Akar Tools reports 20.8% EBITDA growth in 2016 and 10.4% Revenue growth
31-05-2016 • About Akar Tools (
$AKARTOOL) • By InTwits
Akar Tools reported FY2016 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Akar Tools's Revenue surged on 10.4%. Revenue decline was accompanies by EBITDA margin decline. EBITDA Margin dropped on 19.0 pp from -26.4% to -45.3% in FY2016.
Net Income margin showed almost no change in FY2016. During FY2012-FY2016 Net Income margin bottomed in FY2014 at 0.48% and was growing since that time.
Financial and operational results
Akar Tools ($AKARTOOL) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,428 | 1,459 | 1,426 | 1,664 | 1,837 | 10.4% |
| EBITDA | 111 | 91 | | 103 | 124 | 20.8% |
| Net Income | 22 | 12 | 7 | 11 | 18 | 62.3% |
Balance Sheet
|
|---|
| Cash | 19 | | | | | |
| Short Term Debt | 376 | | | | | |
| Long Term Debt | 88 | | | | | |
Cash flow
|
|---|
| Capex | 29 | | | | | |
Ratios
|
|---|
| Revenue growth | 21.1% | 2.1% | -2.3% | 16.7% | 10.4% | |
| EBITDA growth | -12.5% | -17.8% | | | 20.8% | |
|
|---|
| EBITDA Margin | 7.8% | 6.3% | | 6.2% | 6.8% | 0.6% |
| Net Income Margin | 1.6% | 0.9% | 0.5% | 0.7% | 1.0% | 0.3% |
| CAPEX, % of revenue | 2.1% | | | | | |
|
|---|
| ROIC | 12.2% | | | | | |
| ROE | 9.7% | | | | | |
| Net Debt/EBITDA | 4.0x | 0.0x | | 0.0x | 0.0x |
Peers in Industrial Machinery
Below we provide Akar Tools benchmarking against other companies in Industrial Machinery 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 |
|---|
| Batliboi ($BATLIBOI) | - | - | - | -54.5% | 74.2% |
| Wpil ($WPIL) | - | 38.4% | 0.3% | -5.5% | 51.3% |
| Revathi Equipment ($REVATHI) | - | 10.3% | -19.9% | -7.2% | 50.3% |
| Nitin Fire Protection Industries ($NITINFIRE) | - | 31.5% | 44.2% | 12.2% | 29.8% |
| Lloyd Electric & Engineering ($LLOYDELENG) | - | - | - | 22.3% | 27.3% |
| |
|---|
| Median (27 companies) | 2.7% | 2.3% | 3.0% | 2.8% | 6.7% |
|---|
| Akar Tools ($AKARTOOL) | - | 2.1% | -2.3% | 16.7% | 10.4% |
Top companies by Gross margin, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bell Agromachina ($BELAGRO) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| |
|---|
| Median (1 company) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Texmaco Infrastructure & Holdings ($TEXINFRA) | - | - | - | 40.5% | - |
| Dhp India ($DHPIND) | - | - | - | 26.3% | - |
| Shilp Gravures ($SHILGRAVQ) | - | - | - | 19.4% | - |
| Solitaire Machine Tools ($SOLIMAC) | - | - | - | 19.4% | - |
| Wendt (India) ($WENDT) | 28.3% | 21.6% | 18.6% | 19.0% | 16.5% |
| |
|---|
| Median (46 companies) | 11.6% | 10.0% | 10.6% | 10.7% | 10.9% |
|---|
| Akar Tools ($AKARTOOL) | 7.8% | 6.3% | - | 6.2% | 6.8% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Texmaco Infrastructure & Holdings ($TEXINFRA) | - | - | - | 14.0% | - |
| Shakti Pumps (India) ($SHAKTIPUMP) | 5.8% | 19.0% | 6.1% | 9.9% | 7.5% |
| Wendt (India) ($WENDT) | 13.5% | 9.0% | 8.8% | 9.4% | 9.3% |
| Ingersoll-Rand (India) ($INGERRAND) | 4.3% | 10.9% | 3.6% | 9.2% | 6.7% |
| Kabra Extrusiontechnik ($KABRAEXTRU) | 6.5% | 1.8% | 0.5% | 8.8% | 16.2% |
| |
|---|
| Median (24 companies) | 5.8% | 4.5% | 3.0% | 3.2% | 3.4% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Greaves Cotton ($GREAVESCOT) | - | 24.8% | 16.3% | 26.7% | 25.7% |
| Honda Siel Power Products ($HONDAPOWER) | 16.9% | 8.8% | 11.5% | 15.3% | 18.3% |
| Lakshmi Machine Works ($LAXMIMACH) | 18.0% | 11.7% | 16.2% | 17.6% | 18.2% |
| Kabra Extrusiontechnik ($KABRAEXTRU) | - | - | 11.9% | 13.9% | 17.0% |
| Ion Exchange (India) ($IONEXCHANG) | 11.0% | 15.1% | 8.8% | 13.1% | 16.4% |
| |
|---|
| Median (50 companies) | 13.5% | 11.0% | 10.2% | 13.0% | 11.7% |
|---|
| Akar Tools ($AKARTOOL) | 12.2% | - | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Wpil ($WPIL) | 2.4x | 2.3x | 2.2x | 0.8x | 5.4x |
| Kirloskar Brothers ($KIRLOSBROS) | 2.4x | 1.3x | 1.1x | 1.5x | 4.7x |
| Forbes & Company ($FORBESCO) | 2.2x | 3.3x | 4.7x | 6.3x | 4.3x |
| Elecon Engineering Co ($ELECON) | 3.0x | 3.2x | 4.0x | 3.1x | 3.9x |
| Dynamatic Technologies ($DYNAMATECH) | 5.0x | 4.1x | 3.4x | 2.7x | 3.8x |
| |
|---|
| Median (38 companies) | 1.1x | 1.5x | 0.0x | 0.0x | 0.0x |
|---|
| Akar Tools ($AKARTOOL) | 4.0x | 0.0x | - | 0.0x | 0.0x |
