Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹175, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 18x in the Packaging industry in India. Total returns to shareholders of 192% over the past three years. New Risk • Jul 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (64% net debt to equity). Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹7.60b market cap, or US$79.7m). Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹187, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 17x in the Packaging industry in India. Total returns to shareholders of 169% over the past three years. Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹6.59 (vs ₹4.29 in FY 2025) Full year 2026 results: EPS: ₹6.59 (up from ₹4.29 in FY 2025). Revenue: ₹3.90b (up 12% from FY 2025). Net income: ₹263.2m (up 54% from FY 2025). Profit margin: 6.8% (up from 4.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Ankündigung • May 26
Commercial Syn Bags Limited to Report Q4, 2026 Results on May 30, 2026 Commercial Syn Bags Limited announced that they will report Q4, 2026 results at 3:30 PM, Indian Standard Time on May 30, 2026 Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹158, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 65% over the past three years. Reported Earnings • Feb 06
Third quarter 2026 earnings released: EPS: ₹1.50 (vs ₹0.88 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.50 (up from ₹0.88 in 3Q 2025). Revenue: ₹976.3m (up 13% from 3Q 2025). Net income: ₹60.0m (up 71% from 3Q 2025). Profit margin: 6.1% (up from 4.1% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 02
Commercial Syn Bags Limited to Report Q3, 2026 Results on Feb 05, 2026 Commercial Syn Bags Limited announced that they will report Q3, 2026 results on Feb 05, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹2.11 (vs ₹0.90 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.11 (up from ₹0.90 in 2Q 2025). Revenue: ₹988.1m (up 14% from 2Q 2025). Net income: ₹84.2m (up 134% from 2Q 2025). Profit margin: 8.5% (up from 4.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 03
Commercial Syn Bags Limited to Report Q2, 2026 Results on Nov 07, 2025 Commercial Syn Bags Limited announced that they will report Q2, 2026 results on Nov 07, 2025 Ankündigung • Oct 01
Commercial Syn Bags Limited Approves Dividend for the Financial Year Ended 31st March, 2025 Commercial Syn Bags Limited at its AGM held on 29 September 2025, approved dividend of INR 0.40 (4%) on the 3,99,52,200 equity shares of INR 10/- each of the Company for the financial year ended 31st March, 2025. Upcoming Dividend • Sep 15
Upcoming dividend of ₹0.40 per share Eligible shareholders must have bought the stock before 22 September 2025. Payment date: 29 October 2025. Payout ratio is a comfortable 9.3% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.9%). Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: ₹1.39 (vs ₹0.48 in 1Q 2025) First quarter 2026 results: EPS: ₹1.39 (up from ₹0.48 in 1Q 2025). Revenue: ₹912.2m (up 19% from 1Q 2025). Net income: ₹55.5m (up 187% from 1Q 2025). Profit margin: 6.1% (up from 2.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 05
Commercial Syn Bags Limited to Report Q1, 2026 Results on Aug 08, 2025 Commercial Syn Bags Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Ankündigung • Jun 20
Commercial Syn Bags Limited Announces Board Changes Commercial Syn Bags Limited at its board of directors meeting held on June 19, 2025, approved the appointment of Shri Sunil Agrawal as an Additional Director under the Category of Non-Executive Independent Director; Take on record the completion of second term of Shri Hitesh Mehta as an Independent Director of the Company with effect from closing hours of 19 June 2025. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹127, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 24x in the Packaging industry in India. Total returns to shareholders of 37% over the past three years. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹4.29 (vs ₹1.97 in FY 2024) Full year 2025 results: EPS: ₹4.29 (up from ₹1.97 in FY 2024). Revenue: ₹3.52b (up 22% from FY 2024). Net income: ₹171.2m (up 118% from FY 2024). Profit margin: 4.9% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Ankündigung • May 23
Commercial Syn Bags Limited to Report Q4, 2025 Results on May 30, 2025 Commercial Syn Bags Limited announced that they will report Q4, 2025 results on May 30, 2025 Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹104, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 21x in the Packaging industry in India. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹84.97, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 20x in the Packaging industry in India. Total loss to shareholders of 5.9% over the past three years. Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: ₹0.88 (vs ₹0.06 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.88 (up from ₹0.06 loss in 3Q 2024). Revenue: ₹866.3m (up 22% from 3Q 2024). Net income: ₹35.2m (up ₹37.7m from 3Q 2024). Profit margin: 4.1% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 14
Commercial Syn Bags Limited Approves the Appointment of Sandeep Patel as Company Secretary Commercial Syn Bags Limited at its board of directors meeting held on February 14, 2024, approved the appointment of CS Sandeep Patel as the Company Secretary and Key Managerial Personnel. Ankündigung • Feb 10
Commercial Syn Bags Limited to Report Q3, 2025 Results on Feb 14, 2025 Commercial Syn Bags Limited announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Dec 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 8.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹3.38b market cap, or US$39.8m). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹84.63, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 29x in the Packaging industry in India. Total returns to shareholders of 4.4% over the past three years. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹0.90 (vs ₹0.58 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.90 (up from ₹0.58 in 2Q 2024). Revenue: ₹874.5m (up 28% from 2Q 2024). Net income: ₹36.0m (up 53% from 2Q 2024). Profit margin: 4.1% (up from 3.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Ankündigung • Nov 11
Commercial Syn Bags Limited to Report Q2, 2025 Results on Nov 14, 2024 Commercial Syn Bags Limited announced that they will report Q2, 2025 results on Nov 14, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₹2.68b market cap, or US$31.9m). Ankündigung • Sep 11
Commercial Syn Bags Limited Announces Resignation of CS Pooja Choukse as Company Secretary and Compliance Officer Commercial Syn Bags Limited announced that CS Pooja Choukse, Company Secretary and Compliance Officer of the Company. Resignation tendered with effect from 10th Sept., 2024. However, the same is under consideration with the management. Ankündigung • Sep 09
Commercial Syn Bags Limited, Annual General Meeting, Sep 30, 2024 Commercial Syn Bags Limited, Annual General Meeting, Sep 30, 2024, at 13:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹0.48 (vs ₹0.64 in 1Q 2024) First quarter 2025 results: EPS: ₹0.48 (down from ₹0.64 in 1Q 2024). Revenue: ₹777.4m (down 2.2% from 1Q 2024). Net income: ₹19.3m (down 24% from 1Q 2024). Profit margin: 2.5% (down from 3.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Ankündigung • Aug 09
Commercial Syn Bags Limited to Report Q1, 2025 Results on Aug 14, 2024 Commercial Syn Bags Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹81.74, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 25x in the Packaging industry in India. Total returns to shareholders of 72% over the past three years. Board Change • Jun 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Vijay Bansal was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹1.97 (vs ₹2.08 in FY 2023) Full year 2024 results: EPS: ₹1.97 (down from ₹2.08 in FY 2023). Revenue: ₹2.92b (flat on FY 2023). Net income: ₹78.6m (down 2.8% from FY 2023). Profit margin: 2.7% (down from 2.8% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 15
Now 21% overvalued Over the last 90 days, the stock has fallen 22% to ₹69.89. The fair value is estimated to be ₹57.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 23%. Buy Or Sell Opportunity • Apr 10
Now 22% overvalued Over the last 90 days, the stock has fallen 12% to ₹71.94. The fair value is estimated to be ₹59.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 23%. Buy Or Sell Opportunity • Mar 14
Now 21% overvalued Over the last 90 days, the stock has fallen 3.1% to ₹71.58. The fair value is estimated to be ₹59.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 23%. Ankündigung • Mar 09
Commercial Syn Bags Limited (BSE:539986) completed the acquisition of 49% stake in Smartlift Bulk Packaging Ltd. from Trevor William Bland and Rebecca Lucy Bland. Commercial Syn Bags Limited (BSE:539986) entered into agreement to acquire 49% stake in Smartlift Bulk Packaging Ltd. from Trevor William Bland and Rebecca Lucy Bland for £2.1 million on December 21, 2023. Under the term of agreement, Commercial Syn Bags acquire 500 Shares of £1 each constituting aggregate 50% of Share Capital of Smartlift Bulk Packaging Limited for a consideration of £21,75,000. Payment of purchase consideration will be made as per the agreement in compliance with the applicable rules and regulations of RBI/FEMA. 3 months from the date of signing of this agreement for 49% stake i.e. acquisition of 490 shares of the target company. Future 1% stake i.e. 10 shares on or after 1 year from the date of completion of acquisition of 49% stake. Consideration for acquisition of initial 49% stake is £21,31,500 and Future 1% stake is £43,500 thereby making the total consideration to £21,75,000 with the provision of roll back investment of £2,30,000 by Trevor Bland into the acquirer company (Commercial Syn Bags Limited).For the year ending December 31, 2022, Smartlift Bulk Packaging had profit after tax as £5,05,090 and Revenue from Operations as £90,27,155.Commercial Syn Bags Limited (BSE:539986) completed the acquisition of 49% stake in Smartlift Bulk Packaging Ltd. from Trevor William Bland and Rebecca Lucy Bland on March 7, 2024. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Vijay Bansal was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Third quarter 2024 earnings released: ₹0.06 loss per share (vs ₹0.39 profit in 3Q 2023) Third quarter 2024 results: ₹0.06 loss per share (down from ₹0.39 profit in 3Q 2023). Revenue: ₹713.1m (up 10.0% from 3Q 2023). Net loss: ₹2.51m (down 117% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹88.23, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 23x in the Packaging industry in India. Total returns to shareholders of 130% over the past three years. Ankündigung • Dec 23
Commercial Syn Bags Limited (BSE:539986) entered into agreement to acquire 49% stake in Smartlift Bulk Packaging Ltd. from Trevor William Bland and Rebecca Lucy Bland for £2.1 million. Commercial Syn Bags Limited (BSE:539986) entered into agreement to acquire 49% stake in Smartlift Bulk Packaging Ltd. from Trevor William Bland and Rebecca Lucy Bland for £2.1 million on December 21, 2023. Under the term of agreement, Commercial Syn Bags acquire 500 Shares of £1 each constituting aggregate 50% of Share Capital of Smartlift Bulk Packaging Limited for a consideration of £21,75,000. Payment of purchase consideration will be made as per the agreement in compliance with the applicable rules and regulations of RBI/FEMA. 3 months from the date of signing of this agreement for 49% stake i.e. acquisition of 490 shares of the target company. Future 1% stake i.e. 10 shares on or after 1 year from the date of completion of acquisition of 49% stake. Consideration for acquisition of initial 49% stake is £21,31,500 and Future 1% stake is £43,500 thereby making the total consideration to £21,75,000 with the provision of roll back investment of £2,30,000 by Trevor Bland into the acquirer company (Commercial Syn Bags Limited).For the year ending December 31, 2022, Smartlift Bulk Packaging had profit after tax as £5,05,090 and Revenue from Operations as £90,27,155. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹76.59, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 24x in the Packaging industry in India. Total returns to shareholders of 272% over the past three years. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹0.58 (vs ₹0.027 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.58 (up from ₹0.027 in 2Q 2023). Revenue: ₹688.2m (down 4.9% from 2Q 2023). Net income: ₹23.5m (up ₹22.5m from 2Q 2023). Profit margin: 3.4% (up from 0.1% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. New Risk • Oct 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (₹2.71b market cap, or US$32.6m). Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹67.84, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 25x in the Packaging industry in India. Total returns to shareholders of 258% over the past three years. Ankündigung • Aug 24
Commercial Syn Bags Limited, Annual General Meeting, Sep 20, 2023 Commercial Syn Bags Limited, Annual General Meeting, Sep 20, 2023. Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹0.64 (vs ₹1.09 in 1Q 2023) First quarter 2024 results: EPS: ₹0.64 (down from ₹1.09 in 1Q 2023). Revenue: ₹797.4m (down 14% from 1Q 2023). Net income: ₹25.4m (down 38% from 1Q 2023). Profit margin: 3.2% (down from 4.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Ankündigung • Aug 08
Commercial Syn Bags Limited to Report Q1, 2024 Results on Aug 14, 2023 Commercial Syn Bags Limited announced that they will report Q1, 2024 results on Aug 14, 2023 New Risk • Jun 10
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.8% net profit margin). Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Market cap is less than US$100m (₹2.90b market cap, or US$35.2m). Reported Earnings • Jun 10
Full year 2023 earnings released: EPS: ₹2.08 (vs ₹5.16 in FY 2022) Full year 2023 results: EPS: ₹2.08 (down from ₹5.16 in FY 2022). Revenue: ₹2.92b (down 10.0% from FY 2022). Net income: ₹80.9m (down 56% from FY 2022). Profit margin: 2.8% (down from 5.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 23
Commercial Syn Bags Limited to Report Q4, 2023 Results on May 29, 2023 Commercial Syn Bags Limited announced that they will report Q4, 2023 results on May 29, 2023 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹93.14, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 496% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹0.39 (vs ₹0.97 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.39 (down from ₹0.97 in 3Q 2022). Revenue: ₹655.1m (down 11% from 3Q 2022). Net income: ₹15.2m (down 56% from 3Q 2022). Profit margin: 2.3% (down from 4.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 05
Commercial Syn Bags Limited to Report Q3, 2023 Results on Feb 11, 2023 Commercial Syn Bags Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 11, 2023 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹115, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 667% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₹107, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 613% over the past three years. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹82.85, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 463% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 30% share price gain to ₹138, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 807% over the past three years. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: ₹0.081 (vs ₹3.61 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.081 (down from ₹3.61 in 2Q 2022). Revenue: ₹724.0m (down 4.1% from 2Q 2022). Net income: ₹1.02m (down 98% from 2Q 2022). Profit margin: 0.1% (down from 5.7% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 20% share price gain to ₹377, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 737% over the past three years. Ankündigung • Nov 08
Commercial Syn Bags Limited to Report Q2, 2023 Results on Nov 14, 2022 Commercial Syn Bags Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₹341, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 622% over the past three years. Ankündigung • Oct 03
Commercial Syn Bags Limited Approves Dividend for the Financial Year Ended 31 March, 2022 Commercial Syn Bags Limited at the AGM held on September 30, 2022 approved dividend of INR 2.10 (21%) on the 1,33,17,400 Equity Shares of INR 10 each of the Company for the financial year ended 31 March, 2022. Upcoming Dividend • Sep 15
Upcoming dividend of ₹2.10 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 30 October 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.1%). Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹3.28 (vs ₹3.82 in 1Q 2022) First quarter 2023 results: EPS: ₹3.28 (down from ₹3.82 in 1Q 2022). Revenue: ₹928.5m (up 23% from 1Q 2022). Net income: ₹40.8m (down 9.5% from 1Q 2022). Profit margin: 4.4% (down from 6.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 06
Commercial Syn Bags Limited to Report Q1, 2023 Results on Aug 10, 2022 Commercial Syn Bags Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Ankündigung • Aug 02
Commercial Syn Bags Limited (BSE:539986) agreed to acquire Geotextile assets of Neo Corp International Limited from Neo Corp International Limited for INR 305.1 million. Commercial Syn Bags Limited (BSE:539986) agreed to acquire Geotextile assets of Neo Corp International Limited from Neo Corp International Limited for INR 305.1 million in July 2022. The acquisition will be financed through fresh equity from recent warrants conversion, internal accruals and bank funding in the form of term loans. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 21% share price gain to ₹307, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 596% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improved over the past week After last week's 22% share price gain to ₹290, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 490% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 23% share price gain to ₹281, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 407% over the past three years. Reported Earnings • May 28
Full year 2022 earnings released: EPS: ₹15.48 (vs ₹10.14 in FY 2021) Full year 2022 results: EPS: ₹15.48 (up from ₹10.14 in FY 2021). Revenue: ₹3.23b (up 51% from FY 2021). Net income: ₹183.1m (up 53% from FY 2021). Profit margin: 5.7% (up from 5.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 20
Commercial Syn Bags Limited to Report Q4, 2022 Results on May 25, 2022 Commercial Syn Bags Limited announced that they will report Q4, 2022 results on May 25, 2022 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹239, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 533% over the past three years. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.90 (up from ₹2.12 in 3Q 2021). Revenue: ₹743.9m (up 21% from 3Q 2021). Net income: ₹34.3m (up 37% from 3Q 2021). Profit margin: 4.6% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 07
Commercial Syn Bags Limited to Report Q3, 2022 Results on Feb 14, 2022 Commercial Syn Bags Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 20% share price gain to ₹182, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 391% over the past three years. Reported Earnings • Jun 19
Full year 2021 earnings released: EPS ₹10.14 (vs ₹9.67 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: ₹2.15b (up 13% from FY 2020). Net income: ₹119.8m (up 4.9% from FY 2020). Profit margin: 5.6% (down from 6.0% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 16% share price gain to ₹133, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 214% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 17% share price gain to ₹109, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 162% over the past three years. Recent Insider Transactions • Feb 22
Chairman & MD recently bought ₹1.1m worth of stock On the 17th of February, Anil Choudhary bought around 10k shares on-market at roughly ₹105 per share. This was the largest purchase by an insider in the last 3 months. This was Anil's only on-market trade for the last 12 months. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹2.12 (vs ₹2.96 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹616.0m (up 25% from 3Q 2020). Net income: ₹25.1m (down 28% from 3Q 2020). Profit margin: 4.1% (down from 7.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 08
Commercial Syn Bags Limited Appoints Shri Vijay Kumar Bansal as Additional Director Under the Category of Independent Director Commercial Syn Bags Limited at its board meeting held on 8 February 2021 appointed Shri Vijay Kumar Bansal as Additional Director under the category of Independent Director of the Company. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 42% share price gain to ₹98.75, the stock is trading at a trailing P/E ratio of 9.9x, up from the previous P/E ratio of 7x. This compares to an average P/E of 10x in the Packaging industry in India. Total returns to shareholders over the past three years are 101%. Is New 90 Day High Low • Jan 11
New 90-day high: ₹82.30 The company is up 39% from its price of ₹59.00 on 13 October 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₹64.45 The company is up 8.0% from its price of ₹59.50 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is up 1.0% over the same period. Ankündigung • Nov 28
Commercial Syn Bags Limited Announces Resignation of Chintan Pushpraj Singhvi as Independent Director Commercial Syn Bags Limited intimated that Mr. Chintan Pushpraj Singhvi Independent Director of the Company, has resigned from the Board, effective from 27 November, 2020 after closure of business hours. Reported Earnings • Nov 04
Second quarter 2021 earnings released: EPS ₹2.87 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹525.7m (down 3.1% from 2Q 2020). Net income: ₹33.9m (up 16% from 2Q 2020). Profit margin: 6.5% (up from 5.4% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 29
New 90-day high: ₹63.00 The company is up 24% from its price of ₹51.00 on 31 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 15% over the same period. Is New 90 Day High Low • Oct 09
New 90-day high: ₹62.25 The company is up 17% from its price of ₹53.25 on 10 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 21% over the same period. Ankündigung • Sep 07
Commercial Syn Bags Limited to Report Q3, 2021 Results on Feb 14, 2021 Commercial Syn Bags Limited announced that they will report Q3, 2021 results on Feb 14, 2021 
