Eastern Gases revenue jumped on 17.2%
31-05-2016 • About Eastern Gases (
$EASTERNGAS) • By InTwits
Eastern Gases reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: Eastern Gases is a fast growth stock: FY2016 revenue growth was 17.2%, 5 year revenue CAGR was 24.4% at FY2016 ROIC .
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Eastern Gases's Revenue surged on 17.2%.
Net Income margin showed almost no change in FY2016.
Financial and operational results
Eastern Gases ($EASTERNGAS) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 1,359 | 2,095 | 2,273 | 2,284 | 2,678 | 17.2% |
| EBITDA | 45 | 61 | | | | |
| Net Income | 15 | 22 | 23 | 27 | 31 | 14.8% |
Balance Sheet
|
|---|
| Cash | 2 | 10 | | | | |
| Short Term Debt | 101 | 185 | | | | |
| Long Term Debt | 4 | 4 | | | | |
Cash flow
|
|---|
| Capex | 25 | | | | | |
Ratios
|
|---|
| Revenue growth | 51.5% | 54.1% | 8.5% | 0.5% | 17.2% | |
| EBITDA growth | 30.0% | 37.0% | | | | |
|
|---|
| EBITDA Margin | 3.3% | 2.9% | | | |
| Net Income Margin | 1.1% | 1.0% | 1.0% | 1.2% | 1.2% | -0.0% |
| CAPEX, % of revenue | 1.9% | | | | | |
|
|---|
| ROIC | 15.4% | 15.1% | | | | |
| ROE | 13.0% | 11.5% | | | | |
| Net Debt/EBITDA | 2.3x | 2.9x | | | |
Peers in Oil Marketing & Distribution
Below we provide Eastern Gases benchmarking against other companies in Oil Marketing & Distribution 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 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Sah Petroleums ($SAHPETRO) | - | -13.1% | -3.3% | 0.9% | 3.7% |
| Gulf Oil Corporation ($GULFOILCOR) | - | - | - | - | - |
| Indian Oil Corporation ($IOC) | - | 13.1% | 5.8% | -8.0% | -20.9% |
| |
|---|
| Median (3 companies) | - | 0.0% | 1.2% | -3.6% | -8.6% |
|---|
| Eastern Gases ($EASTERNGAS) | - | 54.1% | 8.5% | 0.5% | 17.2% |
Top companies by EBITDA margin, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Indian Oil Corporation ($IOC) | 5.5% | 3.4% | 4.3% | 2.5% | 7.0% |
| Sah Petroleums ($SAHPETRO) | 5.7% | 3.5% | 3.8% | 3.5% | 6.8% |
| Gulf Oil Corporation ($GULFOILCOR) | - | - | - | - | 5.8% |
| |
|---|
| Median (3 companies) | 5.6% | 3.4% | 4.0% | 3.0% | 6.8% |
|---|
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Indian Oil Corporation ($IOC) | 4.2% | 2.8% | 4.5% | 2.9% | 4.4% |
| Sah Petroleums ($SAHPETRO) | 0.4% | 0.2% | 0.2% | 3.9% | 2.8% |
| Gulf Oil Corporation ($GULFOILCOR) | - | - | - | - | 1.8% |
| |
|---|
| Median (3 companies) | 2.3% | 1.5% | 2.3% | 3.4% | 2.8% |
|---|
Top companies by ROIC, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Indian Oil Corporation ($IOC) | 12.7% | 6.4% | 8.7% | 3.9% | 13.0% |
| Sah Petroleums ($SAHPETRO) | 20.0% | 10.0% | 10.9% | 7.5% | 11.8% |
| Gulf Oil Corporation ($GULFOILCOR) | - | - | - | - | 1.0% |
| |
|---|
| Median (3 companies) | 16.3% | 8.2% | 9.8% | 5.7% | 11.8% |
|---|
| Eastern Gases ($EASTERNGAS) | 15.4% | 15.1% | - | - | - |
Top companies by Net Debt / EBITDA
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Gulf Oil Corporation ($GULFOILCOR) | - | - | - | - | 43.4x |
| Sah Petroleums ($SAHPETRO) | -0.5x | -0.8x | -1.0x | 1.9x | 3.5x |
| Indian Oil Corporation ($IOC) | 3.6x | 5.7x | 4.4x | 5.6x | 2.4x |
| |
|---|
| Median (3 companies) | 1.5x | 2.5x | 1.7x | 3.7x | 3.5x |
|---|
