MarketFriction

Commercial Syn Bags Ltd

NSE COMSYN · BSE 539986 · Packaging
₹262.40 -2.71%
NSE close2026-10-01
52 week range136.44 - 315.40
Market cap₹1,099 Cr.
P/E34.8
Price band 10% Delivery 54.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales67.1269.5469.1275.1285.6383.8497.0289.3897.4496.99100.18108.30
Expenses60.9166.2761.4169.4679.1175.8886.9979.2485.3785.6688.9293.76
Operating Profit6.213.277.715.666.527.9610.0310.1412.0711.3311.2614.54
OPM %9.25%4.70%11.15%7.53%7.61%9.49%10.34%11.34%12.39%11.68%11.24%13.43%
Other Income0.550.891.500.510.280.752.450.610.950.702.201.34
Interest1.861.482.032.141.922.542.162.262.012.052.141.84
Depreciation2.382.452.622.682.362.340.432.402.372.442.442.67
Profit before tax2.520.234.561.352.523.839.896.098.647.548.8811.37
Tax %29.37%73.91%37.72%25.93%4.76%14.62%27.00%17.08%1.16%17.11%19.93%14.78%
Net Profit1.780.052.841.002.403.277.235.068.546.257.119.68
EPS in Rs0.450.010.710.250.600.821.811.272.141.561.762.40
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales117119161207191214322291286341384403
Expenses103107145181167187291271262311339354
Operating Profit141215262426302023304549
OPM %12%10%10%12%12%12%9%7%8%9%12%12%
Other Income11012-0433445
Interest333644657988
Depreciation344678881081010
Profit before tax88915141521910183136
Tax %27%30%31%25%21%17%13%15%27%21%13%
Net Profit6561111121887142732
EPS in Rs2.291.501.743.183.223.414.892.021.813.486.687.86
Dividend Payout %0%0%0%16%16%20%14%0%0%12%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%12%10%13%
Compounded Profit Growth16%17%49%76%
Stock Price CAGR34%41%68%70%
Return on Equity14%12%12%17%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2912121212121240404040
Reserves21203036475767938088106133
Borrowings2825273954527873659895113
Other Liabilities191526252419313029304246
Total Liabilities706994112137140187208215256283333
Fixed Assets273135315958777179908384
CWIP301162140013009
Investments00000000-0222223
Other Assets403858657568110137123144178217
Total Assets706994112137140187208215256283333
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity89271027-14364832
Cash from Investing Activity-8-3-9-15-18-17-17-3-30-291-44
Cash from Financing Activity-0-67116-1019-3-725-810
Net Cash Flow0-002-2-02-2-101-1
Free Cash Flow05-7-9-910-1427-2712
CFO/OP82%82%32%62%53%130%7%23%195%27%32%85%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days494548526335364035534662
Inventory Days73831207457110183106119149155141
Days Payable283849364121362830283638
Cash Conversion Cycle95891199179124183118124174166165
Working Capital Days-131422272735405760425234
ROCE %23%22%18%16%21%16%13%16%8%8%11%15%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters58.79%58.79%58.79%58.79%58.79%58.79%58.79%58.79%58.79%59.18%59.18%60.75%
FIIs0.00%0.11%0.00%0.00%0.00%0.00%0.24%0.11%0.00%0.17%0.00%1.60%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.09%0.06%0.05%
Public41.22%41.10%41.21%41.22%41.22%41.21%40.96%41.10%41.21%40.56%40.77%37.59%
No. of Shareholders4,6984,7114,6715,7355,8645,2404,8106,0155,0075,8325,3785,715

Fundamentals

Market Cap₹ 1,099 Cr.
Current Price₹ 262
Stock P/E34.8
Book Value₹ 43.1
ROCE15.0 %
ROE16.9 %
Dividend Yield0.19 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)76%
Standalone figures.
Valuation
Market capRs 1,101 Cr
Enterprise valueRs 1,209 Cr
P/E (TTM)34.87x
Price to book6.33x
Price to sales2.73x
EV / EBITDA22.22x
EV / EBIT27.18x
EV / sales3.00x
Price to cash flow33.89x
Earnings yield2.87%
P/E, 3-year average28.21x
P/B, 3-year average2.02x
P/E, 5-year average26.09x
P/B, 5-year average1.97x
Profitability
Operating margin (excl. other income)11.67%
Operating margin (incl. other income)12.83%
EBITDA margin13.50%
Pre-tax margin9.04%
Net profit margin7.84%
Net margin, latest quarter8.94%
ROE16.86%
ROCE15.01%
ROA8.75%
ROE, 3-year average10.95%
ROCE, 3-year average11.47%
ROA, 3-year average5.66%
ROE, 5-year average11.95%
ROCE, 5-year average11.70%
ROA, 5-year average6.00%
ROIC (approx.)13.69%
Tax rate13.45%
Other income / net worth2.57%
Growth
Sales growth (latest year)12.52%
Profit growth (latest year)93.96%
Sales CAGR, 3 years9.67%
Sales CAGR, 5 years12.45%
Profit CAGR, 3 years49.37%
Profit CAGR, 5 years17.40%
Sales growth QoQ8.11%
Profit growth QoQ36.15%
Sales growth YoY (latest quarter)21.17%
Profit growth YoY (latest quarter)91.30%
Per share
EPS (TTM)Rs 7.52
EPS (latest quarter)Rs 2.31
EPS, 3-year averageRs 2.65
EPS, 5-year averageRs 5.49
Book value per shareRs 41.42
Sales per shareRs 96.01
Cash flow per shareRs 7.74
Free cash flow per shareRs 2.86
Dividend per share, 3-year averageRs 0.40
Dividend per share, 5-year averageRs 1.25
Dividends
Dividend payout, 3-year average11.51%
Dividend payout, 5-year average12.91%
Efficiency
Asset turnover1.15x
Fixed asset turnover4.55x
Inventory turnover2.59x
Inventory days141 days
Debtor days62 days
Debtors turnover5.90x
Creditor days38 days
Cash conversion cycle165 days
Working capital days34 days
Leverage
Total debtRs 113 Cr
Cash and bankRs 6 Cr
Net debtRs 107 Cr
Debt to equity0.65x
Net debt / EBITDA1.97x
Interest coverage5.53x
Current ratio (filing 2026-03-31)1.31x
Quick ratio (filing 2026-03-31)0.72x
Trade payables (filing 2026-03-31)Rs 21 Cr
Owners' fund to total sources52.16%
Debt to assets33.90%
Cash flow
Cash from Operating Activity (latest year)Rs 32 Cr
Cash from Investing Activity (latest year)Rs -44 Cr
Cash from Financing Activity (latest year)Rs 10 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 12 Cr
FCFE (approx.: FCF + change in debt)Rs 30 Cr
Cash from ops / profit, 5 years1.14x
Sales to cash flow11.82x
Statement figures
Net sales (TTM)Rs 403 Cr
Net sales (latest year)Rs 384 Cr
Sales (latest quarter)Rs 108 Cr
Operating profit excl. other income (latest year)Rs 45 Cr
Operating profit (latest quarter)Rs 15 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 54 Cr
PBDT (TTM)Rs 46 Cr
Profit before tax (TTM)Rs 36 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 32 Cr
Net profit (latest year)Rs 27 Cr
Net profit (latest quarter)Rs 10 Cr
Depreciation (TTM)Rs 10 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 203 Cr
Total expenditure (latest year)Rs 339 Cr
Total income (latest year)Rs 388 Cr
Share capitalRs 40 Cr
ReservesRs 133 Cr
Shareholders' fundsRs 174 Cr
Total assetsRs 333 Cr
Net blockRs 84 Cr
Capital work in progressRs 9 Cr
InvestmentsRs 23 Cr
ReceivablesRs 65 Cr
InventoryRs 78 Cr
Other liabilitiesRs 46 Cr
Shares outstanding (crore)4.20
Ownership
Promoter holding60.75% (+1.96 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 33.2 is at the 80th percentile of its own 9.4-year range (median 18.7, low 4.7, high 49.0).
P/B 6.03 is at the 97th percentile (median 2.23).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodCOMSYNNifty 50Difference
1 week-10.3%-2.8% -7.5 pts
1 month-13.8%-6.8% -7.0 pts
3 months+31.0%-7.6% +38.6 pts
6 months+71.5%+0.4% +71.1 pts
1 year+67.0%-9.9% +77.0 pts
2 years+308.9%-13.6% +322.5 pts
3 years+372.9%+14.2% +358.7 pts
5 years+455.0%+27.9% +427.1 pts

Red flags

F-score 6 of 8
explainReceivables outrunning sales Receivables grew 51% vs sales +13% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹108 Cr +21.2% vs Jun 2025. Net profit ₹10 Cr +91.3%.

Activity

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Ex-dateActionFactor
2026-09-22Dividend - Re 0.50 Per Share
2025-09-22Dividend - Re 0.40 Per Share
2024-09-23Annual General Meeting
DateTypeWhat it says
2026-10-01General UpdatesApproval and payment of Final Dividend Rs. 0.50 (i.e. 5%) on the 4,19,52,200 Equity Shares of Rs.10/- each of the Company.
2026-10-01Change in ManagementChange in Management
2026-10-01Shareholder meetingOutcome of Annual General Meeting held on September 29, 2026
2026-10-01Shareholder meetingVoting results.
2026-09-29Shareholder meetingProceedings of undefined held on September 29, 2026
2026-09-22General UpdatesCorrigendum to the Notice of 42nd Annual General Meeting to be held on 29th September, 2026.
2026-09-17Board meeting outcomeOutcome of Board Meeting held on September 17, 2026.
2026-09-09General UpdatesGeneral Updates
2026-09-07Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026
2026-09-05General UpdatesRemote E-Voting Facilities for the 42nd AGM.
2026-09-05General UpdatesDividend Updates
2026-09-05Record DateRecord date for the purpose of Dividend is 22-Sep-2026.
2026-09-05Change in ManagementChange in Management
2026-09-05DividendBoard of Directors at its meeting held on September 05, 2026, recommended Final Dividend of Rs. 0.5 per equity share and Fund Raising.
2026-09-01General UpdatesCorporate Action-Board to consider Dividend
2026-08-08Board meeting outcomeCommercial Syn Bags Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-22UpdatesCommencement of Commercial Production of the Expanded Manufacturing Capacity of Unit-Techtex..
2026-07-15UpdatesSuccessful Machine Testing and Commencement of Trial Run of the Expanded Manufacturing Capacity of Unit-Techtex..
2026-06-27General UpdatesGeneral Updates
2026-06-05Disclosure under SEBI TakeovCommercial Syn Bags Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (S...
2026-06-05Disclosure under SEBI TakeovMOHAN LAL CHOUDHARY has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substanti...
2026-05-30Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-05-30Board meeting outcomeCommercial Syn Bags Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-26Disclosure under SEBI TakeovAnil Choudhary has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-05-25Disclosure under SEBI TakeovSUPER SACK PVT. LTD. has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substant...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 50perc in previous 3 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 75perc in previous 3 months

Quick answers

What is the market cap of Commercial Syn Bags Ltd?

Commercial Syn Bags Ltd (COMSYN) has a market capitalisation of Rs 1,099 Cr. at the 2026-10-01 close.

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

Commercial Syn Bags Ltd trades at a P/E of 34.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Commercial Syn Bags Ltd's latest quarterly results?

In the Jun 2026 quarter, Commercial Syn Bags Ltd sales was Rs 108 Cr (+21.2% vs Jun 2025) and net profit was Rs 10 Cr.

What is the 52-week high and low of Commercial Syn Bags Ltd?

The 52-week high is Rs 315.40 and the 52-week low is Rs 136.44.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03