Commercial Syn Bags Limited

BSE: COMSYN539986ISIN INE073V01015

Industrials
Packaging
BSE Industrials

Share price

₹232.20+26.60 (+12.94%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹314.00
52W low: ₹137.40
Off 52W high: -26.05%
1M return: -10.90%
3M return: +10.10%
6M return: +51.67%
1Y return: +50.78%
20D avg volume: 19,443
50 DMA: ₹267.40
200 DMA: ₹197.42

Key ratios Consolidated

Market cap: ₹936.68 Cr
Current price: ₹232.20
52W high / low: ₹314.00 / ₹137.40
Face value: ₹10.00
P/E: 32.80
P/B: 5.28
EPS (TTM): ₹7.08
Book value / share: ₹44.00
ROE: —
ROCE: 18.20%
Operating margin: —
Net margin: —
Debt / equity: 0.68
Net debt: ₹119.66 Cr
Interest cover: 4.36
Dividend yield: 0.22%
Dividend / share (TTM): ₹0.50
Payout: 7.06%
Cash conversion cycle: 118.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	109.13	100.56	97.48	98.45	90.51	97.79	86.49	86.65	76.89	69.63	71.07	68.26
	0.80	1.42	0.15	0.36	0.71	2.25	0.13	0.80	0.85	2.27	0.24	0.56
	109.92	101.97	97.63	98.81	91.22	100.04	86.62	87.45	77.74	71.90	71.31	68.82
	98.41	93.84	90.28	90.22	84.65	89.12	82.42	83.55	75.34	66.78	71.51	65.60
	64.21	45.91	46.68	48.56	50.41	47.88	40.36	49.53	45.30	36.62	35.48	41.60
	1.18	1.14	2.32	0.87	1.17	2.20	2.10	1.62	1.10	6.73	2.95	1.56
	18.00	18.05	16.41	16.49	14.35	15.45	14.69	14.38	13.81	13.76	12.94	12.87
	1.99	2.43	2.16	2.10	2.44	2.20	2.74	2.10	2.33	3.08	1.65	2.05
	2.98	2.75	2.73	2.67	2.72	0.52	2.64	2.67	3.00	2.81	2.79	2.71
	18.79	19.75	18.32	17.05	16.73	15.15	17.91	20.81	—	13.92	—	—
	11.51	8.13	7.35	8.59	6.57	10.91	4.20	3.90	2.40	5.12	-0.20	3.22
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	11.51	8.13	7.35	8.59	6.57	10.91	4.20	3.90	2.40	5.12	-0.20	3.22
	2.58	1.79	1.34	0.17	1.02	2.85	0.68	0.30	0.46	1.90	0.06	0.87
	8.93	6.34	6.00	8.42	5.55	8.07	3.52	3.60	1.94	3.21	-0.25	2.35
	2.21	1.59	1.50	2.11	1.39	2.02	0.88	0.90	0.48	0.81	-0.06	0.58
Key metrics
	16.48	13.31	12.24	13.36	11.73	13.63	9.58	8.67	7.73	11.01	4.24	7.98
	15.10%	13.20%	12.60%	13.60%	13.00%	13.90%	11.10%	10.00%	10.10%	15.80%	6.00%	11.70%
	8.20%	6.30%	6.20%	8.60%	6.10%	8.30%	4.10%	4.20%	2.50%	4.60%	-0.40%	3.40%
	—	4.80%	—	5.50%	—	7.10%	—	—	—	—	—	—
	20.60%	2.80%	12.70%	13.60%	17.70%	40.40%	21.70%	26.90%	—	—	—	—
	60.90%	-21.40%	70.50%	133.90%	186.10%	151.40%	1,508.00%	53.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	405.62	387.00	347.82	288.44	290.17	322.59
	2.73	2.62	4.03	3.34	1.62	3.61
	408.33	389.63	351.85	291.78	291.79	326.20
	372.75	358.99	330.44	281.04	282.33	305.01
	205.36	191.55	183.07	158.57	152.94	174.72
	5.51	5.50	7.01	14.97	10.98	17.88
	68.95	65.30	58.33	51.16	44.79	43.29
	8.68	9.12	9.36	8.41	6.14	6.58
	11.13	10.87	8.82	10.93	9.62	9.45
	73.91	71.85	69.65	49.99	—	56.92
	35.58	30.64	21.41	10.74	9.46	21.19
	0.00	0.00	0.00	0.00	0.00	0.00
	35.58	30.64	21.41	10.74	9.46	21.19
	5.88	4.32	4.29	2.88	1.37	2.88
	29.69	26.32	17.12	7.86	8.09	18.31
	7.41	6.59	4.29	1.97	2.08	15.48
Key metrics
	55.39	50.63	39.59	30.08	25.22	37.22
	13.66%	13.10%	11.40%	10.40%	8.70%	11.50%
	7.32%	6.80%	4.90%	2.70%	2.80%	5.70%
	—	18.20%	16.60%	—	—	—
	12.22%	11.30%	20.60%	-0.60%	-10.00%	—
	43.15%	53.70%	117.80%	-2.80%	-55.80%	—
	—	-1.24	-8.38	—	—	—
	—	1.48	0.06	—	—	—
	—	0.68	0.71	—	—	—
	—	119.66	105.21	—	—	—
	—	118.8	113.7	—	—	—
Balance sheet
	—	358.34	307.68	—	—	—
	—	178.34	166.09	—	—	—
	—	0.47	1.65	—	—	—
	—	65.38	46.18	—	—	—
	—	82.54	80.72	—	—	—
	—	24.32	18.51	—	—	—
	—	104.25	99.72	—	—	—
	—	21.90	18.55	—	—	—
	—	139.95	121.78	—	—	—
	—	120.13	106.86	—	—	—
	—	93.42	86.72	—	—	—
	—	26.71	20.14	—	—	—
	—	177.51	150.05	—	—	—
Cash flow
	—	38.93	1.02	—	—	—
	—	-45.31	-0.21	—	—	—
	—	5.20	0.38	—	—	—
	—	40.17	9.40	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	108.30	100.18	96.99	97.44	89.38	97.02	83.84	85.63	75.12	69.11	69.53	67.12
	1.34	2.20	0.70	0.95	0.61	2.45	0.75	0.28	0.51	1.50	0.89	0.55
	109.64	102.38	97.69	98.39	89.99	99.47	84.59	85.92	75.63	70.61	70.42	67.68
	98.27	93.50	90.16	89.75	83.90	89.58	80.76	83.40	74.28	66.06	70.20	65.16
	66.40	44.71	47.19	48.57	49.34	48.56	41.20	47.43	46.74	37.92	34.93	42.18
	1.28	1.50	2.27	0.95	1.12	2.57	2.12	3.71	2.84	5.01	2.64	1.87
	17.38	17.50	15.73	15.84	13.73	14.82	13.78	13.72	13.17	13.09	12.21	12.26
	1.84	2.14	2.05	2.01	2.26	2.16	2.54	1.92	2.14	2.02	1.48	1.86
	2.67	2.44	2.44	2.37	2.40	0.43	2.34	2.36	2.68	2.62	2.45	2.38
	18.92	20.35	18.77	17.00	17.61	15.03	17.80	20.72	—	13.89	—	13.40
	11.37	8.88	7.54	8.64	6.10	9.89	3.83	2.52	1.35	4.56	0.22	2.52
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	11.37	8.88	7.54	8.64	6.10	9.89	3.83	2.52	1.35	4.56	0.22	2.52
	1.69	1.77	1.29	0.10	1.04	2.67	0.56	0.12	0.34	1.72	0.17	0.74
	9.68	7.11	6.25	8.54	5.06	7.23	3.27	2.40	1.00	2.84	0.05	1.78
	2.40	1.78	1.57	2.13	1.27	1.81	0.82	0.60	0.25	0.71	0.01	0.45
Key metrics
	15.88	13.46	12.03	13.02	10.76	12.48	8.71	6.80	6.17	9.20	4.15	6.76
	14.70%	13.40%	12.40%	13.40%	12.00%	12.90%	10.40%	7.90%	8.20%	13.30%	6.00%	10.10%
	8.90%	7.10%	6.40%	8.80%	5.70%	7.50%	3.90%	2.80%	1.30%	4.10%	0.10%	2.70%
	—	5.50%	—	5.80%	—	6.90%	—	—	—	—	—	—
	21.20%	3.30%	15.70%	13.80%	19.00%	40.40%	20.60%	27.60%	—	—	—	—
	91.30%	-1.70%	91.10%	255.80%	406.00%	154.60%	6,440.00%	34.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	402.91	383.99	341.61	285.56	291.48	321.58
	5.19	4.46	3.99	3.20	2.74	4.48
	408.10	388.45	345.60	288.76	294.22	326.06
	371.68	357.29	328.02	278.88	284.75	305.18
	206.87	189.81	183.94	162.55	158.77	177.77
	6.00	5.84	11.24	13.01	11.55	17.88
	66.45	62.79	55.50	48.59	42.42	41.08
	8.04	8.46	8.76	6.80	5.33	5.78
	9.92	9.65	7.81	9.66	8.35	8.21
	75.04	73.73	69.13	49.56	58.15	57.96
	36.43	31.15	17.59	9.88	9.47	20.88
	0.00	0.00	0.00	—	—	—
	36.43	31.15	17.59	9.88	9.47	20.88
	4.85	4.20	3.69	2.63	1.38	2.70
	31.58	26.96	13.90	7.25	8.09	18.18
	7.88	6.75	3.48	1.81	2.08	15.37
Key metrics
	54.39	49.26	34.16	26.34	23.15	34.87
	13.50%	12.80%	10.00%	9.20%	7.90%	10.80%
	7.84%	7.00%	4.10%	2.50%	2.80%	5.70%
	—	19.60%	15.00%	—	—	—
	13.22%	12.40%	19.60%	-2.00%	-9.40%	—
	75.84%	94.00%	91.70%	-10.40%	-55.50%	—
	—	11.79	0.21	—	—	—
	—	1.21	0.58	—	—	—
	—	0.63	0.63	—	—	—
	—	109.78	91.02	—	—	—
	—	116.1	111.7	—	—	—
Balance sheet
	—	333.26	282.63	—	—	—
	—	172.43	161.56	—	—	—
	—	0.38	1.61	—	—	—
	—	65.09	43.16	—	—	—
	—	78.17	79.56	—	—	—
	—	23.17	18.19	—	—	—
	—	84.36	82.70	—	—	—
	—	21.13	18.18	—	—	—
	—	131.13	107.04	—	—	—
	—	110.16	92.63	—	—	—
	—	90.76	73.11	—	—	—
	—	19.40	19.52	—	—	—
	—	173.83	145.94	—	—	—
Cash flow
	—	32.49	8.04	—	—	—
	—	-43.66	1.25	—	—	—
	—	9.94	-8.12	—	—	—
	—	20.70	7.83	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +9.62%
Sales CAGR 5Y: —
Profit CAGR 3Y: +49.37%
Profit CAGR 5Y: —
Sales YoY (TTM): +13.22%
Profit YoY (TTM): +75.84%

Consolidated

Sales CAGR 3Y: +10.07%
Sales CAGR 5Y: —
Profit CAGR 3Y: +48.18%
Profit CAGR 5Y: —
Sales YoY (TTM): +12.22%
Profit YoY (TTM): +43.15%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 60.75%

Quarter	September 2026	June 2026
Promoter %	60.75%	60.75%

Holder	Type	Holding	Previous	Change
SUPER SACK PRIVATE LIMITED	Promoter	25.28%	25.28%	0.00%
PRAVI INVESTMENTS LLP	Promoter Group	5.24%	5.24%	0.00%
MOHAN LAL CHOUDHARY	Promoter	5.17%	5.17%	0.00%
ANIL CHOUDHARY	Promoter	4.88%	4.88%	0.00%
PRAAVANYA VENTURES LLP	Public	3.76%	3.76%	0.00%
VEENAL CHOUDHARY	Promoter Group	3.72%	3.72%	0.00%
PRAMAL CHOUDHARY	Promoter Group	3.51%	3.51%	0.00%
ANIL CHOUDHARY HUF	Promoter Group	3.37%	3.37%	0.00%
RAVINDRA CHOUDHARY	Promoter Group	3.35%	3.35%	0.00%
Shambhudayal Garg	Public	2.83%	2.83%	0.00%
RAVINDRA KUMAR MOHAN LAL CHOUDHARY HUF	Promoter Group	1.92%	1.92%	0.00%
CITADEL SECURITIES INDIA MARKETS PVT LTD	Public	1.86%	—	—
L7 HITECH PRIVATE LIMITED	Public	1.78%	2.18%	-0.40%
VIDHYA CHOUDHARY	Promoter Group	1.60%	1.60%	0.00%
Ranjana Choudhary	Public	1.58%	1.58%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
EPL LIMITED	7,186	223.95	18.28	16.80%	+21.90% TTM	-4.65% TTM	+10.57%
AGI GREENPAC LIMITED	4,250	656.85	12.05	18.20%	+6.19% TTM	+0.21% TTM	-19.59%
Uflex Limited	4,198	581.30	6.15	8.00%	+10.36% TTM	+128.29% TTM	+8.24%
TCPL Packaging Limited	4,123	4,531.15	35.70	20.30%	+5.43% TTM	-13.56% TTM	+36.69%
JINDAL POLY FILMS LIMITED	3,059	698.60	-3.09	-17.10%	-58.49% TTM	-4,451.01% TTM	+24.89%
Polyplex Corporation Ltd.	2,883	918.30	10.61	1.00%	+9.55% TTM	+35.38% TTM	-2.79%
Xpro India Ltd.	2,588	1,102.75	74.18	3.40%	+12.17% TTM	+157.75% TTM	-0.55%
KNACK PACKAGING LIMITED	2,296	187.60	—	—	—	—	—
Mold-Tek Packaging Limited S	2,195	330.35	13.45	14.20%	+19.84% TTM	+20.42% TTM	-5.07%
Cosmo First Limited	2,094	797.55	9.57	10.80%	+41.30% TTM	+49.60% TTM	-9.65%
HUHTAMAKI INDIA LIMITED S	1,633	216.25	12.62	—	+11.70% TTM	+29.94% TTM	-12.47%
Arrow Greentech Limited	1,158	767.55	18.12	27.40%	+12.75% TTM	+18.91% TTM	+30.42%
Dhunseri Ventures Limited	949	270.95	4.96	-0.10%	-23.39% TTM	+32.93% TTM	-18.08%
Commercial Syn Bags Limited	937	232.20	32.80	18.20%	+12.22% TTM	+43.15% TTM	+50.78%
Ester Industries Ltd.	925	88.70	42.20	3.20%	+14.85% TTM	+470.83% TTM	-20.05%
Oricon Enterprises Ltd.	899	57.23	31.07	2.60%	-72.18% TTM	-79.84% TTM	-0.54%
Haldyn Glass Limited	708	131.75	23.89	11.90%	+18.93% TTM	+55.02% TTM	+37.35%
Hitech Corporation Limited	704	410.00	40.13	10.60%	+20.12% TTM	+79.08% TTM	+112.93%
Shree Rama Multi-tech Ltd. S	627	46.96	24.46	17.90%	+22.55% TTM	-54.52% TTM	-17.13%
Shri Jagdamba Polymers Ltd S	622	709.80	13.11	17.10%	-8.73% TTM	-7.89% TTM	-12.54%
SUBAM PAPERS LIMITED	617	224.50	—	5.30%	—	—	+52.20%
Kanpur Plastipack Limited	607	248.00	11.36	19.60%	+17.73% TTM	+117.32% TTM	+19.60%
Nahar Polyfilms Ltd.	583	237.10	6.91	10.50%	+7.93% TTM	+39.08% TTM	-24.60%
Pyramid Technoplast Limited S	545	148.10	17.38	12.90%	+19.00% TTM	+16.06% TTM	-8.01%
TPL Plastech Limited	521	66.78	17.29	23.50%	+25.92% TTM	+22.45% TTM	-5.25%

Filings & corporate actions

Recent announcements

.10 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
.10 Oct 2026 · AGM/EGM / AGM
.1 Oct 2026 · Company Update / Change in Management
We are pleased to inform you that members of the company at their 42nd AGM held on 29-09-2026 have approved for the payment of final dividend @ Rs. 0.50 on the equity shares of Rs. 10 each.1 Oct 2026 · Corp Action / Dividend Updates
We are pleased to submit the outcome of 42nd Annual general Meeting of the companyalong with considered and approved resolutions.1 Oct 2026 · AGM/EGM / AGM
We are pleased to submit Voting Results and Scrutinizer Report of 42nd AGM of the Company.1 Oct 2026 · AGM/EGM / AGM
We are pleased to submit the proceedings of 42nd AGM of the Company.29 Sep 2026 · AGM/EGM / AGM
The window for trading in the shares of the company shall remain close from1st October, 2026 till the completion of 48 hours from the announcement of unaudited standalone and consolidated ....25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of newspaper clipping of corrigendum to the Notice of 42nd AGM.23 Sep 2026 · Company Update / Newspaper Publication
The company is hereby submits corrigendum to the Notice of 42nd AGM to be held on 29th September, 2026.22 Sep 2026 · AGM/EGM / AGM
We would like to inform that the Board of Directors at the aforesaid Board meeting have decided and approved the following businesses. 1. Allotment of 16,13,000 (Sixteen Lakhs Thirteen ....17 Sep 2026 · Board Meeting / Outcome of Board Meeting
The window for trading in shares of the company shall remain close from 14th September, 2026 till the completion of 48 hours from the announcement of the outcome of board meeting to be ....14 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Commercial Syn Bags Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/09/2026 ,inter alia, to consider and approve the following businesses ....14 Sep 2026 · Board Meeting / Board Meeting
.9 Sep 2026 · Company Update / General
We enclosed herewith copy of newspaper clipping of Notice of 42nd AGM.7 Sep 2026 · Company Update / Newspaper Publication
Pursuant to provisions of regulation 34(1) of the SEBI (LODR) Regulations, 2015 related submission of 42nd Annual General Meeting of the Company to be held on Tuesday, 29th September, 2026 ....7 Sep 2026 · Others / Reg. 34 (1) Annual Report
We are pleased to submit the Notice of 42nd Annual General Meeting of the Company to be held on 29th September, 2026.7 Sep 2026 · AGM/EGM / AGM
Record Date shall be 22nd September, 2026.5 Sep 2026 · Corp. Action / Record Date
.5 Sep 2026 · AGM/EGM / AGM
Record Date shall be 22nd September, 2026 for the purpose of ascertain the entitlement for payment of Dividend.5 Sep 2026 · Corp Action / Dividend Updates
Recommendation of Final Dividend @ Rs. 0.50/- (i.e. 5%) per shares on the equity share of Rs. 10 each of the company for the financial yera 2025-26.5 Sep 2026 · Corp. Action / Dividend
Pursent to Regulation 30 of SEBI(LODR) Regulations, 2015 we hereby inform that Board in ith meeting has approved the reappointment of Directors subject to approval of shareholders at the ensuring AGM.5 Sep 2026 · Company Update / Change in Management
Pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015, and schedule III of the said regulations we would like to inform you that 3/2026-27 meeting of the Board of Directors was held ....5 Sep 2026 · Board Meeting / Outcome of Board Meeting
The window for trading in the shares of company shall remain close from 1st September, 2026 till the completion of 48 hours from the announcement of the outcome of Board meeting to be ....1 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
To consider and recommend final dividend, if any.1 Sep 2026 · Corp Action / Dividend/AGM
Commercial Syn Bags Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/09/2026 ,inter alia, to consider and approve the following businesses as attached.1 Sep 2026 · Board Meeting / Board Meeting
We are please to submit the copy of extract of Newspaper.10 Aug 2026 · Company Update / Newspaper Publication
We are pleased to submit Standalone and Consolidated Un-audited Financial Results for quarter ended on 30th June, 2026.8 Aug 2026 · Result / Financial Results
Pursuant to Regulation 30 and 33 of SEBI (LODR) Regulations, 2015 we are pleased to submit Standalone and Consolidated Unaudited Financial Results for the Quarter ended 30th June, 2026 ....8 Aug 2026 · Board Meeting / Outcome of Board Meeting
the following businesses along with other routine businesses: 1. To consider and approve the Un-Audited Standalone and Consolidated Financial Results of the Company for the quarter ended ....5 Aug 2026 · Board Meeting / Board Meeting
We are pleased to inform that commercial production of expended manufacturing Unit-Techtex has started from 22nd July, 2026.22 Jul 2026 · Company Update / General
We are pleased to inform you that the company has successfully completed machine testing and commenced trial run of the expended manufacturing facility.15 Jul 2026 · Company Update / General
We hereby submit the certificate received from RTA for the quarter ended on 30th June, 2026 confirming that the regulation 74(5) of SEBI (Depositaries and Participants) Regulations, 2018 ....9 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We wish to inform you that Company is in the final stage of commisioning the expended manufecturing capacity of Unit- Techtex. The trail run is expected to commence on or before 15th July, 2026.27 Jun 2026 · Company Update / General
The window for trading in the shares of the Company shall remain close from 1st July, 2026 till the 48 hours from the announcement of unaudited standalone and consolidated financial results ....24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
We are pleased to submit the copy of extract on newspaper clipping of standalone and consolidated audited financial results for the quarter/year ended on 31st March, 2026.1 Jun 2026 · Company Update / Newspaper Publication
.30 May 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Standalone and Consolidated Audited Financial Results as on 31st March, 202630 May 2026 · Result / Financial Results
Pursuant to Regulation 33(3)(d) of the SEBI (LODR) Regulation, 2015, we are pleased to submit the Standalone and Consolidated Audited Financial Results along with Auditors' Report and Statement ....30 May 2026 · Board Meeting / Outcome of Board Meeting
We hereby submit the Annual Secretarial Compliance Report for the year ended on 31st March, 2026.27 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.5000	22 Sep 2026	22 Sep 2026	—
Final Dividend - Rs. - 0.4000	22 Sep 2025	22 Sep 2025	—

Board meetings

8 Aug 2026 Board Meeting - Financial Results