i C M=iYN Manulacturer & Erporbr of FIBC, PP hbric, lfoyen Sacks & Tarpaulin Date: 23'u SePtember, 2079 COMSYN/BSE/20I9-20 Online Filin g at: I isting,bs-ein-dia.com To, The General Manager, DCS-CRD BSE Limited PhirozeJeejeebhoY Towers Dalal Street Mumbai- 400001(MH) BSE Scrip ID: COMSYN BSE Scrip Code: 539986 Subject: Submission of 'Qi-n.y. 20 Earnings Presentation pursuant to Regulation 30(tl) read with part A of Schedule III of the SEBI (LODR) Regulations, 2015 as amended from time to time. Dear Sir/Madam, pursuant to Regulation 30(4) read with Part A of SchedLrle lll of the SEBI (LODR) Regulations, 201 5 as amended from time to time, please find enclosed herewith ,Cimmercial Syn Bags Limited- Q1-F.Y.20 Earnings Presentation' A copy of aforesaid Investor Presentation is also hosted on the website of company www.comsvn.coln. You are requested to please take on record the above said document for your reference and fuflher needful. 'Ihanking You, Yours FaithfullY, COMPANY SECRETARY COMPLIANCE OFFICER Encl. As above Eommercial Sgn Bags Limited Fomuly known as (Connercial Synbags ltd) CIN : 125202MP1 984P1-C00266S Registered 0ffice: Commercial House, 34, Jaora Compound, M.Y.H. Road, IND()RE'452 001, M.P. lN0lA Ph. +g1.731.27cp;007,4279525 Fax: +91.731-270/.130 E-mail : maih@c0msyn.com, Visit at: www.comsyn.com Itlorks: Plot No.'3.413, Ssctor 1, Pithampur Distt. Dhar M.P. INDIA Ph. +91'7292'415151
COMMERCIAL SYN BAGS LIMITED Q1 1 - FY FY20 Earn arnings Presentation
EXECUTIVE SUMMARY Manufacturing Company Overview Revenue Mix Financia Fin ial l Hig Highlights and Distribution Network (FY19) (FY • • • Commercial Syn Bags Limited FIBC (Flexible Intermediate Bulk The company’s manufacturing units (COMSYN), one of the oldest players Container) constitutes 77% of the are located at Pithampur near in the packaging industry, revenue and is mainly used for bulk Indore, India. INR 2,067 Mn manufactures bulk flexible packaging in chemicals, agriculture, TOTAL • The company produces 5 – 6 Mn Big YoY 28.4% packaging products and industrial food, cement, construction Bags annually. REVENUE 5 Year CAGR traps and covers. industries, etc. 16.6% • The company have a strong clientele • • It mainly caters to the B2B segment Other products include Tarpaulin, across all the 6 continents. and its products cater to various BOPP Bags, Woven Sacks/Bags, PP industries like bulk packaging, Fabric, Garden Bags, Waste Bags, INR 254 Mn agriculture, chemical, cement, food, Box Bag, Ground covers, Pond Liners, construction, etc. Mulch Films and Spiral Tubing. YoY 69.3% ₹ EBITDA 5 Year CAGR • The company offers a huge product 20.5% portfolio and a wide range within each product category to best suit their client needs. INR 112 Mn MTPA YoY 80.6% EXPORTS TO EMPLOYEES ₹ PAT 5 Year CAGR 22.9% TARPAULIN Over 25 countries 17,000 Over 1,900 2
Q1 - FY20 HIGHLIGHTS
Key Financial & Operational Highlights Q1 Q1-FY20 Operational Per erformance: Q1 Q1-FY FY20 Fina Financial Per erfor ormance: • The Total revenue for Q1-FY20 grew comparatively less due to • Ope perational Inc ncome: INR 4 08 Mn YoY Growth 2.8% labour absenteeism in the festival season month of April 2019 and May 2019. • EBITDA: INR 55 Mn YoY Growth 37.5% EBI • EBITDA margins increased primarily due to higher operational efficiency due to start of our SEZ unit. • EBITDA Mar EBI argin: 13.48% YoY Growth 340 bps • There is an increase in depreciation in Q1-FY20, due to the commencement of the SEZ unit. The term loan and working capital • Net Profit: INR 23 Mn YoY Growth 53.3% taken for the SEZ unit also lead to increase in finance cost. • • The company has added more number of customers in US and PAT Mar argin: : 5.64% YoY Growth 186 bps Canada. • Diluted EP Dil EPS : INR 1.94 • The outlook for the financial year looks very positive and the company expects the growth to revive on all financial parameters.
Q1-FY20 INCOME STATEMENT PAR ARTICULARS (I (INR R Mn) n) Q1 Q1-FY20 Q1-FY19 Q1 Y-o-Y Q4 Q4-FY19 Q-o-Q Ope perational Revenue 408 408 397 397 2.8% 2.8% 549 549 (25 (25.7 .7)% )% Total Expenses 353 357 (1.1)% 487 (27.5)% EBI EBITDA 55 55 40 40 37 37.5% .5% 62 62 (11 (11.3 .3)% )% EBI EBITDA Mar argi gins s (% (%) 13 13.48 .48% 10 10.08 .08% 34 340 0 bp bps 11 11.29 .29% 21 219 9 bp bps Other Income 5 3 66.7% 10 (50.0)% Depreciation 17 12 41.7% 19 (10.5)% Finance Cost 11 7 57.1% 20 (45.0)% PBT 32 32 24 24 33 33.3% .3% 33 33 (3.0)% (3.0)% Tax 9 9 NA 9 NA PAT 23 23 15 15 53.3% .3% 24 24 (4 (4.2)% .2)% PAT Marg argins s (% (%) 5.64 5.64% 3.78% 3.78 18 186 6 bp bps 4.37 4.37% 12 127 7 bp bps Diluted EPS (INR) 1.94 1.28 51.6% 2.05 (5.4)% 5
INCOME STATEMENT PAR ARTICULARS (I (INR R Mn) n) FY15 FY15 FY16 FY16 FY17 FY17 FY18 FY18 FY19 FY19 Q1 Q1-FY20 Ope perational Revenue 1,17 ,172 1,122 1,12 1,19 1,190 1,61 1,610 2,06 2,067 408 408 Total Expenses 996 1,034 1,073 1,460 1,814 353 EBI EBITDA 126 126 138 138 117 117 150 150 253 253 55 55 EBITDA Mar EBI argi gins s (% (%) 11 11.23 .23% 11 11.77 .77% 9.83% 9.83 9.32 9.32% 12 12.24 .24% 13 13.48 .48% Other Income 9 6 20 6 11 5 Depreciation 26 31 36 40 62 17 Finance Cost 35 32 25 26 56 11 PBT 74 74 81 81 76 76 90 90 146 146 32 32 Tax 21 22 23 28 36 9 PAT 53 53 59 59 53 53 62 62 110 110 23 23 PAT Marg argins s (% (%) 4.72 4.72% 5.03 5.03% 4.45 4.45% 3.84 3.84% 5.32 5.32% 5.64 5.64% Other Comprehensive Income - - - - 2 - Tot otal Comprehensi sive Inc ncome 53 53 59 59 53 53 62 62 112 112 23 23 Diluted EPS (INR) 6.15 6.87 4.87 5.21 9.30 1.94 6
BALANCE SHEET PAR ARTICULARS (I (INR R Mn) n) FY18 FY18 FY19 FY19 PAR ARTICULARS (I (INR R Mn) n) FY18 FY18 FY19 FY19 EQU QUITIES & LI LIABILITIES ASSE ASSETS Shareholder Funds Non on-current Ass Assets (A) Share Capital 118 118 (A) Fixed Assets (B) Reserves & Surplus 361 468 (i) Tangible assets 315 585 (C) Share application money pending allotment - - (ii) Capital work-in-progress 157 17 Non on-current Lia Liabilities (B) Long-term loans and advances 12 11 (A) Long-term Borrowings 148 206 (B) Deferred Tax Liabilities (Net) 29 31 (C) Long-term provisions - - Current Ass Assets Current Liab Liabilities (A) Inventories 205 192 (A) Short term Borrowings 222 287 (B) Trade Receivables 231 360 (B) Trade Payables 98 139 (C) Cash & Cash Equivalents 54 34 (C) Other Current Liabilities 130 94 (D) Short-term loans & advances 142 156 (D) Short-term provisions 13 14 (E) Other Current Assets 3 2 GRAN RAND TOTAL - EQUI QUITIES & LI LIAB ABILITES 1,11 1,119 1,35 1,357 GRAN RAND TOTAL – ASSE ASSETS 1,11 1,119 1,35 1,357 7
GROWTH IN NUMBERS PAT (INR MN) & PAT MARGIN (%) DEBT TO EQUITY (x) REVENUE (INR MN) & EBITDA MARGIN (%) 5.42% 1.2 12.29% 2500 11.77% 14.00% 120 5.03% 6.00% 11.23% 4.72% 4.45% 1.0 9.83% 12.00% 100 9.32% 5.00% 2000 3.84% 2,067 0.8 10.00% 80 4.00% 1500 1,610 8.00% 0.6 60 3.00% 6.00% 1000 1,190 1,172 0.4 1,122 40 2.00% 4.00% 0.2 500 20 1.00% 1.1 0.7 0.6 0.8 0.8 53 59 53 62 112 2.00% 0.0 - 0.00% 0 0.00% FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 Debt to Equity Revenue EBITDA Margin PAT (INR Mn) PAT Margin (%) WORKING CAPITAL CYCLE BOOK VALUE PER SHARE (INR) NET WORTH (INR Mn) AND EPS (INR) 9.30 120 104 700 10 120.0 91 9 89 87 600 100 6.87 100.0 5.21 8 76 6.15 103 500 4.87 7 80 80.0 6 400 79 77 5 60 60.0 300 67 4 60 3 40 200 40.0 2 100 229 288 414 479 586 20 20.0 1 106.0 33.4 35.0 40.5 49.6 - 0 - 0.0 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 Working Capital Days Inventory Days Net Worth (INR Mn) EPS Book Value per Share 8
CAPITAL MARKET INFORMATION Share Price Data as on 30th June, 2019 60% 40% 20% 0% -20% -40% Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 COMSYN SENSEX Share Holding Pattern as on 30th June, 2019 Pric ice Da Data as as on on 30 30th th June, 2019 2019 INR Fac ace Vau aue 10.00 Promoters CMP 52.75 53.47% 52 52 Week H/L 67.05/ 30.15 Mar arket Cap ap (I (INR Mn Mn) 623.4 Public No. of No of Shar Share ou outstanding (Mn Mn) 11.8 46.53% 1 Year ear Avg. Trading Vol olume (' ('000 000) 8.14 9
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