Small-cap stock engaged in the manufacturing and selling of specialty films jumped 2 percent in the day’s trade upon launching Metalised Electrical grade BOPP films for Capacitor application.
At 12:52 the shares of Cosmo First Limited were trading at Rs. 611, down 0.30 percent from its previous day’s close price of Rs. 612.85 and its market capitalization is Rs. 1,598 Crores.
Cosmo First Limited has launched Metalised Electrical grade BOPP films for Capacitor application. These Films are used for Capacitor manufacturing of various types of AC and DC Capacitors.
These Capacitors have diverse applications ranging from Electronics appliances, Industrial applications, Power Electronics, Automobile, Electric Vehicles, Renewable Power systems, and many more.
The metalized capacitor-grade films will be manufactured under clean room conditions with micro-slitting capability and thickness ranging from 2.5 microns to 12 microns. The current installed capacity of these Metalised Films is approximately 750 MT per annum, and it is looking forward to scaling up this product category in the future.
There is a lot of focus from the Government to make the Country self-reliant under the Atmanirbhar Bharat Scheme for Electronics manufacturing and Electronics exports as a key initiative. Capacitors being an important component in the Electronics Eco-system truly support this Government initiative.
Currently, there are a lot of imports happening for these electrical grade capacitor films from countries like China, and with the growing demand for high-quality Capacitor Grade Films, there is a large potential for these films for both the Domestic and export markets.
The company’s revenue from operations grew 0.89 percent from Rs. 3,038.39 Crores in FY22 to Rs. 3,065.29 Crores in FY23, accompanied by profits of Rs. 396.61 Crores to Rs. 243.99 Crores.
Cosmo First Limited is engaged in the manufacturing and selling of specialty films used for packaging, laminating, and labeling applications.
Even though the company has good financials and future plans over the year it has not performed well, thereby giving negative returns though the company looks good for long term.
Written by: Bharath K.S
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