GSM Foils Ltd.

•

₹ 92.254.95%

2026-08-21

gsmfoils.comBSE: -NSE: GSMFOILS

Market Cap₹ 118 Cr.

Current Price₹ 88

High / Low₹ 294 / 84

Stock P/E0.0

Book Value₹ 58

Price to Book4.95

Dividend Yield0.00 %

ROCE45.6 %

ROE45.7 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Latest quarter profit grew 98.9% YoY, showing strong momentum
Working capital cycle has improved - days down from 99 to 71
Company comfortably covers its interest (11.4x coverage)
Institutional investors have been accumulating - FII+DII up 2.5pp
Company converts assets efficiently - asset turnover of 3.3x

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Total debt has risen sharply - up 228.8% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsFMCGPackaging

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	EPL	250.45	20.70	8022.27	0.00	100.60	-0.79	1387.90	25.27	18.08	19.01
2.	AGI	705.60	12.61	4565.05	0.99	99.35	11.82	785.27	14.19	19.16	22.26
3.	UFLEX	621.85	6.58	4490.47	0.48	423.08	629.70	5366.03	39.82	7.04	16.58
4.	TCPLPACK	4087.50	32.21	3719.62	0.61	40.01	79.28	492.97	17.86	17.47	17.43
5.	KNACK	199.95	26.39	2446.69	0.00	305.28	—	2624.59	—	31.77	20.35
6.	MOLDTKPAC	670.00	34.98	2226.34	0.00	17.32	-4.05	177.92	10.48	12.43	17.86
7.	HUHTAMAKI	268.20	23.95	2025.50	0.75	43.73	75.34	750.02	26.71	13.07	10.02
8.	ORICONENT	56.37	30.60	885.28	0.35	15.49	25.84	7.19	-80.51	0.76	-207.77
9.	PYRAMID	161.20	0.00	592.97	0.31	10.45	32.05	222.49	35.82	14.23	9.11
10.	GSMFOILS	83.85	0.00	118.17	0.00	7.62	98.90	96.89	86.32	45.62	11.88

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	14	21	31	36	46	52	58	66	82	97
	13	19	28	32	40	46	51	58	72	87
Operating Profit	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	0	0	0	0	0	0	0	0	0	0
Interest	0	0	0	0	1	0	1	1	1	1
Depreciation	0	0	0	0	0	0	0	0	0	0
	0	2	3	4	5	5	6	7	8	10
Tax %	27.78%	27.46%	27.89%	27.85%	31.46%	29.02%	23.12%	25.25%	25.68%	25.29%
Net Profit	0	1	2	3	3	4	4	5	6	8
	0	1	2	2	3	3	4	4	4	1
Equity Capital	9	13	13	13	13	13	14	14	14	14
Reserves	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	9	13	13	13	13	13	14	14	14	14
Reserves	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Mar 2024

: 14
: 13
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 27.78%
Net Profit: 0
: 0
Equity Capital: 9
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 9
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 21
: 19
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 2
Tax %: 27.46%
Net Profit: 1
: 1
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 31
: 28
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 3
Tax %: 27.89%
Net Profit: 2
: 2
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 36
: 32
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 4
Tax %: 27.85%
Net Profit: 3
: 2
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 46
: 40
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 0
: 5
Tax %: 31.46%
Net Profit: 3
: 3
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 52
: 46
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 5
Tax %: 29.02%
Net Profit: 4
: 3
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 58
: 51
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 0
: 6
Tax %: 23.12%
Net Profit: 4
: 4
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 66
: 58
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 0
: 7
Tax %: 25.25%
Net Profit: 5
: 4
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 82
: 72
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 0
: 8
Tax %: 25.68%
Net Profit: 6
: 4
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 97
: 87
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 0
: 10
Tax %: 25.29%
Net Profit: 8
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	TTM
	41	134	303
	38	119	269
Operating Profit	3	15	—
OPM %	7	11	—
Other Income	0	0	0
Interest	1	1	4
Depreciation	0	0	1
	2	14	31
Tax %	26	29	25
Net Profit	1	10	24
EPS	1	8	—
Dividend Payout %	0	0	—
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	1	8	—
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	1	8	—

Mar 2024

: 41
: 38
Operating Profit: 3
OPM %: 7
Other Income: 0
Interest: 1
Depreciation: 0
: 2
Tax %: 26
Net Profit: 1
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2025

: 134
: 119
Operating Profit: 15
OPM %: 11
Other Income: 0
Interest: 1
Depreciation: 0
: 14
Tax %: 29
Net Profit: 10
EPS: 8
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

TTM

: 303
: 269
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 1
: 31
Tax %: 25
Net Profit: 24
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 58%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 46%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
LIABILITIES	-	-
Equity Capital	9	13
	2	18
	4	13
Trade Payables	3	7
	2	9
Total Liabilities	20	61
ASSETS	-	-
	1	2
	0	3
	10	19
	7	34
	1	3
Total Assets	20	61
Total Debt	5	18
Net Working Capital	11	26
Contingent Liabilities	0	0
Book Value per Share	11.77	24.39
Face Value	10.00	10.00
Total Debt	5	18
Net Working Capital	11	26
Contingent Liabilities	0	0
Book Value per Share	11.77	24.39
Face Value	10.00	10.00

Mar 2024

Equity Capital: 9
: 2
: 4
Trade Payables: 3
: 2
Total Liabilities: 20
: 1
: 0
: 10
: 7
: 1
Total Assets: 20
Total Debt: 5
Net Working Capital: 11
Contingent Liabilities: 0
Book Value per Share: 11.77
Face Value: 10.00
Total Debt: 5
Net Working Capital: 11
Contingent Liabilities: 0
Book Value per Share: 11.77
Face Value: 10.00

Mar 2025

Equity Capital: 13
: 18
: 13
Trade Payables: 7
: 9
Total Liabilities: 61
: 2
: 3
: 19
: 34
: 3
Total Assets: 61
Total Debt: 18
Net Working Capital: 26
Contingent Liabilities: 0
Book Value per Share: 24.39
Face Value: 10.00
Total Debt: 18
Net Working Capital: 26
Contingent Liabilities: 0
Book Value per Share: 24.39
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
	-13	-18
Cash from Investing	-1	-5
Cash from Financing	14	22
	0	-0
Free Cash Flow	-13	-19
OCF / Net Profit	-9.50	-1.83
Cumulative 5-Year FCF	0	0
OCF / Net Profit	-9.50	-1.83
Cumulative 5-Year FCF	0	0

Mar 2024

: -13
Cash from Investing: -1
Cash from Financing: 14
: 0
Free Cash Flow: -13
OCF / Net Profit: -9.50
Cumulative 5-Year FCF: 0
OCF / Net Profit: -9.50
Cumulative 5-Year FCF: 0

Mar 2025

: -18
Cash from Investing: -5
Cash from Financing: 22
: -0
Free Cash Flow: -19
OCF / Net Profit: -1.83
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.83
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
PER SHARE	-	-
EPS (₹)	1.46	7.53
Book Value (₹)	11.77	24.39
Dividend per Share (₹)	0.00	0.00
Cash EPS (₹)	1.60	7.75
PROFITABILITY	-	-
Operating Margin %	6.67%	11.36%
Net Margin %	3.35%	7.21%
ROE %	12.40%	45.66%
ROCE %	15.75%	45.62%
	6.85%	23.72%
EFFICIENCY	-	-
Debtor Days	65	56
Inventory Days	91	40
Payable Days	29	16
	127	79
FINANCIAL HEALTH	-	-
Debt to Equity (x)	0.49x	0.57x
Interest Coverage (x)	3.51x	11.36x
	2.38x	1.86x
GROWTH	-	-
Revenue Growth %	0.00%	227.67%
Operating Profit Growth %	0.00%	459.02%
Net Profit Growth %	0.00%	605.53%
	0.00%	416.09%
VALUATION	-	-
P/E (x)	0.00x	16.01x
P/B (x)	0.00x	4.95x
Dividend Yield %	0.00%	0.00%
	5.29x	11.49x

Mar 2024

EPS (₹): 1.46
Book Value (₹): 11.77
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.60
Operating Margin %: 6.67%
Net Margin %: 3.35%
ROE %: 12.40%
ROCE %: 15.75%
: 6.85%
Debtor Days: 65
Inventory Days: 91
Payable Days: 29
: 127
Debt to Equity (x): 0.49x
Interest Coverage (x): 3.51x
: 2.38x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 5.29x

Mar 2025

EPS (₹): 7.53
Book Value (₹): 24.39
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.75
Operating Margin %: 11.36%
Net Margin %: 7.21%
ROE %: 45.66%
ROCE %: 45.62%
: 23.72%
Debtor Days: 56
Inventory Days: 40
Payable Days: 16
: 79
Debt to Equity (x): 0.57x
Interest Coverage (x): 11.36x
: 1.86x
Revenue Growth %: 227.67%
Operating Profit Growth %: 459.02%
Net Profit Growth %: 605.53%
: 416.09%
P/E (x): 16.01x
P/B (x): 4.95x
Dividend Yield %: 0.00%
: 11.49x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.14	73.14	73.14	73.14	66.49	66.54	66.54	54.38
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.79	1.16	1.82	2.46
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.86	26.86	26.86	26.86	32.71	32.30	31.64	43.16

Sep 2024

: 73.14
FIIs: 0.00
: 0.00
Government: 0.00
: 26.86

Dec 2024

: 73.14
FIIs: 0.00
: 0.00
Government: 0.00
: 26.86

Mar 2025

: 73.14
FIIs: 0.00
: 0.00
Government: 0.00
: 26.86

Jun 2025

: 73.14
FIIs: 0.00
: 0.00
Government: 0.00
: 26.86

Sep 2025

: 66.49
FIIs: 0.00
: 0.79
Government: 0.00
: 32.71

Dec 2025

: 66.54
FIIs: 0.00
: 1.16
Government: 0.00
: 32.30

Mar 2026

: 66.54
FIIs: 0.00
: 1.82
Government: 0.00
: 31.64

Jun 2026

: 54.38
FIIs: 0.00
: 2.46
Government: 0.00
: 43.16

Documents

Announcements

Nothing filed yet.

Annual Reports

Annual Report FY2025
2025
Annual Report FY2024
2024

Credit Ratings

Nothing filed yet.

Concalls

Apr 2026
Transcript PPTREC
Feb 2026
Transcript PPTREC
Nov 2025
Transcript PPTREC