Commercial Syn Bags Ltd
₹ 154
0.82%
02 Jun
1:19 p.m.
About
Incorporated in 1984, Commercial Syn Bags
Ltd manufactuers and exports containers and packaging materials[1]
Key Points
- Market Cap ₹ 622 Cr.
- Current Price ₹ 154
- High / Low ₹ 200 / 113
- Stock P/E 23.1
- Book Value ₹ 43.1
- Dividend Yield 0.26 %
- ROCE 15.0 %
- ROE 16.9 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 42.8 days to 34.0 days
Cons
- Stock is trading at 3.56 times its book value
- Tax rate seems low
- Company has a low return on equity of 11.5% over last 3 years.
* 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
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 112 | 117 | 119 | 161 | 207 | 191 | 214 | 322 | 291 | 286 | 341 | 384 | |
| 100 | 103 | 107 | 145 | 181 | 167 | 187 | 291 | 271 | 262 | 311 | 339 | |
| Operating Profit | 13 | 14 | 12 | 15 | 26 | 24 | 26 | 30 | 20 | 23 | 30 | 45 |
| OPM % | 11% | 12% | 10% | 10% | 12% | 12% | 12% | 9% | 7% | 8% | 9% | 12% |
| 1 | 1 | 1 | 0 | 1 | 2 | -0 | 4 | 3 | 3 | 4 | 4 | |
| Interest | 4 | 3 | 3 | 3 | 6 | 4 | 4 | 6 | 5 | 7 | 9 | 8 |
| Depreciation | 3 | 3 | 4 | 4 | 6 | 7 | 8 | 8 | 8 | 10 | 8 | 10 |
| Profit before tax | 7 | 8 | 8 | 9 | 15 | 14 | 15 | 21 | 9 | 10 | 18 | 31 |
| Tax % | 29% | 27% | 30% | 31% | 25% | 21% | 17% | 13% | 15% | 27% | 21% | 13% |
| 5 | 6 | 5 | 6 | 11 | 11 | 12 | 18 | 8 | 7 | 14 | 27 | |
| EPS in Rs | 8.08 | 2.29 | 1.50 | 1.74 | 3.18 | 3.22 | 3.41 | 4.89 | 2.02 | 1.81 | 3.48 | 6.68 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 16% | 16% | 20% | 14% | 0% | 0% | 12% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 12% |
| 3 Years: | 10% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 17% |
| 3 Years: | 49% |
| TTM: | 92% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 27% |
| 1 Year: | 31% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 9 | 12 | 12 | 12 | 12 | 12 | 12 | 40 | 40 | 40 | 40 |
| Reserves | 21 | 20 | 30 | 36 | 47 | 57 | 67 | 93 | 80 | 88 | 106 | 133 |
| 28 | 25 | 27 | 39 | 54 | 52 | 78 | 73 | 65 | 98 | 95 | 113 | |
| 19 | 15 | 26 | 25 | 24 | 19 | 31 | 30 | 29 | 30 | 42 | 46 | |
| Total Liabilities | 70 | 69 | 94 | 112 | 137 | 140 | 187 | 208 | 215 | 256 | 283 | 333 |
| 27 | 31 | 35 | 31 | 59 | 58 | 77 | 71 | 79 | 90 | 83 | 84 | |
| CWIP | 3 | 0 | 1 | 16 | 2 | 14 | 0 | 0 | 13 | 0 | 0 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 22 | 22 | 23 |
| 40 | 38 | 58 | 65 | 75 | 68 | 110 | 137 | 123 | 144 | 178 | 217 | |
| Total Assets | 70 | 69 | 94 | 112 | 137 | 140 | 187 | 208 | 215 | 256 | 283 | 333 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8 | 9 | 2 | 7 | 10 | 27 | -1 | 4 | 36 | 4 | 8 | ||
| -8 | -3 | -9 | -15 | -18 | -17 | -17 | -3 | -30 | -29 | 1 | ||
| -0 | -6 | 7 | 11 | 6 | -10 | 19 | -3 | -7 | 25 | -8 | ||
| Net Cash Flow | 0 | -0 | 0 | 2 | -2 | -0 | 2 | -2 | -1 | 0 | 1 | |
| Free Cash Flow | 0 | 5 | -7 | -9 | -9 | 10 | -14 | 2 | 7 | -2 | 7 | |
| CFO/OP | 82% | 82% | 32% | 62% | 53% | 130% | 7% | 23% | 195% | 27% | 32% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 49 | 45 | 48 | 52 | 63 | 35 | 36 | 40 | 35 | 53 | 46 | 62 |
| Inventory Days | 73 | 83 | 120 | 74 | 57 | 110 | 183 | 106 | 119 | 149 | 155 | 141 |
| Days Payable | 28 | 38 | 49 | 36 | 41 | 21 | 36 | 28 | 30 | 28 | 36 | 38 |
| Cash Conversion Cycle | 95 | 89 | 119 | 91 | 79 | 124 | 183 | 118 | 124 | 174 | 166 | 165 |
| Working Capital Days | -13 | 14 | 22 | 27 | 27 | 35 | 40 | 57 | 60 | 42 | 52 | 34 |
| ROCE % | 23% | 22% | 18% | 16% | 21% | 16% | 13% | 16% | 8% | 8% | 11% | 15% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Manufacturing Capacity MTPA |
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| Capacity Utilization % |
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| FIBC Sales Volume Million Nos |
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| Export Presence Countries |
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| Comsyn India Private Limited Capacity MTPA |
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| Geo-textiles Plant Capacity Utilization % |
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| Trading Volume (DCA cum CS of OPaL) MT |
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| Comsyn India Private Limited Capacity Utilization % |
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| Solar Power Generation Lakh Units |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20h - We are pleased to submit the copy of extract on newspaper clipping of standalone and consolidated audited financial results for the quarter/year ended on 31st …
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Statement On Deviation Or Variation Of Funds In Proceeds Of Preferential Issue For The Quarter Ended 31St March, 2026.
2d - No deviation in preferential issue fund use for quarter ended 31 March 2026; Rs. 208.98 lakh raised.
- Submission Of The Standalone And Consolidated Audited Financial Results Along With Auditors' Report Thereon For The Quarter/Year Ended On 31St March, 2026 2d
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Board Meeting Outcome for Submission Of The Outcome Of 1/2026-27 Board Meeting Along With Standalone And Consolidated Audited Financial Results Along With Auditors' Report Thereon For The Quarter/Year Ended On 31St March, 2026.
2d - Commercial Syn Bags posted FY26 audited standalone profit of Rs 2,695.68 lakh; board approved results on 30 May 2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Annual Secretarial Compliance Report filed for year ended 31 March 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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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
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Financial Year 2013
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Concalls
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Mar 2022TranscriptAI SummaryPPT
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Mar 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Dec 2020TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Sep 2020TranscriptAI SummaryPPT
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Sep 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Oct 2019TranscriptAI SummaryPPT
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Sep 2019TranscriptAI SummaryPPT
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Jun 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Sep 2018TranscriptAI SummaryPPT
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.