Super Tannery reports 21.6% revenue decline in FY2016 and almost no change in EBITDA Margin of 8.4%
31-05-2016 • About Super Tannery (
$SUPTANERY) • By InTwits
Super Tannery reported FY2016 financial results today. Here are the key drivers of the company's long term financial model: EBITDA Margin is relatively stable: 8.4% in FY2016 vs. 7.9% in FY2015 vs. 7.6% in FY2012.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Super Tannery's Revenue dropped on 21.6%. During FY2012-FY2016 Revenue growth topped in FY2014 at 34.6% and was decelerating since that time. EBITDA Margin showed almost no change in FY2016.
Net Income margin showed almost no change in FY2016.
Financial and operational results
Super Tannery ($SUPTANERY) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 2,599 | 2,607 | 3,510 | 3,156 | 2,474 | -21.6% |
| EBITDA | 198 | 205 | 271 | 251 | 207 | -17.6% |
| Net Income | 57 | 56 | 96 | 56 | 47 | -17.5% |
Balance Sheet
|
|---|
Cash flow
|
|---|
Ratios
|
|---|
| Revenue growth | -1.4% | 0.3% | 34.6% | -10.1% | -21.6% | |
| EBITDA growth | 107.3% | 3.5% | 31.9% | -7.3% | -17.6% | |
|
|---|
| EBITDA Margin | 7.6% | 7.9% | 7.7% | 7.9% | 8.4% | 0.4% |
| Net Income Margin | 2.2% | 2.1% | 2.7% | 1.8% | 1.9% | 0.1% |
|
|---|
Peers in Other Apparels & Accessories
Below you can find Super Tannery benchmarking vs. other companies in Other Apparels & Accessories 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 |
|---|
| Goldiam International ($GOLDIAM) | - | 8.3% | 18.1% | -62.1% | 177.5% |
| Pearl Global Industries ($PGIL) | - | 36.5% | 23.0% | -78.2% | 36.1% |
| Timex Group India ($TIMEX) | - | -33.8% | 1.8% | 15.2% | 21.3% |
| Page Industries ($PAGEIND) | - | 26.3% | 37.5% | 30.0% | 15.5% |
| Pc Jeweller ($PCJEWELLER) | - | 32.1% | 32.5% | 19.5% | 15.2% |
| |
|---|
| Median (22 companies) | 28.3% | 20.9% | 15.3% | 3.8% | 4.6% |
|---|
| Super Tannery ($SUPTANERY) | - | 0.3% | 34.6% | -10.1% | -21.6% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Ceenik Exports (India) ($CEENIK) | - | - | - | 27.2% | - |
| Arrow Textiles ($ARROWTEX) | - | - | - | 25.2% | - |
| Page Industries ($PAGEIND) | 21.1% | 20.5% | 21.5% | 20.7% | 21.2% |
| Banaras Beads ($BANARBEADS) | - | - | - | 17.9% | - |
| Rupa & Company ($RUPA) | 12.7% | 15.0% | 15.3% | 14.5% | 13.3% |
| |
|---|
| Median (33 companies) | 7.5% | 5.5% | 5.4% | 4.8% | 5.0% |
|---|
| Super Tannery ($SUPTANERY) | 7.6% | 7.9% | 7.7% | 7.9% | 8.4% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Zodiac Clothing Co ($ZODIACLOTH) | 5.7% | 3.9% | 4.0% | 5.0% | 7.0% |
| Rupa & Company ($RUPA) | 1.9% | 3.9% | 1.7% | 2.2% | 2.8% |
| Pearl Global Industries ($PGIL) | 0.9% | 0.7% | 1.3% | 3.1% | 1.7% |
| Page Industries ($PAGEIND) | 4.0% | 5.2% | 4.4% | 3.6% | 1.5% |
| Timex Group India ($TIMEX) | 1.5% | 2.1% | 1.1% | 0.6% | 1.3% |
| |
|---|
| Median (12 companies) | 1.6% | 1.2% | 1.0% | 0.7% | 0.6% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Page Industries ($PAGEIND) | 54.9% | 58.5% | 61.6% | 59.2% | 60.1% |
| Ashapura Intimates Fashion ($AIFL) | 24.1% | 19.1% | 23.4% | 39.9% | 30.2% |
| Pc Jeweller ($PCJEWELLER) | - | 34.1% | 28.0% | 25.5% | 23.4% |
| Rupa & Company ($RUPA) | 22.4% | 27.1% | 25.8% | 23.8% | 22.0% |
| Thangamayil Jewellery ($THANGAMAYL) | 34.8% | 19.0% | 3.3% | -1.6% | 13.1% |
| |
|---|
| Median (36 companies) | 9.8% | 7.2% | 10.9% | 7.7% | 9.6% |
|---|
| Super Tannery ($SUPTANERY) | - | - | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Tribhovandas Bhimji Zaveri ($TBZ) | 1.6x | 2.7x | 4.1x | 6.6x | 16.2x |
| Zodiac Clothing Co ($ZODIACLOTH) | 1.2x | 1.4x | 0.6x | 1.8x | 12.6x |
| Kanani Industries ($KANANIIND) | 11.3x | 7.9x | 6.0x | 8.5x | 6.9x |
| Asian Star Co ($ASTAR) | 7.1x | 7.1x | 5.9x | 4.8x | 5.2x |
| Bhartiya International ($BIL) | 2.3x | 3.2x | 3.5x | 3.1x | 3.4x |
| |
|---|
| Median (23 companies) | 2.3x | 2.9x | 0.6x | 0.6x | 1.0x |
|---|
| Super Tannery ($SUPTANERY) | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
