Good set, margins maintained. (Due to tax though, but not much impact)
The long term advance of 9 cr is questionable or I am not aware of.
Overall Good set of numbers.
As for the Notes given-
The company is planning to acquire a NCLT company having similar line of business.
This will lead to expansion of production capacity - beneficial for the company.
Can you please share the financial impact this litigation could have on the company ? If you are aware about it.
Its around 10 crores.
Finally the news is here which we were waiting for. The NCLT order for the takeover.
This will enhance the capacity as well as the client base of the company.
cosmic order.pdf (4.3 MB)
Bulk deal - Cosmi CRF (Credits : Bulk deals daily log by Devesh Gaur)
Entering Entity: YUGA STOCKS AND COMMODITIES PRIVATE LIMITED
Entry Price: 371
Entry Quantity: 20,000 shares
This is a railways related business, so this might be late to the party, but does look statistically cheap at about 2X sales multiple. Definitely worth a look
Yuga appears to be trading entity…lots of trades in their Screener page…so would not give any credence to this.
In Nov 23, Cosmic got some small quantities of orders through tender form in one railway zone.
Of course it’s in very small quantities but the CosmicCRF is actively participating in local tenders also.
This acquisition seems to be a good move. Huge wagon orders lead to good earning visibility for cosmic and this acquisition may add more top line and bottom line.
@ca.ankitarathi Any views on Competition?
Who are its peers, how Cosmic is better than its peers?
Well didn’t look at the competitors very closely.
The exact competitors are all the companies who make CRF(Cold Rolled Formed ) steel products-
namely JSW steel, TATA Steel, JIndal Steel etc
Big order won by the subsidiary NS Engg of CosmicCRF.
Order value is 127 Cr
This sick N.S.Engg was acquired by CosmicCRF recently and now the management is delivering!?
CosmicCRF came with an investor presentation.
Key points:
Planning to Takeover companies.
Order Book- 504 Cr
Focus on Higher Margin Business
Targeting 100% growth in topline and bottom line.
Focussing on backward and forward integration
Working on to acquire Bogies, Coach body manufacturing plants?
FY24 topline of 254 crores with a 9%NPM.
My view on CosmicCRF:
Investor presentation link:
https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=21641fc8-a593-41c6-b9b6-00766736b1e4.pdf
With thanks
Be and Make
@Be_and_Make
