Risk factor
Very poor trading liquidity
Profitability factor
Greatly overvalued vs peers
About
Commercial Syn Bags Limited, headquartered in Indore, India, and established in 1984, provides a comprehensive array of packaging solutions for businesses. The company operates through two primary divisions: Manufacturing and Trading, handling the production, processing, import, export, procurement, and sale of its diverse product range. Its extensive offerings include flexible intermediate bulk containers (FIBCs), high-density polyethylene (HDPE) and polypropylene (PP) woven sacks, various fabrics, and container bags. Under the "TIGER TARPAULIN" brand, it supplies tarpaulins, alongside pond liners and mulch films. The "COMSYN SWAJAL" brand features vermi beds and flexible pipes. Additionally, the company markets numerous products under the "COMSYN" brand, such as BOPP (Biaxially Oriented Polypropylene) products, bulk and box bags, poly tarpaulins, woven bags, geotextiles, ground covers, nets, flexible packaging, and other technical textiles. Beyond its manufacturing activities, Commercial Syn Bags also trades in raw materials like granules, master batches, and PVC resins. Its packaging and textile solutions serve a broad spectrum of sectors, including construction, agriculture, waste management (for asbestos and household refuse), bulk storage, human safety applications, horticulture (for gardens and greenhouses), and protective shelter. Specific applications involve packaging for grains, pulses, animal feed, seeds, fertilizers, chemicals, and food products. The company's market extends globally, with significant exports to the European Union, the United Kingdom, the United States, and Latin America.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB