Why is Commercial Syn Bags Ltd ?
1
Low ability to service debt as the company has a high Debt to EBITDA ratio of 2.68 times
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 2.68 times
2
Poor long term growth as Net Sales has grown by an annual rate of 12.61% and Operating profit at 16.78% over the last 5 years
3
Flat results in Mar 26
- PBT LESS OI(Q) At Rs 6.72 cr has Fallen at -22.40%
4
With ROCE of 12.4, it has a Fair valuation with a 2.7 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 35.16%, its profits have risen by 53.7% ; the PEG ratio of the company is 0.5
5
Despite the size of the company, domestic mutual funds hold only 0% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
6
Market Beating performance in long term as well as near term
- Along with generating 35.16% returns in the last 1 year, the stock has outperformed BSE500 in the last 3 years, 1 year and 3 months
How much should you hold?
- Overall Portfolio exposure to Commerl. Synbags should be less than 10%
- Overall Portfolio exposure to Packaging should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Packaging)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Commerl. Synbags for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Commerl. Synbags
35.16%
1.02
34.44%
Sensex
-7.55%
-0.58
13.06%
Quality key factors
Factor
Value
Sales Growth (5y)
12.61%
EBIT Growth (5y)
16.78%
EBIT to Interest (avg)
2.98
Debt to EBITDA (avg)
3.24
Net Debt to Equity (avg)
0.69
Sales to Capital Employed (avg)
1.39
Tax Ratio
14.10%
Dividend Payout Ratio
9.33%
Pledged Shares
0
Institutional Holding
0.28%
ROCE (avg)
9.97%
ROE (avg)
11.27%
Valuation Key Factors 
Factor
Value
P/E Ratio
26
Industry P/E
35
Price to Book Value
3.87
EV to EBIT
21.83
EV to EBITDA
16.88
EV to Capital Employed
2.70
EV to Sales
2.09
PEG Ratio
0.50
Dividend Yield
0.23%
ROCE (Latest)
12.37%
ROE (Latest)
14.82%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
Bearish
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bearish
Bullish
Dow Theory
No Trend
No Trend
OBV
Mildly Bullish
Mildly Bullish
Technical Movement
4What is working for the Company
PAT(9M)
At Rs 20.76 cr has Grown at 36.67%
NET SALES(Q)
Highest at Rs 100.56 cr
-3What is not working for the Company
PBT LESS OI(Q)
At Rs 6.72 cr has Fallen at -22.40%
Loading Valuation Snapshot...
Here's what is working for Commerl. Synbags
Profit After Tax (PAT) - Nine Monthly
At Rs 20.76 cr has Grown at 36.67%
Year on Year (YoY)MOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Net Sales - Quarterly
Highest at Rs 100.56 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Profit After Tax (PAT) - Nine Monthly
Higher at Rs 20.76 Cr
than preceding 12 month period ended Mar 2026 of Rs 20.74 crMOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
PAT (Rs Cr)
Here's what is not working for Commerl. Synbags
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 6.72 cr has Fallen at -22.40%
Year on Year (YoY)MOJO Watch
Near term PBT trend is very negative
PBT less Other Income (Rs Cr)






