The share price of this steel firm gained 8 percent to an intraday high of Rs 1,280.00 per share on Tuesday after the company received 3 work orders worth Rs 23.7 crores from wagon manufacturing clients.
With a market capitalization of Rs 1,048.36 crores, at 3:00 pm ., the shares of Cosmic CRF Ltd company moved up by 7.8 percent, trading at Rs 1,278.8 a piece on Tuesday’s afternoon session. Comparing today’s high of Rs 1,280.00 per share and to a previous close of Rs 1,185.65 per share, the stock moved up by 8 percent.
According to the company’s stock exchange filings, the company secured three work orders from two different domestic clients. Specifically, one domestic client issued two work orders, while the other domestic client issued one work order.
The combined value of the first set of orders amounts to Rs 12.8 crores, while the second order is valued at Rs 10.9 crores. Altogether, the total value of all the work orders stands at Rs 23.7 crores.
The First order pertains to supply both BOSM Wagon-300 Sets and BOXNHL Wagons-61 sets. The second order pertains to supply 400 sets of CRF Sections-BOXNS Wagons, and all three orders need to be completed within 6 months. The awarding entity is Wagon Manufacturing Industry, as per the exchange filings.
Considering the financials of Cosmic CRF Ltd. On a year-on-year basis, the revenue from operations increased by 109 percent from Rs. 121 crores in FY22-23 to Rs 253 crores in FY23-24.
While the net profits of the firm increased by 116 percent from Rs. 6 crores in FY22-23 to Rs 13 crores in FY23-24.
As of March 2024, the ROE stood at 6.07 percent. And The ROCE was 8.64 percent. The net profit margin stood at 5.03 percent.
The company derives its revenues from the following segmentation viz, 5 percent from prototype products, 15 percent from fabrication, and 80 percent from Colled rolled form (CRF ) products.
The shares of this company generated multi-bagger returns of 432 percent over the past year and 231 percent over the past 6 months.
The company has acquired N S Engineering . With this acquisition Cosmic CRF expects its growth to continue and achieve substantial revenue and also improve its PAT margin by the year ended 31.03.2025.
As of March 2024, its shareholding pattern stood at 61.24 percent for promoters, 32.21 percent for the public, and 6.54 percent for foreign Institutional investors
Incorporated in 2021, Cosmic CRF LTD is engaged in the manufacturing of Railway Components, Sheet Piles, and Structures.
Written by Zahal.
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