Announcement
Announcement under Regulation 30 (LODR)-Dividend Updates 1 Oct - Members approved final dividend of Rs. 0.50 per share for FY2025-26, payable on 4,19,52,200 shares.
Source: Bse
Commercial Syn Bags Limited (COMSYN)
Small CapIndustrials stocks · Small cap · NSE
Commercial Syn Bags Limited operates in Packaging, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹240.6
-10.80 · -4.30%
Market cap ₹1,091 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:01 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
49NeutralSMA20 -9.0% / mo · RSI oversold · MACD −
Stock trend: 48
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
COMSYND candles · FIT view+55.4%Latest close ₹240.60 on 2026-10-19
Bar
-5.3%
RSI
30
MACD hist
-2.96
52W pos
58%
2026-10-19O ₹254.00H ₹264.40L ₹238.60C ₹240.60Vol 8.6L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
COMSYNNifty India ManufacturingNifty 500
- COMSYN
- +14.9%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +20.5 pp
Chart stats
19 Oct 2026- From 52W high
- -23.7%
- 52W range position
- 58%
- ATR (14)
- 6.2%
- Volume vs 20D
- 1.09x
- Avg traded value
- ₹21.5 Cr
- 20D price channel
- ₹238.6 - ₹315.4
₹315.4
₹136.4 - ₹315.4
₹14.9
Latest completed session
20-session average
34.5% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE47
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +20.6% · PAT +60.9% YoY
Technical
Neutral49
Price trend and sector-relative-strength timing.
Valuation
Legacy model+17.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence73
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 100/100Rev +21% YoY · PAT +61% YoY · margin expansion · +9% QoQ · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹109.1 Cr | +20.6% | +8.5% |
| EBITDA | ₹15.7 Cr | +42.3% | +31.8% |
| Operating margin | 14.4% | +219 bps | +254 bps |
| PAT | ₹8.9 Cr | +60.9% | +40.9% |
| PAT margin | 8.2% | +205 bps | +188 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 36.70
- P/B
- 5.91
- EV/EBITDA
- 19.06
- Market Cap
- 1091.00Cr
Profitability
- ROE
- 16.10%
- ROCE
- 13.90%
- ROA
- 8.38%
- Dividend Y
- 0.19%
Growth (CAGR)
- Revenue 5Y
- 13.00%
- EPS 5Y
- 17.00%
- Revenue 3Y
- 10.00%
- EPS 3Y
- 48.00%
Balance Sheet
- Debt/Equity
- 0.73
- Interest Coverage
- 5.89×
- Altman Z
- 5.95
- Book Value
- 44.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- 39.00 Cr
- EPS TTM
- 7.39
Shareholding
- Promoter Hold
- 60.75%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 69%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 387+11.5% vs prev
Net Profit
₹ CrLatest: 26.0+52.9% vs prev
Return on Equity
%Latest: 14.7+29.7% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 30. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~9.9% over last month) — short-term momentum negative.
- RSI(14) at 30 — oversold zone; bounce conditions.
- MACD below signal but histogram contracting — bearish momentum easing.
- 24% off 52W high · 76% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
90
RS percentile
Stage 2 UptrendEstablished S2
1M return
-21.5%
3M return
+14.9%
6M return
+54.4%
1Y return
+59.6%
RS 1D
-1
RS 20D
-5
Sector rank
#2
Industry rank
#12
Stage evidence
- Price is 17.7% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +7.7%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
02 Jul 2026
S2 age
76 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 160.5-3.31%
RS vs Nifty 500161
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation4/30
Growth16/25
Quality11/20
Balance Sheet8/15
Cash Flow3/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
47
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
47/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 17.1%.
- Growth contributes 16/25 to the score.
Main drags
- Valuation is weaker at 4/30; verify the latest quarterly trend.
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
- Balance sheet is weaker at 8/15; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
36.7
PB
5.9
EV/EBITDA
19.1
ROE
16.1%
ROCE
13.9%
FCF Yield
—
Debt/Equity
0.7
MoS
+17.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
47
Previous: 47
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+17.1%
Previous: +17.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
47
45
45
45
45
45
47
47
47
47
47
47
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹85.53
-181.3% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹290.43
+17.1% MoS
PEG
1.35
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
HITECHCORP
Small
Hitech Corporation Limited
Packaging
match 88
28
30.9
5.8%
-66%
OVERVALUED
KANPRPLA
Small
Kanpur Plastipack Limited
Packaging
match 85
54
13.7
14.9%
-29%
FAIR VALUE
PYRAMID
Small
Pyramid Technoplast Limited
Packaging
match 85
42
18.1
11.0%
+60%
WATCHLIST
WORTHPERI
Small
Worth Peripherals Limited
Packaging
match 81
34
14.6
8.1%
-76%
WATCHLIST
ROLLT
Small
Rollatainers Limited
Packaging
match 80
30
—
-73.8%
+81%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Commercial Syn Bags Limited operates in Packaging, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
73Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 70th percentile within Industrials. Main check: cash conversion is weak at 55/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
53 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
72nd percentile
overall median 67 · Industrials: 70th pctile, median 68 · Small: 75th pctile, median 66
Evidence depth
Financial-only
53 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
55
watch · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
79
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 59.2%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Commercial Syn Bags Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Corporate Announcement Under Regulation 42 Of The SEBI (LODR) Regulations, 2015 Regarding 'Record Date' And Intimation Of Date Of The 42Nd Annual General Meeting. 5 Sep - Record date 22 Sept 2026 set for Rs0.50 dividend; 42nd AGM on 29 Sept 2026 via VC/OAVM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 23 Sep - Submission of newspaper clipping of corrigendum to the Notice of 42nd AGM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep - We enclosed herewith copy of newspaper clipping of Notice of 42nd AGM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Aug - We are please to submit the copy of extract of Newspaper.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Successful Machine Testing And Commencement Of Trial Run Of The Expanded Manufacturing Capacity Of Unit-Techtex. 15 Jul - Successful machine testing and trial run started on 15 July 2026; commercial production expected by 22 July 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - For Commencement Of Commercial Production Of The Expanded Manufacturing Capacity Of Unit-Techtex 22 Jul - Techtex expanded capacity started commercial production on 22 July 2026; 1,500 MTPA addition at Pithampur.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015. 27 Jun - Techtex expanded capacity commissioning; trial run by 15 July 2026, commercial production thereafter.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jun - We are pleased to submit the copy of extract on newspaper clipping of standalone and consolidated audited financial results for the quarter/year ended on 31st …
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
Annual reportMar 2026
Sep 2026 · Submission Of Compliance Of Regulation 30 And 36 (1) Of The SEBI (LODR) Regulation, 2015: E-Mail/Dispatch Of A Letter For Annual Report 2025-26. 9 Sep - Annual Report 2025-26 and AGM notice sent; 42nd AGM on 29 September 2026, final dividend Rs.0.50 declared.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.