BSE: 543843 | NSE: | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Command Polymers Ltd is a below average quality company.
The key valuation ratios of Command Polymers Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Command Polymers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.3% | 4.7% | 7.7% | 5.6% | -5% | - |
| Value Creation Index ⓘ | -0.8 | -0.7 | -0.5 | -0.6 | -1.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 10.9 | 16.4 | 19.5 | 23 | 11 | 11 |
| Sales YoY Gr. | - | 50.1% | 19.1% | 18.3% | -52.3% | - |
| Adj EPS ⓘ | 0.1 | 0.3 | 0.6 | 0.3 | -2.1 | -2.2 |
| YoY Gr. | - | 107.1% | 93.1% | -41.1% | -739.4% | - |
| BVPS (₹) ⓘ | 13.4 | 13.6 | 14.2 | 18.3 | 16.1 | 16.1 |
| Adj Net Profit ⓘ | 0.1 | 0.2 | 0.4 | 0.3 | -2 | -2 |
| Cash Flow from Ops. ⓘ | 1.1 | -1.8 | -3.7 | 5.9 | -5.1 | - |
| Debt/CF from Ops. ⓘ | 2.1 | -2.9 | -1.9 | 1.4 | -2.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | -12.4% | -52.3% | ||||
| Adj EPS ⓘ | NA | NA | -293.8% | -739.4% | ||||
| BVPSⓘ | NA | NA | 5.8% | -11.8% | ||||
| Share Price | - | - | - | 13.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1 | 2.1 | 4 | 2.3 | -12.3 | -13.4 |
| Op. Profit Mgn % ⓘ | 6 | 5.6 | 7.9 | 6.3 | -4.6 | NAN |
| Net Profit Mgn % ⓘ | 0.9 | 1.2 | 2 | 1.4 | -18 | -18.4 |
| Debt to Equity ⓘ | 0.3 | 0.6 | 0.7 | 0.5 | 0.7 | - |
| Working Cap Days ⓘ | 0 | 228 | 233 | 145 | 311 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 80 | 102 | 92 | 200 | 0 |
Debt to equity has declined versus last 3 years average to 0.71
Return on Equity is Poor
Sales growth has been subdued in last 3 years -12.40%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -2.2 | - |
| TTM Sales (₹ Cr.) | 11 | - |
| BVPS (₹.) ⓘ | 16.1 | - |
| Reserves (₹ Cr.) ⓘ | 6 | - |
| P/BV ⓘ | 1.80 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 21.65 / 32.02 |
| All Time Low / High (₹) | 21.65 / 32.02 |
| Market Cap (₹ Cr.) | 27.1 |
| Equity (₹ Cr.) | 9.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 39.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 10.89 | 16.35 | 19.47 | 23.04 | 10.99 |
| Operating Expenses ⓘ | 10.24 | 15.43 | 17.94 | 21.59 | 11.55 |
| Manufacturing Costs | 0.20 | 0.65 | 0.84 | 0.58 | 0.01 |
| Material Costs | 9.67 | 14.37 | 16.65 | 20.36 | 10.78 |
| Employee Cost | 0.14 | 0.15 | 0.18 | 0.19 | 0.27 |
| Other Costs ⓘ | 0.23 | 0.26 | 0.28 | 0.47 | 0.49 |
| Operating Profit ⓘ | 0.66 | 0.92 | 1.53 | 1.45 | -0.56 |
| Operating Profit Margin (%) | 6.0% | 5.6% | 7.9% | 6.3% | -5.1% |
| Other Income ⓘ | 0 | 0.02 | 0.01 | 0.16 | 0.01 |
| Interest ⓘ | 0.26 | 0.34 | 0.84 | 0.54 | 0.94 |
| Depreciation ⓘ | 0.28 | 0.33 | 0.35 | 0.45 | 0.71 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.12 | 0.27 | 0.35 | 0.61 | -2.20 |
| Tax ⓘ | 0.03 | 0.08 | -0.03 | 0.19 | -0.18 |
| Profit After Tax | 0.09 | 0.20 | 0.38 | 0.42 | -2.02 |
| PAT Margin (%) | 0.9% | 1.2% | 2.0% | 1.8% | -18.4% |
| Adjusted EPS (₹) | 0.1 | 0.3 | 0.6 | 0.5 | -2.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 9.21 | 9.32 | 9.71 | 17.12 | 15.10 | |||||
| Share Capital ⓘ | 6.84 | 6.84 | 6.84 | 9.38 | 9.38 | |||||
| Reserves ⓘ | 2.37 | 2.48 | 2.86 | 7.74 | 5.73 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 2.39 | 5.14 | 6.85 | 7.92 | 9.78 | |||||
| Long Term Debt | 0 | 0 | 0 | 3.41 | 3.56 | |||||
| Short Term Debt | 2.39 | 5.14 | 6.85 | 4.51 | 6.22 | |||||
| Trade Payables | 4.27 | 6.90 | 1.67 | 0.76 | 0.91 | |||||
| Others Liabilities ⓘ | 0.55 | 1.17 | 0.66 | 0.80 | 1.46 | |||||
| Total Liabilities ⓘ | 16.41 | 22.54 | 18.89 | 26.60 | 27.26 | |||||
Fixed Assets | ||||||||||
| Gross Block | 5.69 | 7.38 | 9.20 | 15.23 | 15.52 | |||||
| Accumulated Depreciation | 1.42 | 1.74 | 2.09 | 2.53 | 3.19 | |||||
| Net Fixed Assetsⓘ | 4.26 | 5.64 | 7.10 | 12.69 | 12.33 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0.18 | 0.49 | |||||
| Investmentsⓘ | 4.78 | 3.78 | 0 | 0 | 1.69 | |||||
| Inventories | 1.57 | 5.79 | 3.96 | 3.63 | 7.66 | |||||
| Trade Receivables | 3.92 | 5.31 | 5.89 | 0.96 | 0.80 | |||||
| Cash Equivalents | 0.04 | 0.01 | 0.02 | 7.23 | 0.52 | |||||
| Others Assetsⓘ | 1.83 | 2.01 | 1.93 | 1.92 | 3.77 | |||||
| Total Assets ⓘ | 16.41 | 22.54 | 18.89 | 26.60 | 27.26 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1.12 | -1.76 | -3.67 | 5.85 | -5.09 |
| PBT ⓘ | 0.12 | 0.27 | 0.35 | 0.61 | -2.24 |
| Adjustment ⓘ | 0.54 | 0.58 | 0.37 | 0.83 | 1.53 |
| Changes in Working Capital ⓘ | 0.47 | -2.6 | -4.37 | 4.49 | -4.27 |
| Tax Paid ⓘ | -0.01 | -0.02 | -0.02 | -0.08 | -0.12 |
| Cash Flow From Investing Activity ⓘ | -0.79 | -0.69 | 1.97 | -6.26 | -3.96 |
| Capex | -0.79 | -1.69 | -1.82 | -6.07 | -0.73 |
| Net Investments | 0 | 1 | 3.78 | -0.20 | -1.70 |
| Others ⓘ | 0 | 0 | 0 | 0 | -1.54 |
| Cash Flow From Financing Activityⓘ | -0.39 | 2.43 | 1.71 | 7.62 | 2.13 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 7.09 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.26 | -0.34 | 0 | -0.54 | -0.70 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.13 | 2.76 | 1.71 | 1.07 | 2.83 |
| Net Cash Flow ⓘ | -0.05 | -0.03 | 0.01 | 7.21 | -6.92 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.03 | 2.12 | 4 | 3.14 | -12.55 | |||||
| ROCE (%) | 3.27 | 4.69 | 7.65 | 5.55 | -4.95 | |||||
| Asset Turnover Ratio | 0.66 | 0.84 | 0.94 | 1.01 | 0.41 | |||||
| PAT to CFO Conversion(x) | 12.44 | -8.8 | -9.66 | 13.93 | N/A | Working Capital Days | ||||
| Receivable Days | 131 | 103 | 105 | 54 | 29 | |||||
| Inventory Days | 53 | 82 | 91 | 60 | 187 | |||||
| Payable Days | 161 | 142 | 94 | 22 | 28 | |||||
Command Polymers was incorporated as Command Polymers Limited on October 12, 1998 under the Companies Act, 1956 with the Registrar of Companies, Kolkata. The status of the company was changed to public limited and the name of the company was changed to Command Polymers Limited vide Special Resolution dated March 05, 2022. The fresh certificate of incorporation consequent to conversion was issued on May 02, 2022 by the Registrar of Companies, Kolkata.
The company was originally incorporated and promoted by Zafar Family. As on March 31, 2011, they were holding the entire shareholding i.e 4, 44,700 equity shares capital of the company. They divested their entire shareholding in FY 2011-12. In November 2011, Mr. Vishnu Agarwal became the director in the company and starting managing its day-to-day affairs. Further on March 31, 2021, Mr. Vishnu Agarwal had indirectly acquired 52.60% of the company via his promoted companies namely Kundan Vinimay Private Limited, Sukhjit Consultants Limited, Sukhdhan Vinimay Private Limited and Ridhi Sidhi Advisory Private Limited.
The company is in the business of Marketing and Manufacturing Polymer based products primarily Polythene LF Tube, Tarpoulin sheets, Polyester Fabrics and other polymers. Its products has a wide variety of applications in several industries such as Industrial packaging industries, Food industry etc.
The company’s manufacturing facility is located at Mouza Malancha, J.L.No.87, P.O. Narayanpur, P.S Bhangar, District 24 Parganas (South), West Bengal and is well equipped with the required facilities including machinery, other handling equipment’s to facilitate smooth manufacturing process and easy logistics. It endeavors to maintain safety in its premises by adhering to key safety norms, established through its internal health and safety manual, accompanied by regular safety meetings.
Business area of the company
The company is in the business of marketing and manufacturing polymer based products primarily Polythene LF Tube, Tarpoulin sheets, Polyester Fabrics and other polymers.
Products of the company
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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