Sintex Plastics Technology Ltd

Sintex Plastics Technology Ltd

₹ 0.95 -5.00%
21 May - 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 60.4 Cr.
  • Current Price 0.95
  • High / Low 1.78 / 0.95
  • Stock P/E
  • Book Value 0.22
  • Dividend Yield 0.00 %
  • ROCE -12.3 %
  • ROE -97.9 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 69.1 to 34.3 days.

Cons

  • Stock is trading at 4.34 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -30.2% over past five years.
  • Promoter holding is low: 0.08%
  • Company has a low return on equity of -40.9% over last 3 years.
  • Contingent liabilities of Rs.33.5 Cr.
  • Company might be capitalizing the interest cost
  • 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

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
198 202 83 218 266 291 175 246 236 278 272 275 248
261 223 95 233 221 259 181 196 227 637 277 282 182
Operating Profit -63 -21 -12 -15 44 33 -6 50 9 -359 -5 -8 66
OPM % -32% -10% -14% -7% 17% 11% -3% 20% 4% -129% -2% -3% 27%
769 -766 18 39 23 9 4 8 2 3 2 4 3
Interest 68 120 77 78 79 198 4 10 7 3 6 7 7
Depreciation 32 34 35 37 32 35 34 16 25 24 25 25 25
Profit before tax 606 -942 -105 -90 -44 -192 -40 32 -20 -383 -33 -35 37
Tax % -12% -2% -205% 13% -3% -6% -1% 2% -5% -0% -4% -4% 2%
679 -963 -321 -78 -45 -204 -40 31 -21 -385 -34 -37 36
EPS in Rs 10.76 -15.26 -5.09 -1.24 -0.73 -3.23 -0.63 0.48 -0.34 -6.07 -0.55 -0.60 0.55
Raw PDF
Upcoming result date: 29 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
5,652 5,492 2,451 917 858 935 1,073
4,661 4,819 2,122 1,192 808 1,248 1,378
Operating Profit 991 674 328 -276 50 -313 -305
OPM % 18% 12% 13% -30% 6% -33% -28%
33 26 192 -419 89 11 12
Interest 262 304 334 465 432 24 23
Depreciation 207 241 139 137 139 99 99
Profit before tax 555 154 47 -1,298 -432 -424 -414
Tax % 24% 10% -103% 13% -50% -1%
420 138 94 -1,129 -648 -428 -419
EPS in Rs 2.25 1.49 -17.90 -10.23 -6.77 -6.67
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -30%
3 Years: -27%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -79%
Stock Price CAGR
10 Years: %
5 Years: -44%
3 Years: -38%
1 Year: -47%
Return on Equity
10 Years: %
5 Years: -13%
3 Years: -41%
Last Year: -98%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 0 61 63 63 64 64 64
Reserves 3,059 3,266 3,511 1,436 757 -11 -50
4,006 3,867 3,727 3,151 3,122 2,498 2,494
1,875 1,632 1,528 1,167 1,699 1,315 1,299
Total Liabilities 8,939 8,827 8,829 5,818 5,642 3,866 3,807
5,885 5,756 5,739 3,745 3,558 2,313 2,266
CWIP 29 24 90 6 3 6 6
Investments 261 2 0 0 0 305 305
2,764 3,045 2,999 2,067 2,082 1,242 1,231
Total Assets 8,939 8,827 8,829 5,818 5,642 3,866 3,807

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
993 565 259 -146 229 -486
-451 113 -283 1,258 -173 1
-368 -145 -301 -695 -53 -10
Net Cash Flow 173 534 -325 417 3 -495

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 80 60 145 97 76 34
Inventory Days 64 77 159 103 146 116
Days Payable 98 71 133 143 209 154
Cash Conversion Cycle 46 66 171 58 14 -4
Working Capital Days 14 25 46 -478 -310 -135
ROCE % 7% 5% -5% 0% -12%

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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