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Commercial Syn Bags Ltd Stock Analysis

Small Cap
Evaluated by 49 users | BSE: 539986 | NSE: |
Plastic Products
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 10.68%16.92%13.76%15.62%16.37%15.86%11.5%10.16%15.73%13.28%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 45.654.967.995.8112117119161207191
Y-o-Y Gr. Rt.-20.6%23.6%41.1%17.1%4.5%1.5%35.2%28.4%-7.6%
Adjusted EPS (Rs.) 0.9832.674.76.046.984.45.1110.0110.59
Y-o-Y Gr. Rt.-206.1%-11%76%28.5%15.6%-37%16.1%95.9%5.8%
Book Value per Share (Rs.) 8.311.5715.1119.8726.5133.4435.0540.5149.6258.31
Adjusted Net Profit 0.62.32.23.95.265.2611.812.5
Net Op. Cash Flow (Rs. Cr.) 42.31.31.18.59.32.37.21027.1
Debt to Cash Flow from Ops 2.74.9816.6924.983.332.6511.385.525.411.92
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Commercial Syn Bags Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 17.3%11.2%17.1%-7.6%
Adjusted EPS 30.3%11.9%34%5.8%
Book Value per Share 24.217.118.517.5
Share Price - - 25.1% 67.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 12.7231.8520.6827.1926.4823.2914.8113.5222.2119.61
Operating Profit Margin (%) 6.458.999.6510.1811.1911.829.939.3212.7813.26
Net Profit Margin (%) 1.44.093.184.074.655.144.373.755.726.55
Debt to Equity 1.961.31.721.591.240.850.640.820.920.76
Working Capital Days 878897101106107132124117130
Cash Conversion Cycle 38546062686672646479
Entity Percentage Holding
Promoters 59.42%
Non-Institutions 40.58%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

Data is not available for this company

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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