2.5% | 4.6% | 5.3% | 1.4% | 3.3% | 2.0% |
| CAPEX, % of revenue | 0.8% | | | | | |
|
|---|
| ROIC | 9.0% | | | | | |
| Net Debt/EBITDA | 3.7x | | 1.4x | | 0.0x |
Peers in Sugar
Below we provide K.M.Sugar Mills benchmarking against other companies in Sugar 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 |
|---|
| Dhampur Sugar Mills ($DHAMPURSUG) | - | -3.7% | 23.1% | -2.5% | 25.6% |
| Dalmia Bharat Sugar And Industries ($DALMIASUG) | - | 35.8% | 19.4% | -3.5% | 1.4% |
| Rajshree Sugars & Chemicals ($RAJSREESUG) | - | 13.7% | -3.0% | -22.9% | 0.3% |
| Sakthi Sugars ($SAKHTISUG) | - | 7.9% | -13.5% | -57.9% | -2.2% |
| Shree Renuka Sugars ($RENUKA) | - | - | 11.5% | -12.6% | -2.6% |
| |
|---|
| Median (9 companies) | -6.8% | 13.7% | 15.5% | -8.3% | -2.6% |
|---|
| K.M.Sugar Mills ($KMSUGAR) | - | 7.0% | 48.3% | 36.1% | -35.9% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Dalmia Bharat Sugar And Industries ($DALMIASUG) | 11.6% | 15.0% | 9.1% | 9.9% | 19.4% |
| Dhampur Sugar Mills ($DHAMPURSUG) | 13.3% | 15.0% | 7.1% | 8.4% | 10.3% |
| Dcm Shriram Industries ($DCMSRMIND) | 4.8% | 6.3% | 7.1% | - | 7.0% |
| Rajshree Sugars & Chemicals ($RAJSREESUG) | 12.2% | 13.3% | 6.9% | 0.9% | 6.0% |
| Sir Shadi Lal Enterprises ($SSLEL) | -4.6% | 4.2% | -7.3% | -10.4% | 5.7% |
| |
|---|
| Median (8 companies) | 11.5% | 13.3% | 7.6% | 1.7% | 5.8% |
|---|
| K.M.Sugar Mills ($KMSUGAR) | 6.8% | - | 10.1% | - | 8.5% |
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Shree Renuka Sugars ($RENUKA) | - | 3.5% | 2.6% | 1.9% | 9.7% |
| Dalmia Bharat Sugar And Industries ($DALMIASUG) | 2.1% | 14.6% | 15.1% | 4.4% | 7.4% |
| Dhampur Sugar Mills ($DHAMPURSUG) | 3.9% | 6.0% | 13.7% | 2.8% | 2.2% |
| Kcp Sugar & Industries Corporation ($KCPSUGIND) | 1.3% | 1.6% | 0.4% | 3.5% | 2.0% |
| |
|---|
| Median (4 companies) | 2.3% | 3.5% | 2.4% | 2.8% | 4.8% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Dhampur Sugar Mills ($DHAMPURSUG) | - | 8.4% | 2.9% | 5.2% | 8.7% |
| Dalmia Bharat Sugar And Industries ($DALMIASUG) | 3.6% | 6.0% | 4.4% | 4.7% | 7.9% |
| Kcp Sugar & Industries Corporation ($KCPSUGIND) | 10.1% | 21.0% | 14.5% | -8.8% | 2.1% |
| Shree Renuka Sugars ($RENUKA) | 0.0% | 6.6% | -1.2% | -9.3% | -13.8% |
| Sir Shadi Lal Enterprises ($SSLEL) | -11.2% | 4.3% | - | - | - |
| |
|---|
| Median (12 companies) | 3.8% | 6.6% | 3.1% | 2.1% | 5.0% |
|---|
| K.M.Sugar Mills ($KMSUGAR) | 9.0% | - | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Shree Renuka Sugars ($RENUKA) | - | 4.0x | 7.8x | 13.5x | 21.6x |
| Rajshree Sugars & Chemicals ($RAJSREESUG) | 5.3x | 4.2x | 9.4x | 0.0x | 15.3x |
| Dhampur Sugar Mills ($DHAMPURSUG) | 4.8x | 6.4x | 10.2x | 9.8x | 6.3x |
| Kcp Sugar & Industries Corporation ($KCPSUGIND) | 2.4x | 0.6x | 1.3x | - | 5.1x |
| Dcm Shriram Industries ($DCMSRMIND) | 8.0x | 5.7x | 3.2x | - | 4.1x |
| |
|---|
| Median (9 companies) | 5.3x | 5.1x | 7.1x | 8.3x | 4.1x |
|---|
| K.M.Sugar Mills ($KMSUGAR) | 3.7x | - | 1.4x | - | 0.0x |
