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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Sintex Plastics Technology Ltd

About the Company - Sintex Plastics Technology Ltd

Sintex Plastics Technology Ltd. is a Public Limited Listed company incorporated on 04/08/2015 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L74120GJ2015PLC084071 and registration number is 084071. Currently Company is involved in the business activities of Manufacture of plastics products. Company’s Total Operating Revenue is Rs. 0.96 Cr. and Equity Capital is Rs. 63.62 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic ProductsIn the premises of Sintex-BAPL Limited, Near Seven Garnala, Gandhinagar District Gujarat 382721info@sintex-plastics.com
http://www.sintexplastics.com
Management
NamePosition Held
Mr. Amit D PatelChairman & Managing Director
Mr. Rahul A PatelNon Executive Director
Mrs. Mamta P TripathiIndependent Director
Dr. Rajesh B ParikhIndependent Director
Mr. Yogesh L ChhunchhaIndependent Director
Mr. Dinesh KheraIndependent Director
Mr. Bhavan TrivediIndependent Director

Sintex Plastics Technology Ltd. Share Price Update

Share PriceValue
Today₹1.14
Previous Day₹1.14

Basic Stock Data of Sintex Plastics Technology Ltd

Market Cap 73.2 Cr.
Current Price 1.15
High / Low2.51/0.98
Stock P/E
Book Value 3.56
Dividend Yield0.00 %
ROCE276 %
ROE977 %
Face Value 1.00

Data Source: screener.in

Competitors of Sintex Plastics Technology Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Pearl Polymers Ltd 62.4 Cr. 37.140.9/17.2 22.90.00 %17.4 %18.1 % 10.0
Avro India Ltd 134 Cr. 132155/93.733.2 26.60.00 %20.5 %17.8 % 10.0
Supreme Industries Ltd 49,198 Cr. 3,8734,888/2,43045.8 3630.67 %26.8 %21.0 % 2.00
TPL Plastech Ltd 560 Cr. 71.878.0/26.931.8 15.20.83 %17.2 %13.9 % 2.00
Mayur Uniquoters Ltd 2,303 Cr. 524618/41520.0 1840.38 %17.8 %14.4 % 5.00
Industry Average161.48 Cr153.5826.16122.340.38%19.94%17.04%5.8

Sintex Plastics Technology Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.000.000.000.000.370.220.371.140.790.610.590.000.00
Expenses0.340.290.420.130.150.19130.261.000.810.67547.830.021.79
Operating Profit-0.34-0.29-0.42-0.130.220.03-129.890.14-0.02-0.06-547.24-0.02-1.79
OPM %59.46%13.64%-35,105.41%12.28%-2.53%-9.84%-92,752.54%
Other Income0.000.000.000.000.280.040.000.000.000.000.020.010.00
Interest3.813.723.643.683.723.733.643.683.723.736.310.000.00
Depreciation0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax-4.15-4.01-4.06-3.81-3.22-3.66-133.53-3.54-3.74-3.79-553.53-0.01-1.79
Tax %27.23%0.00%169.46%0.00%0.00%-6.56%0.21%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-3.02-4.012.82-3.81-3.22-3.90-133.25-3.54-3.74-3.79-553.53-0.01-1.79
EPS in Rs-0.05-0.060.04-0.06-0.05-0.06-2.09-0.06-0.06-0.06-8.70-0.00-0.03

Sintex Plastics Technology Ltd Quarterly Chart

Sintex Plastics Technology Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales00141640131
Expenses011524161131550550
Operating Profit0-1-2-7-11-1-130-547-549
OPM %-329%-12%-45%-258%-13,518%-17,482%-45,759%
Other Income0059-3210000
Interest00011215151710
Depreciation000000000
Profit before tax0-130-344-16-144-565-559
Tax %0%0%4,760%7%50%0%0%
Net Profit0-13-2-320-8-144-565-559
EPS in Rs0.06-0.04-5.07-0.13-2.27-8.88-8.79
Dividend Payout %0%0%0%0%0%0%0%

Sintex Plastics Technology Ltd Profit & Loss Yearly Chart

Sintex Plastics Technology Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:-26%
3 Years:-11%
TTM:-52%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-287%
Stock Price CAGR
10 Years:%
5 Years:-42%
3 Years:-27%
1 Year:-57%
Return on Equity
10 Years:%
5 Years:-31%
3 Years:-75%
Last Year:-977%

Sintex Plastics Technology Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0061636364646464
Reserves0414539750429421276-288-290
Borrowings0011139141141141141
Other Liabilities046153674855698686
Total Liabilities046075588067968055021
Fixed Assets000000000
CWIP000000000
Investments046046585353253253200
Other Assets00290271471471821
Total Assets046075588067968055021

Sintex Plastics Technology Ltd Reserves and Borrowings Chart

Sintex Plastics Technology Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 000-12-70-129-0
Cash from Investing Activity 0-2001-386-12901290
Cash from Financing Activity 0200288109136-000
Net Cash Flow00289-289-0-00-0

Sintex Plastics Technology Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days395323943591,468187
Inventory Days000
Days Payable
Cash Conversion Cycle395323943591,468187
Working Capital Days-1,384-47154-3,756-13,756-8,002
ROCE %-0%1%0%-1%-0%-23%

Sintex Plastics Technology Ltd Financial Efficiency Indicators Chart

Sintex Plastics Technology Ltd Share Holding Pattern

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
Promoters12.32%12.32%12.22%12.22%12.22%12.22%12.22%11.94%7.61%3.40%0.08%0.08%
FIIs0.11%0.10%0.86%0.10%0.10%0.29%0.48%0.53%0.46%0.12%0.12%0.12%
DIIs1.08%0.29%0.19%0.19%0.19%0.19%0.18%0.19%0.22%0.22%0.22%0.18%
Public86.50%87.30%86.74%87.49%87.49%87.30%87.12%87.35%91.70%96.25%99.57%99.62%
No. of Shareholders2,74,7422,69,6942,62,9372,65,8102,63,7593,00,8913,09,8393,03,8393,06,0053,05,0163,16,8983,16,486

Sintex Plastics Technology Ltd Shareholding Pattern Chart

No. of Sintex Plastics Technology Ltd Shareholders

This stock is not held by any mutual fund

Sintex Plastics Technology Ltd ROCE Trend

Sintex Plastics Technology Ltd EPS Trend

Sintex Plastics Technology Ltd Key Financial Ratios

MonthMar 22Mar 21Mar 20Mar 19Mar 18
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-6.73-10.26-17.901.512.41
Diluted EPS (Rs.)-6.68-10.26-17.621.492.37
Cash EPS (Rs.)-5.16-8.00-15.725.016.17
Book Value[Excl.RevalReserv]/Share (Rs.)0.9713.0123.8356.7055.89
Book Value[Incl.RevalReserv]/Share (Rs.)0.9713.0123.8356.7055.89
Revenue From Operations / Share (Rs.)14.7013.4914.5274.6689.37
PBDIT / Share (Rs.)-4.742.19-3.7010.1912.70
PBIT / Share (Rs.)-6.300.00-5.876.688.78
PBT / Share (Rs.)-6.67-6.79-21.371.343.08
Net Profit / Share (Rs.)-6.73-10.19-17.901.502.25
NP After MI And SOA / Share (Rs.)-6.77-10.23-17.901.492.25
PBDIT Margin (%)-32.2116.25-25.4413.6514.21
PBIT Margin (%)-42.830.00-40.408.959.82
PBT Margin (%)-45.38-50.30-147.111.783.44
Net Profit Margin (%)-45.75-75.52-123.212.002.51
NP After MI And SOA Margin (%)-46.02-75.79-123.232.002.51
Return on Networth / Equity (%)-812.13-79.25-75.322.634.02
Return on Capital Employeed (%)-370.470.00-21.836.307.65
Return On Assets (%)-11.24-11.56-19.411.061.56
Long Term Debt / Equity (X)0.020.010.030.760.95
Total Debt / Equity (X)46.652.131.490.861.07
Current Ratio (X)0.290.310.311.131.44
Quick Ratio (X)0.260.280.270.811.06
Interest Coverage Ratio (X)-12.620.32-0.501.912.56
Interest Coverage Ratio (Post Tax) (X)-16.92-0.50-0.431.281.72
Enterprise Value (Cr.)2577.601190.781705.023975.806494.37
EV / Net Operating Revenue (X)2.761.391.860.841.18
EV / EBITDA (X)-8.568.54-7.316.188.32
MarketCap / Net Operating Revenue (X)0.370.240.040.260.64
Price / BV (X)6.570.250.020.351.03
Price / Net Operating Revenue (X)0.370.240.040.260.64
EarningsYield-1.24-3.15-27.120.070.03

Sintex Plastics Technology Ltd Profitability Ratios (%)

Sintex Plastics Technology Ltd Liquidity Ratios

Sintex Plastics Technology Ltd Liquidity Ratios (%)

Sintex Plastics Technology Ltd Interest Coverage Ratios (X)

Sintex Plastics Technology Ltd Valuation Ratios

Fair Value / Intrinsic Value of Sintex Plastics Technology Ltd

Fair Value: ₹532.15

The stock is undervalued by 46,174.12% compared to the current price ₹1.15

*Investments are subject to market risks

Strength and Weakness of Sintex Plastics Technology Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 10.25, which is a positive sign.
  2. The company has higher reserves (250.11 cr) compared to borrowings (78.33 cr), indicating strong financial stability.
  1. The stock is trading at a high valuation with an average P/B ratio of 0.66 and average Dividend Yield of -12.89%.
  2. The stock has a low average ROCE of -2.88%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 171.00, which may not be favorable.
  4. The company has not shown consistent growth in sales (4.33) and profit (-180.67).

Should I Buy Sintex Plastics Technology Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Sintex Plastics Technology Ltd:
    1. Net Profit Margin: -45.75%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -370.47% (Industry Average ROCE: 14.32%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): -16.92
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.26
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 32.1)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: 46.65
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Sintex Plastics Technology Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE