Creative Graphics Solutions IndiaShare price, financial results, shareholding and management
- Market cap
- ₹384 cr
- Stock P/E
- 20.5peers 12.5
- Book value
- ₹51.7
- Price to book
- 3.06
- EV / operating profit
- 14.0
- Market cap to sales
- 1.11
- ROCE · FY26
- 15.9%
- ROE · FY26
- 16.1%
- ROE, 3-year average
- 28.5%
- Operating margin · FY26
- 9.7%peers 6.7%
- Sales growth, 3 years
- 56.7%
- Profit growth, 3 years
- 27.7%
- Debt to equity
- 0.73peers 0.70
- Borrowings
- ₹91.9 cr
- Interest cover
- 4.6×
- Cash from business / op. profit
- -27%
- Debtor days
- 120
- Pledged
- 0.00%
- Promoter holding
- 68.07%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 1,916
- 52-week high / low
- ₹217 / ₹122
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Creative Graphics Solutions India share price chart
Close on 6 Nov 2026 · -1.19% on the day · Vol 8,000
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- +3.0%
- 3 months
- +5.4%
- 6 months
- -2.7%
- 1 year
- -24.2%
- Since IPO
- +86.0%
- Traded a day, 20 days
- ₹0.37 cr
- Taken for delivery
- 75%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +38% | -10% |
| 3 years, a year | +57% | +28% |
| Latest half, H2 FY26 | +23% | -44% |
About Creative Graphics Solutions India: business, products and customers
Creative Graphics Solutions India makes the printing plates that packaging printers put on their presses, and through its subsidiary Wahren makes aluminium blister foil that drug makers use to pack tablets and capsules. Its shares trade on NSE Emerge.
Creative Graphics Solutions India, based in Noida, has made flexographic printing plates since its founder started in the trade in the late 1990s, serving packaging printers through branches in Noida, Baddi, Bangalore, Mumbai, Chennai, Hyderabad, Ahmedabad and Pune, with a new plant at Bangalore running and one in Oman delayed. Its wholly owned subsidiary Wahren India, started a few years ago, makes Alu Alu cold form foil for drug makers, and has added PVC and PVDC films and a tandem laminating line, bought as used machines.
The two halves earn money differently. Plates are a service business where management expects margins in the high teens to low twenties. Foil is a conversion business: Wahren imports aluminium, PVC and other materials, of which aluminium is about half, and supplies by the kilo, so revenue rises with metal prices and margins are thinner, which management expects in the low teens over time. Orders are taken monthly at a fixed price, so when costs jumped and supplies were late in the second half of FY26, the company absorbed the higher cost on orders already taken.
Read more about the business
In foil, the Managing Director named Svam Toyal as the largest maker, followed by a smaller unlisted player and ACG, which mainly exports, and said Wahren now offers a wider range than the leader to the same drug makers. Group purchases are sometimes made by the listed parent and resold to Wahren, which raises standalone sales but drops out of the consolidated figures. The Managing Director said in May 2026 that a new chief executive with three decades in the industry, earlier technical head at DuPont, had recently joined to lead the plates business.
From the offer document, the March 2026 investor presentation, the March 2026 and May 2026 investor calls and the May 2026 earnings press release.
Read the deeper study ↓In its favour
- Sales have grown very fast: 57% a year over three years.
- The promoters own a large part of the company: 68.07%.
To watch
- Commercial start of the new 12,000 tonne Alu Alu line within H1 FY27 (Earnings press release, May 2026, p.5).
- Use of the PVC and PVDC line at about 25% in FY27, as the Managing Director said (Investor call, May 2026, p.14).
- Start of the Oman plates plant, delayed by the war (Investor call, May 2026, p.3).
- Exports at about a fifth of foil sales (Investor call, May 2026, p.15).
- It paid no dividend in the past year.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Creative Graphics Solutions India revenue and profit growth
Half-yearly results · Profit and lossSales have grown very fast. Last year profit fell even as sales rose, so the company kept less from each rupee of sales.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Creative Graphics Solutions India half-yearly results
SME companies report every six months · ₹ crore
| H2FY23 | H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|---|
| Sales | 48 | 48 | 84 | 113 | 138.03 | 175.89 | 170.09 |
| Expenses | 40 | 36 | 77 | 100 | 118.95 | 154.92 | 157.66 |
| Operating profit | 8 | 12 | 7 | 13 | 19.08 | 20.97 | 12.43 |
| OPM | 16.0% | 24.0% | 8.0% | 12.0% | 13.8% | 11.9% | 7.3% |
| Interest | 1 | 1 | 2 | 2 | 2.57 | 2.99 | 3.70 |
| Depreciation | 1 | 1 | 3 | 2 | 2.70 | 2.56 | 2.94 |
| Profit before tax | 7 | 9 | 5 | 12 | 15.35 | 16.41 | 7.75 |
| Net profit | 5 | 7 | 4 | 9 | 11.62 | 12.21 | 6.56 |
Creative Graphics Solutions India profit and loss
Full years to March, FY21 to FY26 · ₹ crore, consolidated where reported
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Sales | 48 | 68 | 90 | 132 | 251.08 | 345.98 |
| Expenses | 43 | 59 | 76 | 113 | 218.78 | 312.59 |
| Operating profit | 5 | 10 | 15 | 19 | 32.30 | 33.39 |
| OPM | 10.0% | 14.0% | 16.0% | 14.0% | 12.9% | 9.7% |
| Other income | 0 | 0 | 2 | 4 | 5.41 | 2.95 |
| Interest | 0 | 1 | 1 | 4 | 4.72 | 6.69 |
| Depreciation | 1 | 3 | 3 | 4 | 5.15 | 5.50 |
| Exceptional and other items | -1 | · | -1 | · | · | · |
| Profit before tax | 3 | 6 | 12 | 15 | 27.84 | 24.15 |
| Tax rate | 33.3% | 16.7% | 25.0% | 26.7% | 25.4% | 22.4% |
| Net profit | 2 | 5 | 9 | 11 | 20.77 | 18.75 |
| EPS ₹ | 30.40 | 62 | 115.33 | 6.04 | 8.58 | 7.72 |
| Dividend payout | 0.0% | 0.0% | 1.0% | 17.0% | 0.0% | 0.0% |
The years to FY24 come rounded to the nearest crore in the source.
Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.
Earnings per share before FY24 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Creative Graphics Solutions India profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. It earns a moderate return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Operating margin | 10.0% | 14.0% | 16.0% | 14.0% | 12.9% | 9.7% |
| Tax rate | 33.3% | 16.7% | 25.0% | 26.7% | 25.4% | 22.4% |
| ROCE | · | 39.4% | 40.9% | 29.5% | 25.4% | 15.9% |
| ROE | · | 64.5% | 63.2% | 40.2% | 29.1% | 16.1% |
| Dividend payout | 0.0% | 0.0% | 1.0% | 17.0% | 0.0% | 0.0% |
Creative Graphics Solutions India debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take about as long to pay as they did in FY24.
Bars below the line are cash going out.
Creative Graphics Solutions India balance sheet
At each 31 March · ₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Equity capital | 0.75 | 0.75 | 0.75 | 18 | 24.29 | 24.29 |
| Reserves | 5 | 9 | 18 | 18 | 82.44 | 101.21 |
| Net worth | 5.75 | 9.75 | 18.75 | 36 | 106.73 | 125.50 |
| Borrowings | 9 | 11 | 24 | 50 | 63.95 | 91.90 |
| Other liabilities | 20.25 | 24.25 | 23.25 | 30 | 46.99 | 62.27 |
| Total liabilities | 35 | 45 | 66 | 116 | 217.67 | 279.67 |
| Fixed assets | 11 | 12 | 25 | 35 | 47.82 | 75.83 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 1 | 1 | 0.99 | 0.96 |
| Other assets | 24 | 33 | 40 | 80 | 168.86 | 202.88 |
| Receivables | · | · | · | · | 75.12 | 114.16 |
| Inventory | · | · | · | · | 46.44 | 55.73 |
| Cash | · | · | · | · | 22.55 | 9.20 |
| Trade payables | · | · | · | · | 36.88 | 46.07 |
Creative Graphics Solutions India cash flow
₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Cash from operations | 1 | 4 | 5 | 3 | -22.26 | -8.99 |
| Cash from investing | -3 | -3 | -17 | -3 | -20.22 | -26.64 |
| Cash from financing | 1 | 0 | 12 | 4 | 59.91 | 22.28 |
| Net cash flow | -1 | 1 | 0 | 4 | 17.43 | -13.35 |
| Capital spending | · | · | · | · | 17.52 | 27.16 |
Working capital
Days
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Debtor days | 161 | 134 | 118 | 128 | 109 | 120 |
| Inventory days | 3 | 11 | 37 | 90 | 102 | 79 |
| Days payable | 205 | 145 | 134 | 108 | 81 | 65 |
| Cash conversion cycle | -40 | 1 | 20 | 110 | 130 | 134 |
| Working capital days | -22 | -15 | 1 | 27 | 75 | 74 |
Creative Graphics Solutions India peers and competitors
Listed SME companies in the same industryBy sales, Creative Graphics Solutions India is number 24 of the 156 listed SME companies in industrial products.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Aditya Ultra Steel | 59 | 14.7 | 406 | 4 | 2.7% | 0.77 |
| Swastik Pipe | 39 | - | 386 | -57.6 | -17.4% | 1.02 |
| Injecto Polymers | 197 | 12.3 | 376 | 16 | 10.0% | 2.62 |
| JD Cables | 401 | 12.5 | 365 | 32 | 13.0% | 0.39 |
| Siyaram Recycling Industries | 74 | 18.5 | 362 | 4 | 4.7% | 0.88 |
| Megatherm Induction | 481 | 20.3 | 346 | 23.7 | 9.6% | 0.30 |
| Creative Graphics Solutions India | 384 | 20.5 | 346 | 18.8 | 9.7% | 0.73 |
| Newmalayalam Steel | 40 | 5.7 | 320 | 7 | 3.6% | 0.19 |
| Ecoline Exim | 368 | 18.2 | 278 | 20.2 | 8.7% | 0.36 |
| Sharp Chucks and Machines | 115 | 12.5 | 274 | 9.2 | 12.1% | 1.13 |
| Sati Poly Plast | 17 | 4.8 | 273 | 3.5 | 2.7% | 0.62 |
| Median of the 10 others | 95 | 12.5 | 354 | 8.1 | 6.7% | 0.70 |
Creative Graphics Solutions India shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders has grown a lot.
Creative Graphics Solutions India shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Sep 26 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 68.08% | 68.08% | 68.08% | 68.07% | 68.07% | 68.07% | 68.07% | 68.07% |
| Foreign investors (FIIs) | 2.22% | 0.62% | 0.60% | 0.60% | 0.58% | 0.58% | - | - |
| Indian institutions (DIIs) | 2.00% | 0.67% | 0.76% | 1.17% | 0.78% | 1.08% | 1.07% | 0.81% |
| HNIs (over ₹2 lakh each) | 8.24% | 8.25% | 9.02% | 10.46% | 10.72% | 9.92% | 10.05% | 10.31% |
| Small holders (up to ₹2 lakh) | 12.48% | 14.56% | 14.13% | 13.75% | 14.03% | 14.47% | 14.74% | 15.82% |
| Companies and others | 6.98% | 7.82% | 7.41% | 5.95% | 5.82% | 5.88% | 6.07% | 4.99% |
| Number of shareholders | 1,206 | 1,723 | 1,757 | 1,690 | 1,687 | 1,748 | 1,847 | 1,916 |
The named holders are at 30 Sept 2026, beside 31 March 2026, each under the group the pattern files them in.
Creative Graphics Solutions India study: the business from its own documents
Read from 10 of the company's own documentsCreative Graphics Solutions India so far
From the company's own record
- 9 April 2024Listed on NSE Emerge at ₹85
- 30 Sept 2026Promoters at 68.07%
- 8 May 2024Highest close since listing, ₹235.49
Creative Graphics Solutions India key facts from the filings
Each figure with the document it comes from
- Total income
- ₹348 cr
- Consolidated total income in FY26, up from ₹256 cr in FY25 and ₹135 cr in FY24.Earnings press release, May 2026, p.3
- Net profit
- ₹18.8 cr
- Consolidated FY26 profit, down from ₹20.8 cr as new plants added costs before revenue.Earnings press release, May 2026, p.3 and p.4
- Plates revenue
- About ₹130 cr
- FY26 revenue from flexographic plates; the rest came almost all from Alu Alu foil.Investor call, May 2026, p.6 and p.18
- Alu Alu share
- 8% to 10%
- Wahren's share of the Indian Alu Alu foil market, which the Managing Director puts at about 5,000 tonnes a month.Investor call, May 2026, p.13
- Foil capacity
- 8,000 to 20,000 tonnes
- A new 12,000 tonne a year line was installed and in trials in May 2026; the existing line ran at about 80% in the second half.Earnings press release, May 2026, p.5; Investor call, May 2026, p.14
Show 5 more facts
- Foil price
- ₹400 to ₹550 a kg
- Selling price passed on to customers over a few months as aluminium rose.Investor call, May 2026, p.7 and p.18
- Second half margin hit
- About ₹5 cr
- Gross margin lost in pharma packaging in the second half of FY26 to aluminium prices, the rupee and late supplies.Earnings press release, May 2026, p.4
- Customers
- 400+
- Foil customers include Intas, Torrent and Zydus Cadila, and no small group dominates, the Managing Director said.Investor call, May 2026, p.4
- Export orders
- 100 tonnes+
- In hand by May 2026, after the first export order in February 2026.Earnings press release, May 2026, p.5 and p.6
- New bank line
- About ₹60 cr
- Working capital limit from Citibank signed in March 2026, alongside a first bill discounting deal. The company filed a credit rating announcement on 14 October 2026; the rating itself is not in the documents read.Investor call, May 2026, p.10; Exchange announcement, 14 Oct 2026, subject line only
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
In May 2026 the company said the new 12,000 tonne Alu Alu line was on track to start commercial production within the first half of FY27, with total foil capacity of 20,000 tonnes used at about 40% to 50% in FY27, the PVC and PVDC line at about 25%, and exports at about a fifth of foil sales. The Oman plates plant is expected in a coming quarter. The company calls revenue of ₹1,000 cr an ambition rather than guidance and says it does not give guidance.
| What management said | When | What happened |
|---|---|---|
| New 12,000 tonne Alu Alu line in commercial operation within H2 FY26 | May 2025 update | Installed and in trials in May 2026, now set for H1 FY27 |
| Tandem line commercial orders in H2 FY26 | May 2025 update | Commercialised in April 2026 |
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Creative Graphics Solutions India earns steady money from printing plates and is growing fast in pharma blister foil, a bigger but thinner margin business that depends on imported metal.
Its weak spots are swings in aluminium prices and supply, plants that have started late, and the money tied up in stock and customer credit as foil sales grow.
AverageCan it set its own prices?It has raised foil prices month by month as costs rose, but orders already taken are not repriced, so sudden jumps hurt.
AverageHow strong is it against rivals?In foil it is a fast growing second source behind a much larger leader, with a wider product range; in plates it is an established name.
StrongWho are its customers?Drug makers large and small take its foil, and sales are spread across many customers.
WatchDoes it need a lot of money?New foil lines, higher metal prices and long customer credit all need money, and borrowings have risen.
StrongCan it keep finding new work?Demand for its foil has run ahead of what it can make, and exports and new film products are starting.
WatchDo good and bad years swing a lot?Profit swings with aluminium prices, the rupee and the timing of new plants, as the latest half showed.
Who runs Creative Graphics Solutions India?
Promoters, directors and officers; tap a name for the background
DGDeepanshu GoelPromoter and Managing Director · holds 64.54%
Started in the flexo printing industry in 1998 and holds an Advance Programme in Strategic Management for Business Excellence from IIM Lucknow; has led the company from its start as a pre-press trade shop.
Offer document, p.164 and p.177SGSarika GoelPromoter and Executive Director · holds 3.53%
A commerce graduate of Delhi University with a fashion design course from JD Institute of Fashion Technology; works on strategy and the company's culture and practices. The offer document states that Sarika Goel is the spouse of Deepanshu Goel.
Offer document, p.164, p.165 and p.177GAGaurav AroraNon Executive Director
A postgraduate in business management from IMS Ghaziabad who worked as a procurement manager with the Jindal Group and for eight years in executive posts with ENI Saipem across several countries.
Offer document, p.164NRNikhil RungtaIndependent Director
Holds an MBA from NMIMS and has more than 25 years in general management, marketing and growth roles at Google, Intuit, Yahoo, Reliance Jio and others.
Offer document, p.164PSPuneet SharmaIndependent Director
A finance professional with more than 24 years in finance and accounting roles at GE Capital, HSBC and TCS.
Offer document, p.164Creative Graphics Solutions India latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹170 cr (+23%), net profit ₹6.6 cr (-44%) on H2 FY25.
- Shareholding, 30 Sept 2026: promoters unchanged at 68.07%.
Creative Graphics Solutions India announcements
81 on record, latest first; each opens the filing on the exchange
- Credit RatingCredit RatingPDF ↗
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Certificate under SEBI (Depositories and Participants) Regulations, 2018PDF ↗
- Shareholders meetingof Scrutinizers report of Annual General Meeting held on September 25, 2026. Further, the company has informed the Exchange regarding voting resultsPDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- CorrigendumTo Proceedings of Annual General MeetingPDF ↗
- CorrigendumTo Proceedings of Annual ReportPDF ↗
- Shareholders meetingProceedings of Annual General Meeting held on September 25, 2026PDF ↗
- CorrigendumTo AGM Notice & Annual Report for the Financial Year 2025-2026PDF ↗
- CorrigendumTo AGM Notice & Annual Report for the Financial Year 2025-2026PDF ↗
- Copy of Newspaper PublicationCopy of Newspaper PublicationPDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 25, 2026PDF ↗
- Updates'Intimation for the 12th Annual General Meeting (AGM)'PDF ↗
Creative Graphics Solutions India annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Creative Graphics Solutions India share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Creative Graphics Solutions India's data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (2,42,86,000 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY23 (₹115.33) and FY24 (₹6.04) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY21 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Creative Graphics Solutions India
What does Creative Graphics Solutions India do?
Creative Graphics Solutions India makes the printing plates that packaging printers put on their presses, and through its subsidiary Wahren makes aluminium blister foil that drug makers use to pack tablets and capsules. Its shares trade on NSE Emerge.
What is the share price of Creative Graphics Solutions India?
₹158 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Creative Graphics Solutions India?
₹384 cr at the close on 6 Nov 2026, on 2,42,86,000 shares.
What is the P/E of Creative Graphics Solutions India?
20.5 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Creative Graphics Solutions India's revenue and profit?
Revenue ₹346 cr and profit after tax ₹19 cr in FY26.
Who are the promoters of Creative Graphics Solutions India?
Deepanshu Goel, Sarika Goel; promoters held 68.07% at 30 Sept 2026.
What was the IPO price of Creative Graphics Solutions India?
₹85 a share; it listed on 9 April 2024.
What is Creative Graphics Solutions India's website?
creativegraphics.net.in
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Built from 4 investor presentations, 3 earnings call transcripts, 1 offer document, 1 result filing, 1 press release, 81 exchange announcements, 8 shareholding patterns and 6 years of reported results. Every figure carries its source; where the documents are silent, the page says so.