Cosmo Films Ltd Stock Analysis

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

BSE Share Price May 20, 15:19
1704.00 34.30 (2.05%)

DeciZen - Make an Informed Decision on Cosmo Films

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

FAQs

1. Is Cosmo Films Ltd a good quality company?

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

2. Is Cosmo Films Ltd undervalued or overvalued?

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

3. Is Cosmo Films Ltd a good buy now?

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

10 Year X-Ray of Cosmo Films:

Analysis of Financial Track Record

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 Films 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 8.5%4.3%5.4%8.4%14.7%12%8.9%7%10.7%15.9%-
Value Creation Index -0.4-0.7-0.6-0.40.1-0.2-0.4-0.5-0.20.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9231,0421,2571,4791,4401,4581,7492,0502,0322,0832,824
YoY Gr. Rt. %-12.9%20.6%17.7%-2.6%1.2%20%17.3%-0.9%2.5%-
Adj EPS 21.18.79.825.256.851.639.531.462.1116.4172.2
YoY Gr. Rt. %--58.6%12%157.4%125.3%-9.2%-23.3%-20.5%97.6%87.3%-
BVPS (₹) 184.3189.8193.1211.3256.2295.8326.1355380.2456.8598.6
Adj Net Profit 41.117194911010076.961.1121211313
Cash Flow from Ops. 90.484.45412324549.9130166226273-
Debt/CF from Ops. 3.75.410.43.81.612.15.54.53.22.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.5%7.7%6%2.5%
Adj EPS 20.9%15.4%43.3%87.3%
BVPS 10.612.311.920.1
Share Price 35.2% 32.3% 101.1% 114.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 11.94.75.112.524.318.712.79.216.826.832.6
Op. Profit Mgn % 10.87.48.28.513.711.78.4812.417.416.9
Net Profit Mgn % 4.51.61.53.37.76.94.435.910.211.1
Debt to Equity 0.91.21.51.10.81.11.11.110.90.4
Working Cap Days 12299888283961039695103132
Cash Conv. Cycle 6438333230465849444840

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 32.60%

Net Profit is growing at healthy rate in last 3 years 43.31%

Debt to equity has declined versus last 3 years average to 0.86

Sales growth is good in last 4 quarters at 36.47%

Sales growth has been subdued in last 3 years 6.00%

Latest Financials - Cosmo Films Ltd.

Standalone Consolidated
TTM EPS (₹) 172.2 218.2
TTM Sales (₹ Cr.) 2,824 3,038
BVPS (₹.) 598.6 655.2
Reserves (₹ Cr.) 1,070 1,173
P/BV 2.79 2.55
PE 9.70 7.65
From the Market
52 Week Low / High (₹) 754.10 / 2140.00
All Time Low / High (₹) 3.50 / 2140.00
Market Cap (₹ Cr.) 3,034
Equity (₹ Cr.) 18.2
Face Value (₹) 10
Industry PE 20.4

Management X-Ray of Cosmo Films :

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

Analyst's Notes

News

About Cosmo Films 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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