# Cosmo First share price today (Cosmo First Ltd, NSE: COSMOFIRST)

> Cosmo First share price today: ₹795.00 at the NSE close on 4 November 2026, down 9.2% in a year. Cosmo First (NSE: COSMOFIRST) is worth ₹2,087 crore, trades at a P/E of 12.1 and has closed between ₹576.85 and ₹938.35 over the past 52 weeks. > Cosmo First Ltd's earnings have grown faster than its share price. Earnings per share grew +16.9% in a year while the price moved −9.2%. COSMOFIRST · Packaging - BOPP · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/cosmo-first-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹795.00 (−9.2% in a year)
- P/E: 12.1× (higher than 75% of the last 11 years)
- Revenue (Jun 2026): ₹1,166 Cr (+45.8% on a year ago)
- Profit (Jun 2026): ₹54.0 Cr (+25.6% on a year ago)
- Operating margin: 12.0% (+1.0 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 9.2%, against a 12.0% cost of capital: −2.8 points

The main question: yearly earnings per share moved +16.9% while the share price moved −9.2%. ## What is the Cosmo First share price today? Cosmo First Ltd's share price was ₹795.00 at the close on 4 November 2026. It has been rising for 18 weeks. That is 1.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹577 and ₹938, and at that close it sat 60% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running. Over the last 11 years the share price moved +351% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 9 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Cosmo First this quarter? Three changes stood out: revenue up on a year earlier for 9 quarters in a row, indian funds and insurers (DIIs) raised their stake for 4 quarters in a row and highest quarterly profit in 15 quarters. 1. Revenue up on a year earlier for 9 quarters in a row In the June 2026 quarter revenue was ₹1,166 crore, +45.8% on a year earlier. 2. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row From 0.5% to 2.2% of the company by the September 2026 quarter. 3. Highest quarterly profit in 15 quarters Profit of ₹54 crore in the June 2026 quarter is the highest of the last 15 quarters. Why: Profit rose because the company sold more, sold more higher priced specialty films and made better margins on base films. Next results: check whether wear and tear charges and interest on new plants still slow the profit gain. From the earnings call on 7 Aug 2026. ## What are Cosmo First's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Cosmo First reported revenue of ₹1,166 crore, up 45.8% from ₹800 crore a year earlier, and a profit of ₹54.0 crore, up 25.6% from ₹43.0 crore. ### Cosmo First results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,166 crore | ₹800 crore | +45.8% |
| Profit | ₹54.0 crore | ₹43.0 crore | +25.6% |
| Earnings per share | ₹20.48 | ₹16.33 | +25.4% |
| Operating margin | 12.0% | 11.0% | +1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Cosmo First's management discussed these results on a call held on 7 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Cosmo First share price history? Cosmo First closed at ₹795.00 on 4 November 2026, down 9.2% from ₹875.60 a year earlier (7 November 2025) and down 27.0% over five years. Its highest weekly close since March 2016 was ₹1,377.67 on 8 April 2022. ### Cosmo First share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹713.85 | +11.4% |
| 1 month ago · 1 Oct 2026 | ₹826.85 | −3.9% |
| 6 months ago · 8 May 2026 | ₹815.45 | −2.5% |
| 1 year ago · 7 Nov 2025 | ₹875.60 | −9.2% |
| 3 years ago · 3 Nov 2023 | ₹638.15 | +24.6% |
| 5 years ago · 4 Nov 2021 | ₹1,088.33 | −27.0% |
| 10 years ago · 4 Nov 2016 | ₹254.00 | +213.0% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹176.33 | +350.9% |
| Highest weekly close since March 2016 · 8 Apr 2022 | ₹1,377.67 | −42.3% |
| Lowest weekly close since March 2016 · 15 Feb 2019 | ₹113.30 | +601.7% |
| 52-week high (weekly close) · 14 Aug 2026 | ₹938.35 | −15.3% |
| 52-week low (weekly close) · 1 Feb 2026 | ₹576.85 | +37.8% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on Cosmo First? 4 Nov 2026: Cosmo First closed at ₹795.00, up 11.4% on the week and down 3.9% on the month. Our read, 22 Aug 2026: Cosmo First is completing a 1,200 crore capital spending cycle, driving volume growth and margin recovery as high-margin specialty films and chemical adjacencies expand while free cash flow pivots to deleveraging. ### Earlier

- 7 Aug 2026: Cosmo First held its results call for April to June 2026. Management guided: FY27 consolidated top-line growth close to 20%, new businesses close to 60%, commensurate bottom-line growth and US film growth 25-30%. - 22 Jul 2026: ex-date for a dividend of ₹4 a share. - Results for April to June 2026: Revenue up 45.8% and profit up 25.6% on a year earlier. ### Our read of the business

The company completed its 1,200 crore capital spending program, ramping its 81,000 MT BOPP line to achieve 15% lower variable production costs. Specialty film mix reached 61% and specialty chemicals delivered 25% operating margin, insulating blended earnings from commodity film spread volatility. With annual capital spending dropping below 100 crore in FY27, operating cash flow of 397 crore converts to free cash flow, aiming for net debt below 2.0x operating profit within 12 months. April to June 2026: Specialty Mix Hits 61% as Consolidated Sales Surge 45.8% on a year earlier. (Our read after the April to June 2026 results, written 22 August 2026.)

## What dividend does Cosmo First pay? Cosmo First paid ₹4 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.50% at the ₹795.00 close on 4 November 2026. The last was a dividend of ₹4 a share, ex-date 22 July 2026. ### Cosmo First dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 22 Jul 2026 | ₹4 | Dividend | same day |
| 28 Jul 2025 | ₹4 | Dividend | same day |
| 26 Jul 2024 | ₹3 | Dividend | n/a |
| 28 Jul 2023 | ₹5 | Dividend | n/a |
| 2 Feb 2022 | ₹10 | Interim | 3 Feb 2022 |
| 27 Sep 2021 | ₹25 | Interim | 28 Sep 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Cosmo First Ltd paid out 7% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Cosmo First management say on the latest results call? On the call for April to June 2026, held on 7 August 2026, Cosmo First's management guided: FY27 consolidated top-line growth close to 20%, new businesses close to 60%, commensurate bottom-line growth and US film growth 25-30%. > Neeraj Jain, on the call for April to June 2026

### What management guided

- ROCE 15-20% over 12-24 months; net debt/operating profit below 2x within 12 months and ₹400-500 crore debt reduction over 2 years. - Film specialty mix approximately 67-68% next year, 70% objective; remaining capacity to be utilized over the next 2 quarters, with 85-90% specialty capability. - Specialty Chemicals growth around 50% in FY27; ₹400-500 crore FY30 goal likely surpassed by FY29. - Plastech capacity +50% over the next 2 quarters with minimal capital spending; revenue ₹150-160 crore this year, above ₹200 crore next year and above ₹250 crore with new capacity; double-digit profitability by year-end. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/1047/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 7 August 2026.)

## What is the future of Cosmo First? What is changing in the business? What is changing at Cosmo First, from the latest results and calls: 81,000 mt bopp line operating leverage, specialty film mix expansion toward 70% and b2b adjacency scaling in chemicals and rigid packaging. - 81,000 MT BOPP Line Operating Leverage. Ramping the new 81,000 MT line achieves 15% lower variable cost and dilutes fixed manufacturing overhead. ✓ fact
- Specialty Film Mix Expansion toward 70%. Increasing value-added specialty mix to 70% insulates gross margins from commodity spread cycles. ✓ fact
- B2B Adjacency Scaling in Chemicals and Rigid Packaging. Specialty Chemicals and Cosmo Plastech expand high-margin revenue streams independent of core flexible film spreads. ✓ fact
- Capital spending Cliff and Deleveraging Engine. Completion of the 1,200 crore capital spending cycle converts 397 crore operating cash flow into rapid debt reduction. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the April to June 2026 results, written 22 August 2026.)

## What could change the Cosmo First story? What are the risks? Specialty film mix falling below 55% of volume for two consecutive quarters while domestic commodity BOPP gross margins remain depressed below 15 rupees per kilogram, preventing net debt from declining below 2.2x operating profit. ### Each change stops working if

- 81,000 MT BOPP Line Operating Leverage: Domestic demand decelerates sharply or capacity utilization drops below 70% due to persistent supply gluts. - B2B Adjacency Scaling in Chemicals and Rigid Packaging: Specialty chemicals raw material inflation cannot be passed on to external clients or rigid packaging utilization stalls. - Capital spending Cliff and Deleveraging Engine: Working capital requirements expand significantly or management initiates unannounced major capital expenditure projects. ### The main risks

- Domestic BOPP and BOPET Capacity Additions: Addition of 7 to 8 new industry film lines in India over three years could compress commodity spreads. ⚠ estimate
- Elevated Debt Service and Interest Cost Sensitivity: Total borrowings of 1,680 crore create 149 crore annual interest burden, moderating net profit conversion. ⚠ estimate
- Gestation Drag from Consumer Ventures: Operating spending on Zigly and Cosmo Consumer absorb managerial focus and require marketing cash outlays. ⚠ estimate
- Port Congestion and US Tariff Settlement Uncertainty: Global shipping disruptions and pending customer tariff settlements may create quarterly earnings volatility. ⚠ estimate

(Our read after the April to June 2026 results, written 22 August 2026.)

## What to watch in Cosmo First's next results? When Cosmo First reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Specialty-film mix and export-volume recovery after port normalization - check whether product innovation and logistics convert available capacity into reported growth. - What to check (from the call)
- Specialty-film mix and export-volume recovery after port normalization - check whether product innovation and logistics convert available capacity into reported growth. - US customs-refund settlement with customers - check the amount ultimately retained and timing of recognition. - Net-debt cash conversion after working-capital inflation - check absolute reduction without renewed broad capital spending. ## Which stock lists is Cosmo First on? Cosmo First is not on any of our India lists this week. ## Is Cosmo First profitable? Cosmo First Ltd earned ₹54.0 Cr of net profit in the Jun 2026 quarter, +25.6% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹156 Cr. Over 10 years profit has grown 5.0% a year on average. That is 4.6% of the quarter's revenue. The same quarter a year earlier earned ₹43.0 Cr. For the full year, FY26 profit was ₹156 Cr (+17.3% on the year before). Why profit moved: revenue changed +45.8% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +16.2% and revenue +33.0%. Profit is growing slower than sales: rising costs are taking part of the growth. FY26-Q4. revenue ₹1,021 Cr and profit ₹37 Cr as reported. FY27-Q1. revenue ₹1,166 Cr and profit ₹54 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much revenue does Cosmo First make, and is it growing? Cosmo First Ltd reported ₹1,166 Cr of revenue in the Jun 2026 quarter, +45.8% on the same quarter a year earlier. That is the 9th quarter in a row with growth on the year before. Over 10 years it has grown 8.4% a year on average. The last full year, FY26, came in at ₹3,639 Cr. The last four reported quarters add to ₹4,005 Cr. FY26 revenue was ₹3,639 Cr, +25.7% on the year before. Recent pace: the last four quarters grew +33.0% on average, against 8.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +33.2%, against +23.6% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +15.1%, against +45.8% a year (rolling over). FY26-Q4. revenue ₹1,021 Cr and profit ₹37 Cr as reported. FY27-Q1. revenue ₹1,166 Cr and profit ₹54 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Cosmo First keep? Cosmo First Ltd's operating margin was 12.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 6.0% and 19.0%. The latest quarter is within that range. Why this happened. The commissioning and ramp-up of the 81,000 MT BOPP production line expands total capacity and lowers unit production expenses by 15% relative to legacy lines. In Q1 FY27, film utilization reached 85%, driving consolidated revenue up 45.8% YoY to 1,166 crore. As production shifts toward higher line speeds and continuous runs, fixed depreciation of 38 crore per quarter is distributed over expanding tonnage. Why the margin moved: operating margin changed +0.2 percentage points on the year while gross margin changed −2.1 points. So the gain came mostly from the gross margin, which means input costs and prices charged. FY26-Q4. revenue ₹1,021 Cr and profit ₹37 Cr as reported. FY27-Q1. revenue ₹1,166 Cr and profit ₹54 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## Is Cosmo First's profit turning into cash? Over the last 3 years, 230% of Cosmo First Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹397 Cr of operating cash against ₹156 Cr of profit. After ₹395 Cr of spending on assets, ₹2.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 230% of profit came in as cash: the cash cycle got 65 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 4.2× depreciation over three years. The next section checks what that spending is building. ## Where does Cosmo First's cash go? Cosmo First Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 10 days in FY26, down from 75 days in FY21. It spent ₹1,381 Cr on assets over the last 3 years. Customers take 40 days to pay, and stock sits for 110 days on average. At FY26 sales of ₹3,639 Cr, each day of that cycle ties up about ₹10.0 Cr, so roughly ₹100 Cr is tied up in the business at any time. FY26: customers took 40 days to pay and stock sat for 110 days, about 3.6 months of sales sitting as stock, for a full cycle of 10 days, shorter than FY21's 75. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 110 days. Customers pay about 40 days after that. Suppliers are paid at 140 days. Together that makes the 10-day cycle. Spending on assets: ₹1,381 Cr over the last 3 years, against ₹326 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹189 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Cosmo First's P/E ratio, and how does it compare with its own history? Cosmo First Ltd's P/E is 12.1×, near the high end of its own history: higher than 75% of past readings. Its usual P/E (the middle reading) is 8.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹63.57. Why the multiple is where it is: over the past year earnings per share moved +16.9% while the price moved −9.2%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −6.1% a year; about −11.0% a year came from earnings growth and about +4.9 percentage points from the multiple (the market paying more); over 10 years the price moved +12.1% a year; about +6.8% a year came from earnings growth and about +5.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Cosmo First share price assume? Worked out from its price on 26 August 2026, Cosmo First Ltd's share price assumed profit growth of about 7.1% a year. Over the past 10 years its profit actually grew 5.0% a year. Today its P/E is 12.1×, higher than 75% of its own last 11 years. This is a one-day reading, taken on 26 August 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Cosmo First business getting better or worse? Cosmo First Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +84.8% at its peak to +15.1%, but the business is still expanding, with ROCE steady at 12.1%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## What is the Cosmo First story, and has it been checked? Cosmo First Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: Trough Recovery. Our read, 22 August 2026. Cosmo First is completing a 1,200 crore capex cycle, driving volume growth and margin recovery as high-margin specialty films and chemical adjacencies expand while free cash flow pivots to deleveraging. From the numbers. From the price. Price stage 2, week 18, below its 200-day line, relative strength falling. From the research. Cosmo First is completing a 1,200 crore capex cycle, driving volume growth and margin recovery as high-margin specialty films and chemical adjacencies expand while free cash flow pivots to deleveraging. Where they disagree. What is proven. Cosmo First is completing a 1,200 crore capex cycle, driving volume growth and margin recovery as high-margin specialty films and chemical adjacencies expand while free cash flow pivots to deleveraging. What is not proven yet. What would change our mind. The test written in advance. Measured by: the thesis as written as stated by the next result. The test written in advance. Domestic BOPP and BOPET Capacity Additions. Measured by: Domestic BOPP and BOPET Capacity Additions Domestic spot BOPP gross margins falling below 18 rupees per kilogram for two consecutive quarters. by the next result. The test written in advance. Restructuring and Savings Timeline Alterations. Measured by: Restructuring and Savings Timeline Alterations Further delay in Zigly subsidiary capitalization beyond FY27 or absence of renewable power PPA commissioning by Q3 FY27. by the next result. What the company does. The company completed its 1,200 crore capex program, ramping its 81,000 MT BOPP line to achieve 15% lower variable production costs. Specialty film mix reached 61% and specialty chemicals delivered 25% EBITDA margin, insulating blended earnings from commodity film spread volatility. What the surface reading misses. The surface reading is: Specialty mix at 61% shows gradual progress toward value-add products. The research reads it further: Specialty films command 63 rupees per kilogram gross margin (2.5x commodity margins), insulating blended profitability from domestic BOPP supply gluts while expanding return on capital. What the surface reading misses. The surface reading is: High OCF to PAT conversion of 2.54x signals high cash generation. The research reads it further: Cash profit of 293 crore was driven by 137 crore depreciation on newly capitalized assets from the 1,200 crore capex cycle. Working capital absorbed 104 crore, while capex of 395 crore absorbed nearly all OCF, resulting in 2 crore free cash flow. Lever 1 · Operating leverage: building. Ramping the new 81,000 MT line achieves 15% lower variable cost and dilutes fixed manufacturing overhead. What proves it keeps working: 81,000 MT BOPP Line Operating Leverage. It stops working if Domestic demand decelerates sharply or capacity utilization drops below 70% due to persistent supply gluts. Lever 2 · Value-added mix: building. Increasing value-added specialty mix to 70% insulates gross margins from commodity spread cycles. What proves it keeps working: Specialty Film Mix Expansion toward 70%. It stops working if Commodity film volume expansion outpaces specialty sales conversion, diluting portfolio gross margin below 40 rupees per kilogram. Lever 4 · Paying down debt: building. Completion of the 1,200 crore capex cycle converts 397 crore operating cash flow into rapid debt reduction. What proves it keeps working: Capex Cliff and Deleveraging Engine. It stops working if Working capital requirements expand significantly or management initiates unannounced major capital expenditure projects. Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Cosmo First management deliver what it promised? What Cosmo First Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Renewable Energy Savings Timeline Reversed · 7 August 2026. In Feb 2026, management said renewable projects were already generating some gains. In Aug 2026, management said the discussed savings had not started and no benefit was included in Q1, creating a material change in the earnings-savings timeline that was not reconciled. Cosmo Consumer Long-Term Growth Guidance Withdrawn · 7 August 2026. In Feb and May 2026, management expressed confidence in a minimum 50% CAGR for Cosmo Consumer. In Aug 2026, management declined to provide any long-term numbers because export traction remained limited, representing a material retreat in long-term confidence despite continued near-term growth commentary. US Growth Guidance Raised Materially · 7 August 2026. May 2026 guidance called for US growth of 15% to 20% as a minimum, while Aug 2026 guidance increased the expected range to 25% to 30%. The latest call attributes the revision to duty rationalization but does not provide a quantified bridge explaining why the expected growth rate is materially higher than the previous range. ROCE Goal Raised Above Prior Guidance · 7 August 2026. In May 2026, management expected ROCE to reach approximately 14% to 15% in the following year. In Aug 2026, the goal was raised to 15% to 20% over the next 12 to 24 months, increasing the upper end by 5 percentage points; management cited broad operating levers but did not provide a quantified bridge supporting the higher goal. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Cosmo First earn on its capital? Cosmo First Ltd earned a ROCE of 11% in FY26. That is up from a low of 7% in FY14. Its return on capital used (ROIC) is 2.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 4.3% net margin and 0.78× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.3% net margin × 0.78× asset turnover × 2.90× leverage (assets divided by equity) ≈ 9.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 9.2% − 12.0% = −2.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 9.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 7.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Cosmo First have too much debt? Cosmo First Ltd has total debt of ₹1,680 Cr against shareholder equity of ₹1,617 Cr as of Jun 2026, so its debt is 1.04× its equity. Year by year, that ratio went from 0.69 in FY22 to 1.04 in FY26. Keep that borrowing in mind when reading the returns on this page. Why this happened. With strategic capex of 1,200 crore deployed over three years completed, annual capital expenditure decreases from 395 crore in FY26 to under 100 crore in FY27. Operating cash flow of 397 crore in FY26 (2.54x PAT) allows surplus cash generation to pay down borrowings. Management plans 400 to 500 crore debt reduction over 24 months, lowering net debt from 1,159 crore to under 2.0x EBITDA within 12 months and reducing annual interest expense from 149 crore. ## What is the Cosmo First shareholding pattern? Promoters cut their stake in Cosmo First Ltd by 4.3 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 40.8% of the company. Domestic institutions moved +1.3 points over the same period, to 2.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −4.3 points over 8 quarters, to 40.8%; Domestic institutions: +1.3 points over 8 quarters, to 2.2%; Foreign institutions: +0.4 points over 8 quarters, to 3.0%. Why the owners changed: promoters drove it (−4.3 points), with the other side taken by domestic institutions (+1.3 points). They reduced their stake. ## How far is Cosmo First from balance-sheet trouble? For Cosmo First Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Cosmo First rank in its industry? 55.2 out of 100, rank 3 of 5 in Packaging - BOPP, with 96% of the evidence available. Cosmo First Ltd scores 55.2 out of 100 against the 5 companies it is compared with in Packaging - BOPP, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 22.3 + 18.1 + 13.3 + 1.5 = 55.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Cosmo First compared with? Cosmo First ranks 3 of 5 Packaging - BOPP companies on the 4-Factor Sector Score, with 55.2 out of 100. 1. [Uflex Ltd](https://www.sectoralpha.in/stocks/uflex-ltd) UFLEX · leader · Most evidence points up · 74% evidence 67.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.2/35 · Revenue 10.4% · Profit 100% · Operating margin change 5 points · 88% evidence Capital efficiency 10.8/25 · ROCE 7% · Operating margin 17% · 100% evidence Valuation 16.5/20 · P/E 5.9× · PEG 0.42 · 65% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 21.6% · 1 year 4.8% · 25% evidence · 12 of 12 weeks ahead Exact sum: 27.2 + 10.8 + 16.5 + 12.5 = 67 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Nahar Polyfilms Ltd](https://www.sectoralpha.in/stocks/nahar-polyfilms-ltd) NAHARPOLY · quiet · Evidence leans up · 78% evidence 59.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Revenue 7.9% · Profit 37.7% · Operating margin change -1 points · 100% evidence Capital efficiency 15.6/25 · ROCE 10.6% · Operating margin 15% · 100% evidence Valuation 15.7/20 · P/E 6.5× · PEG 0.29 · 65% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -5.9% · 1 year -22.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 20.2 + 15.6 + 15.7 + 7.5 = 59 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Cosmo First Ltd this page COSMOFIRST · quiet · Evidence leans up · 96% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 33.2% · Profit 15.1% · Operating margin change 1 points · 88% evidence Capital efficiency 18.1/25 · ROCE 11.2% · Operating margin 12% · 100% evidence Valuation 13.3/20 · P/E 10.9× · PEG 0.64 · 100% evidence Relative strength 1.5/20 · Lead over its industry -5.9% · Lead over NIFTY 500 -1.1% · 1 year -14.2% · 100% evidence · 7 of 12 weeks ahead Exact sum: 22.3 + 18.1 + 13.3 + 1.5 = 55.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Jindal Poly Films Ltd](https://www.sectoralpha.in/stocks/jindal-poly-films-ltd) JINDALPOLY · turning · Evidence leans down · 71% evidence 35.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.7/35 · Revenue -49.8% · Profit -80% · Operating margin change -0.2 points · 83% evidence Capital efficiency 3.0/25 · ROCE -2% · Operating margin 1.4% · 76% evidence Valuation 8.5/20 · P/E 50× · PEG n/a · 15% evidence Relative strength 19.2/20 · Lead over its industry 5.2% · Lead over NIFTY 500 10.4% · 1 year 18.4% · 100% evidence · 6 of 12 weeks ahead Exact sum: 4.7 + 3 + 8.5 + 19.2 = 35.4 · What this means: Relative strength against the index is 10.4%, and revenue and profit growth are weak. 5. [Polyplex Corporation Ltd](https://www.sectoralpha.in/stocks/polyplex-corporation-ltd) POLYPLEX · losing its lead · Too little evidence to rank firmly · 49% evidence 46.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.9/35 · Revenue 9.5% · Profit 36.5% · Operating margin change 13 points · 62% evidence Capital efficiency 8.8/25 · ROCE 0.9% · Operating margin 13% · 76% evidence Valuation 9.3/20 · P/E 18.1× · PEG n/a · 15% evidence Relative strength 10.0/20 · Lead over its industry n/a · Lead over NIFTY 500 0% · 1 year -6.3% · 25% evidence · 8 of 12 weeks ahead Exact sum: 17.9 + 8.8 + 9.3 + 10 = 46 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Packaging - BOPP](https://www.sectoralpha.in/sectors/packaging-bopp), all 5 compared on one page. ## Which companies are close to Cosmo First in size? Cosmo First is the 4th largest of 5 Packaging - BOPP companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Uflex, Jindal Poly Films and Polyplex Corporation. Just below it: Nahar Polyfilms. ### Packaging - BOPP companies close in size

1. [Uflex Ltd](https://www.sectoralpha.in/stocks/uflex-ltd) ₹4,098 crore
2. [Jindal Poly Films Ltd](https://www.sectoralpha.in/stocks/jindal-poly-films-ltd) ₹2,924 crore
3. [Polyplex Corporation Ltd](https://www.sectoralpha.in/stocks/polyplex-corporation-ltd) ₹2,814 crore
4. Cosmo First Ltd ₹1,874 crore
5. [Nahar Polyfilms Ltd](https://www.sectoralpha.in/stocks/nahar-polyfilms-ltd) ₹549 crore

[All 5 Packaging - BOPP companies, largest first](https://www.sectoralpha.in/sectors/packaging-bopp#all-companies)

### Companies close in size in other industries

1. [Orissa Minerals Development Company Ltd](https://www.sectoralpha.in/stocks/orissa-minerals-development-company-ltd) ₹1,896 crore · Mining/Minerals
2. [GRM Overseas Ltd](https://www.sectoralpha.in/stocks/grm-overseas-ltd) ₹1,875 crore · FMCG - Rice
3. Cosmo First Ltd ₹1,874 crore
4. [Vinyas Innovative Technologies Ltd](https://www.sectoralpha.in/stocks/vinyas-innovative-technologies-ltd) ₹1,866 crore · Aerospace & Defence - Equipments
5. [K C P Ltd](https://www.sectoralpha.in/stocks/k-c-p-ltd) ₹1,865 crore · Cement

## What else do people ask about Cosmo First? ### What is Cosmo First's share price today? Cosmo First Ltd's share price is ₹795.00, −9.2% over the past year. The whole company is worth ₹2,087 Cr on the market. In the last 52 weeks it traded between ₹577 to ₹938; today it is 60% of the way up from the low, 1.8% below its 200-day average (as of 4 November 2026). ### What were Cosmo First's latest quarterly results? Cosmo First Ltd reported revenue of ₹1,166 Cr and net profit of ₹54.0 Cr for the Jun 2026 quarter. Revenue rose 45.8% and profit rose 25.6% compared with a year earlier. Earnings per share were ₹20.48. The operating margin was 12.0%, 1.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is Cosmo First's market cap? Cosmo First Ltd's market capitalisation is ₹2,087 Cr at a share price of ₹795.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Cosmo First performing? Cosmo First Ltd's share price has been rising for 18 weeks. In its latest quarter, revenue rose 45.8% and profit rose 25.6% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 4 weeks running (as of 4 November 2026). ### Will Cosmo First's share price go up? This page does not forecast Cosmo First Ltd's share price. What it shows instead: the share price is ₹795.00, and it has been rising for 18 weeks. Its P/E of 12.1× is higher than 75% of its own last 11 years (as of 4 November 2026). ### Who owns Cosmo First? Promoters own 40.8% of Cosmo First Ltd, foreign institutions 3.0%, domestic institutions 2.2% and the public 52.9% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 4.3 percentage points over 8 quarters (as of 4 November 2026). ### Does Cosmo First have too much debt? Yes, Cosmo First Ltd has a lot of debt: its debt is 1.04× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹1,680 Cr against equity of ₹1,616 Cr. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### Where is Cosmo First in its business cycle? Cosmo First Ltd's FY26 operating margin was 11.0%, against a 13-year range of 6.0% to 19.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Cosmo First story? The main question: yearly earnings per share moved +16.9% while the share price moved −9.2%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Cosmo First a stock worth studying right now? What the numbers show: Cosmo First Ltd's earnings have grown faster than its share price. Earnings per share grew +16.9% in a year while the price moved −9.2%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Cosmo First share price forecast for 2026? What management itself guided: FY27 consolidated top-line growth close to 20%, new businesses close to 60%, commensurate bottom-line growth and US film growth 25-30%. What is changing at Cosmo First, from the latest results and calls: 81,000 mt bopp line operating leverage, specialty film mix expansion toward 70% and b2b adjacency scaling in chemicals and rigid packaging. What would change the story: Specialty film mix falling below 55% of volume for two consecutive quarters while domestic commodity BOPP gross margins remain depressed below 15 rupees per kilogram, preventing net debt from declining below 2.2x operating profit. This is research, not advice. We’re not SEBI-registered.