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Last Updated: April 2, 2026, 4:23 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 539986 | NSE: COMSYN

Commercial Syn Bags Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹88.12Overvalued by 42.41%vs CMP ₹153.00

P/E (22.0) × ROE (12.3%) × BV (₹40.60) × DY (0.26%)

₹78.31Overvalued by 48.82%vs CMP ₹153.00
MoS: -95.4% (Negative)Confidence: 73/100 (High)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹94.6125%Over (-38.2%)
Graham NumberEarnings₹80.0818%Over (-47.7%)
DCFCash Flow₹76.6915%Over (-49.9%)
Net Asset ValueAssets₹40.178%Over (-73.7%)
EV/EBITDAEnterprise₹62.2410%Over (-59.3%)
Earnings YieldEarnings₹70.208%Over (-54.1%)
ROCE CapitalReturns₹85.1810%Over (-44.3%)
Revenue MultipleRevenue₹86.056%Over (-43.8%)
Consensus (8 models)₹78.31100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 7.4%

*Investments are subject to market risks

Investment Snapshot

62
Commercial Syn Bags Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 12.3% GoodROE 12.3% GoodD/E 1.00 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 58.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 10% Steady
Quarterly Momentum90/100 · Strong
Revenue (4Q): +20% YoY AcceleratingProfit (4Q): +129% YoY Strong
Industry Rank50/100 · Moderate
P/E 22.0 vs industry 39.6 Cheaper than peersROCE 12.3% vs industry 12.8% AverageROE 12.3% vs industry 24.7% Below peers3Y sales CAGR: 2% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Commercial Syn Bags Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 22.0 vs Ind 39.6 | ROCE 12.3% | ROE 12.3% | CFO/NP N/A
Balance Sheet Stress
10/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 1.00x | IntCov 0.0x | Current 1.35x | Borrow/Reserve 0.89x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹17 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.11 pp | DII N/A | Prom 0.00 pp
Business Momentum
-39
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -1.0% | Q NP -28.7% | Q OPM -0.8 pp
Derived FieldValueHow it is derived
Valuation Gap %-48.8%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.89xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.11 ppLatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,008Latest shareholder count minus previous count
Quarterly Sales Change-1.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-28.7%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-0.8 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:23 am

Market Cap 617 Cr.
Current Price 153
Intrinsic Value₹78.31
High / Low 200/77.6
Stock P/E22.0
Book Value 40.6
Dividend Yield0.26 %
ROCE12.3 %
ROE12.3 %
Face Value 10.0
PEG Ratio2.99

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Commercial Syn Bags Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Commercial Syn Bags Ltd 617 Cr. 153 200/77.622.0 40.60.26 %12.3 %12.3 % 10.0
Shree Rama Multi-Tech Ltd 635 Cr. 47.6 72.0/31.011.2 12.60.00 %15.3 %40.4 % 5.00
Cropster Agro Ltd 480 Cr. 5.72 32.1/5.2430.9 1.380.00 %16.1 %15.6 % 1.00
Shree Tirupati Balajee FIBC Ltd 433 Cr. 427 893/42747.3 92.90.00 %15.5 %16.9 % 10.0
Ester Industries Ltd 802 Cr. 82.2 156/68.6 81.20.73 %6.45 %1.78 % 5.00
Industry Average1,921.04 Cr295.8439.62189.000.36%12.76%24.70%7.38

All Competitor Stocks of Commercial Syn Bags Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 64.8660.5879.4768.2671.0769.6376.8986.6586.4997.7990.5198.4597.48
Expenses 59.8453.7872.8960.8467.0760.8970.0278.7977.0486.4179.4985.4585.39
Operating Profit 5.026.806.587.424.008.746.877.869.4511.3811.0213.0012.09
OPM % 7.74%11.22%8.28%10.87%5.63%12.55%8.93%9.07%10.93%11.64%12.18%13.20%12.40%
Other Income 0.650.140.270.560.242.270.850.800.132.250.710.360.15
Interest 1.641.691.632.051.653.082.332.102.742.202.442.102.16
Depreciation 2.312.562.632.712.792.813.002.672.640.522.722.672.73
Profit before tax 1.722.692.593.22-0.205.122.393.894.2010.916.578.597.35
Tax % 11.63%11.52%1.93%27.02%30.00%37.11%19.25%7.71%16.19%26.12%15.53%1.98%18.37%
Net Profit 1.522.392.542.35-0.253.221.933.603.528.075.558.426.00
EPS in Rs 0.380.600.640.59-0.060.810.480.900.882.021.392.111.50

Last Updated: March 3, 2026, 11:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 2:45 am

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 191213323290288347384
Expenses 167189289266261312337
Operating Profit 24253424273647
OPM % 12%12%10%8%9%10%12%
Other Income 2142343
Interest 4476899
Depreciation 789101199
Profit before tax 1415219112133
Tax % 21%17%14%14%27%20%
Net Profit 111218881728
EPS in Rs 3.223.374.922.021.974.297.02
Dividend Payout % 16%20%14%0%0%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)9.09%50.00%-55.56%0.00%112.50%
Change in YoY Net Profit Growth (%)0.00%40.91%-105.56%55.56%112.50%

Commercial Syn Bags Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2020-2021 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:13%
3 Years:3%
TTM:26%
Compounded Profit Growth
10 Years:%
5 Years:9%
3 Years:-2%
TTM:186%
Stock Price CAGR
10 Years:%
5 Years:50%
3 Years:20%
1 Year:128%
Return on Equity
10 Years:%
5 Years:12%
3 Years:9%
Last Year:12%

Last Updated: September 5, 2025, 3:01 pm

Balance Sheet

Last Updated: December 4, 2025, 2:40 am

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 12121240404040
Reserves 5767938189110122
Borrowings 52868476109115109
Other Liabilities 19323231364344
Total Liabilities 140197222227273308316
Fixed Assets 58879499108100102
CWIP 140013024
Investments 00-0-0222324
Other Assets 68109128116143183185
Total Assets 140197222227273308316

Reserves and Borrowings Chart

Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 27-963861
Cash from Investing Activity + -17-17-7-30-29-0
Cash from Financing Activity + -1028-1-8230
Net Cash Flow -02-2-101
Free Cash Flow 10-27-910-0-1
CFO/OP 130%-25%29%172%30%9%

Free Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-28.00-61.00-50.00-52.00-82.00-79.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 353740355448
Inventory Days 110190115129164160
Days Payable 213930343937
Cash Conversion Cycle 124187125130179172
Working Capital Days 353542442840
ROCE %13%16%8%9%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.66%58.66%58.79%58.79%58.79%58.79%58.79%58.79%58.79%58.79%58.79%58.79%
FIIs 0.00%0.00%0.00%0.00%0.11%0.00%0.00%0.00%0.00%0.24%0.11%0.00%
Public 41.35%41.34%41.22%41.22%41.10%41.21%41.22%41.22%41.21%40.96%41.10%41.21%
No. of Shareholders 4,7494,8754,9214,6984,7114,6715,7355,8645,2404,8106,0155,007

Shareholding Pattern Chart

No. of Shareholders

Commercial Syn Bags Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 4.291.972.0215.4810.14
Diluted EPS (Rs.) 4.291.972.0214.6410.14
Cash EPS (Rs.) 6.494.704.4322.3816.62
Book Value[Excl.RevalReserv]/Share (Rs.) 37.5632.2230.1785.2266.59
Book Value[Incl.RevalReserv]/Share (Rs.) 37.5632.2230.1785.2266.59
Revenue From Operations / Share (Rs.) 87.0672.1972.63260.10180.85
PBDIT / Share (Rs.) 9.917.536.3130.0122.08
PBIT / Share (Rs.) 7.704.793.9022.3915.60
PBT / Share (Rs.) 5.362.692.3717.0912.28
Net Profit / Share (Rs.) 4.291.972.0214.7610.14
NP After MI And SOA / Share (Rs.) 4.291.972.0214.7610.14
PBDIT Margin (%) 11.3810.428.6911.5312.20
PBIT Margin (%) 8.846.635.378.608.62
PBT Margin (%) 6.153.723.256.566.78
Net Profit Margin (%) 4.922.722.785.675.60
NP After MI And SOA Margin (%) 4.922.722.785.675.60
Return on Networth / Equity (%) 11.416.106.7017.3215.22
Return on Capital Employeed (%) 16.5511.039.3619.1015.21
Return On Assets (%) 5.562.873.578.266.09
Long Term Debt / Equity (X) 0.130.240.280.260.46
Total Debt / Equity (X) 0.710.780.560.721.00
Asset Turnover Ratio (%) 1.201.161.341.591.31
Current Ratio (X) 1.361.271.671.561.35
Quick Ratio (X) 0.700.540.690.780.60
Inventory Turnover Ratio (X) 4.554.432.763.152.69
Dividend Payout Ratio (NP) (%) 0.000.0034.5812.9014.79
Dividend Payout Ratio (CP) (%) 0.000.0015.798.519.02
Earning Retention Ratio (%) 0.000.0065.4287.1085.21
Cash Earning Retention Ratio (%) 0.000.0084.2191.4990.98
Interest Coverage Ratio (X) 4.233.584.115.666.64
Interest Coverage Ratio (Post Tax) (X) 2.831.932.323.784.05
Enterprise Value (Cr.) 417.42347.33403.66392.60201.90
EV / Net Operating Revenue (X) 1.201.201.391.220.94
EV / EBITDA (X) 10.5411.5516.0010.557.74
MarketCap / Net Operating Revenue (X) 0.910.871.170.990.60
Retention Ratios (%) 0.000.0065.4187.0985.20
Price / BV (X) 2.111.952.823.041.64
Price / Net Operating Revenue (X) 0.910.871.170.990.60
EarningsYield 0.050.030.020.050.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Commercial Syn Bags Ltd. is a Public Limited Listed company incorporated on 10/12/1984 and has its registered office in the State of Madhya Pradesh, India. Company's Corporate Identification Number(CIN) is L25202MP1984PLC002669 and registration number is 002669. Currently company belongs to the Industry of Packaging & Containers. Company's Total Operating Revenue is Rs. 341.61 Cr. and Equity Capital is Rs. 39.95 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Packaging & ContainersCommercial House, 3-4, Jaora Compound, Indore Madhya Pradesh 452001Contact not found
Management
NamePosition Held
Mr. Anil ChoudharyChairman & Managing Director
Ms. Ranjana ChoudharyWhole Time Director
Mr. Virendra Singh PamechaWhole Time Director
Mr. Sunil AgrawalIndependent Director
Mr. Milind MahajanIndependent Director
Mr. Vijay Kumar BansalIndependent Director

FAQ

What is the intrinsic value of Commercial Syn Bags Ltd and is it undervalued?

As of 05 April 2026, Commercial Syn Bags Ltd's intrinsic value is ₹78.31, which is 48.82% lower than the current market price of ₹153.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.3 %), book value (₹40.6), dividend yield (0.26 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Commercial Syn Bags Ltd?

Commercial Syn Bags Ltd is trading at ₹153.00 as of 05 April 2026, with a FY2026-2027 high of ₹200 and low of ₹77.6. The stock is currently in the middle of its 52-week range. Market cap stands at ₹617 Cr..

How does Commercial Syn Bags Ltd's P/E ratio compare to its industry?

Commercial Syn Bags Ltd has a P/E ratio of 22.0, which is below the industry average of 39.62. This is broadly in line with or below the industry average.

Is Commercial Syn Bags Ltd financially healthy?

Key indicators for Commercial Syn Bags Ltd: ROCE of 12.3 % is moderate. Dividend yield is 0.26 %.

Is Commercial Syn Bags Ltd profitable and how is the profit trend?

Commercial Syn Bags Ltd reported a net profit of ₹17 Cr in Mar 2025 on revenue of ₹347 Cr. Compared to ₹18 Cr in Mar 2022, the net profit shows a declining trend.

Does Commercial Syn Bags Ltd pay dividends?

Commercial Syn Bags Ltd has a dividend yield of 0.26 % at the current price of ₹153.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Commercial Syn Bags Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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