Expect 15 percent growth in revenues for Sintex Plastic going forward: PhilipCap

Sintex Plastics Technology got listed today. The company is into pre-fabrication, custom moulding and makes storage tanks and it will have two wholly-owned subsidiaries, Sintex BAPL and Sintex Infra Proj.

In an interview to CNBC-TV18, Vikram Suryavanshi of PhilipCapital spoke about the new listing and shared his views on the same.

Sintex has created a very good brand in terms of plastic, pre-fab and global footprint in custom moulding. We are looking at around Rs 120 levels and for FY19, company can do around Rs 10-10.50 earnings per share (EPS), he said.

There is further scope of rerating if the management can deliver on capital efficiency, working capital improvement or deleverage in the balance sheet, he added.