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SINTEX INDUSTRIES LIMITED

www.sintex.co.in
Active
Updated: 28 Oct 2024

The company manufactures and sells textiles and yarns in India and internationally.

Sintex Industries Limited, is a listed public company incorporated on 01 June, 1931. It is classified as a public limited company and is located in Kalol, Gujarat. It's authorized share capital is INR 1,000.00 cr and the total paid-up capital is INR 857.14 cr.

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Industry

Manufacture of textiles
Products
  • Dobbies, Contamination Free Yarn, Blended Yarn, Textiles, Silk Yarn, Nylon-Viscose, Cupro, Metallic Yarn, Linen, Mélange Yarn, Compact Yarns, Modal, Yarns, Leno, Jacquards, Double Beam
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
14.37%
₹ 3,585.6
EBITDA
305.29%
₹ 193.8
Net Profit
-100.58%
₹ -16.0
Networth
-0.68%
₹ 2,516.5
Borrowings
-0.16%
₹ 1,895.8
Assets
2.24%
₹ 4,724.7
Gross Margin
2.09
25.0 %
Operating Margin
3.88
5.4 %
Net Profit Margin
-86.6
-0.4 %
Return on Equity
-109.61
-0.6 %
ROCE
3.3
2.1 %
Debt to Equity
-
0.8
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (5)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • LOSS MAKING
  • LOW ROCE
  • LOW CASH BALANCE
  • CASH DETERIORATING
Low Risk
  • GROSS MARGINS DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 1,634.9 1,689.2 3,126.5 3,135.0 3,585.6
Operating profit -335.8 146.3 429.7 47.8 193.8
Net profit -1,250.0 -1,301.8 -567.3 2,761.1 -16.0
Gross margin 27.6 34.0 32.2 22.9 25.0
Operating margin -20.5 8.7 13.7 1.5 5.4
Net margin -75.2 -74.6 -17.7 86.2 -0.4
Networth 3,129.5 1,874.4 1,304.6 2,533.8 2,516.5
Borrowings 1,487.7 1,603.5 1,741.9 1,898.8 1,895.8
Assets 10,557.9 9,860.0 10,170.3 4,620.9 4,724.7
Debt to equity 0.5 0.9 1.3 0.8 0.8
Current ratio 0.1 0.1 0.2 6.2 4.4
ROE -39.9 -69.5 -43.5 109.0 -0.6
Days payable 53.0 36.0 31.0 24.0 38.0
WC days -1,433.0 -1,496.0 -845.0 115.0 108.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 59.4 59.9 59.9 857.1 857.1
Reserves 3,070.1 1,814.5 1,244.7 1,676.7 1,659.4
Borrowings + 1,487.7 1,603.5 1,741.9 1,898.8 1,895.8
Long term borrowings - - - 1,898.8 1,895.8
Short term borrowings 1,487.7 1,603.5 1,741.9 - -
Trade payables + 172.7 110.8 178.0 160.1 276.7
Days payable 53.0 36.0 31.0 24.0 38.0
Other liabilities + 5,940.7 6,382.2 7,123.8 188.4 312.4
Other non-current liabilities 5.4 4.4 3.2 - 4.2
Other current liabilities 5,762.6 6,267.0 6,942.5 28.3 31.5
Total liabilities 10,557.9 9,860.0 10,170.3 4,620.9 4,724.7
Fixed Assets + 9,078.6 8,371.4 8,109.3 3,419.2 3,336.9
Tangible assets 8,011.1 7,303.5 7,042.5 2,974.5 3,040.9
CWIP 1,065.1 1,066.2 1,066.0 444.4 295.6
Intangible assets 2.4 1.6 0.8 0.2 0.4
LT loans and advances 3.5 - - - -
Other non-current assets 471.0 429.5 435.1 25.3 18.4
Current assets + 1,004.8 1,059.2 1,626.0 1,176.5 1,369.4
Inventories 119.1 146.2 308.6 458.6 645.1
Trade receivables 163.6 128.2 336.2 307.4 398.7
Cash and cash equivalents 11.4 20.1 26.6 72.2 8.0
ST loans and advances 62.1 67.5 73.5 - -
Other current assets 648.6 697.2 881.0 338.3 317.7
Total assets 10,557.9 9,860.0 10,170.3 4,620.9 4,724.7
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 1,634.9 1,689.2 3,126.5 3,135.0 3,585.6
Sales growth % -42.04 3.32 85.09 0.27 14.37
Expenses + 2,997.1 2,619.5 3,771.2 3,968.4 3,648.2
Cost of goods 1,183.0 1,115.5 2,119.7 2,416.9 2,689.3
Employee cost 157.5 134.4 163.9 173.0 189.3
Other costs 630.2 293.0 413.2 497.3 513.2
Operating profit + -335.8 146.3 429.7 47.8 193.8
Operating margin % -20.5 8.7 13.7 1.5 5.4
Other income 27.5 55.0 77.4 69.8 46.6
Interest 742.0 794.9 812.0 782.6 157.1
Depreciation 284.4 281.8 262.3 98.6 99.3
Exceptional items - -426.6 - 3,525.1 -
Profit before tax -1,334.7 -1,302.0 -567.3 2,761.5 -16.0
Tax -84.7 -0.1 - 0.4 -
Profit - disc. ops - - - - -
Net profit -1,250.0 -1,301.8 -567.3 2,761.1 -16.0
Net margin % -75.2 -74.6 -17.7 86.2 -0.4
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.5 0.9 1.3 0.8 0.8
Net Debt/Equity 0.5 0.8 1.3 0.7 0.8
Total Debt/Assets 0.1 0.2 0.2 0.4 0.4
Total Assets/Equity 3.4 5.3 7.8 1.8 1.9
Liquidity +
Current Ratio 0.1 0.1 0.2 6.2 4.4
Quick Ratio 0.1 0.1 0.1 3.8 2.4
Interest Coverage -0.5 0.2 0.5 0.1 1.2
Performance
Gross Margin 27.6 34.0 32.2 22.9 25.0
Operating Margin -20.5 8.7 13.7 1.5 5.4
Net Margin -75.2 -74.6 -17.7 86.2 -0.4
Return +
Return on Equity -39.9 -69.5 -43.5 109.0 -0.6
Pre-tax ROCE -23.3 -9.3 19.2 -1.1 2.1
Return on Assets -11.8 -13.2 -5.6 59.8 -0.3
Pre-tax ROIC -13.5 -3.9 5.5 -1.2 2.1
Efficiency +
Days Payable 53.0 36.0 31.0 24.0 38.0
Days Inventory 37.0 48.0 53.0 69.0 88.0
Days Receivable 37.0 28.0 39.0 36.0 41.0
Fixed Asset Turnover 0.2 0.2 0.4 0.9 1.1
Total Asset Turnover 0.1 0.2 0.3 0.7 0.8
Working Capital
Cash Conversion Cycle 21.0 40.0 61.0 81.0 91.0
Working Capital Days -1,433.0 -1,496.0 -845.0 115.0 108.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Axis Trustee Services Limited

No. of Loans: 1

Total Amount : 2,050.0 cr

2

Abu Dhabi Commercial Bank PJSC

No. of Loans: 1

Total Amount : 45.0 cr

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Charges

Axis Trustee Services Limited
Abu Dhabi Commercial Bank PJSC

People

Designation Name DIN/PAN Tenure
Director Shiv Kumar Bhardwaj 00001584 1 years
Director Achuthan Siddharth 00016278 2 years
CFO Jinendra Kumar Jain <HIDDEN> 2 years
Director Savithri Parekh 00274934 2 years
Director Asokan Arumugam 01460456 2 years
Director Ajay Sardana 08666057 2 years
CS Hitesh Tansukhlal Mehta <HIDDEN> 12 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
GRIFFIN AERO ALLIANCE PRIVATE LIMITED
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RELIANCE WORLD TRADE PVT LTD
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12.3 Cr 1 Gujarat
RELIANCE SERVICES AND HOLDINGS LIMITED
Active
26,953.7 Cr 1 Gujarat
REGAL LEGAL LLP
Defunct
1.0 L 1 Maharashtra
RELIANCE PROJECTS & PROPERTY MANAGEMENT SERVICES LIMITED
Active
9,895.2 Cr 1 Gujarat
SHOPSENSE RETAIL TECHNOLOGIES LIMITED
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PURPLE PANDA FASHIONS LIMITED
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THE INDIAN FILM COMBINE PVT LTD
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INDIAN PETROCHEMICALS CORPORATION LIMITE D
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ACTOSERBA ACTIVE WHOLESALE LIMITED
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JM FINANCIAL PRODUCTS LIMITED
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ALOK INDUSTRIES LIMITED
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RELIANCE INDUSTRIAL INFRASTRUCTURE LIMITED
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JM FINANCIAL ASSET MANAGEMENT LIMITED
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RELIANCE ETHANE PIPELINE LIMITED
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SAMMAAN CAPITAL LIMITED
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DEN NETWORKS LIMITED
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477.2 Cr 1 Maharashtra
JIO PAYMENTS BANK LIMITED
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STRAND LIFE SCIENCES PRIVATE LIMITED
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RELIANCE CONTENT DISTRIBUTION LIMITED
Active
5.0 L 1 Maharashtra
BVM OVERSEAS LIMITED
Active
4.5 Cr 2 Gujarat
RELIANCE CORPORATE IT PARK LIMITED
Active
238.0 Cr 1 Gujarat
RELIANCE ASSET RECONSTRUCTION COMPANY LIMITED
Active
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PEPPER ADVANTAGE INDIA PRIVATE LIMITED
Active
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SADHANA RESOLUTIONS LLP
Active
1.5 L 1 Maharashtra
ABK RESOLUTION LLP
Active
3.0 L 1 Maharashtra
THE SYNTHETIC AND RAYON TEXTILES EXPORT PROMOTION COUNCIL
Active
0.0 1 Maharashtra
BANSWARA GLOBAL LIMITED
Amalgamated
12.4 Cr 1 Rajasthan

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
BVM OVERSEAS LIMITED Gujarat 2015 ₹ 4.5 Cr

Registered Details

CIN

U17110GJ1931PLC000454

PAN

AADCS0858E

Incorporation

1931, 93.9 years

Company Email

hitesh.mehta@siltex.co.in

Paid up Capital

₹ 857.1 Cr

Authorised Capital

₹ 1,000.0 Cr

AGM

Aug 2024

Type

Public
Non-government Company

FAQ - SINTEX INDUSTRIES LIMITED

What is the incorporation date of SINTEX INDUSTRIES LIMITED?

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The incorporation date of SINTEX INDUSTRIES LIMITED is 01 June, 1931

What is the authorized share capital of SINTEX INDUSTRIES LIMITED?

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The authorized share capital of SINTEX INDUSTRIES LIMITED is INR ₹ 1,000.0 Cr.

What is the paid-up capital of SINTEX INDUSTRIES LIMITED?

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The paid-up capital of SINTEX INDUSTRIES LIMITED is INR ₹ 857.1 Cr.

What is the registered address of SINTEX INDUSTRIES LIMITED?

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The registered address of SINTEX INDUSTRIES LIMITED is KALOL NA KALOL Gujarat - 382721

What is the CIN number of SINTEX INDUSTRIES LIMITED?

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The CIN number of SINTEX INDUSTRIES LIMITED is U17110GJ1931PLC000454.

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