Duyuru • Feb 10
Sintex Plastics Technology Limited to Report Q3, 2024 Results on Feb 14, 2024 Sintex Plastics Technology Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 08
First half 2024 earnings released First half 2024 results: Net loss: ₹18.0m (loss narrowed 98% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Duyuru • Nov 04
Sintex Plastics Technology Limited to Report Q2, 2024 Results on Nov 07, 2023 Sintex Plastics Technology Limited announced that they will report Q2, 2024 results on Nov 07, 2023 New Risk • Aug 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹795.2m (US$9.64m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹100k free cash flow). Shares are highly illiquid. Negative equity (-₹2.2b). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (₹31m revenue, or US$380k). Market cap is less than US$10m (₹795.2m market cap, or US$9.64m). New Risk • Jun 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹795.2m (US$9.71m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹100k free cash flow). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Negative equity (-₹2.2b). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (₹31m revenue, or US$382k). Market cap is less than US$10m (₹795.2m market cap, or US$9.71m). New Risk • Jun 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹100k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹100k free cash flow). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Negative equity (-₹2.2b). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (₹32m revenue, or US$382k). Minor Risk Market cap is less than US$100m (₹954.2m market cap, or US$11.6m). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹0.57 (vs ₹0.33 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0.57 (up from ₹0.33 loss in 3Q 2022). Revenue: ₹2.48b (up 5.1% from 3Q 2022). Net income: ₹352.2m (up ₹569.4m from 3Q 2022). Profit margin: 14% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 10
Sintex Plastics Technology Limited Appoints Ankit Sanchiher as Company Secretary & Compliance Officer Sintex Plastics Technology Limited approved appointment of Mr. Ankit Sanchiher as Company Secretary & Compliance Officer of the Company w.e.f. 10th February, 2023. Duyuru • Feb 05
Sintex Plastics Technology Limited to Report Q3, 2023 Results on Feb 10, 2023 Sintex Plastics Technology Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Duyuru • Dec 06
Sintex Plastics Technology Limited, Annual General Meeting, Dec 26, 2022 Sintex Plastics Technology Limited, Annual General Meeting, Dec 26, 2022, at 14:00 Indian Standard Time. Agenda: To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2022 and the Reports of the Board of Directors; to receive, consider and adopt the audited consolidate financial statements of the Company for the financial year ended March 31, 2022 and the Reports of the auditors of the company; and to discuss other matters. Board Change • Dec 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Rajeshbhai Parikh was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2023 earnings released: ₹0.58 loss per share (vs ₹0.49 profit in 2Q 2022) Second quarter 2023 results: ₹0.58 loss per share (down from ₹0.49 profit in 2Q 2022). Revenue: ₹2.79b (up 13% from 2Q 2022). Net loss: ₹379.1m (down 224% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 03
Sintex Plastics Technology Limited to Report Q2, 2023 Results on Nov 08, 2022 Sintex Plastics Technology Limited announced that they will report Q2, 2023 results on Nov 08, 2022 Reported Earnings • Aug 09
First quarter 2023 earnings released: ₹0.54 loss per share (vs ₹0.63 loss in 1Q 2022) First quarter 2023 results: ₹0.54 loss per share (up from ₹0.63 loss in 1Q 2022). Revenue: ₹2.75b (up 57% from 1Q 2022). Net loss: ₹352.6m (loss narrowed 12% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Aug 03
Sintex Plastics Technology Limited to Report Q1, 2023 Results on Aug 08, 2022 Sintex Plastics Technology Limited announced that they will report Q1, 2023 results on Aug 08, 2022 Duyuru • Jul 28
Sintex Plastics Technology Limited Announces Resignation of Manan Bhavsar as Company Secretary Sintex Plastics Technology Limited announced that Mr. Manan Bhavsar has tendered his resignation as Company Secretary of the Company on 21st day of July, 2022. His resignation has been accepted and he will be relieved from the service on a later date which will be informed to the Stock Exchanges in due course. Reported Earnings • May 22
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: ₹6.73 loss per share (up from ₹10.30 loss in FY 2021). Revenue: ₹9.35b (up 8.9% from FY 2021). Net loss: ₹4.30b (loss narrowed 34% from FY 2021). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: ₹0.33 loss per share (up from ₹0.71 loss in 3Q 2021). Revenue: ₹2.36b (down 11% from 3Q 2021). Net loss: ₹217.2m (loss narrowed 53% from 3Q 2021). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Duyuru • Feb 02
Sintex Plastics Technology Limited to Report Q3, 2022 Results on Feb 10, 2022 Sintex Plastics Technology Limited announced that they will report Q3, 2022 results on Feb 10, 2022 Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS ₹0.49 (vs ₹1.24 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹2.46b (up 13% from 2Q 2021). Net income: ₹306.6m (up ₹1.09b from 2Q 2021). Profit margin: 13% (up from net loss in 2Q 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 34% per year. Executive Departure • Jul 15
Independent Director Desh Dogra has left the company On the 6th of July, Desh Dogra's tenure as Independent Director ended after 4.1 years in the role. We don't have any record of a personal shareholding under Desh's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.00 years. Is New 90 Day High Low • Mar 15
New 90-day high: ₹4.19 The company is up 36% from a price of ₹3.08 on 15 December 2020. Outperformed the Indian market which is up 14% over the last 90 days. Exceeded the Chemicals industry, which is up 9.0% over the same period. Reported Earnings • Feb 11
Third quarter 2021 earnings released: ₹0.71 loss per share The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ₹2.89b (up 46% from 3Q 2020). Net loss: ₹461.2m (loss narrowed 84% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Duyuru • Feb 03
Sintex Plastics Technology Limited to Report Q3, 2021 Results on Feb 10, 2021 Sintex Plastics Technology Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Jan 06
New 90-day high: ₹3.80 The company is up 110% from its price of ₹1.81 on 08 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₹3.11 The company is up 24% from its price of ₹2.50 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 16% over the same period. Duyuru • Nov 12
Sintex Plastics Technology Limited Appoints Rajesh B. Parikh as an Additional Independent Director Sintex Plastics Technology Limited Board of Directors of the Company approved appointment of Dr. Rajesh B. Parikh as an Additional Independent Director on the Board of Directors of the Company, effective from 11 November,2020. Duyuru • Nov 04
Sintex Plastics Technology Limited to Report Q2, 2021 Results on Nov 11, 2020 Sintex Plastics Technology Limited announced that they will report Q2, 2021 results on Nov 11, 2020 Is New 90 Day High Low • Sep 22
New 90-day low: ₹2.20 The company is down 33% from its price of ₹3.26 on 24 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 15% over the same period. Duyuru • Sep 05
Sintex Plastics Technology Limited to Report Q1, 2021 Results on Sep 11, 2020 Sintex Plastics Technology Limited announced that they will report Q1, 2021 results on Sep 11, 2020 Duyuru • Jul 21
Sintex Plastics Technology Limited to Report Q4, 2020 Results on Jul 24, 2020 Sintex Plastics Technology Limited announced that they will report Q4, 2020 results on Jul 24, 2020 