Commercial Syn Bags Ltd

Commercial Syn Bags Ltd

₹ 83.2 -5.79%
20 Dec - 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 / 53.0
  • Stock P/E 39.1
  • Book Value 33.6
  • Dividend Yield 0.00 %
  • ROCE 8.98 %
  • ROE 6.48 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.4% over last 3 years.
  • Dividend payout has been low at 4.74% of profits over last 3 years
  • Debtor days have increased from 43.0 to 53.7 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

Consolidated Figures in Rs. Crores / View Standalone

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
75.52 73.76 98.01 92.32 72.40 64.86 60.58 79.47 68.26 71.07 69.63 76.89 86.65
66.65 67.18 87.50 84.61 68.34 59.84 53.78 72.89 60.84 67.07 60.89 70.02 78.79
Operating Profit 8.87 6.58 10.51 7.71 4.06 5.02 6.80 6.58 7.42 4.00 8.74 6.87 7.86
OPM % 11.75% 8.92% 10.72% 8.35% 5.61% 7.74% 11.22% 8.28% 10.87% 5.63% 12.55% 8.93% 9.07%
0.39 1.28 1.23 0.53 0.31 0.65 0.14 0.27 0.56 0.24 2.27 0.85 0.80
Interest 2.14 1.60 1.48 1.27 1.54 1.64 1.69 1.63 2.05 1.65 3.08 2.33 2.10
Depreciation 2.39 2.32 2.52 2.37 2.38 2.31 2.56 2.63 2.71 2.79 2.81 3.00 2.67
Profit before tax 4.73 3.94 7.74 4.60 0.45 1.72 2.69 2.59 3.22 -0.20 5.12 2.39 3.89
Tax % 9.73% 13.20% 21.19% 11.52% 77.78% 11.63% 11.52% 1.93% 27.02% 30.00% 37.11% 19.67% 7.71%
4.27 3.43 6.10 4.08 0.10 1.52 2.39 2.54 2.35 -0.25 3.22 1.93 3.60
EPS in Rs 1.20 0.97 1.64 1.07 0.02 0.38 0.60 0.64 0.59 -0.06 0.81 0.48 0.90
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
191 213 323 290 288 304
167 187 289 266 261 277
Operating Profit 24 26 34 24 27 27
OPM % 12% 12% 10% 8% 9% 9%
2 -0 4 2 3 4
Interest 4 4 7 6 8 9
Depreciation 7 8 9 10 11 11
Profit before tax 14 15 21 9 11 11
Tax % 21% 17% 14% 14% 27%
11 12 18 8 8 8
EPS in Rs 3.22 3.37 4.92 2.02 1.97 2.13
Dividend Payout % 0% 20% 14% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 11%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -12%
TTM: -3%
Stock Price CAGR
10 Years: %
5 Years: 42%
3 Years: 1%
1 Year: 16%
Return on Equity
10 Years: %
5 Years: %
3 Years: 10%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12 12 12 40 40 40
Reserves 57 67 93 81 89 94
52 86 84 76 109 124
19 32 32 31 36 33
Total Liabilities 140 197 222 227 273 292
58 87 94 99 108 99
CWIP 14 0 0 13 0 2
Investments 0 0 -0 -0 22 26
68 109 128 116 143 165
Total Assets 140 197 222 227 273 292

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
27 -9 6 38 6
-17 -17 -7 -30 -29
-10 28 -1 -8 23
Net Cash Flow -0 2 -2 -1 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 35 37 40 35 54
Inventory Days 110 190 115 129 164
Days Payable 21 39 30 34 39
Cash Conversion Cycle 124 187 125 130 179
Working Capital Days 70 119 98 88 117
ROCE % 13% 16% 8% 9%

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

Concalls