GSM Foils Limited
About GSM Foils Limited
Data last updated:
GSM Foils Limited is a public limited company based in Vasai, Maharashtra, India. It operates in the speciality chemicals segment of the chemicals sector. It was incorporated on 27 June 2023.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L43303MH2023PLC405459. It is a listed company as per MCA records. Its shares are listed on NSE: GSMFOILS.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹14.09 Cr. It is led by directors including Mohansingh Laxmansingh Parmar (Managing Director) and Sagar Girish Bhanushali (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Vasai, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹258.15 Cr, a growth of 92.9% compared to the previous year. For the same year it recorded a net profit of ₹19.84 Cr (net margin 7.7%) and EBITDA of ₹29.78 Cr (EBITDA margin 11.5%).
As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹5 Cr on record. The company has 2 deals on record (1 ipo, 1 funding round), with disclosed funding of ₹9.64 Cr; the latest was in May 2024.
Company details
CIN history
GSM Foils has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L43303MH2023PLC405459, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L43303MH2023PLC405459 | Current |
| U24202MH2023PTC405459 | Previous |
| U43303MH2023PTC405459 | Previous |
Contact details
GSM Foils Limited's registered office is in Vasai, Maharashtra.
- Registered AddressGala No 06/106/206/306 Sapphire Building, Diamond Industrial Estate, Vasai, Maharashtra, India – 401208
- IndustryChemicals, Other Chemical Product, Manufacturing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of GSM Foils Limited
FY 2025-26 filings availableGSM Foils Limited reported revenue of ₹258.15 Cr (up 92.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | Dec 2023 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 258 | 134 | 40.83 | 27.18 |
| Revenue growth | +92.9% | +227.7% | - | - |
| EBITDA | 29.78 | 15.20 | 2.71 | 2.03 |
| EBITDA margin | +11.5% | +11.4% | +6.6% | +7.5% |
| Profit before tax | 26.69 | 13.62 | 1.84 | 1.67 |
| Net profit | 19.84 | 9.64 | 1.35 | 1.25 |
| Net profit margin | +7.7% | +7.2% | +3.3% | +4.6% |
| EPS (₹) | 14.08 | 7.53 | 1.95 | 1,134.45 |
| Balance sheet | ||||
| Total assets | - | 49.06 | 16.45 | - |
| Net worth | - | 31.24 | 11.03 | - |
| Total debt | - | 17.82 | 5.42 | - |
| Cash & bank | - | 0.24 | 0.40 | - |
| Net working capital | - | 43.74 | 15.61 | - |
| Cash flow | ||||
| Cash from operations | - | 0.00 | (13.72) | - |
| Cash from investing | - | 0.00 | (0.97) | - |
| Cash from financing | - | 0.00 | 15.08 | - |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96.89 | 81.69 | 66.33 | 58.14 | 52.00 | 45.61 | 36.02 | 31.18 |
| Revenue growth (YoY) | +86.3% | +79.1% | +84.2% | +86.5% | +147.6% | - | - | - |
| Other income | 0.15 | 0.13 | 0.11 | 0.08 | 0.06 | 0.02 | 0.00 | 0.00 |
| Total expenses | 85.37 | 72.26 | 58.44 | 51.49 | 46.18 | 39.80 | 31.97 | 27.97 |
| EBITDA | 11.52 | 9.43 | 7.89 | 6.65 | 5.82 | 5.81 | 4.05 | 3.21 |
| EBITDA margin | +11.9% | +11.5% | +11.9% | +11.4% | +11.2% | +12.7% | +11.2% | +10.3% |
| Depreciation | 0.23 | 0.16 | 0.11 | 0.10 | 0.10 | 0.08 | 0.08 | 0.06 |
| Interest | 1.23 | 0.95 | 0.76 | 0.91 | 0.38 | 0.75 | 0.20 | 0.20 |
| Profit before tax | 10.21 | 8.45 | 7.13 | 5.72 | 5.40 | 5.00 | 3.77 | 2.95 |
| Tax | 2.58 | 2.16 | 1.79 | 1.31 | 1.57 | 1.57 | 1.05 | 0.82 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96.89 | 81.69 | 66.33 | 58.14 | 52.00 | 45.61 | 36.02 | 31.18 |
| Revenue growth (YoY) | +86.3% | +79.1% | +84.2% | +86.5% | +147.6% | - | - | - |
| Other income | 0.15 | 0.13 | 0.11 | 0.08 | 0.06 | 0.02 | 0.00 | 0.00 |
| Total expenses | 85.37 | 72.26 | 58.44 | 51.49 | 46.18 | 39.80 | 31.97 | 27.97 |
| EBITDA | 11.52 | 9.43 | 7.89 | 6.65 | 5.82 | 5.81 | 4.05 | 3.21 |
| EBITDA margin | +11.9% | +11.5% | +11.9% | +11.4% | +11.2% | +12.7% | +11.2% | +10.3% |
| Depreciation | 0.23 | 0.16 | 0.11 | 0.10 | 0.10 | 0.08 | 0.08 | 0.06 |
| Interest | 1.23 | 0.95 | 0.76 | 0.91 | 0.38 | 0.75 | 0.20 | 0.20 |
| Profit before tax | 10.21 | 8.45 | 7.13 | 5.72 | 5.40 | 5.00 | 3.77 | 2.95 |
| Tax | 2.58 | 2.16 | 1.79 | 1.31 | 1.57 | 1.57 | 1.05 | 0.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | Dec 2023 |
|---|---|---|---|---|
| Revenue | 258 | 134 | 40.83 | 27.18 |
| Revenue growth | +92.9% | +227.7% | - | - |
| Other income | 0.37 | 0.02 | 0.00 | 0.00 |
| Total expenses | 228 | 119 | 38.12 | 25.15 |
| Employee cost | 0.00 | 1.67 | 0.98 | 0.58 |
| EBITDA | 29.78 | 15.20 | 2.71 | 2.03 |
| EBITDA margin | +11.5% | +11.4% | +6.6% | +7.5% |
| Depreciation | 0.46 | 0.28 | 0.13 | 0.09 |
| Interest | 3.00 | 1.32 | 0.74 | 0.27 |
| Profit before tax | 26.69 | 13.62 | 1.84 | 1.67 |
| Tax | 6.85 | 3.98 | 0.49 | 0.42 |
| Net profit | 19.84 | 9.64 | 1.35 | 1.25 |
| Net profit margin | +7.7% | +7.2% | +3.3% | +4.6% |
| EPS (₹) | 14.08 | 7.53 | 1.95 | 1,134.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | Dec 2023 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | - | 12.81 | 9.37 | - |
| Reserves & surplus | - | 18.43 | 1.66 | - |
| Shareholders' funds (net worth) | - | 31.24 | 11.03 | - |
| Secured loans | - | 17.82 | 4.40 | - |
| Unsecured loans | - | 0.00 | 1.02 | - |
| Total debt | - | 17.82 | 5.42 | - |
| Total liabilities | - | 49.06 | 16.45 | - |
| Assets | ||||
| Gross block | - | 2.90 | 1.33 | - |
| Net block | - | 2.12 | 0.84 | - |
| Capital work in progress | - | 0.00 | 0.00 | - |
| Investments | - | 2.99 | 0.00 | - |
| Inventories | - | 18.86 | 10.23 | - |
| Sundry debtors | - | 33.77 | 7.23 | - |
| Cash & bank balances | - | 0.24 | 0.40 | - |
| Loans & advances | - | 3.19 | 1.27 | - |
| Total current assets | - | 56.06 | 19.13 | - |
| Total current liabilities | - | 12.32 | 3.52 | - |
| Net working capital | - | 43.74 | 15.61 | - |
| Total assets | - | 49.06 | 16.45 | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | Dec 2023 |
|---|---|---|---|---|
| Opening cash | - | 0.00 | 0.00 | - |
| Net cash from operating activities | - | 0.00 | (13.72) | - |
| Net cash from investing activities | - | 0.00 | (0.97) | - |
| Net cash from financing activities | - | 0.00 | 15.08 | - |
| Net change in cash | - | 0.00 | 0.40 | - |
| Closing cash | - | 0.24 | 0.40 | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | Dec 2023 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +92.9% | +227.7% | - | - |
| EBITDA growth | +95.9% | +460.9% | - | - |
| PBT growth | +96.0% | +455.2% | -26.6% | +9997.0% |
| Net income growth | +105.8% | +614.1% | - | - |
| Revenue CAGR (3Y) | +126.7% | - | - | - |
| EBITDA CAGR (3Y) | +165.6% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +7.7% | +7.2% | +3.3% | +4.6% |
| Return on capital employed | - | +45.6% | +21.0% | +25.2% |
| Return on net worth | - | +45.7% | +16.6% | +196.9% |
| Debt / equity | - | 0.55 | 0.49 | 11.13 |
| Long-term debt / equity | - | 0.02 | 0.08 | 0.30 |
| Interest cover | 10.23 | 8.85 | 28.68 | 13.92 |
| Efficiency & per share | ||||
| Fixed asset turnover | - | 63.26 | 40.93 | 41.50 |
| Inventory turnover | - | 9.20 | 5.32 | 4.93 |
| Debtors turnover | - | 6.53 | 7.53 | 7.75 |
| EPS (₹) | 14.08 | 7.53 | 1.95 | 1,134.45 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 24.39 | 11.77 | 577.23 |
To see the full year-wise statements and ratios of GSM Foils Limited, buy the company report.
Board of directors of GSM Foils Limited
GSM Foils has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Virchand Mehta | Director | 14 Dec 2023 | 2 Years 10 Months | Current |
| Vijay Venilal Pandya | Director | 14 Dec 2023 | 2 Years 10 Months | Current |
| Swati Dhaval Mirani Also directs: Carver Roboweld Limited | Director | 19 Feb 2024 | 2 Years 8 Months | Current |
| Sagar Girish Bhanushali | Whole-Time Director | 27 Jun 2023 | 3 Years 4 Months | Current |
| Mohansingh Laxmansingh Parmar | Managing Director | 27 Jun 2023 | 3 Years 4 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jul 2026 | 101391410 | Others | ₹5 Cr | Open | |
| 18 Jun 2026 | 101313462 | Sidbi | ₹5 Cr | Open | |
| 20 Feb 2026 | 101264050 | Others | ₹15 Cr | Open | |
| 23 Jan 2025 | 101039573 | Others | ₹25 Cr | Open | |
| 15 Dec 2023 | 100852788 | Bank of India | ₹5 Cr | Satisfied |
To see the full charge records of GSM Foils Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
GSM Foils Limited has 2 deals on record (1 ipo, 1 funding round), with disclosed funding of ₹9.64 Cr; the latest was in May 2024.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | IPO | ₹11.01 Cr | Investors: IPO Shareholders - GSM Foils Limited |
| Feb 2024 | Funding round | ₹9.64 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving GSM Foils Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for GSM Foils Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for GSM Foils Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
GSM Foils Limited has 7 board changes on record since 2023: 5 appointments and 2 cessations. The latest: Swati Dhaval Mirani was appointed as Director on 19 Feb 2024.
6 earlier events are in the company report.
News
Frequently asked questions
GSM Foils is an active public limited company based in Vasai, Maharashtra, India. The company works in other chemical product, within the chemicals industry. It was incorporated on 27 June 2023 (3+ years old) and is registered under CIN L43303MH2023PLC405459. Listed on NSE: GSMFOILS.
GSM Foils reported revenue of ₹258.15 Cr for FY 2025-26 (up 92.9% YoY) based on standalone financials.
GSM Foils has 5 current directors:
- Mohansingh Laxmansingh Parmar - Managing Director
- Sagar Girish Bhanushali - Whole-Time Director
- Mahesh Virchand Mehta - Director
- Vijay Venilal Pandya - Director
- Swati Dhaval Mirani - Director
The latest financial statements of GSM Foils on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from FY 2024 are in the company report.
The CIN (Corporate Identification Number) of GSM Foils is L43303MH2023PLC405459. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. GSM Foils is a listed company as per MCA records. Its shares are listed on NSE (symbol: GSMFOILS).
GSM Foils was incorporated on 27 June 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
GSM Foils has 2 deals on record (1 ipo, 1 funding round), with disclosed funding of ₹9.64 Cr; the latest was in May 2024.
Swati Dhaval Mirani was appointed as Director on 19 Feb 2024. Mahesh Virchand Mehta was appointed as Director on 14 Dec 2023. Vijay Venilal Pandya was appointed as Director on 14 Dec 2023. GSM Foils has 7 board changes on record in total.
The registered office of GSM Foils is at Gala No 06106206306 Sapphire Building, Diamond Industrial Estate, Vasai, Maharashtra, India – 401208.
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