Simran Farms EBITDA jumped on 23.4% and Revenue increased slightly on 0.71%
31-05-2016 • About Simran Farms (
$SIMRAN) • By InTwits
Simran Farms reported FY2016 financial results today. Here are the key drivers of the company's long term financial model: EBITDA Margin is quite volatile: 1.6% in FY2016, 1.3% in FY2015, 1.0% in FY2014, -0.4% in FY2013, 1.0% in FY2012.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Simran Farms's Revenue increased slightly on 0.71%. Revenue decline was accelerating on average at -7.6 pp per annum in FY2012-FY2016. EBITDA Margin showed almost no change in FY2016. During the last 5 years EBITDA Margin bottomed in FY2013 at -0.39% and was growing since that time.
Net Income margin showed almost no change in FY2016.
Financial and operational results
Simran Farms ($SIMRAN) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 2,279 | 2,821 | 3,597 | 4,440 | 4,472 | 0.7% |
| EBITDA | 24 | -11 | 37 | 60 | 74 | 23.4% |
| Net Income | 8 | -28 | 8 | 10 | 7 | -31.0% |
Balance Sheet
|
|---|
| Cash | | 26 | | | | |
| Short Term Debt | | 0 | | | | |
| Long Term Debt | | 7 | | | | |
Cash flow
|
|---|
Ratios
|
|---|
| Revenue growth | 38.4% | 23.8% | 27.5% | 23.4% | 0.7% | |
| EBITDA growth | -67.7% | -146.6% | -433.5% | 61.4% | 23.4% | |
|
|---|
| EBITDA Margin | 1.0% | -0.4% | 1.0% | 1.3% | 1.6% | 0.3% |
| Net Income Margin | 0.4% | -1.0% | 0.2% | 0.2% | 0.1% | -0.1% |
|
|---|
Peers in Packaged Foods
Below you can find Simran Farms benchmarking vs. other companies in Packaged Foods 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 |
|---|
| Heritage Foods ($HERITGFOOD) | - | 15.0% | 7.5% | 20.4% | 14.8% |
| Rcl Foods ($RCLFOODS) | -56.8% | -34.2% | 18.2% | 17.8% | - |
| Kwality ($KWALITY) | - | 62.6% | 27.5% | 17.3% | 9.1% |
| Umang Dairies ($UMANGDAIR) | - | 15.7% | 24.5% | 16.1% | -24.8% |
| Britannia Industries ($BRITANNIA) | - | 12.4% | 11.3% | 13.8% | 10.7% |
| |
|---|
| Median (18 companies) | -0.3% | 15.0% | 15.7% | 6.5% | 6.8% |
|---|
| Simran Farms ($SIMRAN) | - | 23.8% | 27.5% | 23.4% | 0.7% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Zydus Wellness ($ZYDUSWELL) | 23.1% | 25.4% | 22.6% | 23.8% | 21.3% |
| Nestle India ($NESTLEIND) | 22.0% | 21.7% | 20.9% | 19.7% | - |
| Glaxosmithkline Consumer Healthcare ($GSKCONS) | 18.6% | 17.8% | 22.5% | 17.2% | 19.4% |
| Sampre Nutritions ($SAMPRE) | - | - | - | 16.8% | - |
| Krbl ($KRBL) | 14.1% | 14.2% | 15.1% | 15.4% | 15.8% |
| |
|---|
| Median (20 companies) | 8.0% | 8.7% | 8.8% | 7.3% | 9.4% |
|---|
| Simran Farms ($SIMRAN) | 1.0% | -0.4% | 1.0% | 1.3% | 1.6% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Krbl ($KRBL) | 4.1% | 4.0% | 6.1% | 7.3% | 5.1% |
| Kwality ($KWALITY) | 1.3% | 0.7% | 1.2% | 1.9% | 3.5% |
| Britannia Industries ($BRITANNIA) | 4.9% | 3.7% | 1.6% | 1.5% | 2.9% |
| Heritage Foods ($HERITGFOOD) | 2.1% | 1.9% | 3.7% | 2.5% | 2.9% |
| Vadilal Industries ($VADILALIND) | 12.2% | 9.4% | 5.9% | 2.2% | 2.9% |
| |
|---|
| Median (9 companies) | 3.5% | 3.8% | 3.7% | 2.2% | 2.9% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Britannia Industries ($BRITANNIA) | 24.6% | 33.7% | 54.0% | 59.4% | 66.7% |
| Glaxosmithkline Consumer Healthcare ($GSKCONS) | 44.6% | - | - | 36.2% | 35.7% |
| Heritage Foods ($HERITGFOOD) | 11.7% | 29.6% | 22.4% | 13.5% | 26.3% |
| Zydus Wellness ($ZYDUSWELL) | - | 41.0% | 28.8% | 24.5% | 18.6% |
| Krbl ($KRBL) | 11.7% | 14.5% | 18.3% | 17.0% | 17.6% |
| |
|---|
| Median (18 companies) | 12.1% | 14.3% | 21.1% | 21.3% | 17.6% |
|---|
| Simran Farms ($SIMRAN) | - | - | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kwality ($KWALITY) | 3.9x | 3.9x | 3.6x | 8.1x | 3.6x |
| Vadilal Industries ($VADILALIND) | 2.6x | 4.5x | 3.9x | 4.0x | 2.1x |
| Venky'S (India) ($VENKYS) | 2.6x | 2.8x | 6.7x | 3.9x | 3.6x |
| Bambino Agro Industries ($BAMBINO) | 3.2x | - | 3.2x | 2.9x | - |
| Krbl ($KRBL) | 4.1x | 2.9x | 3.0x | 2.7x | 2.1x |
| |
|---|
| Median (18 companies) | 1.9x | 0.9x | 1.2x | 0.0x | 0.2x |
|---|
| Simran Farms ($SIMRAN) | 0.0x | - | 0.0x | 0.0x | 0.0x |
