10
Please Refer DISCLAIMER on the Last Page Source (for all financial data): Company, Techno Research; (A) = Audited, (E) = Techno Estimates, (U) = Unaudited ! "# $%% %% &’ % ()) *’%% +,&’ % ’ %%$ ---- ./ . .0 ./ 1 234013 ./ . .0 ./ 1 234013 ./ . .0 ./ 1 234013 ./ . .0 ./ 1 234013 Analyst: Chintan Mewar 5633 8900 x 153 [email protected] ! " # !"# $%& ’$ ! ( )"" ** +,-./ 0,#1 ’23 ," 4 5 0, )# !6,, "" ( "#1" &7 (623 &&! 8 "9 ":68;: ")80" <3=23, 0) 53.<. ’<. 1> ? **> .. > @3A5 > " " != B. B3 < $ B. ’@ ! # ) 0 " .9. 7 &.-/ 0 " " " " ’C ’C ’C# ’C) o $ # # # o " $%&’( )* + , %-& . o " / # 0- 12/3-4 # %- # / .. 5% o # 67 89 $+# # o : # $)# ; %-3 *:$ <=>: # o ? +##>1# # @>1# #1 # .03 ##; 5A%+ # # $ # + @6,<;1@;(<; 0 , @B # ; .33 )%3& #* C C C < < < D D D C C C > > > 6 6 6 ; ; ; < < < ( ( ( < < < > > > ) ) ) * * * !" !# !$ !% && #"’ %"( )*!* )#%" &+,& ))( )-- *!" (*! "(.’ ’* )-% *-# /.0 # )* *! 12 *!.* )".% )).’ %.* 12 -.) (.! (.! *." 3/40 )!.# )*.( )#.$ **.’ /40 )*." ))." )$.( *(.#

Sintex Industries Ltd.-techno Research Report

Embed Size (px)

DESCRIPTION

Sintex stock - Buy sooner!

Citation preview

  • Please Refer DISCLAIMER on the Last Page Source (for all financial data): Company, Techno Research; (A) = Audited, (E) = Techno Estimates, (U) = Unaudited

    !"#$%%%%

    &'%())*'%%+,&'%'%%$----

    ./..0./1234013

    ./..0./1234013

    ./..0./1234013

    ./..0./1234013

    Analyst: Chintan Mewar 5633 8900 x 153 [email protected]

    !"

    #

    !"#

    $%& '$ !

    ( )""

    **

    +,-./ 0,#1

    '23 ,"

    45 0,)#

    !6,, ""

    ( "#1"

    &7

    (623

    &&!8 "9

    ":68;: ")80"

  • INDIA RESEARCH

    Sintex Industries Ltd. (SIL) 2 15th May 2006

    INTRODUCTION

    ! "#

    # , ,

    #0& #

    )12533-*E5333

    ()%.3330A333

    *,-A5 0F

    #

    PLASTIC BUSINESS

    ",#,

    # B /

    ##

    # :

    B

    6:

    (

    #F3

    --/-E

    ;8

    BUSINESS MODEL

    3(.!9'C

    "0>

    10>

    "">

    &.6 @ !3./3-

    , 7 03333( 8/3E

    , 03333( >/3

    7 5.E >/3E

    #, 7 03/05(+ :/3E >22

    '

    #

    ;%-3

    ! $

    :$:#

    :

    +#$

  • INDIA RESEARCH

    Sintex Industries Ltd. (SIL) 6 15th May 2006

    5

    !# !" 4 +&

    C F-.%5 E-F5 .3

    0%%5F 00.0A 5

    5A3A 5%F- 0

    ,=> 00-0A FF.% .3

    > .3EF 5F5- A

    @ 5AA 03-. 0F.

    ,= 00%. 3E5 E5

    0. .F .-

    > %A0 05A0 /E5

    ,: A535 -.A0 0

    1(533-.3&

    ;F-%0&;A5

    ,=> 0& 0E-&I,:

    @

    D3=3&.

    "

    "

    *

    *

    D1

    "D1

    *D1

    1D1

    D

    "D

    *D

    1D

    D

    "D

    *D

    1D

    Margin pressure

    0.05.0

    10.015.020.025.0

    FY01 FY02 FY03 FY04 FY05 FY06

    +,9

    #

    #$

    : #

    CJ 3E

    +

    3!9'C

    1>

    *#>">

    "0>

    &.6 @ !3.< &93

    3!9'C#

    ">

    *)>

    "*>

    "#>

    &.6 @ !3.< &93

    3!9'C)

    0>

    1>

    ">

    " >

    &.6 @ !3.< &93

  • INDIA RESEARCH

    Sintex Industries Ltd. (SIL) 7 15th May 2006

    1 ?!# ?!$ ?!% ?!' ?)! ?)) ?)* ?)( ?)-

    2 .53 %5E -%- EE- E- F-E A5-

    03% 0% 5.3 .3 .A5 %A --3 E0 EEE

    && .0 .3 28 5- 53 53 53 53 53@,& 0.- 0 5-F ..5 %05 %AA -3 E. EFE

    < 0E3 003 0.3 F3 E3 %3 %3 %3 %3

    &&3 .3 %. E0 F0 03- 05F 0% 0E- 0F

    A"" *- #$ )$) *-$ (() (%( -(* -#%

    5

    >&)7* -

    & 55

    & -%3

    ;& -

    ;& F

    = 3E5

  • INDIA RESEARCH

    Sintex Industries Ltd. (SIL) 8 15th May 2006

    55/9&0 Rs. in crore

    55 !" !# !$ !%

    C

    ; () * )% )

    28 .0 .3 28 # 000 - /5 3

    1# /0-0 /0E- /03F /0.3

    ># /- /A /00 /00

    @ 00 .3 55 0F

    ,> %3 /0F /53 /53

    @ /5- E% /0F0 /%3

    1 0%% %. /0A3 /-.

    - .5 /0FE 05

    @ 0A F %-3 5E.

    E %-3 5E% 5-

    : !" !# !$ !%

    @8:

    ,=>)&* 05 0EA 03 0A3

    ,=)&* 03 0.% 0%% 05

    ,:)&* F5 03F 05. 0%E

    ;)&* 5. 0A- 0-3 0-3

    ; * F5 F5 F E

    # 4.6 5.0 8.9 15.2 ; 1.9 1.8 1.7 1.7

  • INDIA RESEARCH

    Sintex Industries Ltd. (SIL) 9 15th May 2006

    =L

    + IL

    1 IL

    1 IL

    (= ,G

    $, ,G

    # ,G

    1;, ,G

    8 ,G

    ( ,GG@6

    I

    I

    9 I

    I

    >

    >

    :

  • INDIA RESEARCH

    Sintex Industries Ltd. (SIL) 10 15th May 2006

    &@@&E

    ((510E=(1(%33330A0/55-E..FA33

    1CA0/5555EA33%0