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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 508814 | NSE: COSMOFIRST

Cosmo First Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 5:33 pm

Market Cap 2,041 Cr.
Current Price 777
High / Low998/451
Stock P/E19.7
Book Value 544
Dividend Yield0.39 %
ROCE6.87 %
ROE4.53 %
Face Value 10.0
PEG Ratio-1.03

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Cosmo First Ltd

Competitors of Cosmo First Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hindustan Tin Works Ltd 176 Cr. 169249/13212.4 2010.71 %11.1 %8.65 % 10.0
HCP Plastene Bulkpack Ltd 181 Cr. 170294/14747.8 49.40.00 %5.83 %0.30 % 10.0
Gujarat Containers Ltd 93.6 Cr. 166200/14210.9 83.60.90 %22.7 %22.9 % 10.0
Goblin India Ltd 48.2 Cr. 34.882.4/29.212.4 31.80.00 %8.18 %6.90 % 10.0
G K P Printing & Packaging Ltd 19.2 Cr. 8.7516.6/7.53 9.980.00 %5.50 %7.89 % 10.0
Industry Average1,717.62N/A25.59N/AN/A12.6034.21N/A

All Competitor Stocks of Cosmo First Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales688759771821843778730715658664625641690
Expenses556615622676700665665654622602582597622
Operating Profit13214414814514311365613561424468
OPM %19%19%19%18%17%15%9%9%5%9%7%7%10%
Other Income118131971121132011142317
Interest129711121017171822232623
Depreciation14151518161720222122232424
Profit before tax1161281381351239749351629101837
Tax %25%24%24%20%24%25%6%8%11%25%-10%12%16%
Net Profit8797104108937346321422111531
EPS in Rs31.7735.6438.2539.6334.2326.8616.7412.125.308.214.335.8611.79

Last Updated: October 7, 2024, 8:18 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,2661,4681,6471,6211,5871,8472,1572,2042,2853,0383,0652,5872,619
Expenses1,1751,3601,5421,4291,4331,7131,9951,9431,8932,4672,6822,4042,404
Operating Profit91109105191154133161261393572383183216
OPM %7%7%6%12%10%7%7%12%17%19%12%7%8%
Other Income-1-228-1153420193748516865
Interest29434030365256534240558994
Depreciation39453536425154655963758992
Profit before tax22-2381249164721633295173047294
Tax %48%206%28%22%6%-1%15%30%28%23%20%14%
Net Profit11-628968664611132373972446279
EPS in Rs3.88-1.889.4732.9629.3622.0720.9338.8586.78145.2892.9523.6930.19
Dividend Payout %43%-35%25%20%23%18%19%26%19%16%5%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-154.55%566.67%242.86%-10.42%-25.58%-4.69%85.25%109.73%67.51%-38.54%-74.59%
Change in YoY Net Profit Growth (%)0.00%721.21%-323.81%-253.27%-15.16%20.89%89.93%24.49%-42.22%-106.05%-36.05%

Cosmo First Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:4%
3 Years:4%
TTM:-2%
Compounded Profit Growth
10 Years:12%
5 Years:2%
3 Years:-36%
TTM:-8%
Stock Price CAGR
10 Years:27%
5 Years:39%
3 Years:-8%
1 Year:23%
Return on Equity
10 Years:18%
5 Years:21%
3 Years:19%
Last Year:5%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:30 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital19191919191919191818262626
Reserves3273413614375546006617218361,1731,2721,3211,402
Borrowings5095874904226237888117897608189321,0481,183
Other Liabilities1762042092633483553773755067448801,1171,139
Total Liabilities1,0321,1511,0791,1421,5441,7631,8691,9052,1202,7533,1103,5123,750
Fixed Assets4396375956479891,0231,0131,0231,0201,0031,4271,5891,639
CWIP15821412912321620270185357387
Investments430363105877146247446418406392
Other Assets4314834344525476697467218321,0331,0801,1601,333
Total Assets1,0321,1511,0791,1421,5441,7631,8691,9052,1202,7533,1103,5123,750

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +94591292235082143240335481465245
Cash from Investing Activity +-139-51-44-79-223-123-90-106-105-447-325-235
Cash from Financing Activity +3619-121-13816562-35-165-193-52-153-19
Net Cash Flow-928-366-72117-3137-18-13-8

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-418.00-478.00-385.00-231.00-469.00-655.00-650.00-528.00-367.00-246.00-549.00182.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days373427263738353230262437
Inventory Days66745761867864689810895106
Days Payable4648375750524739537194143
Cash Conversion Cycle5860473174645361756325-0
Working Capital Days535033164541333352412615
ROCE %7%7%9%18%12%9%8%14%23%31%17%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters44.09%44.09%44.09%44.09%44.25%44.28%44.40%44.96%45.04%45.04%45.04%45.04%
FIIs4.53%5.45%6.18%5.96%5.83%4.63%4.74%4.74%3.72%3.45%3.19%3.23%
DIIs1.31%1.24%1.00%0.94%0.94%0.94%0.96%0.77%0.88%0.76%0.03%0.68%
Public48.51%48.10%47.69%47.88%47.68%48.86%48.71%48.32%49.16%49.62%50.45%49.72%
Others1.56%1.12%1.04%1.12%1.30%1.31%1.21%1.19%1.19%1.13%1.30%1.33%
No. of Shareholders37,18936,16438,66545,60346,74762,80548,39647,54845,99747,42346,30441,937

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
JM Value Fund53,7570.493.2553,7572024-11-110%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)23.9990.86221.56127.0259.19
Diluted EPS (Rs.)23.6489.45216.99125.7259.19
Cash EPS (Rs.)57.78121.50253.12162.9791.81
Book Value[Excl.RevalReserv]/Share (Rs.)513.34494.52655.33469.93381.13
Book Value[Incl.RevalReserv]/Share (Rs.)513.34494.52655.33469.93381.13
Revenue From Operations / Share (Rs.)985.651167.731672.201257.671133.50
PBDIT / Share (Rs.)95.71165.45341.07236.46144.27
PBIT / Share (Rs.)61.62136.89306.24203.86110.81
PBT / Share (Rs.)27.58115.77284.32180.9283.77
Net Profit / Share (Rs.)23.6992.95218.28130.3858.35
NP After MI And SOA / Share (Rs.)23.6992.95218.28130.3858.35
PBDIT Margin (%)9.7014.1620.3918.8012.72
PBIT Margin (%)6.2511.7218.3116.209.77
PBT Margin (%)2.799.9117.0014.387.38
Net Profit Margin (%)2.407.9513.0510.365.14
NP After MI And SOA Margin (%)2.407.9513.0510.365.14
Return on Networth / Equity (%)4.6118.7933.3027.7415.31
Return on Capital Employeed (%)6.8416.9029.2727.2517.65
Return On Assets (%)1.767.8014.3711.145.93
Long Term Debt / Equity (X)0.500.420.400.390.47
Total Debt / Equity (X)0.720.680.680.730.89
Asset Turnover Ratio (%)0.770.961.211.061.10
Current Ratio (X)1.211.331.601.301.14
Quick Ratio (X)0.760.790.950.800.74
Inventory Turnover Ratio (X)3.304.125.104.946.22
Dividend Payout Ratio (NP) (%)20.850.0015.8018.7935.47
Dividend Payout Ratio (CP) (%)8.550.0013.6315.0322.54
Earning Retention Ratio (%)79.150.0084.2081.2164.53
Cash Earning Retention Ratio (%)91.450.0086.3784.9777.46
Interest Coverage Ratio (X)2.817.8315.5710.315.33
Interest Coverage Ratio (Post Tax) (X)1.705.4010.966.683.16
Enterprise Value (Cr.)2253.432387.553896.881683.031006.77
EV / Net Operating Revenue (X)0.870.771.280.730.45
EV / EBITDA (X)8.975.506.293.923.59
MarketCap / Net Operating Revenue (X)0.500.501.040.490.18
Retention Ratios (%)79.140.0084.1981.2064.52
Price / BV (X)0.971.192.641.320.54
Price / Net Operating Revenue (X)0.500.501.040.490.18
EarningsYield0.040.150.120.210.27

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Cosmo First Ltd as of November 17, 2024 is: 487.36

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.

As of November 17, 2024, Cosmo First Ltd is Overvalued by 37.28% compared to the current share price 777.00

Intrinsic Value of Cosmo First Ltd as of November 17, 2024 is: 394.58

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 17, 2024, Cosmo First Ltd is Overvalued by 49.22% compared to the current share price 777.00

Last 5 Year EPS CAGR: -19.04%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (769.69 cr) compared to borrowings (750.77 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.69 cr) and profit (145.23 cr) over the years.
  1. The stock has a low average ROCE of 13.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 36.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 50.92, which may not be favorable.

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 Cosmo First Ltd:
    1. Net Profit Margin: 2.4%
      • 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: 6.84% (Industry Average ROCE: 12.6%)
      • 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%: 4.61% (Industry Average ROE: 34.21%)
      • 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): 1.7
      • 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: 0.76
      • 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: 19.7 (Industry average Stock P/E: 25.59)
      • 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: 0.72
      • 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

Cosmo First Ltd. is a Public Limited Listed company incorporated on 07/10/1976 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L92114DL1976PLC008355 and registration number is 008355. Currently Company is involved in the business activities of Manufacture of semi-finished of plastic products (plastic plates, sheets, blocks, film, foil, strip etc.). Company’s Total Operating Revenue is Rs. 2824.15 Cr. and Equity Capital is Rs. 18.17 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & Containers1st Floor, Uppal�s Plaza, M-6, Jasola District Centre, New Delhi Delhi 110025investor.relations@cosmofirst.com
http://www.cosmofirst.com
Management
NamePosition Held
Mr. Ashok JaipuriaChairman & Managing Director
Mr. Anil Kumar JainDirector
Mr. H K AgrawalIndependent Director
Mrs. Alpana ParidaIndependent Director
Mr. Pratip ChaudhuriNon Independent Director
Mr. H N SinorIndependent Director
Mr. Anil WadhwaIndependent Director
Mr. Rakesh NangiaIndependent Director
Mr. Arjun SinghIndependent Director
Mr. Yash Pal SyngalIndependent Director

FAQ

What is the latest intrinsic value of Cosmo First Ltd?

The latest intrinsic value of Cosmo First Ltd as on 17 November 2024 is ₹487.36, which is 37.28% lower than the current market price of ₹777.00.

What is the Market Cap of Cosmo First Ltd?

The Market Cap of Cosmo First Ltd is 2,041 Cr..

What is the current Stock Price of Cosmo First Ltd as on 17 November 2024?

The current stock price of Cosmo First Ltd as on 17 November 2024 is ₹777.

What is the High / Low of Cosmo First Ltd stocks in FY 2024?

In FY 2024, the High / Low of Cosmo First Ltd stocks is 998/451.

What is the Stock P/E of Cosmo First Ltd?

The Stock P/E of Cosmo First Ltd is 19.7.

What is the Book Value of Cosmo First Ltd?

The Book Value of Cosmo First Ltd is 544.

What is the Dividend Yield of Cosmo First Ltd?

The Dividend Yield of Cosmo First Ltd is 0.39 %.

What is the ROCE of Cosmo First Ltd?

The ROCE of Cosmo First Ltd is 6.87 %.

What is the ROE of Cosmo First Ltd?

The ROE of Cosmo First Ltd is 4.53 %.

What is the Face Value of Cosmo First Ltd?

The Face Value of Cosmo First 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 Cosmo First 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