Cosmic Crf wins Rs 651.0 lakh order from Infrastructure and Iron & Steel Industry Customer

ScanX News Cosmic Crf wins Rs 651.0 lakh order from Infrastructure and Iron & Steel Industry Customer 3 min read | Published on 08 Sept 2026, 10:04 PM | Updated on 08 Sept 2026, 10:04 PM Reviewed by Add as a preferred source on Google *this image is generated using AI for illustrative purposes only. Cosmic Crf has received a confirmed work order valued at Rs 651.0 lakh (Rs 6.51 crore) for the supply of 800 MT of Fabricated MS Steel Items. The contract was awarded by an Infrastructure and Iron & Steel Industry Customer and is scheduled for execution within one month. WHAT HAPPENED Cosmic Crf secured a confirmed work order worth Rs 651.0 lakh for 800 MT of Fabricated MS Steel Items from an Infrastructure and Iron & Steel Industry Customer, with delivery expected within one month. ORDER IN FINANCIAL CONTEXT The Rs 651.0 lakh order represents a modest addition to the company's pipeline relative to its scale. The total disclosed order book stands at Rs 1313.39 crore (sum of the 3 orders disclosed across the last 3 fiscal quarters shown in the table below). Given the company's average quarterly revenue is not explicitly provided in pre-computed metrics, we look to the TTM context: with FY26 annual revenue at Rs 716.60 crore, the disclosed backlog represents approximately 1.8x annual revenue, or roughly 7 quarters of coverage based on current run rates. This suggests a healthy buffer against demand volatility, though the concentration of this backlog in recent quarters warrants monitoring for execution consistency. COMPANY ORDER TRACK RECORD Order inflow appears stable in recent quarters, with the majority of the disclosed backlog originating from Q2FY27. The current order value of Rs 651.0 lakh is consistent with the company's typical per-order size visible in the history, which ranges from Rs 157.97 lakh to Rs 862.66 lakh. The client base remains diversified across infrastructure and railway sectors. Quarter Total Order Inflow (Rs Cr) Key Awarding Entities Q2FY27 (Jul-Sep 2026) 1313.39 Infrastructure Industry, Indian Railways - North Central Railway, Indian Railways - Southern Railway, Railway Wagon Manufacturing Industry EXECUTION AND REVENUE QUALITY The company demonstrated strong top-line growth in FY26, with consolidated revenue rising to Rs 716.60 crore and net profit increasing to Rs 53.26 crore. Operating profit margin remained stable at 10.95% in FY26, nearly identical to the 10.97% recorded in FY25. This indicates that revenue growth is being achieved without significant margin erosion, reflecting disciplined pricing or cost management. Quarter Revenue (Rs Cr) Net Profit (Rs Cr) OPM (%) FY26 716.60 53.26 10.95% FY25 402.00 30.80 10.97% REVENUE GROWTH - ORDER WINS TRANSLATING TO REVENUE As Cosmic Crf has sustained order wins, with significant inflows recorded in recent quarters, its annual revenue has grown from Rs 402.00 crore in FY25 to Rs 716.60 crore in FY26, representing a YoY growth of +78.3% based on the latest annual data. This acceleration aligns with the order book buildup seen in the track record, suggesting that past contract wins are successfully converting into recognized revenue. WORKING CAPITAL AND EXECUTION CAPACITY The balance sheet shows a current ratio of 1.70x, providing adequate short-term liquidity to fund operations. Total Liabilities/Equity stands at 0.89x, indicating a conservative leverage profile where liabilities are well covered by equity. However, operating cashflow was negative at -Rs 72.60 crore in FY25, while free cashflow stood at -Rs 119.40 crore. This divergence between accounting profits and cash generation suggests that working capital cycles are stretched, likely due to inventory buildup or receivables delays common in infrastructure supply chains. WHAT TO WATCH Execution rate: Monitor whether the Rs 1313.39 crore backlog converts to revenue at an accelerating pace, given the negative operating cashflow trend. Monitor whether the Rs 1313.39 crore backlog converts to revenue at an accelerating pace, given the negative operating cashflow trend. Cash conversion: Watch for improvement in operating cashflow; sustained negative cashflow despite profit growth signals potential receivables stress. Watch for improvement in operating cashflow; sustained negative cashflow despite profit growth signals potential receivables stress. Client concentration: Assess if the infrastructure and railway clients continue to provide timely payments, as delays could impact liquidity. Assess if the infrastructure and railway clients continue to provide timely payments, as delays could impact liquidity. Margin stability: Track if OPM remains near 10.95% as new orders execute, ensuring no price compression on steel products. KEY OBSERVATIONS Cash conversion: Operating cashflow of -Rs 72.60 crore in FY25; backlog is not converting to cash efficiently, and receivables or working capital cycle may be stretched. Operating cashflow of -Rs 72.60 crore in FY25; backlog is not converting to cash efficiently, and receivables or working capital cycle may be stretched. Backlog signal: Book-to-bill of 1.8x (based on FY26 revenue); while not extreme, the concentration of orders in Q2FY27 means execution capacity becomes the binding constraint for near-term revenue realization. Book-to-bill of 1.8x (based on FY26 revenue); while not extreme, the concentration of orders in Q2FY27 means execution capacity becomes the binding constraint for near-term revenue realization. Valuation check (as of 08 Sep 2026): P/E of 23.1x against ROCE of 10.32%. At the time of this article, valuation was pricing in execution improvement not yet visible in return ratios. P/E of 23.1x against ROCE of 10.32%. At the time of this article, valuation was pricing in execution improvement not yet visible in return ratios. Promoter holding: Moved from 54.76% to 55.10% in Q4FY26, a 0.34 pp change, indicating stable promoter confidence. Historical Stock Returns for Cosmic CRF 1 Day 5 Days 1 Month 6 Months 1 Year 5 Years - 3. 05 % - 8. 89 % - 9. 03 % + 25. 44 % - 5. 59 % 0.0% ScanX News Cosmic Crf wins Rs 651.0 lakh order from Infrastructure and Iron & Steel Industry Customer 1 min read | Published on 05 Sept 2026, 07:37 PM | Updated on 08 Sept 2026, 12:00 AM Reviewed by Add as a preferred source on Google *this image is generated using AI for illustrative purposes only. Cosmic CRF Limited has fixed Monday, September 21, 2026, as the cut-off date for determining shareholder eligibility for its fifth Annual General Meeting. The company issued this intimation on September 7, 2026, confirming the book closure period and e-voting schedule. The 5th AGM is scheduled for Monday, September 28, 2026, at 3:00 pm. It will be conducted through video conferencing or other audio-visual means, adhering to Ministry of Corporate Affairs and SEBI circulars. Shareholder Communication Details In accordance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company sent physical letters to members whose email addresses are not registered with the company, Registrar & Share Transfer Agent (RTA) M/s MAS Services Limited, or Depository Participants. These letters contain the web link to the soft copy of the Annual Report for the financial year 2025-26 and the AGM notice. The documents are also available on the company's website and the BSE Limited exchange portal. Shareholders holding shares in electronic form can update their email, bank, and KYC details by approaching their respective Depository Participants. Physical shareholders may write to the RTA with their folio number and self-attested PAN card. Voting and Record Dates Remote e-voting will commence on Friday, September 25, 2026, at 9:00 am and conclude on Sunday, September 27, 2026, at 5:00 pm. The register of members and share transfer books will remain closed from September 21 to September 28, 2026. Shareholders holding shares as of the cut-off date, Monday, September 21, 2026, are eligible to vote. Mr. Md. Shahnawaz, Proprietor of M/s M Shahnawaz & Associates, has been appointed as the scrutinizer for the e-voting process. Priya Sayani, Company Secretary & Compliance Officer, signed the notice. Aditya Vikram Birla, Managing Director, signed the letter to shareholders. Historical Stock Returns for Cosmic CRF 1 Day 5 Days 1 Month 6 Months 1 Year 5 Years - 3. 05 % - 8. 89 % - 9. 03 % + 25. 44 % - 5. 59 % 0.0% What key financial metrics or strategic initiatives from the 2025-26 fiscal year are expected to be highlighted in the Annual Report? fuzz it How might the proposed resolutions at the AGM impact Cosmic CRF's future capital allocation or dividend policy? fuzz it Are there any anticipated changes to the board of directors or senior management structure that shareholders should monitor during the voting period? fuzz it view all Cosmic CRF shareholders approve share swap, main board migration 5 days ago Cosmic CRF Ltd pays ₹5,900 fine for one-day filing delay Aug 03, 2026