Commercial Syn Bags Ltd
Incorporated in 1984, Commercial Syn Bags
Ltd manufactuers and exports containers and packaging materials[1]
- 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.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
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Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
3 Jun - Received GBP 63,700 dividend from associate Smartlift Bulk Packaging Ltd for 2024.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Jun - Newspaper clipping of the extract of audited standalone and consolidated financial result for quarter/ year ended 31st March, 2025
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Submission Of The Standalone And Consolidated Audited Financial Results Along With Auditors' Report Thereon For The Quarter/Year Ended On 31St March, 2025
31 May - Commercial Syn Bags reports audited FY25 results with Rs 1758.67L profit, unqualified audit opinion, and preferential warrant allotment.
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Statement On Deviation Or Variation Of Funds In Proceeds Of Preferential Issue For The Quarter Ended 31St March, 2025.
31 May - No deviation in utilization of Rs.360 lakh preferential issue proceeds for Q4 FY25.
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Board Meeting Outcome for Submission Of The Outcome Of 1/2025-26 Board Meeting Along With Standalone And Consolidated Audited Financial Results Along With Auditors Report Thereon For The Quarter/Year Ended On 31St March 2025
31 May - Audited financial results FY25: Profit Rs.1389.78L, unqualified audit, preferential warrants issued.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
from bse
Concalls
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Mar 2022TranscriptNotesPPT
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Mar 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Dec 2020TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Sep 2020TranscriptNotesPPT
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Sep 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Oct 2019TranscriptNotesPPT
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Sep 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Sep 2018TranscriptNotesPPT
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.