Commercial Syn Bags Ltd. – Company Report
1. Company Overview
Commercial Syn Bags Ltd., incorporated in 1984 and headquartered in Indore, Madhya Pradesh, is a leading Indian manufacturer and exporter of technical textile and packaging products. The company operates at the intersection of industrial packaging and sustainable material sciences, offering a wide range of flexible intermediate bulk containers (FIBCs), woven sacks, PE liners, and geo-textile fabrics. It serves key sectors such as agriculture, cement, chemicals, food processing, mining, and infrastructure—both in India and internationally.
Commercial Syn Bags is known for its vertically integrated operations, compliance with international quality standards, and consistent investment in capacity expansion and automation. The company's products are exported to more than 40 countries, and it holds certifications including ISO 9001, ISO 14001, and ISO 22000. Through its wholly owned subsidiary, Comsyn India Pvt. Ltd., the company has also ventured into the retail and consumer packaging space, making it a diversified player in the polymer-based packaging industry.
2. Products and Services
Commercial Syn Bags Ltd. offers a broad range of woven and polymer-based industrial packaging and technical textile solutions:
FIBCs (Flexible Intermediate Bulk Containers):
- Standard & U-panel bags, baffle bags, conductive bags, UN-certified bags
- Used for the transportation and storage of bulk materials such as fertilizers, grains, minerals, and chemicals
PP Woven Sacks and Fabric:
- Used in food grain storage, cement and fertilizer packaging, and industrial use
- Offered in laminated and unlaminated forms with custom printing
PE Liners and Stretch Wrap Films:
- Liners for FIBCs and HDPE containers to protect against moisture and contamination
- Used across bulk storage industries, especially in agro and pharma
Geo-Textile Solutions:
- Non-woven and woven geotextile products used in agriculture, infrastructure, erosion control, and water conservation projects
Courier and E-Commerce Bags:
- Tamper-proof poly mailers and packaging wraps tailored for logistics and e-commerce companies
The company operates through multiple manufacturing plants in Madhya Pradesh with large-scale extrusion, weaving, lamination, printing, and finishing capabilities.
3. Recent News & Financial Performance
Recent News
- Strategic Acquisition via Comsyn India (April 2025):
- On 12 April 2025, Commercial Syn Bags Ltd., through its wholly owned subsidiary Comsyn India, entered into a Share Purchase Agreement (SPA) with Erawat Vegcap, a wholly owned subsidiary of Erawat Pharma.
- Erawat Vegcap, incorporated in April 2022, has not commenced business operations and currently has two object clauses in its Memorandum of Association (MoA), aligned with plastic packaging and pharmaceutical/healthcare sectors.
- Expands Stake in UK Subsidiary (August 2025):
- The company increased its stake in UK subsidiary Smartlift Bulk Packaging Limited to 50% . COMSYN also allotted convertible warrants to promoters and received ₹360 lakhs as upfront payment.
4. Financial Performance (FY2025)
| Metric | FY2025 |
|---|---|
| Revenue from Operations | ₹348 Cr |
| Net Profit | ₹17.12 Cr |
| Basic EPS | ₹4.29 |
| Operating Profit Margin | 10% |
| Net Profit Margin | ~5% |