Cosmo Films up 20%

Cosmo Films is doing exceedingly well – operationally and on the bourses too. Currently 20% up at Rs.110.80, with volumes over 9 times, there seems to be literally a clamor to get the sock.

This sudden spike up on interest on the counter is on the back of its very good performance for Q4Fy15. It posted an operating profit of Rs.37 crore v/s Rs.13 crore (QoQ) and Rs.27 crore (YoY). EPS for FY 15 is placed at Rs. 20.80 (FV of Rs.10) and the company declared a dividend of Rs. 3.50 per share.

Cosmo Films is one of the global leaders and manufacturers of BOPP Films. It is the largest exporter of BOPP films from India and largest manufacturer of thermal Lamination films in the world. The films make their way into flexible packaging, labels and lamination industry.  The company is on a sound fundamental footing with its manufacturing plants located in India, Korea, Netherlands and U.S.A. The good news is that all these are now largely fully owned by its wholly owned subsidiaries, with residual stakes being recently acquired from minority shareholders. Promoters stake, as at 31st March 2015 stands at 42.84% with FII stake miniscule at 0.02% though DIIs have consistently reduced their stake from 1.09% in Q3 to 0.97% in Q4.