DSIJ.in JULY 8 - 21, 2019 I DALAL STREET INVESTMENT JOURNAL (^61)
Can I hold shares of SPTL bought at `26 per share.
Or should I exit?
- Chandrakanta Patra
I have 50 shares of Sintex bought at `8. Please
suggest if I should hold or sell.
- Bhuwan chandra upadhyay
SINTEX INDUSTRIES LIMITED SINTEX PLASTICS TECHNOLOGY LTD
BSE/NSE Code 502742 / SINTEX
Face Value ` 1
CMP `2.88
52-Week High 16.07 / Low
2.38
Your Current
Profit/(Loss)
(64 per cent)
BSE Code 540653 / SINTEXPLAST
Face Value ` 1
CMP `7.24
52-Week High 44.15 / Low
6.15
Your Current
Profit/(Loss)
(72.15 per cent)
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Company Name:
Query:
Name:
Address:
E-mail:
Vol. No. 34 No.16
Send in your queries:
DSIJ Pvt. Ltd.
C-101, 1st Floor, Trade Center,
North Main Road, Near Axis Bank,
Opp. Lane No. 6, Koregaon Park,
Pune - 411001
Email:[email protected]
DEMOCRATIZING WEALTH CREATION
S
intex Plastics Technology Ltd is an India-based company
having business operations in custom moulding solutions
and building product solutions which includes manufactur-
ing of water storage tanks, structural solutions, electrical solutions,
water management solutions, environmental solution, energy
solutions, interior solutions, material handling, telecom solutions,
and industrial solutions. The company’s well known products
include Sintex triple-layered water tanks, Sintex black water tanks,
Sintex loft water tanks, Reno water tanks, RenoTuf water tanks,
Sintex underground water tanks (FRP), etc. -On the financial
front, the company’s net sales for Q4FY19 stood at `16.38 crore,
which is an increase of 353.74 per cent as compared to the net
sales of `3.61 crore for Q4FY18. The PBDT for Q4FY19 was
reported negative at `6.58 crore as against a positive PBDT of
`0.62 crore reported for Q4FY18. The company incurred a net
loss of `7.04 crore in Q4FY19 as against a net profit of `0.62
crore in Q4FY18. Looking at the annual trend, the net sales
were reported at `16.38 crore for FY19, an increase of 19.65 per
cent when compared to `13.69 crore for FY18. In FY19, its
PBDT decreased by 98.44 per cent to `0.05 crore as against
`3.20 crore for FY18. For FY19, the company incurred a net loss
of `2.33 crore as against a net profit of Rs. 3.20 crore in FY18.
Thus, we recommend a SELL.
S
intex Industries manufactures plastic water tanks and
corduroy fabrics. The company has presence in Europe,
America, Africa and Asia. The company conducts
business in building material solutions, textile solutions and
custom building solutions. The also manufactures a range of
plastic products including prefabricated structures, industrial
custom moulding products, monolithic constructions and
water storage tanks. As part of its textile business, it specialises
in men’s shirting. On the financial front, the company reported
an increase of 7.21 per cent in net sales to `661.42 crore for
Q4FY19 as compared to net sales of `616.93 crore for Q4FY18.
For Q4FY19 the company’s PBDT was negative at
`61.70 crore and for Q4FY18 the company’s PBDT was
positive at `101.48 crore. Also, in Q4FY19, the company
incurred net loss of `85.63 crore as against a net profit of
`52.82 crore posted in the same quarter of the previous fiscal.
On the annual front, the net sales increased by 38.56 per cent
to 2820.77 for FY19 crore from
2,035.76 crore for FY18. The
PBDT of the company decreased by 14.35 to `268.83 crore for
FY19 as compared to `313.88 crore for FY18. In FY19, the net
profit decreased substantially by 85.88 per cent to `19.20 crore
from `135.98 crore recorded in FY18. Hence, we recommend a
SELL.
SELL SELL
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