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Commercial Syn Bags Limited
(COMSYN)
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Rating:59Neutral
Price Target:
₹315.00
▲(103.16% Upside)
Action:Reiterated
Date:08/11/26
The score is held back primarily by weak cash-flow quality (persistent negative free cash flow) and margin risk (notable 2026 gross margin compression), despite improving profitability and a less-leveraged balance-sheet trend. Technicals are supportive with a strong uptrend, while valuation is mixed due to a high P/E offset by a very high dividend yield.
Positive Factors
Revenue Expansion
The multi-year increase in revenue indicates that the company has expanded its business scale and retained demand for its packaging products. A strong 2026 rebound provides a broader base for future operating leverage, although sustained execution will determine how durable the growth becomes.
Negative Factors
Persistent Negative Free Cash Flow
Repeated negative free cash flow indicates that reported profitability is not consistently converting into cash available for debt reduction, reinvestment, or shareholder returns. If this pattern persists, the company may have less flexibility to fund growth and absorb operating or working-capital demands.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Expansion
The multi-year increase in revenue indicates that the company has expanded its business scale and retained demand for its packaging products. A strong 2026 rebound provides a broader base for future operating leverage, although sustained execution will determine how durable the growth becomes.
Read all positive factors
Commercial Syn Bags Limited (COMSYN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.17B
Dividend Yield0.13%
Average Volume (3M)42.02K
Price to Earnings (P/E)40.5
Beta (1Y)0.49
Revenue Growth12.22%
EPS Growth42.84%
CountryIN
Employees2,437
SectorGeneral
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)7.41
Shares Outstanding40,339,200
10 Day Avg. Volume37,212
30 Day Avg. Volume42,020
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)3.44
Price to Sales (P/S)1.58
P/FCF Ratio-99.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Commercial Syn Bags Limited Business Overview & Revenue Model
Company Description
Commercial Syn Bags Limited, an Indian enterprise, specializes in delivering comprehensive packaging solutions for businesses, with operations encompassing manufacturing, production, processing, import, export, purchase, and sale. The company oper...
How the Company Makes Money
COMSYN primarily makes money by manufacturing and selling synthetic woven packaging products (e.g., PP/HDPE woven bags/sacks) to businesses that require bulk packaging for storage and transportation. Key revenue streams typically include: (1) sale...
Commercial Syn Bags Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
64
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.06B | 3.87B | 3.48B | 2.88B | 2.90B | 3.23B |
| Gross Profit | 1.15B | 1.09B | 1.64B | 1.28B | 1.26B | 1.10B |
| EBITDA | 545.83M | 506.29M | 395.91M | 295.63M | 244.63M | 365.07M |
| Net Income | 297.01M | 263.22M | 171.21M | 78.58M | 80.87M | 183.08M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.58B | 3.08B | 2.73B | 2.26B | 2.22B |
| Cash, Cash Equivalents and Short-Term Investments | 56.68M | 56.68M | 67.80M | 4.64M | 620.00K | 6.73M |
| Total Debt | 0.00 | 1.29B | 1.15B | 1.09B | 755.34M | 839.05M |
| Total Liabilities | -1.78B | 1.81B | 1.58B | 1.44B | 1.06B | 1.16B |
| Stockholders Equity | 1.78B | 1.78B | 1.50B | 1.29B | 1.21B | 1.06B |
Cash Flow | ||||||
| Free Cash Flow | 164.34M | -61.46M | -83.83M | -63.79M | -52.19M | -121.24M |
| Operating Cash Flow | 243.78M | 340.23M | 10.17M | 60.95M | 376.05M | 63.09M |
| Investing Cash Flow | -135.42M | -481.40M | -2.10M | -288.09M | -298.77M | -74.77M |
| Financing Cash Flow | -118.20M | 137.23M | 3.78M | 231.15M | -83.38M | -5.38M |
Commercial Syn Bags Limited Technical Analysis
Positive
155.05
Price Trends
230.30
Positive
193.88
Positive
174.10
Positive
Market Momentum
21.00
Positive
74.80
Negative
77.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:COMSYN, the sentiment is Positive. The current price of 155.05 is below the 20-day moving average (MA) of 286.95, below the 50-day MA of 230.30, and below the 200-day MA of 174.10, indicating a bullish trend. The MACD of 21.00 indicates Positive momentum. The RSI at 74.80 is Negative, neither overbought nor oversold. The STOCH value of 77.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:COMSYN.
Commercial Syn Bags Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹6.12B | 13.20 | ― | 0.84% | 9.69% | 125.91% | |
68 Neutral | ₹5.60B | 18.65 | ― | 1.39% | 25.92% | 22.48% | |
64 Neutral | ₹6.02B | 8.27 | ― | 0.61% | -3.96% | 26.16% | |
59 Neutral | ₹12.17B | 40.49 | ― | 0.13% | 12.22% | 42.84% | |
58 Neutral | ₹5.61B | 17.72 | ― | 0.33% | 19.00% | 16.07% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:COMSYN
Commercial Syn Bags Limited
301.80
146.70
94.58%
IN:KANPRPLA
Kanpur Plastipack Limited
250.15
31.02
14.16%
IN:NAHARPOLY
Nahar Poly Films Limited
245.00
-43.27
-15.01%
IN:PYRAMID
Pyramid Technoplast Ltd.
152.40
-22.94
-13.08%
IN:TIRUPATI
Shree Tirupati Balajee FIBC Ltd.
308.00
-221.30
-41.81%
IN:TPLPLASTEH
TPL Plastech Limited
71.81
-3.22
-4.29%
Commercial Syn Bags Limited Corporate Events
Commercial Syn Bags Secures Leadership Continuity With Director Reappointments
Sep 5, 2026
Commercial Syn Bags Limited has reaffirmed its leadership structure in the plastic packaging industry by extending the tenure of key executive directors. The board, acting on the nomination and remuneration committee’s recommendation, has mo...
Commercial Syn Bags files June-quarter unaudited results; auditors issue clean review
Aug 8, 2026
Commercial Syn Bags Limited reported its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, which were reviewed by its statutory auditors and approved by the Audit Committee and Board on August 8, 2026. Th...
Commercial Syn Bags Nears Commissioning of Expanded Techtex Capacity
Jun 27, 2026
Commercial Syn Bags Limited has reported progress on its ongoing capacity expansion program, particularly at its Techtex unit located in the Indore Special Economic Zone at Pithampur Phase-II in Madhya Pradesh. The company said it is in the final ...
Commercial Syn Bags to Freeze Insider Trading Ahead of June-Quarter Results
Jun 24, 2026
Commercial Syn Bags Limited has announced the closure of its trading window for all designated persons, including promoters, directors, key managerial personnel, employees, connected persons and their immediate relatives, from July 1, 2026 until 4...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.