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Apr 27, 2010

Cosmo Ferrites 523100

 

 

Name of Company

Cosmo Ferrites

BSE Code

523100

NSE Code

 

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

http://www.cosmoferrites.com/

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.

Peers

 

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