In an interview to CNBC-TV18, Sunil Kanojia, Group President, Sintex Industries, said the company is seeing order opportunities from recently announced CSR schemes.
See 20-25 percent revenue growth in FY15 on consolidated basis
Sunil Kanojia
Group President
Sintex Industries
In an interview to CNBC-TV18, Kanojia said the company is seeing order opportunities from recently announced CSR schemes and expects pre-fab segment to get orders from Swachh Bharat Mission.
Sintex has gross debt of Rs 4,200 crore and net debt of Rs 4,000 crore. Kanojia expects the company to see 20-25 percent revenue growth in FY15 on consolidated basis.
Below is the transcript of Sunil Kanojia's interview with Anuj Singhal and Ekta Batra on CNBC-TV18.
Anuj: You are one of the key beneficiaries of the kind of fall that we have seen crude prices. If you could quantify that for us and if you can tell us which segments will you benefit because of this?
A: This is a downstream project of the crude oil so the prices softens up but it does not happen immediately. There is separate supply demand equation for polymers. Many a times it has happened that the oil prices have gone up but still the polymer prices remain soft. So, we have seen that prices are softening.
However, the competition will drive the prices down and custom molding also you will see that customers will call you and try negotiating with you for the prices on the downward trend. So, I can only say that we do get some advantage especially in the segment which is B2C where you do not have to reflect immediately the reduction in prices to an extent that you get benefit of reduction in the raw material prices.
So, we have gained and when the prices go up we don't lose. We are in a position whereby we can manage our margins in the positive direction.
Sintex Ind stock price
On December 08, 2014, at 14:05 hrs Sintex Industries was quoting at Rs 102.10, up Rs 2.65, or 2.66 percent. The 52-week high of the share was Rs 107.45 and the 52-week low was Rs 30.80.
The company's trailing 12-month (TTM) EPS was at Rs 10.11 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 10.1. The latest book value of the company is Rs 81.76 per share. At current value, the price-to-book value of the company is 1.25.
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