Commercial SYN Bags Ltd
NSE: COMSYN · Packaging · sector
₹208.45NSE close 2026-10-26
Key numbers
Market cap₹841 cr
Price₹208.45
52w high / low₹315 / ₹136
P/E28.1xSector median 16.2x
P/B4.7xSector median 1.4x
Book value₹44.0
Dividend yield0.19%Sector median 0.58%
ROE18.1%Sector median 9.8%
ROCE14.9%Sector median 11.6%
OPM13.0%Sector median 9.2%
Debt / equity0.68xSector median 0.39x
EV/EBITDA18.1xSector median 7.7x
Interest cover5.1x
Current ratio1.27x
Sales growth 3y–Sector median +4.7%
Profit growth 3y–Sector median +0.8%
PEG0.65x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 63 companies in Packaging (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹6 cr vs borrowings ₹120 cr (FY26): borrowings are higher by ₹114 cr.
- Operating profit covered interest 5.1x in the last 12 months.
- Promoter holding rose by 1.96 percentage points in a year, to 60.75% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 3 years (FY25, FY24).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 9% of net profit in the last 12 months.
- Dividend paid in 1 of the last 3 financial years.
- Price ₹208.45 on 2026-10-26: -33.9% from the 52-week high, +52.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹302.65 · low ₹58.70
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 87 | 86 | 98 | 91 | 98 | 97 | 101 | 109 |
| EBITDA | 8 | 9 | 11 | 11 | 13 | 12 | 12 | 16 |
| OPM % | 9.1% | 10.9% | 11.6% | 12.2% | 13.2% | 12.4% | 11.8% | 14.4% |
| Other income | 1 | 0 | 2 | 1 | 0 | 0 | 1 | 1 |
| Net profit | 4 | 4 | 8 | 6 | 8 | 6 | 6 | 9 |
| EPS (₹) | 0.90 | 0.88 | 2.02 | 1.39 | 2.11 | 1.50 | 1.59 | 2.21 |
| Revenue YoY | +13.6% | +12.7% | +2.8% | +20.6% | ||||
| Profit YoY | +133.9% | +70.5% | -21.4% | +60.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 288 | 348 | 387 | 406 |
| EBITDA | 27 | 36 | 48 | 53 |
| Net profit | 8 | 17 | 26 | 30 |
| EPS (₹) | 3.94 | 4.29 | 6.59 | 7.41 |
| Revenue growth | +20.6% | +11.3% | +12.2% | |
| Profit growth | +117.8% | +53.7% | +43.2% | |
| Dividend / share (₹) | – | – | 0.40 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +12.2% |
| Net profit | – | – | +43.2% |
| EPS | – | – | – |
| Share price | – | +97.1% (2y) | +52.5% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 129 | 150 | 178 |
| Borrowings | 101 | 107 | 120 |
| Cash & equivalents | 5 | 6 | 6 |
| Total assets | 273 | 308 | 358 |
| Fixed assets | 108 | 100 | 104 |
| Capital work in progress | 0 | 2 | 26 |
| Investments | 22 | 23 | 24 |
| Receivables | 42 | 46 | 65 |
| Inventory | 72 | 81 | 83 |
| Payables | 17 | 19 | 22 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | 6 | 1 | 39 |
| Cash from investing | -29 | -0 | -45 |
| Cash from financing | 23 | 0 | 5 |
| Capex | 12 | 9 | 40 |
| Free cash flow | -6 | -8 | -1 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 6.1% | 11.4% | 14.8% |
| ROCE % | 8.3% | 12.0% | 13.4% |
| Debtor days | 54 | 48 | 62 |
| Inventory days | 164 | 160 | 149 |
| Payable days | 39 | 37 | 40 |
| Cash conversion cycle (days) | 179 | 171 | 171 |
| Working capital days | 34 | 47 | 36 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 60.75% |
| FIIs | 2.32% |
| DIIs | 0.05% |
| Public (non-institutions) | 36.87% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.79% | 58.79% | 58.79% | 59.18% | 59.18% | 59.18% | 60.75% | 60.75% |
| Promoter group | % |
|---|---|
| Super Sack Private Limited | 25.28% |
| Pravi Investments LLP | 5.24% |
| Mohan LAL Choudhary | 5.17% |
| Anil Choudhary | 4.88% |
| Veenal Choudhary | 3.72% |
| Pramal Choudhary | 3.51% |
| Anil Choudhary HUF | 3.37% |
| Ravindra Choudhary | 3.35% |
| Ravindra Kumar Mohan LAL Choudhary HUF | 1.92% |
| Vidhya Choudhary | 1.60% |
| Munni Devi Choudhary | 1.08% |
| Mangilal Mohan LAL HUF | 1.00% |
| Ashay Choudhary | 0.30% |
| HEM Lata Choudhary | 0.19% |
| Pramal Choudhary (HUF) | 0.14% |
| Public holders above 1% | % |
|---|---|
| Praavanya Ventures LLP | 3.76% |
| Shambhudayal Garg | 2.83% |
| Citadel Securities India Markets PVT Ltd | 1.86% |
| L7 Hitech Private Limited | 1.78% |
| Ranjana Choudhary | 1.58% |
| Crabel Vintrade Private Limited | 1.31% |
| Arihant Capital Markets Limited | 1.11% |
| Anant Wealth Consultants | 1.04% |
| Tradeflow Dynamics Private Limited | 1.01% |
5,650 shareholders. Pledged: – of promoter shares.
Peers in Packaging
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| EPL | ₹7,100 cr | 18.3x | 2.5x | 14.9% | 17.0% | 19.3% | +8.8% | 2.25% |
| AGI | ₹4,590 cr | 12.7x | 1.9x | 16.1% | 19.6% | 22.5% | +5.3% | 0.98% |
| UFLEX | ₹4,111 cr | 6.0x | 0.5x | 8.8% | 8.9% | 13.5% | +1.6% | 0.53% |
| TCPLPACK | ₹3,649 cr | 31.6x | 5.1x | 16.9% | 17.8% | 15.3% | +7.9% | 0.75% |
| JINDALPOLY | ₹2,976 cr | – | 1.0x | -27.6% | -17.5% | -78.1% | -14.4% | 0.87% |
| POLYPLEX | ₹2,943 cr | 18.9x | 0.7x | 3.9% | 6.9% | 7.8% | -2.5% | 1.55% |
| XPROINDIA | ₹2,278 cr | 69.0x | 3.0x | 4.8% | 5.2% | 9.3% | -0.4% | 0.20% |
| KNACK | ₹2,038 cr | – | – | – | – | – | – | – |
| MOLDTKPAC | ₹1,928 cr | 25.3x | 2.8x | 11.4% | 13.4% | 19.1% | +6.7% | 0.69% |
| COMSYN | ₹841 cr | 28.1x | 4.7x | 18.1% | 14.9% | 13.0% | – | 0.19% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Segment -A Manufacturing | ₹384 cr | 99.3% | ₹47 cr | 12.3% |
| Segment-B other Segment | ₹3 cr | 0.7% | ₹3 cr | 118.3% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-22 | Dividend | Dividend - Re 0.50 Per Share |
| 2025-09-22 | Dividend | Dividend - Re 0.40 Per Share |
| 2024-09-23 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Packaging |
| Sub-industry | Packaging |
| Symbol | COMSYN |
| BSE code | 539986 |
| ISIN | INE073V01015 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.