Commercial Syn Bags Ltd

Commercial Syn Bags Ltd

₹ 83.2 -1.42%
23 Feb - 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 332 Cr.
  • Current Price 83.2
  • High / Low 112 / 50.6
  • Stock P/E 47.2
  • Book Value 31.4
  • Dividend Yield 0.00 %
  • ROCE 8.19 %
  • ROE 7.30 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.65 times its book value
  • Company has a low return on equity of 13.9% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
61.60 65.23 75.30 75.52 73.76 98.01 92.32 72.40 64.86 60.58 79.47 68.26 71.07
55.80 55.72 67.37 66.65 67.18 87.50 84.61 68.34 59.84 53.78 72.89 60.84 67.07
Operating Profit 5.80 9.51 7.93 8.87 6.58 10.51 7.71 4.06 5.02 6.80 6.58 7.42 4.00
OPM % 9.42% 14.58% 10.53% 11.75% 8.92% 10.72% 8.35% 5.61% 7.74% 11.22% 8.28% 10.87% 5.63%
0.44 -0.61 0.29 0.39 1.28 1.23 0.53 0.31 0.65 0.14 0.27 0.56 0.24
Interest 1.07 1.15 1.21 2.14 1.60 1.48 1.27 1.54 1.64 1.69 1.63 2.05 1.65
Depreciation 2.12 2.35 2.22 2.39 2.32 2.52 2.37 2.38 2.31 2.56 2.63 2.71 2.79
Profit before tax 3.05 5.40 4.79 4.73 3.94 7.74 4.60 0.45 1.72 2.69 2.59 3.22 -0.20
Tax % 17.70% 27.04% 5.85% 9.73% 13.20% 21.19% 11.52% 77.78% 11.63% 11.52% 1.93% 27.02% -30.00%
2.51 3.93 4.51 4.27 3.43 6.10 4.08 0.10 1.52 2.39 2.54 2.35 -0.25
EPS in Rs 0.71 1.11 1.27 1.20 0.97 1.64 1.07 0.02 0.38 0.60 0.64 0.59 -0.06
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
191 213 323 290 279
167 187 289 266 255
Operating Profit 24 26 34 24 25
OPM % 12% 12% 10% 8% 9%
2 -0 4 2 1
Interest 4 4 7 6 7
Depreciation 7 8 9 10 11
Profit before tax 14 15 21 9 8
Tax % 21% 17% 14% 14%
11 12 18 8 7
EPS in Rs 3.22 3.37 4.92 2.02 1.77
Dividend Payout % 0% 20% 14% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 15%
TTM: -15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -10%
TTM: -40%
Stock Price CAGR
10 Years: %
5 Years: 43%
3 Years: 36%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 40 40
Reserves 57 67 90 81 85
52 86 84 76 82
19 32 35 30 29
Total Liabilities 140 197 222 226 236
58 87 94 99 102
CWIP 14 0 0 13 7
Investments 0 0 -0 -0 2
68 109 128 115 126
Total Assets 140 197 222 226 236

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
27 -9 6 38
-17 -17 -7 -30
-10 28 -1 -8
Net Cash Flow -0 2 -2 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 35 37 40 35
Inventory Days 110 190 115 129
Days Payable 21 39 30 34
Cash Conversion Cycle 124 187 125 130
Working Capital Days 70 119 98 88
ROCE % 13% 16% 8%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
61.15% 61.15% 61.15% 61.15% 62.99% 61.46% 58.66% 58.66% 58.66% 58.66% 58.79% 58.79%
38.85% 38.85% 38.85% 38.85% 37.01% 38.54% 41.34% 41.33% 41.35% 41.34% 41.22% 41.22%
No. of Shareholders 1,1221,1271,0841,7342,9422,8032,5905,4274,7494,8754,9214,698

Documents

Concalls