Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹174, 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 32% over the past year. New Risk • Jul 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 7.9% 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 (₹8.36b market cap, or US$86.8m). Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 15% After last week's 15% 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 41% over the past year. 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. Duyuru • 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 19% After last week's 19% share price decline to ₹154, 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 107% over the past year. 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. Duyuru • 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. Duyuru • 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 Duyuru • 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. 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. Duyuru • 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 Duyuru • 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 90% over the past year. 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. Duyuru • 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 • Mar 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹86.51, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 20x in the Packaging industry in India. Total returns to shareholders of 12% over the past year. 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. Duyuru • 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. Duyuru • 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 8.2% 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 (8.2% 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 21% After last week's 21% share price gain to ₹84.73, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 29x in the Packaging industry in India. 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. Duyuru • 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 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹64.93, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 27x in the Packaging industry in India. 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). Duyuru • 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. Duyuru • 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. Duyuru • 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 16% After last week's 16% share price gain to ₹81.53, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 25x in the Packaging industry in India. 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). Buy Or Sell Opportunity • May 31
Now 20% overvalued Over the last 90 days, the stock has fallen 16% to ₹68.00. The fair value is estimated to be ₹56.65, 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 • May 15
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to ₹69.05. The fair value is estimated to be ₹57.15, 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 The stock has been flat over the last 90 days, currently trading at ₹72.05. The fair value is estimated to be ₹59.23, 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 The stock has been flat over the last 90 days, currently trading at ₹70.95. The fair value is estimated to be ₹58.74, 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%. Duyuru • 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). Buy Or Sell Opportunity • Feb 14
Now 32% overvalued The stock has been flat over the last 90 days, currently trading at ₹89.20. The fair value is estimated to be ₹67.66, 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%.