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Last Updated on: 06 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 540653 | NSE: SPTL

Sintex Plastics Technology Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: September 14, 2024, 11:57 am

Market Cap 67.4 Cr.
Current Price 1.06
High / Low1.51/0.75
Stock P/E
Book Value 3.56
Dividend Yield0.00 %
ROCE276 %
ROE977 %
Face Value 1.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Sintex Plastics Technology Ltd

Competitors of Sintex Plastics Technology Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Harshdeep Hortico Ltd 121 Cr. 75.486.0/39.018.5 23.10.00 %50.1 %35.2 % 10.0
TPL Plastech Ltd 824 Cr. 104136/47.439.8 16.70.77 %19.0 %15.8 % 2.00
Sintex Plastics Technology Ltd 67.4 Cr. 1.061.51/0.75 3.560.00 %276 %977 % 1.00
Plastiblends India Ltd 665 Cr. 256399/22719.3 1621.66 %11.1 %8.26 % 5.00
Pearl Polymers Ltd 60.7 Cr. 36.148.4/24.240.2 22.90.00 %2.60 %1.91 % 10.0
Industry Average536.67 Cr94.5129.4545.650.49%71.76%207.63%5.60

All Competitor Stocks of Sintex Plastics Technology Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales0.000.000.000.370.220.371.140.790.610.590.000.000.00
Expenses0.290.420.130.150.19130.261.000.810.67547.830.021.790.00
Operating Profit-0.29-0.42-0.130.220.03-129.890.14-0.02-0.06-547.24-0.02-1.790.00
OPM %59.46%13.64%-35,105.41%12.28%-2.53%-9.84%-92,752.54%
Other Income0.000.000.000.280.040.000.000.000.000.020.010.000.00
Interest3.723.643.683.723.733.643.683.723.736.310.000.000.00
Depreciation0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax-4.01-4.06-3.81-3.22-3.66-133.53-3.54-3.74-3.79-553.53-0.01-1.790.00
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%
Net Profit-4.012.82-3.81-3.22-3.90-133.25-3.54-3.74-3.79-553.53-0.01-1.790.00
EPS in Rs-0.060.04-0.06-0.05-0.06-2.09-0.06-0.06-0.06-8.70-0.00-0.030.00

Last Updated: September 25, 2024, 2:49 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

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%-93,059%
Other Income0059-3210000
Interest0001121515176
Depreciation000000000
Profit before tax0-130-344-16-144-565-555
Tax %0%0%4,760%-7%-50%-0%0%
Net Profit0-13-2-320-8-144-565-555
EPS in Rs0.06-0.04-5.07-0.13-2.27-8.88-8.73
Dividend Payout %0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)400.00%-166.67%-15900.00%97.50%-1700.00%-292.36%
Change in YoY Net Profit Growth (%)0.00%-566.67%-15733.33%15997.50%-1797.50%1407.64%

Sintex Plastics Technology Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2017-2018 to 2022-2023.

Growth

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:-5%
3 Years:-48%
1 Year:-15%
Return on Equity
10 Years:%
5 Years:-31%
3 Years:-75%
Last Year:-977%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

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

Reserves and Borrowings Chart

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

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow0.00-1.00-3.00-8.00-150.00-142.00-271.00-688.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

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%-276%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters12.22%12.22%12.22%12.22%12.22%11.94%7.61%3.40%0.08%0.08%0.08%0.08%
FIIs0.86%0.10%0.10%0.29%0.48%0.53%0.46%0.12%0.12%0.12%0.12%0.12%
DIIs0.19%0.19%0.19%0.19%0.18%0.19%0.22%0.22%0.22%0.18%0.18%0.18%
Public86.74%87.49%87.49%87.30%87.12%87.35%91.70%96.25%99.57%99.62%99.62%99.62%
No. of Shareholders2,62,9372,65,8102,63,7593,00,8913,09,8393,03,8393,06,0053,05,0163,16,8983,16,4863,16,4863,16,486

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

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

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Sintex Plastics Technology Ltd as of November 6, 2024 is: 532.15

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 6, 2024, Sintex Plastics Technology Ltd is Undervalued by 50,102.83% compared to the current share price ₹1.06

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Sintex Plastics Technology Ltd as of November 6, 2024 is: 391.16

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 6, 2024, Sintex Plastics Technology Ltd is Undervalued by 36,801.89% compared to the current share price ₹1.06

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -26.49%

*Investments are subject to market risks

Strength and Weakness

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 has a low average ROCE of -37.38%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 171.00, which may not be favorable.
  3. The company has not shown consistent growth in sales (4.33) and profit (-180.22).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any 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: 71.76%)
      • 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. ROE%: -812.13% (Industry Average ROE: 207.63%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. 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.
    5. 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.
    6. Stock P/E: 0 (Industry average Stock P/E: 29.45)
      • 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.
    7. 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

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

FAQ

What is the latest fair value of Sintex Plastics Technology Ltd?

The latest fair value of Sintex Plastics Technology Ltd is ₹532.15.

What is the Market Cap of Sintex Plastics Technology Ltd?

The Market Cap of Sintex Plastics Technology Ltd is 67.4 Cr..

What is the current Stock Price of Sintex Plastics Technology Ltd as on 22 September 2024?

The current stock price of Sintex Plastics Technology Ltd as on 22 September 2024 is ₹1.06.

What is the High / Low of Sintex Plastics Technology Ltd stocks in FY 2024?

In FY 2024, the High / Low of Sintex Plastics Technology Ltd stocks is 1.51/0.75.

What is the Stock P/E of Sintex Plastics Technology Ltd?

The Stock P/E of Sintex Plastics Technology Ltd is .

What is the Book Value of Sintex Plastics Technology Ltd?

The Book Value of Sintex Plastics Technology Ltd is 3.56.

What is the Dividend Yield of Sintex Plastics Technology Ltd?

The Dividend Yield of Sintex Plastics Technology Ltd is 0.00 %.

What is the ROCE of Sintex Plastics Technology Ltd?

The ROCE of Sintex Plastics Technology Ltd is 276 %.

What is the ROE of Sintex Plastics Technology Ltd?

The ROE of Sintex Plastics Technology Ltd is 977 %.

What is the Face Value of Sintex Plastics Technology Ltd?

The Face Value of Sintex Plastics Technology Ltd is 1.00.

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