Cosmo Films Ltd, one of the global leaders and manufacturers of Bi-axially Oriented Polypropylene Films (BOPP) was established in the year 1981. The company is promoted by its visionary leader Mr. Ashok Jaipuria and is a pioneer of BOPP manufacturing in India. Since inception Cosmo has maintained market leadership in both the domestic and export market. During the year 2008 our company was awarded "Top exporter award" by Dun & Bradstreet under the large Indian exporters' category. By March 2009 Company total capacities are 96,000 MT of BOPP films.
Company has also set up a Captive Power Plant of 8 MW to ensure uninterrupted power supply.
Company has equity of Rs.19.44crore while company has huge reserve of around Rs.249.20crore (12.41 times more than equity). Promoter holds 43.65% stake in company, Institution hold 2.08% stake, non promoter corporate bodies hold 7.81 stake and public hold only 28.86% stake in this company.
Company has shown very good result in April-March 2009. Net sales zoomed from Rs.585.16crore to Rs.667.74crore while net profit zoomed from Rs.44.50crore to Rs.87.46crore. After showing marvelous result company has paid 50% dividend. Share price slide from Rs.113 to Rs.55 in one year in currently traded @ 95, current level stock is traded at PE ratio of just 3.3.
Cosmo Films Ltd has informed BSE regarding a Press Release dated June 12, 2009, titled "Cosmo Films completes acquisition of US based GBC Commercial Print Finishing for US $ 17.1 million"
Current level stock is available at dirt cheep rate. For this level stock is looking safe for investors. Buy with stop loss of 86, on upper side stock will go up to 125-150 level in coming days, this is good stock for dividend yield reason and market is looking highly overbought then also this stock is looking safe
Company has also set up a Captive Power Plant of 8 MW to ensure uninterrupted power supply.
Company has equity of Rs.19.44crore while company has huge reserve of around Rs.249.20crore (12.41 times more than equity). Promoter holds 43.65% stake in company, Institution hold 2.08% stake, non promoter corporate bodies hold 7.81 stake and public hold only 28.86% stake in this company.
Company has shown very good result in April-March 2009. Net sales zoomed from Rs.585.16crore to Rs.667.74crore while net profit zoomed from Rs.44.50crore to Rs.87.46crore. After showing marvelous result company has paid 50% dividend. Share price slide from Rs.113 to Rs.55 in one year in currently traded @ 95, current level stock is traded at PE ratio of just 3.3.
Cosmo Films Ltd has informed BSE regarding a Press Release dated June 12, 2009, titled "Cosmo Films completes acquisition of US based GBC Commercial Print Finishing for US $ 17.1 million"
Current level stock is available at dirt cheep rate. For this level stock is looking safe for investors. Buy with stop loss of 86, on upper side stock will go up to 125-150 level in coming days, this is good stock for dividend yield reason and market is looking highly overbought then also this stock is looking safe
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