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Last Updated on: 24 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 530545 | NSE: COSCO

Fundamental Analysis of COSCO (India) Ltd

Share Price and Basic Stock Data

Last Updated: June 24, 2024, 10:50 pm

Market Cap 128 Cr.
Current Price 308
High / Low388/157
Stock P/E39.9
Book Value 120
Dividend Yield0.00 %
ROCE9.57 %
ROE6.66 %
Face Value 10.0
PEG Ratio7.33

Competitors of COSCO (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales48.0026.8833.0934.5041.6533.4238.3539.4441.3145.4541.2440.6749.19
Expenses43.9225.3531.2031.9239.6932.0036.5337.2039.4742.5738.6037.7046.33
Operating Profit4.081.531.892.581.961.421.822.241.842.882.642.972.86
OPM %8.50%5.69%5.71%7.48%4.71%4.25%4.75%5.68%4.45%6.34%6.40%7.30%5.81%
Other Income0.410.230.090.110.460.220.190.090.160.110.57-0.010.28
Interest1.091.311.251.240.881.081.311.361.411.241.351.241.40
Depreciation0.380.350.350.400.550.400.560.490.470.530.630.620.60
Profit before tax3.020.100.381.050.990.160.140.480.121.221.231.101.14
Tax %33.77%100.00%13.16%38.10%3.03%62.50%42.86%-10.42%91.67%55.74%46.34%-4.55%25.44%
Net Profit2.00-0.010.320.650.960.070.070.530.010.540.661.150.85
EPS in Rs4.81-0.020.771.562.310.170.171.270.021.301.592.762.04

Last Updated: June 9, 2024, 10:23 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 26, 2024, 9:42 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8193105119126137126133134148136153169
Expenses778597110116127116124126137128145158
Operating Profit488910101198118710
OPM %4%9%8%8%8%7%8%7%6%7%6%5%6%
Other Income-6-2-10031111111
Interest2334444444555
Depreciation1111111112222
Profit before tax-6245586526214
Tax %30%95%31%18%32%30%37%36%18%29%24%24%
Net Profit-4034364325212
EPS in Rs-9.660.296.589.168.0513.369.447.264.3510.844.611.635.67
Dividend Payout %0%0%0%0%12%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)100.00%33.33%-25.00%100.00%-33.33%-25.00%-33.33%150.00%-60.00%-50.00%
Change in YoY Net Profit Growth (%)0.00%-66.67%-58.33%125.00%-133.33%8.33%-8.33%183.33%-210.00%10.00%

Growth

Compounded Sales Growth
10 Years:5%
5 Years:6%
3 Years:6%
TTM:16%
Compounded Profit Growth
10 Years:-1%
5 Years:1%
3 Years:-10%
TTM:386%
Stock Price CAGR
10 Years:21%
5 Years:17%
3 Years:30%
1 Year:101%
Return on Equity
10 Years:9%
5 Years:6%
3 Years:4%
Last Year:7%

Last Updated: June 2, 2024, 12:01 am

Balance Sheet

Last Updated: May 26, 2024, 5:58 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital4444444444444
Reserves12121418212630333540424244
Borrowings25263640404241454348525459
Other Liabilities17191214161412111613121519
Total Liabilities576166768186889498105110116125
Fixed Assets4444566688899
CWIP0000000000000
Investments0000000000000
Other Assets54576272768082889097102107116
Total Assets576166768186889498105110116125

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 20538-4444558
Cash from Investing Activity -1-1-1-20-1-1-1-1-1-3-3
Cash from Financing Activity -1-1-3-3-30-3-5-0-4-5-5
Net Cash Flow1-11-15-40-221-30

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow4.00-18.00-28.00-31.00-30.00-32.00-30.00-36.00-35.00-37.00-44.00-47.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days486258565654706879645951
Inventory Days250223203208219193238231224211284293
Days Payable352223232622231737181823
Cash Conversion Cycle262263237241249226285282266257325322
Working Capital Days143136172172172158190200193197227214
ROCE %7%18%17%15%14%15%14%11%8%12%8%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.98%74.98%74.98%74.98%74.98%74.97%74.97%74.97%74.97%74.97%74.97%74.97%
DIIs0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public25.01%25.01%25.02%25.02%25.02%25.03%25.02%25.03%25.02%25.03%25.03%25.01%
No. of Shareholders2,5062,7652,8123,3633,4343,3752,9772,8912,8502,9062,8152,619

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Revenue From Operations [Net]176.55152.28135.89147.51133.45
Other Operating Revenues0.000.240.230.490.37
Total Operating Revenues176.55152.52136.12147.99133.82
Other Income0.950.670.890.910.54
Total Revenue177.50153.18137.01148.91134.36
Cost Of Materials Consumed34.1332.5122.5725.2822.76
Purchase Of Stock-In Trade73.2069.3577.4878.3561.97
Changes In Inventories Of FG,WIP And Stock-In Trade-0.41-6.88-11.57-5.321.60
Employee Benefit Expenses19.8418.2615.3513.9615.06
Finance Costs5.235.154.684.084.40
Depreciation And Amortisation Expenses2.381.921.661.521.46
Other Expenses38.4531.9724.3324.7224.89
Total Expenses172.81152.28134.50142.59132.14
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax4.690.912.516.322.22
Profit/Loss Before Tax4.690.912.516.322.22
Current Tax1.480.370.781.780.84
Deferred Tax0.00-0.17-0.200.03-0.46
Tax For Earlier Years0.000.020.000.000.02
Total Tax Expenses1.480.220.591.810.41
Profit/Loss After Tax And Before ExtraOrdinary Items3.210.681.924.511.81
Profit/Loss From Continuing Operations3.210.681.924.511.81
Profit/Loss For The Period3.210.681.924.511.81
Basic EPS (Rs.)7.711.644.6110.834.34
Diluted EPS (Rs.)7.711.644.6110.834.34

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 325.26

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5.60% compared to the current price 308

Intrinsic Value: 342.96

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 11.35% compared to the current price ₹308

Last 5 Year EPS CAGR: 5.44%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of -4.52 and average Dividend Yield of 146.86%.
  2. The company has shown consistent growth in sales (127.69 cr) and profit (3.38 cr) over the years.
  1. The stock has a low average ROCE of 12.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 181.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 267.92, which may not be favorable.
  4. The company has higher borrowings (43.67) compared to reserves (29.92), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in COSCO (India) Ltd:
    1. Net Profit Margin: N/A%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: N/A% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: N/A% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): N/A
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: N/A
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 39.9 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Cosco (India) Ltd. is a Public Limited Listed company incorporated on 25/01/1980 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L25199DL1980PLC010173 and registration number is 010173. Currently Company is involved in the business activities of Wholesale of household goods. Company’s Total Operating Revenue is Rs. 136.12 Cr. and Equity Capital is Rs. 4.16 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Leisure ProductsNo. 2/8, Roop Nagar, Delhi Delhi 110007mail@cosco.in
http://www.cosco.in
Management
NamePosition Held
Mr. Devinder Kumar JainManaging Director & CEO
Mr. Narinder Kumar JainManaging Director
Mr. Pankaj JainWhole Time Director
Mr. Tejal JainIndependent Director
Mr. Manish JainWhole Time Director
Mr. Arun JainWholeTime Director & CFO
Mr. Neeraj JainWhole Time Director
Mr. Vineet BhutaniIndependent Director
Mr. Gautam MackerIndependent Director
Mr. Anurag GuptaIndependent Director
Mr. Sudhir KalraIndependent Director
Mr. Vivek SharmaIndependent Director

FAQ

What is the latest fair value of COSCO (India) Ltd?

The latest fair value of COSCO (India) Ltd is ₹325.26.

What is the Market Cap of COSCO (India) Ltd?

The Market Cap of COSCO (India) Ltd is 128 Cr..

What is the current Stock Price of COSCO (India) Ltd as on 24 June 2024?

The current stock price of COSCO (India) Ltd as on 24 June 2024 is ₹308.

What is the High / Low of COSCO (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of COSCO (India) Ltd stocks is 388/157.

What is the Stock P/E of COSCO (India) Ltd?

The Stock P/E of COSCO (India) Ltd is 39.9.

What is the Book Value of COSCO (India) Ltd?

The Book Value of COSCO (India) Ltd is 120.

What is the Dividend Yield of COSCO (India) Ltd?

The Dividend Yield of COSCO (India) Ltd is 0.00 %.

What is the ROCE of COSCO (India) Ltd?

The ROCE of COSCO (India) Ltd is 9.57 %.

What is the ROE of COSCO (India) Ltd?

The ROE of COSCO (India) Ltd is 6.66 %.

What is the Face Value of COSCO (India) Ltd?

The Face Value of COSCO (India) Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in COSCO (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE