Commercial Syn Bags Ltd.
Snapshot View

241.15 -7.10 ▼-2.9%

18 May 2022, 04:01:00 PM
Volume: 1,711

Overview View Details

Sector Plastic Products Compare with Sector peers
Industry Plastic Products Compare with Industry peers
Website http://www.comsyn.com
Market Cap 301.44 Cr.
Enterprise Value(EV) 379.44 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 13.01 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 18.53 Trailing Twelve Months Ending 2021-12
Industry PE 22.00 Trailing Twelve Months Ending 2021-12
Book Value / Share 77.08 Trailing Twelve Months Ending 2021-12
Price to Book Value 3.13 Calculated using Price: 241.15
Dividend Yield 0.82 Period Ending 2021-03
No. of Shares Subscribed 1.24 Cr. 12,402,400 Shares
FaceValue 10
Company Profile

The company was originally incorporated on December 10, 1984 as a private limited company under the name and style of ‘Commercial Synbags Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh, Gwalior, Subsequently, the company was converted into a public limited company on May 21, 1993 and the name of the company was changed to ‘Commercial Syn-bags Limited’. The company further changed its name from ‘Commercial Syn-bags Limited’ to ‘Commercial Syn Bags Limited’ vide certificate dated May 18, 2016 issued by Registrar of Companies, Madhya Pradesh, Gwalior.

The manufacturing facilities of the company are divided into four units namely Unit - I, II and III (all located at Pithampur, Dhar, Madhya Pradesh) and Unit SEZ located at Special Economic Zone, Indore Phase - I, Pithampur, Dhar, Madhya Pradesh. Initially, the company commenced its business operations in Unit I by manufacturing Tarpaulin and PP woven sacks in the financial year 1985-86. Subsequently, the company made expansion and set up Unit II in the year 2011 and SEZ Unit in the year 2013. With the view to improve the quality of its products and better utilisation of the waste raw materials, the company in the year 2014, setup a new manufacturing facility at Unit III for refining the scrap granules generated from the manufacturing of different products.

The company’s Promoters, Mohanlal Chourlhary and Anil Choudhary have more than 30 years experience in field of manufacturing of plastic products and have fair knowledge of the products and industry in which the company operates. The company’s customer base is spread across the globe with presence in countries like United States of America, United Kingdom, Australia, Germany, Italy, Spain, New Zealand, etc.

Business area of the company

The company is an ISO 9001:2008 certified company engaged in the manufacturing and supply of High Density Polyethylene (HDPE) / Polypropylene (PP) woven sacks, Flexible Intermediate Bulk Container (MC), fabrics & Tarpaulin for domestic as well as export markets. Its product tarpaulin is sold under the brand name ‘TIGER TARPAULIN’ and other range of products under the brand name ‘COMSYN’. Both COMSYN and TIGER TARPAULIN are registered with the Registrar of Trademark. Further, the company has recently installed flexible packaging machines; Roto Gravure Printing machine, Solvent less/Solvent base combi machine, Slitting machines and Pouch machine which are used for printing, lamination and pouching on films. These printed pouches or rolls are then used as packaging materials in the packaging industry.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-2.86%
1 Week
+4.39%
1 Month
-5.71%
3 Month
-15.33%
6 Month
+10.80%
1 Year
+159.30%
2 Year
+534.61%
5 Year
+295.33%
10 Year
2 years 2020-03 2021-03
Return on Equity (%) 16.58 16.24
Return on Capital Employed (%) 15.48 12.90
Return on Assets (%) 8.16 7.12

Balance Sheet View Details

Particulars 3 years 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 69 79 85
Non Curr. Liab. 32 43 43
Curr. Liab. 39 76 87
Minority Int.
Equity & Liab. 140 197 215
Non Curr. Assets 78 95 101
Curr. Assets 62 102 113
Misc. Exp. not W/O
Total Assets 140 197 215

Profit Loss View Details

Particulars 3 years 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 191 214 290
Other Income 2 2 1
Total Income 193 215 291
Total Expenditure -167 -189 -257
PBIDT 26 26 34
Interest -4 -4 -6
Depreciation -7 -8 -9
Taxation -3 -3 -3
Exceptional Items
PAT 11 12 16
Minority Interest
Share Associate
Other Related Items
Consolidated Net Profit 11 12 16
Adjusted EPS 10 10 14

Cash Flow View Details

Particulars 2 years 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 27 -9
Cash Fr. Inv. -17 -17
Cash Fr. Finan. -10 28
Net Change 0 2
Cash & Cash Eqvt 0 2

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 57.74 58.04 58.44 59.42 61.15 61.15 61.15 61.15 62.99
Public 42.26 41.96 41.56 40.58 38.85 38.85 38.85 38.85 37.01
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 17 May 2022
Compliances-Reg.24(A)-Annual Secretarial Compliance
With reference to the terms of clause 3(b)(iii) of the SEBI Circular No. ClR/CFD/CMD l/27/2019 dated 8th February 2019 we hereby submit the Annual Secretarial Compliance Report for the year ended 31st March 2022.Further the Annual Secretarial Compliance Report will also be filed in XBRL mode within the stipulated time period.
Sat, 30 Apr 2022
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompayCommercial Syn Bags Ltd
2CINL25202MP1984PLC002669
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 24.20
4Highest Credit Rating during the previous FY BBB+
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)ICRA LIMITED
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: Sandeep Patel
Designation: Company Secretary & Compliance Officer
EmailId: cs@comsyn.com
Name of the Chief Financial Officer: Abhishek Jain
Designation: Chief Financial Officer
EmailId: cfo@comsyn.com

Date: 30/04/2022

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Thu, 14 Apr 2022
Filing Of Certificate For Compliance Under Regulation 40(9) Of The SEBI (LODR) Regulations 2015 For The Year Ended 31St March 2022.
Please find enclosed herewith the Certificate for Compliance under Regulation 40(9) of the SEBI (LODR) Regulations 2015; obtained from Practicing Company Secretary for the year ended on 31st March 2022`.You are requested to please take on record the above said document for your reference.

Technical Scans View Details

Wed, 18 May 2022
Close Crossing Last Month Close from Above Close Crossing Last Month Close from Above
High Decrease 3 Months High Decrease 3 Months
High Increase 1 Year High Increase 1 Year
High Increase 2 Years High Increase 2 Years
High Increase 5 Years High Increase 5 Years

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Astral Ltd. 35,087.70 1,746.35 -0.4%
Supreme Industries Ltd. 23,862.63 1,878.55 -1.1%
Finolex Industries Ltd. 9,238.90 148.90 +4.6%
Polyplex Corporation Ltd. 7,554.60 2,406.50 +0.2%
Prince Pipes and Fittings Ltd. 7,200.29 651.25 -0.2%
EPL Ltd. 4,990.76 158.00 +2.6%
Jindal Poly Films Ltd. 4,146.57 947.00 +1.2%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Astral Ltd. Consolidated 2021-12 67.87 1,746.35 -0.4%
Supreme Industries Ltd. Consolidated 2022-03 24.64 1,878.55 -1.1%
Finolex Industries Ltd. Consolidated 2021-12 10.81 148.90 +4.6%
Polyplex Corporation Ltd. Consolidated 2021-12 14.86 2,406.50 +0.2%
Prince Pipes and Fittings Ltd. Standalone 2021-12 27.87 651.25 -0.2%
EPL Ltd. Consolidated 2022-03 23.28 158.00 +2.6%
Jindal Poly Films Ltd. Consolidated 2021-12 4.44 947.00 +1.2%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Astral Ltd. Consolidated 2021-12 15.80 1,746.35 -0.4%
Supreme Industries Ltd. Consolidated 2022-03 6.21 1,878.55 -1.1%
Finolex Industries Ltd. Consolidated 2021-12 2.51 148.90 +4.6%
Polyplex Corporation Ltd. Consolidated 2021-12 2.20 2,406.50 +0.2%
Prince Pipes and Fittings Ltd. Standalone 2021-12 6.09 651.25 -0.2%
EPL Ltd. Consolidated 2022-03 2.74 158.00 +2.6%
Jindal Poly Films Ltd. Consolidated 2021-12 1.24 947.00 +1.2%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Astral Ltd. Consolidated 2021-03 0.04 1,746.35 -0.4%
Supreme Industries Ltd. Consolidated 2021-03 0.00 1,878.55 -1.1%
Finolex Industries Ltd. Consolidated 2021-03 0.06 148.90 +4.6%
Polyplex Corporation Ltd. Consolidated 2021-03 0.23 2,406.50 +0.2%
Prince Pipes and Fittings Ltd. Standalone 2021-03 0.08 651.25 -0.2%
EPL Ltd. Consolidated 2021-03 0.33 158.00 +2.6%
Jindal Poly Films Ltd. Consolidated 2021-03 0.35 947.00 +1.2%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Astral Ltd. Consolidated 2021-03 24.46 1,746.35 -0.4%
Supreme Industries Ltd. Consolidated 2021-03 30.65 1,878.55 -1.1%
Finolex Industries Ltd. Consolidated 2021-03 28.16 148.90 +4.6%
Polyplex Corporation Ltd. Consolidated 2021-03 28.35 2,406.50 +0.2%
Prince Pipes and Fittings Ltd. Standalone 2021-03 23.65 651.25 -0.2%
EPL Ltd. Consolidated 2021-03 15.25 158.00 +2.6%
Jindal Poly Films Ltd. Consolidated 2021-03 35.18 947.00 +1.2%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Astral Ltd. Consolidated 2021-03 24.46 1,746.35 -0.4%
Supreme Industries Ltd. Consolidated 2021-03 30.65 1,878.55 -1.1%
Finolex Industries Ltd. Consolidated 2021-03 28.16 148.90 +4.6%
Polyplex Corporation Ltd. Consolidated 2021-03 28.35 2,406.50 +0.2%
Prince Pipes and Fittings Ltd. Standalone 2021-03 23.65 651.25 -0.2%
EPL Ltd. Consolidated 2021-03 15.25 158.00 +2.6%
Jindal Poly Films Ltd. Consolidated 2021-03 35.18 947.00 +1.2%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Astral Ltd. Consolidated 2021-03 3,176.30 1,746.35 -0.4%
Supreme Industries Ltd. Consolidated 2021-03 6,357.06 1,878.55 -1.1%
Finolex Industries Ltd. Consolidated 2021-03 3,462.82 148.90 +4.6%
Polyplex Corporation Ltd. Consolidated 2021-03 4,918.27 2,406.50 +0.2%
Prince Pipes and Fittings Ltd. Standalone 2021-03 2,071.52 651.25 -0.2%
EPL Ltd. Consolidated 2021-03 3,091.60 158.00 +2.6%
Jindal Poly Films Ltd. Consolidated 2021-03 4,082.28 947.00 +1.2%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Astral Ltd. Consolidated 2021-03 415.20 1,746.35 -0.4%
Supreme Industries Ltd. Consolidated 2021-03 832.15 1,878.55 -1.1%
Finolex Industries Ltd. Consolidated 2021-03 721.60 148.90 +4.6%
Polyplex Corporation Ltd. Consolidated 2021-03 861.96 2,406.50 +0.2%
Prince Pipes and Fittings Ltd. Standalone 2021-03 221.83 651.25 -0.2%
EPL Ltd. Consolidated 2021-03 245.20 158.00 +2.6%
Jindal Poly Films Ltd. Consolidated 2021-03 790.88 947.00 +1.2%