Commercial Syn Bags Ltd

Commercial Syn Bags Ltd

₹ 76.1 3.89%
26 Apr - close price
About

Incorporated in 1984, Commercial Syn Bags
Ltd manufactuers and exports containers and packaging materials[1]

Key Points

Business Overview:[1]
Company is an ISO certified manufacturer of FIBC, Bulk Bags, Poly-tarpaulin, woven sacks/bags, etc and is also having solar power project which is used for captive consumption

  • Market Cap 304 Cr.
  • Current Price 76.1
  • High / Low 112 / 50.6
  • Stock P/E 44.9
  • Book Value 31.2
  • Dividend Yield 0.00 %
  • ROCE 8.25 %
  • ROE 7.31 %
  • Face Value 10.0

Pros

Cons

  • Company has a low return on equity of 13.9% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 11.3% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
61.63 65.37 75.02 75.88 74.00 96.68 92.69 73.05 64.99 60.75 79.78 67.12 69.54
55.81 57.72 67.56 67.85 67.34 87.98 85.60 69.90 60.77 54.78 73.82 60.91 66.27
Operating Profit 5.82 7.65 7.46 8.03 6.66 8.70 7.09 3.15 4.22 5.97 5.96 6.21 3.27
OPM % 9.44% 11.70% 9.94% 10.58% 9.00% 9.00% 7.65% 4.31% 6.49% 9.83% 7.47% 9.25% 4.70%
0.44 0.88 0.39 0.63 1.53 1.49 0.80 0.49 0.97 0.47 0.26 0.55 0.89
Interest 1.07 0.84 1.05 1.90 1.57 1.26 1.20 1.24 1.44 1.46 1.44 1.86 1.48
Depreciation 2.12 2.22 2.02 2.02 2.09 2.08 2.03 2.06 2.02 2.25 2.20 2.38 2.45
Profit before tax 3.07 5.47 4.78 4.74 4.53 6.85 4.66 0.34 1.73 2.73 2.58 2.52 0.23
Tax % 17.59% 26.69% 6.49% 8.23% 13.69% 20.29% 10.30% 88.24% 13.87% 13.19% 0.39% 29.37% 73.91%
2.52 4.02 4.47 4.35 3.91 5.45 4.18 0.04 1.50 2.38 2.57 1.78 0.05
EPS in Rs 0.71 1.13 1.26 1.23 1.10 1.47 1.10 0.01 0.38 0.60 0.64 0.45 0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
55 68 96 112 117 119 161 207 191 214 322 291 277
50 61 86 100 103 107 145 181 167 187 291 271 256
Operating Profit 5 7 10 13 14 12 15 26 24 26 30 20 21
OPM % 9% 10% 10% 11% 12% 10% 10% 12% 12% 12% 9% 7% 8%
0 0 0 1 1 1 0 1 2 -0 4 3 2
Interest 1 2 3 4 3 3 3 6 4 4 6 5 6
Depreciation 1 1 2 3 3 4 4 6 7 8 8 8 9
Profit before tax 3 3 5 7 8 8 9 15 14 15 21 9 8
Tax % 31% 33% 25% 29% 27% 30% 31% 25% 21% 17% 13% 15%
2 2 4 5 6 5 6 11 11 12 18 8 7
EPS in Rs 3.50 3.56 6.35 8.08 2.29 1.50 1.74 3.18 3.22 3.41 4.89 2.02 1.70
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 16% 16% 20% 14% 0%
Compounded Sales Growth
10 Years: 16%
5 Years: 13%
3 Years: 15%
TTM: -15%
Compounded Profit Growth
10 Years: 14%
5 Years: 5%
3 Years: -10%
TTM: -39%
Stock Price CAGR
10 Years: %
5 Years: 41%
3 Years: 31%
1 Year: -7%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 14%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 2 2 2 9 12 12 12 12 12 12 40 40
Reserves 7 10 14 21 20 30 36 47 57 67 90 80 85
11 21 26 28 25 27 39 54 52 78 73 65 72
10 16 19 19 15 26 25 24 19 31 33 28 27
Total Liabilities 30 49 62 70 69 94 112 137 140 187 208 214 224
12 22 24 27 31 35 31 59 58 77 71 79 83
CWIP 2 0 0 3 0 1 16 2 14 0 0 13 7
Investments 0 0 0 0 0 0 0 0 0 0 0 -0 2
17 26 38 40 38 58 65 75 68 110 137 122 133
Total Assets 30 49 62 70 69 94 112 137 140 187 208 214 224

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3 2 2 8 9 2 7 10 27 -1 4 36
-3 -10 -4 -8 -3 -9 -15 -18 -17 -17 -3 -30
-0 9 2 -0 -6 7 11 6 -10 19 -3 -7
Net Cash Flow -0 -0 0 0 -0 0 2 -2 -0 2 -2 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 51 57 63 49 45 48 52 63 35 36 40 35
Inventory Days 45 73 70 73 83 120 74 57 110 183 106 119
Days Payable 24 30 36 28 38 49 36 41 21 36 28 30
Cash Conversion Cycle 72 101 98 95 89 119 91 79 124 183 118 124
Working Capital Days 22 31 44 43 57 81 77 78 70 124 111 99
ROCE % 22% 20% 21% 23% 22% 18% 16% 21% 16% 13% 16% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.15% 61.15% 61.15% 62.99% 61.46% 58.66% 58.66% 58.66% 58.66% 58.79% 58.79% 58.79%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.11%
38.85% 38.85% 38.85% 37.01% 38.54% 41.34% 41.33% 41.35% 41.34% 41.22% 41.22% 41.10%
No. of Shareholders 1,1271,0841,7342,9422,8032,5905,4274,7494,8754,9214,6984,711

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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