Ai Champdany Industries reports 28.4% revenue decline in FY2016 and almost no change in EBITDA Margin of 3.7%

14-06-2016 • About Ai Champdany Industries ($AICHAMP) • By InTwits

Ai Champdany Industries reported FY2016 financial results today. Here are the key drivers of the company's long term financial model:

• Ai Champdany Industries is a company in decline: FY2016 revenue growth was -28.4%, 5 years revenue CAGR was -8.7%
• EBITDA Margin is relatively stable: 3.7% in FY2016 vs. 3.7% in FY2015 vs. 4.3% 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

The company's Revenue dropped on 28.4%. Revenue decline was accelerating on average at -8.8 pp per annum in FY2012-FY2016. EBITDA Margin showed almost no change in FY2016.

Net Income margin decreased slightly on 1.2 pp from -1.4% to -2.5% in FY2016. Net Income margin followed a declining trend at -0.72 pp per annum in FY2012-FY2016.

Financial and operational results

Ai Champdany Industries ($AICHAMP) key annual financial indicators

mln. INR	2012	2013	2014	2015	2016	2016/2015
P&L
Revenue	3,909	3,564	3,408	3,018	2,162	-28.4%
EBITDA	170	144	168	111	79	-28.2%
Net Income	13	5	12	-41	-55
Balance Sheet
Cash	4	16
Short Term Debt	928	1,000
Long Term Debt	35	0
Cash flow
Capex	145	85
Ratios
Revenue growth	14.5%	-8.8%	-4.4%	-11.4%	-28.4%
EBITDA growth	73.2%	-15.5%	17.2%	-34.2%	-28.2%
EBITDA Margin	4.3%	4.0%	4.9%	3.7%	3.7%	0.0%
Net Income Margin	0.3%	0.1%	0.4%	-1.4%	-2.5%	-1.2%
CAPEX, % of revenue	3.7%	2.4%
ROIC	4.7%	3.5%
ROE	1.2%	0.5%
Net Debt/EBITDA	5.6x	6.9x	0.0x	0.0x	0.0x

Peers in Jute & Jute Products

Below we provide Ai Champdany Industries benchmarking against other companies in Jute & Jute 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	FY2012	FY2013	FY2014	FY2015	FY2016
Ludlow Jute & Specialities ($LUDLOWJUT)	-	1.1%	-2.6%	-15.7%	52.7%
Gloster ($GLOSTER2)	-	10.8%	-3.1%	-2.1%	30.1%
Cheviot Co ($CHEVIOT)	-	-1.6%	-4.1%	-4.1%	28.5%
Median (3 companies)	-	1.1%	-3.1%	-4.1%	30.1%
Ai Champdany Industries ($AICHAMP)	-	-8.8%	-4.4%	-11.4%	-28.4%

Top companies by EBITDA margin, %

Top	FY2012	FY2013	FY2014	FY2015	FY2016
Cheviot Co ($CHEVIOT)	13.3%	14.5%	13.5%	10.1%	13.1%
Gloster ($GLOSTER2)	10.6%	11.6%	8.6%	9.0%	8.8%
Ludlow Jute & Specialities ($LUDLOWJUT)	4.3%	6.4%	3.7%	-2.5%	4.9%
Median (3 companies)	10.6%	11.6%	8.6%	9.0%	8.8%
Ai Champdany Industries ($AICHAMP)	4.3%	4.0%	4.9%	3.7%	3.7%

Top companies by CAPEX/Revenue, %

Top	FY2012	FY2013	FY2014	FY2015	FY2016
Cheviot Co ($CHEVIOT)	2.9%	2.6%	3.0%	1.0%	1.9%
Median (1 company)	2.5%	2.6%	3.0%	1.0%	1.9%

Top companies by ROIC, %

Top	FY2012	FY2013	FY2014	FY2015	FY2016
Cheviot Co ($CHEVIOT)	22.7%	11.8%	9.5%	5.7%	9.7%
Ludlow Jute & Specialities ($LUDLOWJUT)	18.5%	29.3%	-	-	-
Gloster ($GLOSTER2)	-	8.1%	4.6%	-	-
Median (3 companies)	20.6%	11.8%	7.0%	5.7%	9.7%
Ai Champdany Industries ($AICHAMP)	4.7%	3.5%	-	-	-

Top companies by Net Debt / EBITDA

Top	FY2012	FY2013	FY2014	FY2015	FY2016
Cheviot Co ($CHEVIOT)	0.3x	0.1x	0.2x	0.3x	0.1x
Ludlow Jute & Specialities ($LUDLOWJUT)	-0.3x	0.2x	0.0x	-	0.0x
Gloster ($GLOSTER2)	1.2x	1.1x	1.8x	0.0x	0.0x
Median (3 companies)	0.3x	0.2x	0.2x	0.1x	0.0x
Ai Champdany Industries ($AICHAMP)	5.6x	6.9x	0.0x	0.0x	0.0x

Similar news

14-06-2016 Sree Sakthi Paper Mills reports 406% EBITDA decline in 2016 and 35.1% Revenue decline

14-06-2016 Naraingarh Sugar Mills revenue surged on 47.0%

14-06-2016 Prajay Engineers Syndicate revenue dropped on 15.2%

14-06-2016 Opto Circuits (India) Net Debt / EBITDA jumped on 29.7x from 7.4x to 37.1x in 2016 while EBITDA dropped on 87.6%

10-06-2016 Jindal Cotex revenue dropped on 48.1% while EBITDA Margin surged on 16.3 pp from -28.6% to -12.4%