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Sintex Industries Ltd Stock Analysis

Small Cap
Evaluated by 6240 users | BSE: 502742 | NSE: SINTEX |
Plastic Products
Sintex Industries (Earlier known as The Bharat Vijay Mills) has two divisions - textiles and plastics. In the area of textiles, the company has been pioneers in high value fabrics.Its Plastics Division started in the year 1975 and today it has most diversified manufacturing capabilities in...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sintex Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 9.24%6.69%7.88%8.2%8.36%7.62%1.97%2.26%1.58%-7.04%
Value Creation Index -0.35-0.42NANANANANANANANA
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,6162,5632,9693,2334,0064,8761,4302,0362,8211,635
Y-o-Y Gr. Rt.--2%15.9%8.9%23.9%21.7%-70.7%42.3%38.6%-42%
Adjusted EPS (Rs.) 12.338.9610.410.8110.5111.832.072.140.22-20.56
Y-o-Y Gr. Rt.--27.3%16.1%3.9%-2.8%12.6%-82.5%3.4%-89.7%-9445.5%
Book Value per Share (Rs.) 77.7183.5385.9593.5497.24108.3571.72747452.68
Adjusted Net Profit 34224933234445653711312713-1,221
Net Op. Cash Flow (Rs. Cr.) 806-26059971280953162063984218
Debt to Cash Flow from Ops 3.1-10.615.174.934.889.26.6786.476.0529.68
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Sintex Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -5.1%-16.4%4.6%-42%
Adjusted EPS -205.9%-214.4%-315%-9445.5%
Book Value per Share -4.2-11.5-9.8-28.8
Share Price -26.9% -43.9% -44.1% 404.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 16.8911.0512.9211.7912.5411.742.553.060.3-32.46
Operating Profit Margin (%) 22.7420.1819.8522.3822.5117.6718.8414.7813.69-18.04
Net Profit Margin (%) 13.099.7211.1710.6511.3811.027.886.240.46-74.71
Debt to Equity 1.161.21.141.190.940.991.061.241.352.07
Working Capital Days 238314313334315254593306260389
Cash Conversion Cycle 93130134126110982361106958
Entity Percentage Holding
Promoters 4.58%
Institutions 0.38%
Non-Institutions 95.05%
Pledged *84.9584.9584.0184.0181.7915.5415.5415.540.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Sintex Industries Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Sintex Industries Ltd is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Sintex Industries Ltd's performance infers:

Sintex Industries Ltd earnings have declined by -214.4%, whereas share price has depreciated -43.9% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Sintex Industries Ltd share prices over the last 10 years. Here is what we found out:

Sintex Industries Ltd share price has depreciated -30.2% annually over the past ten years.

Sintex Industries (Earlier known as The Bharat Vijay Mills) has two divisions - textiles and plastics. In the area of textiles, the company has been pioneers in high value fabrics.

Its Plastics Division started in the year 1975 and today it has most diversified manufacturing capabilities in plastic processing in the world, with 10 plants spread across the country, more than twelve manufacturing processes under one roof, having more than 500,000 Sq. meter area and a more than 1000 strong

Sintex Industries (Earlier known as The Bharat Vijay Mills) has two divisions - textiles and plastics. In the area of textiles, the company has been pioneers in high value fabrics.

Its Plastics Division started in the year 1975 and today it has most diversified manufacturing capabilities in plastic processing in the world, with 10 plants spread across the country, more than twelve manufacturing processes under one roof, having more than 500,000 Sq. meter area and a more than 1000 strong work force. The company has also created extensive finishing, assembling, metal fabrication and concrete products facilities. Combination of such varied capabilities along with the company’s state-of-the-art design and tool room facilities enables it to give vast array of products and solutions.

Businesses

Plastic- Sintex manufactures wide range of plastic products catering to various segments like construction, interiors, Industries and consumers. It manufactures products like tanks, PVC Pipes, Doors, window panels, kitchen cabinets, furniture, shelters, pallets, insulated boxes, chemical tanks, meter boxes, bins, solar water heating system etc.

Core business being plastic products, it is also into manufacturing of plastic moulds customised according the industries requirements.

Fabrics- It manufactures wide range of Men’s and Ladies apparels and furnishing.

Milestones

  • 1975 Moulded Polyethylene Industrial Containers and Tanks of sizes up to 10,000 liters 
  • 1977 Material Handling Containers for Industries and Institutions
  • 1978 Water Tank 
  • 1985 Plastic Sections for Conversion into Partitions, False Ceilings, Wall Panellings, Cabins, Cabinets, Furniture etc. 
  • 1988 Plastic Doors, Windows and Frames 
  • 1989 Insulated Containers, Sandwich Panels, Agri Containers and Biogas Holders 
  • 1990 SMC and SMC Moulded Products, Pultruded Products, Resin Transfer Moulded (RTM) Products, Blow Moulded Products, Injection Moulded Products etc. 
  • 1995 Water Filters cum Purifiers 
  • 2000 Solar Water Heaters
  • 2001 Prefabs 
  • 2002 Turnkey Blow Moulding & Profile Extrusion Plants 
  • 2004 FRP Underground Storage Tanks
  • 2005 ISO 9001 Certification, Monolithic Concrete Construction Technology
  • 2006 UL Listed for FRP Underground Petroleum Tanks
  • 2008 Sandwich Panels   
  • 2010 Package Sewage Treatment Plants (PSTP) & Manholes
  • 2011 Prefab Homes, Gloria Siding Panels
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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