Commercial Syn Bags Limited

BSE: 539986 NSE: COMSYN
Commercial Syn Bags Limited - packaging in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
CIN L25202MP1984PLC002669 Incorporated 10 December 1984 ROC Gwalior HQ Indore, Madhya Pradesh, India
Active Listed - NSE: COMSYN · BSE: 539986 Public Limited Company packaging MSME · Medium
Data last updated
Market Cap
₹862 Cr
COMSYN · NSE
Share Price
₹230.80
+12.35% 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)
29.0x
P/B 4.6x
Authorised capital
₹42.5 Cr
Registered with MCA
Paid-up capital
₹40.34 Cr
Issued & subscribed

About Commercial Syn Bags Limited

Data last updated:

Commercial Syn Bags Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 10 December 1984 and has been in existence for over 42 years.

The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L25202MP1984PLC002669. Its GSTIN is 23AABCC2596D1Z0 (Madhya Pradesh). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 539986 and NSE: COMSYN.

The company has an authorised share capital of ₹42.5 Cr and a paid-up capital of ₹40.34 Cr. It was formerly known as Commercial Syn-Bags Private Limited and Commercial Synbags Private Limited. It is led by directors including Anil Choudhary (Managing Director) and Virendra Singh Pamecha (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Commercial House 3 – 4 Jaora Compound M.Y.H. Road, Indore, Madhya Pradesh, India – 452001.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹387 Cr, a growth of 11.3% compared to the previous year. For the same year it recorded a net profit of ₹26.31 Cr (net margin 6.8%) and EBITDA of ₹48 Cr (EBITDA margin 12.4%). The net worth stands at ₹177.51 Cr (up 18.3% YoY). Total assets are valued at ₹310.46 Cr (up 15.4% YoY).

The company has about 1,653 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Comsyn. As per MCA filings, the company has open charges of ₹251.96 Cr and satisfied charges of ₹99.76 Cr on record. Court records list 9 cases involving the company, including 4 filed by the company and 5 filed against it; 2 cases are pending. The company has 56 deals on record (54 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹7.9 Cr; the latest was in September 2026. Its 9 peer companies in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 5 larger and 4 smaller; the largest is Osrm Tech Pack Private Limited with revenue of ₹394.5 Cr. The company has 12 MSME Form 1 returns on record between 2020 and 2023, listing 430 overdue payments to 94 micro and small suppliers.

Commercial Syn Bags Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-17-0000250). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website comsyn.com.

Company details

CIN L25202MP1984PLC002669
Registration Number 002669
Incorporation Date 10 December 1984
ROC Gwalior
Listing Status Listed - Listed on NSE (COMSYN); Listed on BSE (539986)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MP-17-0000250

Name history

Commercial Syn Bags has undergone 3 name changes throughout its history. The company was previously known as Commercial Syn-Bags Private Limited, Commercial Synbags Private Limited, and Commercial Synbags Ltd. The current legal name is Commercial Syn Bags Limited.

Company NameStatus
Commercial Syn Bags LimitedCurrent
Commercial Syn-Bags Private LimitedPrevious
Commercial Synbags Private LimitedPrevious
Commercial Synbags LtdPrevious

CIN history

Commercial Syn Bags has one previous CIN (Corporate Identification Number): U25202MP1984PLC002669. The current CIN is L25202MP1984PLC002669, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L25202MP1984PLC002669Current
U25202MP1984PLC002669Previous
Key People
Anil Choudhary Managing Director Virendra Singh Pamecha Whole-Time Director Ranjana Choudhary Whole-Time Director

Recognitions & Rankings of Commercial Syn Bags

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MP-17-0000250

Contact details

Commercial Syn Bags Limited's registered office is in Indore, Madhya Pradesh. Its website is comsyn.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    comsyn.com
  • Social Media
  • Registered Address
    Commercial House 3 – 4 Jaora Compound M.Y.H. Road, Indore, Madhya Pradesh, India – 452001
  • Industry
    Packaging, Woven Packaging Products

To see the full contact details of Commercial Syn Bags Limited, buy the company report.

Comprehensive company report
Commercial Syn Bags Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Commercial Syn Bags operates one associated brand: COMSYN. Each brand links to its own profile.

BrandDescriptionWebsite
COMSYN
Bulk packaging solutions are provided by COMSYN in India.comsyn.com

Business activity

The main business activities of Commercial Syn Bags are manufacturing and trade. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and wholesale trading. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Commercial Syn Bags Limited, buy the company report.

Financials of Commercial Syn Bags Limited

FY 2025-26 filings available

Commercial Syn Bags Limited reported revenue of ₹387 Cr (up 11.3% YoY) for FY 2025-26.

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 04 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

To see the full year-wise statements and ratios of Commercial Syn Bags Limited, buy the company report.

Board of directors of Commercial Syn Bags Limited

Commercial Syn Bags has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Milind Mahajan
Also directs: Sam Flexipack Solutions LLP, Midwest Autosales Private Limited, Midwest Automobiles Private Limited and 4 more
Director10 May 20179 Years 5 MonthsCurrent
Virendra Singh Pamecha
Also directs: Comsyn International Private Limited, Comsyn India Private Limited
Whole-Time Director26 Mar 201610 Years 7 MonthsCurrent
Anil Choudhary
Also directs: C K Associates Realty LLP, Aba Realbuild Private Limited, Comsyn Foundation and 1 more
Managing Director20 Feb 200818 Years 8 MonthsCurrent
Ranjana ChoudharyWhole-Time Director05 Jun 201115 Years 4 MonthsCurrent
Vijay Kumar BansalDirector14 Feb 20215 Years 8 MonthsCurrent
Sunil AgrawalDirector19 Jun 20251 Years 4 MonthsCurrent
View all directors

Peer comparison

Commercial Syn Bags Limited is compared with the 9 companies closest to it by revenue in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Osrm Tech Pack Private Limited₹394.5 Cr (FY 2025)52.0%Rewa, Madhya Pradesh, India
Commercial Syn Bags Limitedthis company₹387 Cr (FY 2026)₹26.31 Cr6.8%11.3%1,653Indore, Madhya Pradesh, India
K. P. Woven Private Limited₹378.89 Cr (FY 2025)46.0%Ahmedabad, Gujarat, India
Kandoi Fabrics Private Limited₹374.26 Cr (FY 2025)37.0%Mumbai, Maharashtra, India
Mayur Wovens Private Limited₹373.57 Cr (FY 2025)16.0%Ahmedabad, Gujarat, India
Platinium Tie-Up Private Limited₹352.11 Cr (FY 2025)53.0%Viramgam, Gujarat, India
Pratap Synthetics Limited₹348.79 Cr (FY 2025)50.0%Kolkata, West Bengal, India
Servo Packaging Limited₹335.3 Cr (FY 2025)27.0%Kolkata, West Bengal, India
Mewar Polytex Limited₹334.97 Cr (FY 2025)32.0%Rajasthan, India
Formosa Synthetics Private Limited₹329.38 Cr (FY 2025)-5.0%Bangalore, Karnataka, India

To see the full peer comparison of Commercial Syn Bags Limited, buy the company report.

Auditor

Commercial Syn Bags Limited is audited by AVINASH AGRAWAL & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
AVINASH AGRAWAL & CO.FY 2023022666C

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 59.20%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 40.80%.

Promoters: 59.20%DII (Domestic Institutional): 0.10%Retail & Others: 40.80%
Sep 2026
QUARTER
59.20% Promoters
0.10% DII (Domestic Institutional)
40.80% Retail & Others
Promoter holding - history
Now 59.20% · Sep 2026High 59.20% · Jun 2026Low 58.80% · Dec 2025
57%58%59%60%61%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 58.80%Mar 2026: 58.80%Jun 2026: 59.20%Sep 2026: 59.20%59.20%58.80%59.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters59.20%59.20%58.80%58.80%
Public40.80%40.80%41.20%41.20%

Charges & borrowings

Open charges
₹251.96 Cr
Satisfied charges
₹99.76 Cr
Breakdown by lending institutions
Others₹200.85 Cr
Hdfc Bank Limited₹26.53 Cr
State Bank of India₹24.27 Cr
Indian Overseas Bank₹0.30 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Jun 2026101324834Hdfc Bank Limited₹21.5 LakhOpen
28 Mar 2026101278293Others₹1.34 CrOpen
26 Mar 2026101273321Others₹1.21 CrOpen
03 Jul 2025101125308Indian Overseas Bank₹30 LakhOpen
21 Jun 2024100940988Hdfc Bank Limited₹35 LakhOpen

To see the full charge records of Commercial Syn Bags Limited, buy the company report.

Total charge records: 35 View all charges

Deals & funding

Commercial Syn Bags Limited has 56 deals on record (54 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹7.9 Cr; the latest was in September 2026.

Total deals
56
Market trades
54
Funding round
1
IPO
1
Disclosed funding
₹7.9 Cr

Deals on record (5 of 56)

WhenDealAmountParties
Sep 2026Market trade₹28.5 CrBuyer: Arihant Capital Markets Limited
Seller: Arihant Capital Markets Limited, Prompt Corporate Services Ltd
Sep 2026Market trade₹6.47 CrBuyer: L7 Hitech Private Limited
Seller: L7 Hitech Private Limited
Sep 2026Market trade₹27.02 CrBuyer: Arihant Capital Markets Limited
Seller: Arihant Capital Markets Limited, Praavanya Ventures LLP
Aug 2026Market trade₹57.22 CrBuyer: Arihant Capital Markets Limited, Hrti Private Limited , Junomoneta Finsol Private Limited , an individual
Seller: Arihant Capital Markets Limited, Junomoneta Finsol Private Limited , Hrti Private Limited
Aug 2026Market trade₹9.5 CrBuyer: Arihant Capital Markets Limited
Seller: Skytech Property LLP , Arihant Capital Markets Limited

To see the full deal history of Commercial Syn Bags Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Commercial Syn Bags Limited was last rated by Icra on 30 Aug 2021.

Rating agencyRated onRating
Icra30 Aug 2021

To see the full credit ratings and regulatory alerts of Commercial Syn Bags Limited, buy the company report.

MSME payment delays

Commercial Syn Bags Limited has 12 MSME Form 1 returns on record between 2020 and 2023, listing 430 overdue payments to 94 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 94)

SupplierAmount dueDue sinceReported on
Ginza Machinery Mfg Co.
an individual supplier
Somani Brothers
an individual supplier
an individual supplier

To see the full MSME payment records of Commercial Syn Bags Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Commercial Syn Bags has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Comsyn India Private LimitedU25209MP2020PTC052503

To see the full group structure of Commercial Syn Bags Limited, buy the company report.

Employees & EPFO

Commercial Syn Bags Limited has a workforce of 1,653 employees on its EPFO records as of Apr 05, 2024, across 3 active EPFO establishments.

Employee count
1,653
Active EPFO establishments
3
Employee growth
-26.4%

GST

Commercial Syn Bags has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
23AABCC2596D1Z0Madhya PradeshActive01 Jul 2017
23AABCC2596D3ZYMadhya PradeshActive01 Jul 2017
23AABCC2596D4ZXMadhya PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Commercial Syn Bags Limited, buy the company report.

Recent activity

Commercial Syn Bags Limited has 24 board changes on record since 2002: 16 appointments and 8 cessations. The latest: Hitesh Mehta ceased to be Director on 19 Jun 2025.

Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.22 Cr with Charge ID 101324834 was registered on 27 Jun 2026.
Filing
Commercial Syn Bags Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Gwalior.
Charges
A charge with Others amounted to Rs. 1.34 Cr with Charge ID 101278293 was registered on 28 Mar 2026.
Charges
A charge with Others amounted to Rs. 1.21 Cr with Charge ID 101273321 was registered on 26 Mar 2026.
Charges
A charge with Others of Rs. 187.25 Cr registered on 18 Oct 2018 with Charge ID 100220394 was modified on 11 Nov 2025.
AGM
Commercial Syn Bags Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Indian Overseas Bank amounted to Rs. 0.30 Cr with Charge ID 101125308 was registered on 03 Jul 2025.
Ceased
Hitesh Mehta ceased to be Director.
Appointed
Sunil Agrawal was appointed as Director.
Appointed
Sandeep Patel was appointed as Company Secretary.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.35 Cr with Charge ID 100940988 was registered on 21 Jun 2024.
Charges
A charge registered on 28 Jul 2020 via Charge ID 100365585 with Others was fully satisfied on 11 Jun 2024.

77 earlier events are in the company report.

News

Frequently asked questions

Commercial Syn Bags is an active public limited company based in Indore, Madhya Pradesh, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 10 December 1984 (42+ years old) and is registered under CIN L25202MP1984PLC002669. Listed on BSE: 539986 and NSE: COMSYN.

Commercial Syn Bags reported revenue of ₹387 Cr for FY 2025-26 (up 11.3% YoY) based on consolidated financials.

Commercial Syn Bags has 6 current directors:

The latest financial statements of Commercial Syn Bags on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Commercial Syn Bags is 23AABCC2596D1Z0, registered in Madhya Pradesh. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 23AABCC2596D3ZY (Madhya Pradesh), 23AABCC2596D4ZX (Madhya Pradesh).

The CIN (Corporate Identification Number) of Commercial Syn Bags is L25202MP1984PLC002669. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Commercial Syn Bags is a listed company as per MCA records. Its shares are listed on both BSE (code: 539986) and NSE (symbol: COMSYN).

Commercial Syn Bags has 9 court cases on record: 4 filed by the company and 5 filed against it. 2 are pending.

Commercial Syn Bags was incorporated on 10 December 1984, making it 42+ years old. It is registered with the Registrar of Companies, Gwalior.

Commercial Syn Bags has 56 deals on record (54 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹7.9 Cr; the latest was in September 2026.

The peers of Commercial Syn Bags by revenue are Osrm Tech Pack Private Limited, K. P. Woven Private Limited, Kandoi Fabrics Private Limited, Mayur Wovens Private Limited, Platinium Tie-Up Private Limited and 4 more, all in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).

Hitesh Mehta ceased to be Director on 19 Jun 2025. Sunil Agrawal was appointed as Director on 19 Jun 2025. Sandeep Patel was appointed as Company Secretary on 21 Feb 2025. Commercial Syn Bags has 24 board changes on record in total.