Think Tanks, Think Sintex
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Emerging companies - Mid caps that can become large cap
Forum Discription: These are companies operating in growing markets having have certain niches or specific attributes like new sector plays. These are emerging multibaggers with high risks and high rewards.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=1592
Printed Date: 28/Apr/2024 at 4:11am
Topic: Think Tanks, Think Sintex
Posted By: smartcat
Subject: Think Tanks, Think Sintex
Date Posted: 15/Feb/2008 at 5:00pm
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Emkay has initiated coverage on Sintex Industries (CMP: Rs. 452, Market Cap Rs. 5,000 Crores) . FY07 Results:
Net Revenues: Rs. 1,165 Crores
EBIDTA: Rs. 222 Crores
Net Profits: Rs. 133 Crores
EPS: Rs. 12
RoE: 24.7%
P/E(x): 37
FY10 Earnings Estimates:
Net Revenues: Rs. 4,355 crores EBIDTA: Rs. 892 Crores
Net Profits: Rs. 603 crores EPS: Rs. 40
RoE: 18.7%
P/E(x): 12 Excerpts from the report:
I just wish the other 30% revenues came from anything other than textiles.
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Replies:
Posted By: nitin_jagtap
Date Posted: 15/Feb/2008 at 5:04pm
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Cat this is another solid company just like their tanks ...equitymaster has been covering this stock for more than 18 months. Management was earlier not very focussed now they have come back with new vigour. PS : I hold this stock ------------- Warm REgards Nitin Jagtap |
Posted By: smartcat
Date Posted: 15/Feb/2008 at 5:14pm
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Equitymaster Estimates: FY10E Revenues: Rs. 2,500 crores
FY10E Net Profits: Rs. 360 crores
But Equitymaster research reports should only be read for the content - not for earnings estimates. Their estimates are extremely conservative.
Regarding Sintex, along with usual concerns like textile business, competition from small scale industries, rise in input costs (petroleum based) etc, I am concerned about the poor quality of Sintex's website design. People should not be allowed to run a business if they can't design a proper website
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Posted By: nitin_jagtap
Date Posted: 15/Feb/2008 at 5:21pm
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True eqm is quite conservative in estimates , on one hand thats the way an analyst should work when writing a report , you cant take everything on face value in a conf call with the management.Its better to discount some parts of it. Yes website design is something I also pay lot of importance to and also mentioned this in another thread (cant remember which one) but if the management isnt tech savy I am afraid we have to live with it. ------------- Warm REgards Nitin Jagtap |
Posted By: basant
Date Posted: 15/Feb/2008 at 5:38pm
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We will keep this under the Emerging companies section. SmartCat can you edit that first post and include parameters like CMP, Mkt Cap, growth rates etc -> in TED format! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: kulman
Date Posted: 15/Feb/2008 at 6:52pm
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Interesting. The issue with Sintex is their main products aren't consumable type.
See SmartCat... when I referred you as HNI it also meant Having Numerous stock Ideas.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: tigershark
Date Posted: 15/Feb/2008 at 8:49pm
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do high rise apts built by dlf and brigade grp for ex put sintex tanks on top? and what would be the churn ratefor onre tank 10-20 yrs? is this business similair to suitcase business? ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: kulman
Date Posted: 15/Feb/2008 at 9:22pm
Which suitcase? The one carried by the Late Narsimha Rao to Mr. Phatak or the one used by VIPs? Both look like scams...but it's not proven yet. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: swapan
Date Posted: 15/Feb/2008 at 11:03pm
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I have been extremely bullish on this stock for a long time and one of my 5 major picks that had not been discussed on TED. This has been Sandeep Sabharwals major pick for a long time.
Sintex is not only about tanks. Infact their tank business grew just 6% y-o-y. This is more about prefabricated plastics, custom molding, composites and high end textiles.
It is an excellent proxy for telecom, power sector and possibly housing, infrastructure in future. They are a market leader in prefabricated plastic shelters in these industries and so a great proxy to these industries.
Their annual report is worth reading. It has a picture of the low cost house they designed, which is extremely impressive. The house can be assembled at a fraction of the cost and time with something built from traditional materials.
http://www.sintex.in/pdf/Sintex-annual-report.pdf - http://www.sintex.in/pdf
They have a large order from Gujarat government which intends to use it as slum replacement. I think this has the potential to be replicated across India.
The management is extremely innovative and has steered the company impressively. They are among the few textile companies who have managed double digit growth again by following a novel strategy. They have focussed on high end designer stuff in which competition from China is minimal.
Another focus is composites. Composites is a high growth industry globally, with thrust to shift to lighter materials. Even in developed markets growth should stay above 20% for the forseeable future. I think they have done well by making the right acquisitions in US.
Business Standard article gives information on company strategy.
http://www.business-standard.com/common/storypage.php?autono=306166&leftnm=0&subLeft=0&chkFlg - http://www.business-standard.com/common/storypage.php?autono=306166&leftnm=0&subLeft=0&chkFlg = I paste the equitymaster projections (though I concur with the above opinion that equitymaster has only to be read for content and not projections. Nevertheless I think they are useful since they are usually conservative and gives some benchmark).
At this price despite the correction, there may be a bit of froth. But long term it is a great stock to own given its visionary management, high innovative content and high entry barriers that come with it, and a proxy for many of the high growth industries today.
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Posted By: nitin_jagtap
Date Posted: 15/Feb/2008 at 11:26pm
Swapanji Which are the 4 other picks that arent discussed on TED ? ------------- Warm REgards Nitin Jagtap |
Posted By: swapan
Date Posted: 15/Feb/2008 at 12:11pm
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Nitinji,
Sorry I confused you. Of my top picks, Sintex was the only one NOT discussed here. Others have been Reliance, 3i infotech, Voltas, Bartronics, Axis.
I entered Axis after being convinced reading all the material posted by Basantji. So that is thanks to TED.
Bartronics has got some very valid criticism from many members. But I still feel the enormity of opportunity provides managment to make lot of mistakes and still succeed.
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Posted By: India_Bull
Date Posted: 15/Feb/2008 at 12:16pm
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Sandeep Sabarwal is quite bullish on this stock, such stks can only be bought at the times of correction. How many times do you replace tanks in the life time of the building ? A good example for Pick- Axe theme for the infra boom in the country but if someone is looking at concentrated portfolio many other alternatives available
------------- India_Bull forever Bull ! www.kapilcomedynights.com |
Posted By: manishdave
Date Posted: 15/Feb/2008 at 1:22am
Actually it was discussed on TED sometimes back. I held it for 4+ years and It had huge run. Right now I am out of it because of valuation. Would love to enter if it comes to my comfort zone.
After I purchased I asked RD just to get attention for this stock. I had asked twice.
http://www.rediff.com/chat/trans/1208ts.htm - http://www.rediff.com/chat/trans/1208ts.htm
After that Q sharekhan covered it had had few back-to-back circuits.
http://ia.rediff.com/chat/trans/1908ts.htm - http://ia.rediff.com/chat/trans/1908ts.htm
Few missing points so far on this company -
1. Petroleum storage tank business,
2. Engineering grade plastic can be big business, particularly in auto.
3. Their aquisitions .
Soros group had 35% stake but bought it early and sold it early.
P.S. Manishes are in majority here and other Manish may say that it was him on that Chat. I have no arguments for that.
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Posted By: kulman
Date Posted: 15/Feb/2008 at 7:36am
 ha ha ha!! Kya baat hain! Having said that, it has been seen that Manishs are usually gentlemen & don't get involved in unnecessary arguments. Of course there could be few exceptions.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: swapan
Date Posted: 15/Feb/2008 at 8:14am
| I suggest the title of this thread be changes as it is misleading and reinforces the common misperception people have about Sintex. They associate it only with Tanks, whereas it is now a proxy for several high growth industry. |
Posted By: manishdave
Date Posted: 15/Feb/2008 at 8:30am
If people associate word tank with stock price, it is even more misperception. Nowadays that is what mind wants to inerpret word tank related to stock.
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Posted By: kulman
Date Posted: 15/Feb/2008 at 8:33am
ha ha ha  Manish Dave jee is in full mood these days. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: manishdave
Date Posted: 15/Feb/2008 at 9:13am
When you get too much sugar you get hyper. Pun intended.
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Posted By: smartcat
Date Posted: 16/Feb/2008 at 4:39pm
Swapan, thanks for putting the link on Sintex annual report. I was barking up the wrong tree - looking at http://www.sintex-india.com - www.sintex-india.com and http://www.sintex-plastics.com - www.sintex-plastics.com rather than http://www.sintex.in - www.sintex.in .
Oh OK then its fine. I thought you were referring to the other HNIs - Hopelessly Naive Investors. These guys shot to prominence during the Reliance Power IPO.
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Posted By: Vivek Sukhani
Date Posted: 16/Feb/2008 at 6:33pm
| Hum Nahi Investors?????? |
Posted By: omshivaya
Date Posted: 16/Feb/2008 at 7:27pm
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Hum Naughty Investors
Hum Namakool Investors
Hum Nikamme Investors
------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: KACHAM
Date Posted: 16/Feb/2008 at 8:52pm
I second that and my portfolio reflects my conviction on bartronics.
It has a huge potential and in next two yeara both topline and bottom lineshould be increaded by 3 times.
coming to sintex Iam glad to know the whole info on the company ------------- Jai Telangana, Jai Jai Telangana |
Posted By: India_Bull
Date Posted: 16/Feb/2008 at 10:43pm
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I think Ambarish Baliga is quite bullish on this stock. Dont know his latest views on this.A very good example of Pick-Axe theory for the retail revolution in the country. But somehow heard from my friends about management quality not that gr8 to take this company further and there are no entry barriers as well. Anyways this is my personal opinion.
------------- India_Bull forever Bull ! www.kapilcomedynights.com |
Posted By: Vivek Sukhani
Date Posted: 16/Feb/2008 at 10:58pm
| before posting messages, look at the thread's topic. Even if you want to type anything, at least mention the name of the company you are talking about.Ambarish Balliga is bullish on bartronics or sintex? |
Posted By: India_Bull
Date Posted: 16/Feb/2008 at 11:03pm
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Oh Vivekjee.. Sorry, thanks will keep in mind Ambarish Baliga- Bartronics Sandeep Sabarwal- Sintex ------------- India_Bull forever Bull ! www.kapilcomedynights.com |
Posted By: PKB2000
Date Posted: 19/Aug/2008 at 11:47am
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Future and options have not shown much impact on stock. and the price is just around 5% higher than one month back.
Is it the timee to take some quantity?
I think so ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: siddharth
Date Posted: 11/Sep/2008 at 3:31am
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SINTEX
EPS
FY01 2.505
FY02 2.640
FY03 3.031
FY04 4.645
FY05 7.142
FY06 9.951
FY07 12.146
FY08 18.353
A great consistent growth record, and this company is now quoting at a trailing pe of 16 with a leading pe of 11.6
est peg ratio .31
Of the 10 top brokerage houses (including likes of Goldman, clsa,ubs,jpmorgan.edlweiss).. all 10 have buy recommendation with an average target price of INR 488.
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Posted By: basant
Date Posted: 11/Sep/2008 at 6:47am
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Can you indicate the RoE and Debt levels also. Seems interesting. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: jain208
Date Posted: 12/Sep/2008 at 2:46pm
All the important ratios are given http://finance.livemint.com/Research.asp?pageName=FundaReports&ReportType=Ratio&CompanyCode=17010001&CompanyName=Sintex+Industries+Ltd%2E&Ticker=Sintex+Inds&MajorSector= - here ------------- ======================================= The more it changes, the more it’s the same thing. |
Posted By: abhishekbasu
Date Posted: 12/Sep/2008 at 4:14pm
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RoNW is around 14.78% and has reduced from around 20% in the last two years. Also, with construction sector under pressure, the revenues may be impacted in the next 2-3 years. |
Posted By: basant
Date Posted: 12/Sep/2008 at 8:08pm
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15% operating RoE isn't a great thing!
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: praveen
Date Posted: 13/Sep/2008 at 1:19pm
Something doesn't feel right. Both margins & asset turnover has been improving over the years incl. 2008. Inspite of that such significant drop in ROE. I don't even see a drop in leverage. So what might be the reason for the drop in ROE? There is significant jump in Book Value in FY-08. Only conclusion I can draw all this information(assuming all of it is correct) is they did a private placement in DEC/JAN/FEB at a significant premium. And because of that extra equity the ROE is less. If thats the only case then over the next 2 years the ROE should move upwards again as they use the cash effectively. ------------- The quest for knowledge is a never ending Journey |
Posted By: basant
Date Posted: 13/Sep/2008 at 1:55pm
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Good observation. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: amaani
Date Posted: 13/Sep/2008 at 3:36pm
| Sintex cannot become a multibagger in the short time. Sintex has several competition and their textile growth is not exhaustive. |
Posted By: kumardiwesh
Date Posted: 13/Sep/2008 at 7:59pm
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Yes...Praveen is right.
Their equity base has gone up substantially, negating improvements in the other two factors. ------------- "History does not tell you the probability of future financial things happening" - Warren Buffett |
Posted By: siddharth
Date Posted: 15/Sep/2008 at 11:50pm
You are bang on target about this one, they issues 12.54 million shares in 2/08 at INR 470 per share!
I think this stock demands more serious prodding at the CMP
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Posted By: siddharth
Date Posted: 15/Sep/2008 at 11:54pm
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Sintex Industries Ltd has informed BSE that pursuant to the approval of the shareholders of the Company at the Extra Ordinary General Meeting of the Company held on December 24, 2007, the Committee of Directors at its meeting held on February 11, 2008, has allotted 12542553 equity shares of Rs 2/- each of the Company to Qualified Institutional Buyers. Sorry for this font size!
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Posted By: kanagala
Date Posted: 01/Oct/2008 at 1:52am
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Suddenly most of the brokerages came up with buy reports on Sintex. They are pointing Monolihic structures as a new big opportunity which finds application low cost construction. Any one familiar with these.
------------- While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior. |
Posted By: abhishekbasu
Date Posted: 02/Oct/2008 at 1:16pm
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From EQM's 28 May report:: Monolithic and prefabs: The growth in Sintex’s monolithic and prefab businesses is expected mainly on the back of the government’s focus on universal education and housing. Need for providing education to more and more children and creation of quality yet cost effective infrastructure (classrooms), combined with construction of quality houses at much lower cost and in much lesser time than traditional concrete houses, are expected to be the biggest drivers for Sintex’s prefab business in the future. Further, given that Sintex already has in place necessary approvals and product registrations with major states in the country, it has a head start over competition. Simply put, monolithic construction is a substitute to conventional method of construction, and is cost effective and less time consuming when it comes to mass housing schemes. Sintex constructed nearly 1,500 low-income group houses for the Ahmedabad Urban Development Authority in FY07. The management has also indicated that negotiations are on for similar assignments in Delhi, Chandigarh and other places in northern India. The current order book of the company in the monolithic construction stands at Rs 17 bn, which is to be executed over a period of 2 to 3 years. A large part of this order book is one order from Gujarat Urban Development Company for construction of 50,000 EWS (economically weaker section) quarters in Ahmedabad, Baroda, Rajkot and Surat. As a matter of prudence and taking into account the execution risks, Sintex has stopped taking in further orders, as its hands are full with the existing orders. In the plastics business, Sintex also specialises in offering BT (base terminal) shelters for telecom equipment, and is expected to benefit from the strong growth estimated in telecom infrastructure in the country. Its acquisition of Zeppelin Mobile in FY07 has given it scale and execution capabilities from a market leadership position in the telecom shelter space. As a way of diversification, the company is now looking at the cold storage opportunity where it plans to set up warehouses for agricultural companies going forward. |
Posted By: praveen
Date Posted: 10/Oct/2008 at 4:13pm
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Excellent qtr results considering gloom and doom all around
------------- The quest for knowledge is a never ending Journey |
Posted By: abhishekbasu
Date Posted: 10/Oct/2008 at 5:16pm
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From announcment to BSE: Sintex Industries Ltd has announced the following Unaudited results for the quarter ended September 30, 2008: The results for the Quarter ended September 30, 2008 The Company has posted a net profit of Rs 682.415 million for the quarter ended September 30, 2008 as compared to Rs 419.845 million for the quarter ended September 30, 2007. Total Income has increased from Rs 3286.10 million for the quarter ended September 30, 2007 to Rs 4635.834 million for the quarter ended September 30, 2008. The Consolidated results are as follows: The consolidated results for the Quarter ended September 30, 2008 The Group has posted a net profit of Rs 837.802 million for the quarter ended September 30, 2008 as compared to Rs 442.725 million for the quarter ended September 30, 2007. Total Income has increased from Rs 3976.633 million for the quarter ended September 30, 2007 to Rs 7560.686 million for the quarter ended September 30, 2008. ========================================= Another interesting fact from their announcement: "In the monolithic segment, the demand for low cost mass housing has been increasing significantly. Sintex's order book stands at Rs 15 billion (Rs 1500 Crores) in various projects ranging from slum development, police quarters and government quarters. This order book will be executed over FY09 and FY10." ------------- |
Posted By: karthikr80
Date Posted: 06/Nov/2008 at 9:15am
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http://myiris.com/shares/research/ESSBL/SININDUS_20081013.pdf
Seems like a good buy. ------------- karthik |
Posted By: Vivek Sukhani
Date Posted: 22/Nov/2008 at 9:12am
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whats going wrong with Sintex....is it a case of frustrated selling or expected hit due to real estate connection.... ------------- Jai Guru!!! |
Posted By: tigershark
Date Posted: 22/Nov/2008 at 10:26am
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also dont forget the textile div which is in the direct line of fire ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: Vivek Sukhani
Date Posted: 22/Nov/2008 at 10:34am
Better explanation...... ------------- Jai Guru!!! |
Posted By: praveen
Date Posted: 11/Jan/2009 at 9:53am
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Looks like reasonable results
------------- The quest for knowledge is a never ending Journey |
Posted By: deveshkayal
Date Posted: 11/Jan/2009 at 9:58am
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I think Q4 constitutes 35-40% of annual revenues. So lets see how it pans out. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: Hitesh Shah
Date Posted: 11/Jan/2009 at 10:28am
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Market is not happy though?
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Posted By: nitin_jagtap
Date Posted: 12/Jan/2009 at 1:00pm
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Does any one know the major competitors of sintex (across diff business units - Kaveri is competition in the tanks space in south india) ..recently visited the sintex stall in an exhibition on const materials ...the person at the sintex counter said their next competitor was 1/10th their size...does this translate into long term competitive advantage or some kind of uphanded monopoly. ------------- Warm REgards Nitin Jagtap |
Posted By: Mr. V
Date Posted: 12/Jan/2009 at 10:30am
Manish Dave, Is the CMP in your comfort zone ? |
Posted By: manishdave
Date Posted: 12/Jan/2009 at 11:10am
Yes. It is in comfort zone.
What I am waiting for is segment wise result to see performance of plastic division.
Most of industrial product companies will have inventory price. But that problem is over. Besides that sintex is going to lose 50cr(one time loss) in next Q on German comapny.
But their product/brand are excellent and their financials are very healthy. |
Posted By: Vivek Sukhani
Date Posted: 12/Jan/2009 at 11:21am
Patton is a big group here in the east as far as plastic tank goes....
Sintex as far as tanks goes, is something like a Pidilite as far as adhesive goes. Sintex has a drag business like textiles, if I am not wrong, something like pidilite has in terms of industrial chemicals. Both depend on real estate, both have petchem inputs. Its can be PVC fopr sintex and VAM for pidilite. Both are iconic brands in India as far as their spaces go.
I think we need to have that troika of asian paints-Pidilite-Sintex in a portfolio.
------------- Jai Guru!!! |
Posted By: abhishekbasu
Date Posted: 13/Jan/2009 at 3:54pm
The textile business of Sintex is not a run-of-the-mill commodity textile business like Arvind Mills. They supply fabrics to fashion houses in Europe where the margins are relatively better. The textile division manufactures and supplies structured fabrics to high-end fashion houses. As much as 70% of the total revenues of this business are derived from exports. The division caters to a niche segment of the fabric market (representing only 2.8% of the total fabrics sold in the world). Over the years, Sintex has maintained its focus on these niche markets and today has alliances with some of the best fashion design houses in Europe and India. Its joint venture with Canclini has been the primary volume driver for the company and helped it to increase its “per metre” profitability. ------------- |
Posted By: Mr. V
Date Posted: 13/Jan/2009 at 10:23pm
| Can someone please provide a link to the 2007 and 2008 annual reports. |
Posted By: manishdave
Date Posted: 13/Jan/2009 at 10:35pm
All you said is right. But reason I would buy Sintex is its plastic business.
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Posted By: Hitesh Shah
Date Posted: 13/Jan/2009 at 10:38pm
That's a hard one! They don't have an "investor section"   !!------------- |
Posted By: Mr. V
Date Posted: 13/Jan/2009 at 11:09pm
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They do... but it has the FY06 annual report. They have 3 different and very crappy websites. |
Posted By: Mr. V
Date Posted: 13/Jan/2009 at 12:49pm
| Here is the http://sebiedifar.nic.in/sebi_doc_pub.asp?value=ar - link for their annual reports from 2003 to 2008. |
Posted By: Mr. V
Date Posted: 30/Jan/2009 at 12:41pm
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According to the FY08 annual report : Cash & Cash Equivalents : 1657 cr Current Market cap (CMP Rs 135) = 1830 cr Am I missing something ? |
Posted By: Vivek Sukhani
Date Posted: 30/Jan/2009 at 12:43pm
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Is it borrowings free???? ------------- Jai Guru!!! |
Posted By: Mr. V
Date Posted: 30/Jan/2009 at 12:47pm
| FCCB raised in Dec 2007 (900 cr types) is due in 2013 at 130%. |
Posted By: Vivek Sukhani
Date Posted: 30/Jan/2009 at 12:53pm
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Net cash is not that high compared to market cap.
Whats the book value???? ------------- Jai Guru!!! |
Posted By: Mr. V
Date Posted: 30/Jan/2009 at 1:04am
| BV per share Rs 111 |
Posted By: manishdave
Date Posted: 30/Jan/2009 at 8:38am
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Net debt is at comfortable level. Brand, Product range, cash generation and expansion are all good. I purchased share and will keep on adding.
Company said they had inventory loss due to sharp decline in price. Higher price inventory will be used by middle of current q. So Q1 '10 should be normal.
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Posted By: Mr. V
Date Posted: 06/Feb/2009 at 11:53pm
| Any idea as to why it has gone down from 140 levels to 109 with 2-3x average volumes over the last five sessions ? |
Posted By: Hitesh Shah
Date Posted: 10/Feb/2009 at 5:38pm
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Because of http://moneycontrol.com/mccode/news/article/news_article.php?autono=384741&special=highlights - this ?
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Posted By: Mr. V
Date Posted: 10/Feb/2009 at 11:55pm
| T Rowe Price picked up 1.5m shares today. |
Posted By: Mr. V
Date Posted: 25/Feb/2009 at 12:45pm
| This is now available at 90 levels. Looks like the market is factoring a massive degrowth. |
Posted By: basant
Date Posted: 25/Feb/2009 at 5:22am
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Can someone quote the estimated financials for Fy10? ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: Mr. V
Date Posted: 25/Feb/2009 at 8:10am
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FY09 net profit will be around 270 cr. Company feels FY10 will be flat which would mean EPS of Rs 20. Company raised truck load of cash through QIP and FCCB just before the Jan crash. Cash & Cash Equivalent is around 1600 cr. This includes about 900 cr in FCCB money but these bonds are due for conversion in 2013. Sintex acquired a bunch of companies in the US, France and other european countries. These acquired companies are into composites, plastics and auto plastics components. Sintex is planning to move the manufacturing to India. |
Posted By: Hitesh Shah
Date Posted: 03/Mar/2009 at 11:32am
Another dukhi aatma stock now at 85/- 
------------- |
Posted By: manishdave
Date Posted: 04/Mar/2009 at 2:40pm
Some of the dukhi aatma stocks are not
 but  . It is wonderful opportunity to get this stock at this prices. I keep on adding and will keep on adding as price decline.They have cash, orders, brand, good product line. I don't see anything wrong other than shares held buy troubled institution. It reminds me Karur Vysya in 2000. When whole mkt was soaring, Karur kept on going down boz Jadin Fleming was selling constantly despite of good results.
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Posted By: karthikr80
Date Posted: 04/Mar/2009 at 2:58pm
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any idea who is selling this. It has decent BV and is at low p/e. However the company they acquired is not doing well, i guess. ------------- karthik |
Posted By: manishdave
Date Posted: 04/Mar/2009 at 3:05pm
They did more than one acquisition. They will get technology/customers. Don't know and don't care who is selling but it was darling of many FIIs.
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Posted By: Circuit
Date Posted: 04/Mar/2009 at 4:58pm
Dukhi Aatma with a reason !!!
If I remember correctly, one of their acquisition has gone into liquidation which means all the money invested goes down the drain.
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Posted By: basant
Date Posted: 04/Mar/2009 at 5:13pm
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Over the past 12 months it is the baton that has changed sometimes it has been the investors who went into liquidation and sometimes it is the company. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: Ajith
Date Posted: 04/Mar/2009 at 8:57pm
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The management is top grade,I am told.Maybe,this one will recover.
------------- Ajith |
Posted By: Vivek Sukhani
Date Posted: 05/Mar/2009 at 6:48pm
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Now sub-80.......from 500+ to 80-, this surely needs more careful understanding.
------------- Jai Guru!!! |
Posted By: Circuit
Date Posted: 05/Mar/2009 at 9:35pm
Old news but important:
http://www.moneycontrol.com/news/video/newsvideo.php?autono=371075 - Sintex's German acquisition Geiger Technik goes bankrupt
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Posted By: Hitesh Shah
Date Posted: 05/Mar/2009 at 10:19pm
Another case of a forum_topics.asp?FID=30 - Mid cap I got in at 160 thinking it was a bargain and just a few weeks down the road !!!------------- |
Posted By: karthikr80
Date Posted: 05/Mar/2009 at 10:37pm
Posted By: Circuit Date Posted: 05/Mar/2009 at 10:42pm
Posted By: stockaddict Date Posted: 05/Mar/2009 at 11:02pm
Posted By: Circuit Date Posted: 05/Mar/2009 at 11:19pm
Posted By: Hitesh Shah Date Posted: 05/Mar/2009 at 6:49am
Posted By: stockaddict Date Posted: 05/Mar/2009 at 10:57am
Posted By: Hitesh Shah Date Posted: 05/Mar/2009 at 11:05am
Posted By: stockaddict Date Posted: 05/Mar/2009 at 11:18am
Posted By: Circuit Date Posted: 06/Mar/2009 at 12:36pm
Posted By: Hitesh Shah Date Posted: 06/Mar/2009 at 1:03pm
Posted By: Hitesh Shah Date Posted: 06/Mar/2009 at 1:09pm
Posted By: Vivek Sukhani Date Posted: 06/Mar/2009 at 2:33pm
Posted By: Hitesh Shah Date Posted: 06/Mar/2009 at 2:41pm
Posted By: paragdesai Date Posted: 06/Mar/2009 at 2:50pm
Posted By: Vivek Sukhani Date Posted: 06/Mar/2009 at 6:09pm
Posted By: Ajith Date Posted: 06/Mar/2009 at 10:00pm
Posted By: Mr. V Date Posted: 06/Mar/2009 at 10:08pm
Posted By: Hitesh Shah Date Posted: 06/Mar/2009 at 10:10pm
Posted By: manishdave Date Posted: 08/Mar/2009 at 1:04pm
Posted By: Circuit Date Posted: 08/Mar/2009 at 11:30am
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