Cosmo Ferrites Ltd

₹ 259 -1.98%

06 Dec - close price

About

Cosmo Ferrites Limited is a manufacturer and exporter of soft ferrite cores used in inverter transformers, Energy Meter, Mobile Charger etc. ^[1]

Key Points

**Products & Revenue Mix- FY22 **
Soft Ferrites Components (86%)
The Co. produces Soft Ferrites used in Inverter transformers, Energy meters, Mobile chargers, SMPS, pulse transformers, line filters, choke, noise suppressors, etc. The Co serves a variety of industries including Automotive, Lighting, Solar, Induction Heating, Medical, etc.
Coils and Transformers (14%) ^[1] ^[2]

Website BSE

Market Cap ₹ 312 Cr.
Current Price ₹ 259
High / Low ₹ 334 / 125
Stock P/E
Book Value ₹ 26.7
Dividend Yield 0.00 %
ROCE 10.3 %
ROE 9.69 %
Face Value ₹ 10.0

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Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 34.3%

Cons

Stock is trading at 9.70 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Working capital days have increased from 61.8 days to 89.0 days

* 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: Consumer Durables Industry: Electronics - Components

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	18.38	19.11	18.88	19.81	26.19	34.75	33.09	35.44	24.57	23.36	23.94	26.96	23.78
	16.42	17.15	16.65	16.20	19.82	26.03	24.04	30.01	23.06	21.85	22.45	23.93	21.85
Operating Profit	1.96	1.96	2.23	3.61	6.37	8.72	9.05	5.43	1.51	1.51	1.49	3.03	1.93
OPM %	10.66%	10.26%	11.81%	18.22%	24.32%	25.09%	27.35%	15.32%	6.15%	6.46%	6.22%	11.24%	8.12%
	0.32	0.59	0.29	0.31	0.64	-1.04	-0.70	0.61	0.38	0.32	1.30	0.41	0.68
Interest	0.92	0.91	0.84	0.75	1.31	1.12	0.89	1.20	1.41	1.45	1.44	1.92	1.93
Depreciation	0.98	0.98	1.01	0.99	1.00	1.06	0.87	0.84	0.98	0.97	1.11	1.20	1.21
Profit before tax	0.38	0.66	0.67	2.18	4.70	5.50	6.59	4.00	-0.50	-0.59	0.24	0.32	-0.53
Tax %	-2.63%	45.45%	-243.28%	20.18%	25.32%	25.82%	25.64%	21.50%	18.00%	22.03%	37.50%	-12.50%	18.87%
	0.39	0.36	2.30	1.74	3.51	4.08	4.90	3.14	-0.41	-0.46	0.15	0.36	-0.43
EPS in Rs	0.32	0.30	1.91	1.45	2.92	3.39	4.07	2.61	-0.34	-0.38	0.12	0.30	-0.36
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	42.81	48.62	56.78	54.09	59.46	66.09	78.21	78.42	55.01	63.65	113.84	107.31	98.04
	37.85	45.15	50.19	51.08	54.02	60.37	76.92	76.43	58.03	57.04	82.83	96.56	90.08
Operating Profit	4.96	3.47	6.59	3.01	5.44	5.72	1.29	1.99	-3.02	6.61	31.01	10.75	7.96
OPM %	11.59%	7.14%	11.61%	5.56%	9.15%	8.65%	1.65%	2.54%	-5.49%	10.38%	27.24%	10.02%	8.12%
	1.26	0.76	1.21	0.97	0.92	0.67	1.29	-4.17	0.91	1.29	-4.06	1.80	2.71
Interest	2.44	2.87	2.72	2.74	2.62	3.77	5.14	5.14	4.18	3.45	4.07	5.50	6.74
Depreciation	3.38	3.95	3.98	3.61	3.69	3.99	4.30	4.14	3.75	3.95	3.92	3.90	4.49
Profit before tax	0.40	-2.59	1.10	-2.37	0.05	-1.37	-6.86	-11.46	-10.04	0.50	18.96	3.15	-0.56
Tax %	2.50%	36.29%	4.55%	29.54%	80.00%	27.74%	65.01%	27.14%	0.10%	-260.00%	25.00%	23.17%
	0.39	-1.66	1.05	-1.68	-0.00	-0.99	-2.40	-8.35	-10.03	1.81	14.23	2.42	-0.38
EPS in Rs	0.32	-1.38	0.87	-1.40	-0.00	-0.82	-2.00	-6.94	-8.34	1.50	11.83	2.01	-0.32
Dividend Payout %	-0.00%	-0.00%	-0.00%	-0.00%		-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%

Compounded Sales Growth
10 Years:	8%
5 Years:	7%
3 Years:	25%
TTM:	-23%

Compounded Profit Growth
10 Years:	14%
5 Years:	27%
3 Years:	32%
TTM:	-101%

Stock Price CAGR
10 Years:	46%
5 Years:	69%
3 Years:	196%
1 Year:	-6%

Return on Equity
10 Years:	3%
5 Years:	9%
3 Years:	34%
Last Year:	10%

Balance Sheet

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	12.03	12.03	12.03	12.03	12.03	12.03	12.03	12.03	12.03	12.03	12.03	12.03	12.03
Reserves	11.65	9.98	11.01	9.10	9.11	22.39	19.97	11.77	1.75	3.55	17.83	20.22	20.12
Preference Capital	-0.00	-0.00	1.00	2.00	2.00	-0.00	2.00	2.00	2.00	2.00	2.00	2.00
	20.49	21.05	17.67	24.47	28.41	34.57	42.41	37.54	39.62	45.13	45.63	71.20	70.30
	14.32	15.32	16.70	17.59	18.31	22.34	27.94	28.68	25.26	19.91	33.15	21.91	23.55
Total Liabilities	58.49	58.38	57.41	63.19	67.86	91.33	102.35	90.02	78.66	80.62	108.64	125.36	126.00
	37.35	35.76	32.87	34.84	40.74	63.46	64.04	59.98	56.86	54.14	48.44	73.01	71.54
CWIP	0.67	-0.00	1.65	5.94	0.08	0.08	0.24	0.01	-0.00	0.05	11.55	-0.00	0.08
Investments	1.79	1.79	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	0.26	0.26
	18.68	20.83	22.89	22.41	27.04	27.79	38.07	30.03	21.80	26.43	48.65	52.09	54.12
Total Assets	58.49	58.38	57.41	63.19	67.86	91.33	102.35	90.02	78.66	80.62	108.64	125.36	126.00

Cash Flows

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	2.99	-0.46	2.10	3.63	-0.06	2.97	-6.01	7.65	-1.12	-4.30	15.26	-1.57
	-5.24	-1.45	0.63	-10.40	-3.72	-6.80	-4.18	-2.95	-0.82	-1.32	-15.10	-21.68
	2.61	0.55	-2.38	7.79	3.94	4.36	9.84	-4.87	2.08	5.52	0.53	25.57
Net Cash Flow	0.36	-1.36	0.35	1.02	0.16	0.53	-0.35	-0.16	0.14	-0.10	0.69	2.32

Ratios

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	48.85	55.70	46.67	50.27	71.88	57.55	86.85	56.83	47.38	51.27	54.06	57.35
Inventory Days	212.68	211.03	181.49	203.28	213.91	211.67	162.06	151.31	168.71	205.25	196.52	136.93
Days Payable	160.37	178.14	121.74	167.01	150.42	173.28	209.77	220.97	240.96	161.24	127.25	58.29
Cash Conversion Cycle	101.16	88.59	106.42	86.55	135.37	95.93	39.14	-12.82	-24.88	95.28	123.33	135.99
Working Capital Days	36.24	48.50	55.67	51.15	64.88	44.84	55.82	1.58	-19.31	40.54	55.95	89.01
ROCE %	6.68%	0.71%	7.86%	1.21%	5.37%	4.00%	-2.37%	-1.36%	-9.75%	6.77%	41.13%	10.34%

Shareholding Pattern

Numbers in percentages

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	63.49%	63.49%	63.49%	63.49%	63.49%	63.59%	63.65%	63.65%	63.65%	63.65%	63.65%	63.65%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.04%	0.00%	0.00%	0.00%
	0.06%	0.06%	0.06%	0.06%	0.35%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
	36.45%	36.45%	36.45%	36.45%	36.16%	36.35%	36.29%	36.25%	36.25%	36.29%	36.29%	36.29%
No. of Shareholders	4,886	4,882	4,958	5,118	7,188	8,727	9,473	9,781	9,937	9,879	9,685	9,507

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
	63.49%	63.49%	63.49%	63.49%	63.49%	63.59%	63.65%	63.65%
	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
	36.45%	36.45%	36.45%	36.45%	36.45%	36.35%	36.29%	36.29%
No. of Shareholders	5,275	5,035	4,978	4,926	4,882	8,727	9,879	9,507

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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