Cosmo First and Polyplex Corporation are two major players in the specialty film industry, each with distinct strengths and global reach. This comparison explores their innovations, market focus, capacity, capex, and financial performance to determine who holds the edge in driving growth and leadership in the specialty film segment.
Stock Movement
With a market capitalization of Rs. 3,176.22 crore, the shares of Cosmo First Limited were currently trading at Rs. 1,210 per equity share, down nearly 4.27 percent from its previous day’s close price of Rs. 1,263.95. Over the last years, the stock has given a return of 55.30 percent.
Similarly, with a market capitalization of Rs. 3,865.98 crore, the shares of Polyplex Corporation Limited were currently trading at Rs. 1,230.15 per equity share, rising nearly 0.77 percent from its previous day’s close price of Rs. 1,220.75. Over the last years, the stock has given a return of 20.92 percent.
Company Overview
Cosmo First Limited was founded in 1981 by Ashok Jaipuria. The company originally made its mark by introducing flexible packaging to the Indian market through the launch of Cosmo Films. It specializes in BOPP (biaxially oriented polypropylene), CPP (cast polypropylene), and BOPET (biaxially oriented polyethylene terephthalate) films, as well as synthetic paper.
Correspondingly, Polyplex Corporation Limited was established in 1984 and is headquartered in Noida, India. The company is a leading Indian multinational company specializing in the production of polyester (PET) films and other plastic films used primarily in packaging, electrical, and industrial applications.
Manufacturing Facilities and Global Presence
Cosmo First Limited operates five state-of-the-art manufacturing facilities across India, the United States, and South Korea. The company supplies specialty films for packaging, lamination, and labeling to customers in over 100 countries, serving major markets across Europe, Asia, the Americas, and beyond
Polyplex Corporation Limited operates seven manufacturing facilities across India, Thailand, Turkey, the USA, and Indonesia. With a global reach, it supplies products to over 2,735 customers in more than 86 countries, spanning Europe, Asia, the Americas, and the Middle East.
Client Base
Cosmo First Limited serves a wide range of prestigious clients in its films business, including major brands like Pepsi, Coca-Cola, Nestlé, Mars, Cadbury, and Reliance, as well as companies like Amcor, Huhtamaki, and UPM, showcasing its strong industry presence.
Likewise, Polyplex Corporation Limited serves well-known clients in the flexible packaging industry that typically use polyester films, including Nestlé, Unilever, Procter & Gamble, PepsiCo, and Mondelez.
Product Portfolio
Cosmo First Limited offers a wide range of films, including BOPP, CPP, BOPET, PET-G, and thermal films. The company also provides coating and metalizing films, capacitor metallizer, and CSP films, and recently launched Sunshield films for window and paint protection.
Similarly, Polyplex Corporation Limited offers a diverse product portfolio, including thin and thick PET films, BOPP films, blown PP/PE films, and CPP films. Its value-added products include metallized films, holography, silicone and chemical coatings, and transfer metallized paper.
Installed Capacity
Cosmo First Limited has a total installed capacity of 196,000 TPA for BOPP films, followed by 26,000 TPA for Thermal films, 36,000 TPA for Coated films, 30,000 TPA for BOPET films, 40,000 TPA for metalizing, 30,000 TPA for CPP films, and 7,200 TPA for CSP films.
Correspondingly, Polyplex Corporation Limited has a total-based film capacity of 491,837 MTPA, which includes 365,400 MTPA for BOPET films, 95,000 MTPA for BOPP films, 10,000 MTPA for CPP films, and 21,637 MTPA for Blown PP films.
Additionally, Polyplex’s total value-added capacity includes 102,150 MT of Metallized films, 5,520 MT of Holography films, 1,966 mm SQM of Coated films, and 152 mm SQM of TMP films.
Capex Plans
Cosmo First has commissioned a new BOPP film manufacturing line at its Aurangabad plant with a Capex of over Rs. 400 crores. This high-tech line adds 81,200 MT annual capacity, increasing the company’s total BOPP capacity by around 40 percent to 277,000 MT.
Likewise, Polyplex Corporation Limited has planned a Capex of USD 76.5 million. This includes USD 58 million for a new BOPET film line in India, starting in H2 FY 2026-27, and USD 4.5 million for other Indian projects by Q3 FY 2025-26. Overseas, USD 14 million is set for projects starting by Q4 FY 2025-26, showing their global expansion focus.
Financial Highlights
Cosmo First Limited’s revenue has increased from Rs. 641 crore in Q4 FY24 to Rs. 746 crore in Q4 FY25, which has grown by 16.38 percent. The net profit has also grown by 80 percent, from Rs. 15 crore in Q4 FY24 to Rs. 27 crore in Q4 FY25.
Similarly, Polyplex Corporation Limited’s revenue has increased from Rs. 1,678.69 crore in Q4 FY24 to Rs. 1,739.56 crore in Q4 FY25, which has grown by 3.62 percent. The net profit of the company converted into net loss, from Rs. 31.37 crore in Q4 FY24 to Rs. -8.65 crore in Q4 FY25.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
