Cosmo First Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 9 Jul 2026 | Industrial Products | Market Cap: ₹2.5K Cr
The company targets a top-line growth of around 20% CAGR over the next three years, aiming for approximately Rs. Specialty film sales expected to grow with 80% specialty volume target by FY26, potentially adding Rs.35-40 crore EBITDA from volume shift (Page 4).
From Cosmo First Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹923
Market Cap
₹2.5K Cr
P/E Ratio
14.4
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Cosmo First Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.0K Cr, net profit ₹37 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company targets a top-line growth of around 20% CAGR over the next three years, aiming for approximately Rs. 2800+ crore in FY26.
- →Commissioning of the world’s largest BOPP line in Q1 or Q2 FY26 is expected to add about 40% capacity, further accelerating sales growth.
- →Specialty films sales are projected to increase, targeting 80% specialty volume by FY26, up from 71% YTD Dec 2024.
- →New products in the specialty films pipeline are expected to launch in coming quarters to support growth.
- →Specialty chemicals business is expected to grow well with new products commercializing within 3-6 months.
- →Rigid packaging vertical aims for over Rs. 120 crore sales with positive EBITDA in FY26.
- →Sun control film and paint protection film businesses to start contributing from FY26-FY27.
- →Expansion to export markets like the US and Japan will support top-line growth.
📈 Profitability & Margins
- →Specialty film sales expected to grow with 80% specialty volume target by FY26, potentially adding Rs.35-40 crore EBITDA from volume shift (Page 4).
- →Specialty Chemicals segment projected to reach Rs.190 crore revenue with ~20% EBITDA margin in FY25, showing strong growth and profitability (Pages 6, 8).
- →New BOPP and CPP lines (world’s largest capacities) to add ~40% capacity and increase production capability by 45-50%, boosting top-line growth above 20% CAGR over next 3 years (Pages 3, 4).
- →Anticipated cost rationalization saving of Rs.25 crore in FY26, helping margin expansion (Page 3).
- →Rigid packaging vertical expected to exceed Rs.120 crore sales and turn EBITDA positive in FY26, contributing to profits (Page 3, 8).
- →Launch of new high-margin businesses such as window films and sun control films expected to become EBITDA positive by FY27 (Pages 6, 9).
- →Despite commodity margin pressures, EBITDA expected to improve due to new capacity, specialty portfolio, and cost efficiencies (Page 6).
🏗️ Capital Expenditure Plans
- →The company has purchased a 62-acre land for future growth across different business verticals, with initial plans to put up one coating line expected to be commissioned in the next financial year.
- →Capex for FY25 is estimated at Rs 430-450 crore, primarily allocated to the BOPP Line, CPP Line, and projects to enhance specialty sales. Majority of this capex is already done as of December 2024.
- →A new BOPP line with a nameplate capacity of around 67,000 tons per annum is expected to be commissioned in Q1 or Q2 of FY26, which will be the world’s largest with the lowest operating cost.
- →Specialty Chemical vertical to continue scaling up with commercialization of two new products in the next 3-6 months.
- →Other new business verticals, including rigid packaging (Plastech) and sun control films, to start contributing positively to EBITDA from FY26 onwards.
💰 Fundraising & Capital Structure
- →The transcript does not mention any current or future plans for fundraising through debt or equity.
- →There is no discussion related to new debt issuance or equity dilution in the Q&A or management commentary.
- →The company reported a net debt position of close to Rs.900 crore (2.6 times EBITDA and 0.6 times equity) as of December 2024 but did not indicate plans to raise new funds.
- →The focus appears to be on internal cash flow, capex completion (mostly done), and scaling existing and new business verticals.
- →No statements indicate a need or intent to raise additional capital through debt or equity in the near term.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Cosmo First Ltd Q3 FY25 results?
The company targets a top-line growth of around 20% CAGR over the next three years, aiming for approximately Rs. Specialty film sales expected to grow with 80% specialty volume target by FY26, potentially adding Rs.35-40 crore EBITDA from volume shift (Page 4).
What is Cosmo First Ltd share price analysis?
Cosmo First Ltd currently shows a neutral. The stock trades at a P/E of 14.4 with a market cap of ₹2,463 Cr. Investors should review the full earnings analysis for detailed insights.
Is Cosmo First Ltd planning capital expenditure?
The company has purchased a 62-acre land for future growth across different business verticals, with initial plans to put up one coating line expected to be commissioned in the next financial year. - Capex for FY25 is estimated at Rs 430-450 crore, primarily allocated to the BOPP Line, CPP Line, and projects to enhance specialty sales.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.