Cosmo First Ltd - Stock Valuation and Financial Performance

BSE: 508814 | NSE: COSMOFIRST | Plastic Products | Small Cap

Cosmo First Share Price

557 -7.90 -1.40%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Cosmo First

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Cosmo First stock performance -

mw4me loader
P/E Ratio (SA):
25.59
Market Cap:
1,441.4 Cr.
52-wk low:
451.5
52-wk high:
771.2

Is Cosmo First Ltd an attractive stock to invest in?

1. Is Cosmo First Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Cosmo First Ltd is a average quality company.

2. Is Cosmo First Ltd undervalued or overvalued?

The key valuation ratios of Cosmo First Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Cosmo First Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Cosmo First Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Cosmo First:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Cosmo First Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.4%8.4%14.7%12%9%7.1%10.7%15.9%20.1%12.5%-
Value Creation
Index
-0.6-0.40.1-0.2-0.4-0.5-0.20.10.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2571,4791,4401,4581,7492,0502,0322,0832,8242,7422,388
Sales YoY Gr.-17.7%-2.6%1.2%20%17.3%-0.9%2.5%35.6%-2.9%-
Adj EPS 6.516.837.934.42721.641.477.6114.977.121.5
YoY Gr.-157.3%125.3%-9.2%-21.4%-20.2%92.1%87.3%48.2%-32.9%-
BVPS (₹) 128.7140.9170.8197.2217.4236.7253.5304.5396.7432.3447.1
Adj Net
Profit
194911010078.862.912121131320256
Cash Flow from Ops. 5412324549.9130166226273511492-
Debt/CF from Ops. 10.43.81.612.15.54.53.22.61.51.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.1%9.4%10.5%-2.9%
Adj EPS 31.6%23.3%23%-32.9%
BVPS14.4%14.7%19.5%9%
Share Price 30.8% 33.9% 9% -10%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.112.524.318.7139.416.826.832.618.14.9
Op. Profit
Mgn %
8.28.513.711.78.4812.417.417.112.37.1
Net Profit
Mgn %
1.53.37.76.94.53.15.910.211.17.42.4
Debt to
Equity
1.51.10.81.11.11.110.90.70.7-
Working Cap
Days
88828396103939299879982
Cash Conv.
Cycle
333230465847414540424

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.50%

Net Profit is growing at healthy rate in last 3 years 23.04%

Debt to equity has declined versus last 3 years average to 0.74

Return on Equity has declined versus last 3 years average to 4.90%

Sales growth is not so good in last 4 quarters at -16.41%

Latest Financials - Cosmo First Ltd.

Standalone Consolidated
TTM EPS (₹) 21.5 30
TTM Sales (₹ Cr.) 2,388 2,661
BVPS (₹.) 447.1 507.3
Reserves (₹ Cr.) 1,147 1,305
P/BV 1.23 1.08
PE 25.59 18.33
From the Market
52 Week Low / High (₹) 451.45 / 771.20
All Time Low / High (₹) 2.33 / 1426.67
Market Cap (₹ Cr.) 1,441
Equity (₹ Cr.) 26.3
Face Value (₹) 10
Industry PE 35.9

Management X-Ray of Cosmo First:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Cosmo First

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,2571,4791,4401,4581,7492,0502,0322,0832,8242,742
Operating Expenses 1,1531,3561,2431,2871,6021,8931,7901,7212,3442,405
Manufacturing Costs150167168167196213223233284307
Material Costs8931,0499299561,2881,5451,3881,2981,8341,864
Employee Cost 516174798792125152174169
Other Costs 58797285314354385265
Operating Profit 103122197171146158243362480337
Operating Profit Margin (%) 8.2%8.3%13.7%11.7%8.4%7.7%11.9%17.4%17.0%12.3%
Other Income 84515351220364659
Interest 40382934505249403751
Depreciation 40303136464850535869
Exceptional Items -21-9-60000000
Profit Before Tax 10491351158569163305430275
Tax 28277111499011761
Profit After Tax 8401081088558114216313214
PAT Margin (%) 0.6%2.7%7.5%7.4%4.9%2.8%5.6%10.3%11.1%7.8%
Adjusted EPS (₹)2.813.937.137.029.120.039.179.1114.881.4
Dividend Payout Ratio (%)24%17%18%18%14%20%26%21%20%6%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3754114985756346907398301,0811,135
Share Capital 19191919191919181826
Reserves 3563914795566146717208121,0631,109
Minority Interest0000000000
Debt509394327541615634593581624684
Long Term Debt307235223349405432355338480546
Short Term Debt202159104192210202238243144138
Trade Payables11799143129182190145199342509
Others Liabilities 140183197270257278339416496620
Total Liabilities 1,1411,0871,1651,5141,6881,7931,8162,0262,5432,948

Fixed Assets

Gross Block9168949731,3331,4111,4631,5421,5841,6062,101
Accumulated Depreciation341358388433476517566617670737
Net Fixed Assets5755365859009359479769679361,364
CWIP 21412912401616268140
Investments 166169197115173193261339565619
Inventories13798108154184172171272358345
Trade Receivables136158119205209206168186198157
Cash Equivalents 44131818357238473824
Others Assets8099126114139164186198181299
Total Assets 1,1411,0871,1651,5141,6881,7931,8162,0262,5432,948

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5412324550130166226273511492
PBT 10491351158569163305430275
Adjustment 71685564737861465671
Changes in Working Capital -36787-110-113333-2797206
Tax Paid 9-1-32-19-17-14-32-52-72-60
Cash Flow From Investing Activity -70-38-106-221-118-126-103-69-464-365
Capex -73-37-78-221-65-87-43-44-271-338
Net Investments 1-3-29-1-54-41-66-41-19138
Others 221112717-3-64
Cash Flow From Financing Activity 48-117-1351676-23-162-174-60-140
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 84-40-221266150-95-914564
Interest Paid -36-32-27-34-50-52-50-40-37-50
Dividend Paid -5-2-260-23-14-49-45-630
Others 5-43-617618-731-81-105-153
Net Cash Flow 32-324-41817-3931-13-12
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.1710.2823.8320.1214.048.8215.9627.4732.7519.28
ROCE (%)5.699.5818.4414.3410.738.714.6622.9327.6717.08
Asset Turnover Ratio1.241.411.381.171.111.221.171.131.271.02
PAT to CFO Conversion(x)6.753.082.270.461.532.861.981.261.632.3
Working Capital Days
Receivable Days34343338423632302423
Inventory Days30272430353130373946
Payable Days42373632242327313036

Cosmo First Ltd Stock News

Cosmo First Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cosmo First on 12-Apr-2024 10:20 is ₹557.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 10:20 the market cap of Cosmo First stood at ₹1,441.4.
The latest P/E ratio of Cosmo First as of 12-Apr-2024 10:20 is 25.59.
The latest P/B ratio of Cosmo First as of 12-Apr-2024 10:20 is 1.23.
The 52-week high of Cosmo First is ₹771.2 and the 52-week low is ₹451.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cosmo First is ₹2,388 ( Cr.) .

About Cosmo First Ltd

Cosmo Films was started in 1981 to manufacture Bi-axially Oriented Polypropylene Films (BOPP) for the first time in India. The company is promoted by its visionary leader Ashok Jaipuria and is a pioneer of BOPP manufacturing in India.

The company is engaged in the production of Wet Laminating, Printing and Pouching, Label Films, Soap Wrap Films, Over Wrap Films, Tape & Textile and Thermal Laminating Film for Graphic Finishing.

Since inception Cosmo has maintained market leadership in both the domestic and export market. Cosmo Films believe in constant growth and innovation and hence had taken strategic decision of expanding its current capacities to compete successfully in the global market. This strategy will help in increasing its global presence while contributing to overall margins and benefiting its shareholders & stakeholders. This is reflected through its association with leading FMCG Brands worldwide for providing them with cost-effective innovative packaging solutions to enhance their value.  Its current capacity is 56,000 MT per annum, and 22,000 MT of Thermal lamination film.

The company has acquired a PVDC and Acrylic coating plant from France and has started making inroads in the high barrier packaging material as well as coated Label segments. the R & D of Cosmo is committed to adapt, modify and develop the product to fulfill customer's requirements and needs in time. The R & D center is thoroughly equipped with MVTR, OTR, FTIR machines apart from various other testing equipments

During a survey conducted by 'FORBES' in 2003 Cosmo was recognized as one of the best 200 companies out of 19000 listed companies with revenue of less than 1 Billion US$ outside US.

Product range

  • Wet Laminating-15 PCT-1 (R/P), 18 PCT-2 (S/S)- It is a co-extruded, plain and one or both side treated Bi-axially Oriented Polypropylene film.
  • Printing & Pouching –18 HST-1(P/P)and 20 HST-1 (P/P) both are co-extruded, both side heat sealable and one side treated Bi-axially Oriented polypropylene fil.
  • Label Films-38 PCT-1 (LB) and 40 PCT-1 (LB)- is a co-extruded, plain and one side corona treated Bi-axially oriented polypropylene film.
  • Soap Wrap Films-18 HST-1 (GR-II)   It is a Co-extruded, both side heat sealable,one side surface modified and other side treated Bi-axially Oriented polypropylene film.
  • Over Wrap Films-18 HST-0 (HS) and 20 HST-0 (HS) which is a co-extruded, both side heat sealable and untreated Bi-axially oriented Polypropylene film.
  • Tape & Textile-23 PCT-1 and 29 PCT-1- It is a co-extruded, plain, one side treated Bi-axially Oriented polypropylens film.
  • Thermal Laminating Film for Graphic Finishing -24 PCT-2 (DL) and 27 PCT-2 (MDL)  It is a Bi-axially Oriented Polypropylene film, uniformly extrusion coated with adhesive all along the film surface,which enables lamination by heat and pressure with paper products.
  • Selected Value added Films-36 C1008 and 51 C1008- both are one side acryilc and other side PVDC coated white opaque cavitated Bi-axially oriented polypropylene film.

Awards/Achievements

  • SA-8000:2001 (Registration Certificate) PFFCASTAR 2008 Awarded to Cosmo Films Ltd.
  • Recognition of Excellence for Print Receptive Coated Clear and White Opaque Label films in the Category of Product Development (Basic Substrate) Presented at Mumbai on 20th November 2008.
  • 2007-08- Dun and Bradstreet Top Exporter Award (2007-08) for the highest Export in Chemicals and Plastics Category by Dun & Bradstreet.
  • ISO 9001: 2000 - ( Registration Certificate) The Quality Management System of Cosmo Films Ltd has been assessed & found to comply with the requirements of ISO 9001 : 2000 The Quality management System is applicable to design ,development, manufacturing of BOPP films by biaxial orientation process & its marketing for various applications.
  • ISO 14001 - (Registration Certificate) The Management Systems of Cosmo Films Ltd. have been assessed by International Certification Ltd and found to comply with the requirements of ISO 14001. Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India, duly recognize our center as a premier research laboratory. This is the only center of this nature in the entire Indian BOPP film industry.
  • ISO 9001 certified- Joins the elite group of few BOPP film manufacturers in the world.
  • 1998-99: Best BOPP film exporter by Plexconcil. Certificate of export recognition by Government of Maharashtra
  • 1998-Highly Recommended' recognition by Montell for innovative product development
  • 1995- Award for best in house R&D efforts from Government of India.
  • 1994- Excellence in packaging from Indian Institute of Packaging.
  • Got accredited with American Institute of Baking (AIB) Certification for Safety and Hygiene of Food related products.
  • Got best BOPP Exporter award for 1998-99, 1999-2000, and 2000-2001.
  • Cosmo Films Listed in top 19 Indian companies by ‘Forbes Magazine’.
  • Awarded in Recognition of Excellence for Extrusion Coatable BOPP Film by Paper, Film & Foil converters’ Association.
  • 2009 - Acquisition of GBC’s Commercial Print Finishing Business from ACCO Brands Corporation, USA.; Commissioned 8th production line at Karjan.
  • 2011 - Set up a new manufacturing plant in South Korea in November 2011.
  • 2013 - Start up of Shendra Plant in SEZ with BOPP & thermal manufacturing facilities.
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