Is Commercial Syn Bags a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Commercial Syn Bags Ltd is a average quality company .

Is Commercial Syn Bags undervalued or overvalued?

The key valuation ratios of Commercial Syn Bags Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Commercial Syn Bags share price return in the past 10 years?

Data is not available for this company

Is Commercial Syn Bags a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Commercial Syn Bags Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Commercial Syn Bags Ltd - Stock Valuation and Financial Performance

Name: Commercial Syn Bags
Brand: Commercial Syn Bags

BSE: 539986 | NSE: COMSYN | Plastic Products | Small Cap

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Commercial Synbags Share Price

₹73.01 5.51 8.16%
as on 14-Nov'24 16:59

10 Year X-Ray of Commercial Synbags:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	23.2%	21.8%	16.7%	15%	20.6%	16%	13.3%	16%	8.2%	8.2%	-
Value Creation Index ⓘ	0.7	0.6	0.2	0.1	0.5	0.2	-0.1	0.2	-0.4	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	112	117	119	161	207	191	214	322	291	285	281
Sales YoY Gr.	-	4.5%	1.5%	35.2%	28.4%	-7.6%	12%	50.4%	-9.4%	-2%	-
Adj EPS ⓘ	2	2.3	1.5	1.7	3.3	3.5	3.4	4.8	2.2	1.6	1.4
YoY Gr.	-	15.9%	-36.9%	15.7%	96.5%	5.7%	-5.1%	43.6%	-53.6%	-28.7%	-
BVPS (₹) ⓘ	8.8	11.2	11.7	13.5	16.5	19.4	22.2	27.6	30.1	32	32.3
Adj Net Profit ⓘ	5.2	6	5.2	6	11.8	12.5	11.9	17.9	8.9	6.3	6
Cash Flow from Ops. ⓘ	8.5	9.3	2.3	7.2	10	27.1	-0.9	3.6	36.3	4.4	-
Debt/CF from Ops. ⓘ	3.3	2.7	11.4	5.5	5.4	1.9	-85.8	19.8	1.8	21.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.9%	6.7%	10.1%	-2%
Adj EPS ⓘ	-2.6%	-13.8%	-22%	-28.7%
BVPSⓘ	15.4%	14.1%	12.9%	6.3%
Share Price	-	34.5%	0.2%	-4.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	26.5	23.3	14.8	13.5	22.2	19.6	16.1	19.4	7.9	5.1	4.4
Op. Profit Mgn % ⓘ	11.2	11.8	9.9	9.3	12.8	13.3	12	9.3	7.3	7.6	8.1
Net Profit Mgn % ⓘ	4.7	5.1	4.4	3.8	5.7	6.6	5.6	5.6	3.1	2.2	2
Debt to Equity ⓘ	1.2	0.9	0.6	0.8	0.9	0.8	1	0.7	0.5	0.8	-
Working Cap Days ⓘ	106	107	132	124	118	130	143	134	156	165	81
Cash Conv. Cycle ⓘ	68	66	72	64	64	79	92	79	90	104	30

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.11%

Debt to equity has declined versus last 3 years average to 0.75

Return on Equity has declined versus last 3 years average to 4.40%

Net Profit has been subdued in last 3 years -22.00%

Sales growth is not so good in last 4 quarters at 1.70%

Latest Financials - Commercial Syn Bags Ltd.

	Standalone	Consolidated
TTM EPS (₹)	1.4	1.8
TTM Sales (₹ Cr.)	281	286
BVPS (₹.) ⓘ	32.3	32.7
Reserves (₹ Cr.) ⓘ	89	91
P/BV ⓘ	2.26	2.23
PE ⓘ	51.35	40.24

From the Market
52 Week Low / High (₹)	53.10 / 112.00
All Time Low / High (₹)	9.60 / 154.40
Market Cap (₹ Cr.)	292
Equity (₹ Cr.)	40
Face Value (₹)	10
Industry PE ⓘ	39.5

Management X-Ray of Commercial Synbags:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Commercial Synbags

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Commercial Synbags

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	112	117	119	161	207	191	214	322	291	285
Operating Expenses ⓘ	100	103	108	146	181	167	188	292	271	264
Manufacturing Costs	12	13	14	15	22	19	23	25	27	29
Material Costs	71	69	67	100	123	100	110	192	170	164
Employee Cost	7	11	16	16	23	32	37	40	41	48
Other Costs ⓘ	9	11	11	15	13	17	19	35	32	23
Operating Profit ⓘ	13	14	11	15	26	24	26	30	20	21
Operating Profit Margin (%)	11.2%	11.7%	9.5%	9.0%	12.4%	12.4%	12.0%	9.3%	6.8%	7.5%
Other Income ⓘ	1	1	2	1	1	2	0	5	3	5
Interest ⓘ	4	3	3	3	6	4	4	6	5	7
Depreciation ⓘ	3	3	4	4	6	7	8	8	8	10
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	7	8	8	9	15	14	15	21	9	10
Tax ⓘ	2	2	2	3	4	3	3	3	1	3
Profit After Tax	5	6	5	6	11	11	12	18	8	7
PAT Margin (%)	4.7%	5.1%	4.5%	3.8%	5.5%	6.0%	5.7%	5.7%	2.8%	2.5%
Adjusted EPS (₹)	2.0	2.3	1.5	1.7	3.2	3.2	3.4	4.9	2.0	1.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	16%	20%	14%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	23	29	41	48	59	69	79	103	120	128
Share Capital ⓘ	2	9	12	12	12	12	12	12	40	40
Reserves ⓘ	21	20	30	36	47	57	67	90	80	88
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	25	22	25	37	50	46	70	64	53	84
Long Term Debt	8	8	5	15	21	28	27	24	32	29
Short Term Debt	17	14	19	22	29	18	42	40	20	55
Trade Payables	5	7	9	10	14	6	11	15	14	12
Others Liabilities ⓘ	18	12	19	20	14	20	28	28	27	32
Total Liabilities ⓘ	71	70	94	115	137	140	187	208	215	256
Fixed Assets
Gross Block	37	43	51	52	66	71	97	99	115	135
Accumulated Depreciation	10	13	16	20	6	13	20	28	36	46
Net Fixed Assetsⓘ	27	31	35	31	59	58	77	71	79	90
CWIP ⓘ	3	0	1	16	2	14	0	0	13	0
Investmentsⓘ	0	0	0	0	0	0	0	0	0	22
Inventories	14	16	22	20	19	30	55	56	56	67
Trade Receivables	15	14	15	23	36	18	21	35	28	41
Cash Equivalents	6	2	5	5	3	4	6	5	5	5
Others Assetsⓘ	6	7	16	19	17	15	27	41	35	32
Total Assets ⓘ	71	70	94	115	137	140	187	208	215	256

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	8	9	2	7	10	27	-1	4	36	4
PBT ⓘ	7	8	8	9	15	14	14	21	9	10
Adjustment ⓘ	6	5	6	7	11	10	10	12	12	14
Changes in Working Capital ⓘ	-3	-2	-10	-6	-12	7	-23	-26	17	-18
Tax Paid ⓘ	-2	-2	-2	-3	-4	-4	-3	-3	-3	-2
Cash Flow From Investing Activity ⓘ	-8	-3	-9	-15	-18	-17	-17	-3	-30	-29
Capex	-8	-4	-9	-16	-19	-17	-13	-5	-29	-6
Net Investments	0	0	0	0	0	0	0	0	0	-22
Others ⓘ	0	1	0	0	1	0	-3	2	-1	0
Cash Flow From Financing Activityⓘ	0	-6	7	11	6	-10	19	-3	-7	25
Net Proceeds from Shares ⓘ	1	0	8	0	0	0	0	8	9	0
Net Proceeds from Borrowing ⓘ	-2	0	-4	10	6	6	1	-3	8	-4
Interest Paid ⓘ	-4	-3	-3	-3	-5	-4	-4	-6	-5	-7
Dividend Paid ⓘ	0	0	0	0	0	-1	-2	-2	-3	0
Others ⓘ	4	-3	5	3	6	-11	24	1	-16	35
Net Cash Flow ⓘ	0	0	0	2	-2	0	2	-2	-1	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	26.69	22.93	15.13	13.8	21.2	17.91	16.36	20.05	7.26	5.84
ROCE (%)	23.24	21.77	16.68	14.97	20.59	16.03	13.34	16.04	8.19	8.18
Asset Turnover Ratio	1.75	1.74	1.52	1.62	1.64	1.38	1.31	1.62	1.38	1.21
PAT to CFO Conversion(x)	1.6	1.5	0.4	1.17	0.91	2.45	-0.08	0.22	4.5	0.57
Working Capital Days
Receivable Days	50	44	44	42	52	52	34	32	39	44
Inventory Days	41	45	55	46	35	47	73	63	70	78
Payable Days	32	33	44	34	35	36	28	24	31	29

Commercial Syn Bags Ltd Stock News

Commercial Syn Bags Ltd FAQs

What is the share price of Commercial Synbags?

Company share prices are keep on changing according to the market conditions. The closing price of Commercial Synbags on 14-Nov-2024 16:59 is ₹73.01.

What is the market cap of Commercial Synbags?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Nov-2024 16:59 the market cap of Commercial Synbags stood at ₹291.7.

What is the P/E ratio of Commercial Synbags?

The latest P/E ratio of Commercial Synbags as of 14-Nov-2024 16:59 is 51.35.

What is the P/B ratio of Commercial Synbags?

The latest P/B ratio of Commercial Synbags as of 14-Nov-2024 16:59 is 2.26.

What is the 52-week high and low of Commercial Synbags?

The 52-week high of Commercial Synbags is ₹112.0 and the 52-week low is ₹53.10.

What is the TTM revenue of Commercial Synbags?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Commercial Synbags is ₹280.9 ( Cr.) .

About Commercial Syn Bags Ltd

The company was originally incorporated on December 10, 1984 as a private limited company under the name and style of ‘Commercial Synbags Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh, Gwalior, Subsequently, the company was converted into a public limited company on May 21, 1993 and the name of the company was changed to ‘Commercial Syn-bags Limited’. The company further changed its name from ‘Commercial Syn-bags Limited’ to ‘Commercial Syn Bags Limited’ vide certificate dated May 18, 2016 issued by Registrar of Companies, Madhya Pradesh, Gwalior.

The manufacturing facilities of the company are divided into four units namely Unit - I, II and III (all located at Pithampur, Dhar, Madhya Pradesh) and Unit SEZ located at Special Economic Zone, Indore Phase - I, Pithampur, Dhar, Madhya Pradesh. Initially, the company commenced its business operations in Unit I by manufacturing Tarpaulin and PP woven sacks in the financial year 1985-86. Subsequently, the company made expansion and set up Unit II in the year 2011 and SEZ Unit in the year 2013. With the view to improve the quality of its products and better utilisation of the waste raw materials, the company in the year 2014, setup a new manufacturing facility at Unit III for refining the scrap granules generated from the manufacturing of different products.

The company’s Promoters, Mohanlal Chourlhary and Anil Choudhary have more than 30 years experience in field of manufacturing of plastic products and have fair knowledge of the products and industry in which the company operates. The company’s customer base is spread across the globe with presence in countries like United States of America, United Kingdom, Australia, Germany, Italy, Spain, New Zealand, etc.

Business area of the company

The company is an ISO 9001:2008 certified company engaged in the manufacturing and supply of High Density Polyethylene (HDPE) / Polypropylene (PP) woven sacks, Flexible Intermediate Bulk Container (MC), fabrics & Tarpaulin for domestic as well as export markets. Its product tarpaulin is sold under the brand name ‘TIGER TARPAULIN’ and other range of products under the brand name ‘COMSYN’. Both COMSYN and TIGER TARPAULIN are registered with the Registrar of Trademark. Further, the company has recently installed flexible packaging machines; Roto Gravure Printing machine, Solvent less/Solvent base combi machine, Slitting machines and Pouch machine which are used for printing, lamination and pouching on films. These printed pouches or rolls are then used as packaging materials in the packaging industry.