Sintex Plastics Technology Ltd
About
Backed by the Welspun Group, Sintex Plastics provides energy-efficient infrastructure solutions. With 7 manufacturing plants across India, Sintex offers water storage solutions, commercial storage solutions, industrial containers, waste management solutions, and electrical products. The company only uses those plastics that don’t contain lead and are free from carcinogens to ensure that there are no harmful effects from their products. Sintex’s emphasis on providing solutions for safe drinking water was spurred on by the issue of scarcity of drinkable water in India. Its active silver technology contains an antimicrobial layer that prevents harmful pathogens from entering stored water, thus revolutionising water storage, particularly in India.
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Financial Data 2022
Financial Data
| PARAMETERS | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 944 0.3% | 942 -43.7% | 1671 -37.0% | 2651 -53.2% | 5667 -0.5% | 5696 - | 0 - |
| Net Operating Income (INR Cr) | 935 8.94% | 858 -6.34% | 917 -62.60% | 2451 -55.38% | 5492 -2.84% | 5652 0.00% | 0 0.00% |
| Profit (INR Cr) | -430 - | -651 - | -1129 - | 94 -31.8% | 138 -67.1% | 420 - | 0 - |
| Assets (INR Cr) | 2585 -36.9% | 4097 -14.7% | 4800 -36.2% | 7523 1.3% | 7423 0.9% | 7359 - | 0 - |
| Net Worth (INR Cr) | 53 -93.5% | 821 -45.3% | 1499 -58.1% | 3574 4.1% | 3432 12.2% | 3059 0.0% | 0 0.0% |
| Employee Cost (INR Cr) | 125 3.1% | 121 -17.7% | 147 -6.1% | 157 -77.8% | 704 3.9% | 677 - | 0 - |
| Interest Cost (INR Cr) | 24 | 432 | 465 | 334 | 304 | 262 | 0 |
| Cash & Bank Balance (INR Cr) | 252 | 771 | 580 | 383 | 708 | 174 | 0 |
| Total Debt (INR Cr) | 2498 | 3122 | 3151 | 3727 | 3867 | 4006 | 0 |
Key Financial Ratios
| PARAMETERS | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | - | 3.6% | 2.4% | 7.4% | - |
| Profit As % Of Assets | - | - | - | 1.3% | 1.9% | 5.7% | - |
| Profit As % Of Networth | - | - | - | 2.6% | 4.0% | 13.7% | - |
| Interest Cost to EBITDA % | - | 855.3% | - | 101.8% | 48.0% | 26.5% | - |
| Debt to Equity Ratio | 47.12 | 3.80 | 2.10 | 1.04 | 1.13 | 1.31 | - |
| RONW | - | - | - | 2.7% | 5.0% | 13.7% | - |
| ROCE | 0.0% | 0.0% | 0.0% | 5.1% | 6.7% | 11.1% | 0.0% |