Naraingarh Sugar Mills revenue surged on 47.0%
14-06-2016 • About Naraingarh Sugar Mills (
$NARSM) • By InTwits
Naraingarh Sugar Mills reported FY2016 financial results today. Here are the key drivers of the company's long term financial model: Naraingarh Sugar Mills is a growth stock: FY2016 revenue growth was 47.0%, 5 year revenue CAGR was 12.1% at FY2016 ROIC .
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue jumped on 47.0%.
Net Income margin jumped on 14.6 pp from -17.5% to -2.9% in FY2016. During FY2012-FY2016 Net Income margin bottomed in FY2015 at -17.5%.
Financial and operational results
Naraingarh Sugar Mills ($NARSM) key annual financial indicators| mln. INR | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 822 | 1,202 | 1,713 | 1,143 | 1,679 | 47.0% |
| EBITDA | 129 | 128 | | | | |
| Net Income | 18 | 26 | 14 | -200 | -49 | |
Balance Sheet
|
|---|
| Cash | | 17 | | | | |
| Short Term Debt | 0 | 135 | | | | |
| Long Term Debt | 0 | 112 | | | | |
Cash flow
|
|---|
Ratios
|
|---|
| Revenue growth | -13.3% | 46.2% | 42.5% | -33.3% | 47.0% | |
| EBITDA growth | | -0.7% | | | | |
|
|---|
| EBITDA Margin | 15.7% | 10.7% | | | |
| Net Income Margin | 2.2% | 2.1% | 0.8% | -17.5% | -2.9% | 14.6% |
|
|---|
| Net Debt/EBITDA | 0.0x | 1.8x | | | |
Peers in Sugar
Below we provide Naraingarh Sugar Mills benchmarking against other companies in Sugar 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 |
|---|
| Dhampur Sugar Mills ($DHAMPURSUG) | - | -3.7% | 23.1% | -2.5% | 25.6% |
| Dalmia Bharat Sugar And Industries ($DALMIASUG) | - | 35.8% | 19.4% | -3.5% | 1.4% |
| Rajshree Sugars & Chemicals ($RAJSREESUG) | - | 13.7% | -3.0% | -22.9% | 0.3% |
| Sakthi Sugars ($SAKHTISUG) | - | 7.9% | -13.5% | -57.9% | -2.2% |
| Shree Renuka Sugars ($RENUKA) | - | - | 11.5% | -12.6% | -2.6% |
| |
|---|
| Median (11 companies) | -0.4% | 13.7% | 11.5% | -3.5% | -2.7% |
|---|
| Naraingarh Sugar Mills ($NARSM) | - | 46.2% | 42.5% | -33.3% | 47.0% |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Dalmia Bharat Sugar And Industries ($DALMIASUG) | 11.6% | 15.0% | 9.1% | 9.9% | 19.4% |
| Dhampur Sugar Mills ($DHAMPURSUG) | 13.3% | 15.0% | 7.1% | 8.4% | 10.3% |
| K.M.Sugar Mills ($KMSUGAR) | 6.8% | - | 10.1% | - | 8.5% |
| Dcm Shriram Industries ($DCMSRMIND) | 4.8% | 6.3% | 7.1% | - | 7.0% |
| Rajshree Sugars & Chemicals ($RAJSREESUG) | 12.2% | 13.3% | 6.9% | 0.9% | 6.0% |
| |
|---|
| Median (9 companies) | 11.1% | 13.3% | 8.3% | 1.7% | 6.0% |
|---|
Top companies by CAPEX/Revenue, %
| Top | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Shree Renuka Sugars ($RENUKA) | - | 3.5% | 2.6% | 1.9% | 9.7% |
| Dalmia Bharat Sugar And Industries ($DALMIASUG) | 2.1% | 14.6% | 15.1% | 4.4% | 7.4% |
| Dhampur Sugar Mills ($DHAMPURSUG) | 3.9% | 6.0% | 13.7% | 2.8% | 2.2% |
| Kcp Sugar & Industries Corporation ($KCPSUGIND) | 1.3% | 1.6% | 0.4% | 3.5% | 2.0% |
| |
|---|
| Median (4 companies) | 2.3% | 3.5% | 2.4% | 2.8% | 4.8% |
|---|
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Dhampur Sugar Mills ($DHAMPURSUG) | - | 8.4% | 2.9% | 5.2% | 8.7% |
| Dalmia Bharat Sugar And Industries ($DALMIASUG) | 3.6% | 6.0% | 4.4% | 4.7% | 7.9% |
| Kcp Sugar & Industries Corporation ($KCPSUGIND) | 10.1% | 21.0% | 14.5% | -8.8% | 2.1% |
| Shree Renuka Sugars ($RENUKA) | 0.0% | 6.6% | -1.2% | -9.3% | -13.8% |
| Piccadily Sugar & Allied Industries ($PICCASUG) | 6.9% | -12.7% | - | - | - |
| |
|---|
| Median (14 companies) | 4.0% | 6.4% | 3.1% | 2.1% | 5.0% |
|---|
| Naraingarh Sugar Mills ($NARSM) | - | - | - | - | - |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Shree Renuka Sugars ($RENUKA) | - | 4.0x | 7.8x | 13.5x | 21.6x |
| Rajshree Sugars & Chemicals ($RAJSREESUG) | 5.3x | 4.2x | 9.4x | 0.0x | 15.3x |
| Dhampur Sugar Mills ($DHAMPURSUG) | 4.8x | 6.4x | 10.2x | 9.8x | 6.3x |
| Kcp Sugar & Industries Corporation ($KCPSUGIND) | 2.4x | 0.6x | 1.3x | - | 5.1x |
| Dcm Shriram Industries ($DCMSRMIND) | 8.0x | 5.7x | 3.2x | - | 4.1x |
| |
|---|
| Median (10 companies) | 6.4x | 5.6x | 3.2x | 8.3x | 4.0x |
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