Cosmo Ferrites Ltd
COSM

Cosmo Ferrites Ltd (523100)

₹592.954.99%

Key Stats

₹577
Day's Price Range
₹592.95
₹22.25
52-Week Price Range
₹673
1 Month Return-0.26 %
3 Month Return47.87 %
1 Year Return2267.92 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 17
EPS
Rank 17
BVPS
Rank 26
Dividend Yield
Rank 11
ROE
Rank 16
11.08%
Price To Book Ratio
Rank 18
Debt To Asset
Rank 26

Company Information

Promoted by Ashok Jaipuria and his associates and Cosmo Films Cosmo Ferrites CFL has been manufacturing soft ferrites since 1988 at its plant in Solan in Himachal Pradesh. It was set up in technical collaboration with Veb ElektroConsult Germany. The types of ferrite core manufactured by CFL include U and E cores used in power transformers for SMPS telecommunication computers and lighting systems and yoke rings used in deflection yokes of TVs. CFL classifies the U and E cores as nitrogen cores and yoke rings as oxygen cores according to the atmosphere prevalent at the sintering stage. Though the cost of producing the latter is lower the valueaddition is greater in the former. Owing to a buyback agreement with the collaborator CFLs performance in the first year 198889 was noteworthy. But since the technology transferred was poor the company had various manufacturing problems. The tieup was subsequently called off in 1989. In the red between 1989 and 1993 this company made a maiden net profit of Rs 2.6 cr on a turnover of Rs 11.64 cr in 199394. The export earnings from granulates has grown at a CAGR of 56 to Rs 2 cr in 199394. A major portion of this additional income is pumped into R D. CFL ensures that these buyers do not compete with it in the international market for its ferrite cores. Its technology has already been accepted by its buyers and bulk orders are being received. The company is also trying to tap the Eastern Bloc. It is expanding its capacity for nitrogen products from 300 tpa to 900 tpa and for powder from 900 tpa to 2400 tpa. The increased production will start in 199697. The expansion of capacity will result in significant economies of scale and increased profits.Company has increased its market shares substantially with the domestic CTV manufactures and company now having a wider customer base in different geographic locations. As a results company components exports doubled.The company enjoys IECQ Geneva certification as well as ISO 9002 approval. Customers both domestic and overseas have appreciated the quality of the companys products through increased purchases. During 199899 company earned Foreign exchange amounting to Rs 8.60 crs.During the year 200001 the company has achieved the best ever performance in sales due to areconfiguration of manufacturing systems bfocussing on new product development creducing the debtburden substantially through rights issue and because of that debtequity ratio has significantly come down when compared to the previous year.The company is planning to increase the installed capacity of component from the current 1350 MT PA to 2050MT PA.The cost of the project are funded through internal accruals as well as borrowings.
OrganisationCosmo Ferrites Ltd
HeadquartersSolan
IndustryConsumer Durables