BSE: 523100 | NSE: | Electronics - Components | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Cosmo Ferrites Ltd is a below average quality company.
The key valuation ratios of Cosmo Ferrites Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cosmo Ferrites Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9% | 0.8% | 5.4% | 4% | -2.4% | -9% | -9.9% | 6.7% | 32.9% | 9.5% | - |
| Value Creation Index ⓘ | -0.4 | -0.9 | -0.6 | -0.7 | -1.2 | -1.7 | -1.7 | -0.5 | 1.4 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 56.8 | 54.1 | 59.5 | 66.1 | 78.2 | 78.4 | 55 | 63.7 | 114 | 107 | 91 |
| Sales YoY Gr. | - | -4.7% | 9.9% | 11.2% | 18.3% | 0.3% | -29.9% | 15.7% | 78.9% | -5.7% | - |
| Adj EPS ⓘ | 0.4 | -1.2 | -0.1 | -0.8 | -2.4 | -4.1 | -8.4 | 1.3 | 14.9 | 1.5 | -4.6 |
| YoY Gr. | - | -390.2% | NA | NA | NA | NA | NA | NA | 1043.9% | -89.8% | - |
| BVPS (₹) ⓘ | 19.2 | 17.6 | 17.6 | 28.6 | 26.6 | 19.8 | 11.5 | 13 | 24.8 | 26.8 | 22.1 |
| Adj Net Profit ⓘ | 0.5 | -1.4 | -0.1 | -1 | -2.8 | -4.9 | -10.1 | 1.6 | 17.9 | 1.8 | -6 |
| Cash Flow from Ops. ⓘ | 2.1 | 3.6 | -0.1 | 3 | -6 | 7.7 | -1.1 | -4.3 | 15.3 | -1.6 | - |
| Debt/CF from Ops. ⓘ | 8.4 | 6.8 | -454.6 | 11.6 | -7.4 | 5.2 | -37.3 | -11 | 3.1 | -46.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.3% | 6.5% | 25% | -5.7% | ||||
| Adj EPS ⓘ | 15.7% | NA | NA | -89.8% | ||||
| BVPSⓘ | 3.8% | 0.2% | 32.8% | 8% | ||||
| Share Price | 38.5% | 127.9% | 5.1% | 41.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.2 | -6.1 | -0.3 | -3.5 | -8.5 | -17.5 | -53.5 | 10.7 | 78.7 | 5.9 | -18.9 |
| Op. Profit Mgn % ⓘ | 11.6 | 6 | 9.1 | 8.6 | 1.7 | 2.3 | -5.5 | 10.4 | 27.3 | 10 | 3.5 |
| Net Profit Mgn % ⓘ | 0.9 | -2.7 | -0.1 | -1.5 | -3.6 | -6.2 | -18.3 | 2.5 | 15.7 | 1.7 | -6.2 |
| Debt to Equity ⓘ | 0.7 | 1.1 | 1.2 | 1 | 1.4 | 1.7 | 3 | 3 | 1.6 | 2.3 | 0.8 |
| Working Cap Days ⓘ | 123 | 131 | 126 | 127 | 143 | 153 | 163 | 125 | 109 | 147 | 93 |
| Cash Conv. Cycle ⓘ | 49 | 56 | 61 | 63 | 60 | 47 | 35 | 34 | 43 | 78 | -39 |
Sales growth is growing at healthy rate in last 3 years 24.95%
Return on Equity is Poor
Debt to equity has increased versus last 3 years average to 2.27
Sales growth is not so good in last 4 quarters at -7.32%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -4.6 | - |
| TTM Sales (₹ Cr.) | 90.6 | - |
| BVPS (₹.) ⓘ | 22.1 | - |
| Reserves (₹ Cr.) ⓘ | 15 | - |
| P/BV ⓘ | 13.64 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 140.60 / 356.80 |
| All Time Low / High (₹) | 0.98 / 673.00 |
| Market Cap (₹ Cr.) | 363 |
| Equity (₹ Cr.) | 12 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 215.9 |
| Pledged * | 13.06 | 13.06 | 13.06 | 13.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 54 | 59 | 66 | 78 | 78 | 55 | 64 | 114 | 107 | 98 |
| Operating Expenses ⓘ | 51 | 54 | 60 | 77 | 77 | 58 | 57 | 86 | 97 | 91 |
| Manufacturing Costs | 18 | 17 | 19 | 22 | 21 | 17 | 19 | 24 | 24 | 23 |
| Material Costs | 14 | 16 | 19 | 28 | 30 | 22 | 19 | 35 | 41 | 34 |
| Employee Cost | 12 | 14 | 15 | 20 | 20 | 14 | 14 | 20 | 23 | 25 |
| Other Costs ⓘ | 7 | 6 | 7 | 6 | 6 | 6 | 5 | 8 | 10 | 9 |
| Operating Profit ⓘ | 3 | 5 | 6 | 1 | 2 | -3 | 7 | 28 | 10 | 7 |
| Operating Profit Margin (%) | 5.2% | 9.1% | 8.6% | 1.7% | 2.2% | -5.6% | 10.3% | 24.4% | 9.3% | 7.3% |
| Other Income ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 |
| Interest ⓘ | 3 | 3 | 4 | 5 | 5 | 4 | 3 | 4 | 5 | 8 |
| Depreciation ⓘ | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -5 | 0 | 0 | -3 | 0 | 0 |
| Profit Before Tax ⓘ | -2 | 0 | -1 | -7 | -11 | -10 | 0 | 19 | 3 | -3 |
| Tax ⓘ | -1 | 0 | 0 | -4 | -3 | 0 | -1 | 5 | 1 | -1 |
| Profit After Tax | -2 | 0 | -1 | -2 | -8 | -10 | 2 | 14 | 2 | -2 |
| PAT Margin (%) | -3.1% | 0.0% | -1.5% | -3.1% | -10.6% | -18.2% | 2.8% | 12.5% | 2.3% | -2.0% |
| Adjusted EPS (₹) | -1.4 | 0.0 | -0.8 | -2.0 | -6.9 | -8.3 | 1.5 | 11.8 | 2.0 | -1.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 23 | 23 | 34 | 32 | 24 | 14 | 16 | 30 | 32 | 30 |
| Share Capital ⓘ | 14 | 14 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves ⓘ | 9 | 9 | 22 | 20 | 12 | 2 | 4 | 18 | 20 | 18 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 23 | 26 | 31 | 41 | 36 | 40 | 44 | 45 | 66 | 61 |
| Long Term Debt | 4 | 3 | 7 | 9 | 8 | 6 | 8 | 16 | 27 | 20 |
| Short Term Debt | 19 | 23 | 24 | 32 | 29 | 34 | 36 | 29 | 39 | 41 |
| Trade Payables | 7 | 7 | 9 | 16 | 18 | 14 | 9 | 12 | 7 | 7 |
| Others Liabilities ⓘ | 10 | 12 | 16 | 13 | 12 | 11 | 11 | 22 | 21 | 20 |
| Total Liabilities ⓘ | 63 | 68 | 91 | 102 | 90 | 79 | 79 | 109 | 125 | 119 |
Fixed Assets | ||||||||||
| Gross Block | 89 | 99 | 67 | 72 | 72 | 71 | 70 | 60 | 87 | 88 |
| Accumulated Depreciation | 55 | 58 | 4 | 8 | 12 | 14 | 16 | 11 | 14 | 18 |
| Net Fixed Assetsⓘ | 35 | 41 | 63 | 64 | 60 | 57 | 54 | 48 | 73 | 69 |
| CWIP ⓘ | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 8 | 10 | 11 | 12 | 12 | 10 | 11 | 19 | 15 | 14 |
| Trade Receivables | 7 | 12 | 10 | 19 | 12 | 7 | 9 | 17 | 17 | 18 |
| Cash Equivalents | 3 | 3 | 3 | 1 | 1 | 2 | 1 | 4 | 10 | 7 |
| Others Assetsⓘ | 4 | 3 | 4 | 6 | 4 | 3 | 3 | 9 | 10 | 11 |
| Total Assets ⓘ | 63 | 68 | 91 | 102 | 90 | 79 | 79 | 109 | 125 | 119 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4 | 0 | 3 | -6 | 8 | -1 | -4 | 15 | -2 | 3 |
| PBT ⓘ | -2 | 0 | -1 | -7 | -11 | -10 | 0 | 19 | 3 | -3 |
| Adjustment ⓘ | 6 | 6 | 7 | 9 | 12 | 7 | 7 | 11 | 10 | 12 |
| Changes in Working Capital ⓘ | 2 | -4 | 0 | -3 | 12 | 5 | -9 | -11 | -8 | 1 |
| Tax Paid ⓘ | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 |
| Cash Flow From Investing Activity ⓘ | -10 | -4 | -7 | -4 | -3 | -1 | -1 | -15 | -22 | 0 |
| Capex | -10 | -4 | -8 | -5 | -3 | -1 | -1 | -13 | -18 | -1 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 1 | 1 | 0 | 0 | 0 | -2 | -4 | 2 |
| Cash Flow From Financing Activityⓘ | 8 | 4 | 4 | 10 | -5 | 2 | 6 | 1 | 26 | -5 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 3 | 2 | -1 | -3 | 3 | 8 | 16 | -8 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 8 | 4 | 1 | 8 | -4 | 5 | 2 | -7 | 10 | 3 |
| Net Cash Flow ⓘ | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 2 | -2 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -7.6 | 0.02 | -3.58 | -7.24 | -29.91 | -53.39 | 12.3 | 62.61 | 7.78 | -6.33 |
| ROCE (%) | 0.83 | 5.38 | 3.96 | -2.36 | -9.04 | -9.86 | 6.68 | 32.86 | 9.45 | 4.81 |
| Asset Turnover Ratio | 0.94 | 0.97 | 0.89 | 0.82 | 0.82 | 0.65 | 0.81 | 1.21 | 0.92 | 0.8 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | -2 | 1.07 | -1 | N/A | Working Capital Days |
| Receivable Days | 47 | 55 | 57 | 67 | 72 | 64 | 46 | 41 | 57 | 65 |
| Inventory Days | 52 | 51 | 54 | 54 | 58 | 74 | 60 | 47 | 58 | 55 |
| Payable Days | 152 | 149 | 151 | 165 | 207 | 274 | 214 | 109 | 83 | 75 |
Cosmo Ferrites was founded in 1988 with over five decades of standing in the Indian Industry. It is the leading manufacturer of soft ferrites in India. Cosmo Ferrites is one of the leading manufacturers of Manganese Zinc Soft-ferrite from India. It exports 70% of its production to USA, Europe, UK and Far East. The company has its unit operating in the foothills of the Himalayas at a distance of 300 kms. from Delhi. State of the art equipment from leading manufacturers in Western Europe, rigorous quality standards and well equipped in-house R&D set up ensures delivery of high quality ferrites to our customers and continuous product upgradation. The company places overriding value on developing close and long lasting relationships with its customers.
Cosmo Ferrites has a leading position in the Indian market. It pioneered the exports of Soft Ferrites from India in 1988 and has been the leading exporter of soft ferrites since then. More than 70% of production is exported to USA, Western Europe and Far East.
Cosmo Ferrites in its constant endeavour to keep abreast with the Latest technologies, Product upgradation and wider product spectrum has been continuously adding facilities in the manufacturing set up which can bring about improvements in the performance of the Materials & cater to a larger customer/Application Segment base
Products manufactured by the company:
Cosmo Ferrites offers its customers a wide range of soft ferrite for application in inverter Transformer, Current Transformer, Fly back Transformer, Driver Transformer, Pulse Transformer, Line Filter, Choke, Noise Suppressor etc. Cosmo Ferrites now offers low cost solutions , through a comprehensive range of large ferrites cores, including UU cores, EE cores and toroids in a range of advanced materials with superior magnetic properties.
Achievements/ recognition:
An ISO 9001:2000 certified company
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