Commercial Syn Bags
- Market cap
- ₹ 849 Cr.
- P/E
- 29.7x
- P/B
- 5.25x
- 52-week range
- 136.44 – 315.4
- ROE
- 17%
- ROCE
- 15%
- Dividend yield
- 0.2%
- Debt / equity
- 0.72
- Sector
- Industrial Products
- Industry
- Packaging
- Listed on
- NSE, BSE
About
Commercial Syn Bags Limited is an India-based company, which provides bulk packaging solutions. The Company's segments include Manufacturing and Other Segments. The Company is engaged in the manufacturing and selling of flexible intermediate bulk container (FIBC), bulk bags, poly tarpaulin, woven sacks/bags, box bags, polypropylene/high density polyethylene (PP/HDPE) fabric, liner, flexible packaging and geotextiles, ground covers, nets, and other technical textiles products. Its FIBC products include clean room/food safe, builder, baffle bag, electrostatic, ventilated, one & two Loops, and FIBC Liners. It is also engaged in the trading of granules and solar power generation. Its brands include TIGER TARPAULIN, COMSYN SWAJAL, and COMSYN. It has a customer base in the European Union, the United Kingdom, the United States, and Latin America. It serves various markets, including food, seed and crops, and chemicals.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Packaging: 96 companies →Commercial Syn Bags against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)29.7 against a typical 18: pricier than most peers (1st = cheapest).66th of 95
- Sales growth+21.2% against a typical +22.9% from a year earlier.39th of 74
- Profit growth+91.3% against a typical +25.3% from a year earlier.16th of 68
- Share price, 3 months+6.7% against a typical −3.6%.30th of 87
- Size₹ 848.5 Cr. market value against a typical ₹ 116.3 Cr. (1st = largest).15th of 88
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]BBB | Stable | 30 Jan 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 30 Jan 2026 | Reaffirmed | [ICRA]BBB | — | ICRA | ₹ 141 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 17 Sep 2026 | Other business matters | To consider the conversion of Warrants into the Equity Shares of the Company and other business matters |
| 5 Sep 2026 | Dividend/Fund Raising | To consider dividend and Fund Raising |
| 8 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 30 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 30 Mar 2026 | Other business matters | COMSYN : 30-Mar-2026 : The Company has informed the Exchange that a Board meeting to be held on March 28, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on March 30, 2026, To consider other business matters |
| 28 Mar 2026 | Other business matters | To consider other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 67 | 70 | 69 | 75 | 86 | 84 | 97 | 89 | 97 | 97 | 100 | 108 |
| Expenses | 61 | 66 | 61 | 69 | 79 | 76 | 87 | 79 | 85 | 86 | 89 | 94 |
| Operating Profit | 6 | 3 | 8 | 6 | 7 | 8 | 10 | 10 | 12 | 11 | 11 | 15 |
| OPM % | 9.3% | 4.7% | 11.2% | 7.5% | 7.6% | 9.5% | 10.3% | 11.3% | 12.4% | 11.7% | 11.2% | 13.4% |
| Other Income | 1 | 1 | 2 | 1 | 0 | 1 | 2 | 1 | 1 | 1 | 2 | 1 |
| Interest | 2 | 1 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 2 | 2 | 3 | 3 | 2 | 2 | 0 | 2 | 2 | 2 | 2 | 3 |
| Profit before tax | 3 | 0 | 5 | 1 | 3 | 4 | 10 | 6 | 9 | 8 | 9 | 11 |
| Tax % | 29.4% | 73.9% | 37.7% | 25.9% | 4.8% | 14.6% | 27% | 17.1% | 1.2% | 17.1% | 19.9% | 14.8% |
| Net Profit | 2 | 0 | 3 | 1 | 2 | 3 | 7 | 5 | 9 | 6 | 7 | 10 |
| EPS in Rs | 0.45 | 0.01 | 0.71 | 0.25 | 0.6 | 0.82 | 1.81 | 1.27 | 2.14 | 1.56 | 1.76 | 2.4 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 13%
- 5 Years
- 12%
- 3 Years
- 10%
- TTM
- 13%
- 10 Years
- 16%
- 5 Years
- 17%
- 3 Years
- 49%
- TTM
- 76%
- 10 Years
- 37%
- 5 Years
- 46%
- 3 Years
- 68%
- TTM
- —
- 10 Years
- 14%
- 5 Years
- 12%
- 3 Years
- 12%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Commercial Syn Bags | ₹ 209.05 | ₹ 849 Cr. | 29.7x | 5.3x | 17% | — |
| Arvind | ₹ 482.00 | ₹ 13,095 Cr. | 33x | 3.5x | 10.6% | 4.6% |
| Trident | ₹ 20.48 | ₹ 10,437 Cr. | 34.3x | 2.7x | 8% | 5.6% |
| Garware Technical Fibres | ₹ 740.25 | ₹ 7,202 Cr. | 35.8x | 5.6x | 16.4% | 13.9% |
| Filatex India | ₹ 91.60 | ₹ 4,068 Cr. | 17.3x | 2.1x | 12.9% | 4.4% |
| Nitin Spinners | ₹ 602.30 | ₹ 3,386 Cr. | 17.4x | 2.1x | 12.8% | 5.5% |
Management
- Anil Choudhary
- Chairman of the Board, Managing Director
- Ravindra Choudhary
- Chief Executive Officer
- Abhishek Jain
- Chief Financial Officer and Compliance Officer
- Pramal Choudhary
- Chief Operating Officer
- Hemant Baid
- General Manager – Marketing
- Ranjana Choudhary
- Whole-Time Director
- Virendra Singh Pamecha
- Whole Time Director
- Sandeep Patel
- Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.