Commerl. Synbags

NSE: COMSYN · Packaging

52W Range₹127 ₹225

Snapshot

Unlock Commerl. Synbags's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Commercial Syn Bags Limited is an Indian manufacturer and exporter specialising in diverse packaging solutions, including flexible intermediate bulk containers, woven sacks, and technical textiles. The company operates through manufacturing and trading segments, serving sectors ranging from agriculture and construction to waste management.

Business Model

The company generates revenue through the production and sale of branded packaging products like TIGER TARPAULIN and COMSYN SWAJAL, alongside the trading of plastic granules and resins. It leverages a diversified product portfolio to cater to both domestic and international markets across the EU, UK, US, and Latin America.

Growth Outlook

Growth is driven by the expansion of technical textile applications and the increasing demand for specialised bulk packaging solutions in global markets. The company continues to leverage its established brand presence to penetrate diverse industrial and agricultural sectors.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of polymers and petrochemical-based raw materials can significantly impact manufacturing margins.
  • Foreign Exchange Risk. As a significant exporter to the EU, UK, and US, the company is exposed to currency volatility affecting export realisations.
  • Regulatory and Trade Barriers. Changes in international trade policies or environmental regulations regarding plastic packaging in export markets could restrict market access.
  • Competitive Intensity. The packaging industry is highly fragmented, leading to intense price competition from both domestic and international manufacturers.

Price

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Key Metrics

REVENUE

₹387 Cr

TTM · consolidated

+11.3%YoY

NET PROFIT

₹26 Cr

TTM · consolidated

+53.7%YoY

EPS

₹6.59

TTM · consolidated

+54.0%YoY

RETURN ON EQUITY

16.8%

TTM · consolidated

+4.0 ppYoY

RETURN ON CAPITAL EMPLOYED

20.5%

TTM · consolidated

+3.1 ppYoY

P/E

28.5x

Q4 FY26 · consolidated

28.5 vs 50.6x5Y avg

EV/EBITDA

17.3x

Q4 FY26 · consolidated

17.3 vs 26.7x5Y avg

EBITDA MARGIN

13.1%

TTM · consolidated

+1.7 ppYoY

NET PROFIT MARGIN

6.3%

Q4 FY26 · consolidated

-2.0 ppYoY

DEBT TO EQUITY

0.7x

Q4 FY26 · consolidated

-0.03xYoY

Peers · Packaging

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Commerl. SynbagsCOMSYN
61328.5017.3311.3%13.1%16.8%20.5%+45.5%
Sh. Rama Multi.SHREERAMA
65323.9413.0816.0%18.5%15.6%19.2%-3.4%
Arrow GreentechARROWGREEN
56922.1313.95-17.6%36.5%23.7%32.2%+8.4%
Nahar PolyNAHARPOLY
5567.865.335.7%18.6%9.6%10.8%-29.0%
Sh. Jagdamba PolSHRJAGP
52111.276.4620.0%13.6%21.4%-45.8%
Pyramid TechnoplPYRAMID
51821.0213.5115.1%8.7%11.3%15.3%-5.0%

As of Q4 FY26

Financials