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Cosmo First
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Cosmo First Ltd (formerly Cosmo Films Ltd), promoted by Ashok Jaipuria(son of the late Sitaram Jaipuria, former CMD of SWadeshi Polytex) is the pioneer in the manufacture of Biaxially Oriented Polypropylene Films (BOPP) which is widely used in the consumer product industry for packaging. The Company is engaged in production of flexible packaging films. Company's products majorly comprise of BOPP Films, Thermal Films and Coated Films. In India, it is presently having manufacturing facilities at Aurangabad and Shendra in Maharashtra and at Karjan in Gujarat. It has subsidiaries operating in different countries.
The company went public four years after its incorporation in 1976.
CFL, the first ISO 9002 certified BOPP manufacturing company operates two plants at Chikalthana and Waluj, both in Aurangabad district of Maharashtra with an combined production capacity of 23100 MTPA of BOPP and Synthetic paper. The company has taken up an another expansion project of 10000 MTPA at existing location at Waluj. CFT start exporting its products from 1994.
The company is continuously scaling up its capacity in line with the demand and it has set up a second plant(with an installed capacity of 2,000-tpa ) for manufacture of BOPP film at the Waluj Industrial Area in the Aurangabad district. Later the combined installed capacity was increased to 10800 mtpa through an expansion plan. In 1996-97, CFL has undertaken an debottlenecking programme(revamping of Line III) thus increasing the installed capacity to 13200 MTPA. And again in 1997-98 the installed capacity was increased to 14,100 MT.
The company is in the process of acquiring land at Nashik, Maharashtra for setting up a new unit with an installed capacity of 17000 MTPA of BOPP film. The company has plans to manufacture electrical-grade BOPP film in collaboration with General Electric, US. The company has won the Best BOPP Exporter Award from PLEXCONCIL for the year 1998-99.
The company acquired 76.51% stake in Gujarat Propack (GPP) at a price of Rs 29.25 per share. The deal translates into an Enterprise Valuation of around Rs 87 crore. In line with the take over Cosmo Films shall make an oppen offer to acquire a further 20% shareholding from public at the acquisition price of Rs 29.25 per share.
GPP was established in 1986 and is the second largest player in the Indian BOPP films industry with over 27% market share. GPP has an excellent track record in developing specialized products for high-end packaging applications and has an impressive customer profile which includes Hindustan Lever, Nestle India, ITC, Britania and Godfrey Philips India among others. GPP has total of three manufacturing lines and two plants located at Baroda with a capacity of 13,000 MTPA.
During the year 2002, Gujarat Propack Ltd merged with the company in the ratio of 2:1 equity shares held.
The company had issued Bonus Shares in the ratio of 1:1 to its shareholders and the allotment was completed on 28.03.2003.The company has increased BOPP's installed capacity by 25500 MT and consequently the total capacity has now stood at 48600 MT.
During the year 2002-03, the Company merged its subsidiary Gujarat Propack Ltd. effective from September 20, 2002. In terms of the said Merger, the Company issued 2,42,051 Equity Shares to the remaining share holders of Gujarat Propack Ltd. in the ratio of one new share of Cosmo Films Ltd for every two shares of Gujarat Propack held. The allotment of shares to the share holders of erstwhile Gujarat Propack Ltd was done on 27lh November 2002. Similarly, the Company capitalized its reserve by issue of fully paid bonus shares to existing share holders of the company in the ratio of one new Equity share for each share held. The allotment of the Bonus shares was completed on 28th March, 2003.
The Company commissioned expansion project at Waluj with a capacity of 10000 TPA on 6th March 2003. In 2004, it further commissioned expansion project atWaluj with a capacity of 14000 TPA on 8th March 2004. It commissioned on 28th Sept 2003 Captive power plant of 8 MW capacity at Waluj plant ; also commissioned Extrusion coating plant on 18 March 2004. In 2005, it commissioned second Extrusion Coating Line.
In 2005-06, it established Extrusion Coated Thermal Lamination films in international markets. It commissioned two extrusion coated film lines with a capacity of 3000 MT each in 2007-08. It expanded its capacity by commissioning a BOPP line of 35000 TPA and one extrusion coated film line of 3000 TPA at Karjan (Vadodara) during year 2008-09. The Company acquired GBC's Commercial Print Finishing Business, from ACCO Brands Corporation of USA for a purchase consideration of USD 17.1 million on 11th June 2009. It commissioned production from its new plant located at Shendra, SEZ, Aurangabad during 2013-14. CF Global Holdings Limited, the Company's wholly owned subsidiary acquired the entire holding of minority shareholders in its step down subsidiary resulting into all its step down subsidiaries becoming wholly owned and after that, it acquired a step down subsidiary namely CF Investment Holding Private (Thailand) Company Limited, Thailand during the year 2014-15.
With effect from March 18, 2016, CF (Mauritius) Holding Ltd, Mauritius, a step down wholly owned subsidiary of CF Global Holdings Ltd, Mauritius (the wholly owned subsidiary of Cosmo Films Limited) was amalgamated with its immediate holding Company.
The Company launched many new products during the financial year 2016-17. Under packaging films category, high moisture barrier films, aroma barrier films, aroma and oxygen barrier films were launched. Under lamination category, black velvet lamination films, scuff free matte lamination films were introduced. Under industrial film category, low noise tape was launched.
Company launched many new products during the financial year 2017-18. Under Packaging films category, BOPP Conduction Sealing Film, High Metal Bond CPP Film, BOPP Film for SOAP Wrapping were launched. Under Label category, Metalized Label Film was introduced. Under Industrial film category, Cosmo Synthetic Paper and Tape Release Film was launched. Besides these in the Lamination Category, Universal PET Lidding Film and Black and Metalised Velvet Film was launched. CF (Netherland) Holding Limited B.V., a wholly owned subsidiary of the Company setup a wholly owned step down subsidiary in Poland namely Cosmo Films Poland SP. Z.O.O. for the purpose of sale and distribution of its products manufactured by Company and/or its subsidiaries in 2018.
Company launched several new products during the financial year 2018-19 including High Barrier Heat Resistant Film, High Metal Bond CPP Film under Packaging Category, Universal Lidding film, Metalized Velvet film under lamination category. Under Label category, Company has launched High Gloss Metalized Film and under Industrial Film Category High Tear resistant Synthetic paper and Tape Resistant Film. Cosmo Speciality Chemicals Private Limited was incorporated as wholly-owned subsidiary on March 2nd, 2020.
Company launched several new products during the financial year 2019-20 including Teplor Heat Resistant Film, High Barrier CPP Film, Antifog Transparent Film, BOPP Fragranced Packaging Film, Metalized Velvet Film, Universal PET Lidding Film, Digitally Printable Synthetic Paper and High Tear Resistance Synthetic Paper.
Antimicrobial Thermal Lamination Film, Enhanced Barrier Metalized BOPP Film, High Gloss Metalized Label Film, Direct Thermal Printable Film, High Scratch Resistant Metalized Film, Laser Printable (Dry Toner) both side Coated White Synthetic Paper, and 100% Opaque Synthetic Paper were launched in 2021-22. Company had made a foray into the Pet Care business with the launch of 'ZIGLY in 2022.
In 2022-23, the Company started commercial production of specialized BOPET Line which has a total installed capacity of 30,000 MT per annum. PVC Free Media, HP Indigo Printable Media for Photo Album Application , Glossy CSP For Tag Application, Ozge synthetic paper for home & office laser printers, Scratch-free coated metallized film for low-migratory inks, PET G Shrink Label Grade Film, Low SIT High Heat Seal Strength Extrusion Grade Barrier Metallized CPP Film etc. launched in 2023.
Cosmo First share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Cosmo First indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Cosmo First is valued compared to its competitors.
Cosmo First PE ratio helps investors understand what is the market value of each stock compared to Cosmo First 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Cosmo First evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Cosmo First generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Cosmo First in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Cosmo First shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Cosmo First compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Cosmo First over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Cosmo First helps investors get an insight into when they can enter or exit the stock. Key components of Cosmo First Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Cosmo First shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Cosmo First ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Cosmo First provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Cosmo First highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Cosmo First .
The balance sheet presents a snapshot of Cosmo First ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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