Sintex Industries Ltd

Sintex Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sintex Industries Ltd

₹ 2.30 -2.13%
10 Feb 2023
Company website BSE: 502742 NSE: SINTEX
About

Sintex Industries Ltd, incorporated in 1931, is primarily engaged in the business of manufacture and sale of textiles and yarns. The Textile Division of the company is situated at Kalol, Gujarat and its Yarn Division is situated at Amreli, Gujarat..[1][2]

Key Points

** Business segments**[1]
Till FY16, SIL had three business segments i.e. Textile, Plastic and Infrastructure. However, under the composite scheme of arrangement amongst various Sintex group companies, SIL had demerged its Plastic and Infrastructure business with effect from April 1, 2016 and continued with textile business.

Website BSE NSE - BE
  • Market Cap ₹ 138 Cr.
  • Current Price ₹ 2.30
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ 13.4
  • Dividend Yield 0.00 %
  • ROCE 2.99 %
  • ROE -35.7 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.17 times its book value
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.54%
  • Promoter holding is low: 4.00%
  • Company has a low return on equity of -34.3% over last 3 years.
  • Contingent liabilities of Rs.217 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Spinning - Synthetic / Blended

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
416 457 151 288 544 706 465 644 968 1,050 898 655 699
456 542 173 284 487 599 389 561 813 934 837 671 710
Operating Profit -40 -85 -22 5 57 107 75 84 155 116 60 -16 -11
OPM % -10% -19% -15% 2% 10% 15% 16% 13% 16% 11% 7% -3% -2%
8 4 -425 14 14 25 12 16 23 26 14 14 -513
Interest 186 221 190 186 212 207 193 208 208 202 217 224 236
Depreciation 71 71 70 71 71 69 65 66 66 65 65 66 66
Profit before tax -289 -373 -708 -238 -212 -144 -171 -174 -96 -125 -208 -293 -826
Tax % 1% -21% -0% -0% 0% -0% 0% -0% 0% 0% 0% 0% 0%
-292 -294 -708 -238 -212 -144 -171 -174 -96 -125 -208 -293 -826
EPS in Rs -4.91 -4.95 -11.92 -4.01 -3.57 -2.40 -2.86 -2.91 -1.61 -2.09 -3.46 -4.88 -13.78
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2,616 2,563 2,969 3,233 4,006 915 1,430 2,036 2,821 1,635 1,689 3,126 3,300
2,021 2,045 2,381 2,512 3,106 708 1,161 1,735 2,435 1,971 1,543 2,697 3,152
Operating Profit 595 517 588 721 900 207 270 301 386 -336 146 430 148
OPM % 23% 20% 20% 22% 22% 23% 19% 15% 14% -21% 9% 14% 4%
60 15 -8 93 90 514 84 120 92 27 -372 77 -458
Interest 87 110 144 237 229 68 90 107 209 742 795 812 880
Depreciation 89 98 123 138 145 73 132 142 232 284 282 262 261
Profit before tax 479 323 312 438 617 581 131 172 36 -1,335 -1,302 -567 -1,451
Tax % 25% 29% 14% 24% 26% 5% 3% 21% 47% -6% -0% 0%
358 230 269 335 458 550 127 136 19 -1,250 -1,302 -567 -1,451
EPS in Rs 11.17 7.18 7.33 9.13 9.15 10.51 2.34 2.29 0.32 -21.04 -21.73 -9.47 -24.21
Dividend Payout % 5% 8% 8% 6% 6% 6% 11% 4% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 17%
3 Years: 3%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -57%
Stock Price CAGR
10 Years: -21%
5 Years: 13%
3 Years: -44%
1 Year: %
Return on Equity
10 Years: -2%
5 Years: -16%
3 Years: -34%
Last Year: -36%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 27 27 31 31 42 45 54 59 59 59 60 60 60
Reserves 2,145 2,307 2,768 3,011 4,191 4,880 3,852 4,337 4,337 3,070 1,814 1,245 744
2,416 2,758 3,096 3,514 3,947 4,882 4,135 5,443 5,951 6,472 6,533 6,670 6,744
882 818 689 826 1,029 842 396 580 1,106 957 1,453 2,195 2,520
Total Liabilities 5,470 5,910 6,585 7,382 9,209 10,648 8,438 10,420 11,453 10,558 9,860 10,170 10,068
1,789 2,010 2,107 2,665 4,055 6,398 3,762 5,880 8,306 8,013 7,305 7,043 6,913
CWIP 56 76 125 84 204 172 2,493 2,350 1,010 1,065 1,066 1,066 1,066
Investments 1,124 874 967 1,029 1,024 357 35 22 8 40 40 38 38
2,502 2,950 3,386 3,602 3,927 3,721 2,149 2,168 2,130 1,439 1,449 2,023 2,051
Total Assets 5,470 5,910 6,585 7,382 9,209 10,648 8,438 10,420 11,453 10,558 9,860 10,170 10,068

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
801 -260 599 712 809 531 620 63 984 218 95 8
-731 -212 -2 -1,377 -1,455 -1,029 -2,749 -2,123 -1,296 -100 8 4
170 -72 -4 -2 880 653 2,272 1,523 289 -181 -94 -6
Net Cash Flow 241 -544 594 -667 234 155 143 -537 -23 -62 9 7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 117 163 152 147 132 615 122 99 63 37 28 39
Inventory Days 38 39 38 30 23 118 84 147 49 37 48 53
Days Payable 55 45 49 66 52 309 92 114 188 88 73 50
Cash Conversion Cycle 101 157 141 110 102 424 114 132 -76 -15 3 42
Working Capital Days 150 180 149 118 66 492 187 143 -0 -1,103 -88 -69
ROCE % 13% 10% 10% 11% 12% 7% 2% 3% 2% -6% -1% 3%

Shareholding Pattern

Numbers in percentages

Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022
5.42% 5.42% 4.58% 4.58% 4.54% 4.54% 4.54% 4.54% 4.54% 4.54% 4.53% 4.00%
0.07% 0.07% 0.07% 0.07% 0.90% 0.07% 0.07% 0.08% 0.11% 0.11% 0.13% 0.13%
0.31% 0.31% 1.15% 0.31% 0.20% 0.21% 0.21% 0.20% 0.18% 0.18% 0.17% 0.17%
94.20% 94.21% 94.21% 95.05% 94.36% 95.19% 95.19% 95.18% 95.17% 95.17% 95.16% 95.69%
No. of Shareholders 2,90,9512,94,5272,96,8922,88,0042,87,0632,91,0262,92,6783,65,2734,43,2054,43,2054,43,1194,43,756

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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Concalls

  • Mar 2017
    Transcript
    Notes
    PPT
  • Jan 2017
    Transcript
    Notes
    PPT