Cosmo First Limited (COSMOFIRST.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-241.7%

-₹1,072.85

vs ₹757.20 price

Levered DCF

-₹1,203.66

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	9.87×	12.29×	22.06×	6.46×	7.82×	4.88×	3.51×	6.08×
P/B	0.95×	1.12×	1.02×	1.21×	2.61×	1.35×	0.54×	0.55×
P/S	0.42×	0.57×	0.54×	0.52×	1.04×	0.51×	0.18×	0.18×
EV / EBITDA	8.24×	8.44×	9.58×	5.93×	6.36×	4.41×	4.47×	6.7×
Gross margin	22.2%	35.0%	26.4%	28.4%	33.5%	33.9%	11.7%	25.4%
Operating margin	6.8%	6.5%	3.8%	10.5%	17.3%	13.6%	10.4%	5.4%
Net margin	4.3%	4.6%	2.4%	8.1%	13.2%	10.5%	5.2%	2.9%
Current ratio	1.23×	1.25×	1.19×	1.33×	1.6×	1.29×	1.13×	1.13×
Debt / equity	1.04×	0.98×	0.78×	0.72×	0.69×	0.89×	1.07×	1.19×
Interest coverage	1.75×	1.9×	1.1×	7.2×	13.03×	8.41×	6.34×	2.38×
Dividend yield	0.7%	0.5%	0.9%	0.0%	2.0%	3.8%	12.2%	3.7%
Payout ratio	6.6%	5.8%	20.9%	0.0%	15.8%	18.8%	42.9%	22.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.6%	9.1%	4.6%	18.8%	33.3%	27.7%	15.3%	9.0%
Return on invested capital	5.4%	4.8%	3.1%	10.3%	17.8%	12.4%	9.5%	6.1%
Return on assets	3.3%	3.2%	1.8%	7.8%	14.4%	11.1%	5.9%	3.3%
Free cash flow yield	-8.5%	-20.5%	-3.8%	5.4%	6.4%	22.6%	47.7%	14.0%
Earnings yield	10.1%	8.1%	4.5%	15.5%	12.8%	20.5%	28.5%	16.4%
Enterprise value	₹31.6B	₹30.6B	₹24B	₹24.8B	₹38.8B	₹18.5B	₹11.6B	₹11.3B
Net debt / EBITDA	4.23×	3.92×	4.09×	2.16×	1.27×	1.66×	2.94×	4.49×
Cash conversion cycle (days)	15	24	8	29	37	88	59	59