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 ₹ 13.7
  • Dividend Yield 0.00 %
  • ROCE 2.93 %
  • ROE -36.0 %
  • 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%
  • The company has delivered a poor sales growth of 9.75% over past five years.
  • Promoter holding is low: 4.00%
  • Company has a low return on equity of -34.4% 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

Consolidated Figures in Rs. Crores / View Standalone

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
422 445 142 309 524 722 474 615 943 1,028 887 692 674
463 531 166 304 470 618 398 542 806 922 852 713 705
Operating Profit -41 -86 -25 4 54 103 76 73 137 107 35 -21 -31
OPM % -10% -19% -17% 1% 10% 14% 16% 12% 14% 10% 4% -3% -5%
9 6 -423 14 14 29 14 18 35 42 41 35 -494
Interest 187 222 191 186 212 207 194 208 208 203 218 225 237
Depreciation 71 71 70 71 71 69 65 66 66 65 65 66 66
Profit before tax -291 -372 -709 -239 -215 -143 -169 -183 -103 -119 -206 -277 -827
Tax % 1% -21% -0% 0% -0% 0% -0% -0% 1% 0% 0% 0% -0%
-293 -294 -709 -239 -215 -144 -169 -182 -103 -119 -207 -278 -827
EPS in Rs -4.93 -4.95 -11.93 -4.02 -3.62 -2.40 -2.83 -3.04 -1.72 -1.99 -3.45 -4.64 -13.80
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
4,475 4,437 5,079 5,843 7,007 941 1,921 2,873 3,257 1,701 1,696 3,060 3,282
3,668 3,754 4,338 4,898 5,824 735 1,651 2,585 2,881 2,052 1,559 2,667 3,192
Operating Profit 807 682 741 945 1,182 206 270 288 376 -350 137 393 90
OPM % 18% 15% 15% 16% 17% 22% 14% 10% 12% -21% 8% 13% 3%
60 39 24 81 75 594 97 149 119 40 -366 109 -376
Interest 109 136 173 289 283 68 93 114 226 748 795 813 883
Depreciation 149 168 205 255 261 73 132 142 232 284 282 262 261
Profit before tax 609 418 387 481 713 660 142 180 38 -1,342 -1,306 -573 -1,430
Tax % 25% 28% 17% 25% 26% 5% 5% 21% 43% -6% 0% 0%
460 307 324 365 529 629 134 142 22 -1,256 -1,306 -574 -1,431
EPS in Rs 14.38 9.59 8.82 9.94 10.58 12.01 2.46 2.39 0.36 -21.15 -21.80 -9.58 -23.88
Dividend Payout % 4% 6% 7% 6% 6% 5% 10% 4% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: 10%
3 Years: -2%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -50%
Stock Price CAGR
10 Years: -21%
5 Years: 13%
3 Years: -44%
1 Year: %
Return on Equity
10 Years: -1%
5 Years: -16%
3 Years: -34%
Last Year: -36%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,374 2,621 3,094 3,513 4,655 5,508 3,859 4,351 4,353 3,081 1,820 1,244 759
2,774 3,091 3,654 4,006 4,653 6,349 4,149 5,509 5,951 6,472 6,533 6,670 6,744
1,270 1,249 1,327 1,538 1,955 1,656 556 765 1,305 934 1,460 2,235 2,553
Total Liabilities 6,446 6,989 8,106 9,089 11,305 13,559 8,619 10,684 11,669 10,546 9,873 10,209 10,116
2,631 2,858 3,115 3,801 5,193 7,711 3,762 5,880 8,306 8,014 7,305 7,043 6,913
CWIP 71 253 360 126 231 185 2,493 2,350 1,010 1,065 1,066 1,066 1,066
Investments 378 142 130 306 528 269 30 17 4 36 36 34 34
3,366 3,735 4,500 4,856 5,354 5,394 2,334 2,437 2,350 1,431 1,466 2,066 2,104
Total Assets 6,446 6,989 8,106 9,089 11,305 13,559 8,619 10,684 11,669 10,546 9,873 10,209 10,116

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
958 -56 351 711 1,010 887 563 18 1,061 434 96 14
-680 -405 106 -1,179 -1,895 -2,012 -2,967 -2,123 -1,295 -99 8 4
-43 -51 194 -139 1,038 1,410 2,338 1,568 207 -397 -94 -7
Net Cash Flow 234 -512 651 -607 153 286 -65 -537 -27 -62 10 11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 114 136 128 130 120 868 119 85 65 13 24 31
Inventory Days 52 56 55 46 44 379 55 110 55 40 51 68
Days Payable 85 75 71 84 86 601 101 102 186 76 74 53
Cash Conversion Cycle 81 117 112 92 78 646 73 93 -66 -23 1 46
Working Capital Days 111 141 109 95 58 652 142 111 2 -1,059 -88 -72
ROCE % 14% 11% 10% 11% 12% 7% 2% 3% 3% -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
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  • Jan 2017
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