Net profit ratio of the largest shipbuilding enterprises

ranking 26/05/2021

Information agency Credinform represents a ranking of the largest Russian shipbuilding enterprises. Companies with the largest volume of annual revenue (TOP 10 and TOP 100) were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2018 - 2020). They were ranked by the net profit ratio (Table 1). The selection and analysis were based on the data of the Information and Analytical system Globas.

Net profit ratio (%) is net profit (loss) to sales revenue. The ratio is indcative of the level of profit on sales.

There is no standard value for this ratio. It is recommended to compare companies of the same industry or to analyse the changes in this ratio for a specified company. Negative value of the ratio shows there is a net loss. High value speaks about the effective operations.

For the most complete and objective view of the financial condition of the enterprise, it is necessary to pay attention to the complex of indicators and financial ratios of the company.

Table 1. Net profit, revenue, current assets to equity ratio and solvency index Globas of the shipbuilding companies (TOP 10)
Name, INN, region Revenue, million RUB Net profit (loss), million RUB Net profit ratio, % Solvency index Globas
2019 2020 2019 2020 2019 2020
1 2 3 4 5 6 7 8
JSC OKSKAYA SHIPYARD
INN 5223004199 Nizhniy Novgorod region
up9 066,6 up9 214,5 up1 880,0 down866,6 up20,74 down9,40 191 High
JSC KRASNOE SORMOVO PLANT
INN 5263006629 Nizhniy Novgorod region
up11 763,6 down11 709,2 up708,9 up1 019,7 up6,03 up8,71 195 High
JSC UNITED SHIPBUILDING CORPORATION
INN 7838395215 Saint Petersburg
up68 832,0 up85 665,0 up509,7 up1 501,2 up0,74 up1,75 228 Strong
JSC SREDNE-NEVSKY SHIPBILDING PLANT
INN 7817315385 Saint Petersburg
down10 459,0 up11 137,5 up952,4 down189,3 up9,11 down1,70 206 Strong
JSC SHIPBUILDING PLANT SEVERNAYA VERF
INN 7805034277 Saint Petersburg
up20 736,6 down14 929,5 up-534,5 up173,4 up-2,58 up1,16 254 Medium
JSC LENINGRAD SHIPYARD PELLA
INN 4706000296 Leningrad region
up13 554,3 down10 990,4 down29,6 down-1 119,8 down0,22 down-10,19 300 Adequate
JSC SHIPYARD YANTAR
INN 3900000111 Kaliningrad region
down9 332,1 up11 288,7 down-2 757,7 up-1 723,1 down-29,55 up-15,26 316 Adequate
JSC AMUR SHIPBUILDING PLANT
INN 2703000015 Khabarovsk territory
up13 675,9 up16 850,6 up-2 131,2 down-4 503,3 up-15,58 down-26,72 289 Medium
LLC SHIPBUILDING COMPLEX ZVEZDA
INN 2503032517 Primorye territory
up4 994,2 up11 061,5 down-3 990,9 down-4 154,0 up-79,91 up-37,55 313 Adequate
JSC BALTIC SHIPYARD
INN 7830001910 Saint Petersburg
down20 654,3 down18 929,8 down-6 444,2 down-7 878,8 down-31,20 down-41,62 269 Medium
Average value for TOP 10 up18 306,9 up20 177,7 down-1 177,8 down-1 562,9 up-12,20 up-10,86  
Average value for TOP 100 up2 369,6 up2 369,6 down-136,1 down-181,6 up1,49 down1,17  
Average industry value down386,6 down270,2 down-10,2 down-18,1 down-2,64 down-6,71  

вверх growth of indicator to the previous period, вниз fall of indicator to the previous period

The industry average values of the net profit ratio, as well as the values of TOP 10, were negative in 2020. Five companies decreased their values in 2020, while only three ones did in 2019.

In 2020, six companies gained their revenues, three ones increased net profit and one company reduced its loss.

The revenue of TOP 10 and TOP 100 climbed at average 10% and the industry average figure fell 30%. The loss of TOP 10 and TOP 100 jumped 33%. On average for the industry, there is a 77% increase in the loss.

Over the past five years, the industry average values of the net profit ratio have declined over three periods. The highest value was recorded in 2017 and the lowest one was in 2020 (Picture 1).

Picture 1. Change in the industry average values of the net profit ratio of shipbuilding enterprises in 2016 - 2020 Picture 1. Change in the industry average values of the net profit ratio of shipbuilding enterprises in 2016 - 2020