SINTEX Industries

Having book value of 94, available  at 8 PE against  17 Industry PE, and enjoying lower crude oil price, have posted good profit in H1, H2 will be also better than H1. The stock is attractive @ 99-100 price for the medium to long term.

	Sep '15	Mar '15	Sep '14
Net Sales/Income from operations	2098.77	2249.02	1757.04
Other Operating Income	8.12	8.21	3.55
Total Income From Operations	2106.89	2257.23	1760.59
EXPENDITURE
Consumption of Raw Materials	1414.48	1456.21	1162.64
Purchase of Traded Goods	14.63	--	--
Increase/Decrease in Stocks	-9.13	11.26	-7.62
Power & Fuel	--	--	--
Employees Cost	68.6	71.19	56.49
Depreciation	89.99	79.91	64.93
Excise Duty	--	--	--
Admin. And Selling Expenses	--	--	--
R & D Expenses	--	--	--
Provisions And Contingencies	--	--	--
Exp. Capitalised	--	--	--
Other Expenses	196.58	177.84	178.34
P/L Before Other Inc. , Int., Excpt. Items & Tax	331.75	460.83	305.81
Other Income	45.53	73.32	27.11
P/L Before Int., Excpt. Items & Tax	377.28	534.15	332.92
Interest	112.62	114.23	114.3
P/L Before Exceptional Items & Tax	264.66	419.92	218.62
Exceptional Items	-5.68	-12.55	-9.24
P/L Before Tax	258.98	407.36	209.38
Tax	73.6	91.67	67.55
P/L After Tax from Ordinary Activities	185.38	315.69	141.83
Prior Year Adjustments	--	--	--
Extra Ordinary Items	--	--	--
Net Profit/(Loss) For the Period	185.38	315.69	141.83
Equity Share Capital	44.46	42.44	35.51
Reserves Excluding Revaluation Reserves	--	--	--
Equity Dividend Rate (%)	--	--	--
EPS Before Extra Ordinary
Basic EPS	4.24	--	4.3
Diluted EPS	4.2	--	4.14