Cosmo First Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 17, 2024, 8:35 pm

Market Cap	2,510 Cr.
Current Price	959
High / Low	998/451
Stock P/E	24.3
Book Value	544
Dividend Yield	0.31 %
ROCE	6.87 %
ROE	4.53 %
Face Value	10.0
PEG Ratio	-1.28

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Cosmo First Ltd

Competitors of Cosmo First Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Hindustan Tin Works Ltd	212 Cr.	204	249/132	15.0	201	0.59 %	11.1 %	8.65 %	10.0
HCP Plastene Bulkpack Ltd	169 Cr.	158	294/147	44.5	49.4	0.00 %	5.83 %	0.30 %	10.0
Gujarat Containers Ltd	101 Cr.	178	200/142	11.7	83.6	0.84 %	22.7 %	22.9 %	10.0
Goblin India Ltd	47.0 Cr.	34.0	82.4/29.2	12.1	31.8	0.00 %	8.18 %	6.90 %	10.0
G K P Printing & Packaging Ltd	18.5 Cr.	8.40	16.0/7.53		9.98	0.00 %	5.50 %	7.89 %	10.0
Industry Average	2,933.94 Cr	444.41		38.91	166.57	0.24%	12.21%	33.26%	7.36

All Competitor Stocks of Cosmo First Ltd

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	688	759	771	821	843	778	730	715	658	664	625	641	690
Expenses	556	615	622	676	700	665	665	654	622	602	582	597	622
Operating Profit	132	144	148	145	143	113	65	61	35	61	42	44	68
OPM %	19%	19%	19%	18%	17%	15%	9%	9%	5%	9%	7%	7%	10%
Other Income	11	8	13	19	7	11	21	13	20	11	14	23	17
Interest	12	9	7	11	12	10	17	17	18	22	23	26	23
Depreciation	14	15	15	18	16	17	20	22	21	22	23	24	24
Profit before tax	116	128	138	135	123	97	49	35	16	29	10	18	37
Tax %	25%	24%	24%	20%	24%	25%	6%	8%	11%	25%	-10%	12%	16%
Net Profit	87	97	104	108	93	73	46	32	14	22	11	15	31
EPS in Rs	31.77	35.64	38.25	39.63	34.23	26.86	16.74	12.12	5.30	8.21	4.33	5.86	11.79

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,266	1,468	1,647	1,621	1,587	1,847	2,157	2,204	2,285	3,038	3,065	2,587	2,619
Expenses	1,175	1,360	1,542	1,429	1,433	1,713	1,995	1,943	1,893	2,467	2,682	2,404	2,404
Operating Profit	91	109	105	191	154	133	161	261	393	572	383	183	216
OPM %	7%	7%	6%	12%	10%	7%	7%	12%	17%	19%	12%	7%	8%
Other Income	-1	-22	8	-1	15	34	20	19	37	48	51	68	65
Interest	29	43	40	30	36	52	56	53	42	40	55	89	94
Depreciation	39	45	35	36	42	51	54	65	59	63	75	89	92
Profit before tax	22	-2	38	124	91	64	72	163	329	517	304	72	94
Tax %	48%	206%	28%	22%	6%	-1%	15%	30%	28%	23%	20%	14%
Net Profit	11	-6	28	96	86	64	61	113	237	397	244	62	79
EPS in Rs	3.88	-1.88	9.47	32.96	29.36	22.07	20.93	38.85	86.78	145.28	92.95	23.69	30.19
Dividend Payout %	43%	-35%	25%	20%	23%	18%	19%	26%	19%	16%	5%	13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
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:	31%
5 Years:	46%
3 Years:	3%
1 Year:	66%

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	19	19	19	19	19	19	19	19	18	18	26	26	26
Reserves	327	341	361	437	554	600	661	721	836	1,173	1,272	1,321	1,402
Borrowings	509	587	490	422	623	788	811	789	760	818	932	1,048	1,183
Other Liabilities	176	204	209	263	348	355	377	375	506	744	880	1,117	1,139
Total Liabilities	1,032	1,151	1,079	1,142	1,544	1,763	1,869	1,905	2,120	2,753	3,110	3,512	3,750
Fixed Assets	439	637	595	647	989	1,023	1,013	1,023	1,020	1,003	1,427	1,589	1,639
CWIP	158	2	14	12	9	12	32	16	20	270	185	357	387
Investments	4	30	36	31	0	58	77	146	247	446	418	406	392
Other Assets	431	483	434	452	547	669	746	721	832	1,033	1,080	1,160	1,333
Total Assets	1,032	1,151	1,079	1,142	1,544	1,763	1,869	1,905	2,120	2,753	3,110	3,512	3,750

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	94	59	129	223	50	82	143	240	335	481	465	245
Cash from Investing Activity +	-139	-51	-44	-79	-223	-123	-90	-106	-105	-447	-325	-235
Cash from Financing Activity +	36	19	-121	-138	165	62	-35	-165	-193	-52	-153	-19
Net Cash Flow	-9	28	-36	6	-7	21	17	-31	37	-18	-13	-8

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-418.00	-478.00	-385.00	-231.00	-469.00	-655.00	-650.00	-528.00	-367.00	-246.00	-549.00	182.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	37	34	27	26	37	38	35	32	30	26	24	37
Inventory Days	66	74	57	61	86	78	64	68	98	108	95	106
Days Payable	46	48	37	57	50	52	47	39	53	71	94	143
Cash Conversion Cycle	58	60	47	31	74	64	53	61	75	63	25	-0
Working Capital Days	53	50	33	16	45	41	33	33	52	41	26	15
ROCE %	7%	7%	9%	18%	12%	9%	8%	14%	23%	31%	17%	7%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	44.09%	44.09%	44.09%	44.09%	44.25%	44.28%	44.40%	44.96%	45.04%	45.04%	45.04%	45.04%
FIIs	4.53%	5.45%	6.18%	5.96%	5.83%	4.63%	4.74%	4.74%	3.72%	3.45%	3.19%	3.23%
DIIs	1.31%	1.24%	1.00%	0.94%	0.94%	0.94%	0.96%	0.77%	0.88%	0.76%	0.03%	0.68%
Public	48.51%	48.10%	47.69%	47.88%	47.68%	48.86%	48.71%	48.32%	49.16%	49.62%	50.45%	49.72%
Others	1.56%	1.12%	1.04%	1.12%	1.30%	1.31%	1.21%	1.19%	1.19%	1.13%	1.30%	1.33%
No. of Shareholders	37,189	36,164	38,665	45,603	46,747	62,805	48,396	47,548	45,997	47,423	46,304	41,937

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
JM Value Fund	53,757	0.49	3.25	53,757	2024-12-11	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	23.99	90.86	221.56	127.02	59.19
Diluted EPS (Rs.)	23.64	89.45	216.99	125.72	59.19
Cash EPS (Rs.)	57.78	121.50	253.12	162.97	91.81
Book Value[Excl.RevalReserv]/Share (Rs.)	513.34	494.52	655.33	469.93	381.13
Book Value[Incl.RevalReserv]/Share (Rs.)	513.34	494.52	655.33	469.93	381.13
Revenue From Operations / Share (Rs.)	985.65	1167.73	1672.20	1257.67	1133.50
PBDIT / Share (Rs.)	95.71	165.45	341.07	236.46	144.27
PBIT / Share (Rs.)	61.62	136.89	306.24	203.86	110.81
PBT / Share (Rs.)	27.58	115.77	284.32	180.92	83.77
Net Profit / Share (Rs.)	23.69	92.95	218.28	130.38	58.35
NP After MI And SOA / Share (Rs.)	23.69	92.95	218.28	130.38	58.35
PBDIT Margin (%)	9.70	14.16	20.39	18.80	12.72
PBIT Margin (%)	6.25	11.72	18.31	16.20	9.77
PBT Margin (%)	2.79	9.91	17.00	14.38	7.38
Net Profit Margin (%)	2.40	7.95	13.05	10.36	5.14
NP After MI And SOA Margin (%)	2.40	7.95	13.05	10.36	5.14
Return on Networth / Equity (%)	4.61	18.79	33.30	27.74	15.31
Return on Capital Employeed (%)	6.84	16.90	29.27	27.25	17.65
Return On Assets (%)	1.76	7.80	14.37	11.14	5.93
Long Term Debt / Equity (X)	0.50	0.42	0.40	0.39	0.47
Total Debt / Equity (X)	0.72	0.68	0.68	0.73	0.89
Asset Turnover Ratio (%)	0.77	0.96	1.21	1.06	1.10
Current Ratio (X)	1.21	1.33	1.60	1.30	1.14
Quick Ratio (X)	0.76	0.79	0.95	0.80	0.74
Inventory Turnover Ratio (X)	3.30	4.12	5.10	4.94	6.22
Dividend Payout Ratio (NP) (%)	20.85	0.00	15.80	18.79	35.47
Dividend Payout Ratio (CP) (%)	8.55	0.00	13.63	15.03	22.54
Earning Retention Ratio (%)	79.15	0.00	84.20	81.21	64.53
Cash Earning Retention Ratio (%)	91.45	0.00	86.37	84.97	77.46
Interest Coverage Ratio (X)	2.81	7.83	15.57	10.31	5.33
Interest Coverage Ratio (Post Tax) (X)	1.70	5.40	10.96	6.68	3.16
Enterprise Value (Cr.)	2253.43	2387.55	3896.88	1683.03	1006.77
EV / Net Operating Revenue (X)	0.87	0.77	1.28	0.73	0.45
EV / EBITDA (X)	8.97	5.50	6.29	3.92	3.59
MarketCap / Net Operating Revenue (X)	0.50	0.50	1.04	0.49	0.18
Retention Ratios (%)	79.14	0.00	84.19	81.20	64.52
Price / BV (X)	0.97	1.19	2.64	1.32	0.54
Price / Net Operating Revenue (X)	0.50	0.50	1.04	0.49	0.18
EarningsYield	0.04	0.15	0.12	0.21	0.27

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Cosmo First Ltd as of December 18, 2024 is: 600.69

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 December 18, 2024, Cosmo First Ltd is Overvalued by 37.36% compared to the current share price 959.00

Intrinsic Value of Cosmo First Ltd as of December 18, 2024 is: 486.34

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 December 18, 2024, Cosmo First Ltd is Overvalued by 49.29% compared to the current share price 959.00

Last 5 Year EPS CAGR: -19.04%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (769.69 cr) compared to borrowings (750.77 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.69 cr) and profit (145.23 cr) over the years.	The stock has a low average ROCE of 13.50%, which may not be favorable. The stock has a high average Working Capital Days of 36.50, which may not be favorable. 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: 12.21%)
  - 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: 33.26%)
  - 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: 24.3 (Industry average Stock P/E: 38.91)
  - 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.

INDUSTRY	ADDRESS	CONTACT
Packaging & Containers	1st Floor, Uppal�s Plaza, M-6, Jasola District Centre, New Delhi Delhi 110025	investor.relations@cosmofirst.com http://www.cosmofirst.com

Management
Name	Position Held
Mr. Ashok Jaipuria	Chairman & Managing Director
Mr. Anil Kumar Jain	Director
Mr. H K Agrawal	Independent Director
Mrs. Alpana Parida	Independent Director
Mr. Pratip Chaudhuri	Non Independent Director
Mr. H N Sinor	Independent Director
Mr. Anil Wadhwa	Independent Director
Mr. Rakesh Nangia	Independent Director
Mr. Arjun Singh	Independent Director
Mr. Yash Pal Syngal	Independent Director

FAQ

What is the latest intrinsic value of Cosmo First Ltd?

The latest intrinsic value of Cosmo First Ltd as on 17 December 2024 is ₹600.69, which is 37.36% lower than the current market price of ₹959.00. The stock has a market capitalization of 2,510 Cr. and recorded a high/low of ₹998/451 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,402 Cr and total liabilities of ₹3,750 Cr.

What is the Market Cap of Cosmo First Ltd?

The Market Cap of Cosmo First Ltd is 2,510 Cr..

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

The current stock price of Cosmo First Ltd as on 17 December 2024 is 959.

What is the High / Low of Cosmo First Ltd stocks in FY 2024-2025?

In FY 2024-2025, 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 24.3.

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 0.31 %.

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.