Command Polymers Ltd
₹ 24.0
-1.32%
09 Feb 2026
About
Incorporated in 1998, Command Polymers
Ltd is in the business of manufacturing of
Plastic goods[1]
Key Points
- Market Cap ₹ 22.5 Cr.
- Current Price ₹ 24.0
- High / Low ₹ 41.8 / 24.0
- Stock P/E 40.2
- Book Value ₹ 13.2
- Dividend Yield 0.00 %
- ROCE 4.73 %
- ROE 3.64 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -0.65% over past five years.
- Promoter holding is low: 38.4%
- Company has a low return on equity of -2.43% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.0.94 Cr.
- Debtor days have increased from 35.1 to 63.0 days.
- Working capital days have increased from 77.8 days to 128 days
* 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 1.28 | 10.89 | 16.35 | 19.47 | 23.04 | 10.84 | 10.54 | |
| 0.72 | 10.23 | 15.43 | 18.02 | 21.56 | 11.54 | 9.51 | |
| Operating Profit | 0.56 | 0.66 | 0.92 | 1.45 | 1.48 | -0.70 | 1.03 |
| OPM % | 43.75% | 6.06% | 5.63% | 7.45% | 6.42% | -6.46% | 9.77% |
| 0.00 | 0.00 | 0.02 | 0.01 | 0.16 | -0.05 | 0.94 | |
| Interest | 0.27 | 0.26 | 0.34 | 0.74 | 0.57 | 0.74 | 0.85 |
| Depreciation | 0.26 | 0.28 | 0.33 | 0.37 | 0.45 | 0.71 | 0.73 |
| Profit before tax | 0.03 | 0.12 | 0.27 | 0.35 | 0.62 | -2.20 | 0.39 |
| Tax % | 0.00% | 25.00% | 25.93% | -8.57% | 30.65% | -8.18% | -43.59% |
| 0.03 | 0.09 | 0.20 | 0.38 | 0.42 | -2.02 | 0.56 | |
| EPS in Rs | 0.04 | 0.13 | 0.29 | 0.56 | 0.45 | -2.15 | 0.60 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | -19% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 14% |
| TTM: | 129% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -45% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | -2% |
| Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.84 | 6.84 | 6.84 | 6.84 | 9.38 | 9.38 | 9.38 | 9.38 |
| Reserves | 2.28 | 2.37 | 2.48 | 2.86 | 7.74 | 5.73 | 6.29 | 2.97 |
| 2.51 | 2.38 | 5.14 | 6.85 | 7.92 | 10.76 | 10.84 | 16.54 | |
| 6.64 | 4.81 | 8.07 | 2.34 | 1.56 | 1.39 | 0.59 | 0.58 | |
| Total Liabilities | 18.27 | 16.40 | 22.53 | 18.89 | 26.60 | 27.26 | 27.10 | 29.47 |
| 3.75 | 4.26 | 5.64 | 7.10 | 12.69 | 14.02 | 13.79 | 11.77 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.18 | 0.49 | 0.00 | 0.00 |
| Investments | 4.78 | 4.78 | 3.78 | 0.00 | 0.00 | 0.00 | 0.00 | 1.69 |
| 9.74 | 7.36 | 13.11 | 11.79 | 13.73 | 12.75 | 13.31 | 16.01 | |
| Total Assets | 18.27 | 16.40 | 22.53 | 18.89 | 26.60 | 27.26 | 27.10 | 29.47 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 0.01 | 1.12 | -1.76 | -3.67 | 5.85 | -5.09 | -0.17 | |
| -0.05 | -0.79 | -0.69 | 1.97 | -6.26 | -3.96 | 0.95 | |
| 0.00 | -0.39 | 2.43 | 1.71 | 7.62 | 2.13 | -0.77 | |
| Net Cash Flow | -0.03 | -0.05 | -0.03 | 0.01 | 7.21 | -6.92 | 0.01 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 2,537.89 | 131.39 | 118.54 | 110.42 | 15.21 | 26.94 | 63.03 |
| Inventory Days | 189.80 | 58.06 | 140.70 | 82.83 | 63.30 | 259.36 | 327.82 |
| Days Payable | 4,504.10 | 157.91 | 167.68 | 34.93 | 13.25 | 30.81 | 14.39 |
| Cash Conversion Cycle | -1,776.41 | 31.54 | 91.57 | 158.32 | 65.26 | 255.49 | 376.45 |
| Working Capital Days | 268.05 | 19.44 | 8.71 | 56.99 | 0.79 | 104.38 | 128.13 |
| ROCE % | 3.27% | 4.68% | 7.03% | 4.95% | -5.50% | 4.73% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Trade Receivables Turnover Ratio Ratio |
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| Manufacturing Sales Value INR in '000 |
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| Trading Sales Value INR in '000 |
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| Number of Employees Count |
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Documents
Announcements
-
Statement Of Deviation Or Variation In Utilisation Of Funds Under Regulation 32 Of SEBI ( LODR ) Regulations, 2015.
11 Feb - No funds raised; Reg.32 deviation statement not applicable for quarter ended 31 Dec 2025.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jan - Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations , 2018.
-
Non - Applicability Of Regulation 23(9) Of SEBI (Listing Obligation And Disclosure Requirements) Regulation, 2015.
11 Nov 2025 - Command Polymers: Reg.23(9) RPT disclosures not applicable for H1 ended 30 Sep 2025 due to SME listing.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 11Th November, 2025.
11 Nov 2025 - H1 (30 Sep 2025) results approved: loss Rs331.67 lakh, revenue Rs212.19 lakh, borrowings increased to Rs1,151.08 lakh.
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Board Meeting Intimation for Meeting To Be Held On 11Th November, 2025.
4 Nov 2025 - Board meeting 11 Nov 2025 to approve unaudited H1 results and limited review for period ended 30 Sep 2025.
Business Overview:[1]
CPL is in the business of manufacturing, producing, buying, selling, exchange, work, alter, improve, import, export, and deal in all
types of plastic goods, boots, shoes, clogs, all kind of footwear, made with leather, plastic, rubber. Other products include, laces, buckles, leggings, boot polishes, purses, bags, boxes, belts, accessories, and fittings.