Sintex Plastics Technology Ltd

About [ edit ]

Sintex Plastics Technology is engaged in the manufacture of plastic products in India and Europe and trading activities in USA.

  • Market Cap 207 Cr.
  • Current Price 3.25
  • High / Low 4.60 / 1.09
  • Stock P/E
  • Book Value 17.1
  • Dividend Yield 0.00 %
  • ROCE -5.34 %
  • ROE -44.5 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.19 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 12.21%
  • Company has a low return on equity of -9.74% for last 3 years.
  • Contingent liabilities of Rs.79.00 Cr.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -19.75%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,293 1,325 1,172 576 478 817 251 198 202 83 218 266
1,226 1,162 1,006 472 454 854 365 261 223 95 233 221
Operating Profit 67 163 166 103 25 -36 -114 -63 -21 -12 -15 44
OPM % 5% 12% 14% 18% 5% -4% -45% -32% -10% -14% -7% 17%
Other Income 43 6 17 54 73 -494 60 769 -766 18 39 23
Interest 90 77 89 75 95 81 197 68 120 77 78 79
Depreciation 62 58 57 35 35 60 35 32 34 35 37 32
Profit before tax -42 34 37 46 -32 -672 -285 606 -942 -105 -90 -44
Tax % 76% -9% -9% 44% 70% 4% 29% -12% -2% -205% 13% -3%
Net Profit -10 38 40 26 -10 -643 -202 679 -963 -321 -78 -46
EPS in Rs -0.16 0.61 0.64 0.41 -0.15 -10.19 -3.21 10.76 -15.26 -5.09 -1.24 -0.73

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
5,652 5,492 2,451 917 769
4,663 4,819 2,122 1,980 772
Operating Profit 990 674 328 -1,063 -3
OPM % 18% 12% 13% -116% -0%
Other Income 34 26 192 368 -686
Interest 262 304 334 465 354
Depreciation 207 241 139 137 138
Profit before tax 555 154 47 -1,298 -1,181
Tax % 24% 10% -103% 13%
Net Profit 420 138 94 -1,129 -1,409
EPS in Rs 2.25 1.49 -17.90 -22.32
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:-45%
TTM:-56%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-701%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-61%
1 Year:171%
Return on Equity
10 Years:%
5 Years:%
3 Years:-10%
Last Year:-45%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
55 61 63 63 63
Reserves 3,059 3,266 3,511 1,436 1,025
Borrowings 4,006 3,867 3,727 3,151 2,051
1,875 1,632 1,528 1,167 2,455
Total Liabilities 8,939 8,827 8,829 5,818 5,595
5,885 5,756 5,739 3,745 3,634
CWIP 29 24 90 6 7
Investments 261 2 0 0 0
2,764 3,045 2,999 2,067 1,954
Total Assets 8,939 8,827 8,829 5,818 5,595

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020
993 565 259 -146
-451 113 -283 1,038
-368 -145 -301 -695
Net Cash Flow 173 534 -325 197

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 7% 5% -5%
Debtor Days 80 60 145 97
Inventory Turnover 5.41 2.38 1.64

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
31.96 33.74 33.74 33.74 33.74 30.46 13.11 13.11 13.11 12.32 12.32 12.22
18.49 18.24 15.73 15.40 13.94 12.08 2.60 0.47 0.19 0.11 0.10 0.86
1.47 1.33 1.32 0.63 0.82 0.33 0.33 0.30 0.30 1.08 0.29 0.19
48.08 46.69 49.21 50.23 51.50 57.13 83.96 86.12 86.40 86.50 87.30 86.74

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