Prakash Constrowell revenue surged on 23.8%

30-05-2016 • About Prakash Constrowell ($PRAKASHCON) • By InTwits

Prakash Constrowell 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 jumped on 23.8%. During FY2012-FY2016 Revenue growth bottomed in FY2015 at -26.4%.

Net Income margin increased on 2.5 pp from -0.53% to 2.0% in FY2016.

Financial and operational results

Prakash Constrowell ($PRAKASHCON) key annual financial indicators

mln. INR	2012	2013	2014	2015	2016	2016/2015
P&L
Revenue	1,871	2,233	2,156	1,587	1,965	23.8%
EBITDA	131	137	237
Net Income	64	45	85	-8	39
Balance Sheet
Cash	69	120
Short Term Debt	147	268
Long Term Debt	94	38
Cash flow
Capex	19
Ratios
Revenue growth	47.4%	19.4%	-3.4%	-26.4%	23.8%
EBITDA growth	-17.5%	4.0%	73.1%

EBITDA Margin	7.0%	6.1%	11.0%
Net Income Margin	3.4%	2.0%	3.9%	-0.5%	2.0%	2.5%
CAPEX, % of revenue	1.0%

ROIC	12.9%	9.7%
ROE	9.6%	4.4%
Net Debt/EBITDA	1.3x	1.4x	0.0x

Peers in Construction & Engineering

Below you can find Prakash Constrowell benchmarking vs. other companies in Construction & Engineering 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
Thirthankar Infra ($THIRINFRA)	-	-	-	258.2%	-57.2%
Welspun Projects ($WELPROJ)	-	-8.9%	-20.7%	239.1%	-73.2%
Itd Cementation India ($ITDCEM)	-3.7%	-4.0%	8.5%	79.2%	-
Mukand Engineers ($MUKANDENGG)	-	16.7%	12.4%	63.0%	-20.2%
Atlanta ($ATLANTA)	-	115.1%	28.1%	50.2%	-70.5%
Median (32 companies)	-3.2%	6.7%	7.1%	1.2%	-4.9%
Prakash Constrowell ($PRAKASHCON)	-	19.4%	-3.4%	-26.4%	23.8%

Top companies by EBITDA margin, %


Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Madhucon Projects ($MADHUCON)	8.4%	31.9%	22.1%	32.1%	-
Jaiprakash Associates ($JPASSOCIAT)	36.9%	35.9%	32.4%	31.5%	27.6%
Arss Infrastructure Projects ($ARSSINFRA)	14.0%	13.9%	22.0%	31.3%	-
Reliance Industrial Infrastructure ($RIIL)	-	-	-	30.8%	-
Shristi Infrastructure Development Corporation ($SHRISTI)	27.2%	30.0%	30.0%	29.8%	29.6%
Median (38 companies)	12.4%	11.3%	10.2%	10.1%	10.2%

Top companies by CAPEX/Revenue, %


Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Madhucon Projects ($MADHUCON)	234.5%	155.1%	76.0%	67.4%	-
Supreme Infrastructure India ($SUPREMEINF)	46.6%	31.1%	43.1%	45.8%	-
Shristi Infrastructure Development Corporation ($SHRISTI)	0.0%	11.2%	14.1%	40.8%	25.2%
Jaiprakash Associates ($JPASSOCIAT)	97.0%	65.5%	45.0%	31.6%	18.9%
Man Infraconstruction ($MANINFRA)	7.8%	1.6%	25.0%	18.6%	4.5%
Median (24 companies)	7.7%	6.6%	5.4%	3.1%	3.5%

Top companies by ROIC, %


Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Skipper ($SKIPPER)	10.4%	13.5%	14.7%	27.4%	24.4%
Voltas ($VOLTAS)	19.6%	11.7%	11.8%	19.3%	18.2%
Coromandel Engineering Company ($COROENGG)	-21.9%	3.4%	-0.3%	15.0%	7.9%
Mbl Infrastructures ($MBLINFRA)	21.3%	13.4%	14.0%	13.6%	11.2%
Itd Cementation India ($ITDCEM)	13.1%	11.3%	3.8%	12.6%	-
Median (43 companies)	8.6%	7.1%	5.9%	6.7%	6.3%
Prakash Constrowell ($PRAKASHCON)	12.9%	9.7%	-	-	-

Top companies by Net Debt / EBITDA


Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Mcnally Bharat Engineering Company ($MBECL)	4.3x	7.0x	7.6x	28.3x	2,779.7x
Jaiprakash Associates ($JPASSOCIAT)	9.2x	8.9x	11.0x	11.9x	14.1x
Supreme Infrastructure India ($SUPREMEINF)	6.0x	6.1x	6.8x	11.3x	-
Madhucon Projects ($MADHUCON)	96.8x	19.0x	16.4x	9.8x	-
Shristi Infrastructure Development Corporation ($SHRISTI)	11.8x	8.6x	7.9x	9.4x	8.8x
Median (32 companies)	4.7x	5.5x	6.4x	2.9x	4.4x

Prakash Constrowell stock price chart

Prakash Constrowell financials

mln.	FY2010	FY2011	FY2012

Revenue	1,854	1,269	1,871
EBITDA	92.396	159.1	131.3
Net income	74.584	105.8	63.699
CAPEX	2.957	6.457	19.430
Debt	102.1	107.2	241.0
Cash	34.969	38.728	68.735

About Prakash Constrowell

Prakash Constrowell Limited, a construction company, engages in the infrastructure development and civil construction businesses in India. It provides integrated engineering, procurement, and contracting services. The company focuses on infrastructure development projects, such as construction and maintenance of roads/highways; bridges, including projects on public private partnership model; industrial parks; workshops; hospitals; and educational institutions, as well as residential and commercial real estate construction. It is also involved in civil construction projects comprising government staff quarters, hostel buildings, and auditoriums. In addition, the company engages in the construction of airports, godowns, townships, health care centers, and institutional campus with related utility services, as well as in the real estate development activities. It undertakes projects for various government/semi-government bodies and other private sector clients. Prakash Constrowell Limited was founded in 1978 and is headquartered in Nashik, India.