Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 539986 | NSE: COMSYN

Fundamental Analysis of Commercial Syn Bags Ltd

Basic Stock Data

Last Updated: May 22, 2024, 7:05 pm

Market Cap 276 Cr.
Current Price 69.2
High / Low112/50.6
Stock P/E39.3
Book Value 31.4
Dividend Yield0.00 %
ROCE8.19 %
ROE7.30 %
Face Value 10.0
PEG Ratio-3.48

Data Source: screener.in

Competitors of Commercial Syn Bags Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
XPRO India Ltd 2,146 Cr. 9741,298/70060.1 1660.21 %28.4 %26.6 % 10.0
Radha Madhav Corporation Ltd 18.3 Cr. 2.003.33/1.2014.8 0.130.00 %178 %% 10.0
Time Technoplast Ltd 6,490 Cr. 286300/84.723.0 1040.44 %13.1 %10.0 % 1.00
Safari Industries (India) Ltd 10,136 Cr. 2,0782,315/1,25057.6 1690.08 %31.2 %28.2 % 2.00
Uflex Ltd 3,159 Cr. 437500/37193.6 9990.69 %10.4 %8.26 % 10.0
Industry Average4,389.86 Cr755.4049.82287.630.28%52.22%14.61%6.60

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales61.6065.2375.3075.5273.7698.0192.3272.4064.8660.5879.4768.2671.07
Expenses55.8055.7267.3766.6567.1887.5084.6168.3459.8453.7872.8960.8467.07
Operating Profit5.809.517.938.876.5810.517.714.065.026.806.587.424.00
OPM %9.42%14.58%10.53%11.75%8.92%10.72%8.35%5.61%7.74%11.22%8.28%10.87%5.63%
Other Income0.44-0.610.290.391.281.230.530.310.650.140.270.560.24
Interest1.071.151.212.141.601.481.271.541.641.691.632.051.65
Depreciation2.122.352.222.392.322.522.372.382.312.562.632.712.79
Profit before tax3.055.404.794.733.947.744.600.451.722.692.593.22-0.20
Tax %17.70%27.04%5.85%9.73%13.20%21.19%11.52%77.78%11.63%11.52%1.93%27.02%-30.00%
Net Profit2.513.934.514.273.436.104.080.101.522.392.542.35-0.25
EPS in Rs0.711.111.271.200.971.641.070.020.380.600.640.59-0.06

Last Updated: May 10, 2024, 7:05 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 10, 2024, 7:05 am

MonthMar 2020Mar 2021Mar 2022Mar 2023TTM
Sales191213323290279
Expenses167187289266255
Operating Profit2426342425
OPM %12%12%10%8%9%
Other Income2-0421
Interest44767
Depreciation7891011
Profit before tax14152198
Tax %21%17%14%14%
Net Profit11121887
EPS in Rs3.223.374.922.021.77
Dividend Payout %0%20%14%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222022-2023
YoY Net Profit Growth (%)9.09%50.00%-55.56%
Change in YoY Net Profit Growth (%)0.00%40.91%-105.56%

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:15%
TTM:-15%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-10%
TTM:-40%
Stock Price CAGR
10 Years:%
5 Years:33%
3 Years:32%
1 Year:-9%
Return on Equity
10 Years:%
5 Years:%
3 Years:14%
Last Year:7%

Last Updated: May 17, 2024, 11:42 am

Balance Sheet

Last Updated: May 10, 2024, 7:05 am

MonthMar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1212124040
Reserves5767908185
Borrowings5286847682
Other Liabilities1932353029
Total Liabilities140197222226236
Fixed Assets58879499102
CWIP1400137
Investments00-0-02
Other Assets68109128115126
Total Assets140197222226236

Reserves and Borrowings Chart

Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 27-9638
Cash from Investing Activity -17-17-7-30
Cash from Financing Activity -1028-1-8
Net Cash Flow-02-2-1

Free Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-28.00-60.00-50.00-52.00

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 2020Mar 2021Mar 2022Mar 2023
Debtor Days35374035
Inventory Days110190115129
Days Payable21393034
Cash Conversion Cycle124187125130
Working Capital Days701199888
ROCE %13%16%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters61.15%61.15%61.15%62.99%61.46%58.66%58.66%58.66%58.66%58.79%58.79%58.79%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.11%
Public38.85%38.85%38.85%37.01%38.54%41.34%41.33%41.35%41.34%41.22%41.22%41.10%
No. of Shareholders1,1271,0841,7342,9422,8032,5905,4274,7494,8754,9214,6984,711

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.00
Basic EPS (Rs.)2.0215.4810.149.67
Diluted EPS (Rs.)2.0214.6410.149.67
Cash EPS (Rs.)4.4322.3816.6215.51
Book Value[Excl.RevalReserv]/Share (Rs.)30.1785.2266.5958.31
Book Value[Incl.RevalReserv]/Share (Rs.)30.1785.2266.5958.31
Revenue From Operations / Share (Rs.)72.63260.10180.85161.60
PBDIT / Share (Rs.)6.3130.0122.0821.69
PBIT / Share (Rs.)3.9022.3915.6015.85
PBT / Share (Rs.)2.3717.0912.2812.22
Net Profit / Share (Rs.)2.0214.7610.149.66
NP After MI And SOA / Share (Rs.)2.0214.7610.149.66
PBDIT Margin (%)8.6911.5312.2013.42
PBIT Margin (%)5.378.608.629.80
PBT Margin (%)3.256.566.787.56
Net Profit Margin (%)2.785.675.605.98
NP After MI And SOA Margin (%)2.785.675.605.98
Return on Networth / Equity (%)6.7017.3215.2216.57
Return on Capital Employeed (%)9.3619.1015.2118.55
Return On Assets (%)3.578.266.098.15
Long Term Debt / Equity (X)0.280.260.460.40
Total Debt / Equity (X)0.560.721.000.66
Asset Turnover Ratio (%)1.341.591.310.00
Current Ratio (X)1.671.561.351.59
Quick Ratio (X)0.690.780.600.81
Inventory Turnover Ratio (X)2.763.152.690.00
Dividend Payout Ratio (NP) (%)34.5812.9014.798.27
Dividend Payout Ratio (CP) (%)15.798.519.025.15
Earning Retention Ratio (%)65.4287.1085.2191.73
Cash Earning Retention Ratio (%)84.2191.4990.9894.85
Interest Coverage Ratio (X)4.115.666.645.98
Interest Coverage Ratio (Post Tax) (X)2.323.784.053.66
Enterprise Value (Cr.)403.66392.60201.9092.26
EV / Net Operating Revenue (X)1.391.220.940.48
EV / EBITDA (X)16.0010.557.743.60
MarketCap / Net Operating Revenue (X)1.170.990.600.26
Retention Ratios (%)65.4187.0985.2091.72
Price / BV (X)2.823.041.640.74
Price / Net Operating Revenue (X)1.170.990.600.26
EarningsYield0.020.050.090.22

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹91.89

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 32.78% compared to the current price ₹69.2

Intrinsic Value: ₹81.52

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 17.80% compared to the current price ₹69.2

Last 5 Year EPS CAGR: -11.28%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (76.00 cr) compared to borrowings (76.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (259.20 cr) and profit (13.40 cr) over the years.
  1. The stock has a low average ROCE of 9.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 93.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 141.50, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Commercial Syn Bags Ltd:
    1. Net Profit Margin: 2.78%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 9.36% (Industry Average ROCE: 52.22%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ✗ ROE%: 6.70% (Industry Average ROE: 14.61%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.32
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.69
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: 39.3 (Industry average Stock P/E: 49.82)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.56
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Commercial Syn Bags Ltd. is a Public Limited Listed company incorporated on 10/12/1984 and has its registered office in the State of Madhya Pradesh, India. Company’s Corporate Identification Number(CIN) is L25202MP1984PLC002669 and registration number is 002669. Currently company belongs to the Industry of Packaging & Containers. Company’s Total Operating Revenue is Rs. 321.59 Cr. and Equity Capital is Rs. 12.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & ContainersCommercial House, 3-4, Jaora Compound, Indore Madhya Pradesh 452001investors@comsyn.com
http://www.comsyn.com
Management
NamePosition Held
Mr. Anil ChoudharyChairman & Managing Director
Ms. Ranjana ChoudharyWhole Time Director
Mr. Virendra Singh PamechaWhole Time Director
Mr. Hitesh MehtaIndependent Director
Mr. Milind MahajanIndependent Director
Mr. Vijay Kumar BansalIndependent Director

FAQ

What is the latest fair value of Commercial Syn Bags Ltd?

The latest fair value of Commercial Syn Bags Ltd is ₹91.89.

What is the Market Cap of Commercial Syn Bags Ltd?

The Market Cap of Commercial Syn Bags Ltd is 276 Cr..

What is the current Stock Price of Commercial Syn Bags Ltd as on 22 May 2024?

The current stock price of Commercial Syn Bags Ltd as on 22 May 2024 is ₹69.2.

What is the High / Low of Commercial Syn Bags Ltd stocks in FY 2024?

In FY 2024, the High / Low of Commercial Syn Bags Ltd stocks is ₹112/50.6.

What is the Stock P/E of Commercial Syn Bags Ltd?

The Stock P/E of Commercial Syn Bags Ltd is 39.3.

What is the Book Value of Commercial Syn Bags Ltd?

The Book Value of Commercial Syn Bags Ltd is 31.4.

What is the Dividend Yield of Commercial Syn Bags Ltd?

The Dividend Yield of Commercial Syn Bags Ltd is 0.00 %.

What is the ROCE of Commercial Syn Bags Ltd?

The ROCE of Commercial Syn Bags Ltd is 8.19 %.

What is the ROE of Commercial Syn Bags Ltd?

The ROE of Commercial Syn Bags Ltd is 7.30 %.

What is the Face Value of Commercial Syn Bags Ltd?

The Face Value of Commercial Syn Bags Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Commercial Syn Bags 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