Cospower Engineering Ltd
Incorporated in 2004, Cospower Engineering Ltd is in the business of manufacturing & supply of re-active power compensation systems, harmonic filters & other engineering goods[1]
- Market Cap ₹ 45.0 Cr.
- Current Price ₹ 300
- High / Low ₹ 389 / 200
- Stock P/E 409
- Book Value ₹ 48.1
- Dividend Yield 0.00 %
- ROCE 8.39 %
- ROE 1.55 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 70.3 to 45.4 days.
Cons
- Stock is trading at 6.23 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 5.17% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10.02 | 9.60 | 7.79 | 4.59 | 9.00 | 8.56 | 12.99 | 11.02 | 12.10 | 12.10 | 14.07 | 22.29 | |
| 9.57 | 9.11 | 7.08 | 4.12 | 8.54 | 7.88 | 11.93 | 9.63 | 10.48 | 10.25 | 13.04 | 19.06 | |
| Operating Profit | 0.45 | 0.49 | 0.71 | 0.47 | 0.46 | 0.68 | 1.06 | 1.39 | 1.62 | 1.85 | 1.03 | 3.23 |
| OPM % | 4.49% | 5.10% | 9.11% | 10.24% | 5.11% | 7.94% | 8.16% | 12.61% | 13.39% | 15.29% | 7.32% | 14.49% |
| -0.00 | -0.00 | 0.01 | 0.20 | 0.45 | 0.03 | 0.02 | 0.06 | 0.02 | 0.14 | 0.25 | 0.61 | |
| Interest | 0.15 | 0.32 | 0.51 | 0.48 | 0.39 | 0.36 | 0.32 | 0.31 | 0.50 | 0.65 | 0.63 | 1.88 |
| Depreciation | 0.05 | 0.06 | 0.15 | 0.08 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.19 | 0.28 | 1.77 |
| Profit before tax | 0.25 | 0.11 | 0.06 | 0.11 | 0.47 | 0.31 | 0.72 | 1.10 | 1.09 | 1.15 | 0.37 | 0.19 |
| Tax % | 28.00% | 36.36% | 33.33% | 45.45% | 42.55% | 35.48% | 26.39% | 27.27% | 33.03% | 34.78% | 43.24% | 42.11% |
| 0.17 | 0.08 | 0.05 | 0.07 | 0.28 | 0.19 | 0.53 | 0.81 | 0.73 | 0.75 | 0.21 | 0.11 | |
| EPS in Rs | 170.00 | 80.00 | 3.33 | 4.67 | 18.67 | 12.67 | 35.33 | 5.40 | 4.87 | 5.00 | 1.40 | 0.73 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | 22.22% | 20.55% | 20.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 23% |
| TTM: | 58% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -27% |
| 3 Years: | -47% |
| TTM: | -48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 81% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 5% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 |
| Reserves | 0.21 | 0.29 | 0.38 | 0.45 | 0.72 | 0.92 | 1.55 | 4.25 | 4.80 | 5.40 | 5.61 | 5.72 |
| 2.14 | 2.53 | 3.90 | 4.13 | 4.28 | 4.43 | 2.51 | 2.51 | 5.85 | 10.34 | 17.55 | 19.57 | |
| 3.72 | 5.53 | 2.97 | 1.07 | 3.65 | 4.08 | 4.96 | 4.20 | 5.14 | 5.43 | 6.72 | 8.05 | |
| Total Liabilities | 6.08 | 8.36 | 7.40 | 5.80 | 8.80 | 9.58 | 9.17 | 12.46 | 17.29 | 22.67 | 31.38 | 34.84 |
| 0.38 | 1.06 | 0.97 | 0.27 | 0.23 | 0.22 | 0.21 | 0.20 | 1.84 | 2.67 | 3.24 | 11.71 | |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.89 | 3.60 | 9.10 | 1.42 |
| Investments | 0.01 | 0.03 | 0.07 | 0.01 | 0.01 | 0.01 | 0.26 | 0.20 | 0.52 | -0.00 | -0.00 | -0.00 |
| 5.69 | 7.27 | 6.36 | 5.52 | 8.56 | 9.35 | 8.70 | 12.06 | 14.04 | 16.40 | 19.04 | 21.71 | |
| Total Assets | 6.08 | 8.36 | 7.40 | 5.80 | 8.80 | 9.58 | 9.17 | 12.46 | 17.29 | 22.67 | 31.38 | 34.84 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.00 | -0.00 | 1.08 | -0.01 | 2.43 | -1.21 | 1.40 | -0.01 | 0.21 | 5.56 | |||
| -0.00 | -0.00 | -0.08 | 0.02 | -0.14 | -0.34 | -2.74 | -3.69 | -6.32 | -2.54 | |||
| -0.00 | -0.00 | -0.53 | -0.33 | -2.19 | 1.73 | 1.29 | 3.25 | 5.74 | -3.02 | |||
| Net Cash Flow | -0.00 | -0.00 | 0.47 | -0.31 | 0.10 | 0.18 | -0.05 | -0.46 | -0.36 | 0.01 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 96.17 | 154.36 | 90.43 | 27.04 | 129.78 | 188.04 | 148.08 | 182.17 | 118.55 | 93.81 | 71.86 | |
| Inventory Days | 88.44 | 93.96 | 195.17 | 479.06 | 127.44 | 143.14 | 71.80 | 233.78 | 294.40 | 463.20 | 405.42 | |
| Days Payable | 145.46 | 250.88 | 167.78 | 104.08 | 127.44 | 177.73 | 171.27 | 170.37 | 127.17 | 177.67 | 185.00 | |
| Cash Conversion Cycle | 39.15 | -2.56 | 117.82 | 402.02 | 129.78 | 153.45 | 48.61 | 245.58 | 285.78 | 379.34 | 292.28 | |
| Working Capital Days | 51.00 | 42.96 | 116.20 | 291.84 | 182.91 | 276.73 | 79.80 | 219.93 | 180.09 | 240.42 | 248.52 | |
| ROCE % | 25.64% | 16.57% | 12.88% | 17.41% | 12.58% | 21.42% | 22.61% | 15.48% | 12.25% | 4.77% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2d
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2d
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Certificate under Reg 74(5) of SEBI(DP) Regulation, 2018 for quarter ended June, 2024
-
Clarification sought from Cospower Engineering Ltd
28 Jun - Exchange has sought clarification from Cospower Engineering Ltd on June 28, 2024 with reference to significant movement in price, in order to ensure that investors …
- Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held On Monday, June 03, 2024 3 Jun
Business Overview:[1]
Company is currently engaged in the business of manufacturing of electrical panels, harmonic filters and substation and equipment mounting structure. Company also provides turnkey services which involves supply, installation, commissioning, testing and comprehensive maintenance of electric products. There are few products which company does not manufacture but has to provide turnkey services by buying from other manufacturers. Company has extended its product range to other power related products that are needed to complete the electrical system.