Cosmic CRFShare price, financial results, shareholding and management
- Market cap
- ₹835 cr
- Stock P/E
- 16.5peers 26.3
- Book value
- ₹485
- Price to book
- 1.87
- EV / operating profit
- -
- Market cap to sales
- 1.16
- ROCE · FY26
- 13.9%
- ROE · FY26
- 11.9%
- ROE, 3-year average
- 11.3%
- Operating margin · FY26
- 11.0%peers 6.6%
- Sales growth, 3 years
- 80.9%
- Profit growth, 3 years
- 103.5%
- Debt to equity
- 0.30peers 0.63
- Borrowings
- ₹133 cr
- Interest cover
- 6.1×
- Cash from business / op. profit
- 31%
- Debtor days
- 105
- Pledged
- 0.00%
- Promoter holding
- 55.10%
- Change in promoter holding
- +0.35 pts
- Shareholders
- 3,452
- 52-week high / low
- ₹1,520 / ₹550
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Cosmic CRF share price chart
Close on 6 Nov 2026 · -0.68% on the day · Vol 5,700
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- -27.1%
- 3 months
- -32.1%
- 6 months
- +13.5%
- 1 year
- -27.0%
- Traded a day, 20 days
- ₹1.31 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +78% | +63% |
| 3 years, a year | +81% | +104% |
| Latest half, H2 FY26 | +77% | +112% |
About Cosmic CRF: business, products and customers
Cosmic CRF shapes steel into sections and parts for railway wagons, and through its subsidiaries makes steel products for roads and bridges and springs for trains. Its shares trade on BSE SME.
Cosmic CRF makes cold rolled formed steel sections and parts for railway wagons and coaches, such as underframe, body, door and stanchion parts, at its plant in Singur, Hooghly district, West Bengal. It sells to wagon builders, and the rating agency names Titagarh Wagons, Hindustan Engineering and Industries and Texmaco Rail among them.
Its subsidiary NS Engineering Projects, in which it holds 74%, makes sheet piles, high masts, poles, crash barriers and galvanised steel at Howrah. A second subsidiary, Cosmic Springs and Engineers, makes helical and CASNUB springs at Jangalpur and is building a forging unit. The group's four plants can make 1,33,600 tonnes a year and produced 1,06,370 tonnes in FY26.
Read more about the business
Most of the company's sales and orders are in West Bengal. It started FY27 with an order book of ₹760 cr, split between railway and infrastructure items.
What is new: the spring unit is waiting for its railway (RDSO) licence, the forging unit is under construction, and the company says it is again the top bidder for Amzen Transportation Industries, a wagon maker in insolvency, after the Supreme Court set aside an NCLAT order on its eligibility. The company also said in May 2026 that it would apply to move to the main board.
From the FY26 and FY25 annual reports, the November 2025 and May 2026 earnings calls, the December 2025 Infomerics rating note and the company's order announcements of September 2026.
Read the deeper study ↓In its favour
- Sales have grown very fast: 81% a year over three years.
To watch
- The Amzen Transportation takeover: the company was waiting for the lenders' approval and a letter of intent in May 2026, and expected first commercial production within about a year (Earnings call, May 2026, p.13 and p.25 to 26).
- The RDSO licence for the spring unit, expected in June 2026 on the May 2026 call (Earnings call, May 2026, p.14).
- The forging unit, which the company expects to start commercial production about nine months after May 2026 (Earnings call, May 2026, p.5).
- The planned move to the main board, which the company said it would apply for in July 2026 (Earnings call, May 2026, p.28).
- Customers take longer to pay than before: 105 days in FY26, against 18 in FY23.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Cosmic CRF revenue and profit growth
Half-yearly results · Profit and lossSales have grown very fast. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew faster than sales.
Cosmic CRF half-yearly results
SME companies report every six months · ₹ crore
| H1FY23 | H2FY23 | H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 13 | 109 | 123.47 | 130.01 | 169 | 232.25 | 304.45 | 412.15 |
| Expenses | 11 | 98 | 111.76 | 119.27 | 147 | 209.98 | 266.61 | 371.15 |
| Operating profit | 1 | 11 | 11.71 | 10.74 | 22 | 22.27 | 37.84 | 41 |
| OPM | 10.0% | 10.0% | 9.5% | 8.3% | 13.0% | 9.6% | 12.4% | 10.0% |
| Interest | 0 | 2 | 2.12 | 1.21 | 3 | 3.79 | 5.11 | 7 |
| Depreciation | 0 | 1 | 1.88 | 1.69 | 3 | 3.75 | 4.29 | 6 |
| Profit before tax | 1 | 8 | 7.73 | 7.97 | 22 | 15.04 | 31.15 | 30.64 |
| Net profit | 1 | 6 | 6.79 | 5.96 | 18 | 12.31 | 24.50 | 26.06 |
Cosmic CRF profit and loss
Full years to March, FY23 to FY26 · ₹ crore, consolidated where reported
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Sales | 121 | 253.48 | 402 | 716.60 |
| Expenses | 109 | 231.03 | 358 | 638.60 |
| Operating profit | 12 | 22.45 | 44 | 78 |
| OPM | 10.0% | 8.9% | 11.0% | 11.0% |
| Other income | 0 | 0.16 | 6 | 6.18 |
| Interest | 3 | 3.34 | 6 | 12 |
| Depreciation | 1 | 3.57 | 7 | 11 |
| Exceptional and other items | 1 | · | · | · |
| Profit before tax | 9 | 15.70 | 37 | 61.80 |
| Tax rate | 33.3% | 18.7% | 16.2% | 18.2% |
| Net profit | 6 | 12.76 | 31 | 50.56 |
| EPS ₹ | 12.57 | 19.35 | 31.67 | 54.92 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
The years to FY25 come rounded to the nearest crore in the source.
Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.
Cosmic CRF profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a moderate return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Operating margin | 10.0% | 8.9% | 11.0% | 11.0% |
| Tax rate | 33.3% | 18.7% | 16.2% | 18.2% |
| ROCE | · | 14.1% | 12.2% | 13.9% |
| ROE | · | 11.8% | 10.2% | 11.9% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
Cosmic CRF debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown. It borrowed much more last year. Its loans are smaller than its own money. Last year the business brought in less cash than it showed as profit, so part of the profit is still to be collected. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Cosmic CRF balance sheet
At each 31 March · ₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Equity capital | 5 | 8 | 9 | 9 |
| Reserves | 6 | 197 | 395 | 437 |
| Net worth | 11 | 205 | 404 | 446 |
| Borrowings | 36 | 19 | 78 | 133 |
| Other liabilities | 22 | 30 | 72 | 240 |
| Total liabilities | 69 | 254 | 554 | 819 |
| Fixed assets | 41 | 83 | 130 | 242 |
| Capital work in progress | 0 | 22 | 20 | 31 |
| Investments | 0 | 0 | 0 | 0 |
| Other assets | 28 | 149 | 404 | 546 |
Cosmic CRF cash flow
₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Cash from operations | 4 | -25 | -73 | 24 |
| Cash from investing | -27 | -27 | -65 | -145 |
| Cash from financing | 23 | 116 | 248 | 53 |
| Net cash flow | 0 | 64 | 110 | -68 |
Working capital
Days
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Debtor days | 18 | 49 | 94 | 105 |
| Inventory days | 69 | 62 | 82 | 65 |
| Days payable | 67 | 46 | 64 | 100 |
| Cash conversion cycle | 20 | 64 | 112 | 69 |
| Working capital days | 4 | 63 | 75 | 50 |
Cosmic CRF peers and competitors
Listed SME companies in the same industryBy sales, Cosmic CRF is number 6 of the 156 listed SME companies in industrial products.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Baheti Recycling Industries | 757 | 28.0 | 725 | 27.1 | 8.4% | 2.52 |
| Cosmic CRF | 835 | 16.5 | 717 | 50.6 | 11.0% | 0.30 |
| Supershakti Metaliks | 259 | 9.3 | 705 | 28 | 1.6% | 0.00 |
| Rajputana Industries | 147 | 12.0 | 698 | 12.2 | 4.0% | 0.83 |
| Purv Flexipack | 84 | 24.5 | 660 | 3.4 | 0.2% | 1.51 |
| Divine Power Energy | 1,520 | 56.3 | 626 | 27 | 8.0% | 1.21 |
| Subam Papers | 632 | 70.2 | 584 | 9 | 8.0% | 0.42 |
| Systematic Industries | 603 | 28.7 | 553 | 21 | 7.0% | 0.05 |
| Jay Bee Laminations | 193 | 10.6 | 548 | 18.3 | 6.2% | 0.19 |
| Cool Caps Industries | 235 | 28.1 | 531 | 8.4 | 1.1% | 1.72 |
| Vilas Transcore | 914 | 23.1 | 461 | 39.6 | 11.2% | 0.12 |
| Median of the 10 others | 431 | 26.3 | 605 | 19.6 | 6.6% | 0.63 |
Cosmic CRF shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company, a little less than in the first filing shown. Big foreign and Indian funds own very little. The number of shareholders has grown a lot.
Cosmic CRF shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Jun 23 | Sep 23 | Mar 24 | Sep 24 | Mar 25 | Sep 25 | Mar 26 | |
|---|---|---|---|---|---|---|---|
| Promoters | 98.43% | 72.54% | 61.25% | 61.25% | 54.75% | 54.75% | 55.10% |
| Foreign investors (FIIs) | 0.00% | 0.00% | 6.54% | 0.00% | 0.09% | 0.20% | - |
| Indian institutions (DIIs) | 0.00% | 0.00% | 0.00% | 6.65% | 10.32% | 10.41% | - |
| Number of shareholders | 43 | 2,199 | 1,384 | 1,724 | 3,123 | 3,534 | 3,452 |
Cosmic CRF study: the business from its own documents
Read from 10 of the company's own documentsCosmic CRF so far
From the company's own record
- 19 Sept 2026Order worth ₹11.80 cr
- 19 Sept 2026Order worth ₹5.90 cr
- 22 Sept 2026Order worth ₹2.50 cr
- 31 March 2026Promoters at 55.10%
- 27 Aug 2024Highest close since listing, ₹1,951.40
Cosmic CRF key facts from the filings
Each figure with the document it comes from
- Order book
- ₹760 cr
- Orders in hand at the start of FY27, up from about ₹550 cr a year earlier; a little more than FY26 revenue of ₹716.6 cr.Annual report FY26, p.11 and p.13; Credit rating note, Infomerics, Dec 2025, p.3
- Capacity
- 1,33,600 tonnes
- Yearly capacity across the company and its two subsidiaries; the company plans 1,74,600 tonnes by FY28.Annual report FY26, p.16 and p.23
- Production
- 1,06,370 tonnes
- Steel processed in FY26, against about 55,000 to 56,000 tonnes the year before.Annual report FY26, p.16; Earnings call, May 2026, p.8
- Spending on plants
- ₹133 cr
- Capital spending in FY26, against about ₹24.65 cr in FY25, on new lines, sheds and the subsidiaries' plants.Annual report FY26, p.11 and p.26
- Where it sells
- Mostly West Bengal
- Most revenue and most of the order book come from one state, which the rating agency calls a concentration risk.Credit rating note, Infomerics, Dec 2025, p.3
Show 5 more facts
- Credit rating
- IVR BBB+/Stable
- Infomerics upgraded the long term bank loan rating from IVR BBB in December 2025.Credit rating note, Infomerics, Dec 2025, p.1
- Spring business
- ₹67 cr
- FY26 sales of the spring unit, which earned only about ₹1.5 cr as without the RDSO licence its buyers were only traders.Earnings call, May 2026, p.17 to 18
- NS Engineering stake
- 74%
- Bought through the insolvency process in a consortium; investors and group companies hold the other 26%, which the company plans to bring in.Earnings call, May 2026, p.10 and p.28
- Amzen bid
- Top bidder
- The company says it is the highest bidder for Amzen Transportation Industries and is waiting for the lenders' approval and a letter of intent.Earnings call, May 2026, p.10 to 13
- New orders
- ₹34.3 cr
- Four orders announced on 19 and 22 September 2026 for the company and its two subsidiaries, from Kolkata customers, including GST; our arithmetic.Announcements, 19 Sep 2026 and 22 Sep 2026, p.1
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The company says it started FY27 with an order book of ₹760 cr and plans group capacity of 1,74,600 tonnes a year by FY28. On the May 2026 call, Aditya Vikram Birla said that if all goes smoothly FY27 should be at least 20% to 25% higher, that the spring unit's RDSO licence was expected the following month, that the forging unit should start commercial production in about nine months, and that Amzen could start its first commercial production within about a year once the takeover is cleared.
| What management said | When | What happened |
|---|---|---|
| RDSO licence for the spring unit within 40 to 45 days | Nov 2025 call | Still awaited in May 2026, then expected the following month |
| Forging unit to start commercial run by April or May 2026 | Nov 2025 call | Under construction in May 2026, start put about nine months away |
| Amzen takeover to complete within FY26 | Nov 2025 call | Waiting for lenders' approval and a letter of intent in May 2026 |
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Cosmic CRF earns its money turning steel into railway and infrastructure parts, and has grown fast by buying and expanding plants.
Its weak spots are dependence on one state, swings in steel prices and a heavy need for money as it keeps buying and building.
AverageCan it set its own prices?Prices largely follow steel, which everyone buys at about the same price. Price clauses in contracts pass on steel costs, but only after a delay.
AverageHow strong is it against rivals?Railway approvals are slow to get, which keeps new rivals out, but the same delay has held back the company's own spring unit.
WatchWho are its customers?Wagon builders and infrastructure contractors, mostly in West Bengal, so a slowdown in one state or one industry would hurt.
WatchDoes it need a lot of money?Yes. It holds months of steel stock, keeps spending on new plants and plans a large purchase partly on borrowed money.
StrongCan it keep finding new work?Orders in hand cover about a year of sales and have kept growing, with new orders still being announced.
AverageDo good and bad years swing a lot?Sales have risen every year so far, but railway and infrastructure spending runs in cycles and steel prices move a lot.
Who runs Cosmic CRF?
Promoters, directors and officers; tap a name for the background
AVAditya Vikram BirlaPromoter, Chairman and Managing Director · holds 35.47%
Holds a Bachelor's degree in Business Administration from Jadavpur University, Kolkata, and a post graduate diploma in business management from Cardiff University. Has around 12 years as chief commercial executive running a cold rolled forming division, covering raw material buying, production planning and marketing. Reappointed Managing Director for five years from 1 December 2025. The annual report states that Aditya Vikram Birla is the spouse of Purvi Birla.
Annual report FY25, p.38 and p.45 to 46; Annual report FY26, p.50 and p.109; Earnings call, May 2026, p.2PBPurvi BirlaPromoter and Director · holds 8.22%
Holds a Bachelor's degree in Business Administration from Jadavpur University, Kolkata, with more than six years in business development and administration, and oversees business development. On the board since December 2022; Whole Time Director during FY26, while the notice for the September 2026 AGM lists the role as Non Executive Director. The annual report states that Purvi Birla is the spouse of Aditya Vikram Birla and the daughter of Pawan Kumar Tibrewalla.
Annual report FY26, p.46, p.109 and p.120PKPawan Kumar TibrewallaNon-Executive Director
B.Com from St. Xavier's College, Kolkata, and a fellow member of the Institute of Chartered Accountants of India, with more than three decades in taxation, accounting, audit, finance and banking with private and public organisations. A director since incorporation in December 2021.
Annual report FY25, p.47ABAshok BarnwalIndependent Director
An independent director since April 2023 who chairs the audit committee, the nomination and remuneration committee and the stakeholders relationship committee.
Annual report FY25, p.54 to 55; Annual report FY26, p.120RPRam Pada MandalChief Financial Officer
Chief Financial Officer since January 2023; signs the company's order disclosures to the exchange.
Annual report FY25, p.54; Announcement, 19 Sep 2026, p.1Cosmic CRF latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹412 cr (+77%), net profit ₹26.1 cr (+112%) on H2 FY25.
- Shareholding, 31 March 2026: promoters 54.75% to 55.10%.
- 22 Sept 2026: order worth ₹2.50 cr announced.
- 19 Sept 2026: order worth ₹5.90 cr announced.
Cosmic CRF announcements
8 on record, latest first; each opens the filing on the exchange
- Company UpdateIntimation of Investor/Analyst Meet scheduled to be held on Monday, October 12, 2026 at 2:00 P.M. (IST)PDF ↗
- Company UpdateCertificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026PDF ↗
- AGM/EGMSubmission of Voting Results and Scrutinizer''s Report of the AGM of the Company held on Monday, 28th day of September, 2026PDF ↗
- AGM/EGMSummary of the proceedings of the AGM of the Company held today, Monday, September 28, 2026PDF ↗
- Company UpdateReceipt of purchase order by the subsidiary M/s. N S Engineering Projects Private Limited worth Rs. 250.46 LakhsPDF ↗
- Company UpdateReceipt of purchase order by the Subsidiary M/s Cosmic Springs & Engineers Limited worth Rs. 589.96 LakhsPDF ↗
- Company UpdateReceipt of Purchase order by the Company worth Rs. 1179.92 LakhsPDF ↗
- Company UpdateReceipt of Purchase order by the subsidiary M/s N S Engineering Projects Private Limited worth Rs. 1414.04 LakhsPDF ↗
Cosmic CRF annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Cosmic CRF share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Cosmic CRF's data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- !For FY25, H1FY25 the exchange filing's profit lines do not add up as read, so the figures shown are from the results page instead.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (92,06,243 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- ✓Earnings per share moves in line with profit across the years shown.
- ✓Revenue and profit are reported for every year shown, FY23 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Cosmic CRF
What does Cosmic CRF do?
Cosmic CRF shapes steel into sections and parts for railway wagons, and through its subsidiaries makes steel products for roads and bridges and springs for trains. Its shares trade on BSE SME.
What is the share price of Cosmic CRF?
₹907 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Cosmic CRF?
₹835 cr at the close on 6 Nov 2026, on 92,06,243 shares.
What is the P/E of Cosmic CRF?
16.5 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Cosmic CRF's revenue and profit?
Revenue ₹717 cr and profit after tax ₹51 cr in FY26.
Who are the promoters of Cosmic CRF?
Aditya Vikram Birla, Purvi Birla; promoters held 55.10% at 31 March 2026.
What is Cosmic CRF's website?
www.cosmiccrf.com
More SME companies like Cosmic CRF
Other listed SME companies in industrial products, the closest in size first, each read from its own documents.
- Vilas TranscoreVILAS · NSE Emerge · Industrial Products · listed 2024Market cap ₹829 cr
- Sunlite Recycling IndustriesSUNLITE · NSE Emerge · Industrial Products · listed 2024Market cap ₹827 cr
- Baheti Recycling IndustriesBAHETI · NSE Emerge · Industrial Products · listed 2022Market cap ₹855 cr
- Neetu YoshiNEETUYOSHI · BSE SME · Industrial ProductsMarket cap ₹791 cr
- Technocrats Plasma SystemsTECHNOCRAT · BSE SME · Industrial ProductsMarket cap ₹733 cr
- Tankup EngineersTANKUP · NSE Emerge · Industrial Products · listed 2025Market cap ₹951 cr
Built from 3 earnings call transcripts, 3 annual reports, 2 investor presentations, 2 credit rating notes, 8 exchange announcements, 7 shareholding patterns and 4 years of reported results. Every figure carries its source; where the documents are silent, the page says so.