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Swing Capital

Commercial Syn Bags Ltd

NSE: COMSYN BSE: 539986

Incorporated in 1984, Commercial Syn Bags Ltd manufactuers and exports containers and packaging materials[1]

₹153
52W: ₹101 — ₹200
PE 22.8 · Book ₹39.5 · +287% vs book
Market Cap₹617 Cr
Stock P/E22.8Price to Earnings
ROCE11.4%Return on Capital
ROE10.3%Return on Equity
Div. Yield0.26%Face Value ₹10

Weaknesses

  • −Stock is trading at 3.87 times its book value
  • −Company has a low return on equity of 7.96% over last 3 years.
  • −Dividend payout has been low at 3.83% of profits over last 3 years

Shareholding Pattern

Promoters59.18%
FIIs0.17%
DIIs0.09%
Public40.56%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.79%58.79%58.79%58.79%58.79%58.79%58.79%59.18%▲0.4
FIIs0%0%0%0%0.24%▲0.20.11%▼0.10%▼0.10.17%▲0.2
DIIs0%0%0%0%0%0%0%0.09%▲0.1
Public41.21%41.22%▲0.041.22%41.21%▼0.040.96%▼0.341.1%▲0.141.21%▲0.140.56%▼0.6

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales67.1269.5469.1275.1285.6383.8497.0289.3897.4496.99
Expenses60.9166.2761.4169.4679.1175.8886.9979.2485.3785.66
Operating Profit6.213.277.715.666.527.9610.0310.1412.0711.33
OPM %9.25%4.7%11.15%7.53%7.61%9.49%10.34%11.34%12.39%11.68%
Net Profit1.780.052.8412.43.277.235.068.546.25
EPS ₹0.450.010.710.250.60.821.811.272.141.56

AI Insights

Revenue Trend

TTM revenue at ₹381Cr, up 11.7% YoY. OPM at 11%.

Debt Position

Borrowings at ₹101Cr. Debt-to-equity ratio: 0.86x. Moderate leverage.

Capex Cycle

CWIP at ₹2Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.09% (+0.09pp change). FIIs: 0.17% (+0.17pp change). Promoters hold 59.18%.

Margin & Efficiency

ROCE declining from 21% (Mar 2014) to 11% (Mar 2025). Working capital days: 52.

Valuation

PE 22.8x with 11.4% ROCE. Price is 287% above book value of ₹39.5. Dividend yield: 0.26%.

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