COMSYNIndustrials

Commercial Syn Bags Limited

Packaging · ISIN INE073V01015 · BSE 539986 · NSE EQ · FV ₹10
Last price
₹293
-0.59%today
What this company does

Commercial Syn Bags Limited operates in Packaging, part of the Industrials sector. It booked ₹109 cr of revenue in its latest quarter (Q1 FY27) and kept 8.2% of sales as profit.

In the report:
55out of 100
Equitytale Health Score
Mixed

Healthier than 55% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 234–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
60

At close. Not part of the score.

Profitability & returns79

How much profit it earns on the money it employs

Balance sheet37

How much it owes, and whether earnings cover the interest

Cash quality39

Whether reported profit actually arrives as cash

Valuation26

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 21% vs last year
Profit up 61% vs last year
Promoters hold 59%
No promoter shares pledged
Strong 20% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in COMSYN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹293 -0.59%
latest close · 2026-09-17
52-wk low ₹17342 sessions so far52-wk high ₹315
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio33.1High
LowAverageHigh
P/B ratio6.66High
Below bookModerateHigh
EV / EBITDA19.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity20.1%Strong
WeakFairStrong ▸15%
Return on capital24.7%Strong
WeakFairStrong
Net margin8.2%Decent
ThinDecentStrong
EBITDA margin15.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.68Moderate
LowModerateHigh ▸1
Interest cover6.8×Strong
RiskyOkayStrong ▸5×
Current ratio1.27Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,182 cr
Book value
₹44
EPS
₹2.21
latest quarter
Net debt
₹120 cr
owes more than its cash
Enterprise value
₹1,302 cr
EBITDA
₹66 cr
annualised
EBIT
₹54 cr
annualised
Operating margin
12.4%
Return on assets
10.0%
Earnings yield
3.02%
P/S
2.71
Sales / share
₹108.2
Tax rate
22.4%
Face value
₹10
Shares
4.0 cr
Working capital
₹38 cr
Current assets
₹178 cr
Current liabilities
₹140 cr
Delivery %
54.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹30₹58, midpoint ₹44

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹109 cr
Other Income₹79.7 L
Total Income₹110 cr
Cost of Materials₹64 cr
Purchases of Stock-in-Trade₹1 cr
Inventory Change (±)₹-9 cr
Employee Benefit Expense₹18 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹19 cr
Total Expenses₹98 cr
Profit before Tax₹12 cr
Tax Expense₹3 cr
Net Profit₹9 cr
Net margin on total income8.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹57 cr51.5%
Employee benefit expense₹18 cr16.4%
Finance costs₹2 cr1.8%
Depreciation & amortisation₹3 cr2.7%
Other expenses₹19 cr17.1%
Tax expense₹3 cr2.3%
Profit for the period₹9 cr8.1%
Total income ₹110 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue97 cr101 cr109 cr
Total income98 cr102 cr110 cr
Expenses90 cr94 cr98 cr
Profit before tax7 cr8 cr12 cr
Tax1 cr2 cr3 cr
Net profit (owners' share)6 cr6 cr9 cr
Net margin (owners' share, on revenue)6.2%6.3%8.2%
EPS (₹)1.501.592.21
YoY (latest quarter): total income +20.5% · net profit +60.8%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹358 cr
Shareholder equity
₹178 cr
parent shareholders
Total debt
₹120 cr
Cash
₹47.2 L
Cash flow · H1 FY26
Operating
₹24 cr
Investing
₹-14 cr
Financing
₹-12 cr
Peer comparison
Packaging · by market value
CompanyPriceMarket capP/E
EPL Limited₹231₹7,416 cr18.8
AGI Greenpac Limited₹734₹4,747 cr11.9
UFLEX Limited₹653₹4,715 cr2.8
TCPL Packaging Limited₹3,863₹3,516 cr22.0
Polyplex Corporation Limited₹1,085₹3,406 cr9.4
Jindal Poly Films Limited₹726₹3,179 cr9.1
Xpro India Limited₹1,236₹2,901 cr91.4
COSMO FIRST LIMITED₹880₹2,310 cr10.6
Mold-Tek Packaging Limited₹662₹2,069 cr29.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.14%
trailing 12 months
Dividend / share (TTM)
₹0.4
Last dividend
₹0.4
ex 22 Sep 2025
ActionDetailEx-date
Dividend₹0.4 / share22 Sep 2025
Bonus issue1:225 Nov 2022
Dividend₹2.1 / share22 Sep 2022
Dividend₹2 / share22 Sep 2021
Dividend₹1.5 / share18 Sep 2020
Dividend₹0.8 / share9 Sep 2019
Who owns it · 2026-06-30
No pledge
Promoter
59.2%
FII / Foreign
DII / Domestic
0.1%
Retail / others
40.8%
Promoter stake up 0.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtPravi Investments LLP · Promoter Group3.87 L · ₹2.8 cr30 Mar 26
SoldPravi Investments LLP · Promoter Group3.87 L · ₹2.8 cr30 Mar 26
Bulk / block deals
SoldARIHANT CAPITAL MARKETS LIMITED · NSE2.47 L @ ₹292.6316 Sep 26
BoughtARIHANT CAPITAL MARKETS LIMITED · NSE2.44 L @ ₹292.2816 Sep 26
SoldL7 HITECH PRIVATE LIMITED · NSE2.16 L @ ₹299.0510 Sep 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
Approval of the Standalone and Consolidated Audited Financial Statements containing the Balance Sheet as at 31st March 2025, the Statement of Profit & Loss, Cash Flow, Changes in Equity and notes thereto of the company for the financial year ended 31st March 2025 and the Report of the Board’s and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
37.29 L votes for, 0 against · 0% of mutual funds and other big investors said no
2
To declare dividend of Re.0.40 (4%) on the 3,99,52,200 equity shares of Rs. 10/- each of the Company for the financial year ended 31st March, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
37.29 L votes for, 0 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Smt. Ranjana Choudhary (DIN:03349699) who liable to retire by rotation at this Annual General Meeting and being eligible offers herself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
37.29 L votes for, 0 against · 0% of mutual funds and other big investors said no
4
To approve re-appointment of Shri Virendra Singh Pamecha (DIN: 07456367) as Whole-time Director & KMP for a further period of 3 (Three) Years w.e.f. 26th March, 2026.
Backed by 100% of shareholders other than promotersneeded 75%
37.29 L votes for, 1 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 15 named members
owning 59.2% between them · as of 2026-06-30
SUPER SACK PRIVATE LIMITED26.29%
MOHAN LAL CHOUDHARY4.75%
ANIL CHOUDHARY4.46%
PRAVI INVESTMENTS LLP3.93%
VEENAL CHOUDHARY3.87%
ANIL CHOUDHARY HUF3.50%
PRAMAL CHOUDHARY3.03%
RAVINDRA CHOUDHARY2.86%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹2 cr raised in Mar 2026 by selling shares to selected investors

As of Mar 2026, the company says it has spent 40% of what it set aside.

Purchase of Property Plant and Equipment of the Company including its subsidiaries and associates
0%
of what was set aside
Long Term and Short Term Working Capital Requirement of the Company including its subsidiaries
56%
of what was set aside
General Corporate Purpose
79%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

₹4 cr raised in Mar 2025 by selling shares to selected investors

As of Mar 2025, the company says it has spent 25% of what it set aside.

Purchase of Property Plant and Equipment of the Company including its subsidiaries and associates
0%
of what was set aside
Long Term and Short Term Working Capital Requirement of the Company including its subsidiaries
36%
of what was set aside
General Corporate Purpose
50%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.