1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Packaging & Containers
Commercial Syn Bags Limited

Commercial Syn Bags Limited

COMSYN.NS
Commercial Syn Bags LimitedIN flagNational Stock Exchange of India
153.00
INR
-0.01
- -
6.17BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
Basic EPS, GAAP
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
Free Cash Flow per Basic Share
-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
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
0.13
0.32
0.5
2
0.72
- -
- -
- -
Book Value per Share
2.3
3.43
6.8
10.65
11
12.32
15.38
18.28
21
77.19
28.14
29.45
33.88
- -
Tangible Book Value per Share
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
- -
Basic Weighted Avg Shares
35
35
26
26
33
35
35
35
35
12
39
40
40
40
Sales/Revenue/Turnover
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
Operating Margin (%)
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
Depreciation Expense
15
22
26
31
36
40
62
69
77
94
96
109
88
97
Net Income, GAAP
22
39
53
59
53
62
113
114
120
183
81
79
171
280
Effective Tax Rate (%)
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
Profit Margin (%)
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
Working Capital
12
33
17
69
125
120
187
229
264
427
399
265
443
- -
LT Debt
108
100
77
77
54
152
211
276
367
345
410
382
279
- -
Total Equity
122
166
229
288
414
479
586
689
787
1,057
1,205
1,287
1,500
- -
Return on Invested Capital (%)
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 Capital (%)
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 Common Equity (%)
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
- -

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
5,369
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
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Ravindrakumar Mohanlal Choudhary
Full Time Employees
2,437
Sector
Consumer Cyclical
Industry
Packaging & Containers
Address
Commercial House Indore India 452001
IPO Date
Jan 23, 2024
Website
comsyn.com
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Business
Commercial Syn Bags Limited manufactures and exports flexible intermediate bulk containers, tarpaulins, woven sacks, BOPP bags and a range of technical textiles and packaging solutions from its headquarters in Indore, India. Incorporated in 1984, the company produces FIBCs including builder bags, U-panel and circular bags, baffle or Q-bags, tunnel bags, single and double loop bags, UN-certified bags, asbestos bags, PP container bags, bags with formfit or bottle-shaped liners, tabbed, glued and box bags; polypropylene woven sacks and bags; HDPE/PP fabrics; pond liners; mulch films; poly tarpaulins under the TIGER TARPAULIN brand; vermi beds and flexible pipes under the COMSYN SWAJAL brand; bulk bags, courier parcel large delivery bags, container bags, planter bags, waste and heavy-duty waste bags, shopping bags; BOPP bags; laminates; geotextiles; ground covers and nets; flexible packaging; conductive bags and liners; baffle liners; and trades in granules, master batches and PVC resins, serving sectors such as construction, agriculture, mining, chemicals, food products, fertilizers and recycling primarily in India with exports to the European Union, United Kingdom, United States and Latin America through its manufacturing and trading segments and wholly owned subsidiary Comsyn India Private Limited. Recent developments include Comsyn India entering a share purchase agreement in April 2025 to acquire 100% of Erawat Vegcap for Rs 50 million to expand into plastic products, packaging and pharmaceutical sectors with completion by May 2025; acquiring 49% of Smartlift Bulk Packaging in March 2024 and an additional 1% stake to reach 50% as reported in the FY25 annual report; proposing a Rs 0.40 per share final dividend and issuance of 2 million warrants at its 41st annual general meeting on September 29, 2025; and appointing a new secretarial auditor for five years while approving related party transactions up to Rs 100 crore.