Makes flexible packaging films—primarily BOPP and BOPET—across three Indian plants, with a new BOPP line of 81,200 MT and a new CPP line of 22,000 MT commissioned in the recent capex cycle. Packing films generated ₹3,439.21 cr in the period at a 12.2% segment EBIT margin; Q4 FY26 BOPP and BOPET margins ran at ₹20/kg and ₹18/kg respectively, and specialty films made up 60% of film revenue, growing at a 10% CAGR. Speciality chemicals brought in ₹204.14 cr at a 24.8% segment EBIT margin. Smaller businesses are scaling: petcare brand Zigly operates at a ₹90 cr annualised run rate, Plastech reached EBITDA breakeven in Q4, and Cosmo Consumer is at a ₹38 cr annualised run rate—all three currently loss-making. Exports accounted for 44% of FY26 sales across 100-plus countries, and the company formed a 50:50 JV with Korea-based Filmax Corporation and added two slitter rewinders in the US. Materials are the dominant cost at 66.3% of revenue, with capex at 11.3% and employee costs at 9.2%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. PACKING FILMS (90%), SPECIALITY CHEMICALS (5%), OTHERS (3%), PETCARE (1%). Asset-heavy flexible packaging films manufacturer with scaling specialty chemicals and emerging consumer/petcare adjacencies
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,038 | 3,065 | 2,587 | 2,895 | 3,639 |
| EBITDA (ex other income) | 571 | 382 | 183 | 288 | 376 |
| margin % | 18.8 | 12.5 | 7.1 | 9.9 | 10.3 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 221.56 | 90.86 | 23.99 | 51.46 | 60.31 |
| ROE % · ROCE % | 33.3 · 29.3 | 18.8 · 16.9 | 4.6 · 6.8 | 9.1 · 9.1 | 9.6 · 10.8 |
| Debt / equity (x) | 0.68 | 0.69 | 0.73 | 0.93 | 0.98 |
| Cash from operations | 481 | 465 | 245 | 166 | 397 |
| Capex | (283) | (380) | (298) | (502) | (412) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 759 | 701 | 746 | 800 | 919 | 899 | 1,021 | 1,166 |
| Profit before tax | 57 | 36 | 33 | 54 | 57 | 31 | 58 | 71 |
| Net profit | 46 | 30 | 27 | 43 | 47 | 30 | 37 | 54 |
| EPS (₹) | 17.65 | 11.38 | 10.47 | 16.60 | 18.07 | 11.40 | 14.24 | 20.71 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| PACKING FILMS | 961 | 25.2 |
| SPECIALITY CHEMICALS | 54 | 1.4 |
| PETCARE | 16 | 0.4 |
| OTHERS | 37 | 1.0 |
| Packaging films | 2,478 | 65.0 |
| Speciality chemicals | 150 | 3.9 |
| Petcare | 38 | 1.0 |
| Others | 78 | 2.1 |
| Total, before eliminations | 3,813 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 20 Aug 2026 · Cosmo First to hold virtual analyst and investor meet on Aug 25, 2026 | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Cosmo First shares Q1FY27 analyst call audio recording | investor communications | low | — | — |
| 7 Aug 2026 · Cosmo First Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 6 Aug 2026 · Cosmo First Q1 FY27 Investor Presentation: Revenue Up 46%, Deleveraging Plan Outlined | investor communications | medium | — | — |
| 6 Aug 2026 · Cosmo First Q1 FY27: Revenue up 46% to Rs 1,166 cr, PAT grows 26% | compliance | minimal | — | — |
| 6 Aug 2026 · Q1 FY27 results: revenue up 41% YoY, consolidated PAT up 25% | results | high | — | — |
| 6 Aug 2026 · Cosmo First Q1 FY27: Revenue up 41% YoY, consolidated PAT rises 25% | results | high | — | — |
| 6 Aug 2026 · 49th AGM: 8 resolutions passed, Rs 4 per share dividend approved | board shareholder meetings | medium | — | — |
| 6 Aug 2026 · Cosmo First 49th AGM approves all 8 resolutions; Rs 4 dividend declared | board shareholder meetings | medium | — | — |
| 5 Aug 2026 · AGM 2026: All 8 resolutions passed, Rs 4 per share dividend approved | board shareholder meetings | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| ROE % |
|---|
| ROCE % |
|---|
| Rev CAGR 5y % |
|---|
| EBITDA m. % |
|---|
| EPL LIMITED | 7,674 | 15.7 | 2.68 | 8.3 | 13.7 | 13.6 | 9.0 | 19.1 |
| AGI GREENPAC LIMITED | 4,943 | 13.7 | 2.05 | 7.5 | 14.6 | 16.5 | — | 23.4 |
| UFLEX LIMITED | 4,730 | 6.9 | 0.58 | 6.9 | 3.9 | 2.7 | 11.6 | 17.1 |
| POLYPLEX CORPORATION LTD | 3,541 | 22.8 | 0.50 | 9.5 | 0.6 | 0.3 | 7.6 | 14.3 |
| TCPL PACKAGING LIMITED | 3,515 | 30.4 | 4.89 | 13.4 | 13.6 | 13.0 | 15.4 | 17.8 |
| XPRO INDIA LIMITED | 3,028 | 91.7 | 3.79 | 64.6 | 2.4 | 2.8 | 6.2 | 11.4 |
| JINDAL POLY FILMS LIMITED | 2,936 | 143.6 | 0.72 | 10.0 | 0.6 | 0.8 | 8.5 | 23.0 |
| COSMO FIRST LIMITED ◆ | 2,294 | 13.6 | 1.42 | 8.0 | 9.6 | 6.4 | 9.8 | 12.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.6 | 17.6 | 24 of 69 | 66% |
| P/B | 1.4 | 1.4 | 31 of 61 | 50% |
| ROCE | 6.4 | 7.3 | 37 of 71 | 49% |
| ROE | 9.7 | 6.8 | 25 of 66 | 63% |
| Debt / Equity | 1.0 | 0.3 | 55 of 66 | 17% |
| EBITDA margin | 12.6 | 12.1 | 29 of 62 | 54% |
| Revenue growth | 45.7 | 14.0 | 7 of 61 | 90% |
| Profit growth | 25.4 | 23.4 | 30 of 60 | 51% |
| Market cap | 2294 | 131 | 8 of 73 | 90% |
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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