Sintex Plastics Technology Ltd

Sintex Plastics Technology Ltd

₹ 1.20 -4.00%
15 Apr - close price
About

Sintex Plastics Technology Limited is a plastic processing conglomerate that caters to diverse high-growth sectors. It is engaged in the manufacture of plastic products in India and Europe and trading activities in the USA. [1] [2]

Key Points

Products
The company's product portfolio comprises junction boxes, meter boxes, SMC distribution boxes and boards, FRP devices, LCS, power receptacles, and starter panels. [1]

  • Market Cap 76.3 Cr.
  • Current Price 1.20
  • High / Low 2.27 / 0.95
  • Stock P/E
  • Book Value -3.56
  • Dividend Yield 0.00 %
  • ROCE -276 %
  • ROE -977 %
  • Face Value 1.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -25.6% over past five years.
  • Promoter holding is low: 0.08%
  • Company has a low return on equity of -74.8% over last 3 years.
  • Company has high debtors of 187 days.
  • Promoter holding has decreased over last 3 years: -12.2%

* 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: Plastic products Industry: Plastics Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.00 0.00 0.00 0.37 0.22 0.37 1.14 0.79 0.61 0.59 0.00 0.00 0.00
0.29 0.42 0.13 0.15 0.19 130.26 1.00 0.81 0.67 547.83 0.02 1.79 0.00
Operating Profit -0.29 -0.42 -0.13 0.22 0.03 -129.89 0.14 -0.02 -0.06 -547.24 -0.02 -1.79 0.00
OPM % 59.46% 13.64% -35,105.41% 12.28% -2.53% -9.84% -92,752.54%
0.00 0.00 0.00 0.28 0.04 0.00 0.00 0.00 0.00 0.02 0.01 0.00 0.00
Interest 3.72 3.64 3.68 3.72 3.73 3.64 3.68 3.72 3.73 6.31 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -4.01 -4.06 -3.81 -3.22 -3.66 -133.53 -3.54 -3.74 -3.79 -553.53 -0.01 -1.79 0.00
Tax % 0.00% 169.46% 0.00% 0.00% -6.56% 0.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-4.01 2.82 -3.81 -3.22 -3.90 -133.25 -3.54 -3.74 -3.79 -553.53 -0.01 -1.79 0.00
EPS in Rs -0.06 0.04 -0.06 -0.05 -0.06 -2.09 -0.06 -0.06 -0.06 -8.70 -0.00 -0.03 0.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 0 14 16 4 0 1 3 1
0 1 15 24 16 1 131 550 550
Operating Profit 0 -1 -2 -7 -11 -1 -130 -547 -549
OPM % -329% -12% -45% -258% -13,518% -17,482% -93,059%
0 0 5 9 -321 0 0 0 0
Interest 0 0 0 1 12 15 15 17 6
Depreciation 0 0 0 0 0 0 0 0 0
Profit before tax 0 -1 3 0 -344 -16 -144 -565 -555
Tax % 0% 0% 4,760% 7% 50% 0% 0%
0 -1 3 -2 -320 -8 -144 -565 -555
EPS in Rs 0.06 -0.04 -5.07 -0.13 -2.27 -8.88 -8.73
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -26%
3 Years: -11%
TTM: -80%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -285%
Stock Price CAGR
10 Years: %
5 Years: -42%
3 Years: -27%
1 Year: -48%
Return on Equity
10 Years: %
5 Years: -31%
3 Years: -75%
Last Year: -977%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 61 63 63 64 64 64 64
Reserves 0 414 539 750 429 421 276 -288 -290
0 0 1 1 139 141 141 141 141
0 46 153 67 48 55 69 86 86
Total Liabilities 0 460 755 880 679 680 550 2 1
0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0
Investments 0 460 465 853 532 532 532 0 0
0 0 290 27 147 147 18 2 1
Total Assets 0 460 755 880 679 680 550 2 1

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 0 -12 -7 0 -129 -0
0 -200 1 -386 -129 0 129 0
0 200 288 109 136 -0 0 0
Net Cash Flow 0 0 289 -289 -0 -0 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 395 32 394 359 1,468 187
Inventory Days 0 0 0
Days Payable
Cash Conversion Cycle 395 32 394 359 1,468 187
Working Capital Days -1,384 -47 154 -3,756 -13,756 -8,002
ROCE % -0% 1% 0% -1% -0% -23%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
12.22% 12.22% 12.22% 12.22% 12.22% 11.94% 7.61% 3.40% 0.08% 0.08% 0.08% 0.08%
0.86% 0.10% 0.10% 0.29% 0.48% 0.53% 0.46% 0.12% 0.12% 0.12% 0.12% 0.12%
0.19% 0.19% 0.19% 0.19% 0.18% 0.19% 0.22% 0.22% 0.22% 0.18% 0.18% 0.18%
86.74% 87.49% 87.49% 87.30% 87.12% 87.35% 91.70% 96.25% 99.57% 99.62% 99.62% 99.62%
No. of Shareholders 2,62,9372,65,8102,63,7593,00,8913,09,8393,03,8393,06,0053,05,0163,16,8983,16,4863,16,4863,16,486

* 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.

Click on the line-items to see the names of individual entities.

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