Commercial Syn Bags Ltd

Commercial Syn Bags Ltd

₹ 126 -0.73%
13 Jun - close price
About

Incorporated in 1984, Commercial Syn Bags
Ltd manufactuers and exports containers and packaging materials[1]

Key Points

Business Overview:[1]
Commercial Syn Bags Limited (Comsyn), based in Indore, is a leading manufacturer and exporter of packaging solutions, including Flexible Intermediate Bulk Containers (FIBCs), tarpaulins, woven sacks, and BOPP bags.

  • Market Cap 504 Cr.
  • Current Price 126
  • High / Low 135 / 53.0
  • Stock P/E 36.3
  • Book Value 36.5
  • Dividend Yield 0.00 %
  • ROCE 11.3 %
  • ROE 10.2 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.45 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 7.92% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.20%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
96.68 92.69 73.05 64.99 60.75 79.78 67.12 69.54 69.12 75.12 85.63 83.84 97.02
87.98 85.60 69.90 60.77 54.78 73.82 60.91 66.27 61.41 69.46 79.11 75.88 86.99
Operating Profit 8.70 7.09 3.15 4.22 5.97 5.96 6.21 3.27 7.71 5.66 6.52 7.96 10.03
OPM % 9.00% 7.65% 4.31% 6.49% 9.83% 7.47% 9.25% 4.70% 11.15% 7.53% 7.61% 9.49% 10.34%
1.49 0.80 0.49 0.97 0.47 0.26 0.55 0.89 1.50 0.51 0.28 0.75 2.45
Interest 1.26 1.20 1.24 1.44 1.46 1.44 1.86 1.48 2.03 2.14 1.92 2.54 2.16
Depreciation 2.08 2.03 2.06 2.02 2.25 2.20 2.38 2.45 2.62 2.68 2.36 2.34 0.43
Profit before tax 6.85 4.66 0.34 1.73 2.73 2.58 2.52 0.23 4.56 1.35 2.52 3.83 9.89
Tax % 20.29% 10.30% 88.24% 13.87% 13.19% 0.39% 29.37% 73.91% 37.72% 25.93% 4.76% 14.62% 27.00%
5.45 4.18 0.04 1.50 2.38 2.57 1.78 0.05 2.84 1.00 2.40 3.27 7.23
EPS in Rs 1.47 1.10 0.01 0.38 0.60 0.64 0.45 0.01 0.71 0.25 0.60 0.82 1.81
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
96 112 117 119 161 207 191 214 322 291 286 342
86 100 103 107 145 181 167 187 291 271 262 311
Operating Profit 10 13 14 12 15 26 24 26 30 20 23 30
OPM % 10% 11% 12% 10% 10% 12% 12% 12% 9% 7% 8% 9%
0 1 1 1 0 1 2 -0 4 3 3 4
Interest 3 4 3 3 3 6 4 4 6 5 7 9
Depreciation 2 3 3 4 4 6 7 8 8 8 10 8
Profit before tax 5 7 8 8 9 15 14 15 21 9 10 18
Tax % 25% 29% 27% 30% 31% 25% 21% 17% 13% 15% 27% 21%
4 5 6 5 6 11 11 12 18 8 7 14
EPS in Rs 6.35 8.08 2.29 1.50 1.74 3.18 3.22 3.41 4.89 2.02 1.81 3.48
Dividend Payout % 0% 0% 0% 0% 0% 16% 16% 20% 14% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 12%
3 Years: 2%
TTM: 20%
Compounded Profit Growth
10 Years: 10%
5 Years: 4%
3 Years: -9%
TTM: 84%
Stock Price CAGR
10 Years: %
5 Years: 50%
3 Years: 13%
1 Year: 84%
Return on Equity
10 Years: 13%
5 Years: 11%
3 Years: 8%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 2 2 9 12 12 12 12 12 12 40 40 40
Reserves 14 21 20 30 36 47 57 67 93 80 88 106
26 28 25 27 39 54 52 78 73 65 98 95
19 19 15 26 25 24 19 31 30 29 30 42
Total Liabilities 62 70 69 94 112 137 140 187 208 215 256 283
24 27 31 35 31 59 58 77 71 79 90 83
CWIP 0 3 0 1 16 2 14 0 0 13 0 0
Investments 0 0 0 0 0 0 0 0 0 -0 22 22
38 40 38 58 65 75 68 110 137 123 144 178
Total Assets 62 70 69 94 112 137 140 187 208 215 256 283

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2 8 9 2 7 10 27 -1 4 36 4 8
-4 -8 -3 -9 -15 -18 -17 -17 -3 -30 -29 1
2 -0 -6 7 11 6 -10 19 -3 -7 25 -8
Net Cash Flow 0 0 -0 0 2 -2 -0 2 -2 -1 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 63 49 45 48 52 63 35 36 40 35 53 46
Inventory Days 70 73 83 120 74 57 110 183 106 119 149 155
Days Payable 36 28 38 49 36 41 21 36 28 30 28 36
Cash Conversion Cycle 98 95 89 119 91 79 124 183 118 124 174 166
Working Capital Days 44 43 57 81 77 78 70 124 111 99 128 130
ROCE % 21% 23% 22% 18% 16% 21% 16% 13% 16% 8% 8% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
61.46% 58.66% 58.66% 58.66% 58.66% 58.79% 58.79% 58.79% 58.79% 58.79% 58.79% 58.79%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.11% 0.00% 0.00% 0.00% 0.00%
38.54% 41.34% 41.33% 41.35% 41.34% 41.22% 41.22% 41.10% 41.21% 41.22% 41.22% 41.21%
No. of Shareholders 2,8032,5905,4274,7494,8754,9214,6984,7114,6715,7355,8645,240

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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