Cospower Engineering Ltd

Cospower Engineering Ltd

₹ 279 6.49%
10 Apr - close price
About

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]

Key Points

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.

  • Market Cap 41.8 Cr.
  • Current Price 279
  • 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 7.08 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.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
4.36 6.68 3.59 8.50 6.18 5.92 3.73 10.34 7.05
3.79 5.84 3.31 7.26 5.51 4.73 3.79 9.30 6.89
Operating Profit 0.57 0.84 0.28 1.24 0.67 1.19 -0.06 1.04 0.16
OPM % 13.07% 12.57% 7.80% 14.59% 10.84% 20.10% -1.61% 10.06% 2.27%
0.00 0.05 0.02 0.01 0.00 0.13 0.03 0.22 0.02
Interest 0.17 0.15 0.12 0.29 0.29 0.36 0.36 0.22 0.94
Depreciation 0.02 0.02 0.02 0.03 0.17 0.01 0.21 0.07 0.84
Profit before tax 0.38 0.72 0.16 0.93 0.21 0.95 -0.60 0.97 -1.60
Tax % 26.32% 27.78% 25.00% 34.41% 23.81% 36.84% 0.00% 16.49% 25.00%
0.28 0.53 0.13 0.60 0.15 0.60 -0.60 0.81 -1.20
EPS in Rs 18.67 3.53 0.87 4.00 1.00 4.00 -4.00 5.40 -8.00
Raw PDF

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: 87%
1 Year: 0%
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%

Shareholding Pattern

Numbers in percentages

Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
73.33% 73.33% 73.33% 73.33% 73.33% 73.33% 73.33% 73.33% 73.33%
26.67% 26.67% 26.67% 26.67% 26.67% 26.67% 26.67% 26.67% 26.67%
No. of Shareholders 91817682675858120139

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