| P/E TTM | -69.03Sector 17.05 |
|---|---|
| Market Cap | ₹220.8 CrMetals Sector |
| Price to Book | 0.64Adjusted |
| RSI | 45.1Neutral Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 106 | 126 | 73.5 |
| Other Income | 6.4 | 18.5 | -1.6 |
| Total Income | 113 | 144 | 71.9 |
| Profit Before Tax | 13.4 | 18.7 | -8.0 |
| Net Profit | 11.4 | 14.3 | -8.0 |
| Operating Margin | 11.9% | 13.0% | -11.1% |
| Net Profit QoQ | -20.3% | ||
| Net Profit YoY | +242.5% | ||
| Adj. Profit QoQ | +3,400.0% | ||
| Adj. Profit YoY | +209.4% | ||
Key highlights
- Net profit reached ₹11.4 crore, marking a 242.5% increase over the previous year's loss
- Revenue from operations grew 44.2% year-on-year to ₹106 crore
- Operating margin expanded to 11.9% from a negative 11.1% in Q2 FY26
- Total income for the quarter stood at ₹113 crore, including ₹6.4 crore in other income
- Company maintains an installed aluminium foil capacity of 11,700 MTPA in Rajasthan
- Promoter holding increased by 2.12% during the quarter to reach 56.49%
Capacity Utilization and Revenue Trends
PG Foils Ltd reported a standalone revenue of ₹106 crore for the quarter ended September 30, 2026. This performance reflects a significant increase compared to the ₹73.5 crore recorded in the same quarter of the previous year. However, the top line contracted by 15.8% on a sequential basis from the ₹126 crore reported in the June 2026 quarter.
The company operates within the aluminium and aluminium products industry, utilizing an installed capacity of 11,700 MTPA for foil and flexible packaging at its Pipalia Kalan plant. This manufacturing unit is supported by a captive 2.1 MW wind power project, which aids in optimizing energy costs and operational efficiency.
Operational Margins and Expense Breakdown
- Cost of materials consumed for the quarter stood at ₹91.87 crore, up from ₹60.93 crore in the year-ago period
- Employee benefit expenses were reduced to ₹3.63 crore from ₹5.53 crore on a year-on-year basis
- Finance costs decreased to ₹1.13 crore compared to ₹1.53 crore in Q2 FY26
- Total expenses for the quarter amounted to ₹99.32 crore, representing 87.8% of total income
- Operating profit margin improved significantly to 11.9% from a negative 11.1% in the prior year
Sector Context and Market Valuation
The company's latest results come amid a broader recovery in the metals sector, where sector revenue growth averaged 22.56%. PG Foils currently trades at a Price-to-Book value of 0.64, which is lower than many of its industry peers. While the TTM Price-to-Earnings ratio remains negative at -69.03 due to historical annual losses, the three-year average PE stands at 12.79.
Market data indicates that the stock is trading with a beta of 0.49 over a one-year period, suggesting lower volatility relative to the market index. The company's net worth stood at ₹361.14 crore as of September 30, 2026, driven by an increase in other equity reserves.
| Date | Announcement | Amount |
|---|---|---|
| 13 Aug 2026 | Q1 FY27 Unaudited Standalone Revenue from OperationsSource: bajajbroking.in | ₹125.58 Cr |
| 28 May 2026 | Q4 FY26 Audited Standalone Revenue from OperationsSource: bajajbroking.in | ₹91.29 Cr |
| 13 Feb 2026 | Q3 FY26 Unaudited Standalone Revenue from OperationsSource: bsmedia.business-standard.com | ₹71.86 Cr |
| 14 Nov 2025 | Q2 FY26 Unaudited Standalone Revenue from OperationsSource: economictimes.indiatimes.com | ₹73.55 Cr |
| 13 Aug 2025 | Q1 FY26 Unaudited Standalone Revenue from OperationsSource: alphasurveillance.in | ₹81.80 Cr |
| 25 Jun 2025 | Q4 FY25 Audited Standalone Revenue from OperationsSource: market data.com | ₹105.29 Cr |
What to watch next
- Review of annual vendor supply contracts for the second half of FY27
- Next quarterly results announcement expected in mid-February 2027
- Monitoring of raw material cost fluctuations in the aluminium market
| Share price | ₹187.2 |
|---|---|
| Market capitalisation | ₹220.80 Cr |
| Revenue (annual) | ₹318.50 Cr |
| Net profit (annual) | -₹8.24 Cr |
| Revenue (latest quarter) | ₹125.58 Cr+37.56% vs previous quarter |
| Net profit (latest quarter) | ₹14.34 Cr+247.48% vs previous quarter |
| P/E (TTM) | -69.03×Sector 17.05× |
| Promoter holding | 56.49%+2.12% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by PG Foils Ltd announcing its un-audited standalone financial results for the quarter and half year ended September 30, 2026. Market figures from a third-party data provider.



