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Commercial Synbags

₹72.2 2.2 | 3.1%

Market Cap ₹288 Cr.

Stock P/E 41.0

P/B 2.3

Current Price ₹72.2

Book Value ₹ 31.3

Face Value 10

52W High ₹112

Dividend Yield 0%

52W Low ₹ 50.6

Commercial Synbags Research see more...

Overview Inc. Year: 1984Industry: Plastic Products

Commercial Syn Bags Ltd is an totally India-based organisation, which is engaged inside the manufacture of plastic articles for the packing of products (plastic luggage, sacks, bins, containers, instances, carboys and bottles). The Company's geographical segments encompass India and outside India. The Company is engaged in the enterprise of producing and export of packing containers and packaging materials. The Company is concerned in the production and supply of high density polyethylene (HDPE) or polypropylene (PP) woven sacks, flexible intermediate bulk container (FIBC), fabric and tarpaulin for domestic, in addition to export markets. Its product tarpaulin is bought below the brand call, TIGER TARPAULIN, and other variety of merchandise below the logo call, COMSYN. The Company's products consist of asbestos bag, box bag, lawn bag/waste bag, biaxially orientated polypropylene movie (BOPP) luggage, ground covers, spiral tubing and container luggage.

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Commercial Synbags Share Price

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Commercial Synbags Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 76 74 98 92 72 65 61 79 68 71
Other Income 0 1 1 1 0 1 0 0 1 0
Total Income 76 74 99 93 73 66 61 80 69 71
Total Expenditure 67 67 87 85 68 60 54 73 61 67
Operating Profit 9 8 12 8 4 6 7 7 8 4
Interest 2 2 1 1 2 2 2 2 2 2
Depreciation 2 2 3 2 2 2 3 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 4 8 5 0 2 3 3 3 -0
Provision for Tax 0 1 2 1 0 0 0 0 1 0
Profit After Tax 4 3 6 4 0 2 2 3 2 -0
Adjustments 0 0 0 0 -0 0 -0 0 -0 0
Profit After Adjustments 4 3 6 4 0 2 2 3 2 -0
Adjusted Earnings Per Share 1.2 1 1.6 1.1 0 0.4 0.6 0.6 0.6 -0.1

Commercial Synbags Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 191 214 323 290 279
Other Income 2 2 4 2 1
Total Income 193 215 327 292 281
Total Expenditure 167 189 289 267 255
Operating Profit 26 26 37 25 26
Interest 4 4 7 6 8
Depreciation 7 8 9 10 12
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 14 15 21 9 9
Provision for Tax 3 3 3 1 1
Profit After Tax 11 12 18 8 7
Adjustments 0 0 0 0 0
Profit After Adjustments 11 12 18 8 7
Adjusted Earnings Per Share 3.2 3.4 4.9 2 1.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -10% 15% 0% 0%
Operating Profit CAGR -32% -1% 0% 0%
PAT CAGR -56% -10% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -7% 33% 31% NA%
ROE Average 7% 15% 15% 15%
ROCE Average 8% 13% 13% 13%

Commercial Synbags Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 69 79 106 121
Minority's Interest 0 0 0 0
Borrowings 28 31 28 35
Other Non-Current Liabilities 4 11 12 12
Total Current Liabilities 39 76 76 59
Total Liabilities 140 197 222 226
Fixed Assets 58 87 94 99
Other Non-Current Assets 20 7 9 28
Total Current Assets 62 102 119 99
Total Assets 140 197 222 226

Commercial Synbags Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 2 1
Cash Flow from Operating Activities 27 -9 6 38
Cash Flow from Investing Activities -17 -17 -7 -30
Cash Flow from Financing Activities -10 28 -1 -8
Net Cash Inflow / Outflow -0 2 -2 -1
Closing Cash & Cash Equivalent 0 2 1 0

Commercial Synbags Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 3.22 3.38 4.92 2.02
CEPS(Rs) 5.17 5.54 7.46 4.43
DPS(Rs) 1.5 2 2.1 0
Book NAV/Share(Rs) 19.44 22.2 27.61 30.17
Core EBITDA Margin(%) 12.37 11.53 10.26 7.97
EBIT Margin(%) 9.8 8.72 8.61 5.38
Pre Tax Margin(%) 7.56 6.79 6.57 3.26
PAT Margin (%) 5.98 5.61 5.67 2.79
Cash Profit Margin (%) 9.59 9.19 8.6 6.1
ROA(%) 8.16 7.12 8.75 3.61
ROE(%) 16.58 16.24 20.18 7.24
ROCE(%) 15.48 13.3 16.26 8.41
Receivable days 35.21 33.96 32.25 39.82
Inventory Days 57.76 74.37 65.72 73.86
Payable days 21.3 29.28 26.28 34.11
PER(x) 4.48 10.76 17.55 42.06
Price/Book(x) 0.74 1.64 3.13 2.82
Dividend Yield(%) 3.46 1.83 0.81 0
EV/Net Sales(x) 0.52 0.95 1.22 1.39
EV/Core EBITDA(x) 3.85 7.74 10.55 16
Net Sales Growth(%) 0 11.92 50.96 -10.06
EBIT Growth(%) 0 -0.44 48.95 -43.82
PAT Growth(%) 0 4.91 52.78 -55.83
EPS Growth(%) 0 4.91 45.58 -58.86
Debt/Equity(x) 0.76 1.02 0.75 0.57
Current Ratio(x) 1.59 1.35 1.56 1.67
Quick Ratio(x) 0.81 0.6 0.78 0.69
Interest Cover(x) 4.37 4.51 4.22 2.54
Total Debt/Mcap(x) 1.02 0.63 0.24 0.2

Commercial Synbags Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 61.15 62.99 61.46 58.66 58.66 58.66 58.66 58.79 58.79 58.79
FII 0 0 0 0 0 0 0 0 0 0.11
DII 0 0 0 0 0 0 0 0 0 0
Public 38.85 37.01 38.54 41.34 41.34 41.34 41.34 41.21 41.21 41.1
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

Cons

  • Debtor days have increased from 26.28 to 34.11days.

* 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.

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