Sintex Industries (Delisted) share price

BSE: 502742Textiles & Apparels

Sintex Industries Ltd · Face value ₹1 · Listed Dec 2000

Last traded ₹2.30 on 10 Feb 2023

Delisted on 10 Mar 2023.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

  1. Mar 2023

    • 3 Mar · Delisting

      Members of the Exchange are hereby informed that the admission to dealings in securities of the company Sintex Industries Limited shall be withdrawn (delisted) w.e.f. March 10, 2023 pursuant to Hon ble National Company Law Tribunal (NCLT) order dated February 10, 2023.

  2. Feb 2023

Share price history

Daily closes since May 2017, BSE closes Jan 2007 to Jul 2007, Jul 2007 to Feb 2008, Feb 2008 to May 2008 and May 2008 to Jul 2010, adjusted for splits and bonuses. Earlier closes are left out: on 25 May 2017 the price changed in a way no corporate action on record explains.

Daily close, ₹ per share

Q3 results, quarter to Dec 2022

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹699 Cr−27.8% on a year ago · +6.7% on the quarter before
Operating profit
−₹11 Cr
Net profit
−₹826 Cr
Earnings per share
−₹13.78
Operating margin
−1.6%
Net margin
−118.2%

From revenue to net profit, ₹ crore

  1. Revenue699
  2. Materials and goods−540
  3. Employee costs−41
  4. Other expenses−129
  5. Operating profit−11
  6. Depreciation−66
  7. Other income+19
  8. One-off items−532
  9. Finance costs−236
  10. Profit before tax−826
  11. Tax0.0
  12. Net profit−826

Sintex Industries results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2022. Results for the quarter to Mar 2023 were due by 30 May 2023, 60 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
457−294Mar 20151−708Jun 20288−238Sep 20544−212Dec 20706−144Mar 21465−171Jun 21644−174Sep 21968−96Dec 211,050−125Mar 22898−208Jun 22655−293Sep 22699−826Dec 22
Peak revenue ₹1,050 Cr, quarter to Mar 2022; lowest ₹151 Cr, quarter to Jun 2020A loss in 12 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
16.2%−470.1%−18.6%−14.9%1.6%10.5%15.1%16.2%13.0%16.0%11.0%6.7%−2.5%−1.6%−64.4%−470.1%−82.6%−39.0%−20.4%−36.9%−27.1%−9.9%−11.9%−23.1%−44.7%−118.2%Mar 20Sep 20Mar 21Sep 21Mar 22Sep 22Dec 22
₹ croreMar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1Sep 2019Dec 2019Q3Mar 2020Jun 2020Q1Filed 10 SepSep 2020Dec 2020Q3Filed 11 FebMar 2021Jun 2021Q1Sep 2021Dec 2021Q3Mar 2022Jun 2022Q1Sep 2022Dec 2022Q3
Revenue from operations6176807597206614832794164571512885447064656449681,050898655699
521562606594673686287456542173284487599389561813934837671710
Materials and goods bought349411450452469382194293314109198361447280437658744684536540
Employee costs4443494937523635342831354135424245434441
Other expenses1281081079316625257128194365591111748111314511091129
Operating profit before depreciation96119152127−12−203−8−40−85−22557107758415511660−16−11
Operating margin15.6%17.4%20.1%17.6%−1.7%−42.1%−2.8%−9.5%−18.6%−14.9%1.6%10.5%15.1%16.2%13.0%16.0%11.0%6.7%−2.5%−1.6%
Depreciation and amortisation4053595961717271717071716965666665656666
Other income38401917168884214142512162326141419
Finance costs3343495166163171186221190186212207193208208202217224236
Profit before one-off items and tax62626434−123−429−243−289−373−281−238−212−144−171−174−96−125−208−293−294
One-off items–––––0000−427000000000−532
Profit before tax62626434−123−429−243−289−373−708−238−212−144−171−174−96−125−208−293−826
9232210−38−802−7900000000000
Tax rate14.7%37.2%34.5%28.6%––––––––––––––––
Net profit53394224−86−421−243−292−294−708−238−212−144−171−174−96−125−208−293−826
Other comprehensive income–––––000−2000−1000−2000
Total comprehensive income–––––−421−243−292−296−708−238−212−144−171−174−96−128−208−293−826
Net margin8.6%5.7%5.5%3.3%−12.9%−87.2%−87.1%−70.1%−64.4%−470.1%−82.6%−39.0%−20.4%−36.9%−27.1%−9.9%−11.9%−23.1%−44.7%−118.2%
Earnings per share₹0.89₹0.66₹0.70₹0.41−₹1.44−₹7.09−₹4.09−₹4.91−₹4.95−₹11.92−₹4.01−₹3.57−₹2.40−₹2.86−₹2.91−₹1.61−₹2.09−₹3.46−₹4.88−₹13.78
Earnings per share in rupees, restated for later splits and bonuses.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
2,972269Mar 133,238335Mar 144,018458Mar 154,841550Mar 161,430127Mar 172,036136Mar 182,82119Mar 191,635−1,2501,488Mar 201,689−1,3021,603Mar 213,127−5676,670Mar 22
A loss in 3 of the 10 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin
22.7%−77.1%19.9%22.2%22.7%21.0%18.8%14.8%13.7%−20.5%8.7%13.7%9.1%10.3%11.4%11.4%8.9%6.7%0.7%−76.5%−77.1%−18.1%Mar 13Mar 15Mar 17Mar 19Mar 21Mar 22

The years either side of a change of basis do not compare. From the year to Mar 2017, the company's revenue for that year, ₹1,430 Cr, differs from its quarters added, ₹4,102 Cr.

Results for the year to Mar 2022

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue3,127
  2. Materials and goods−2,120
  3. Employee costs−164
  4. Other expenses−413
  5. Operating profit430
  6. Depreciation−262
  7. Other income+77
  8. One-off items0.0
  9. Finance costs−812
  10. Profit before tax−567
  11. Tax0.0
  12. Net profit−567

What the company owns

  • Plant, investments and other assets₹9,499 Cr
  • Receivables₹336 Cr
  • Inventory₹309 Cr
  • Cash and bank₹27 Cr

What pays for it: net worth and liabilities

  • Borrowings₹6,670 Cr
  • Other liabilities₹2,017 Cr
  • Net worth₹1,305 Cr
  • Owed to suppliers₹178 Cr

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Dec 2022, the latest four quarters added.

₹ croreMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Dec 2022Twelve months
Revenue from operations2,9723,2384,0184,8411,4302,0362,8211,6351,6893,1273,301
2,3812,5173,1063,8261,1611,7352,4351,9711,5432,6973,152
Materials and goods bought1,9322,0802,6223,2548911,2721,7821,1831,1152,1202,504
Employee costs10611312813996147179158134164174
Other expenses342324356433174316474630293413474
Operating profit before depreciation5917209111,014269301386−336146430148
Operating margin19.9%22.2%22.7%21.0%18.8%14.8%13.7%−20.5%8.7%13.7%4.5%
Materials, % of revenue65.0%64.2%65.3%67.2%62.3%62.5%63.2%72.4%66.0%67.8%75.9%
Employee costs, % of revenue3.6%3.5%3.2%2.9%6.7%7.2%6.3%9.6%8.0%5.2%5.3%
Other expenses, % of revenue11.5%10.0%8.9%9.0%12.2%15.5%16.8%38.5%17.3%13.2%14.4%
Depreciation and amortisation123138145183132142232284282262261
Operating profit after depreciation468582767831137159154−620−135167−113
Other income53109100101841209228557774
Finance costs11823722920990107209742795812880
Profit before one-off items and tax40345463972313117236−1,335−875−567−919
One-off items−90−16−22−6–––0−4270−532
Profit before tax31243861771713117236−1,335−1,302−567−1,451
4310315916843617−85000
Net profit26933545855012713619−1,250−1,302−567−1,451
Other comprehensive income–––––––−2−1−2−2
Total comprehensive income–––––––−1,252−1,302−570−1,454
Net margin9.1%10.3%11.4%11.4%8.9%6.7%0.7%−76.5%−77.1%−18.1%−44.0%
Earlier years, Mar 2008 to Mar 2012
₹ croreMar 2008Mar 2009Mar 2010Mar 2011Mar 2012
Revenue from operations1,6561,8912,0152,6192,568
1,3121,5101,6312,021–
Materials and goods bought1,006−181,2871,6631,654
Employee costs63–8593–
Other expenses243–259265–
Operating profit before depreciation344381385598–
Operating margin20.8%20.1%19.1%22.8%–
Materials, % of revenue60.7%–63.9%63.5%–
Employee costs, % of revenue3.8%–4.2%3.6%–
Other expenses, % of revenue14.7%–12.8%10.1%–
Depreciation and amortisation52628489–
Operating profit after depreciation292319300508–
Other income4587925756
Finance costs56645187110
Profit before one-off items and tax–342341479370
One-off items––––−47
Profit before tax281342341479323
Tax64756812194
Net profit216267274358230
Net margin13.1%14.1%13.6%13.7%8.9%
Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March. The last column is the half year to Sep 2022, after the latest full year: the balance sheet at its end.

₹ croreMar 2020Mar 2021Mar 2022Sep 2022Half year
3,1301,8741,305804
Share capital59606060
Reserves3,0701,8141,245744
Borrowings1,4881,6036,6706,744
7,4237,9818,8629,261
Liabilities due after a year5432
Total assets10,5589,86010,17010,068
9,5538,8018,5448,414
1,0051,0591,6261,654
Net debt1,4761,5836,6446,652
Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March. The last column is the half year to Sep 2022, after the latest full year: the cash flow over its six months.

₹ croreMar 2021Mar 2022Sep 2022Half year
−3328−8
−37710−6
−144−492−75
Receivables−78−397−104
Inventories−27−16268
Payables−6068−40
Other working capital2100
Tax paid45−2−1
Capital spending100
Free cash flow−3338−8
840
−94−6−1
Dividends paid000
Shares bought back000
Shares issued000
Net change in cash−4187−9
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
–––––₹2.37₹0.32−₹21.04−₹21.88−₹9.47
As stated that year₹9.46–₹12.48₹12.44₹2.62₹2.37₹0.32−₹21.04−₹21.88−₹9.47
–––––₹2.37₹0.32−₹21.04−₹21.88−₹9.47
Book value per share–––––––₹52.68₹31.28₹21.77
Shareholder yield––––––––0.1%0.0%
Market cap at the year end (₹ crore)1,4331,3544,4983,4385,536–50239199467
Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Standalone, years to March.

RatioMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue growth15.7%8.9%24.1%20.5%–42.3%38.6%−42.0%3.3%85.1%
Operating profit growth–21.9%26.5%11.3%–11.7%28.3%––193.6%
Net profit growth17.2%24.5%36.5%20.1%–6.7%−85.9%–––
Earnings per share growth––––––−86.5%–––
–––––––−39.9%−52.0%−35.7%
––––––––−12.1 pts16.3 pts
From the net margin––––––––−0.3 pts39.8 pts
From asset turnover––––––––−2.8 pts−10.9 pts
From borrowing––––––––−9.0 pts−12.6 pts
Return on capital employed–––––––−13.4%−3.9%2.1%
Interest cover4.02.53.44.01.51.50.7––0.2
Debt to equity–––––––0.480.865.11
Receivable days–––––––372839
Inventory days–––––––374853
Payable days–––––––533631
Cash conversion cycle, days–––––––203962
Working capital days–––––––−1,103−1,154−69
Asset turnover–––––––0.150.170.31
Assets per rupee of net worth–––––––3.374.086.30
Sales per rupee of plant–––––––0.200.230.44
Capital spending to depreciation––––––––0.000.00
Plant being built, % of plant in use–––––––13.3%14.6%15.1%
Revenue growth, operating profit growth and net profit growth are left blank for the year to Mar 2017: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Interest cover is left blank for the years to Mar 2020 and Mar 2021: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2022.

Return on assets, latest year
−5.7%
Cash from operations against operating profit
1.9%
Measure10 years5 years3 years
Revenue growth, yearly rate–16.9%3.5%
Return on equity, average––−42.6%
Return on capital employed, average––−5.1%
Operating margin, average13.5%6.1%0.6%
Net margin, average−11.3%−32.9%−57.2%
Asset turnover, average––0.21
Cash conversion cycle, days, average––40
Debt to equity, average––2.15

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2022.

₹ croreLatest year
Cash from operations8.13
Cash from investing3.98
Cash from financing−5.55
Capital spending0.26
Dividends paid0.16
Shares bought back0.00
Shares issued for cash0.00
Borrowings raised0.00
Borrowings repaid0.00

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Effective tax ratePublished threshold 17.16 per cent13.8523.5025.82–––––––
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2022 the company reports one business segment, Textile, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2022, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+132.8%––0.0%
3 years−2.6%––0.0%
Longer windows are left empty: a corporate action or price step on 2017-05-25 that cannot be sized sits inside this window. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Who owns Sintex Industries, filing by filing

Per cent of the company's shares. Every filing on record, from Sep 2021; the latest is the filing for Sep 2022.

Sep 2022 filing

  • Promoters4.54%
  • Foreign institutions0.13%
  • Indian institutions0.18%
  • Individuals and others95.16%
Per centSep 2021Dec 2021Mar 2022Jun 2022Sep 2022
4.54%4.54%4.54%4.54%4.54%
Indian promoters4.54%4.54%4.54%4.54%4.54%
95.46%95.46%95.46%95.46%95.46%
Shares in issue59,92,17,96259,92,17,96259,92,17,96259,92,17,96259,92,17,962
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Sintex Industries shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

2,92,678Sep 213,65,273Dec 214,43,205Mar 224,43,205Jun 224,43,119Sep 22
ShareholdersSep 2021Dec 2021Mar 2022Jun 2022Sep 2022
All shareholders2,92,6783,65,2734,43,2054,43,2054,43,119
1515151515
Indian promoters1515151515
2,92,6633,65,2584,43,1904,43,1904,43,104
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state.

Sintex Industries promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2022; the largest is BVM Finance Private Limited, 1.89%.

Holder
BVM Finance Private LimitedIndian companies, trusts and others1.89%1,13,03,9050.00%
Kolon Investment Pvt. Ltd.Indian companies, trusts and others0.98%58,77,1100.00%
Opel Securities Private LimitedIndian companies, trusts and others0.70%42,23,4520.00%
Star Line Leasing Ltd.Indian companies, trusts and others0.29%17,13,2210.00%
Pranay Arunprasad PatelIndividuals and Hindu undivided families0.13%7,58,8300.00%
Prominent Plastics LimitedIndian companies, trusts and others0.13%7,96,7900.00%
Rahulbhai PatelIndividuals and Hindu undivided families0.08%4,97,0900.00%
Amit PatelIndividuals and Hindu undivided families0.07%3,98,4250.00%
Dineshchandra PatelIndividuals and Hindu undivided families0.05%2,90,5360.00%
Arunprasad Purshottamdas PatelIndividuals and Hindu undivided families0.05%3,27,7100.00%
Deval Rahul PatelIndividuals and Hindu undivided families0.04%2,62,5000.00%
Som Shiva (Impex) LimitedIndian companies, trusts and others0.04%2,62,5000.00%
Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of Sintex Industries, filing by filing

Per cent, on the same shares as the split above.

HolderSep 2021Dec 2021Mar 2022Jun 2022Sep 2022
RAMAKRISHNA REDDY CHINTAResident individuals, over ₹2 lakh at face value––––1.11%
Manjeet Cotton Private LimitedOther non-institutions2.50%––––
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.

Mutual fund holdings

1 fund disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before.

Held unchanged
1
Fund
Invesco Mutual Fund logoInvesco India Credit Risk FundInvesco Mutual Fund23,51,3920.07%₹0.12 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Sintex Industries share price by year

Each calendar year to 2023.

YearClose at year endChangeHighest closeLowest close
20232.30−40.3%3.702.30
20223.85−79.2%19.403.85
202118.50+330.2%18.503.30
20204.30+405.9%4.300.55
20190.85−92.8%12.000.60
201811.80−56.7%27.5511.00
201727.25–37.8522.85
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2017 is from its first session, 25 May 2017. The 2023 close is its last trade, on 10 Feb 2023.

Recent sessions

The 10 trading days to 10 Feb 2023, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
10 Feb 20232.302.302.302.302.302,23,593
9 Feb 20232.352.352.352.352.351,82,002
8 Feb 20232.402.402.402.402.403,03,401
7 Feb 20232.452.452.452.452.452,58,063
6 Feb 20232.502.502.502.502.502,11,777
3 Feb 20232.552.552.552.552.552,41,003
2 Feb 20232.602.602.602.602.602,55,209
1 Feb 20232.652.652.652.652.656,47,063
31 Jan 20232.702.702.702.702.703,76,698
30 Jan 20232.752.752.752.752.751,70,678
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
25 May 2017Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.
27 Oct 2010Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.
19 May 2009Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
Where an event has no factor that can be worked out, the chart leaves out the closes before it. Any other event is noted and not adjusted for.

Company details

BSE code
502742
ISIN
INE429C01035
Industry
Textiles & Apparels
Former symbols
SINTEX
CIN
L17110GJ1931PLC000454
Corporate identity number, the registrar of companies' code for it
Incorporated
1931
Registered office
Dist. Gandhinagar, Kalol 382721, Gujarat
Share registrar
Bigshare Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments