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nitin_jagtap
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Joined: 29/Dec/2007
Location: India
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Posts: 1283
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   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.
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Warm REgards
Nitin Jagtap
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Mr. V
Senior Member
Joined: 01/Mar/2007
Location: United States
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Posts: 903
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Posted: 12/Jan/2009 at 10:30am |
Originally posted by manishdave
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. |
Manish Dave, Is the CMP in your comfort zone ?
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manishdave
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Joined: 05/Aug/2006
Location: India
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Posted: 12/Jan/2009 at 11:10am |
Originally posted by Mr. V
Manish Dave,
Is the CMP in your comfort zone ?
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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.
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Vivek Sukhani
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Joined: 23/Jul/2006
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Posts: 6675
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Posted: 12/Jan/2009 at 11:21am |
Originally posted by nitin_jagtap
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. |
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.
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Jai Guru!!!
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abhishekbasu
Senior Member
Joined: 07/Sep/2008
Location: India
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Posts: 335
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Posted: 13/Jan/2009 at 3:54pm |
Originally posted by Vivek Sukhani
Originally posted by nitin_jagtap
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. |
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.
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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.
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Mr. V
Senior Member
Joined: 01/Mar/2007
Location: United States
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Posts: 903
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Posted: 13/Jan/2009 at 10:23pm |
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Can someone please provide a link to the 2007 and 2008 annual reports.
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manishdave
Senior Member
Joined: 05/Aug/2006
Location: India
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Posts: 1371
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Posted: 13/Jan/2009 at 10:35pm |
Originally posted by abhishekbasu
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.
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All you said is right. But reason I would buy Sintex is its plastic business.
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Hitesh Shah
Senior Member
Joined: 12/Oct/2008
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Posts: 3656
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Posted: 13/Jan/2009 at 10:38pm |
Originally posted by Mr. V
Can someone please provide a link to the 2007 and 2008 annual reports.
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That's a hard one! They don't have an "investor section"   !!
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