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Last Updated: April 1, 2026, 4:53 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543843 | NSE: COMMAND

Command Polymers Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹15.09Overvalued by 34.39%vs CMP ₹23.00

P/E (38.5) × ROE (3.6%) × BV (₹13.20) × DY (2.00%)

₹12.48Overvalued by 45.74%vs CMP ₹23.00
MoS: -84.3% (Negative)Confidence: 63/100 (Moderate)Models: All 7: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹17.4630%Over (-24.1%)
Graham NumberEarnings₹13.3522%Over (-42%)
Net Asset ValueAssets₹13.1510%Over (-42.8%)
EV/EBITDAEnterprise₹1.1312%Over (-95.1%)
Earnings YieldEarnings₹6.0010%Over (-73.9%)
ROCE CapitalReturns₹15.8910%Over (-30.9%)
Revenue MultipleRevenue₹11.227%Over (-51.2%)
Consensus (7 models)₹12.48100%Overvalued
Key Drivers: ROE 3.6% is below cost of equity. | Wide model spread (₹1–₹17) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 15.7%

*Investments are subject to market risks

Investment Snapshot

31
Command Polymers Ltd scores 31/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health41/100 · Moderate
ROCE 4.7% WeakROE 3.6% WeakD/E 0.55 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 38.4% Stable
Earnings Quality30/100 · Weak
OPM contracting (7% → 2%) DecliningWorking capital: 128 days Capital intensive
Quarterly Momentum25/100 · Weak
Revenue (4Q): -45% YoY DecliningOPM: -124.1% (down 130.2% YoY) Margin pressure
Industry Rank10/100 · Weak
P/E 38.5 vs industry 19.2 Premium to peersROCE 4.7% vs industry 14.0% Below peersROE 3.6% vs industry 11.5% Below peers3Y sales CAGR: -18% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 1, 2026, 4:53 am

Market Cap 21.6 Cr.
Current Price 23.0
Intrinsic Value₹12.48
High / Low 34.4/23.0
Stock P/E38.5
Book Value 13.2
Dividend Yield0.00 %
ROCE4.73 %
ROE3.64 %
Face Value 10.0
PEG Ratio2.46

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Command Polymers Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Command Polymers Ltd 21.6 Cr. 23.0 34.4/23.038.5 13.20.00 %4.73 %3.64 % 10.0
Amco India Ltd 27.3 Cr. 66.5 107/60.244.1 91.60.00 %7.64 %5.44 % 10.0
Premier Polyfilm Ltd 642 Cr. 61.3 69.0/38.022.2 12.60.24 %29.9 %24.4 % 1.00
Bansal Roofing Products Ltd 162 Cr. 123 135/91.718.1 26.80.82 %22.4 %18.2 % 10.0
Duropack Ltd 25.7 Cr. 48.7 105/40.016.8 41.10.00 %10.3 %8.09 % 10.0
Industry Average488.67 Cr96.4819.2170.820.33%14.04%11.51%7.70

All Competitor Stocks of Command Polymers Ltd

Quarterly Result

MetricMar 2023Sep 2023Mar 2024Sep 2024Sep 2025
Sales 20.666.684.319.152.12
Expenses 19.396.205.588.404.75
Operating Profit 1.270.48-1.270.75-2.63
OPM % 6.15%7.19%-29.47%8.20%-124.06%
Other Income 0.080.000.010.020.00
Interest 0.420.280.420.310.31
Depreciation 0.260.290.420.390.38
Profit before tax 0.67-0.09-2.100.07-3.32
Tax % 28.36%644.44%19.05%114.29%0.00%
Net Profit 0.48-0.68-2.51-0.01-3.32
EPS in Rs 0.51-0.73-2.68-0.01-3.54

Last Updated: December 27, 2025, 11:33 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 15, 2025, 3:36 am

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales 1.2810.8916.3519.4723.0410.8410.54
Expenses 0.7210.2315.4318.0221.5611.549.51
Operating Profit 0.560.660.921.451.48-0.701.03
OPM % 43.75%6.06%5.63%7.45%6.42%-6.46%9.77%
Other Income 0.000.000.020.010.16-0.050.94
Interest 0.270.260.340.740.570.740.85
Depreciation 0.260.280.330.370.450.710.73
Profit before tax 0.030.120.270.350.62-2.200.39
Tax % 0.00%25.00%25.93%-8.57%30.65%-8.18%-43.59%
Net Profit 0.030.090.200.380.42-2.020.56
EPS in Rs 0.040.130.290.560.45-2.150.60
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)200.00%122.22%90.00%10.53%-580.95%127.72%
Change in YoY Net Profit Growth (%)0.00%-77.78%-32.22%-79.47%-591.48%708.68%

Command Polymers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Last Updated: September 5, 2025, 3:01 pm

Balance Sheet

Last Updated: December 4, 2025, 2:39 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6.846.846.846.849.389.389.389.38
Reserves 2.282.372.482.867.745.736.292.97
Borrowings 2.512.385.146.857.9210.7610.8416.54
Other Liabilities 6.644.818.072.341.561.390.590.58
Total Liabilities 18.2716.4022.5318.8926.6027.2627.1029.47
Fixed Assets 3.754.265.647.1012.6914.0213.7911.77
CWIP 0.000.000.000.000.180.490.000.00
Investments 4.784.783.780.000.000.000.001.69
Other Assets 9.747.3613.1111.7913.7312.7513.3116.01
Total Assets 18.2716.4022.5318.8926.6027.2627.1029.47

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.011.12-1.76-3.675.85-5.09-0.17
Cash from Investing Activity + -0.05-0.79-0.691.97-6.26-3.960.95
Cash from Financing Activity + 0.00-0.392.431.717.622.13-0.77
Net Cash Flow -0.03-0.05-0.030.017.21-6.920.01
Free Cash Flow -0.040.33-3.45-5.49-0.22-5.82-0.19
CFO/OP 4%171%-189%-252%401%710%-16%

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-1.95-1.72-4.22-5.40-6.44-11.46-9.81

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2,537.89131.39118.54110.4215.2126.9463.03
Inventory Days 189.8058.06140.7082.8363.30259.36327.82
Days Payable 4,504.10157.91167.6834.9313.2530.8114.39
Cash Conversion Cycle -1,776.4131.5491.57158.3265.26255.49376.45
Working Capital Days 268.0519.448.7156.990.79104.38128.13
ROCE %3.27%4.68%7.03%4.95%-5.50%4.73%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2022Mar 2023Sep 2023Mar 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 38.39%38.39%38.39%38.39%38.39%38.39%38.39%38.39%38.39%38.39%
Public 61.61%61.61%61.61%61.60%61.61%61.61%61.61%61.61%61.61%61.61%
No. of Shareholders 30318212389868891848580

Shareholding Pattern Chart

No. of Shareholders

Command Polymers Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.60-2.160.610.440.29
Diluted EPS (Rs.) 0.60-2.160.610.440.29
Cash EPS (Rs.) 1.38-1.390.930.970.76
Book Value[Excl.RevalReserv]/Share (Rs.) 16.7016.1118.2614.0613.62
Book Value[Incl.RevalReserv]/Share (Rs.) 16.7016.1118.2614.0613.62
Revenue From Operations / Share (Rs.) 11.2411.7224.5728.4523.88
PBDIT / Share (Rs.) 2.10-0.831.712.061.37
PBIT / Share (Rs.) 1.32-1.601.231.530.88
PBT / Share (Rs.) 0.41-2.350.650.510.39
Net Profit / Share (Rs.) 0.59-2.160.440.430.28
PBDIT Margin (%) 18.68-7.136.967.255.74
PBIT Margin (%) 11.71-13.625.005.383.72
PBT Margin (%) 3.65-20.002.661.791.66
Net Profit Margin (%) 5.30-18.391.821.541.20
Return on Networth / Equity (%) 3.57-13.382.463.112.10
Return on Capital Employeed (%) 6.47-7.875.4710.316.20
Return On Assets (%) 2.06-7.411.581.580.87
Long Term Debt / Equity (X) 0.200.230.190.000.00
Total Debt / Equity (X) 0.690.710.460.710.55
Asset Turnover Ratio (%) 0.380.401.010.940.83
Current Ratio (X) 1.561.442.471.351.33
Quick Ratio (X) 0.530.501.820.890.87
Inventory Turnover Ratio (X) 1.331.954.902.233.12
Interest Coverage Ratio (X) 2.32-1.122.982.032.78
Interest Coverage Ratio (Post Tax) (X) 1.66-1.881.781.431.58
Enterprise Value (Cr.) 45.4234.0525.990.000.00
EV / Net Operating Revenue (X) 4.313.101.130.000.00
EV / EBITDA (X) 23.05-43.4416.200.000.00
MarketCap / Net Operating Revenue (X) 3.362.171.100.000.00
Price / BV (X) 2.261.581.480.000.00
Price / Net Operating Revenue (X) 3.362.171.100.000.00
EarningsYield 0.01-0.080.010.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Command Polymers Ltd. is a Public Limited Listed company incorporated on 12/10/1998 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L19201WB1998PLC088098 and registration number is 088098. Currently company belongs to the Industry of Plastics - Sheets/Films. Company's Total Operating Revenue is Rs. 10.54 Cr. and Equity Capital is Rs. 9.38 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plastics - Sheets/FilmsMouza Malancha, J.L.No.87, P.O. Narayanpur, P.S Bhangar, 24 Parganas South Dist. West Bengal 743502Contact not found
Management
NamePosition Held
Mr. Vishnu Kumar AgarwalManaging Director
Mrs. Guddi GuptaExecutive Director
Mr. Purshotam AgrawalIndependent Director
Mrs. Shikha SinghalIndependent Director
Mrs. Rashi RathiIndependent Director

FAQ

What is the intrinsic value of Command Polymers Ltd and is it undervalued?

As of 13 April 2026, Command Polymers Ltd's intrinsic value is ₹12.48, which is 45.74% lower than the current market price of ₹23.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.64 %), book value (₹13.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Command Polymers Ltd?

Command Polymers Ltd is trading at ₹23.00 as of 13 April 2026, with a FY2026-2027 high of ₹34.4 and low of ₹23.0. The stock is currently near its 52-week low. Market cap stands at ₹21.6 Cr..

How does Command Polymers Ltd's P/E ratio compare to its industry?

Command Polymers Ltd has a P/E ratio of 38.5, which is above the industry average of 19.21. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Command Polymers Ltd financially healthy?

Key indicators for Command Polymers Ltd: ROCE of 4.73 % is on the lower side compared to the industry average of 14.04%; ROE of 3.64 % is below ideal levels (industry average: 11.51%). Dividend yield is 0.00 %.

Is Command Polymers Ltd profitable and how is the profit trend?

Command Polymers Ltd reported a net profit of ₹1 Cr in Mar 2025 on revenue of ₹11 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Command Polymers Ltd pay dividends?

Command Polymers Ltd has a dividend yield of 0.00 % at the current price of ₹23.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Command Polymers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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