Command Polymers Ltd - Stock Valuation and Financial Performance

BSE: 543843 | NSE: | Plastic Products | Small Cap

Command Polymers Share Price

25.40 0.00 0.00%
as on 23-Apr'24 15:40

DeciZen - make an informed investing decision on Command Polymers

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Command Polymers stock performance -

mw4me loader
P/E Ratio (SA):
56.54
Market Cap:
23.8 Cr.
52-wk low:
25.4
52-wk high:
30.3

Is Command Polymers Ltd an attractive stock to invest in?

1. Is Command Polymers Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Command Polymers Ltd is a below average quality company.

2. Is Command Polymers Ltd undervalued or overvalued?

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

3. Is Command Polymers Ltd a good buy now?

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.

10 Year X-Ray of Command Polymers:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Command Polymers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 2.4%3.3%6.2%3.3%-
Value Creation
Index
-0.8-0.8-0.6-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10.916.419.52323
Sales YoY Gr.-50.1%19.1%18.3%-
Adj EPS 0.10.30.60.30.5
YoY Gr.-107.1%93.1%-41.1%-
BVPS (₹) 13.413.614.218.318.3
Adj Net
Profit
0.10.20.40.30
Cash Flow from Ops. 1.1-1.8-3.75.9-
Debt/CF from Ops. 2.1-2.9-1.91.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA28.4%18.3%
Adj EPS NANA33.1%-41.1%
BVPSNANA10.8%28.8%
Share Price - - - -5.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.142.32.5
Op. Profit
Mgn %
65.67.96.3NAN
Net Profit
Mgn %
0.91.221.41.8
Debt to
Equity
0.30.60.70.5-
Working Cap
Days
02282331450
Cash Conv.
Cycle
080102920

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 28.38%

Net Profit is growing at healthy rate in last 3 years 33.08%

Debt to equity has declined versus last 3 years average to 0.46

Return on Equity has declined versus last 3 years average to 2.50%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Command Polymers Ltd.

Standalone Consolidated
TTM EPS (₹) 0.5 -
TTM Sales (₹ Cr.) 23 -
BVPS (₹.) 18.3 -
Reserves (₹ Cr.) 8 -
P/BV 1.39 -
PE 56.54 -
From the Market
52 Week Low / High (₹) 25.40 / 30.30
All Time Low / High (₹) 25.40 / 30.30
Market Cap (₹ Cr.) 23.8
Equity (₹ Cr.) 9.4
Face Value (₹) 10
Industry PE 37.3

Management X-Ray of Command Polymers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Command Polymers

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales10.8916.3519.4723.04
Operating Expenses 10.2415.4317.9421.59
Manufacturing Costs0.200.650.840.58
Material Costs9.6714.3716.6520.36
Employee Cost 0.140.150.180.19
Other Costs 0.230.260.280.47
Operating Profit 0.660.921.531.45
Operating Profit Margin (%) 6.0%5.6%7.9%6.3%
Other Income 00.020.010.16
Interest 0.260.340.840.54
Depreciation 0.280.330.350.45
Exceptional Items 0000
Profit Before Tax 0.120.270.350.61
Tax 0.030.08-0.030.19
Profit After Tax 0.090.200.380.42
PAT Margin (%) 0.9%1.2%2.0%1.8%
Adjusted EPS (₹)0.10.30.60.5
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 9.219.329.7117.12
Share Capital 6.846.846.849.38
Reserves 2.372.482.867.74
Minority Interest0000
Debt2.395.146.857.92
Long Term Debt0003.41
Short Term Debt2.395.146.854.51
Trade Payables4.276.901.670.76
Others Liabilities 0.551.170.660.80
Total Liabilities 16.4122.5418.8926.60

Fixed Assets

Gross Block5.697.389.2015.23
Accumulated Depreciation1.421.742.092.53
Net Fixed Assets4.265.647.1012.69
CWIP 0000.18
Investments 4.783.7800
Inventories1.575.793.963.63
Trade Receivables3.925.315.890.96
Cash Equivalents 0.040.010.027.23
Others Assets1.832.011.931.92
Total Assets 16.4122.5418.8926.60

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1.12-1.76-3.675.85
PBT 0.120.270.350.61
Adjustment 0.540.580.370.83
Changes in Working Capital 0.47-2.6-4.374.49
Tax Paid -0.01-0.02-0.02-0.08
Cash Flow From Investing Activity -0.79-0.691.97-6.26
Capex -0.79-1.69-1.82-6.07
Net Investments 013.78-0.20
Others 0000
Cash Flow From Financing Activity -0.392.431.717.62
Net Proceeds from Shares 0007.09
Net Proceeds from Borrowing 0000
Interest Paid -0.26-0.340-0.54
Dividend Paid 0000
Others -0.132.761.711.07
Net Cash Flow -0.05-0.030.017.21
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.032.1243.14
ROCE (%)3.274.697.655.55
Asset Turnover Ratio0.660.840.941.01
PAT to CFO Conversion(x)12.44-8.8-9.6613.93
Working Capital Days
Receivable Days13110310554
Inventory Days53829160
Payable Days1611429422

Command Polymers Ltd Stock News

Command Polymers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Command Polymers on 23-Apr-2024 15:40 is ₹25.40.
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 23-Apr-2024 15:40 the market cap of Command Polymers stood at ₹23.82.
The latest P/E ratio of Command Polymers as of 23-Apr-2024 15:40 is 56.54.
The latest P/B ratio of Command Polymers as of 23-Apr-2024 15:40 is 1.39.
The 52-week high of Command Polymers is ₹30.30 and the 52-week low is ₹25.40.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Command Polymers is ₹23.04 ( Cr.) .

About Command Polymers Ltd

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

  • Polythene LF tube
  • Tarpoulin sheet
  • Polyester fabric

History and milestones

  • 1998: Incorporation of the command Polymers Limited.
  • 2011: Changed in the Management of the company from the Mr. Waqar Zafar; to the Mr. Vishnu Kumar Agarwal.
  • 2019: Discontinue manufacturing of Leno Bags.
  • 2019: Commencement of manufacturing of LF Tube.
  • 2020: Turnover of the company crossed Rs 10 crore.
  • 2021: Turnover of the company crossed Rs 15 crore.
  • 2022: Company purchased Blown Film Extrusion (3 Layers) with 373.75 HP rating of machine of around Rs 1.63 crore.
  • 2022: Company converted from Private Limited Company to Public Limited Company vide special resolution passed at General Meeting dated March 05, 2022.
  • 2022: Company purchased Plastic Extrusion Pant and Machinery - MULTIFOIL RECF-2360-75/2200 OHIBC-T 3L BFL ASSY around Rs 2.34 crore.
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