Sintex Plastics Technology Ltd is headquartered in Kalol, Gujarat. SPTL enjoys a global presence through its subsidiaries - Sintex NP SAS (Europe) and Sintex Wausaukee Composites Inc. (US). Its Indian subsidiaries include Sintex BAPL for its custom moulding business and Sintex Prefab and Infra Ltd, which undertakes EPC contracts for infrastructure projects across the nation. SPTL entered the storage tanks manufacturing space in the 1970s and later diversified into the custom moulded electricals space through the production of SMC products. also leveraged its plastics expertise to enter the building construction space through prefabricated...

Sintex Industries is a diversified group with businesses across three segments Textiles, Plastics and Infrastructure. The group has 35 manufacturing facilities and a global footprint span across 9 countries. The company is in the process of demerger of its business to unlock the value for shareholders. Plastics and Infra business would be shifted to newly form Sintex Plastics Technology Ltd which would be listed separately and textile segment would remain under the currently listed company. Shareholders of Sintex Industries will get equal shares of Sintex Plastics Technology. The mirror...

Sintex Industries Ltd (SIL), headquartered in Kalol, Gujarat is a globally respected conglomerate with interests across building products, custom moulding and textiles. SIL enjoys global presence with 38 manufacturing facilities spread across India, Europe, North Africa & USA.SIL operates in...

Demerger to unlock value of diversified businesses of the company Sintex Industries is planning to demerger of business into two separate entities namely, Sintex Industries Ltd (Sintex) and Sintex Plastics Technology Ltd (SPTL). The shareholders of Sintex will be getting one equity share of SPTL to every equity share held in Sintex industries. The proposed demerger of business is before SEBI for its approval and process is expected to be completed by March 2017E. The demerger is expected to unlock shareholder value by separating the various business segments in different entities which is playing at high margin with significant growth rate. Sintex will carry textile & spinning business whereas, SPTL will have custom moulding and building...

Robust growth across business segments: Sintex has witnessed terrific performances during Q2FY17 wherein Textiles, Plastics & Infrastructure registered growth of 89.2%, 8.3% & 67.6% and 75.0%, 27.2% & 35.6% YoY & QoQ respectively. Revenue has risen from Rs.19119 Mn in Q2FY16 to Rs.22876 Mn in Q2FY17 having registered YoY growth of 19.6%. On half yearly and quarterly basis also, the company maintained growth momentum posting growth of 15.8% YoY and 34.5% QoQ, respectively.

Sintex announced the demerger of its custom moulding business and the prefab businessformSintexIndustriestoSintexBAPLLtdandSintexInfraProjectsLtdrespectively under Sintex Plastics Technology Ltd as a whollyowned subsidiary. Shareholders of Sintex Industries will get one equity share of Sintex Plastics Technology against one equity share...

Revenue growth in textile and overseas custom moulding. Disappointment in Prefab and custom moulding resulted in lower than expected revenue. Strong margin improvement across the segments resulted in line EBITDA....

Ex-Textiles, single-digit growth in 4Q: Excluding Textiles, which grew 31% YoY, SINT's other business segments grew in single digits Prefabs (flat YoY, albeit 25% in FY16), Composites (7% YoY, albeit 11% in FY16). Deceleration in growth...

Product mix (higher sale of low margin products i.e toilets and waste bin) and trading in textile yarn impacted margins during quarter. Net profit in line with estimates, support from lower interest cost and tax provision....

Buoyancy in key products: Sintex manufactures and specializes in Prefab & Monolithic construction for mass housing. This segment could be hugely benefited from the launch of housing mission by the Government like Housing for All (Urban)- Pradhan Mantri Awas Yojana, Housing for All by 2022 Mission.

Sintex is engaged in manufacturing of textiles and plastic products. It also provides building solutions, auto components, civil construction (monolithic concrete construction) and EPC. SIL is looking forward to a growth of more than 30 percent in prefabricated business, while it expects the custom moulding business to grow due to improvement in the PMI index in US and Europe.In January-March quarter, Sintex had announced the acquisition of two bankrupt assets that are engaged in custom moulding in Germany and Poland at a consideration of Rs 170 crore....