Sintex Industries Ltd

About

Sintex Industries is engaged in the business of Spinning, weaving and finishing of textiles.

  • Market Cap 602 Cr.
  • Current Price 10.0
  • High / Low 14.1 / 3.23
  • Stock P/E
  • Book Value 25.5
  • Dividend Yield 0.00 %
  • ROCE -0.93 %
  • ROE -35.1 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.39 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 33.79 to 23.55 days.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 4.54%
  • Company has a low return on equity of -19.81% for last 3 years.
  • Contingent liabilities of Rs.530.04 Cr.
  • Promoter holding has decreased over last 3 years: -24.08%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
833 592 546 289 422 445 142 309 524 722 474 615
704 601 759 300 463 531 166 304 470 618 398 542
Operating Profit 129 -9 -212 -11 -41 -86 -25 4 54 103 76 73
OPM % 15% -2% -39% -4% -10% -19% -17% 1% 10% 14% 16% 12%
Other Income 22 9 15 10 9 6 -423 14 14 29 14 18
Interest 55 70 167 172 187 222 191 186 212 207 194 208
Depreciation 59 62 71 72 71 71 70 71 71 69 65 66
Profit before tax 36 -131 -435 -245 -291 -372 -709 -239 -215 -143 -169 -183
Tax % 29% 30% 2% 1% -1% 21% 0% -0% 0% -0% 0% 0%
Net Profit 26 -91 -427 -243 -293 -294 -709 -239 -215 -144 -169 -182
EPS in Rs 0.43 -1.54 -7.18 -4.09 -4.93 -4.95 -11.93 -4.02 -3.62 -2.40 -2.83 -3.04

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
3,282 4,475 4,437 5,079 5,843 7,007 941 1,921 2,873 3,257 1,701 1,696 2,334
2,791 3,668 3,754 4,338 4,898 5,824 735 1,651 2,585 2,881 2,052 1,559 2,028
Operating Profit 491 807 682 741 945 1,182 206 270 288 376 -350 137 306
OPM % 15% 18% 15% 15% 16% 17% 22% 14% 10% 12% -21% 8% 13%
Other Income 135 60 39 24 81 75 594 97 149 119 40 -366 76
Interest 73 109 136 173 289 283 68 93 114 226 748 795 821
Depreciation 144 149 168 205 255 261 73 132 142 232 284 282 272
Profit before tax 408 609 418 387 481 713 660 142 180 38 -1,342 -1,306 -711
Tax % 19% 25% 28% 17% 25% 26% 5% 5% 21% 43% 6% -0%
Net Profit 329 460 307 324 365 529 629 134 142 22 -1,256 -1,306 -710
EPS in Rs 10.28 14.38 9.59 8.82 9.94 10.58 12.01 2.46 2.39 0.36 -21.15 -21.80 -11.89
Dividend Payout % 5% 4% 6% 7% 6% 6% 5% 10% 4% 0% 0% 0%
Compounded Sales Growth
10 Years: -9%
5 Years: 13%
3 Years: -16%
TTM: 77%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 36%
Stock Price CAGR
10 Years: -8%
5 Years: -12%
3 Years: -5%
1 Year: 164%
Return on Equity
10 Years: 1%
5 Years: -9%
3 Years: -20%
Last Year: -35%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
27 27 27 31 31 42 45 54 59 59 59 60 60
Reserves 1,920 2,374 2,621 3,066 3,484 4,655 5,508 3,768 4,336 4,339 3,081 1,820 1,469
Borrowings 2,630 2,774 3,091 3,654 4,006 4,653 6,349 4,149 5,509 5,951 6,472 6,533 6,601
990 1,270 1,249 1,355 1,567 1,955 1,656 648 780 1,320 934 1,460 1,815
Total Liabilities 5,567 6,446 6,989 8,106 9,089 11,305 13,559 8,619 10,684 11,669 10,546 9,873 9,945
2,050 2,631 2,858 3,115 3,801 5,193 7,711 3,762 5,880 8,306 8,014 7,305 7,174
CWIP 172 71 253 360 126 231 185 2,493 2,350 1,010 1,065 1,066 1,066
Investments 247 378 142 130 306 528 269 30 17 4 36 36 36
3,098 3,366 3,735 4,500 4,856 5,354 5,394 2,334 2,437 2,350 1,431 1,466 1,669
Total Assets 5,567 6,446 6,989 8,106 9,089 11,305 13,559 8,619 10,684 11,669 10,546 9,873 9,945

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-226 958 -56 351 711 1,010 887 563 18 1,061 434 96
-172 -680 -405 106 -1,179 -1,895 -2,012 -2,967 -2,123 -1,295 -99 8
327 -43 -51 194 -139 1,038 1,410 2,338 1,568 207 -397 -94
Net Cash Flow -71 234 -512 651 -607 153 286 -65 -537 -27 -62 10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 113 114 136 128 130 120 868 119 85 65 13 24
Inventory Days 69 52 56 55 46 44 379 55 110 55 40 51
Days Payable 80 85 69 62 50 0 490 78 50 59 43 37
Cash Conversion Cycle 102 81 122 121 126 164 757 97 144 61 9 38
Working Capital Days 152 122 152 122 107 94 854 176 160 73 10 -88
ROCE % 11% 14% 11% 10% 11% 12% 7% 2% 3% 3% -6% -1%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
28.61 28.61 28.61 25.13 5.42 5.42 5.42 4.58 4.58 4.54 4.54 4.54
7.55 6.31 4.51 2.75 0.10 0.07 0.07 0.07 0.07 0.90 0.07 0.07
1.53 0.90 0.84 0.35 0.36 0.31 0.31 1.15 0.31 0.20 0.21 0.21
62.31 64.18 66.04 71.78 94.13 94.20 94.21 94.21 95.05 94.36 95.19 95.19

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