Buy Sintex industries

Buy Sintex Industries. Sintex industries have reported 111.6% and 71.4% growth in total income and net profits respectively on account of 209% increase in other income. However its EBITDA margin has declined by 600 basis point on YOY basis.The company has witnessed pressure on margins in Q1FY09, however targets 60- 65% growth in its top line for FY09 with 18-19% EBITDA margin. It is sitting on the cash of around Rs 1700 cr to 1800 Cr.The Company is looking for an inorganic growth and expanding its business via acquisitions. It is expected to complete a big acquisition by December 08. It has also lined up capex of USD 45 million for the prefab business and USD 180 million for monolithic business over FY09-10.