Commercial Syn Bags Ltd

About

Commercial Syn Bags Limited is an India-based company, which is engaged in the manufacture of plastic articles for the packing of goods (plastic bags, sacks, containers, boxes, cases, carboys and bottles).

  • Market Cap 72.2 Cr.
  • Current Price 61.0
  • High / Low 64.0 / 36.1
  • Stock P/E 6.39
  • Book Value 58.3
  • Dividend Yield 2.46 %
  • ROCE 16.0 %
  • ROE 17.9 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.05 times its book value
  • Debtor days have improved from 50.32 to 35.25 days.

Cons

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Figures in Rs. Crores

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
39.74 58.07 53.98 54.88 40.82 54.24 49.33 46.59 35.02
35.65 50.19 46.87 48.29 35.41 48.12 42.81 40.90 30.50
Operating Profit 4.09 7.88 7.11 6.59 5.41 6.12 6.52 5.69 4.52
OPM % 10.29% 13.57% 13.17% 12.01% 13.25% 11.28% 13.22% 12.21% 12.91%
Other Income 0.28 -0.12 -0.08 1.01 0.54 0.27 0.42 0.64 0.25
Interest 0.70 1.73 1.18 1.97 1.06 1.18 1.22 0.82 0.80
Depreciation 1.21 1.65 1.39 1.90 1.66 1.72 1.74 1.77 1.60
Profit before tax 2.46 4.38 4.46 3.73 3.23 3.49 3.98 3.74 2.37
Tax % 38.21% 26.71% 13.90% 26.81% 28.79% 16.05% 12.06% 27.81% 9.70%
Net Profit 1.51 3.22 3.84 2.72 2.29 2.93 3.50 2.71 2.15
EPS in Rs 1.28 2.72 3.25 2.30 1.94 2.48 2.96 2.29 1.82
Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
27 30 46 55 68 96 112 117 119 161 207 191 185
26 28 43 50 61 86 100 103 107 145 181 167 162
Operating Profit 1 1 3 5 7 10 13 14 12 15 26 24 23
OPM % 5% 5% 6% 9% 10% 10% 11% 12% 10% 10% 12% 12% 12%
Other Income 0 0 0 0 0 0 1 1 1 0 1 2 2
Interest 1 1 1 1 2 3 4 3 3 3 6 4 4
Depreciation 0 0 1 1 1 2 3 3 4 4 6 7 7
Profit before tax 0 1 1 3 3 5 7 8 8 9 15 14 14
Tax % 33% 50% 37% 31% 33% 25% 29% 27% 30% 31% 25% 21%
Net Profit 0 0 1 2 2 4 5 6 5 6 11 11 11
EPS in Rs 1.81 1.77 3.95 10.46 10.75 18.99 24.35 6.88 4.50 5.21 9.55 9.66 9.55
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 16% 16%
Compounded Sales Growth
10 Years:20%
5 Years:11%
3 Years:17%
TTM:-11%
Compounded Profit Growth
10 Years:45%
5 Years:17%
3 Years:26%
TTM:-6%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:10%
1 Year:29%
Return on Equity
10 Years:20%
5 Years:18%
3 Years:18%
Last Year:18%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 2 2 2 2 2 2 9 12 12 12 12
Reserves 2 3 4 7 10 14 21 20 30 36 47 57
Borrowings 3 8 11 11 21 26 28 25 27 39 54 52
3 5 9 10 16 19 19 15 26 25 24 19
Total Liabilities 9 17 25 30 49 62 70 69 94 112 137 140
2 7 8 12 22 24 27 31 35 31 59 58
CWIP 0 1 3 2 0 0 3 0 1 16 2 14
Investments 0 0 0 0 0 0 0 0 0 0 0 0
8 10 14 17 26 38 40 38 58 65 75 68
Total Assets 9 17 25 30 49 62 70 69 94 112 137 140

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
4 3 2 2 8 9 2 7 10 27
-5 -3 -10 -4 -8 -3 -9 -15 -18 -17
1 -0 9 2 -0 -6 7 11 6 -10
Net Cash Flow 1 -0 -0 0 0 -0 0 2 -2 -0

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 14% 16% 22% 20% 21% 23% 22% 18% 16% 21% 16%
Debtor Days 47 45 44 51 57 63 49 45 48 52 63 35
Inventory Turnover 7.55 8.44 8.29 6.57 6.02 5.81 4.97 3.86 4.99 6.54 4.35

Shareholding Pattern

Numbers in percentages

Sep 2016 Mar 2017 Sep 2017 Mar 2018 Sep 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
52.15 52.15 52.18 52.18 52.20 53.34 53.47 53.47 56.05 57.74 58.04 58.44
47.85 47.85 47.82 47.82 47.80 46.66 46.53 46.53 43.95 42.26 41.96 41.56

Documents