Commercial Syn Bags Ltd

Commerl. Synbags Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Commercial Syn Bags Ltd

₹ 83.2 -5.79%
20 Dec - close price
comsyn.com BSE: 539986 NSE: COMSYN
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

Website BSE NSE
  • Market Cap ₹ 332 Cr.
  • Current Price ₹ 83.2
  • High / Low ₹ 112 / 53.0
  • Stock P/E 52.9
  • Book Value ₹ 32.9
  • Dividend Yield 0.00 %
  • ROCE 8.31 %
  • ROE 6.09 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.53 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 6.66% over past five years.
  • Company has a low return on equity of 10.3% over last 3 years.
  • Dividend payout has been low at 4.77% of profits over last 3 years
  • Debtor days have increased from 42.4 to 52.7 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

Sector: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
75.88 74.00 96.68 92.69 73.05 64.99 60.75 79.78 67.12 69.54 69.12 75.12 85.63
67.85 67.34 87.98 85.60 69.90 60.77 54.78 73.82 60.91 66.27 61.41 69.46 79.11
Operating Profit 8.03 6.66 8.70 7.09 3.15 4.22 5.97 5.96 6.21 3.27 7.71 5.66 6.52
OPM % 10.58% 9.00% 9.00% 7.65% 4.31% 6.49% 9.83% 7.47% 9.25% 4.70% 11.15% 7.53% 7.61%
0.63 1.53 1.49 0.80 0.49 0.97 0.47 0.26 0.55 0.89 1.50 0.51 0.28
Interest 1.90 1.57 1.26 1.20 1.24 1.44 1.46 1.44 1.86 1.48 2.03 2.14 1.92
Depreciation 2.02 2.09 2.08 2.03 2.06 2.02 2.25 2.20 2.38 2.45 2.62 2.68 2.36
Profit before tax 4.74 4.53 6.85 4.66 0.34 1.73 2.73 2.58 2.52 0.23 4.56 1.35 2.52
Tax % 8.23% 13.69% 20.29% 10.30% 88.24% 13.87% 13.19% 0.39% 29.37% 73.91% 37.72% 25.93% 4.76%
4.35 3.91 5.45 4.18 0.04 1.50 2.38 2.57 1.78 0.05 2.84 1.00 2.40
EPS in Rs 1.23 1.10 1.47 1.10 0.01 0.38 0.60 0.64 0.45 0.01 0.71 0.25 0.60
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
68 96 112 117 119 161 207 191 214 322 291 286 299
61 86 100 103 107 145 181 167 187 291 271 262 276
Operating Profit 7 10 13 14 12 15 26 24 26 30 20 23 23
OPM % 10% 10% 11% 12% 10% 10% 12% 12% 12% 9% 7% 8% 8%
0 0 1 1 1 0 1 2 -0 4 3 3 3
Interest 2 3 4 3 3 3 6 4 4 6 5 7 8
Depreciation 1 2 3 3 4 4 6 7 8 8 8 10 10
Profit before tax 3 5 7 8 8 9 15 14 15 21 9 10 9
Tax % 33% 25% 29% 27% 30% 31% 25% 21% 17% 13% 15% 27%
2 4 5 6 5 6 11 11 12 18 8 7 6
EPS in Rs 3.56 6.35 8.08 2.29 1.50 1.74 3.18 3.22 3.41 4.89 2.02 1.81 1.57
Dividend Payout % 0% 0% 0% 0% 0% 0% 16% 16% 20% 14% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 7%
3 Years: 10%
TTM: 10%
Compounded Profit Growth
10 Years: 7%
5 Years: -8%
3 Years: -15%
TTM: -24%
Stock Price CAGR
10 Years: %
5 Years: 42%
3 Years: 1%
1 Year: 16%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 10%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 2 2 9 12 12 12 12 12 12 40 40 40
Reserves 10 14 21 20 30 36 47 57 67 93 80 88 91
21 26 28 25 27 39 54 52 78 73 65 98 103
16 19 19 15 26 25 24 19 31 30 29 30 33
Total Liabilities 49 62 70 69 94 112 137 140 187 208 215 256 267
22 24 27 31 35 31 59 58 77 71 79 90 82
CWIP 0 0 3 0 1 16 2 14 0 0 13 0 0
Investments 0 0 0 0 0 0 0 0 0 0 -0 22 25
26 38 40 38 58 65 75 68 110 137 123 144 161
Total Assets 49 62 70 69 94 112 137 140 187 208 215 256 267

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 2 8 9 2 7 10 27 -1 4 36 4
-10 -4 -8 -3 -9 -15 -18 -17 -17 -3 -30 -29
9 2 -0 -6 7 11 6 -10 19 -3 -7 25
Net Cash Flow -0 0 0 -0 0 2 -2 -0 2 -2 -1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 57 63 49 45 48 52 63 35 36 40 35 53
Inventory Days 73 70 73 83 120 74 57 110 183 106 119 149
Days Payable 30 36 28 38 49 36 41 21 36 28 30 28
Cash Conversion Cycle 101 98 95 89 119 91 79 124 183 118 124 174
Working Capital Days 31 44 43 57 81 77 78 70 124 111 99 128
ROCE % 20% 21% 23% 22% 18% 16% 21% 16% 13% 16% 8% 8%

Shareholding Pattern

Numbers in percentages

7 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
61.15% 62.99% 61.46% 58.66% 58.66% 58.66% 58.66% 58.79% 58.79% 58.79% 58.79% 58.79%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.11% 0.00% 0.00%
38.85% 37.01% 38.54% 41.34% 41.33% 41.35% 41.34% 41.22% 41.22% 41.10% 41.21% 41.22%
No. of Shareholders 1,7342,9422,8032,5905,4274,7494,8754,9214,6984,7114,6715,735

* 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

Announcements

Annual reports

DRHP

Credit ratings

Concalls

  • Mar 2022
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