Rasoya Proteins revenue dropped on 89.7%
31-05-2016 • About Rasoya Proteins (
$RASOYPR) • By InTwits
Rasoya Proteins reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts: Rasoya Proteins is a company in decline: FY2016 revenue growth was -89.7%, 5 years revenue CAGR was -29.2%.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Rasoya Proteins's Revenue dropped on 89.7%. Revenue decline was accelerating on average at -70.1 pp per annum in the last 5 years.
Net Income margin dropped on 518 pp from -6.8% to -525% in FY2016. Net Income margin pursued a declining trend in FY2012-FY2016.
Management team
The company's CEO is Anil Narayan Lonkar. Anil Narayan Lonkar has 12 years tenure with the company.
Financial and operational results
Rasoya Proteins ($RASOYPR) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 13,711 | 14,695 | 16,693 | 7,244 | 743 | -89.7% |
| EBITDA | 1,003 | 878 | 1,054 | 107 | | |
| Net Income | 724 | 518 | 540 | -496 | -3,897 | |
Balance Sheet
|
|---|
| Cash | 46 | 154 | 197 | | | |
| Short Term Debt | 1,105 | 1,591 | 1,933 | | | |
| Long Term Debt | 807 | 968 | 771 | | | |
Cash flow
|
|---|
| Capex | 501 | 327 | 31 | | | |
Ratios
|
|---|
| Revenue growth | 228.9% | 7.2% | 13.6% | -56.6% | -89.7% | |
| EBITDA growth | 300.3% | -12.5% | 20.0% | -89.8% | | |
|
|---|
| EBITDA Margin | 7.3% | 6.0% | 6.3% | 1.5% | |
| Net Income Margin | 5.3% | 3.5% | 3.2% | -6.8% | -524.7% | -517.9% |
| CAPEX, % of revenue | 3.7% | 2.2% | 0.2% | | | |
|
|---|
| ROIC | 19.0% | 12.5% | 12.6% | | | |
| ROE | 23.2% | 13.0% | 11.3% | | | |
| Net Debt/EBITDA | 1.9x | 2.7x | 2.4x | 0.0x | |
Peers in Edible Oils
Below we provide Rasoya Proteins benchmarking against other companies in Edible Oils 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 |
|---|
| Ruchi Infrastructure ($RUCHINFRA) | - | -23.4% | 13.4% | -59.0% | 120.1% |
| Poona Dal & Oil Industries ($POONADAL) | - | 30.1% | -23.2% | -33.5% | 34.8% |
| Kriti Nutrients ($KRITINUT) | - | 2.7% | -37.8% | 6.4% | 15.4% |
| Ajanta Soya ($AJANTSOY) | - | 13.2% | 13.1% | 16.8% | 4.8% |
| Natraj Proteins ($NATRAJPR) | - | 44.1% | 14.8% | -17.1% | -33.6% |
| |
|---|
| Median (7 companies) | 48.1% | 7.9% | 4.1% | -25.3% | 4.8% |
|---|
| Rasoya Proteins ($RASOYPR) | - | 7.2% | 13.6% | -56.6% | -89.7% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Divya Jyoti Industries ($DIVYAJYQ) | 3.3% | 2.2% | 2.0% | - | 6.6% |
| Kriti Nutrients ($KRITINUT) | 3.8% | 2.2% | 4.2% | 4.6% | 4.2% |
| Ruchi Infrastructure ($RUCHINFRA) | 1.7% | 1.9% | 1.0% | 0.5% | 1.8% |
| Gokul Refoils & Solvent ($GOKUL) | 0.5% | 1.5% | 2.8% | 1.7% | 1.6% |
| Poona Dal & Oil Industries ($POONADAL) | 1.9% | 1.2% | - | - | 1.2% |
| |
|---|
| Median (7 companies) | 1.8% | 1.7% | 2.4% | 1.1% | 1.6% |
|---|
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ruchi Infrastructure ($RUCHINFRA) | 0.6% | 0.1% | 0.1% | 2.0% | - |
| Gokul Refoils & Solvent ($GOKUL) | 0.8% | 0.4% | 0.4% | 0.9% | 0.1% |
| |
|---|
| Median (2 companies) | 0.6% | 0.3% | 0.3% | 1.4% | 0.1% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ruchi Infrastructure ($RUCHINFRA) | 4.5% | 3.5% | 1.9% | -1.3% | 6.0% |
| Gokul Refoils & Solvent ($GOKUL) | 0.1% | 2.8% | 10.9% | 6.9% | 5.6% |
| Poona Dal & Oil Industries ($POONADAL) | 18.1% | 13.2% | - | - | - |
| Sam Industries ($SAMINDUS) | 25.4% | 4.9% | - | - | - |
| Divya Jyoti Industries ($DIVYAJYQ) | - | - | - | - | - |
| |
|---|
| Median (9 companies) | 5.1% | 4.2% | 6.4% | 2.8% | 5.8% |
|---|
| Rasoya Proteins ($RASOYPR) | 19.0% | 12.5% | 12.6% | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ruchi Infrastructure ($RUCHINFRA) | 3.1x | 7.7x | 13.3x | 52.1x | 6.4x |
| Poona Dal & Oil Industries ($POONADAL) | -0.0x | -2.0x | - | - | 0.0x |
| Divya Jyoti Industries ($DIVYAJYQ) | 0.0x | 2.9x | 0.0x | - | 0.0x |
| Ajanta Soya ($AJANTSOY) | 8.5x | 12.7x | 0.0x | - | 0.0x |
| Kriti Nutrients ($KRITINUT) | 0.3x | 1.0x | 0.0x | 0.0x | 0.0x |
| |
|---|
| Median (6 companies) | 1.7x | 2.0x | 0.0x | 3.7x | 0.0x |
|---|
