They have two core operations of manufacturing and marketing polymer-based products. In FY21, 67% of the company’s revenue was from manufacturing activities and 33% from trading actions.
They manufacture polymer-based products such as Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics, and other polymers, which have wide use cases in various sectors like food and beverage, pharmaceutical, industrial packaging industries, agricultural sector, etc.
They have a manufacturing unit in 24 Parganas (South), West Bengal.
Command Polymers IPO containing 2,532,000 shares worth Rs.7.09 crore will open for subscription on March 17, 2023. The price band for the fixed issue IPO is set at Rs.28 per share for a lot size of 4000 shares per lot.
Command Polymers Ltd. IPO Objective
- Repayment of certain loans
- Meet working capital requirement
- General corporate purposes
Should you invest in Command Polymers Ltd.?
These are the top reasons to consider investing in Command Polymers Ltd.
- Polymer-based products have wide-scale industrial use, which allows Command Polymers Limited to cater to multiple industry types.
- The company has a scalable business model, supported by a well-equipped manufacturing unit for smooth manufacturing and logistics.
- The company has experienced management and promoters.
Command Polymers Ltd. Noteworthy highlights
- The company recorded steady growth in their operating revenue and profit in the last three fiscals.
- Their income from the top 10 customers constitutes 94% of their revenue from operations.
As of March 31, 2022, the total installed capacity of their manufacturing unit was 15,120 kg.
IPO Financials
| Particulars | Year ending on March 31, 2022 (₹ Lakh) | Year ending on March 31, 2021 (₹ Lakh) |
|---|---|---|
| Revenue from Operations | 1,947.48 | 1,634.76 |
| Profit After Tax (PAT) | 30.02 | 19.64 |
| PAT Margin | 1.54 | 1.20 |
| EBITDA | 141.32 | 93.87 |
| EBITDA % | 7.26 | 5.74 |
| Current Asset | 1.178.92 | 1,688.51 |
| Current Liabilities | 872.89 | 1270.28 |
Know before investing
Strengths
3They operate with a scalable model that allows them to adjust to changing market preferences and possibilities of new markets.
Their product enables them to cater to multiple industry clients.
For the smooth functioning of operations, they have formed long-term relationships with suppliers and customers.
Risks
3There are some legal cases pending against the company’s MD which might impact their future profitability.
The industry is highly regulated and there are increasing environmental concerns which might impact their future revenue.
As on December 31, 2022, the company had a total debt of Rs.661.04 lakh.
