Shri Jagdamba Polymers reports 9.9 pp EBITDA Margin decline from 9.9% to in 2016 in 2016
30-05-2016 • About Shri Jagdamba Polymers (
$SHRJAGP) • By InTwits
Shri Jagdamba Polymers reported FY2016 financial results today. Here are the key drivers of the company's long term financial model:
- Shri Jagdamba Polymers is a fast growth stock: FY2016 revenue growth was 8.8%, 5 year revenue CAGR was 25.0% at FY2016 ROIC
- EBITDA Margin is declining: in FY2016 vs. 9.9% in FY2015 vs. 12.9% in FY2012
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue increased on 8.8%. Revenue decline was accelerating on average at -6.9 pp per annum in FY2012-FY2016.
Net Income margin increased slightly on 1.2 pp from 3.0% to 4.2% in FY2016.
Financial and operational results
Shri Jagdamba Polymers ($SHRJAGP) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 535 | 739 | 900 | 1,104 | 1,201 | 8.8% |
| EBITDA | 69 | 78 | 95 | 109 | | |
| Net Income | 17 | 32 | 31 | 33 | 50 | 50.3% |
Balance Sheet
|
|---|
| Cash | 14 | 8 | | | | |
| Short Term Debt | 95 | 142 | | | | |
| Long Term Debt | 143 | 131 | | | | |
Cash flow
|
|---|
Ratios
|
|---|
| Revenue growth | 35.5% | 38.3% | 21.7% | 22.7% | 8.8% | |
| EBITDA growth | | 13.6% | 21.3% | 15.4% | | |
|
|---|
| EBITDA Margin | 12.9% | 10.6% | 10.5% | 9.9% | |
| Net Income Margin | 3.2% | 4.3% | 3.5% | 3.0% | 4.2% | 1.2% |
|
|---|
| ROIC | | 14.8% | | | | |
| ROE | | 26.7% | | | | |
| Net Debt/EBITDA | 3.3x | 3.4x | 0.0x | 0.0x | |
Peers in Containers & Packaging
Below we provide Shri Jagdamba Polymers benchmarking against other companies in Containers & Packaging 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 |
|---|
| Control Print ($CONTROLPR) | - | 20.0% | 14.1% | 23.9% | 17.9% |
| Kg Petrochem ($KGPETRO) | 16.1% | 24.0% | 20.9% | 22.4% | - |
| Kanpur Plastipack ($KANPRPLA) | - | -4.6% | 21.1% | 15.9% | -0.0% |
| Emmbi Industries ($EMMBI) | - | 36.6% | 13.9% | 14.8% | 13.3% |
| Time Technoplast ($TIMETECHNO) | - | 17.6% | 21.6% | 13.3% | -0.2% |
| |
|---|
| Median (19 companies) | 16.1% | 15.3% | 13.9% | 8.4% | -1.6% |
|---|
| Shri Jagdamba Polymers ($SHRJAGP) | - | 38.3% | 21.7% | 22.7% | 8.8% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Control Print ($CONTROLPR) | 13.9% | 19.2% | 22.5% | 25.2% | 27.3% |
| Manaksia ($MANAKSIA) | 14.4% | 17.4% | 20.3% | 18.6% | 16.6% |
| Essel Propack ($ESSELPRO) | 17.0% | 17.4% | 16.9% | 17.2% | 19.4% |
| Time Technoplast ($TIMETECHNO) | 15.9% | 16.2% | 14.1% | 13.7% | 14.1% |
| Piramal Glass ($PIRAMGLAS) | 23.7% | 18.9% | 15.5% | 13.5% | - |
| |
|---|
| Median (22 companies) | 12.9% | 11.3% | 12.2% | 8.8% | 14.1% |
|---|
| Shri Jagdamba Polymers ($SHRJAGP) | 12.9% | 10.6% | 10.5% | 9.9% | - |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Control Print ($CONTROLPR) | 3.0% | 5.0% | 7.5% | 11.9% | 8.9% |
| Essel Propack ($ESSELPRO) | 10.0% | 6.7% | 8.5% | 9.4% | 8.9% |
| Manaksia ($MANAKSIA) | 9.0% | 4.8% | 4.7% | 6.5% | 8.5% |
| Uflex ($UFLEX) | 23.0% | 11.8% | 3.5% | 3.6% | 8.4% |
| Time Technoplast ($TIMETECHNO) | 17.9% | 11.1% | 6.2% | 4.2% | 6.9% |
| |
|---|
| Median (6 companies) | 8.9% | 6.7% | 6.7% | 4.6% | 8.4% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Control Print ($CONTROLPR) | - | 19.7% | 22.2% | 25.2% | 26.2% |
| Essel Propack ($ESSELPRO) | 8.6% | 9.9% | 12.5% | 14.7% | 16.6% |
| Time Technoplast ($TIMETECHNO) | 12.8% | 13.4% | 12.0% | 12.9% | 12.4% |
| Manaksia ($MANAKSIA) | 12.9% | 15.5% | 16.0% | 11.4% | 9.2% |
| Uflex ($UFLEX) | 12.5% | 9.9% | 8.1% | 8.4% | 9.0% |
| |
|---|
| Median (32 companies) | 9.3% | 9.9% | 11.6% | 11.4% | 10.8% |
|---|
| Shri Jagdamba Polymers ($SHRJAGP) | - | 14.8% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hindusthan National Glass & Industries ($HINDNATGLS) | 7.4x | 15.8x | 11.2x | 10.6x | 8.1x |
| Emmbi Industries ($EMMBI) | 4.6x | 4.4x | 0.0x | - | 2.3x |
| Uflex ($UFLEX) | 2.7x | 3.0x | 3.2x | 2.8x | 2.2x |
| Time Technoplast ($TIMETECHNO) | 2.6x | 2.6x | 2.6x | 2.2x | 1.9x |
| Essel Propack ($ESSELPRO) | 3.2x | 2.9x | 2.6x | 2.2x | 1.6x |
| |
|---|
| Median (17 companies) | 3.2x | 3.4x | 2.0x | 0.0x | 0.0x |
|---|
