Anik Industries reports 4.4% revenue growth in FY2016 and almost no change in EBITDA Margin of 3.8%
04-06-2016 • About Anik Industries (
$ANIKINDS) • By InTwits
Anik Industries reported FY2016 financial results today. Here are the key drivers of the company's long term financial model: EBITDA Margin is quite volatile: 3.8% in FY2016, 4.1% in FY2015, 1.3% in FY2014, 3.1% in FY2013, 3.3% in FY2012.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Anik Industries's Revenue increased on 4.4%. Revenue decline was accompanies by EBITDA margin decline. EBITDA Margin decreased slightly on 1.5 pp from 1.9% to 0.39% in FY2016.
Net Income margin showed almost no change in FY2016. During FY2012-FY2016 Net Income margin topped in FY2013 at 0.84% and was declining since that time.
Financial and operational results
Anik Industries ($ANIKINDS) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 16,055 | 12,640 | 14,481 | 14,676 | 15,328 | 4.4% |
| EBITDA | 523 | 393 | 194 | 597 | 577 | -3.3% |
| Net Income | 132 | 107 | 111 | 103 | 56 | -45.9% |
Balance Sheet
|
|---|
| Cash | 309 | 554 | | | | |
| Short Term Debt | 3,109 | 2,011 | | | | |
| Long Term Debt | 196 | 97 | | | | |
Cash flow
|
|---|
| Capex | 25 | 364 | | | | |
Ratios
|
|---|
| Revenue growth | 26.0% | -21.3% | 14.6% | 1.4% | 4.4% | |
| EBITDA growth | 52.4% | -24.9% | -50.7% | 207.8% | -3.3% | |
|
|---|
| EBITDA Margin | 3.3% | 3.1% | 1.3% | 4.1% | 3.8% | -0.3% |
| Net Income Margin | 0.8% | 0.8% | 0.8% | 0.7% | 0.4% | -0.3% |
| CAPEX, % of revenue | 0.2% | 2.9% | | | | |
|
|---|
| ROIC | 8.9% | 6.5% | | | | |
| ROE | 6.0% | 4.5% | | | | |
| Net Debt/EBITDA | 5.7x | 4.0x | 0.0x | 0.0x | 0.0x |
Peers in Other Agricultural Products
Below we provide Anik Industries benchmarking against other companies in Other Agricultural Products 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 |
|---|
| Modi Naturals ($MODINATUR) | - | 16.2% | 8.3% | 11.5% | 15.4% |
| Olympic Oil Industries ($OLYOI) | - | 160.6% | 21.1% | -7.8% | 5.2% |
| Avt Natural Products ($AVTNPL) | - | 11.9% | 5.1% | -6.9% | 5.0% |
| Agro Tech Foods ($ATFL) | - | 12.1% | -3.2% | -0.8% | 3.2% |
| Freshtrop Fruits ($FRSHTRP) | - | 43.8% | 29.1% | 0.0% | 0.1% |
| |
|---|
| Median (8 companies) | -13.9% | 35.2% | 16.2% | -0.8% | 1.6% |
|---|
| Anik Industries ($ANIKINDS) | - | -21.3% | 14.6% | 1.4% | 4.4% |
Top companies by Gross margin, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Indrayani Biotech ($INDRANIB) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| |
|---|
| Median (1 company) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kaveri Seed Company ($KSCL) | 20.7% | 19.6% | 21.9% | 26.7% | 21.3% |
| Avt Natural Products ($AVTNPL) | 37.6% | 30.8% | 25.9% | 17.5% | 14.4% |
| Freshtrop Fruits ($FRSHTRP) | 9.3% | 8.9% | 9.8% | 14.1% | 13.4% |
| Agro Tech Foods ($ATFL) | 7.6% | 8.3% | 9.2% | 8.0% | 7.3% |
| Vikas Granaries ($VIKASGRAN) | 10.6% | 14.2% | 9.8% | 5.0% | - |
| |
|---|
| Median (9 companies) | 7.6% | 8.9% | 9.8% | 5.0% | 11.2% |
|---|
| Anik Industries ($ANIKINDS) | 3.3% | 3.1% | 1.3% | 4.1% | 3.8% |
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kaveri Seed Company ($KSCL) | 2.9% | 5.9% | 2.5% | 7.1% | 2.9% |
| Agro Tech Foods ($ATFL) | 4.1% | 6.0% | 6.3% | 5.6% | 5.7% |
| Avt Natural Products ($AVTNPL) | 2.3% | 5.0% | 3.3% | 4.0% | 3.8% |
| Kohinoor Foods ($KOHINOOR) | 1.6% | 1.5% | 1.0% | 0.3% | - |
| |
|---|
| Median (4 companies) | 1.6% | 5.0% | 2.9% | 4.8% | 3.8% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kaveri Seed Company ($KSCL) | 27.5% | 41.1% | 46.8% | 45.9% | 19.3% |
| Avt Natural Products ($AVTNPL) | 58.2% | 41.5% | 32.8% | 19.0% | 15.1% |
| Agro Tech Foods ($ATFL) | 24.0% | 25.3% | 21.2% | 13.9% | 10.2% |
| Kohinoor Foods ($KOHINOOR) | 3.1% | 8.8% | 10.3% | -1.3% | 8.1% |
| Indrayani Biotech ($INDRANIB) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| |
|---|
| Median (12 companies) | 8.6% | 9.3% | 21.2% | 13.9% | 10.2% |
|---|
| Anik Industries ($ANIKINDS) | 8.9% | 6.5% | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kohinoor Foods ($KOHINOOR) | 19.2x | 7.8x | 6.1x | 296.6x | 8.1x |
| Agro Tech Foods ($ATFL) | -0.8x | -0.2x | 0.1x | 0.3x | 1.6x |
| Avt Natural Products ($AVTNPL) | 0.4x | 0.3x | -0.1x | -0.1x | 0.0x |
| Freshtrop Fruits ($FRSHTRP) | 3.3x | 2.5x | 0.0x | 0.0x | 0.0x |
| Olympic Oil Industries ($OLYOI) | - | - | - | 0.0x | 0.0x |
| |
|---|
| Median (7 companies) | 2.1x | 1.5x | 0.0x | 0.0x | 0.0x |
|---|
| Anik Industries ($ANIKINDS) | 5.7x | 4.0x | 0.0x | 0.0x | 0.0x |
