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    Consumer Cyclical

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    Packaging & Containers
Commercial Syn Bags Limited

Commercial Syn Bags Limited

COMSYN.BO
Commercial Syn Bags LimitedIN flagBombay Stock Exchange
153.00
INR
-0.75
- -
6.17BMarket Cap
Commercial Syn Bags Limited
COMSYN.BO
(Bombay Stock Exchange)

Recent

price

153.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
12.85
15.42
19.09
26.76
43.76
45.3
36.31
45.41
58.3
53.87
60.25
272.8
74.55
72.2
87.06
96.14
Revenue per Share
0.18
0.55
0.61
1.11
2.05
2.29
1.62
1.74
3.19
3.22
3.38
15.48
2.08
1.97
4.29
7.02
Basic EPS, GAAP
-0.17
0.04
-2.51
-0.58
0.02
2.12
-2.15
-2.55
-2.62
2.63
-7.77
-10.25
-1.34
-1.6
-2.1
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
0.13
0.32
0.5
2
0.72
- -
- -
- -
Dividend per Share
1.05
1.65
2.3
3.43
6.8
10.65
11
12.32
15.38
18.28
21
77.19
28.14
29.45
33.88
- -
Book Value per Share
1.54
2.45
3.45
4.67
8.92
11.15
12.64
13.52
16.54
19.44
22.2
89.38
30.99
32.22
37.56
- -
Tangible Book Value per Share
35
35
35
35
26
26
33
35
35
35
35
12
39
40
40
40
Basic Weighted Avg Shares
455
547
677
949
1,122
1,172
1,190
1,610
2,067
1,910
2,136
3,226
2,900
2,884
3,478
3,842
Sales/Revenue/Turnover
4.94
7.33
7.89
8.6
9.37
9.24
8.37
6.92
9.82
9.86
8.13
7.8
5.18
4.98
7.49
9.93
Operating Margin (%)
7
11
15
22
26
31
36
40
62
69
77
94
96
109
88
97
Depreciation Expense
6
20
22
39
53
59
53
62
113
114
120
183
81
79
171
280
Net Income, GAAP
36.34
31.52
32.64
25.25
28.81
27.14
29.93
31.39
24.77
20.89
17.41
13.61
14.5
26.81
20.05
16.09
Effective Tax Rate (%)
1.4
3.58
3.21
4.15
4.68
5.06
4.47
3.83
5.46
5.98
5.61
5.68
2.79
2.72
4.92
7.3
Profit Margin (%)
6
20
12
33
17
69
125
120
187
229
264
427
399
265
443
- -
Working Capital
64
65
108
100
77
77
54
152
211
276
367
345
410
382
279
- -
LT Debt
54
87
122
166
229
288
414
479
586
689
787
1,057
1,205
1,287
1,500
- -
Total Equity
- -
14.89
13.31
15.8
16.06
15.31
11.48
9.71
15.05
12.71
10.05
12.26
6.65
4.85
8.25
- -
Return on Invested Capital (%)
- -
17.41
15.61
18.08
17.7
16.45
11.34
10.3
14.92
12.87
10.92
13.93
7.2
6.63
10.12
28.13
Return on Capital (%)
- -
40.96
30.98
38.75
35.5
26.37
16.72
15.46
23
19.15
17.21
22.1
8.06
6.92
13.53
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
- -
848
- -
LT Borrowings
- -
161
- -
LT Finance Leases
- -
81
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
40
- -
Market Capitalization
5,376
6,151
5,773

Working Capital

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
- -
1,644
- -
Cash, Cash Equivalents & STI
- -
54
- -
Accounts Receivable, Net
- -
647
- -
Inventories
- -
776
- -
Total Current Liabilities
- -
1,222
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
848
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.13%
17.18%
16.55%
Free Cash Flow
900.67%
-90.99%
31.41%
Net Income, GAAP
21.98%
23.38%
117.87%
Sales/Revenue/Turnover
13.49%
14.56%
20.59%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
795
683
711
696
2,884
2025
769
867
865
978
3,478
2026
905
985
975
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.64
0.58
-0.06
- -
1.97
2025
0.48
0.9
0.88
- -
4.29
2026
1.39
2.11
1.5
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Commercial Syn Bags Limited (COMSYN.BO)
Business
Commercial Syn Bags Limited (Comsyn) manufactures and exports flexible packaging solutions, including flexible intermediate bulk containers (FIBCs) such as builder, tunnel lift, circular, skip, baffle, UN, silo, single and two-loop bags; woven sacks and bags; HDPE/PP fabrics; BOPP bags; poly tarpaulins under the TIGER TARPAULIN brand; pond liners; and mulch films. The company, founded in 1984 and headquartered in Indore, Madhya Pradesh, India, also trades in granules, master batches and PVC resins through its manufacturing and trading segments; it operates a wholly owned subsidiary, Comsyn India Private Limited. Comsyn serves industries including construction, agriculture, mining, chemicals, food products, fertilizers and waste management, with exports to the European Union, United Kingdom, United States and Latin America. In recent developments, Comsyn India's wholly owned subsidiary entered into a share purchase agreement in April 2025 to acquire 100% of Erawat Vegcap Private Limited, a company in the plastic packaging and pharmaceutical sectors with no prior operations, positioning it for diversification and expansion upon completion by mid-May 2025. The company acquired an additional 1% stake in April 2025, increasing its holding to 50% in Smartlift Bulk Packaging Ltd., a UK-based entity. These strategic moves align with broader business growth, as evidenced by strong Q2 FY2025-26 financial performance showing 133% profit growth and 19% sales increase.