Company Overview

Security ID: COSMOFE

Key Financial Results (₹ in Lakhs)

FY2025-26 Performance:

  • Net Sales: ₹9,859 (Previous Year: ₹8,566)
  • Other Income: ₹277 (Previous Year: ₹176)
  • Profit before Interest, Depreciation and Tax: ₹902 (Previous Year: ₹394)
  • Finance Cost: ₹608 (Previous Year: ₹548)
  • Depreciation: ₹472 (Previous Year: ₹467)
  • Exceptional Items: ₹25 (Previous Year: Nil)
  • Profit before Tax: -₹203 (Previous Year: -₹621)
  • Tax Expense:
  • Current Tax: ₹0
  • Deferred Tax: -₹45
  • Profit After Tax: -₹159 (Previous Year: -₹566)

Operational Highlights

Sales Performance:

  • Sales increased to ₹9,859 Lacs from ₹8,566 Lacs in previous year (15% growth)
  • Net loss before tax improved to ₹203 Lacs from ₹621 Lacs loss in previous year

Dividend Declaration:

  • No dividend recommended due to loss incurred during the year

Share Capital Changes:

  • Equity Share Capital: No change during year, remained at ₹12.03 Cr divided into 1,20,30,000 equity shares of ₹10 each
  • Preference Share Capital: Redeemed 2,00,000 10% Non-Convertible Cumulative Redeemable Preference Shares of ₹100 each (aggregating ₹2 Crore)
  • Outstanding preference shares balance: Nil as on March 31, 2026

Foreign Exchange:

  • Earnings: ₹2,817.85 Lacs (Previous Year: ₹2,559.00 Lacs)
  • Utilized: ₹2,327.36 Lacs (Previous Year: ₹1,703.67 Lacs)
  • Export contribution: 27% of total revenue

Research & Development:

  • Capital Expenditure: ₹1.73 Lacs
  • Recurring Expenditure: ₹59.03 Lacs
  • Total R&D: ₹60.76 Lacs (0.62% of Net Sales)

Corporate Governance & Board Matters

Board Composition:

  • Mr. Ambrish Jaipuria: Managing Director
  • Mr. Pankaj Poddar: Non-Executive Director (to retire by rotation)
  • Mr. Rajesh Kumar Gupta: Independent Director
  • Mr. Ram Agarwal: Independent Director (appointed March 6, 2025)
  • Dr. Himalyani Gupta: Independent Director (reappointed for second term until May 2027)
  • Mr. Anshuman Sood: Independent Director

Board Meetings:

  • 4 Board Meetings held during FY2025-26
  • 4 Audit Committee Meetings held
  • All directors attended all meetings

Key Managerial Personnel Changes:

  • Ms. Niharika Gupta: Company Secretary (cessation w.e.f April 18, 2025)
  • Ms. Priyanka: Company Secretary (appointment w.e.f June 19, 2025)

Remuneration Details:

  • Mr. Ambrish Jaipuria (MD): Total remuneration ₹171.59 Lacs (Salary: ₹112.59 Lacs, Profit Linked Incentive: ₹43 Lacs, Contributions: ₹16 Lacs)
  • Non-Executive Directors: Sitting fees totaling ₹8.40 Lacs paid

Auditors

Statutory Auditors:

  • M/s. Suresh Kumar Mittal & Co. reappointed until 41st AGM
  • No qualifications or adverse remarks in audit report

Secretarial Auditors:

  • M/s DMK Associates reappointed for 5 years from FY2025-26 to FY2029-30
  • No qualifications in secretarial audit report

Cost Auditors:

  • M/s Ravi Sahni & Co. appointed for FY2026
  • Remuneration requires shareholder ratification

Capital Structure & Financial Position

Property, Plant and Equipment:

  • Gross carrying value: ₹9,107.70 Lacs
  • Accumulated depreciation: ₹2,585.60 Lacs
  • Net carrying value: ₹6,522.09 Lacs

Inventories:

  • Total: ₹1,341.93 Lacs (Previous Year: ₹1,656.75 Lacs)
  • Raw materials: ₹436.76 Lacs
  • Work-in-progress: ₹456.22 Lacs
  • Finished goods: ₹75.86 Lacs
  • Stores and spares: ₹373.08 Lacs

Borrowings:

  • Long-term borrowings (secured): ₹1,365.96 Lacs
  • Short-term borrowings: ₹5,504.43 Lacs
  • Lease liabilities: ₹63.35 Lacs (Non-current: ₹42.93 Lacs, Current: ₹20.42 Lacs)

Key Ratios

Significant Changes (>25%):

  • Debt Service Coverage Ratio: 0.66 times (Previous: 0.32 times) - 108.97% change
  • Return on Equity: -5.72% (Previous: -19.87%) - 71.19% improvement
  • Return on Capital Employed: 3.86% (Previous: -2.48%) - 255.91% improvement
  • Net Profit Ratio: -1.61% (Previous: -6.60%) - 75.64% improvement

Other Ratios:

  • Current Ratio: 0.64 times (Previous: 0.74 times)
  • Debt Equity Ratio: 2.97 times (Previous: 2.90 times)
  • Inventory Turnover Ratio: 2.46 times (Previous: 2.06 times)

SEBI Listing Requirements:

  • Annual listing fees for FY2026-27 paid to BSE
  • 97.84% of equity share capital dematerialized
  • Compliance certificate obtained for corporate governance norms

Other Compliances:

  • No deposits accepted from public
  • No material related party transactions
  • No CSR applicability as per Section 135 of Companies Act, 2013
  • Whistle Blower Policy implemented
  • No sexual harassment complaints received

Contingent Liabilities

  • Taxation matters disputed: ₹57.71 Lacs
  • Bank guarantees: ₹84.11 Lacs
  • Interest on unsecured loans waived: ₹401.17 Lacs (with right to re-compensate)

Energy Conservation

  • Solar power generation: 5,17,395 KW-hr (₹31.56 Lacs savings)
  • Contract demand reduction: Savings of ₹26.91 Lacs
  • Various energy efficiency projects: Total savings of approximately ₹3.17 Lacs

Product Development

  • New products developed for solar inverters, space vehicles, automotive applications
  • NiZn products vertical created
  • Automatic coating machine installed for epoxy-coated products

Market Segments Served

  • Automotive (antenna, sensors)
  • Industrial electronics (medical, power supplies)
  • Solar inverters, current sensors
  • Electric vehicle battery chargers, wireless charging
  • EMI filters, lighting inductors

#Tags: #CosmoFerrites #AnnualReport #SEBIDisclosure #RegulatoryCompliance #FinancialResults #Neutral