COMSYN

Indore, India Founded: 1986 • Age: 40 yrs Listed
Bulk packaging solutions are provided by COMSYN in India.
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About COMSYN

COMSYN is a publicly listed company based in Indore (India) founded in 1986. Bulk packaging solutions are provided by COMSYN in India. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. The company has 2,460 employees. Its Indian entity Commercial Syn Bags Limited reported revenue of ₹390 Cr. COMSYN offers products and services including FIBC Bags, PP Woven Bags, and Tarpaulin/Tarps. Its focus areas include Manufacturing, Packaging and Flexible Packaging.

Company details

Bulk packaging solutions, including FIBC bags, PP woven bags, and tarpaulins, are manufactured and exported by COMSYN. Various industries such as food, chemicals, mining, and construction are served. High-quality standards, including BRC and ISO 22000 certifications for food-grade products, are maintained. Operations are based in Indore, India, with a global presence across six continents. Sustainable practices and ethical corporate behavior are emphasized to create long-term value for stakeholders and society.

  • Headquarters Indore, India
  • Employees 2,460
  • Stage Public
  • Sectors
    Consumer
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website comsyn.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Commercial Syn Bags Limited
Operational Areas
Consumer → Fashion & Lifestyle Products
Key Metrics
  • Market Cap
    ₹862 Cr

    COMSYN · NSE

  • Share Price
    ₹205.43

    -0.08% today

  • Revenue
    ₹387 Cr

    FY 2025-26 · +11.3% YoY

  • EBITDA
    ₹48.00 Cr

    Margin 12.4%

  • Net Profit
    ₹26.31 Cr

    FY 2025-26 · +53.1% YoY

  • P/E (TTM)
    28.7x

    P/B 4.6x

  • Employee Count
    2,460

Products & Services of COMSYN

COMSYN offers a comprehensive portfolio of products and services, including FIBC Bags, PP Woven Bags, and Tarpaulin/Tarps.

FIBC Bags
Bulk Packaging

Flexible containers for bulk material storage are provided.

PP Woven Bags
Packaging

Woven polypropylene bags for various industries are offered.

Tarpaulin/Tarps
Protective Covers

Durable protective covers for multiple applications are manufactured.

Apps and channels of COMSYN

its YouTube channel Commercial Syn Bags Limited has 535 subscribers and 2 videos.

Commercial Syn Bags Limited
YouTube 535 subscribers 2 videos Film & Animation
Open channel

Videos from COMSYN

The most watched videos on COMSYN's YouTube channel, Commercial Syn Bags Limited (535 subscribers). Click a video to play it here.

COMSYN - BOPP Bags
33.1K views
Commercial Syn Bags Limited - Corporate Film
12.8K views

More on Commercial Syn Bags Limited.

Board of directors of Commercial Syn Bags Limited (COMSYN)

Commercial Syn Bags Limited is the primary company behind COMSYN. The board of Commercial Syn Bags Limited currently have 6 directors; the longest-serving is Anil Choudhary, appointed in 2008. 13 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Anil Choudhary
DIN 00017913
Managing Director20 Feb 200818 yrs 8 moCommercial Syn Bags Limited
Ranjana Choudhary
DIN 03349699
Whole-time director05 Jun 201115 yrs 4 moCommercial Syn Bags Limited
Virendra Singh Pamecha
DIN 07456367
Whole-time director26 Mar 201610 yrs 7 moCommercial Syn Bags Limited
Milind Mahajan
DIN 00155762
Director10 May 20179 yrs 5 moCommercial Syn Bags Limited
Vijay Kumar Bansal
DIN 09002441
Director14 Feb 20215 yrs 8 moCommercial Syn Bags Limited
Sunil Agrawal
DIN 11160031
Director19 Jun 20251 yr 4 moCommercial Syn Bags Limited

IPO & Listings of COMSYN

COMSYN is a publicly listed company on the NSE with ticker symbol COMSYN in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date23 Jan 2024
  • Listed onNSE: COMSYN
  • Listed entityCommercial Syn Bags Limited
  • Exchange sectorProcess industries
  • ISININE073V01015
  • Share price₹255.05 (-1.51% on the day) · 2026-10-14
  • Market capitalisation₹1,049 Cr
  • Price to earnings36.0
  • EPS (diluted, trailing year)₹7.08
  • Dividend yield0.19%
  • Volume (last session)899,376

Financials of COMSYN

Exchange-reported figures of Commercial Syn Bags Limited, the listed company behind COMSYN (NSE: COMSYN).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹387 Cr
+11.3% YoY
EBITDA
₹48.00 Cr
+34.9% YoY
Profit After Tax
₹26.31 Cr
+53.1% YoY
Net Worth
₹178 Cr
+18.3% YoY
Total Assets
₹310 Cr
+15.4% YoY
Total Debt
₹129 Cr
+12.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue387348288290323214191
Revenue growth+11.3%+20.6%-0.6%-10.1%+50.9%+11.9%-
EBITDA48.0035.5726.7323.6133.6124.7623.77
EBITDA margin+12.4%+10.2%+9.3%+8.1%+10.4%+11.6%+12.5%
Profit before tax30.6321.4210.739.4721.1914.5114.44
Net profit26.3117.188.078.0618.3312.0111.32
Net profit margin+6.8%+4.9%+2.8%+2.8%+5.7%+5.6%+5.9%
EPS (₹)6.274.291.972.0214.7610.149.67
Balance sheet
Total assets310269241199192167122
Net worth17815012912110678.7068.91
Total debt12911510975.5383.9186.1652.10
Cash & bank5.676.064.524.815.176.054.49
Net working capital13213196.8974.3992.1076.1547.36
Cash flow
Cash from operations38.931.026.1037.606.31(8.82)27.07
Cash from investing(45.31)(0.21)(28.81)(29.88)(7.48)(17.22)(17.05)
Cash from financing5.200.3823.12(8.34)(0.54)28.06(10.06)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10910197.4898.4590.5197.7986.4986.65
Revenue growth (YoY)+20.6%+2.8%+12.7%+13.6%+17.7%---
Other income0.801.410.150.360.712.250.130.80
EBITDA15.6811.9012.0913.0011.0111.399.447.86
EBITDA margin+14.4%+11.8%+12.4%+13.2%+12.2%+11.6%+10.9%+9.1%
Depreciation2.982.752.732.672.720.522.642.67
Interest1.992.432.162.102.442.202.742.10
Profit before tax11.518.137.358.596.5610.924.193.89
Tax2.581.791.350.171.022.850.680.30
Net profit8.936.346.008.425.548.073.513.59
EPS (₹)2.131.511.432.011.322.020.880.90
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue384342286291322214191
Revenue growth+12.4%+19.6%-2.0%-9.4%+50.4%+12.0%-
EBITDA44.8030.1623.1420.0830.4126.1423.76
EBITDA margin+11.7%+8.8%+8.1%+6.9%+9.5%+12.2%+12.4%
Profit before tax31.1517.589.889.4620.9014.6014.43
Net profit26.9614.047.568.1418.2312.1111.31
Net profit margin+7.0%+4.1%+2.7%+2.8%+5.7%+5.7%+5.9%
EPS (₹)6.433.481.812.0214.6610.239.67
Balance sheet
Total assets291245229188181159122
Net worth17414612812010678.8068.91
Total debt11395.0698.0165.0972.7077.7952.10
Cash & bank5.586.034.504.805.116.054.49
Net working capital13212810583.8010378.4947.36
Cash flow
Cash from operations32.498.044.3836.263.61(0.89)27.07
Cash from investing(43.66)1.25(28.63)(30.01)(2.71)(16.55)(17.05)
Cash from financing9.94(8.12)24.63(6.82)(2.66)19.47(10.06)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10810096.9997.4489.3897.0283.8485.63
Revenue growth (YoY)+21.2%+3.3%+15.7%+13.8%+19.0%---
Other income1.342.200.700.950.612.450.750.28
Total expenses93.7688.9185.6685.3679.2486.9975.8879.11
EBITDA14.5411.2711.3312.0810.1410.037.966.52
EBITDA margin+13.4%+11.2%+11.7%+12.4%+11.3%+10.3%+9.5%+7.6%
Depreciation2.672.442.442.372.400.432.342.36
Interest1.842.142.052.012.262.162.541.92
Profit before tax11.378.897.548.656.099.893.832.52
Tax1.681.771.290.101.042.670.560.12

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10910197.4898.4590.5197.7986.4986.65
Revenue growth (YoY)+20.6%+2.8%+12.7%+13.6%+17.7%---
Other income0.801.410.150.360.712.250.130.80
EBITDA15.6811.9012.0913.0011.0111.399.447.86
EBITDA margin+14.4%+11.8%+12.4%+13.2%+12.2%+11.6%+10.9%+9.1%
Depreciation2.982.752.732.672.720.522.642.67
Interest1.992.432.162.102.442.202.742.10
Profit before tax11.518.137.358.596.5610.924.193.89
Tax2.581.791.350.171.022.850.680.30
Net profit8.936.346.008.425.548.073.513.59
EPS (₹)2.131.511.432.011.322.020.880.90
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue387348288290323214191
Revenue growth+11.3%+20.6%-0.6%-10.1%+50.9%+11.9%-
Other income2.624.033.341.623.611.341.86
Total expenses339312262267289189167
Employee cost0.0058.3351.1644.7943.2937.5632.12
EBITDA48.0035.5726.7323.6133.6124.7623.77
EBITDA margin+12.4%+10.2%+9.3%+8.1%+10.4%+11.6%+12.5%
Depreciation10.878.8210.939.629.457.666.90
Interest9.129.368.416.146.583.934.29
Profit before tax30.6321.4210.739.4721.1914.5114.44
Tax4.324.292.881.372.892.533.02
Net profit26.3117.188.078.0618.3312.0111.32
Net profit margin+6.8%+4.9%+2.8%+2.8%+5.7%+5.6%+5.9%
EPS (₹)6.274.291.972.0214.7610.149.67
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital40.3439.9539.9539.9512.4011.8211.82
Reserves & surplus13410688.7880.5890.3266.8857.09
Shareholders' funds (net worth)17815012912110678.7068.91
Minority interest0.000.000.000.000.000.000.00
Secured loans12095.4799.8068.3576.5478.3749.23
Unsecured loans8.4319.228.747.187.377.792.87
Total debt12911510975.5383.9186.1652.10
Total liabilities310269241199192167122
Assets
Gross block17515815813712310771.06
Net block10699.7310898.6393.6987.1058.04
Capital work in progress26.081.650.1112.880.000.3013.84
Investments23.6923.4922.18(0.16)(0.04)0.000.00
Inventories82.5480.7272.1458.1359.3156.8730.23
Sundry debtors65.3846.1842.4127.6535.6621.3418.43
Cash & bank balances5.676.064.524.815.176.054.49
Loans & advances24.7531.096.869.6718.7017.948.79
Total current assets17816412610011910261.94
Total current liabilities45.9532.9929.0425.8726.7426.0514.58
Net working capital13213196.8974.3992.1076.1547.36
Total assets310269241199192167122
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.650.460.060.672.380.360.40
Net cash from operating activities38.931.026.1037.606.31(8.82)27.07
Net cash from investing activities(45.31)(0.21)(28.81)(29.88)(7.48)(17.22)(17.05)
Net cash from financing activities5.200.3823.12(8.34)(0.54)28.06(10.06)
Net change in cash(1.18)1.180.40(0.61)(1.71)2.02(0.04)
Closing cash5.676.064.524.815.176.054.49
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+11.3%+20.6%-0.6%-10.1%+50.9%+11.9%-
EBITDA growth+35.0%+33.1%+13.2%-29.8%+35.7%+4.2%-
PBT growth+43.0%+99.6%+13.3%-55.3%+46.0%+0.5%+9997.0%
Net income growth+53.1%+112.9%+0.1%-56.0%+52.6%+6.1%-
Revenue CAGR (3Y)+10.1%+2.5%+10.5%+15.0%---
EBITDA CAGR (3Y)+26.7%+1.9%+2.6%-0.2%---
Profitability & leverage
Net income margin+6.8%+4.9%+2.7%+2.8%+5.7%+5.6%+6.0%
Return on capital employed-+12.1%+8.7%+8.0%+15.5%+12.8%+15.4%
Return on net worth-+12.3%+6.3%+7.2%+19.9%+16.2%+16.6%
Debt / equity-0.800.740.700.920.940.76
Long-term debt / equity-0.240.320.330.390.440.40
Interest cover24.5634.9953.2343.8927.2422.9825.43
Efficiency & per share
Fixed asset turnover-2.211.962.232.812.402.69
Inventory turnover-4.554.434.945.554.916.32
Debtors turnover-7.858.239.1711.3210.7510.36
EPS (₹)6.274.291.972.0214.7610.149.67
Dividend per share (₹)0.000.400.000.002.102.001.50
Book value per share (₹)0.0036.6632.2230.1782.8366.6058.31
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10810096.9997.4489.3897.0283.8485.63
Revenue growth (YoY)+21.2%+3.3%+15.7%+13.8%+19.0%---
Other income1.342.200.700.950.612.450.750.28
Total expenses93.7688.9185.6685.3679.2486.9975.8879.11
EBITDA14.5411.2711.3312.0810.1410.037.966.52
EBITDA margin+13.4%+11.2%+11.7%+12.4%+11.3%+10.3%+9.5%+7.6%
Depreciation2.672.442.442.372.400.432.342.36
Interest1.842.142.052.012.262.162.541.92
Profit before tax11.378.897.548.656.099.893.832.52
Tax1.681.771.290.101.042.670.560.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue384342286291322214191
Revenue growth+12.4%+19.6%-2.0%-9.4%+50.4%+12.0%-
Other income4.463.993.203.064.480.021.86
Total expenses339311262271291188167
Employee cost0.0055.5048.5942.4241.0837.2532.12
EBITDA44.8030.1623.1420.0830.4126.1423.76
EBITDA margin+11.7%+8.8%+8.1%+6.9%+9.5%+12.2%+12.4%
Depreciation9.657.819.668.358.217.526.90
Interest8.468.766.805.335.784.044.29
Profit before tax31.1517.589.889.4620.9014.6014.43
Tax4.193.692.631.382.702.523.02
Net profit26.9614.047.568.1418.2312.1111.31
Net profit margin+7.0%+4.1%+2.7%+2.8%+5.7%+5.7%+5.9%
EPS (₹)6.433.481.812.0214.6610.239.67
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital40.3439.9539.9539.9512.4011.8211.82
Reserves & surplus13110287.9780.4190.1466.9857.09
Shareholders' funds (net worth)17414612812010678.8068.91
Secured loans11092.6495.7263.9171.4967.2749.23
Unsecured loans2.802.422.291.181.2110.522.87
Total debt11395.0698.0165.0972.7077.7952.10
Total liabilities291245229188181159122
Assets
Gross block14713613511599.1597.0471.06
Net block84.4082.7089.6078.9971.4677.4858.04
Capital work in progress9.050.000.0012.880.000.2813.84
Investments22.7922.4322.22(0.01)0.110.150.00
Inventories78.1779.5667.0955.6755.8554.9930.23
Sundry debtors65.0943.1641.2627.6535.0721.3318.43
Cash & bank balances5.586.034.504.805.116.054.49
Loans & advances23.5930.7715.7619.8932.4521.508.79
Total current assets17216012910812810461.94
Total current liabilities40.2331.8623.9124.2125.2625.3814.58
Net working capital13212810583.8010378.4947.36
Total assets291245229188181159122
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.620.450.060.622.380.360.40
Net cash from operating activities32.498.044.3836.263.61(0.89)27.07
Net cash from investing activities(43.66)1.25(28.63)(30.01)(2.71)(16.55)(17.05)
Net cash from financing activities9.94(8.12)24.63(6.82)(2.66)19.47(10.06)
Net change in cash(1.23)1.170.39(0.56)(1.76)2.02(0.04)
Closing cash5.586.034.504.805.116.054.49
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+12.4%+19.6%-2.0%-9.4%+50.4%+12.0%-
EBITDA growth+48.5%+30.3%+15.2%-34.0%+16.3%+10.0%-
PBT growth+77.2%+77.9%+4.4%-54.7%+43.2%+1.2%-3.9%
Net income growth+92.0%+85.7%-7.1%-55.4%+50.5%+7.1%-
Revenue CAGR (3Y)+9.6%+2.0%+10.1%+15.1%+15.9%+9.9%+17.1%
EBITDA CAGR (3Y)+30.7%-0.3%-4.0%-5.5%+5.8%+20.2%+26.4%
Profitability & leverage
Net income margin+7.0%+4.1%+2.5%+2.8%+5.7%+5.7%+6.0%
Return on capital employed-+11.1%+8.0%+8.0%+15.7%+13.3%+15.9%
Return on net worth-+10.2%+5.8%+7.2%+19.7%+16.4%+17.9%
Debt / equity-0.700.660.610.820.880.83
Long-term debt / equity-0.190.260.260.290.380.38
Interest cover24.0739.1950.4545.4426.0421.7025.44
Efficiency & per share
Fixed asset turnover-2.522.282.723.282.542.80
Inventory turnover-4.664.655.235.805.027.72
Debtors turnover-8.098.299.2911.4010.767.03
EPS (₹)6.433.481.812.0214.6610.239.67
Dividend per share (₹)0.000.400.000.002.102.001.50
Book value per share (₹)0.0035.6332.0230.1382.6866.6858.31

Web traffic of COMSYN

The website of COMSYN (comsyn.com) receives about 3.8K visits a month.

  • Monthly visits
    3.8K

    ▲ 12.9% vs previous month

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Top companies in Fashion & Lifestyle Products

3 companies that operate in the same segment as COMSYN (Fashion & Lifestyle Products) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Lenskart
Eyewear is offered online for men, women, and kids.
2010Gurugram, Haryana, IndiaUSD 1.04 BUSD 939.4 M18,984
Kalyan Jewellers
Jewellery is retailed via stores and an online platform.
1993Thrissur, Kerala, IndiaUSD 3.81 B12,530
Tanishq
Fine jewelry brand
1994Bengaluru, Karnataka, IndiaUSD 6.03 B7,331
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Related news about Comsyn

Commercial Syn Bags Commences Trial Run Of Expanded Manufacturing Facility
Reuters • 3 months ago
Commercial Syn Bags Receives DSIR Recognition For In-House Research And Development Unit
Reuters • 1 year ago
Commercial Syn Bags consolidated net profit rises 187.56% in the June 2025 quarter | Capital Market News - Business Standard
Business Standard • 1 year ago
Commercial Syn Bags To Consider Raising Funds
Reuters • 1 year ago
Commercial Syn Bags To Acquire Shares of Smartlift Bulk Packaging
Reuters • 2 years ago
Commercial Syn Bags Reappointed Anil Choudhary As Chairman, MD
Reuters • 3 years ago
Commercial Syn Bags Setup A New Unit Techtex In Indore, Madhya Pradesh
Reuters • 3 years ago
Commercial Syn Bags To Consider Bonus Issue Of Shares
Reuters • 4 years ago
Commercial Syn Bags To Consider Conversion Of Warrants Into Shares
Reuters • 4 years ago
Commercial Syn Bags Acquired Assets Of Geotech Worldwide,Division Of Neo Corp International
Reuters • 4 years ago
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Frequently Asked Questions about COMSYN

COMSYN was founded in 1986.

COMSYN is headquartered in Indore, India. It is registered at Indore, Madhya Pradesh, India.

COMSYN has 2,460 employees.

The primary company behind COMSYN, Commercial Syn Bags Limited, reported revenue of ₹390 Cr for FY 2026, up 11% year on year.

Bulk packaging solutions, including FIBC bags, PP woven bags, and tarpaulins, are manufactured and exported by COMSYN. Various industries such as food, chemicals, mining, and construction are served. High-quality standards, including BRC and ISO 22000 certifications for food-grade products, are maintained. Operations are based in Indore, India, with a global presence across six continents. Sustainable practices and ethical corporate behavior are emphasized to create long-term value for stakeholders and society.

COMSYN offers FIBC Bags, PP Woven Bags, and Tarpaulin/Tarps.

Yes, COMSYN is publicly traded on NSE under the ticker symbol COMSYN.

COMSYN operates through Commercial Syn Bags Limited.

The legal entities of COMSYN currently have 9 directors, including Milind Mahajan, Abhishek Kumar Jain, Virendra Singh Pamecha and others.

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