Cool Caps Industries Limited (COOLCAPS)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Cool Caps' revenue was ₹264 Cr (+85.9% year on year, -1.2% on the previous half-year), and net profit ₹3.0 Cr (-57.1% year on year); the operating margin was -0.4%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹264 | +85.9% | -1.2% |
| Operating profit | ₹-1.0 | to loss | to loss |
| Net profit | ₹3.0 | -57.1% | -42.0% |
| EPS (₹) | adj. 0.14 | -55.0% | +22.7% |
| Operating margin | -0.4% | — | — |
EPS restated for the 1:1 bonus of Jul 2025: H2 FY26 ₹0.27 to ₹0.14; H1 FY26 ₹0.22 to ₹0.11.
COOLCAPS delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 70.27% of the COOLCAPS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 81.91%. That is lower than usual for this stock. Turnover was only ₹9 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 98.5% · 82.9% · 100.0% · 71.0% · 70.3%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Cool Caps Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 3, 2026, the document confirms that dematerialisation requests received during the period were duly processed and confirmed to depositories. The security certificates received were mutilated and cancelled within prescribed timelines, and depositories were registered as owners. This is a recurring administrative compliance filing with no impact on business operations or financials.
- Compliance certificate submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Applies to the quarter ended 30th September 2026
- Certificate issued by RTA MUFG Intime India Private Limited dated 03-10-2026
- Confirms mutilation, cancellation of received share certificates, and substitution of depository names within statutory timelines
Cool Caps Industries Limited has issued the notice for its 11th Annual General Meeting scheduled for September 30, 2026. Key ordinary resolutions include the adoption of FY26 financial statements, reappointment of Managing Director Rajeev Goenka, and appointment of M/s V. Singhi & Associates as statutory auditors for 5 years. Crucially, special business includes seeking shareholder approval to provide loans, guarantees, or security of up to ₹50 crore per financial year to promoter-entity Rajeev Trading & Holdings Pvt Ltd at a minimum 9% interest rate. This proposed ₹50 crore limit is significant, representing approximately 66% of the company's net worth of ₹76 crore.
- AGM scheduled for September 30, 2026, with remote e-voting open from September 26 to September 29, 2026
- Special resolution proposed to provide loans/guarantees up to ₹50,00,00,000 per financial year to related party Rajeev Trading & Holdings Pvt Ltd
- Loan terms specify a minimum interest rate of 9% p.a., repayable on demand
- Proposed appointment of M/s. V. Singhi & Associates as Statutory Auditors for a 5-year term from 11th to 16th AGM
- Share transfer books and register of members to remain closed from September 24 to September 30, 2026
Cool Caps Industries Limited has notified the stock exchange regarding the record date for its upcoming 11th Annual General Meeting (AGM). The company has fixed September 23, 2026, as the record date to determine the eligibility of shareholders to participate and vote in the meeting. This is a standard annual compliance requirement with no financial impact on the company.
- Record date fixed as 23-Sep-2026 for the 11th Annual General Meeting
- Shareholders registered on or before 23-Sep-2026 will be eligible to participate and vote
- Filing is standard regulatory compliance under listing regulations
Cool Caps Industries Limited submitted an intimation regarding the outcome of its Board of Directors meeting held on September 03, 2026. The filing extract provided does not disclose specific agenda resolutions, financial figures, or corporate actions. The company currently has a market capitalization of Rs 85 Cr and reported TTM revenue of Rs 724 Cr. Investors will need to monitor further detailed disclosures from the exchange for specific decisions taken.
- Board meeting held on September 03, 2026
- Specific resolutions or agenda items were not disclosed in the provided filing text
- Company trades at a market cap of Rs 85 Cr against TTM revenue of Rs 724 Cr
Cool Caps Industries Limited has submitted the Scrutinizer's report along with the voting results of its Postal Ballot to the stock exchange on August 27, 2026. The submission is a standard compliance requirement under SEBI regulations to report shareholder voting outcomes. Detailed resolution-wise voting breakdowns were not provided in the brief extract. With a market cap of Rs 82 Cr and TTM revenue of Rs 724 Cr, the company continues its routine regulatory disclosures.
- Submitted Scrutinizer's report and Postal Ballot voting results on August 27, 2026
- Filing signed digitally by Rajeev Goenka at 18:01:43 IST on August 27, 2026
- Standard regulatory disclosure under SEBI LODR Regulations
Cool Caps Industries Limited has initiated a postal ballot to seek shareholder approval for migrating its equity shares from the NSE Emerge (SME) platform to the Main Boards of both NSE and BSE. The company has been listed on the SME platform since March 24, 2022, and now meets the criteria for Main Board listing. A key requirement for this special resolution is that non-promoter votes in favor must be at least twice the number of non-promoter votes against. The voting process concludes on August 26, 2026, with results expected the following day.
- Proposed migration from NSE Emerge to the Main Board of NSE and direct listing on BSE Main Board.
- Voting period scheduled from July 28, 2026, to August 26, 2026.
- Cut-off date for shareholder eligibility set as July 24, 2026.
- Special resolution requires non-promoter 'For' votes to be at least 2x the 'Against' votes per SEBI ICDR Regulation 277.
- Company has maintained its SME listing for over 3 years since its debut in March 2022.
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew by 68% to INR 268.40 Cr in FY25 compared to INR 159.71 Cr in FY24. This growth was driven by the addition of revenue from two fully operational subsidiaries (Purv Ecoplast and Purv Technoplast) and an increase in liaisoning services which contributed INR 6.36 Cr in FY24. Standalone revenue for H1 FY25 reached INR 130.04 Cr.
Geographic Revenue Split
Not specifically disclosed in available documents; however, operations are centered in Howrah, West Bengal, with the registered office in Kolkata.
Profitability Margins
Net profit margin improved significantly from 4.69% in FY24 to 10.83% in FY25 (standalone). Consolidated PAT margin for H1 FY25 was 4.62% (INR 5.09 Cr) compared to 2.44% in FY24. The improvement is attributed to a higher proportion of manufacturing and service-based liaisoning revenue in the mix.
EBITDA Margin
Consolidated EBITDA margin improved to 11.85% in FY25 from 8.80% in FY24. Absolute EBITDA rose to INR 31.82 Cr in FY25 from INR 14.06 Cr in FY24, representing a 126% increase due to better scale and operational efficiencies in new subsidiaries.
Capital Expenditure
The company recently executed significant capex in its subsidiaries, leading to a capital work-in-progress (CWIP) of INR 16.69 Cr as of September 30, 2025, up from INR 10.71 Cr in March 2025. This investment is aimed at expanding manufacturing capacity for plastic caps and closures.
Credit Rating & Borrowing
Ratings were upgraded on September 11, 2025, to IVR BBB-/Stable (Long Term) and IVR A3 (Short Term) from IVR BB+/Positive. The upgrade reflects improved business performance and scale. Interest coverage ratio improved 45.45% to 3.36x in FY25.
Operational Drivers
Raw Materials
Plastic granules (Polypropylene/HDPE) and plastic caps/closures for trading. Raw material costs represent a significant portion of expenses, with standalone cost of materials consumed at INR 29.34 Cr for H1 FY25.
Import Sources
Not specifically disclosed; however, the parent company Purv Flexipack is a distributor of plastic granules, suggesting a localized supply chain within India.
Capacity Expansion
The company is expanding through its fully operational subsidiaries, Purv Ecoplast and Purv Technoplast. CWIP increased by INR 5.98 Cr in H1 FY25, indicating ongoing installation of manufacturing lines for plastic closures.
Raw Material Costs
Susceptibility to volatility in raw material prices is a key risk. In FY24, a drop in recycled plastic prices and lower demand in the recycling market impacted sales realization, though margins were protected by liaisoning revenue.
Manufacturing Efficiency
Return on Capital Employed (ROCE) improved by 66.09% to 24.53% in FY25, reflecting higher efficiency in utilizing the newly deployed capital in subsidiaries.
Logistics & Distribution
The company utilizes a network of distributors to manage distribution; logistics costs are inherent in the 'Other Expenses' category but not individually itemized.
Strategic Growth
Expected Growth Rate
68%
Growth Strategy
Growth is targeted through the stabilization of new subsidiaries (Purv Ecoplast and Purv Technoplast), expansion of high-margin liaisoning services (which grew to INR 6.36 Cr), and a 5-for-1 stock split in July 2025 to improve liquidity and investor participation.
Products & Services
Plastic caps and closures for packaged drinking water, carbonated soft drinks, and soda; liaisoning services for plastic products.
Brand Portfolio
COOLCAPS
New Products/Services
Expansion into liaisoning services for plastic-based products and increased manufacturing of specialized closures through subsidiaries.
Market Expansion
The company is leveraging its NSE SME listing and subsidiary operations to increase its footprint in the plastic packaging market across India.
Market Share & Ranking
Not disclosed; however, the industry is described as 'highly fragmented' with intense competition.
Strategic Alliances
Operates as a subsidiary of Purv Flexipack Limited, which provides a strategic link to plastic granule distribution.
External Factors
Industry Trends
The packaging industry is seeing healthy growth prospects driven by increased consumption of packaged water. The company is positioning itself by shifting from pure manufacturing to a mix of manufacturing and liaisoning services to improve margins.
Competitive Landscape
Intense competition from both organized and unorganized players in the plastic closures segment.
Competitive Moat
Moat is based on a established distributor network and the ability to provide specialized closures. Sustainability is challenged by low entry barriers in plastic molding, but the 22.84% Return on Equity suggests a strong current competitive position.
Macro Economic Sensitivity
Highly sensitive to crude oil prices (affecting plastic granule costs) and consumer spending on packaged beverages.
Consumer Behavior
Increasing preference for branded, packaged drinking water supports long-term demand for caps and closures.
Geopolitical Risks
Indirect exposure via global plastic resin price fluctuations driven by geopolitical tensions in oil-producing regions.
Regulatory & Governance
Industry Regulations
Compliance with Section 133 of the Companies Act, 2013 and SEBI (LODR) Regulations 2015. Manufacturing is subject to environmental pollution control board norms.
Environmental Compliance
The company operates in the plastic industry, subject to Extended Producer Responsibility (EPR) and plastic waste management rules; acquisition of Re.Act Waste Tech suggests a strategic move toward compliance.
Taxation Policy Impact
Effective tax rate for H1 FY25 was approximately 23.5% (INR 1.95 Cr tax on INR 8.30 Cr standalone PBT).
Legal Contingencies
Secretarial audit for FY25 reported general compliance; no specific high-value pending litigation or consumer cases were quantified in the provided documents.
Risk Analysis
Key Uncertainties
Volatility in raw material prices and the ability to stabilize and scale the Purv Packaging subsidiary are primary risks. High debt levels (Gearing 2.87x) pose a financial risk if cash flows are interrupted.
Geographic Concentration Risk
High concentration in West Bengal for manufacturing facilities.
Third Party Dependencies
High dependency on the beverage sector for demand and plastic granule suppliers for production.
Technology Obsolescence Risk
Risk of shift toward alternative packaging materials (e.g., biodegradable or glass), though plastic remains dominant for bottled water.
Credit & Counterparty Risk
Trade receivables turnover ratio slowed by 32.46% to 4.16 in FY25, indicating a potential stretch in the collection cycle from customers.
