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
CosmicCRF came with good numbers.
37% growth in Top line 172% in bottom Line and 100% in EPS.
Management walks as per their talks. (100% growth)
CosmicCRF came with a detailed Investor presentation.
Management’s aggression for growth is clearly visible.
He is having Very in-depth knowledge about wagon manufacturing.
Investor presentation:
bseindia.com/stockinfo/AnnP…
Watch the full video:
My observations:
Out of 85 Cr (raised in preferential) - 26 Cr still in hands.
More acquisitions on cards!
They planning to acquire amzen transport through NCLT, If they succeeded in it then definitely they get good opportunity for wagon manufacturing (As it had all RDSO approvals)
They are also planning to make some technical collaborations with Russian Railway wagon manufacturer. It is still in initial stages and if it happens they will have some additional advantage (when compared to Titragarh or Jupiter). Of course it’s too early to make any assumption as the management clarified that just initial meetings completed but so far they have not made any agreements.
As management guided, they are going to become a complete wagon manufacturer and the demand for wagons (up to 2030) is very huge.
So far management is walking as per their talk. Let’s see what they will do in future.
With thanks
Disc: Invested (My views may be biased as I am holding this, plz do your own research)
Money is stuck in inventory and receivables. Has anyone here done work on cash flows? Would appreciate any views.
The Cosmic Birla Group has ambitious plans for expansion in the electric vehicle (EV) sector, focusing on both manufacturing capabilities and product offerings. Here are the key components of their future expansion strategy:
Manufacturing Facility
New Plant in West Bengal: The group is establishing a new manufacturing facility in Domjur, West Bengal, with an investment of ₹50 crore. This plant is expected to be operational by October 2024 and will have an initial production capacity of 12,000 electric two-wheelers per annum. The facility aims to cater to the growing demand for electric scooters in eastern India.
Product Line Expansion
Electric Two-Wheelers: Following the acquisition of Raft Motors, the group has launched several models under the brand Raft Cosmic EV. They currently offer five e-scooter models and plan to enhance their product range further.
Electric Three-Wheelers and Commercial Vehicles: Cosmic Birla Group intends to enter the electric three-wheeler market, with plans to begin production in the 2026-27 fiscal year. This move signifies their commitment to expanding into commercial vehicles as part of their broader EV strategy.
Revenue Goals
The group aims to achieve a revenue target of ₹100 crore by FY’25 from its EV division and has set an ambitious goal to reach a total revenue of ₹5,000 crore by 2028, supported by ongoing investments in infrastructure and technology across all sectors.
Showroom Expansion
Cosmic EV has opened a showroom and service center in Kolkata, with plans for additional locations to enhance customer accessibility and service support for their electric vehicles. This includes a second showroom planned for Khidderpore.
In summary, the Cosmic Birla Group’s future expansion plans in the EV sector are characterized by significant investments in manufacturing, diversification of their product lineup, strategic revenue targets, and enhanced customer engagement through showroom expansions.
My observations:
Disc: Invested (my views may be biased)
