Sep 23, 2022 04:01 PM
Containers & Packaging firm Cosmo First announced Q1FY23 Result :
Commenting on Company’s performance Mr. Pankaj Poddar, Group CEO, Cosmo First Ltd. said “In packaging business, we expect growth journey to continue with speciality films. Our continued thrust on innovating films with lower carbon footprints would further strengthen our leadership position in specialty films. During the quarter, our Specialty Chemicals business has posted a threefold increase in revenue over last year. Our Petcare vertical, Zigly has now four experience centres. We target to have 15 experience centres by FY23. In coming years, the Company’s growth will be driven by expanded portfolio of speciality films, commissioning of Specialized Polyester line and capacity expansion of CPP and BOPP films as well as innovative multi products offering in specialty chemicals and growth in omni channel ecosystem for Pets Care.”
|Jun 16, 2022||Bonus||1:2|
|Feb 02, 2022||Dividend||100|
|Sep 27, 2021||Dividend||250|
Cosmo Films Limited is one of the worlds' largest manufacturing companies in specialist films for packaging, lamination, and labelling applications and has a market capitalization of Rs 2,317.60 Crores on 24th August '2021. Cosmo Films limited was established in 1981. At the end of March 2021, it registered combined revenue of Rs 2,322.92 Crores. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 508814 and scrip code COSMOFILMS. As of 24th August ‘2021, Cosmos Films Limited is trading at Rs. 1,275.30.
The Indian packaging market valued at USD 75 billion during last year isn't showing any signs of slowing down and is predicted to succeed to USD 204.81 billion by the year 2025 and is believed to register the CAGR of 26.7% in the 2020-2025 phase. The company is currently in the business of manufacturing Packaging Films, Lamination Films, label films, and Industrial Films. Cosmos Films limited has four manufacturing plants, out of which three plants are spread across India and 1 in Korea. Cosmo Films is accredited with ISO and British Retail Consortium (BRC) certifications. The promoters currently hold 44.11% of the stake in the company, 5.11% by institutional investors, 4.39% by bodies corporate, and the rest, 46.39%, is owned by the others (Retail Investors). Cosmos Films has seven subsidiaries, including six step-down subsidiaries and 1 Indian subsidiary. Currently, cosmos films have business activities in nine international locations, out of which the USA, South Korea, Japan, Canada, and Germany are the major ones.
In March 2021, revenue from the operation was Rs 2,322.92 Crores, up 4.47% from Rs 2222.99 Crores in March 2020. The quarterly Net Profit in June 2021 was Rs. 657.90 Crores, up 42.50% from Rs. 461.71 Crores in June 2020. In June 2021, EBITDA was Rs. 108.92 Crores, up 36.70% from Rs. 79.68 Crores in June 2020. From Rs. 24.91 in June 2020, Cosmos Films EPS has risen to Rs. 37.66 in June 2021. Cosmos Films' stock closed at 1,252.70 on 23rd August '2021 (NSE) and has returned 164% (approx.) in the last six months and 184% (approx.) in the previous year.
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|Face Value Equity Shares||:||10|
|Market Lot Equity Shares||:||1|
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