Cosmic CRF Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Cosmic CRF Ltd trades at ₹1,286, in a confirmed uptrend and 6 weeks into that stage. That is +13.3% against its own 200-day average. It sits at 48% of a 52-week range of ₹968 to ₹1,630. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 7 straight weeks.

Today the stock is in a confirmed uptrend — week 6 of stage 2, confirmed. At ₹1,286 it trades +13.3% versus its 200-day average and sits at 48% of its 52-week range (₹968–₹1,630).

Against the market, two honest reads. Cumulative: over the last 3.1 years the stock moved +439% while the NIFTY 500 moved +42% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 7 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Cosmic CRF Ltd trades at 23.4× P/E, near the bottom of its own range — cheaper only 29% of the time. Its long-run median P/E is 29.9×, measured across 1.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 23.4× is near the bottom of its own range — cheaper only 29% of the time, against a long-run median of 29.9× measured over 1.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved +73.4% against a +0.9% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Cosmic CRF Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

No sector-relative score — Cosmic CRF Ltd is not present in the sector comparison for Railways.

The score is a rank WITHIN a peer set: every metric is scored by percentile against the other members. Without the peer set there is no score to state, so none is invented here.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Cosmic CRF Ltd reported ₹412 Cr of revenue in the Mar 26 quarter, +77.6% year on year. That is the 2nd straight quarter of year-on-year growth. Over 1 years it has compounded at 78.4% a year. The last full year, FY26, came in at ₹717 Cr. The last four reported quarters add to ₹1,117 Cr.

FY26 revenue came in at ₹717 Cr (+78.4% on the year), capping 1 years at 78.4% compound. The latest quarter (Mar 26) printed ₹412 Cr, +77.6% year on year — the 2nd consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +78.8% growth against the decade's 78.4% — the current year is running in line with its own long-run rate.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Cosmic CRF Ltd's operating margin is 10.0% in the Mar 26 quarter, +0.0 percentage points against the same quarter a year ago.

The latest quarter's operating margin is 10.0%, +0.0 pp against the same quarter a year ago. Across 2 fiscal years the operating margin has ranged 11.0%–11.0%.

Why the margin moved: operating margin went +1.6 pp year on year while gross margin went −0.6 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Cosmic CRF Ltd earned ₹26.0 Cr of net profit in the Mar 26 quarter, +136.4% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹51.0 Cr. The 1-year compound rate is 64.5%. That is 6.3% of the quarter's revenue.

Mar 26 profit was ₹26.0 Cr, +136.4% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹51.0 Cr (+64.5%), and the 1-year compound rate is 64.5%.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 2 fiscal years −60% of Cosmic CRF Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹24.0 Cr of operating cash against ₹51.0 Cr of profit. After ₹134 Cr of capital spending, ₹−110 Cr was left as free cash.

FY26: operating cash of ₹24.0 Cr against reported profit of ₹51.0 Cr, leaving free cash of ₹−110 Cr after ₹134 Cr of capital spending. Across the last 2 fiscal years the conversion rate is −60% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at −60%: the cash cycle tightened 43 days between FY25 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: the bigger cash user is investment — capital spending ran 12.2× depreciation over three years, so the next section's job is to check what that build-out is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Cosmic CRF Ltd's cash conversion cycle runs 69 days in FY26, down from 112 days in FY25. Capital spending ran ₹134 Cr over the last 1 years. At FY26 sales of ₹717 Cr each day of that cycle holds about ₹2.0 Cr, so roughly ₹136 Cr sits inside the business at any moment.

FY26: debtors at 105 days, inventory at 65 days — roughly 2.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 69 days, tighter than FY25's 112.

The full loop: cash goes out to suppliers and production on day 0; stock waits 65 days to sell; customers pay about 105 days after that; and suppliers themselves are paid at 100 days — netting out to the 69-day cycle.

In money terms: at FY26 sales of ₹717 Cr, each day of the cycle holds about ₹2.0 Cr — so the 69-day loop keeps roughly ₹136 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹134 Cr over the last 1 fiscal years against ₹11.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹31.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Cosmic CRF Ltd earns a ROCE of 14% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 7.1% net margin on 0.88× asset turns.

FY26 ROCE is 14%.

Why the return is what it is — the wiring (FY26): 7.1% net margin × 0.88× asset turns × 1.84× balance-sheet leverage ≈ 11.5% on equity. Margin does its share; leverage is a meaningful part of the equation.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Cosmic CRF Ltd carries ₹133 Cr of borrowings against ₹446 Cr of equity in FY26, a debt-to-equity of 0.30. Operating profit covers the interest bill 7×. Over 1 years borrowings went from ₹78.0 Cr to ₹133 Cr. Capital spending ran ₹134 Cr across the last 1 of those years.

FY26: borrowings of ₹133 Cr against equity of ₹446 Cr — a debt-to-equity of 0.30. Operating profit covers the interest bill 7×. Over 1 years borrowings went from ₹78.0 Cr to ₹133 Cr while capital spending ran ₹134 Cr in just the last 1 — part of the build-out is riding on borrowed money.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 43.3 points of Cosmic CRF Ltd over 6 quarters, the biggest move on the register. That takes promoters to 55.1% of the company. Domestic institutions moved +10.4 points over the same window, to 10.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −43.3 points over 6 quarters to 55.1%; Domestic institutions: +10.4 points over 6 quarters to 10.4%; Foreign institutions: +0.1 points over 6 quarters to 0.1%.

🚨 Why the register moved: promoters drove it (−43.3 points), absorbed on the other side by domestic institutions (+10.4 points) — distribution into the market’s bid.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Cosmic CRF Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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