Commercial Syn Bags Ltd.

286.17-1.24%

2026-08-21

comsyn.comBSE: 539986NSE: COMSYN
Market Cap₹ 1,136 Cr.
Current Price₹ 290
High / Low₹ 298 / 134
Stock P/E38.2
Book Value₹ 46
Price to Book2.16
Dividend Yield0.00 %
ROCE12.7 %
ROE12.4 %
Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Manufacturing: 99.2% • Trading: 0.8%

PROS

  • Latest quarter profit grew 60.8% YoY, showing strong momentum
  • Company has consistently been profitable over the last 5 years
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.35x)
  • Company generates healthy free cash flow

CONS

  • Company has a low return on capital employed of 10.1%
  • Company has a low return on equity of 8.7% over last 3 years
  • Company has delivered a poor profit growth of 8.4% over past five years
  • Though reporting repeated profits, the company pays out little dividend (9.3%)
  • Growth is decelerating - 3Y profit CAGR (-2.2%) trails the 5Y trend (8.4%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.SUPREMEIND3610.5044.4245863.051.00280.7238.762717.664.1621.4917.33
2.ASTRAL1539.0071.8441345.260.26120.2051.771578.0015.9319.9514.65
3.GRWRHITECH7048.1542.2216374.540.17132.6559.78633.0827.9020.4127.17
4.SHAILY3367.7587.6115490.050.0948.0116.75280.6713.7719.5529.59
5.FINPIPE158.2015.959815.941.74114.5216.67883.58-15.3017.4012.09
6.TIMETECHNO190.9019.249423.500.791178.601120.7116927.101151.4018.1613.25
7.KINGFA5772.150.007822.060.0080.21101.58688.5749.0630.7016.12
8.RESPONIND156.7041.244177.760.062.74-94.51192.87-43.0610.7612.09
9.POLYPLEX1174.3523.743686.570.26171.07386.022253.6229.621.5113.15
10.PRINCEPIPE283.050.003129.430.35337.496900.416094.18949.973.9212.66
11.NILKAMAL2030.7024.313030.320.9824.4059.20819.73-7.1810.769.44
12.COMSYN281.5538.241135.750.008.9360.84109.1320.5712.6614.37
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
79
73
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
3
3
Tax %
1.93%
Net Profit
0
1
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
68
61
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
3
3
Tax %
27.02%
Net Profit
0
1
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
71
67
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
3
-0
Tax %
-30.00%
Net Profit
0
-0
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
70
61
Operating Profit
OPM %
Other Income
2
Interest
3
Depreciation
3
5
Tax %
37.11%
Net Profit
0
1
Equity Capital
40
Reserves
89
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
89
Promoter Pledge %
0.00%
Jun 2024
77
70
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
3
2
Tax %
19.17%
Net Profit
2
0
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
87
79
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
3
4
Tax %
7.69%
Net Profit
4
1
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
86
77
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
3
4
Tax %
16.19%
Net Profit
4
1
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
98
86
Operating Profit
OPM %
Other Income
2
Interest
2
Depreciation
1
11
Tax %
26.12%
Net Profit
8
2
Equity Capital
40
Reserves
110
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
110
Promoter Pledge %
0.00%
Jun 2025
91
80
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
3
7
Tax %
15.53%
Net Profit
6
1
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
98
85
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
3
9
Tax %
1.98%
Net Profit
8
2
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
97
85
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
3
7
Tax %
18.37%
Net Profit
6
2
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
101
89
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
3
8
Tax %
22.02%
Net Profit
6
2
Equity Capital
40
Reserves
137
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
137
Promoter Pledge %
0.00%
Jun 2026
109
98
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
3
12
Tax %
22.39%
Net Profit
9
0
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
40
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020
191
167
Operating Profit
26
OPM %
13
Other Income
2
Interest
4
Depreciation
7
14
Tax %
21
Net Profit
11
EPS
0
Dividend Payout %
16
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2021
214
189
Operating Profit
26
OPM %
12
Other Income
2
Interest
4
Depreciation
8
15
Tax %
17
Net Profit
12
EPS
10
Dividend Payout %
20
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2022
323
289
Operating Profit
37
OPM %
12
Other Income
4
Interest
7
Depreciation
9
21
Tax %
14
Net Profit
18
EPS
15
Dividend Payout %
14
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Mar 2023
290
267
Operating Profit
25
OPM %
9
Other Income
2
Interest
6
Depreciation
10
9
Tax %
15
Net Profit
8
EPS
2
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2024
288
264
Operating Profit
30
OPM %
10
Other Income
5
Interest
8
Depreciation
11
11
Tax %
27
Net Profit
8
EPS
2
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2025
348
312
Operating Profit
40
OPM %
11
Other Income
4
Interest
9
Depreciation
9
21
Tax %
20
Net Profit
17
EPS
4
Dividend Payout %
9
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
TTM
406
358
Operating Profit
OPM %
Other Income
3
Interest
9
Depreciation
11
36
Tax %
17
Net Profit
30
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
13%
3 Years:
3%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
8%
3 Years:
-2%

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:
110%

RETURN ON EQUITY

10 Years:
5 Years:
12%
3 Years:
9%
Last Year:
12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2022

Nov 25

2:1

Mar 2020
Equity Capital
12
57
18
Trade Payables
6
47
Total Liabilities
140
58
Capital Work in Progress
14
0
30
0
Cash & Bank
4
33
Total Assets
140
Total Debt
52
Net Working Capital
23
Contingent Liabilities
0
Book Value per Share
58.31
Face Value
10.00
Total Debt
52
Net Working Capital
23
Contingent Liabilities
0
Book Value per Share
58.31
Face Value
10.00
Mar 2021
Equity Capital
12
67
42
Trade Payables
12
64
Total Liabilities
197
87
Capital Work in Progress
0
0
57
0
Cash & Bank
6
46
Total Assets
197
Total Debt
81
Net Working Capital
26
Contingent Liabilities
11
Book Value per Share
66.60
Face Value
10.00
Total Debt
81
Net Working Capital
26
Contingent Liabilities
11
Book Value per Share
66.60
Face Value
10.00
Mar 2022
Equity Capital
12
90
41
Trade Payables
16
62
Total Liabilities
222
94
Capital Work in Progress
0
-0
59
0
Cash & Bank
5
63
Total Assets
222
Total Debt
77
Net Working Capital
43
Contingent Liabilities
13
Book Value per Share
82.83
Face Value
10.00
Total Debt
77
Net Working Capital
43
Contingent Liabilities
13
Book Value per Share
82.83
Face Value
10.00
Mar 2023
Equity Capital
40
81
22
Trade Payables
15
69
Total Liabilities
227
99
Capital Work in Progress
13
-0
58
0
Cash & Bank
5
53
Total Assets
227
Total Debt
68
Net Working Capital
40
Contingent Liabilities
12
Book Value per Share
30.17
Face Value
10.00
Total Debt
68
Net Working Capital
40
Contingent Liabilities
12
Book Value per Share
30.17
Face Value
10.00
Mar 2024
Equity Capital
40
89
57
Trade Payables
17
70
Total Liabilities
273
108
Capital Work in Progress
0
22
72
42
Cash & Bank
5
23
Total Assets
273
Total Debt
101
Net Working Capital
26
Contingent Liabilities
12
Book Value per Share
32.22
Face Value
10.00
Total Debt
101
Net Working Capital
26
Contingent Liabilities
12
Book Value per Share
32.22
Face Value
10.00
Mar 2025
Equity Capital
40
106
77
Trade Payables
19
66
Total Liabilities
308
100
Capital Work in Progress
2
23
81
46
Cash & Bank
6
50
Total Assets
308
Total Debt
107
Net Working Capital
44
Contingent Liabilities
12
Book Value per Share
36.66
Face Value
10.00
Total Debt
107
Net Working Capital
44
Contingent Liabilities
12
Book Value per Share
36.66
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020
27
Cash from Investing
-17
Cash from Financing
-10
-0
Free Cash Flow
27
OCF / Net Profit
2.37
Cumulative 5-Year FCF
0
OCF / Net Profit
2.37
Cumulative 5-Year FCF
0
Mar 2021
-9
Cash from Investing
-17
Cash from Financing
28
2
Free Cash Flow
-31
OCF / Net Profit
-0.74
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.74
Cumulative 5-Year FCF
0
Mar 2022
6
Cash from Investing
-7
Cash from Financing
-1
-2
Free Cash Flow
-9
OCF / Net Profit
0.34
Cumulative 5-Year FCF
0
OCF / Net Profit
0.34
Cumulative 5-Year FCF
0
Mar 2023
38
Cash from Investing
-30
Cash from Financing
-8
-1
Free Cash Flow
10
OCF / Net Profit
4.65
Cumulative 5-Year FCF
0
OCF / Net Profit
4.65
Cumulative 5-Year FCF
0
Mar 2024
6
Cash from Investing
-29
Cash from Financing
23
0
Free Cash Flow
-1
OCF / Net Profit
0.78
Cumulative 5-Year FCF
0
OCF / Net Profit
0.78
Cumulative 5-Year FCF
0
Mar 2025
1
Cash from Investing
-0
Cash from Financing
0
1
Free Cash Flow
-1
OCF / Net Profit
0.06
Cumulative 5-Year FCF
-32
OCF / Net Profit
0.06
Cumulative 5-Year FCF
-32

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020
EPS (₹)
9.67
Book Value (₹)
58.31
Dividend per Share (₹)
1.50
Cash EPS (₹)
5.17
Operating Margin %
13.41%
Net Margin %
5.98%
ROE %
16.58%
ROCE %
15.48%
8.16%
Debtor Days
35
Inventory Days
58
Payable Days
21
72
Debt to Equity (x)
0.76x
Interest Coverage (x)
4.37x
1.59x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
10.14
Book Value (₹)
66.60
Dividend per Share (₹)
2.00
Cash EPS (₹)
5.54
Operating Margin %
12.31%
Net Margin %
5.61%
ROE %
16.24%
ROCE %
13.30%
7.12%
Debtor Days
34
Inventory Days
74
Payable Days
29
79
Debt to Equity (x)
1.02x
Interest Coverage (x)
4.51x
1.35x
Revenue Growth %
11.92%
Operating Profit Growth %
2.63%
Net Profit Growth %
4.91%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
14.76
Book Value (₹)
82.83
Dividend per Share (₹)
2.10
Cash EPS (₹)
7.46
Operating Margin %
11.54%
Net Margin %
5.67%
ROE %
20.18%
ROCE %
16.26%
8.75%
Debtor Days
32
Inventory Days
66
Payable Days
26
72
Debt to Equity (x)
0.75x
Interest Coverage (x)
4.22x
1.56x
Revenue Growth %
50.96%
Operating Profit Growth %
41.51%
Net Profit Growth %
52.78%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
2.02
Book Value (₹)
30.17
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.43
Operating Margin %
8.69%
Net Margin %
2.79%
ROE %
7.24%
ROCE %
8.41%
3.61%
Debtor Days
40
Inventory Days
74
Payable Days
34
80
Debt to Equity (x)
0.57x
Interest Coverage (x)
2.54x
1.66x
Revenue Growth %
-10.06%
Operating Profit Growth %
-32.23%
Net Profit Growth %
-55.83%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
1.97
Book Value (₹)
32.22
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.70
Operating Margin %
8.63%
Net Margin %
2.72%
ROE %
6.30%
ROCE %
9.16%
3.14%
Debtor Days
44
Inventory Days
82
Payable Days
37
90
Debt to Equity (x)
0.78x
Interest Coverage (x)
2.28x
1.27x
Revenue Growth %
-0.57%
Operating Profit Growth %
19.24%
Net Profit Growth %
-2.83%
-2.83%
P/E (x)
31.98x
P/B (x)
1.95x
Dividend Yield %
0.00%
11.55x
Mar 2025
EPS (₹)
4.29
Book Value (₹)
36.66
Dividend per Share (₹)
0.40
Cash EPS (₹)
6.49
Operating Margin %
10.16%
Net Margin %
4.92%
ROE %
12.44%
ROCE %
12.66%
5.90%
Debtor Days
46
Inventory Days
80
Payable Days
35
91
Debt to Equity (x)
0.73x
Interest Coverage (x)
3.29x
1.36x
Revenue Growth %
20.59%
Operating Profit Growth %
31.63%
Net Profit Growth %
117.87%
117.87%
P/E (x)
18.49x
P/B (x)
2.16x
Dividend Yield %
0.50%
10.54x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
58.79
0.00
0.00
Government
0.00
41.21
Sep 2024
58.79
0.00
0.00
Government
0.00
41.21
Dec 2024
58.79
0.00
0.00
Government
0.00
41.21
Mar 2025
58.79
0.00
0.00
Government
0.00
41.21
Jun 2025
58.79
0.24
0.00
Government
0.00
40.97
Sep 2025
58.79
0.11
0.00
Government
0.00
41.11
Dec 2025
58.79
0.00
0.00
Government
0.00
41.21
Mar 2026
59.18
0.17
0.09
Government
0.00
40.55
Jun 2026
59.18
0.00
0.06
Government
0.00
40.76

Documents

Announcements

  • Copy of Newspaper Publication

    2026-08-10 - Commercial Syn Bags Limited has informed the Exchange about Copy of Newspaper Publication

  • Outcome of Board Meeting

    2026-08-08 - Commercial Syn Bags Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

Credit Ratings

Nothing filed yet.

Concalls

  • Mar 2022

    TranscriptPPTREC
  • Feb 2022

    TranscriptPPTREC
  • Nov 2021

    TranscriptPPTREC