Commercial Syn Bags Limited (IN:COMSYN)
:COMSYN
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Commercial Syn Bags Limited
(COMSYN)
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Rating:55Neutral
Price Target:
₹174.00
▲(12.22% Upside)
Action:Reiterated
Date:06/04/26
The score is held back primarily by weak cash-flow quality (consistently negative free cash flow) despite improved scale and profitability and a more manageable leverage profile. Technicals are neutral-to-soft, while valuation is a partial offset due to a moderate P/E and a strong dividend yield.
Positive Factors
Revenue Growth & Scale
Sustained revenue expansion to nearly double top-line over five years indicates stronger market penetration and scale in the flexible packaging market. Larger scale supports unit-cost advantages, strengthens supplier/customer negotiating power, and underpins durable capacity to win large contract volumes.
Negative Factors
Consistently Negative Free Cash Flow
Persistent negative free cash flow despite improved earnings signals weak cash conversion and potential working-capital or reinvestment drain. Over 2–6 months this limits financial flexibility, raises reliance on external financing, and increases vulnerability if margins or demand soften.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Scale
Sustained revenue expansion to nearly double top-line over five years indicates stronger market penetration and scale in the flexible packaging market. Larger scale supports unit-cost advantages, strengthens supplier/customer negotiating power, and underpins durable capacity to win large contract volumes.
Read all positive factors
Commercial Syn Bags Limited (COMSYN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.85B
Dividend Yield0.27%
Average Volume (3M)1.66K
Price to Earnings (P/E)25.7
Beta (1Y)0.40
Revenue Growth11.27%
EPS Growth53.80%
CountryIN
Employees2,437
SectorConsumer Goods
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)6.40
Shares Outstanding40,339,200
10 Day Avg. Volume1,482
30 Day Avg. Volume1,664
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 sacks/bags) to customers that use bulk packaging for storage, handling, and transportation of goods. Revenue is generated from (1) sa...
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 | 3.73B | 3.87B | 3.48B | 2.88B | 2.90B | 3.23B |
| Gross Profit | 1.53B | 1.09B | 1.64B | 1.28B | 1.26B | 1.10B |
| EBITDA | 482.94M | 480.05M | 395.91M | 295.63M | 244.63M | 365.07M |
| Net Income | 255.66M | 263.22M | 171.21M | 78.58M | 80.87M | 183.08M |
Balance Sheet | ||||||
| Total Assets | 3.16B | 3.58B | 3.08B | 2.73B | 2.26B | 2.22B |
| Cash, Cash Equivalents and Short-Term Investments | 53.99M | 56.68M | 67.80M | 4.64M | 620.00K | 6.73M |
| Total Debt | 1.09B | 1.29B | 1.15B | 1.09B | 755.34M | 839.05M |
| Total Liabilities | 1.53B | 1.81B | 1.58B | 1.44B | 1.06B | 1.16B |
| Stockholders Equity | 1.62B | 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
155.29
Positive
159.02
Positive
153.69
Positive
Market Momentum
3.13
Negative
82.88
Negative
89.64
Negative
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 156.46, below the 50-day MA of 155.29, and above the 200-day MA of 153.69, indicating a bullish trend. The MACD of 3.13 indicates Negative momentum. The RSI at 82.88 is Negative, neither overbought nor oversold. The STOCH value of 89.64 is Negative, 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 (57)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹5.05B | 17.95 | ― | 1.49% | 20.96% | 23.12% | |
70 Outperform | ₹4.65B | 11.39 | ― | 0.52% | 13.99% | 228.38% | |
57 Neutral | ₹1.30B | 7.82 | ― | ― | 0.74% | 148.60% | |
57 Neutral | $3.13B | 9.23 | -34.32% | 3.14% | -25.56% | -353.61% | |
55 Neutral | ₹6.85B | 25.75 | ― | 0.27% | 11.27% | 53.80% | |
45 Neutral | ₹1.61B | 20.32 | ― | 0.29% | 12.71% | 18.94% |
* Consumer Goods Sector Average
IN:COMSYN
Commercial Syn Bags Limited
170.30
44.98
35.89%
IN:EMMBI
Emmbi Industries Limited
84.50
-29.92
-26.15%
IN:KANPRPLA
Kanpur Plastipack Limited
186.50
-1.99
-1.06%
IN:RPPL
Rajshree Polypack Ltd.
18.05
-9.24
-33.86%
IN:TPLPLASTEH
TPL Plastech Limited
66.64
-14.88
-18.25%
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.