Sintex Industries Ltd Stock Analysis

BSE: 502742 | NSE: SINTEX | Textile | Small Cap

BSE Share Price Mar 21, 18:01
7.82 0.00 (0.00%)

DeciZen - Make an Informed Decision on Sintex Industries

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

FAQs

1. Is Sintex Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sintex Industries Ltd is a below average quality company.

2. Is Sintex Industries Ltd undervalued or overvalued?

The key valuation ratios of Sintex Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Sintex Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sintex Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sintex Industries:

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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 6.7%7.9%8.2%8.4%7.6%2%2.3%1.6%-7%-5%-
Value Creation Index -0.5-0.4-0.4-0.4-0.5-0.9-0.8-0.9-1.5-1.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,5632,9693,2334,0064,8761,4302,0362,8211,6351,6892,782
YoY Gr. Rt. %-15.9%8.9%23.9%21.7%-70.7%42.3%38.6%-42%3.3%-
Adj EPS 910.410.810.511.82.12.10.2-20.6-16.8-9.8
YoY Gr. Rt. %-16.1%3.9%-2.8%12.6%-82.5%3.4%-89.7%-9445.5%NA-
BVPS (₹) 83.58693.597.2108.471.7747452.731.323.9
Adj Net Profit 24933234445653711312713-1,221-1,004-585
Cash Flow from Ops. -2605997128095316206398421894.5-
Debt/CF from Ops. -10.65.24.94.99.26.786.56.129.769.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4.5%-19.1%-6%3.3%
Adj EPS -207.2%-207.2%-298.6%NA
BVPS -10.3-22-25-40.6
Share Price -17.3% -41.8% 2.4% 111.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 11.112.911.812.511.72.63.10.3-32.5-40.1-35.4
Op. Profit Mgn % 20.219.922.422.517.718.814.813.7-188.615.1
Net Profit Mgn % 9.711.210.711.4117.96.20.5-74.7-59.5-21
Debt to Equity 1.21.11.20.911.11.21.42.13.5-
Working Cap Days 3143133343152545933062603893090
Cash Conv. Cycle 130134126110982361106958310

Recent Performance Summary

Sales growth is good in last 4 quarters at 116.04%

Return on Equity is Poor

Sales growth has been subdued in last 3 years -6.03%

Debt to equity has increased versus last 3 years average to 3.49

Latest Financials - Sintex Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -9.8 -10
TTM Sales (₹ Cr.) 2,782 2,753
BVPS (₹.) 23.9 23.8
Reserves (₹ Cr.) 1,373 1,366
P/BV 0.33 0.33
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 3.36 / 20.45
All Time Low / High (₹) 0.56 / 302.17
Market Cap (₹ Cr.) 469
Equity (₹ Cr.) 59.9
Face Value (₹) 1
Industry PE 13.1

Management X-Ray of Sintex Industries :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *15.5415.5415.540.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Sintex Industries Ltd

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
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