Can we buy Sintex shares now

Independent analyst Kunal Bothra has buy call on Sintex Industries with a target price of Rs 40.

The current market price of Sintex Industries is Rs 35.1.

Time period given by analyst is intraday when Sintex Industries price can reach defined target.

Kunal Bothra recommended to keep stoploss at Rs 32.

Sintex Industries, incorporated in the year 1931, is a Mid Cap company (having a market cap of Rs 1947.85 crore) operating in Textiles sector.

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

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of Rs 661.40 crore, down 68.13% from last quarter Sales of Rs 2075.01 crore and down 71.54% from last year same quarter Sales of Rs 2323.75 crore.

The company’s top management includes 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. Company has Shah & Shah Associates as its auditors. As on 30-06-2017, the company has a total of 554,941,700 shares outstanding.