"The company should close the year, FY17, with a topline of around Rs 2,300 crore, up about 15 percent from last year’s Rs 2,000 crore", ukumar Srinivas, MD of Shankara Buildpro told CNBC-TV18.
Post demerger, Sintex Industries will predominantly carry the textile and spinning business, Samir Joshipura, Group CEO of Sintex told CNBC-TV18.
Sintex is all set to gain from government‘s new schemes; be it Swachh Bharat Misision or be it Housing for All, the coming years will see the company standing as a key beneficiary in the pre-fabrication space, S B Dangayach, MD, Sintex Industries told CNBC-TV18.
Sintex Industries has achieved 25 percent revenue growth. Sunil Kanojia, group CEO of Sintex Industries spoke about company's fundamentals and future prospects.
In an interview to CNBC-TV18, Sunil Kanojia, Group President, Sintex Industries, said the company is seeing order opportunities from recently announced CSR schemes.
Sunil Kanojia, group president, Sintex Industries, says despite the weak textile demand globally, India and China have seen a good demand in spinning. Besides that, a number of parameters are in favour of this textile capex.
Sunil Kanojia, Group President, Sintex Industries, says the prefab segment continues to remain robust and will see 25 percent growth in FY14.
Sintex has recently redeemed the Foreign Currency Convertible Bonds (FCCB) worth USD 292 million. This has been an overhang on the stock for sometime. Sunil Kanojia, Group President, Sintex told CNBC-TV18 that to redeem this, the company has taken both the equity and quasi debt routes.
Sintex industries, manufacturer of plastic pallets, water storage tanks, doors, windows and solar water heaters saw margin recovery across all key segments in the third quarter.
Sunil Kanojia, Group President, Sintex Industries, says that the company has applied to the RBI for redemption and as soon as we receive the redemption we will take a call to redeem it.
In an interview to CNBC-TV18 Amit Patel, managing director, Sintex Industries said that the company's net debt will reduce by Rs 300 crore after its qualified institutional plan (QIP).
Sunil Kanojia, group president of Sintex Industries says the company will focus on conserving cash to meet FCCB redemption needs.
In an interview with CNBC-TV18, Sunil Kanojia, group president of Sintex Industries talks about the latest happenings in his company and sector.
With underlying concerns on outstanding FCCBs, Sintex Industries is all set bring it up for redemption in FY13. In an interview to CNBC-TV18, Sunil Kanojia, group president of the company believes though the market is battered now, the time span to FY13 will be long enough.
In an interview to CNBC-TV18, Sunil Kanojia, Group President of Sintex Industries said, the company is on track to achieve 25-30% growth rate this year. He sees 25-30% earning per share (EPS) growth in FY12.
Sintex Industries is not worried by the increasing competition in the monolithic segment. In an interview with CNBC-TV18, Sunil Kanojia, Group President, Sintex Industries said competition is always good for any business.
Sunil Kanojia, Group President of Sintex Industries, in an interview with CNBC-TV18’s Anuj Singhal and Latha Venkatesh, spoke about the latest happenings in his company and the road ahead.