Latest news with #CosmoFirst
The Print
a day ago
- Business
- The Print
Cosmo First begins operations of Rs 400-crore unit in Maharashtra
Chhatrapati Sambhajinagar, Jun 2 (PTI) Cosmo First, a company engaged in making films for packaging, labels, lamination, and industrial applications, has started operations of its Rs 400-crore unit at Waluj industrial area of Chhatrapati Sambhajinagar. The new line boasts an annual capacity of 81,200 metric tonnes, which has increased the company's annual BOPP (Biaxially Oriented PolyPropylene) capacity to 2.77 lakh metric tonnes, the company said in a statement on Sunday.
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Business Standard
2 days ago
- Business
- Business Standard
Smallcap packaging stock zooms over 100% in 3 weeks. Do you own?
Cosmo First share price today Shares of Cosmo First, a global leader in films for packaging, lamination, labeling and synthetic paper, was locked at the 5 per cent upper circuit at ₹1,246.70 on the BSE in Monday's intra-day trade, in an otherwise slippery market. In comparison, the BSE Sensex was down 0.42 per cent at 81,113 at 02:38 PM. In the past three weeks, the stock price of this smallcap packaging company has more-than-doubled or zoomed 103 per cent from a level of ₹613.80 on May 12, 2025. In the past two weeks, the stock has rallied 82 per cent after the company reported strong earnings for the quarter ended March 2025 (Q4FY25). It had hit a record high of ₹1,426.67 on April 11, 2022. Commissioning of new BOPP packaging manufacturing line Cosmo First today announced the successful commissioning of new BOPP (Biaxially Oriented PolyPropylene) Film Line with Capex of ₹400 crore plus at company's existing manufacturing plant located at Aurangabad, Maharashtra. The new line boasts an annual rated capacity of 81,200 MT with the world's most advanced technology. With the commissioning of the new line, the company's annual BOPP capacity will increase by approx. 40 per cent to 2,77,000 MT, Cosmo First said in a press release. Speciality sales at Cosmo First have been growing at a compounded annual growth rate (CAGR) of 10 per cent for the last 6 years. The new BOPP Line will support Cosmo in further expanding its product portfolio across speciality films and packaging. The company plans to further strengthen its speciality films product portfolio with several new products in the pipeline, expected to be launched in the upcoming quarters. The management expects the line to get filled fast due to current favourable gap in demand and supply in the domestic industry. Further, the new BOPP film line shall be eligible for state government incentives besides being the most cost-efficient line in India. The company's focus will be on taking full leverage of the new investments including BOPP line and grow specialty film sales, the management said. Cosmo First's Q4 results For Q4FY25, the company reported a 80 per cent year-on-year (Y-o-Y) jump in PAT at ₹27 crore. Earnings before interest, taxes, depreciation and amortisation (Ebitda) was up 26.9 per cent at ₹85 crore, backed by higher speciality sales and better BOPP & BOPET film margins. The company said Ebitda would have been better but for a one-time non-recurring cost of ₹4.3 crore for thermal line shifting from Korea to India (bringing in 10 crore annual efficiencies) and a 10 per cent lower volume of BOPET film due to a planned shutdown. The company further said it invested ₹1,180 crore in the last 3 years (including ₹502 crore in the last year) in multiple growth projects including BOPP, Cast Polypropylene Line (CPP) & Polyester lines, Metallizers, Coating lines, Window / PPF films, Zigly and Rigid Packaging) and these will yield a significant ramp up in revenue as well as profitability in the next 2 to 3 years. Management commentary The company's focus will be taking full leverage of the new investments, growing specialty film sales, expanding in international geographies and pushing down costs. The new film lines are the most cost-efficient and should make Cosmo more competitive in the market. Specialty Chemicals is already earning healthy ROCE. In Zigly, we are expecting profitable growth in services (including Vet and Grooming). Our focus shall continue to be on expanding services particularly Vet care services as well as launch Private labels to improve margins on Product Sales. CPP with an annual capacity of 22k Mt started operations from March 2025 while Sunshield films from May 2025. The company has successfully done pilot runs with 50+ distributors, who are going to distribute both Sunshield films and Paint Protection films. The BOPP line having an annual capacity of 81k Mt p.a. is also expected to start operations from Q1FY26. About Cosmo First Founded in 1981, Cosmo First is a multinational conglomerate and global leader in specialty films, with five major business verticals and operations in over 100 countries. Its portfolio spans flexible packaging, lamination, labelling and specialty films (Cosmo Films), specialty chemicals (Cosmo Speciality Chemicals), rigid packaging (Cosmo Plastech), window films (Cosmo Sunshield), automotive paint protection films (Cosmo PPF), and digital-first omni channel pet care (Zigly), supported by a legacy of innovation and industry leadership.
Business Standard
2 days ago
- Business
- Business Standard
Cosmo First commences commercial production of new BOPP film line at Waluj
Cosmo First announced that new BOPP (Biaxially Oriented PolyPropylene) Film Line at Company's existing manufacturing plant located at Waluj, Aurangabad, Maharashtra has commissioned commercial production from 01 June 2025. This state-of-the-art 10.4 meter width 5-layer BOPP line is one of the highest capacity line (81.2k mt per annum) in the world with most advanced technology. With this, the Company's BOPP capacity has increased to about 277k mt per annum.
Business Upturn
2 days ago
- Business
- Business Upturn
Cosmo First commissions new BOPP Film Line at Aurangabad plant
By Aman Shukla Published on June 2, 2025, 10:12 IST Cosmo First Ltd, a global supplier of films for packaging, lamination, labelling, and synthetic paper, has successfully commissioned a new BOPP (Biaxially Oriented Polypropylene) film line at its manufacturing facility in Aurangabad, Maharashtra. The new BOPP line involves a capital expenditure of over ₹400 crore and adds an annual production capacity of 81,200 metric tonnes (MT). With this addition, Cosmo First's total annual BOPP capacity rises by approximately 40%, reaching 2,77,000 MT. This development is part of the company's strategic initiative to scale up production and meet the growing demand for speciality packaging films. Cosmo First has recorded a 10% CAGR in speciality film sales over the past six years. The expanded capacity is expected to support the launch of several new speciality products in the coming quarters. The company stated that the new line features advanced manufacturing technology, aimed at enhancing efficiency and broadening its product offerings in the speciality films and packaging segments. Pankaj Poddar, Group CEO, Cosmo First, stated, 'We expect the line to get filled fast due to current favourable gap in demand and supply in the domestic industry. Further, the new BOPP film line shall be eligible for state govt incentives beside being the most cost-efficient line in India. The Company's focus will be on taking full leverage of the new investments including BOPP line and grow specialty film sales.' Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
6 days ago
- Business
- Mint
BSE Midcap, Smallcap indices surge up to 10% this month, outshining Nifty 50, Sensex; is a stock market bubble brewing?
The Indian stock market looks set to extend its winning streak to the third consecutive session in May, helped by easing tariff worries, improving macroeconomic conditions, largely stable Q4 results, and foreign capital inflow. While the market is witnessing buying across segments, barring intermittent profit booking, a notable fact is the significant outperformance of broader markets. In May till the 28th, the benchmark Sensex has gained over 1 per cent and the Nifty 50 has climbed almost 2 per cent. However, the broader markets have outperformed significantly, with an over 5 per cent gain in the BSE Midcap index and a 10 per cent gain in the BSE Smallcap index. Some small-cap stocks such as Suven Life Sciences and Cosmo First have surged more than 80 per cent in the last one month. The sharp gains in the mid- and small-cap segments this month could be attributed to better-than-estimated Q4 earnings and moderation in premium valuation. Easing global risks, the prospects of healthy economic growth, an above-normal monsoon, and the RBI's rate cuts are also among key factors that seem to have boosted the broader market sentiment. Moreover, experts suggest that retail investors, in the pursuit of quick gains, could be chasing mid and small-caps after their underperformance over the last few months. Year-to-date, the Sensex and the Nifty 50 have gained 4 per cent and 5 per cent, respectively, while the BSE Midcap index has declined 3 per cent and the BSE Smallcap index has suffered a loss of 5.5 per cent. "The outperformance in mid- and small-caps this May is a mix of factors, including geopolitical tensions like the India-Pak war scare that have eased, US tariff rhetoric that has softened, the monsoon forecast and the above-expectations Q4 earnings. All of this has improved sentiment toward India's domestic story," Trivesh, COO, Tradejini, observed. Trivesh underscored that the pharma and FMCG have seen renewed interest due to rising income levels and steady rural demand, while niche mid-cap names in capital goods, chemicals, and auto ancillaries continue to offer structural opportunities. Shrikant Chouhan, the head of equity research at Kotak Securities, underscored that the Nifty 50 is trading at 19 times the one-year forward earnings for FY27, which is expensive. However, the market appears to be relatively relaxed despite uncertainties in global macroeconomic conditions. "In such situations, it is common for activity to shift toward mid and small-cap stocks. Our strategy should focus on a bottom-up approach," said Chouhan. According to Pawan Bharaddia, the co-founder of Equitree Capital, the crux of this rebound in small and mid-caps has been on two counts primarily – stabilisation of geopolitical issues including India-Pakistan, Tariffs uncertainty being postponed and earnings growth coming about in small and mid-caps. "Basis Q4 announced till date, large caps have reported about 9 per cent year-on-year (YoY) growth, whereas mid-caps have delivered about 12 per cent growth. Small caps have had a mixed bag. However, that remains always a ground-up investment genre, and if we reflect on our own portfolio companies, we have seen around 18 per cent YoY growth for the quarter. This growth is leading the outperformance," said Bharaddia. Experts point out the valuation and suggest maintaining caution in the mid and small-cap segments. "Investors need to be cautious, valuations are not cheap. Instead of chasing rallies, it's smarter to use corrections to build positions selectively. In this space, patience and quality matter more than timing," said Trivesh. According to Bharaddia, investors should approach small-caps in a stock-specific manner. He believes generalising the segment based on headline valuations or growth often leads to distorted reference points and distracts from growing companies. Another aspect that Bharaddia highlighted is that one should always remember to stagger investments rather than invest the entire funds in one go while investing in small caps. "Inherently, this genre is volatile, and one would be better off to leverage this volatility by staggered investing rather than getting played out by it," said Bharaddia. Bharaddia sees a lot of opportunities across engineering, manufacturing, infrastructure, ancillaries and select consumer plays. "We are largely playing out four multi-year structural themes – increasing export opportunities for Indian manufacturing, import substitution, continuous infra spend and the larger Indian consumption story. We believe these are decadal themes and one needs to just remain invested and allow the power of compounding to play out for wealth creation in these opportunities," said Bharaddia. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
