Rajvir Industries revenue surged on 71.3%

31-05-2016 • About Rajvir Industries ($RAJVIR) • By InTwits

Rajvir Industries 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

The company's Revenue jumped on 71.3%. During the last 5 years Revenue growth bottomed in FY2015 at -49.2%.

Net Income margin increased on 7.9 pp from -11.6% to -3.7% in FY2016.

Financial and operational results

Rajvir Industries ($RAJVIR) key annual financial indicators

mln. INR	2012	2013	2014	2015	2016	2016/2015
P&L
Revenue	3,018	2,846	1,968	1,000	1,712	71.3%
EBITDA	387	398			168
Net Income	-95	45	-190	-116	-64
Balance Sheet
Cash	69	56
Short Term Debt	709	684
Long Term Debt	702	506
Cash flow
Capex	103
Ratios
Revenue growth	9.9%	-5.7%	-30.9%	-49.2%	71.3%
EBITDA growth	-27.7%	2.9%

EBITDA Margin	12.8%	14.0%			9.8%
Net Income Margin	-3.2%	1.6%	-9.6%	-11.6%	-3.7%	7.9%
CAPEX, % of revenue	3.4%

ROIC	11.9%	14.2%
ROE	-18.3%	8.3%
Net Debt/EBITDA	3.5x	2.8x			0.0x

Peers in Textiles

Below you can find Rajvir Industries benchmarking vs. other companies in Textiles 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
Raj Rayon Industries ($RAJRAYON)	-	3.8%	-33.7%	-61.0%	146.1%
Olympia Industries ($OLYMPTX)	-	-96.6%	74,809.1%	1,749.9%	50.5%
Prag Bosimi Synthetics ($PRAGBOS)	-	-	-	-	34.5%
Nitin Spinners ($NITINSPIN)	-	4.1%	9.5%	26.2%	24.4%
Blue Chip Tex Industries ($BLUECHIPT)	-	12.9%	29.9%	56.1%	23.7%
Median (70 companies)	-1.0%	10.0%	14.6%	-0.1%	-4.0%
Rajvir Industries ($RAJVIR)	-	-5.7%	-30.9%	-49.2%	71.3%

Top companies by EBITDA margin, %


Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Sil Investments ($SILINV)	-	-	-	93.8%	-
Swadeshi Polytex ($SWADPOL)	-	-	-	64.4%	-
Binny ($BINNY)	-	-	-	60.9%	-
Ruby Mills ($RUBYMILLS)	28.3%	25.1%	28.6%	29.3%	35.4%
Premier Synthetics ($PREMSYN)	-	-	-	25.9%	-
Median (87 companies)	6.2%	9.5%	9.5%	7.0%	8.7%

Top companies by CAPEX/Revenue, %


Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Welspun India ($WELSPUNIND)	5.6%	7.8%	16.4%	10.9%	17.7%
SRF ($SRF)	0.0%	18.7%	20.0%	11.4%	13.0%
Grasim Industries ($GRASIM)	17.7%	21.7%	11.6%	10.2%	7.7%
Arvind ($ARVIND)	9.4%	7.0%	6.5%	7.2%	7.3%
Sutlej Textiles & Industries ($SUTLEJTEX)	3.4%	1.8%	5.6%	10.7%	7.1%
Median (17 companies)	3.2%	5.6%	6.8%	6.7%	4.6%

Top companies by ROIC, %


Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Welspun India ($WELSPUNIND)	9.3%	15.6%	8.5%	21.9%	25.2%
Jindal Worldwide ($JINDWORLD)	14.5%	15.2%	13.7%	11.0%	18.0%
Nitin Spinners ($NITINSPIN)	6.0%	19.5%	21.5%	17.5%	17.8%
Sangam (India) ($SANGAMIND)	9.8%	14.7%	12.2%	12.8%	15.0%
Sutlej Textiles & Industries ($SUTLEJTEX)	9.5%	13.6%	19.8%	14.6%	14.4%
Median (115 companies)	3.5%	8.9%	8.9%	9.5%	10.2%
Rajvir Industries ($RAJVIR)	11.9%	14.2%	-	-	-

Top companies by Net Debt / EBITDA


Top 5	FY2012	FY2013	FY2014	FY2015	FY2016
Jaybharat Textiles & Real Estate ($JAYTEX)	10.9x	53.6x	23.8x	-	247.8x
Bombay Rayon Fashions ($BRFL)	4.9x	4.9x	11.6x	10.0x	7.3x
Filatex India ($FILATEX)	8.0x	6.5x	0.0x	0.0x	4.9x
Ruby Mills ($RUBYMILLS)	12.6x	15.3x	10.8x	8.6x	4.8x
Raymond ($RAYMOND)	3.7x	4.6x	3.7x	4.1x	4.5x
Median (65 companies)	3.8x	3.2x	0.0x	0.0x	0.0x
Rajvir Industries ($RAJVIR)	3.5x	2.8x	-	-	0.0x

Rajvir Industries stock price chart

Rajvir Industries financials

mln.	FY2010	FY2011	FY2012

Revenue	2,032	2,746	3,018
EBITDA	267.9	535.3	386.9
Net income	22.669	142.8	-95.367
CAPEX	143.2	61.472	102.8
Debt	2,065	1,735	1,411
Cash	2.750	54.144	69.222

About Rajvir Industries

Rajvir Industries Limited manufactures and sells yarns primarily in India. It offers cotton yarns, including combed, organic, blended, fair trade, and pima/giza cotton yarns; specialty blends, such as cashmere/angora blends, wool blends, spun silk and blends, nylon polyamide blends, and triblend yarns; and fancy yarns comprising snow, mock twist/grindle, denim, single nep/multi-color nep, magic, irregular pattern, neppy, and metal yarns. The company also provides eco-friendly yarns, such as modal and modal blend, micro modal and micro modal blend, linen blend, viscose and viscose blend, excel and excel blend, recycled polyester blend, and cotton blend yarns; and technical textile products comprising Protex M/Protex C, FR/combed cotton/anti-static, and kermel/anti-static/ARAMID blends. In addition, it produces m?lange, synthetics, dyed products, compact yarns, flame retardant yarns, and supima blends, as well as trades in raw cotton. Further, Rajvir Industries Limited exports its products to approximately 42 countries in Central America, Asia, Africa, and Europe. The company was founded in 1962 and is based in Secunderabad, India.