Sintex has shown great Q3 results. Revenues are up 41% and EPS is up 55%. At 170, the stock quotes at a P/E of 11 on the trailing 12 month EPS of 15.88.
|Sintex||Rs Cr. Except EPS data||Copyright © Market Vision|
|EPS Growth YoY%||55.51%||56.57%||30.65%||21.62%||2.29%||-23.62%||6.64%||4.99%|
|TTM EPS Growth||38.47%||26.18%||7.59%||3.15%||-2.81%||-3.11%||14.30%||20.06%|
Trailing 12 month EPS is back in growth mode - over 38% this quarter, and looking strong.
Mint says that the Sintex stock, which has fallen about 22% in a month, has been impacted by a slowdown in govt. orders. They have three lines of business - textiles, building material like in pre-fab housing/monolithic structures, and custom moulding with all three showing a reasonable rise. And we know it largely for the big black water tanks you see on rooftops!
I like this stock for the understated scale - they're into telecom shelters, moulds for cars, pre-fab housing, textiles, etc., and have touched the 1,000 cr. per quarter revenue. Additionally, they acquire on a regular basis, and don't have crazy amounts of debt (just 30 cr. a quarter as interest). It's a momentum play though, and it moves in a volatile way.
There is a lot of activity in terms of promoter pledging and unpledging of shares, though I wouldn't call it a major concern. Shareholding Pattern:
- Promoters: 35% - they've upped their stake 1% or so in Dec.
- FIIs: 35%
- Mutual Funds and Insurance: 11%
- Public: 19%
Technically the stock is weak, having lost so much recently.
Disclosure: I hold this stock, stop loss of about 150.