526747
PG Foils financials
- Market cap
- ₹261 Cr
- Sector
- Metals & Mining
What PG Foils does
PG Foils manufactures aluminium foil and specialty, difficult-to-manufacture flexible packaging products, primarily pharma blister and strip foils, sachet foils and multilayer laminates, sold to pharmaceutical and FMCG companies in India and abroad. It runs a single integrated manufacturing facility at Pipalia Kalan, Rajasthan equipped with German, US, UK, Italian and Korean rolling, laminating, printing and slitting machinery. The company also operates a captive solar power plant to lower input costs at the same site.
Segments
- Aluminium foil & flexible packaging
- Manufacturing capacity
- 11,700 MTPA
- Manufacturing facility
- 1 integrated plant, Pipalia Kalan, Rajasthan (~4.5 acres)
- Customers
- 200+ domestic and international
- Export destinations
- 25+ countries
- Product portfolio
- 17 foil and laminate product lines
- Captive solar power capacity
- 2 MW installed (1 MW additional under installation)
Quarterly results
Q1 FY27: revenue up 53.7%, net profit up 55.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 100 | 151 | 112 | 82 | 74 −26% | 72 −52% | 91 −19% | 126 +54% |
| EBITDA | -3 | 9 | 8 | -5 | -4 −33% | -3 −133% | 7 −12% | 3 +160% |
| Net profit | 7 | 11 | -5 | 9 | -8 −214% | 0 −100% | -10 −100% | 14 +56% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +13.8% 1Y
1Y: ₹197.7 on 10 Sept 2025 → ₹225. High ₹287 (30 Jan 2026), low ₹171.15 (11 Dec 2025).
Financials, as filed
Revenue fell 1.8% a year over 3 years, FY23 to FY26. Operating margin widened to -1.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹337 Cr | ₹317 Cr | ₹491 Cr | ₹319 Cr |
| Operating profit | ₹-7 Cr | ₹-21 Cr | ₹13 Cr | ₹-5 Cr |
| Operating margin | -2.2% | -6.6% | 2.6% | -1.6% |
| Interest | ₹23 Cr | ₹4 Cr | ₹5 Cr | ₹12 Cr |
| Depreciation | ₹4 Cr | ₹4 Cr | ₹6 Cr | ₹7 Cr |
| Net profit | ₹0 Cr | ₹17 Cr | ₹25 Cr | ₹-9 Cr |
| Net margin | 0.1% | 5.4% | 5.1% | -2.8% |
| Cash from operations | ₹77 Cr | ₹21 Cr | ₹17 Cr | ₹-110 Cr |
| Free cash flow | ₹55 Cr | ₹16 Cr | ₹1 Cr | ₹-112 Cr |
| ROCE | 7.0% | 3.0% | 9.0% | 1.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹8 Cr | ₹9 Cr | ₹11 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹171 Cr | ₹248 Cr | ₹273 Cr | ₹302 Cr | ₹329 Cr | ₹318 Cr |
| Borrowings | ₹175 Cr | ₹261 Cr | ₹128 Cr | ₹70 Cr | ₹87 Cr | ₹142 Cr |
| Other liabilities | ₹28 Cr | ₹29 Cr | ₹32 Cr | ₹29 Cr | ₹83 Cr | ₹32 Cr |
| Total liabilities | ₹383 Cr | ₹547 Cr | ₹444 Cr | ₹413 Cr | ₹512 Cr | ₹504 Cr |
| Fixed assets | ₹34 Cr | ₹33 Cr | ₹38 Cr | ₹37 Cr | ₹60 Cr | ₹57 Cr |
| Capital work in progress | ₹2 Cr | ₹1 Cr | ₹14 Cr | ₹14 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹195 Cr | ₹234 Cr | ₹156 Cr | ₹151 Cr | ₹196 Cr | ₹132 Cr |
| Other assets | ₹152 Cr | ₹280 Cr | ₹236 Cr | ₹210 Cr | ₹256 Cr | ₹315 Cr |
| Total assets | ₹383 Cr | ₹547 Cr | ₹444 Cr | ₹413 Cr | ₹512 Cr | ₹504 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −3.41 pp while promoters added +3.39 pp. The shareholder count shrank 6% to 7,676.
- Promoters
- 54.4%
- Public
- 45.6%
Since Jun 2025
- Public −3.41 pp
- Promoters +3.39 pp
How it drifted, 12 quarters
Over this window promoters went from 51.0% to 54.4% — +3.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 51.0%, Public 49.0%.Dec '23: Promoters 51.0%, Public 49.0%.Mar '24: Promoters 51.0%, Public 49.0%.Jun '24: Promoters 51.0%, Public 49.0%.Sep '24: Promoters 51.0%, Public 49.0%.Dec '24: Promoters 51.0%, Public 49.0%.Mar '25: Promoters 51.0%, Public 49.0%.Jun '25: Promoters 51.0%, Public 49.0%.Sep '25: Promoters 51.0%, Public 49.0%.Dec '25: Promoters 51.0%, Public 49.0%.Mar '26: Promoters 54.4%, Public 45.6%.Jun '26: Promoters 54.4%, Public 45.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Gopi Kishan Malani +0.07 pp 1.47% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of PG Foils above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Pipalia Cables And Wires Pvt Ltd | 15.19% | unchanged |
| Foils India Laminates (P) Ltd | 13.58% | unchanged |
| Pankaj P Shah | 6.99% | unchanged |
| Manju Pankajraj Shah | 4.25% | unchanged |
| Madras Alucon Private Ltd | 3.84% | unchanged |
| Prem Alucon Private Ltd | 3.56% | unchanged |
| Miracle Foils Private Limited | 3.56% | unchanged |
| Sangeetha S . | 3.20% | unchanged |
| Prem Foils Limited | 2.99% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 2.74% | unchanged |
| Sahil P Shah | 2.13% | unchanged |
| Stone Colour Exim Private Ltd | 2.12% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse PG Foils
Guides on how to read this kind of business and the numbers that matter.