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Name of Company | Cosmo Ferrites |
BSE Code | 523100 |
NSE Code |
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ICICI Code | |
Established | 1986 |
My Take | So-So |
Headquarters | Solan/Delhi |
Promoters | Cosmo films, Jaipuria family |
Story | Leading manufacturer of soft ferrites today in India. More than 70% is dependent on export. Has the plant in Solan, Himachal Pradesh. |
Sector | Steel |
Sub-sector | MnZn ferrite components |
Website | |
Positives | Claim to have only 300 employees with 60 engineers. 62% promoter owned. NPM at 8-10 % is good. |
Negatives | Small cap company at 16 Cr market – so highly volatile stock. Last gave dividend in 2002. At Rs. 13.5 quotes at 11.4 times trailing 4Q earnings. As it is hugely dependent on exports, exchange rate fluctuations can hurt the company's earnings. No growth previous in annual revenue. No new plants/new products which can improve revenue/profitability. |
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Apr 27, 2010
Cosmo Ferrites 523100
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