Sell Sintex Industries, target Rs 111: Religare Securities

Religare Securities has a sell call on Sintex Industries Ltd. with a target price of Rs 111. The current market price of Sintex Industries Ltd. is Rs 113.5. The time period given by the brokerage is Intra Day when Sintex Industries Ltd. price can reach defined target. Religare Securities recommended to keep stop loss at Rs 115.0 .

Sintex Industries Ltd., incorporated in the year 1931, is a midcap company with a market cap of ₹ 6157.79 crore operating in Miscellaneous sector.

Sintex Industries Ltd. key Products/Revenue Segments include Prefabricated Shelters which contributed ₹ 3135.81 Cr to Sales Value (63.70 % of Total Sales), Cloth which contributed ₹ 868.43 Cr to Sales Value (17.64 % of Total Sales), Roto Moulded Products which contributed ₹ 570.63 Cr to Sales Value (11.59 % of Total Sales), SMC/Pultrusion which contributed ₹ 251.93 Cr to Sales Value (5.11 % of Total Sales), Sale of services which contributed ₹ 46.26 Cr to Sales Value (0.93 % of Total Sales), Yarn which contributed ₹ 45.13 Cr to Sales Value (0.91 % of Total Sales), Waste which contributed ₹ 4.46 Cr to Sales Value (0.09 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 2075.01 Cr., down -8.26% from last quarter Sales of ₹ 2261.83 Cr. and up 1.47% from last year same quarter Sales of ₹ 2044.98 Cr. Company has reported net profit after tax of ₹ 110.64 Cr. in latest quarter. The company’s CEO is Mr.S B Dangayach. It's Board of Directors include Dr.Lavkumar Kantilal, Dr.Narendra Kumar Bansal, Dr.Rajesh B Parikh, Mr.Amit D Patel, Mr.Arun P Patel, Mr.Ashwin Lalbhai Shah, Mr.Dinesh B Patel, Mr.Rahul A Patel, Mr.Ramnikbhai H Ambani, Mr.S B Dangayach, Mrs.Indira J Parikh, Mr.Hitesh T Mehta, Mr.Prashant D Shah, Mr.Hitesh T Mehta. Company has its registered office at Kalol, Gandhinagar, 382721, Gujarat. Company has Shah & Shah Associates as its auditors. As on 31-03-2017, the company has a total of 544,695,954 shares outstanding.