Cosmo Ferrites Ltd

Cosmo Ferrites Ltd

₹ 188 0.48%
09 Jun 2:08 p.m.
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]

  • Market Cap 226 Cr.
  • Current Price 188
  • High / Low 592 / 125
  • Stock P/E 93.4
  • Book Value 26.8
  • Dividend Yield 0.00 %
  • ROCE 9.46 %
  • ROE 7.55 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.1%

Cons

  • Stock is trading at 7.14 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
9.78 7.28 18.38 19.11 18.88 19.81 26.19 34.75 33.09 35.44 24.57 23.36 23.94
12.13 6.88 16.42 17.15 16.65 16.20 19.82 26.03 24.04 30.01 23.06 21.85 22.45
Operating Profit -2.35 0.40 1.96 1.96 2.23 3.61 6.37 8.72 9.05 5.43 1.51 1.51 1.49
OPM % -24.03% 5.49% 10.66% 10.26% 11.81% 18.22% 24.32% 25.09% 27.35% 15.32% 6.15% 6.46% 6.22%
0.18 0.15 0.32 0.59 0.29 0.31 0.64 -1.04 -0.70 0.61 0.38 0.32 1.30
Interest 0.70 0.78 0.92 0.91 0.84 0.75 1.31 1.12 0.89 1.20 1.41 1.45 1.44
Depreciation 0.95 0.98 0.98 0.98 1.01 0.99 1.00 1.06 0.87 0.84 0.98 0.97 1.11
Profit before tax -3.82 -1.21 0.38 0.66 0.67 2.18 4.70 5.50 6.59 4.00 -0.50 -0.59 0.24
Tax % -0.52% -3.31% -2.63% 45.45% -243.28% 20.18% 25.32% 25.82% 25.64% 21.50% 18.00% 22.03% 37.50%
Net Profit -3.84 -1.25 0.39 0.36 2.30 1.74 3.51 4.08 4.90 3.14 -0.41 -0.46 0.15
EPS in Rs -3.19 -1.04 0.32 0.30 1.91 1.45 2.92 3.39 4.07 2.61 -0.34 -0.38 0.12
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
43 49 57 54 59 66 78 78 55 64 114 107
38 45 50 51 54 60 77 76 58 57 83 97
Operating Profit 5 3 7 3 5 6 1 2 -3 7 31 10
OPM % 12% 7% 12% 6% 9% 9% 2% 3% -5% 10% 27% 9%
1 1 1 1 1 1 1 -4 1 1 -4 3
Interest 2 3 3 3 3 4 5 5 4 3 4 6
Depreciation 3 4 4 4 4 4 4 4 4 4 4 4
Profit before tax 0 -3 1 -2 0 -1 -7 -11 -10 0 19 3
Tax % 2% 36% 5% 30% 80% 28% 65% 27% 0% -260% 25% 23%
Net Profit 0 -2 1 -2 -0 -1 -2 -8 -10 2 14 2
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
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 8%
5 Years: 7%
3 Years: 25%
TTM: -6%
Compounded Profit Growth
10 Years: 13%
5 Years: 25%
3 Years: 31%
TTM: -87%
Stock Price CAGR
10 Years: 39%
5 Years: 54%
3 Years: 248%
1 Year: -68%
Return on Equity
10 Years: 2%
5 Years: 8%
3 Years: 31%
Last Year: 8%

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
12 12 13 14 14 12 14 14 14 14 14 12
Reserves 12 10 11 9 9 22 20 12 2 4 18 20
20 21 18 24 28 35 42 38 40 45 46 73
14 15 17 18 18 22 28 29 25 20 33 20
Total Liabilities 58 58 57 63 68 91 102 90 79 81 109 125
37 36 33 35 41 63 64 60 57 54 48 73
CWIP 1 -0 2 6 0 0 0 0 -0 0 12 -0
Investments 2 2 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
19 21 23 22 27 28 38 30 22 26 49 52
Total Assets 58 58 57 63 68 91 102 90 79 81 109 125

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
3 -0 2 4 -0 3 -6 8 -1 -4 15 -2
-5 -1 1 -10 -4 -7 -4 -3 -1 -1 -15 -22
3 1 -2 8 4 4 10 -5 2 6 1 26
Net Cash Flow 0 -1 0 1 0 1 -0 -0 0 -0 1 2

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 49 56 47 50 72 58 87 57 47 51 54 57
Inventory Days 213 211 181 203 214 212 162 151 169 205 197 137
Days Payable 160 178 122 167 150 173 210 221 241 161 127 58
Cash Conversion Cycle 101 89 106 87 135 96 39 -13 -25 95 123 136
Working Capital Days 36 48 56 51 65 45 56 2 -19 41 56 89
ROCE % 7% 1% 8% 1% 5% 4% -2% -1% -10% 7% 41% 9%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
63.49 63.49 63.49 63.49 63.49 63.49 63.49 63.59 63.65 63.65 63.65 63.65
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.04 0.00
0.06 0.06 0.06 0.06 0.06 0.06 0.35 0.06 0.06 0.06 0.06 0.06
36.45 36.45 36.45 36.45 36.45 36.45 36.16 36.35 36.29 36.25 36.25 36.29

* 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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