Pentokey Organy (India) reports 30.9% revenue decline in FY2016
31-05-2016 • About Pentokey Organy (India) (
$PNTKYOR) • By InTwits
Pentokey Organy (India) reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: EBITDA Margin is declining: in FY2016 vs. -0.8% in FY2015 vs. 5.5% in FY2012.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Pentokey Organy (India)'s Revenue dropped on 30.9%. Revenue decline was accelerating on average at -20.0 pp per annum in the last 5 years.
Net Income margin decreased on 7.0 pp from -3.6% to -10.6% in FY2016. Net Income margin declined at -3.4 pp per annum in the last 5 years.
Financial and operational results
Pentokey Organy (India) ($PNTKYOR) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 972 | 1,152 | 1,234 | 1,214 | 839 | -30.9% |
| EBITDA | 53 | 75 | 13 | -10 | | |
| Net Income | 29 | 39 | -21 | -44 | -89 | |
Balance Sheet
|
|---|
| Cash | 4 | 10 | | | | |
| Short Term Debt | 74 | 103 | | | | |
| Long Term Debt | 61 | 120 | | | | |
Cash flow
|
|---|
| Capex | 16 | | | | | |
Ratios
|
|---|
| Revenue growth | 58.9% | 18.5% | 7.1% | -1.6% | -30.9% | |
| EBITDA growth | 48.9% | 41.6% | -82.7% | -178.9% | | |
|
|---|
| EBITDA Margin | 5.5% | 6.5% | 1.1% | -0.8% | |
| Net Income Margin | 2.9% | 3.4% | -1.7% | -3.6% | -10.6% | -7.0% |
| CAPEX, % of revenue | 1.7% | | | | | |
|
|---|
| ROIC | 26.8% | 24.0% | | | | |
| ROE | 38.9% | 39.0% | | | | |
| Net Debt/EBITDA | 2.5x | 2.8x | 0.0x | | |
Peers in Commodity Chemicals
Below you can find Pentokey Organy (India) benchmarking vs. other companies in Commodity Chemicals 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 |
|---|
| Andhra Petrochemicals ($ANDHRAPET) | - | -5.8% | -53.9% | -45.9% | 139.3% |
| Iol Chemicals & Pharmaceuticals ($IOLCP) | - | 2.3% | 17.0% | -31.7% | 49.1% |
| Tuticorin Alkali Chemicals & Fertilisers ($TUTIALKA) | - | -27.9% | -83.3% | 408.0% | 18.3% |
| Indo Amines ($INDOAMIN) | - | 4.4% | 10.7% | -2.6% | 17.2% |
| Godrej Industries ($GODREJIND) | - | 24.1% | 13.7% | 16.6% | 16.5% |
| |
|---|
| Median (34 companies) | 48.9% | 9.7% | 11.5% | 6.3% | -2.0% |
|---|
| Pentokey Organy (India) ($PNTKYOR) | - | 18.5% | 7.1% | -1.6% | -30.9% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Riddhi Siddhi Gluco Biols ($RIDDHI) | - | - | - | 104.7% | - |
| Mysore Petro Chemicals ($MYSORPETRO) | - | - | - | 47.1% | - |
| Aditya Birla Chemicals (India) ($ABCIL) | 26.8% | 27.1% | 23.6% | 21.9% | - |
| Indo Borax & Chemicals ($INDOBORAX) | - | - | - | 21.3% | - |
| Chemfab Alkalis ($CHEMFALKAL) | 22.3% | 32.9% | 24.2% | 19.8% | 23.2% |
| |
|---|
| Median (50 companies) | 11.3% | 8.4% | 8.6% | 6.6% | 10.6% |
|---|
| Pentokey Organy (India) ($PNTKYOR) | 5.5% | 6.5% | 1.1% | -0.8% | - |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kanoria Chemicals & Industries ($KANORICHEM) | 25.1% | 6.0% | 13.4% | 40.3% | 28.7% |
| Aarti Industries ($AARTIIND) | 8.0% | 11.2% | 11.0% | 10.4% | 16.8% |
| Alkyl Amines Chemicals ($ALKYLAMINE) | 5.1% | 6.6% | 5.9% | 8.6% | 7.3% |
| Jindal Poly Films ($JINDPOLBBPH) | 6.9% | 2.1% | 27.5% | 3.1% | 7.3% |
| Andhra Sugars ($ANDHRSUGAR) | 5.3% | 4.2% | 3.2% | 4.0% | 6.5% |
| |
|---|
| Median (18 companies) | 5.3% | 6.6% | 5.7% | 3.2% | 4.7% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Bodal Chemicals ($BODALCHEM) | -1.3% | 3.3% | 39.0% | 38.3% | 33.1% |
| Transpek Industry ($TRANSPEK) | -1.7% | 14.2% | 11.0% | 17.8% | 26.9% |
| Alkyl Amines Chemicals ($ALKYLAMINE) | 16.0% | 18.7% | 25.0% | 23.7% | 24.7% |
| Balaji Amines ($BALAMINES) | 19.3% | 16.1% | 15.6% | 16.5% | 21.2% |
| Thirumalai Chemicals ($TIRUMALCHM) | 13.0% | 23.2% | 12.5% | 5.3% | 21.2% |
| |
|---|
| Median (55 companies) | 9.0% | 9.5% | 9.3% | 8.8% | 12.7% |
|---|
| Pentokey Organy (India) ($PNTKYOR) | 26.8% | 24.0% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Riddhi Siddhi Gluco Biols ($RIDDHI) | 6.2x | 6.9x | 0.1x | 0.9x | 105.8x |
| Kanoria Chemicals & Industries ($KANORICHEM) | 5.2x | 9.6x | 3.5x | 9.4x | 10.1x |
| Godrej Industries ($GODREJIND) | 9.9x | 5.7x | 7.9x | 10.7x | 10.0x |
| Iol Chemicals & Pharmaceuticals ($IOLCP) | 5.8x | 4.5x | 3.7x | 35.4x | 8.8x |
| India Glycols ($INDIAGLYCO) | 4.8x | 3.7x | 8.5x | 14.2x | 6.7x |
| |
|---|
| Median (33 companies) | 2.6x | 3.2x | 1.4x | 1.0x | 1.0x |
|---|
