Cosmo First Ltd
Established in 1981, Cosmo Films Limited is engaged in specialty films for packaging, lamination and labeling applications. Its films offerings include biaxially oriented polypropylene (BOPP) films, cast polypropylene (CPP) films and soon to be offered biaxially oriented polyethylene terephthalate (BOPET) films.
- Market Cap ₹ 2,415 Cr.
- Current Price ₹ 920
- High / Low ₹ 996 / 561
- Stock P/E 14.1
- Book Value ₹ 616
- Dividend Yield 0.43 %
- ROCE 11.2 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- The company has delivered a poor sales growth of 9.75% over past five years.
- Company has a low return on equity of 8.19% over last 3 years.
- Dividend payout has been low at 9.09% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -4.18%
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,647 | 1,621 | 1,587 | 1,847 | 2,157 | 2,204 | 2,285 | 3,038 | 3,065 | 2,587 | 2,895 | 3,639 | 4,004 | |
| 1,542 | 1,429 | 1,433 | 1,713 | 1,995 | 1,943 | 1,893 | 2,467 | 2,682 | 2,404 | 2,607 | 3,255 | 3,577 | |
| Operating Profit | 105 | 191 | 154 | 133 | 161 | 261 | 393 | 572 | 383 | 183 | 288 | 384 | 428 |
| OPM % | 6% | 12% | 10% | 7% | 7% | 12% | 17% | 19% | 12% | 7% | 10% | 11% | 11% |
| 8 | -1 | 15 | 34 | 20 | 19 | 37 | 48 | 51 | 68 | 74 | 95 | 82 | |
| Interest | 40 | 30 | 36 | 52 | 56 | 53 | 42 | 40 | 55 | 89 | 100 | 141 | 148 |
| Depreciation | 35 | 36 | 42 | 51 | 54 | 65 | 59 | 63 | 75 | 89 | 100 | 137 | 145 |
| Profit before tax | 38 | 124 | 91 | 64 | 72 | 163 | 329 | 517 | 304 | 72 | 163 | 201 | 217 |
| Tax % | 28% | 22% | 6% | -1% | 15% | 30% | 28% | 23% | 20% | 14% | 18% | 22% | |
| 28 | 96 | 86 | 64 | 61 | 113 | 237 | 397 | 244 | 62 | 133 | 156 | 167 | |
| EPS in Rs | 9.47 | 32.96 | 29.36 | 22.07 | 20.93 | 38.85 | 86.78 | 145.28 | 92.95 | 23.69 | 50.81 | 59.42 | 63.57 |
| Dividend Payout % | 25% | 20% | 23% | 18% | 19% | 26% | 19% | 16% | 5% | 13% | 8% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 10% |
| 3 Years: | 6% |
| TTM: | 33% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -7% |
| 3 Years: | -13% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 1% |
| 3 Years: | 8% |
| 1 Year: | -5% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 15% |
| 3 Years: | 8% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 18 | 18 | 26 | 26 | 26 | 26 |
| Reserves | 361 | 437 | 554 | 600 | 661 | 721 | 836 | 1,173 | 1,272 | 1,321 | 1,440 | 1,590 |
| 490 | 422 | 623 | 788 | 811 | 789 | 760 | 818 | 932 | 1,048 | 1,438 | 1,680 | |
| 209 | 263 | 348 | 355 | 377 | 375 | 506 | 744 | 880 | 1,117 | 1,199 | 1,383 | |
| Total Liabilities | 1,079 | 1,142 | 1,544 | 1,763 | 1,869 | 1,905 | 2,120 | 2,753 | 3,110 | 3,512 | 4,103 | 4,680 |
| 595 | 647 | 989 | 1,023 | 1,013 | 1,023 | 1,020 | 1,003 | 1,427 | 1,589 | 1,820 | 2,478 | |
| CWIP | 14 | 12 | 9 | 12 | 32 | 16 | 20 | 270 | 185 | 357 | 589 | 189 |
| Investments | 36 | 31 | 0 | 58 | 77 | 146 | 247 | 446 | 418 | 406 | 390 | 394 |
| 434 | 452 | 547 | 669 | 746 | 721 | 832 | 1,033 | 1,080 | 1,160 | 1,305 | 1,619 | |
| Total Assets | 1,079 | 1,142 | 1,544 | 1,763 | 1,869 | 1,905 | 2,120 | 2,753 | 3,110 | 3,512 | 4,103 | 4,680 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 129 | 223 | 50 | 82 | 143 | 240 | 335 | 481 | 465 | 245 | 166 | 397 | |
| -44 | -79 | -223 | -123 | -90 | -106 | -105 | -447 | -325 | -235 | -420 | -361 | |
| -121 | -138 | 165 | 62 | -35 | -165 | -193 | -52 | -153 | -19 | 247 | -3 | |
| Net Cash Flow | -36 | 6 | -7 | 21 | 17 | -31 | 37 | -18 | -13 | -8 | -6 | 33 |
| Free Cash Flow | 92 | 138 | -172 | 12 | 87 | 190 | 262 | 199 | 85 | -49 | -325 | -8 |
| CFO/OP | 128% | 134% | 42% | 75% | 98% | 105% | 99% | 97% | 141% | 142% | 65% | 112% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 27 | 26 | 37 | 38 | 35 | 32 | 30 | 26 | 24 | 37 | 39 | 40 |
| Inventory Days | 57 | 61 | 86 | 78 | 64 | 68 | 98 | 108 | 95 | 106 | 117 | 110 |
| Days Payable | 37 | 57 | 50 | 52 | 47 | 39 | 53 | 71 | 94 | 143 | 139 | 140 |
| Cash Conversion Cycle | 47 | 31 | 74 | 64 | 53 | 61 | 75 | 63 | 25 | -0 | 17 | 10 |
| Working Capital Days | -5 | -11 | -4 | -16 | -13 | -18 | -15 | 1 | -15 | -28 | -10 | -8 |
| ROCE % | 9% | 18% | 12% | 9% | 8% | 14% | 23% | 31% | 17% | 7% | 10% | 11% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| BOPP Installed Capacity TPA |
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| Films Per-kg Core Film Margin Rs/kg |
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| Films Per-kg Speciality Margin Rs/kg |
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| Films Speciality & Semi-Speciality Volume Mix % of total films volume |
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| Zigly Retail/Experience Centers centers |
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| BOPP Market Share in India % ・Standalone data |
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| Cosmo Consumer (Window Films) Distributors distributors |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Cosmo First to hold virtual analyst and institutional investor meeting on August 25, 2026 at 4:00 PM.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of August 7, 2026 investor call on Q1FY27 performance available on company website.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
- Announcement under Regulation 30 (LODR)-Investor Presentation
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022Transcript PPT
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Oct 2021Transcript PPT
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Aug 2021TranscriptAI SummaryPPT
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May 2021Transcript PPT
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Jan 2021Transcript PPT
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Nov 2020Transcript PPT
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Aug 2020TranscriptAI SummaryPPT
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Jun 2020Transcript PPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019Transcript PPT
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May 2019Transcript PPT
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Feb 2019Transcript PPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018Transcript PPT
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May 2018Transcript PPT
Products and Brands
Packaging Films: These are used for any flexible packaging application Print & Pouching Films, Barrier Films, Overwrap Films, Lidding Films, etc. [1]
Lamination Films: These films find their way into mostly print publishing and graphic art film segments. [2]
Label Films: These enable complete information legibility on a constricted surface area available for the brand presentation. [3]
Industrial Films: Ready to use industrial film for useful applications, such as adhesive tapes, textile bags, long lasting printing applications etc. [4]
Pet Care: In FY22, company forayed into the pet care vertical through its brand Zigly. Its a D2C Omni channel business model to address pets need at every stage of life.[5] Company has a target of opening 100+ experience centers by FY25/26.[6] Company has ~5,900 SKUs and its the first pet care app.
Rigid Plastics: Specializes in creating customized packaging solutions for FMCG products. It uses injection molding and thermoforming techniques.
Masterbatches: Masterbatch is a concentrated mixture of pigments and additives used for imparting specific desired
properties and coloring in plastic. Some are like white masterbatch, anti-stat (with 30%
concentration), master batch for blown films etc.
Adhesives: Cosmo plans to launch products in niche areas.[7]