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Hind Syntex

NSEI:HINDSYNTEX
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HINDSYNTEX
NSEI
₹67M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Hind Syntex Limited manufactures and sells synthetic blended yarn in India. The last earnings update was 7 days ago. More info.


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  • Hind Syntex has significant price volatility in the past 3 months.
HINDSYNTEX Share Price and Events
7 Day Returns
0%
NSEI:HINDSYNTEX
-1.3%
IN Luxury
-3.1%
IN Market
1 Year Returns
-51.8%
NSEI:HINDSYNTEX
-8.5%
IN Luxury
-9.2%
IN Market
HINDSYNTEX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hind Syntex (HINDSYNTEX) 0% 0% 22.1% -51.8% -64.8% -47.8%
IN Luxury -1.3% -0.8% -1.2% -8.5% 51.9% 196.8%
IN Market -3.1% -3.8% -2.9% -9.2% 43.1% 83.1%
1 Year Return vs Industry and Market
  • HINDSYNTEX underperformed the Luxury industry which returned -8.5% over the past year.
  • HINDSYNTEX underperformed the Market in India which returned -9.2% over the past year.
Price Volatility
HINDSYNTEX
Industry
5yr Volatility vs Market
Related Companies

HINDSYNTEX Value

 Is Hind Syntex undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hind Syntex to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hind Syntex.

NSEI:HINDSYNTEX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:HINDSYNTEX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.58
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.575 (1 + (1- 35%) (0%))
0.575
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for NSEI:HINDSYNTEX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hind Syntex is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:HINDSYNTEX DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 0.11 0.11 0.10 0.10 0.10
Source Est @ -4.08% Est @ -4.08% Est @ -4.08% Est @ -4.08% Est @ -4.08%
Present Value
Discounted (@ 13.51%)
0.10 0.08 0.07 0.06 0.05
Present value of next 5 years cash flows ₹0.37
NSEI:HINDSYNTEX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹0.10 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹1.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹1.73 ÷ (1 + 13.51%)5
₹0.92
NSEI:HINDSYNTEX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹0.37 + ₹0.92
₹1.29
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1.29 / 12.72
₹0.1
NSEI:HINDSYNTEX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:HINDSYNTEX represents 1.00382x of BSE:503881
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00382x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 0.10 x 1.00382
₹0.10
Value per share (INR) From above. ₹0.10
Current discount Discount to share price of ₹5.25
= -1 x (₹5.25 - ₹0.10) / ₹0.10
-5076%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hind Syntex is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hind Syntex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hind Syntex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:HINDSYNTEX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-5.52
BSE:503881 Share Price ** BSE (2019-01-28) in INR ₹5.23
India Luxury Industry PE Ratio Median Figure of 237 Publicly-Listed Luxury Companies 11.67x
India Market PE Ratio Median Figure of 2,734 Publicly-Listed Companies 15.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hind Syntex.

NSEI:HINDSYNTEX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:503881 Share Price ÷ EPS (both in INR)

= 5.23 ÷ -5.52

-0.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hind Syntex is loss making, we can't compare its value to the IN Luxury industry average.
  • Hind Syntex is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Hind Syntex's expected growth come at a high price?
Raw Data
NSEI:HINDSYNTEX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Luxury Industry PEG Ratio Median Figure of 28 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 608 Publicly-Listed Companies 1.1x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Hind Syntex, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hind Syntex's assets?
Raw Data
NSEI:HINDSYNTEX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹0.51
BSE:503881 Share Price * BSE (2019-01-28) in INR ₹5.23
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.06x
NSEI:HINDSYNTEX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:503881 Share Price ÷ Book Value per Share (both in INR)

= 5.23 ÷ 0.51

10.32x

* Primary Listing of Hind Syntex.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hind Syntex is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Hind Syntex's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Hind Syntex has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HINDSYNTEX Future Performance

 How is Hind Syntex expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Hind Syntex 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.3%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hind Syntex expected to grow at an attractive rate?
  • Unable to compare Hind Syntex's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Hind Syntex's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Hind Syntex's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:HINDSYNTEX Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.4%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:HINDSYNTEX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:HINDSYNTEX Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 342 -70
2018-09-30 385 -55
2018-06-30 448 -47
2018-03-31 437 -5 -28
2017-12-31 449 -14
2017-09-30 468 -13
2017-06-30 384 -6
2017-03-31 407 10 -6
2016-12-31 413 -1
2016-09-30 421 1
2016-06-30 422 2
2016-03-31 407 4 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Hind Syntex is high growth as no earnings estimate data is available.
  • Unable to determine if Hind Syntex is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:HINDSYNTEX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hind Syntex Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:HINDSYNTEX Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -5.52
2018-09-30 -4.32
2018-06-30 -3.73
2018-03-31 -2.20
2017-12-31 -1.05
2017-09-30 -1.05
2017-06-30 -0.46
2017-03-31 -0.47
2016-12-31 -0.09
2016-09-30 0.09
2016-06-30 0.12
2016-03-31 0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hind Syntex will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of HINDSYNTEX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Hind Syntex's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Hind Syntex's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Hind Syntex's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hind Syntex has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HINDSYNTEX Past Performance

  How has Hind Syntex performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hind Syntex's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hind Syntex does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Hind Syntex's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Hind Syntex's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Hind Syntex's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hind Syntex Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:HINDSYNTEX Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 341.93 -70.33 107.43
2018-09-30 384.94 -54.85 117.08
2018-06-30 448.46 -47.04 124.45
2018-03-31 436.90 -27.94 143.28
2017-12-31 448.61 -13.50 156.73
2017-09-30 468.49 -12.62 166.30
2017-06-30 383.80 -5.89 167.99
2017-03-31 407.46 -5.95 175.30
2016-12-31 412.90 -1.12 173.05
2016-09-30 420.99 1.23 172.20
2016-06-30 422.33 1.57 166.43
2016-03-31 406.55 1.42 160.31
2015-12-31 384.35 1.69 160.46
2015-09-30 370.91 1.68 156.08
2015-06-30 375.39 1.86 150.05
2015-03-31 383.40 1.94 133.59
2014-12-31 417.94 -234.20 137.38
2014-09-30 446.17 -243.55 131.06
2014-06-30 440.89 201.79 119.58
2014-03-31 466.89 305.87 116.80
2013-12-31 685.36 186.29 152.61
2013-09-30 876.78 184.37 124.33
2012-12-31 1,220.90 -54.05 113.05
2012-09-30 1,167.48 -80.47 109.66
2012-06-30 1,105.57 -114.26 108.74
2012-03-31 1,146.07 -112.07 107.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Hind Syntex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Hind Syntex has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Hind Syntex improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Hind Syntex's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hind Syntex has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HINDSYNTEX Health

 How is Hind Syntex's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hind Syntex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hind Syntex's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hind Syntex's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hind Syntex's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Hind Syntex has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hind Syntex Company Filings, last reported 1 month ago.

NSEI:HINDSYNTEX Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6.45 0.00 0.29
2018-09-30 6.45 0.00 0.29
2018-06-30 42.01 0.00 0.51
2018-03-31 42.01 0.00 0.08
2017-12-31 58.45 0.44 25.81
2017-09-30 58.45 0.44 25.81
2017-06-30 66.56 0.44 4.95
2017-03-31 66.56 0.82 4.95
2016-12-31 71.07 0.63 3.24
2016-09-30 71.07 0.63 3.24
2016-06-30 70.40 0.00 1.94
2016-03-31 70.39 0.00 1.94
2015-12-31 69.84 0.00 4.31
2015-09-30 69.84 0.00 4.31
2015-06-30 68.97 0.00 1.97
2015-03-31 68.97 0.00 1.97
2014-12-31 27.80 0.00 5.69
2014-09-30 27.80 0.00 5.69
2014-06-30 67.35 0.00 3.00
2014-03-31 67.35 0.00 3.00
2013-12-31 80.69 10.00 2.28
2013-09-30 80.69 10.00 2.27
2012-12-31 -294.35 545.53 49.30
2012-09-30 -294.35 545.53 49.30
2012-06-30 -274.44 538.11 23.88
2012-03-31 -274.44 538.11 23.88
  • Hind Syntex has no debt.
  • Hind Syntex has no debt compared to 5 years ago when it was 12.3%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Hind Syntex has less than a year of cash runway based on current free cash flow.
  • Hind Syntex has less than a year of cash runway if free cash flow continues to grow at historical rates of 40.8% each year.
X
Financial health checks
We assess Hind Syntex's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hind Syntex has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HINDSYNTEX Dividends

 What is Hind Syntex's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Hind Syntex dividends.
If you bought ₹2,000 of Hind Syntex shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Hind Syntex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hind Syntex's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:HINDSYNTEX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Hind Syntex has not reported any payouts.
  • Unable to verify if Hind Syntex's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hind Syntex's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hind Syntex has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hind Syntex's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hind Syntex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hind Syntex has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HINDSYNTEX Management

 What is the CEO of Hind Syntex's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hemant Ambekar
COMPENSATION ₹2,105,475
AGE 49
TENURE AS CEO 2.3 years
CEO Bio

Mr. Hemant Vasant Ambekar has been Whole-Time Director at Hind Syntex Ltd., since November 10, 2016.

CEO Compensation
  • Hemant's compensation has increased whilst company is loss making.
  • Hemant's remuneration is higher than average for companies of similar size in India.
Management Team

Hemant Ambekar

TITLE
Whole-Time Director
COMPENSATION
₹2M
AGE
49
TENURE
2.3 yrs

Balesh Bargee

TITLE
CFO & Additional Director
COMPENSATION
₹1M
AGE
49
TENURE
4.5 yrs

Swati Poddar

TITLE
Company Secretary & Compliance Officer
Board of Directors Tenure

Average tenure and age of the Hind Syntex board of directors in years:

5.2
Average Tenure
49
Average Age
  • The tenure for the Hind Syntex board of directors is about average.
Board of Directors

Hemant Ambekar

TITLE
Whole-Time Director
COMPENSATION
₹2M
AGE
49
TENURE
2.3 yrs

Balesh Bargee

TITLE
CFO & Additional Director
COMPENSATION
₹1M
AGE
49
TENURE
0.8 yrs

Manadath Rajan

TITLE
Non-Executive Independent Director
AGE
67
TENURE
5.2 yrs

Viveck Crishna

TITLE
Non-Executive Independent Director
AGE
68
TENURE
5.2 yrs

Manish Kumar

TITLE
Non-Executive Director
AGE
49
TENURE
5.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Hind Syntex's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hind Syntex has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HINDSYNTEX News

Simply Wall St News

Is Hind Syntex Limited (NSE:HINDSYNTEX) A Volatile Stock?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Who Are The Largest Shareholders In Hind Syntex Limited (NSE:HINDSYNTEX)?

In this analysis, my focus will be on developing a perspective on Hind Syntex Limited’s (NSE:HINDSYNTEX) latest ownership structure, a less discussed, but important factor. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Check out our latest analysis for Hind Syntex

Simply Wall St -

What Does Hind Syntex Limited's (NSE:HINDSYNTEX) Ownership Structure Look Like?

See our latest analysis for Hind Syntex NSEI:HINDSYNTEX Ownership_summary May 18th 18 Institutional Ownership HINDSYNTEX's 21.11% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: HINDSYNTEX's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

How Does Investing In Hind Syntex Limited (NSE:HINDSYNTEX) Impact Your Portfolio?

With a beta of 1.39, Hind Syntex is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … HINDSYNTEX, with its market capitalisation of ₹98.57M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … How HINDSYNTEX's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

What You Must Know About Hind Syntex Limited's (NSE:HINDSYNTEX) Major Investors

View our latest analysis for Hind Syntex NSEI:HINDSYNTEX Ownership_summary Jan 29th 18 Institutional Ownership HINDSYNTEX's 21.11% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … Although HINDSYNTEX has a high institutional ownership, such stock moves, in the short-term, are more commonly linked to a particular type of active institutional investors – hedge funds. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Is Hind Syntex Limited (NSE:HINDSYNTEX) A Consumer Sector Leader?

In this article, I’ll take you through the sector growth expectations, and also determine whether Hind Syntex is a laggard or leader relative to its consumer discretionary sector peers. … Hind Syntex has been a luxury goods industry laggard in the past year. … If your initial investment thesis is around the growth prospects of Hind Syntex, there are other luxury goods companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

Can Hind Syntex Limited (NSE:HINDSYNTEX) Improve Your Portfolio Returns?

HINDSYNTEX’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … A market capitalisation of ₹80.13M puts HINDSYNTEX in the category of small-cap stocks, which tends to possess higher beta than larger companies. … Depending on the composition of your portfolio, low-beta stocks such as HINDSYNTEX is valuable to lower your risk of market exposure, in particular, during times of economic decline.

Simply Wall St -

HINDSYNTEX Company Info

Map
Description

Hind Syntex Limited manufactures and sells synthetic blended yarn in India. The company offers polyester/viscose and viscose electronically cleared, spliced auto coned, TFO and non-TFO, and raw white and dyed blended yarn. It also exports its products to fabric manufacturers in the United Kingdom and Europe. The company was incorporated in 1980 and is based in Kolkata, India.

Details
Name: Hind Syntex Limited
HINDSYNTEX
Exchange: NSEI
Founded: 1980
₹66,518,278
12,718,600
Website: http://www.hindgroupindia.com/hsl.htm
Address: Hind Syntex Limited
5E & F, Crescent Tower,
5th Floor,
Kolkata,
West Bengal, 700020,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 503881 Equity Shares Mumbai Stock Exchange IN INR 16. Feb 1995
NSEI HINDSYNTEX Equity Shares National Stock Exchange of India IN INR 16. Feb 1995
Number of employees
Current staff
Staff numbers
779
Hind Syntex employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/15 12:53
End of day share price update: 2019/01/28 00:00
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.