Cosmo First Ltd

Cosmo First Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Cosmo First Ltd

₹ 617 -1.80%
25 Apr - close price
cosmofilms.com BSE: 508814 NSE : COSMOFIRST
About

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.

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 1,620 Cr.
  • Current Price ₹ 617
  • High / Low ₹ 773 / 451
  • Stock P/E 20.6
  • Book Value ₹ 503
  • Dividend Yield 0.81 %
  • ROCE 17.0 %
  • ROE 19.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 30.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%
  • Company's working capital requirements have reduced from 39.7 days to 25.9 days

Cons

  • The company has delivered a poor sales growth of 10.7% over past five years.

* 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: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
572 672 688 759 771 821 843 778 730 715 658 664 625
474 559 556 615 622 676 700 665 665 654 622 602 582
Operating Profit 98 113 132 144 148 145 143 113 65 61 35 61 42
OPM % 17% 17% 19% 19% 19% 18% 17% 15% 9% 9% 5% 9% 7%
14 13 11 8 13 19 7 11 21 13 20 11 14
Interest 9 9 12 9 7 11 12 10 17 17 18 22 23
Depreciation 15 16 14 15 15 18 16 17 20 22 21 22 23
Profit before tax 88 101 116 128 138 135 123 97 49 35 16 29 10
Tax % 29% 26% 25% 24% 24% 20% 24% 25% 6% 8% 11% 25% -10%
63 74 87 97 104 108 93 73 46 32 14 22 11
EPS in Rs 22.99 27.27 31.77 35.64 38.25 39.63 34.23 26.86 16.74 12.12 5.30 8.21 4.33
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,136 1,266 1,468 1,647 1,621 1,587 1,847 2,157 2,204 2,285 3,038 3,065 2,661
1,042 1,175 1,360 1,542 1,429 1,433 1,713 1,995 1,943 1,893 2,467 2,682 2,460
Operating Profit 94 91 109 105 191 154 133 161 261 393 572 383 201
OPM % 8% 7% 7% 6% 12% 10% 7% 7% 12% 17% 19% 12% 8%
9 -1 -22 8 -1 15 34 20 19 37 48 51 57
Interest 28 29 43 40 30 36 52 56 53 42 40 55 80
Depreciation 36 39 45 35 36 42 51 54 65 59 63 75 88
Profit before tax 39 22 -2 38 124 91 64 72 163 329 517 304 90
Tax % 22% 48% -206% 28% 22% 6% -1% 15% 30% 28% 23% 20%
30 11 -6 28 96 86 64 61 113 237 397 244 79
EPS in Rs 10.79 3.88 -1.88 9.47 32.96 29.36 22.07 20.93 38.85 86.78 145.28 92.95 29.96
Dividend Payout % 31% 43% -35% 25% 20% 23% 18% 19% 26% 19% 16% 5%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 12%
TTM: -16%
Compounded Profit Growth
10 Years: 31%
5 Years: 31%
3 Years: 29%
TTM: -75%
Stock Price CAGR
10 Years: 32%
5 Years: 35%
3 Years: 13%
1 Year: -1%
Return on Equity
10 Years: 19%
5 Years: 23%
3 Years: 28%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 19 19 19 19 19 19 19 19 19 18 18 26 26
Reserves 315 327 341 361 437 554 600 661 721 836 1,173 1,272 1,294
429 509 587 490 422 623 788 811 789 760 818 932 1,052
170 176 204 209 263 348 355 377 375 506 744 880 975
Total Liabilities 934 1,032 1,151 1,079 1,142 1,544 1,763 1,869 1,905 2,120 2,753 3,110 3,348
449 439 637 595 647 989 1,023 1,013 1,023 1,020 1,003 1,427 1,487
CWIP 4 158 2 14 12 9 12 32 16 20 270 185 220
Investments 12 4 30 36 31 0 58 77 146 247 446 418 467
470 431 483 434 452 547 669 746 721 832 1,033 1,080 1,173
Total Assets 934 1,032 1,151 1,079 1,142 1,544 1,763 1,869 1,905 2,120 2,753 3,110 3,348

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
55 94 59 129 223 50 82 143 240 335 481 465
-34 -139 -51 -44 -79 -223 -123 -90 -106 -105 -447 -325
-17 36 19 -121 -138 165 62 -35 -165 -193 -52 -153
Net Cash Flow 4 -9 28 -36 6 -7 21 17 -31 37 -18 -13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 42 37 34 27 26 37 38 35 32 30 26 24
Inventory Days 89 66 74 57 61 86 78 64 68 98 108 95
Days Payable 45 46 48 37 57 50 52 47 39 53 71 94
Cash Conversion Cycle 86 58 60 47 31 74 64 53 61 75 63 25
Working Capital Days 67 53 50 33 16 45 41 33 33 52 41 26
ROCE % 8% 7% 7% 9% 18% 12% 9% 8% 14% 23% 31% 17%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.23% 44.09% 44.09% 44.09% 44.09% 44.25% 44.28% 44.40% 44.96% 45.04% 45.04% 45.04%
3.99% 4.53% 5.45% 6.18% 5.96% 5.83% 4.63% 4.74% 4.74% 3.72% 3.45% 3.19%
1.65% 1.31% 1.24% 1.00% 0.94% 0.94% 0.94% 0.96% 0.77% 0.88% 0.76% 0.03%
48.20% 48.51% 48.10% 47.69% 47.88% 47.68% 48.86% 48.71% 48.32% 49.16% 49.62% 50.45%
1.93% 1.56% 1.12% 1.04% 1.12% 1.30% 1.31% 1.21% 1.19% 1.19% 1.13% 1.30%
No. of Shareholders 28,86737,18936,16438,66545,60346,74762,80548,39647,54845,99747,42346,304

* 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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