Cospower Engineering Ltd
Incorporated in 2004, Cospower Engineering Ltd is in the business of manufacturing & supply of re-active power compensation systems, harmonic filters & other engineering goods[1]
- Market Cap ₹ 39.0 Cr.
- Current Price ₹ 260
- High / Low ₹ 389 / 207
- Stock P/E
- Book Value ₹ 39.4
- Dividend Yield 0.00 %
- ROCE 4.77 %
- ROE 3.00 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 94.7 to 71.9 days.
Cons
- Stock is trading at 6.60 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.4% over past five years.
- Company has a low return on equity of 8.56% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.91 | 10.02 | 9.60 | 7.79 | 4.59 | 9.00 | 8.56 | 12.99 | 11.02 | 12.10 | 12.10 | 14.07 | 17.39 | |
| 1.83 | 9.57 | 9.11 | 7.08 | 4.12 | 8.54 | 7.88 | 11.93 | 9.63 | 10.48 | 10.25 | 13.04 | 16.19 | |
| Operating Profit | 0.08 | 0.45 | 0.49 | 0.71 | 0.47 | 0.46 | 0.68 | 1.06 | 1.39 | 1.62 | 1.85 | 1.03 | 1.20 |
| OPM % | 4.19% | 4.49% | 5.10% | 9.11% | 10.24% | 5.11% | 7.94% | 8.16% | 12.61% | 13.39% | 15.29% | 7.32% | 6.90% |
| 0.00 | 0.00 | 0.00 | 0.01 | 0.20 | 0.45 | 0.03 | 0.02 | 0.06 | 0.02 | 0.14 | 0.25 | 0.24 | |
| Interest | 0.01 | 0.15 | 0.32 | 0.51 | 0.48 | 0.39 | 0.36 | 0.32 | 0.31 | 0.50 | 0.65 | 0.63 | 1.16 |
| Depreciation | 0.02 | 0.05 | 0.06 | 0.15 | 0.08 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.19 | 0.28 | 0.91 |
| Profit before tax | 0.05 | 0.25 | 0.11 | 0.06 | 0.11 | 0.47 | 0.31 | 0.72 | 1.10 | 1.09 | 1.15 | 0.37 | -0.63 |
| Tax % | 40.00% | 28.00% | 36.36% | 33.33% | 45.45% | 42.55% | 35.48% | 26.39% | 27.27% | 33.03% | 34.78% | 43.24% | |
| 0.04 | 0.17 | 0.08 | 0.05 | 0.07 | 0.28 | 0.19 | 0.53 | 0.81 | 0.73 | 0.75 | 0.21 | -0.39 | |
| EPS in Rs | 40.00 | 170.00 | 80.00 | 3.33 | 4.67 | 18.67 | 12.67 | 35.33 | 5.40 | 4.87 | 5.00 | 1.40 | -2.60 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 22.22% | 20.55% | 20.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 10% |
| 3 Years: | 8% |
| TTM: | 80% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 2% |
| 3 Years: | -36% |
| TTM: | -72% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 77% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 9% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 |
| Reserves | 0.04 | 0.21 | 0.29 | 0.38 | 0.45 | 0.72 | 0.92 | 1.55 | 4.25 | 4.80 | 5.40 | 5.61 | 4.41 |
| 0.71 | 2.14 | 2.53 | 3.90 | 4.13 | 4.28 | 4.43 | 2.51 | 2.51 | 5.85 | 10.34 | 17.55 | 18.70 | |
| 2.71 | 3.72 | 5.53 | 2.97 | 1.07 | 3.65 | 4.08 | 4.96 | 4.20 | 5.14 | 5.43 | 6.72 | 7.98 | |
| Total Liabilities | 3.47 | 6.08 | 8.36 | 7.40 | 5.80 | 8.80 | 9.58 | 9.17 | 12.46 | 17.29 | 22.67 | 31.38 | 32.59 |
| 0.40 | 0.38 | 1.06 | 0.97 | 0.27 | 0.23 | 0.22 | 0.21 | 0.20 | 1.84 | 2.67 | 3.24 | 12.52 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.89 | 3.60 | 9.10 | 0.21 |
| Investments | 0.01 | 0.01 | 0.03 | 0.07 | 0.01 | 0.01 | 0.01 | 0.26 | 0.20 | 0.52 | 0.00 | 0.00 | 0.00 |
| 3.06 | 5.69 | 7.27 | 6.36 | 5.52 | 8.56 | 9.35 | 8.70 | 12.06 | 14.04 | 16.40 | 19.04 | 19.86 | |
| Total Assets | 3.47 | 6.08 | 8.36 | 7.40 | 5.80 | 8.80 | 9.58 | 9.17 | 12.46 | 17.29 | 22.67 | 31.38 | 32.59 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 1.08 | -0.01 | 2.43 | -1.21 | 1.40 | -0.01 | 0.21 | |||
| 0.00 | 0.00 | 0.00 | -0.08 | 0.02 | -0.14 | -0.34 | -2.74 | -3.69 | -6.32 | |||
| 0.00 | 0.00 | 0.00 | -0.53 | -0.33 | -2.19 | 1.73 | 1.29 | 3.25 | 5.74 | |||
| Net Cash Flow | 0.00 | 0.00 | 0.00 | 0.47 | -0.31 | 0.10 | 0.18 | -0.05 | -0.46 | -0.36 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 240.79 | 96.17 | 154.36 | 90.43 | 27.04 | 129.78 | 188.04 | 148.08 | 182.17 | 118.55 | 93.81 | 71.86 |
| Inventory Days | 88.44 | 93.96 | 195.17 | 479.06 | 127.44 | 143.14 | 71.80 | 233.78 | 294.40 | 463.20 | 405.42 | |
| Days Payable | 145.46 | 250.88 | 167.78 | 104.08 | 127.44 | 177.73 | 171.27 | 170.37 | 127.17 | 177.67 | 185.00 | |
| Cash Conversion Cycle | 240.79 | 39.15 | -2.56 | 117.82 | 402.02 | 129.78 | 153.45 | 48.61 | 245.58 | 285.78 | 379.34 | 292.28 |
| Working Capital Days | 34.40 | 51.00 | 42.96 | 116.20 | 291.84 | 182.91 | 276.73 | 79.80 | 219.93 | 180.09 | 240.42 | 248.52 |
| ROCE % | 25.64% | 16.57% | 12.88% | 17.41% | 12.58% | 21.42% | 22.61% | 15.48% | 12.25% | 4.77% |
Documents
Announcements
- Non-Applicability Of Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 1d
-
Board Meeting Intimation for INTIMATION FOR POSTPONEMENT OF BOARD MEETING
1d - The meeting of the Board of the Company is scheduled on 03/06/2024 ,inter alia, to consider and approve INTIMATION FOR POSTPONEMENT OF BOARD MEETING
- Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Thursday, May 30, 2024. 23 May
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
22 Apr - Declaration with respect to Non-applicability of Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) (Amendments) Regulations,2018
- Certificate Under Regulation 40(9) And 40(10) Of LODR For The Year Ended On March 31, 2024. 22 Apr
Business Overview:[1]
Company is currently engaged in the business of manufacturing of electrical panels, harmonic filters and substation and equipment mounting structure. Company also provides turnkey services which involves supply, installation, commissioning, testing and comprehensive maintenance of electric products. There are few products which company does not manufacture but has to provide turnkey services by buying from other manufacturers. Company has extended its product range to other power related products that are needed to complete the electrical system.