Cosmic CRF Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 13 Jun 2026 | Industrial Products | Market Cap: ₹1.2K Cr
Cosmic CRF aims to achieve 350,000 metric tonnes total capacity by FY29, up from current 133,600 metric tonnes. The company aims to achieve complete economies of scale by FY29, targeting 350,000 metric tonnes capacity, which will significantly boost earnings and profits.
From Cosmic CRF Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹1,255
Market Cap
₹1.2K Cr
P/E Ratio
22.8
Revenue Rank
Margin Rank
How does Cosmic CRF Ltd rank in Industrial Products?
Compare Cosmic CRF Ltd against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
Rank 2- →Cosmic CRF aims to achieve 350,000 metric tonnes total capacity by FY29, up from current 133,600 metric tonnes.
- →FY27 capacity is expected to reach around 122,000 to 130,000 metric tonnes.
- →Company targets at least 100% volume growth, contingent on favorable global and domestic conditions.
- →Revenue growth is projected at 20-30% for FY27, depending on raw material pricing and government infrastructure investments.
- →Average pricing expected to increase by 7-10% in second half of FY27.
- →Amzen capacity and other integrations will significantly boost volumes post-FY27.
- →Expected revenue at 350,000 metric tonnes (FY29) could be around INR 3,500 crores assuming average pricing of INR 100,000 per tonne.
- →Margins and cash flow are expected to improve with economies of scale and reduced debt traps.
- →Company to maintain strong order visibility (around INR 760 crores) aiding steady growth.
📈 Profitability & Margins
Rank 3- →The company aims to achieve complete economies of scale by FY29, targeting 350,000 metric tonnes capacity, which will significantly boost earnings and profits.
- →For FY27, volume is expected to increase to approximately 122,000 to 130,000 metric tonnes from 106,000-107,000 currently.
- →Revenue growth for FY27 is expected to be at least 20-30%, driven by higher volumes and potential price increases of 7-10% in the second half.
- →Earnings (PAT) margins are poised to improve, especially in the spring business segment once licensing is obtained, with PAT margin expected to rise from 10% to up to 15-18%.
- →Interest costs have increased but remain manageable, and the company intends to avoid excessive debt dilution.
- →The promoter's target is to sustain at least 100% growth in volume excluding Amzen, with long-term ambitions to grow 12x to 27x capacity over 3-4 years.
- →Overall, EPS and profitability growth are expected to be robust as capacity utilization and market conditions improve by FY29.
🏗️ Capital Expenditure Plans
Yes- →Significant capex underway for the Amzen project costing around INR 400+ crores aiming for 7,200 wagons per annum capacity.
- →Post-Amzen, capacity to scale up to 350,000 metric tonnes by FY29 across all units including Cosmic CRF, NS Engineering, Springs, and Forgings.
- →Focus on capacity enhancement in Cosmic Springs and Engineers with current utilization around 80%, aiming to cross 90% utilization next year.
- →Plans to consolidate NSEPL fully, subject to regulatory approvals, to optimize operations and scale.
- →Expecting continued investments in assets, repairs, AMCs for machinery at Amzen post-takeover phase, aiming for commercial production by Q4 FY26.
- →Capital infusion planned via term loans (~INR 200 crores) with a structured moratorium and payout tenure of 10 years.
- →Strategic focus on indigenous manufacturing aligned with growth in infrastructure and railways sectors in India.
💰 Fundraising & Capital Structure
Yes- →The company plans to take on term loan debt of around INR200 crores for the Amzen project, structured with a moratorium of 9-12 months and a 10-year repayment period to ease cash flow.
- →There may be a small term loan for forging operations as well.
- →Peak debt by FY28-29 is expected to be around INR300 crores of term loan and roughly INR300 crores of working capital.
- →Debt levels are intended to remain manageable, with plans to repay some term loans over the next 1.5 to 2 years.
- →Equity dilution will be avoided if the planned INR200 crore debt for Amzen suffices; dilution will only occur if additional funding beyond this arises.
- →The management is working through SEBI approval and merchant banker processes for potential consolidation (NSEPL into 100%), which may involve equity decisions.
- →Overall, the company aims to maintain a debt-light approach relative to its asset base.
📋 Order Book & Pipeline
Yes- →Last year, order visibility was around INR 500 to 550 crores.
- →This year, order visibility has increased to INR 760 crores, aided by NS Engineering Projects Private Limited.
- →The order book has become more robust with the inclusion of Amzen.
- →There is a large order visibility supported by multiple sectors with over 3,000 SKUs.
- →The company anticipates increased orders from West Bengal government projects, including metro, bullet trains, and infrastructure development.
- →Participation in tenders and government projects is ongoing with expectations of significant orders flowing in.
- →The overall outlook is positive with a strong pipeline of orders contributing to growth.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Cosmic CRF Ltd Q4 FY26 results?
Cosmic CRF aims to achieve 350,000 metric tonnes total capacity by FY29, up from current 133,600 metric tonnes. The company aims to achieve complete economies of scale by FY29, targeting 350,000 metric tonnes capacity, which will significantly boost earnings and profits.
What is Cosmic CRF Ltd share price analysis?
Cosmic CRF Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 22.8 with a market cap of ₹1,151 Cr. Investors should review the full earnings analysis for detailed insights.
Is Cosmic CRF Ltd planning capital expenditure?
Significant capex underway for the Amzen project costing around INR 400+ crores aiming for 7,200 wagons per annum capacity.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.