Everest Kanto Cylinder EBITDA surged on 1,345% and Revenue increased on 7.5%
31-05-2016 • About Everest Kanto Cylinder (
$EKC) • By InTwits
Everest Kanto Cylinder reported FY2016 financial results today. Here are the key drivers of the company's long term financial model: EBITDA Margin is quite volatile: 7.5% in FY2016, 0.6% in FY2015, -5.1% in FY2014, -3.9% in FY2013, 14.5% in FY2012.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue increased on 7.5%. Revenue decline was slowing down on average by 5.7 pp per annum in the last 5 years. Having declining revenue the company managed to increase EBITDA margin. EBITDA Margin increased slightly on 1.1 pp from 2.8% to 3.9% in FY2016. During the last 5 years EBITDA Margin bottomed in FY2014 at -5.1% and was growing since that time.
Net Income margin decreased on 3.8 pp from -20.9% to -24.6% in FY2016.
Management team
The company's CFO Kishore Thakkar has spent 4 years with the company.
Financial and operational results
Everest Kanto Cylinder ($EKC) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 6,771 | 5,428 | 4,906 | 4,686 | 5,039 | 7.5% |
| EBITDA | 980 | -212 | -252 | 26 | 377 | 1,344.8% |
| Net Income | 47 | -1,318 | -1,382 | -977 | -1,241 | |
Balance Sheet
|
|---|
| Cash | 188 | 248 | 356 | | | |
| Short Term Debt | 4,106 | 2,010 | 3,097 | | | |
| Long Term Debt | 457 | 3,498 | 2,709 | | | |
Cash flow
|
|---|
| Capex | 389 | 21 | 196 | | | |
Ratios
|
|---|
| Revenue growth | -13.1% | -19.8% | -9.6% | -4.5% | 7.5% | |
| EBITDA growth | -28.8% | -121.6% | 18.8% | -110.4% | 1,344.8% | |
|
|---|
| EBITDA Margin | 14.5% | -3.9% | -5.1% | 0.6% | 7.5% | 6.9% |
| Net Income Margin | 0.7% | -24.3% | -28.2% | -20.9% | -24.6% | -3.8% |
| CAPEX, % of revenue | 5.7% | 0.4% | 4.0% | | | |
|
|---|
| ROIC | 2.6% | -7.3% | -7.9% | | | |
| ROE | 0.6% | -18.3% | -24.1% | | | |
| Net Debt/EBITDA | 4.5x | | | 0.0x | 0.0x |
Peers in Other Industrial Products
Below you can find Everest Kanto Cylinder benchmarking vs. other companies in Other Industrial Products 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 |
|---|
| Simplex Castings ($SIMPLEXCAS) | - | -6.6% | -21.9% | 7.0% | 20.3% |
| Carborundum Universal ($CARBORUNIV) | - | -1.2% | 7.8% | -3.5% | 1.7% |
| Bharat Forge ($BHARATFORG) | - | -18.8% | 31.7% | 13.5% | 0.3% |
| Sujana Universal Industries ($SUJANAUNI) | - | -22.3% | 8.8% | 20.7% | -40.3% |
| Welcast Steels ($ZWELCAST) | - | 11.1% | -1.5% | 0.0% | -49.8% |
| |
|---|
| Median (5 companies) | - | -6.6% | 7.8% | 7.0% | 0.3% |
|---|
| Everest Kanto Cylinder ($EKC) | - | -19.8% | -9.6% | -4.5% | 7.5% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Hindustan Wires ($HINDWRS) | - | - | - | 27.3% | - |
| Bharat Forge ($BHARATFORG) | 16.0% | 15.8% | 15.5% | 18.9% | 18.7% |
| Carborundum Universal ($CARBORUNIV) | 19.7% | 12.3% | 12.2% | 13.2% | 16.0% |
| Hilton Metal Forging ($HILTON) | - | - | - | 7.1% | - |
| Lgb Forge ($LGBFORGE) | - | - | - | 4.6% | - |
| |
|---|
| Median (9 companies) | 16.0% | 12.3% | 12.9% | 4.6% | 12.1% |
|---|
| Everest Kanto Cylinder ($EKC) | 14.5% | -3.9% | -5.1% | 0.6% | 7.5% |
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bharat Forge ($BHARATFORG) | 15.6% | 11.0% | 10.1% | 9.4% | 13.4% |
| Carborundum Universal ($CARBORUNIV) | 8.5% | 10.9% | 3.6% | 3.8% | 8.1% |
| |
|---|
| Median (2 companies) | 8.5% | 10.9% | 6.8% | 6.6% | 10.7% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bharat Forge ($BHARATFORG) | 14.6% | 9.1% | 12.6% | 18.5% | 15.6% |
| Carborundum Universal ($CARBORUNIV) | 25.3% | 11.8% | 10.6% | 11.0% | 15.5% |
| Super Forgings & Steels ($SUPERFORGE) | -4.8% | - | - | - | - |
| Expo Gas Containers ($EXPOGAS) | 15.4% | 12.0% | - | - | - |
| Gujarat Intrux ($GUJINTRX) | 26.0% | 23.7% | 19.7% | - | - |
| |
|---|
| Median (12 companies) | 14.6% | 10.8% | 11.6% | 11.0% | 15.5% |
|---|
| Everest Kanto Cylinder ($EKC) | 2.6% | -7.3% | -7.9% | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bharat Forge ($BHARATFORG) | 2.6x | 3.0x | 2.2x | 1.3x | 1.7x |
| Carborundum Universal ($CARBORUNIV) | 0.8x | 1.5x | 1.2x | 0.7x | 0.6x |
| Hindustan Wires ($HINDWRS) | - | - | - | 0.0x | 0.0x |
| Gujarat Intrux ($GUJINTRX) | 0.2x | -0.6x | -1.1x | - | 0.0x |
| Expo Gas Containers ($EXPOGAS) | 4.4x | 4.7x | - | - | 0.0x |
| |
|---|
| Median (8 companies) | 2.5x | 1.8x | 0.0x | 0.0x | 0.0x |
|---|
| Everest Kanto Cylinder ($EKC) | 4.5x | - | - | 0.0x | 0.0x |
