BSE:502742

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Executive Summary

Sintex Industries Limited manufactures and sells textiles and yarns in India and internationally.


Snowflake Analysis

Overvalued with weak fundamentals.


Similar Companies

Share Price & News

How has Sintex Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 502742's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

19.4%

502742

3.3%

IN Luxury

1.8%

IN Market


1 Year Return

-81.5%

502742

-29.1%

IN Luxury

-22.6%

IN Market

Return vs Industry: 502742 underperformed the Indian Luxury industry which returned -29.1% over the past year.

Return vs Market: 502742 underperformed the Indian Market which returned -22.6% over the past year.


Shareholder returns

502742IndustryMarket
7 Day19.4%3.3%1.8%
30 Day31.5%-2.4%-0.4%
90 Day44.4%-30.7%-19.9%
1 Year-81.5%-81.5%-28.5%-29.1%-21.1%-22.6%
3 Year-95.5%-95.6%-9.2%-11.3%-11.4%-16.2%
5 Year-96.8%-98.9%25.9%23.1%9.4%-0.8%

Price Volatility Vs. Market

How volatile is Sintex Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sintex Industries undervalued compared to its fair value and its price relative to the market?

0.019x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 502742's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 502742's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 502742 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 502742 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 502742's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 502742 is good value based on its PB Ratio (0x) compared to the IN Luxury industry average (0.4x).


Next Steps

Future Growth

How is Sintex Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.3%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sintex Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Sintex Industries performed over the past 5 years?

-61.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 502742 is currently unprofitable.

Growing Profit Margin: 502742 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 502742 is unprofitable, and losses have increased over the past 5 years at a rate of -61% per year.

Accelerating Growth: Unable to compare 502742's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 502742 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (7.2%).


Return on Equity

High ROE: 502742 has a negative Return on Equity (-28.15%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sintex Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 502742's short term assets (₹12.0B) do not cover its short term liabilities (₹32.2B).

Long Term Liabilities: 502742's short term assets (₹12.0B) do not cover its long term liabilities (₹39.1B).


Debt to Equity History and Analysis

Debt Level: 502742's debt to equity ratio (139.2%) is considered high.

Reducing Debt: 502742's debt to equity ratio has increased from 103.7% to 139.2% over the past 5 years.

Debt Coverage: 502742's debt is not well covered by operating cash flow (7.2%).

Interest Coverage: Insufficient data to determine if 502742's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Sintex Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 502742's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 502742's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 502742's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 502742's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 502742 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 502742's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Samir Joshipura (44yo)

4.83yrs

Tenure

Mr. Samir Joshipura, PGD has been Group Chief Executive Officer at Sintex Industries Limited since July 2015. Mr. Joshipura has 17 years of leadership experience in Strategy and Business Transformation acr ...


Leadership Team

NamePositionTenureCompensationOwnership
Rahul Patel
Chairman & MD1yr₹9.28m0.084% 556.7k
Amit Patel
Group MD & Executive Director26.58yrs₹9.42m0.067% 446.2k
Hitesh Mehta
Compliance Officer & Company Secretaryno data₹1.27mno data
Samir Joshipura
Group Chief Executive Officer4.83yrsno datano data
Hitesh Dihiye
Chief Financial Officer0.50yrno datano data
Rajiv Naidu
Head of Investor Relations & Public Relationsno datano datano data
Ashoke Maitra
President of Operations & Administration - Textile Divisionno datano datano data
R. Sharma
President of Procurement - Textile Divisionno datano datano data
Sanjib Roy
Chief Executive Officer of Plastic Divisionno datano datano data
Siddhartha Jha
President of Technology - Textile Division10.08yrsno datano data

4.8yrs

Average Tenure

56yo

Average Age

Experienced Management: 502742's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rahul Patel
Chairman & MD1yr₹9.28m0.084% 556.7k
Amit Patel
Group MD & Executive Director26.58yrs₹9.42m0.067% 446.2k
Rajeshbhai Parikh
Independent Non Executive Director16yrs₹388.50k0.000020% 133.1
Sunil Kanojia
Independent Non-Executive Director2.58yrs₹338.00kno data
Sudatta Mandal
Nominee Director0.75yrno datano data
Mayank Devashrayee
Additional Independent Director0.50yrno datano data
Pratit Patel
Additional Independent Director0.50yrno datano data
Samuel George
Additional Independent Director0.50yrno datano data
Jayesh Khatsuria
Additional Non-Executive Director0.42yrno datano data

0.8yrs

Average Tenure

59yo

Average Age

Experienced Board: 502742's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sintex Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sintex Industries Limited
  • Ticker: 502742
  • Exchange: BSE
  • Founded: 1931
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹665.386m
  • Shares outstanding: 594.10m
  • Website: https://www.sintex.in

Number of Employees


Location

  • Sintex Industries Limited
  • District Gandhinagar
  • Kalol
  • Gujarat
  • 382721
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
502742BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 1998
SINTEXNSEI (National Stock Exchange of India)YesEquity SharesININRNov 1998

Biography

Sintex Industries Limited manufactures and sells textiles and yarns in India and internationally. The company offers fabrics in various blends, including metallic yarn, silk yarn, mélange yarn, linen, modal, nylon-viscose, and cupro, as well as a range of weaves, such as dobbies, jacquards, leno, double beam and double ereel, and others; and men’s/women’s apparel and furnishings under the BVM brand. It also provides yarns comprising cotton combed and carded, compact, blended, contamination-free, ply, TFO/multi-fold, and ring spun yarns; and specialty yarns that include core spun, slub, neppy, injection, eli-twist, fancy, dyed, melange, linen, linen blended yarns, and other yarns. The company was formerly known as The Bharat Vijay Mills Limited and changed its name to Sintex Industries Limited in 1995. Sintex Industries Limited was founded in 1931 and is based in Kalol, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 12:46
End of Day Share Price2020/05/28 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.