CGRAPHICS

Creative Graphic financials

Market cap
₹351 Cr
Sector
Capital Goods
Calls analysed
4
Latest concall · Q4 FY26 · call held 25 May 2026

Creative Graphic Q4 FY26

Consolidated Revenue ₹348 cr +158%Consolidated PAT ₹18.67 cr −10%

What went well

  • Consolidated revenue for FY26 was Rs. 348 crores, a significant increase from Rs. 135 crores in FY24.
  • H2 FY26 consolidated revenue increased to Rs. 172 crores from Rs. 140 crores in H2 FY25.
  • Successfully passed on raw material price increases to clients, with prices increasing from Rs. 400 to Rs. 550 in some instances.

What to watch

  • Net profit after tax for FY26 declined to Rs. 18.67 crores from Rs. 20.77 crores in FY25, a 10.01% decrease.
  • H2 FY26 consolidated PAT dropped significantly to Rs. 6.55 crores from Rs. 12.21 crores in H1 FY26, a 46.35% decline.
Read the full call →

What Creative Graphic does

Creative Graphics Solutions India Limited manufactures photopolymer printing plates for flexographic, letterpress and dry-offset printing, serving FMCG, food, personal-care and pharmaceutical clients. Its wholly-owned subsidiary Wahren India makes cold-form Alu-Alu foils and PVC/PVDC films used in pharmaceutical blister packaging, while another subsidiary, CG Premedia, offers packaging design, artwork/prepress and 3D mock-up services. The group runs manufacturing plants across India and is commissioning a new flexo facility in Oman.

Segments

  • Flexography (prepress & plates)
  • Pharma packaging (Wahren India)
  • Premedia (CG Premedia)
Manufacturing facilities
9 plants across India (Noida, Ahmedabad, Hyderabad, Baddi, Bangalore, Chennai, Mumbai, Pune)
Active clients
4,300+ (4,000+ flexography, 300+ pharma)
Alu-Alu foil capacity (Wahren)
8,000 MT/yr, expanding to 20,000 MT/yr (FY27 planned)
International manufacturing presence
New flexo facility in Oman under commissioning, alongside 9 India plants
ISO-certified facilities
ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified
Export market engagement
120+ international buyers reached across 8 trade shows (5 global, 3 domestic) in FY25
Founded 2014Headquarters Noida, Uttar Pradesh, IndiaEmployees 480 (FY25) Company website

Guidance record · Q4 FY26

what the last two calls moved 11 tracked 3 delivered 2 missed 6 open
  • Warren Capacity Utilization delivered said Q4 FY25 Promised: targeting at least 80% of the capacity utilisation in the earlier facility Q4 FY26: No new update. Promise remains achieved as of Q3 FY26.
  • Top Line Growth missed said Q4 FY25 Promised: looking to double our top line year on year Q4 FY26: FY26 revenue grew 39.2% YoY to ₹348 cr from ₹250 cr, missing the 100% growth target. Management reiterated the ambition to 'double top line every year going forward'.
  • Warren New Capacity Commercialization delayed said Q4 FY25 Promised: Now it is in the H2 [FY26], it should be commercially workable. Q4 FY26: Management confirmed the new 20,000 MT Alu Alu factory is 'in the process of getting commercialized' with revenue expected 'in the next month' (i.e., June, Q1 FY27), confirming the previously announced delay.

All 11 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q4 FY26: revenue up 102.4%, net profit up 75.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue48 48 84 113 138 +188%176 +267%170 +102%
EBITDA8 12 7 13 19 +138%21 +75%12 +71%
Net profit5 7 4 9 12 +140%12 +71%7 +75%
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 −37.4% 1Y

₹150₹200₹250Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 19 Nov 2025Q3 FY26 — 11 Mar 2026Q4 FY26 — 25 May 2026

1Y: ₹231.25 on 10 Sept 2025 → ₹144.65. High ₹242.1 (16 Sept 2025), low ₹125.45 (27 Jul 2026).

How the price took the results

close before → close after

Q4 FY26
+1.3%
25 May
Q3 FY26
−2.1%
11 Mar
Q2 FY26
−2.4%
19 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Balance sheet

Year endingFY21FY22FY23FY24FY25
Equity capital₹1 Cr₹1 Cr₹1 Cr₹18 Cr₹24 Cr
Reserves₹5 Cr₹9 Cr₹18 Cr₹18 Cr₹95 Cr
Borrowings₹9 Cr₹11 Cr₹24 Cr₹50 Cr₹77 Cr
Other liabilities₹20 Cr₹24 Cr₹23 Cr₹30 Cr₹71 Cr
Total liabilities₹35 Cr₹45 Cr₹66 Cr₹116 Cr₹268 Cr
Fixed assets₹11 Cr₹12 Cr₹25 Cr₹35 Cr₹55 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹1 Cr
Other assets₹24 Cr₹33 Cr₹40 Cr₹79 Cr₹212 Cr
Total assets₹35 Cr₹45 Cr₹66 Cr₹116 Cr₹268 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 Mar 2026

Since Mar 2025, FIIs trimmed −0.60 pp while DIIs added +0.31 pp. The shareholder count grew 5% to 1,847.

Promoters
68.1%
DIIs
1.1%
Public
30.9%

Since Mar 2025

  • FIIs −0.60 pp
  • DIIs +0.31 pp
  • Public +0.30 pp

How it drifted, 8 quarters

Over this window the public went from 26.4% to 30.9% — +4.5 pp.

Jun '24Mar '25Mar '26

Ownership split by quarter, oldest first. Jun '24: Promoters 67.8%, FIIs 3.0%, DIIs 2.8%, Public 26.4%.Sep '24: Promoters 68.1%, FIIs 2.2%, DIIs 2.0%, Public 27.7%, Others 0.0%.Dec '24: Promoters 68.1%, FIIs 0.6%, DIIs 0.7%, Public 30.6%, Others 0.0%.Mar '25: Promoters 68.1%, FIIs 0.6%, DIIs 0.8%, Public 30.6%, Others 0.0%.Jun '25: Promoters 68.1%, FIIs 0.6%, DIIs 1.2%, Public 30.2%.Sep '25: Promoters 68.1%, FIIs 0.6%, DIIs 0.8%, Public 30.6%.Dec '25: Promoters 68.1%, FIIs 0.6%, DIIs 1.1%, Public 30.3%.Mar '26: Promoters 68.1%, DIIs 1.1%, Public 30.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Dec 2025

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

  • 0 newly disclosed 1.00% held

The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Mar 2026 filing

Every holder of Creative Graphic above SEBI's 1% disclosure line, and what changed since Dec 2025.

HolderStakeChange
Deepanshu Goel 64.54%unchanged
Sarika Goel 3.53%unchanged
Tikri Partners Llp 1.74%−0.73 pp
0 1.00%newly disclosed
Deepak Goel 0.00%unchanged
Tanul Goel 0.00%unchanged
Khushboo Siddharth Nahar —off the list
Manhar Rao Yadav —off the list

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.

What the price assumes

Growth the price implies
-1.2% a year
for 7 years, fading to 4%
It has actually compounded at
Not enough history
The gap
—
between what it did and what it must do
Price today ₹144.65

Change the assumptions yourself →

All earnings calls (4)

Read the Q4 FY26 call →

Learn to analyse Creative Graphic

Guides on how to read this kind of business and the numbers that matter.