Sintex Industries - Growth Story Continues - Networth

- Monolithic business continues to be robust, estimated to grow at a CAGR of 31% in FY11‐FY13 period.

- Pre‐Fab business poised to grow at a CAGR of 16% in the next two years shunning the de‐growth of the last two years

- With growing synergies from the international acquisitions, Custom Mouldings to get strong impetus (15% CAGR over the next two years)

- Revenues estimated to grow by 20% in the next two years, EBIDTA margins to remain intact and profits to surge by 21% CAGR in the FY11‐13 period

- Working capital cycle is estimated to improve leading to positive operating cash flow

- Current Valuations compelling at a P/E multiple of 7.5x FY13E EPS, SOTP TP of Rs. 217/share, upside of 20%.

The stock closed the day at Rs.175.55, down by Rs.3 or 1.68%. The total traded quantity was 10.10 lakhs compared to 2 week average of 4.41 lakhs.

The stock hit an intraday high of Rs.179.75 and low of Rs.174.05.

Source : Equity Bulls

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