GSM Foils Limited — Investor Meet, 13-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

GSM Foils reported a robust Q4 and FY25 with revenue up 234% YoY to INR 45.61 Cr, EBITDA rising 582% to INR 5.8 Cr (margin up 649 bps to 12.7%), and PAT surging 1,216% to INR 3.42 Cr (7.5% margin). Utilization improved to ~70%, supported by a wider client base across 14 states. Plans include diversification into Lamitubes and Alu-Alu foils via trading, with a INR 3-4 Cr capex by Q3 FY26 for backward integration and margin improvement. FY26 revenue guidance is INR 190-250 Cr (60-80% growth) with steady margins aided by operational leverage and procurement efficiency. Pharma packaging demand is outpacing pharma growth; expansion focus remains on pharma-grade foils, with no current food-grade plans. Management is confident on sustaining growth and profitability despite pricing pressure and commodity volatility.