COMMERCIAL SYN BAGS ORD (BSE) (COMSYN) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of COMMERCIAL SYN BAGS ORD (BSE) ₹110, price ₹283, upside -61.2%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
32‑month range ₹54.94 – ₹306.55 · fair‑value band ₹81.07 – ₹137.06 · the ₹282.85 price screens above the ₹109.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Commercial Syn Bags Limited, together with its subsidiary, Comsyn India Private Limited, engages in the manufacturing and exporting of various packaging solutions in India and internationally. It operates through two segments, Manufacturing and Trading.
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Commercial Syn Bags Limited, together with its subsidiary, Comsyn India Private Limited, engages in the manufacturing and exporting of various packaging solutions in India and internationally. It operates through two segments, Manufacturing and Trading. The company offers flexible intermediate bulk container (FIBC) comprising tunnel lift, builder, circular, skip, baffle, UN, silo, single-loop, two-loop, BOPP laminated, type C, and ventilated FIBC bags; HDPE/PP bags; HDPE/PP fabric; and tarpaulin under the TIGER TARPAULIN brand name. It also provides ground cover, pond liners, mulch films, laminates, vermi beds, and flexible pipes under the COMSYN SWAJAL brand name. In addition, the company offers geotextiles, ground cover, nets, and other technical textiles products, as well as various other products under the COMSYN brand name. Further, it provides container, planter, and waste bags; geomembrane and apron covers; and courier parcel large delivery and shopping bags. Additionally, the company trades in granules. It serves the construction, agriculture, asbestos waste removal, bulk packaging, household waste removal, human safety, gardens, green houses, shelter, grain, pulses, animal food, seeds, fertilizers, chemicals, and food products. The company also exports its products to the European Union, the United Kingdom, the United States, and Latin America. Commercial Syn Bags Limited was incorporated in 1984 and is based in Indore, India.
Stock analysis
COMMERCIAL SYN BAGS ORD (BSE) (COMSYN) currently trades at ₹282.85, while our model-based Fair Value estimate is ₹109.65, implying the stock looks roughly 157.9% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹115.81 per share, and 0 of the 16 models we run sit above the ₹282.85 price.
Bear case: the Asset-Based group reads lowest at ₹29.48, and 16 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹81.07 (bear) to ₹137.06 (bull), the price of ₹282.85 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
COMMERCIAL SYN BAGS ORD (BSE) reported revenue of ₹3.9B in FY2026 versus ₹3.2B in FY2022, a compound +4.7%/yr. Reported net income was ₹263M in FY2026, compounding +9.5%/yr from FY2022.
Key figures
Market cap ₹11.9B (≈ $124M) · P/E ratio 45.1 · P/S ratio 3.07 · EPS (TTM) ₹6.27 · Dividend yield 0.2% · Net margin 6.8% · Return on equity 16.1% · Return on assets (EBIT) 24.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 105% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −16% fair-value upside, at −61%, COMSYN screens richer than that median.
Fair Value models
Bear ₹81.07Fair Value ₹109.65Bull ₹137.06
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹3.09 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.61/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.8%
Start year 2021 (pandemic). Over 10 years: +12.7% a year
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.3%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+6.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.1%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13.2% vs 14.1%, steady
Profit margin 2020 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 10%
2026 sits 201% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare COMMERCIAL SYN BAGS ORD (BSE) with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Packaging & Containers · 267 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−61.2% · Bottom 25%
Profitability
Return on equity (TTM)16.1% · Top 25%
Return on assets7.5% · Top 25%
Net margin (TTM)6.8% · Above median
Operating margin (TTM)9.1% · Above median
Growth and dividend
Revenue growth2.8% · Above median
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.15× · Below median
Valuation Multiplesvs Packaging & Containers median · lower = cheaper
P/E (TTM)45.1× · Priciest 25%
P/B6.69× · Priciest 25%
P/S (TTM)3.05× · Priciest 25%
EV/EBITDA23.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 23
FUTURE (revenue growth)14· sector 3
PAST (return on equity)64· sector 22
HEALTH (low debt)93· sector 92
DIVIDEND (yield)5· sector 47
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "COMMERCIAL SYN BAGS ORD (BSE) Fair Value". https://www.fairvalue-calculator.com/stock/COMSYN
Frequently asked questions
Is COMMERCIAL SYN BAGS ORD (BSE) (COMSYN) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹109.65 versus a price of ₹282.85, about −61% upside (overvalued).
What is the fair value of COMSYN?
Our model-based fair value for COMMERCIAL SYN BAGS ORD (BSE) is ₹109.65 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹282.85.
What is the quality score of COMSYN?
COMMERCIAL SYN BAGS ORD (BSE) has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
Our model-based price target is the fair value of ₹109.65 (as of Sep 27, 2026) from 16 valuation models. Cautious scenario ₹81.07, optimistic scenario ₹137.06. It is a calculation from audited fundamentals, not an analyst target.
What is the COMMERCIAL SYN BAGS ORD (BSE) stock forecast for 2026?
Our models put fair value at ₹109.65, about −61% upside versus a price of ₹282.85 (overvalued). Cautious scenario ₹81.07, optimistic scenario ₹137.06. The calculation is refreshed regularly with new filings.
What is the revenue of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
COMMERCIAL SYN BAGS ORD (BSE) reported trailing-twelve-month revenue of about ₹3.9B (latest available figure, as of Sep 27, 2026).
Does COMMERCIAL SYN BAGS ORD (BSE) pay a dividend?
COMMERCIAL SYN BAGS ORD (BSE) currently shows a dividend yield of about 0.25% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For COMMERCIAL SYN BAGS ORD (BSE) it is ₹109.65 per share (as of Sep 27, 2026), against a price of ₹282.85. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is COMMERCIAL SYN BAGS ORD (BSE) stock overvalued or undervalued in 2026?
As of Sep 27, 2026, COMSYN trades above its calculated fair value: price ₹282.85, fair value ₹109.65, a gap of about −61% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of COMSYN?
No. The price is what the market pays today (₹282.85); the fair value is what the company's own numbers justify (₹109.65). For COMMERCIAL SYN BAGS ORD (BSE) the two are ₹173.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is COMMERCIAL SYN BAGS ORD (BSE) worth?
The market values COMMERCIAL SYN BAGS ORD (BSE) at about ₹11.9B (market capitalisation, as of Sep 27, 2026). Per share that is ₹282.85; our models calculate a fair value of ₹109.65 per share.
What do the bullish and bearish scenarios say about COMSYN?
Our models span a range for COMMERCIAL SYN BAGS ORD (BSE): cautious scenario ₹81.07, base ₹109.65, optimistic ₹137.06 per share (as of Sep 27, 2026, price ₹282.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of COMSYN?
COMMERCIAL SYN BAGS ORD (BSE) trades at a price-to-earnings ratio of 45.1 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹109.65 is built from several models across several years. Other multiples: P/B 6.7, P/S 3.0, EV/EBITDA 23.9.
How solid is the balance sheet of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
Balance-sheet figures for COMMERCIAL SYN BAGS ORD (BSE) (as of Sep 27, 2026): return on equity 16.1%, debt of 0.15 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is COMSYN from its 52-week high?
COMMERCIAL SYN BAGS ORD (BSE) trades at ₹282.85, about 8% below its 52-week high of ₹306.55 and 105% above the low of ₹138.00 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹109.65 is for.
Which stocks are comparable to COMMERCIAL SYN BAGS ORD (BSE)?
From the same area (Consumer Cyclical) we also value Smurfit Westrock Plc,, Packaging Corporation, International Paper Company, Ball Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is COMMERCIAL SYN BAGS ORD (BSE) stock attractive at the current price?
The data as of Sep 27, 2026: price ₹282.85, calculated fair value ₹109.65 (−61%), Quality Score 42/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of COMSYN calculated?
We run COMMERCIAL SYN BAGS ORD (BSE) through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹109.65, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. COMMERCIAL SYN BAGS ORD (BSE) itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
The closing price on Sep 25, 2026 was ₹282.85. Our model-based fair value is ₹109.65, about −61% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with COMMERCIAL SYN BAGS ORD (BSE) right now?
The price sits above even our optimistic bull case (₹137.06). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN) come from?
Earnings per share at COMMERCIAL SYN BAGS ORD (BSE) grew +10.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +9.5 %, EBIT margin −1.1 %, tax rate +1.5 %, residual (interest, one-offs) +0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of COMMERCIAL SYN BAGS ORD (BSE)
How large is the market capitalisation of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
The market capitalisation of COMMERCIAL SYN BAGS ORD (BSE) is ₹11.9B (≈ $124M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
The price-to-sales ratio of COMMERCIAL SYN BAGS ORD (BSE) is 3.07 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
Earnings per share at COMMERCIAL SYN BAGS ORD (BSE) are ₹6.27 (price ÷ EPS = P/E 45.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
The dividend yield of COMMERCIAL SYN BAGS ORD (BSE) is 0.2% (payout 11.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
The net margin of COMMERCIAL SYN BAGS ORD (BSE) is 6.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
The return on equity (ROE) of COMMERCIAL SYN BAGS ORD (BSE) is 16.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
On an EBIT basis the return on assets of COMMERCIAL SYN BAGS ORD (BSE) is 24.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
The operating margin of COMMERCIAL SYN BAGS ORD (BSE) is 9.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
Revenue at COMMERCIAL SYN BAGS ORD (BSE) is growing +2.8% versus a year earlier (3y avg +10.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at COMMERCIAL SYN BAGS ORD (BSE) (COMSYN)?
Earnings per share at COMMERCIAL SYN BAGS ORD (BSE) are growing −25.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does COMMERCIAL SYN BAGS ORD (BSE) (COMSYN) generate?
The free cash flow of COMMERCIAL SYN BAGS ORD (BSE) is −₹61.5M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does COMMERCIAL SYN BAGS ORD (BSE) (COMSYN) carry?
The net debt of COMMERCIAL SYN BAGS ORD (BSE) is ₹1.2B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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