BSE: 530545
COSCO (INDIA) LTD.
The business sells sports and fitness equipment in India, splitting its activity between manufacturing its own products and trading in finished goods sourced from others. In FY26, total revenue stood at ₹188.56 crore. The manufactured products line generated ₹20.50 crore in segment revenue for the year but ran at a small operating loss (EBIT of negative ₹0.19 crore), while stock-in-trade (traded goods) contributed ₹32.26 crore with positive operating profit of ₹1.58 crore. The cost base is led by other operating expenses (19.4% of revenue) and raw materials (17.4%), with employees accounting for 11.8% of revenue. EBITDA margin came in at 4.28% in FY26, leaving net profit at ₹1.00 crore. The company runs from Delhi, is promoter-led, and has a wholly-owned subsidiary, Cosco Polymer Lanka (Private) Limited, which is under liquidation after being taken over by the Sri Lankan government. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufactured Products, Stock in Trade. Branded sports goods maker-and-trader with thin margins and limited capex
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 136 | 153 | 177 | 173 | 189 |
| EBITDA (ex other income) | 8 | 7 | 11 | 8 | 7 |
| margin % | 5.8 | 4.8 | 6.4 | 4.7 | 3.6 |
| Owners' profit | 2 | 1 | 3 | 1 | 1 |
| EPS, as reported (₹) | 4.61 | 1.64 | 7.71 | 1.88 | 2.42 |
| ROE % · ROCE % | 4.2 · 11.5 | 1.5 · 9.5 | 6.4 · 14.9 | 1.5 · 9.3 | 1.9 · 8.2 |
| Debt / equity (x) | 1.08 | 1.13 | 1.13 | 1.21 | 1.19 |
| Cash from operations | 5 | 5 | 8 | 7 | 9 |
| Capex | (1) | (3) | (3) | (2) | (2) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 48 | 38 | 41 | 46 | 50 | 37 | 48 | 53 |
| Profit before tax | 2 | 0 | 0 | (2) | 1 | (2) | 1 | 1 |
| Net profit | 2 | 0 | 0 | (1) | 1 | (1) | 1 | 1 |
| EPS (₹) | 3.68 | 0.48 | 0.87 | (3.15) | 1.32 | (3.44) | 2.17 | 2.36 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| MANUFACTURED PRODUCTS | 70 | 37.0 |
| STOCK IN TRADE | 119 | 63.0 |
| Total, before eliminations | 189 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| K. V. TOYS INDIA LIMITED | 149 | 28.6 | — | — | — | 17.4 | — | — |
| OK PLAY INDIA LTD. | 99 | 45.5 | 0.59 | 6.6 | 1.8 | 0.6 | 16.6 | 18.3 |
| COSCO (INDIA) LTD. ◆ | 75 | 74.7 | 1.45 | — | 1.9 | 1.2 | — | 5.0 |
| ARCHIES LTD | 36 | — | 0.29 | — | (3.4) | (3.4) | — | 0.7 |
| OLYMPIC CARDS LTD. | 5 | — | 4.31 | — | (24.6) | (32.6) | — | (13.7) |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 74.7 | 25.9 | 164 of 191 | 14% |
| P/B | 1.4 | 2.2 | 72 of 189 | 62% |
| ROCE | 1.2 | 7.0 | 171 of 219 | 22% |
| ROE | 1.9 | 5.8 | 133 of 189 | 30% |
| Debt / Equity | 1.2 | 0.2 | 178 of 190 | 6% |
| EBITDA margin | 5.0 | 9.3 | 142 of 193 | 27% |
| Revenue growth | 14.5 | 16.4 | 100 of 189 | 47% |
| Profit growth | 174.8 | 16.8 | 20 of 183 | 90% |
| Market cap | 75 | 223 | 148 of 228 | 35% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 8 Oct 2026 · Cosco informs shareholders about special window for physical share dematerialisation | compliance | minimal | — | — |
| 6 Oct 2026 · Reg 74(5) SEBI certificate filed for quarter ended September 30 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · 47th AGM: All 6 resolutions passed with 99.65% approval | board shareholder meetings | medium | — | — |
| 1 Oct 2026 · Reappointment of four Whole Time Directors approved by shareholders | management changes | medium | — | — |
| 1 Oct 2026 · 47th AGM Results: All 6 Resolutions Passed with 99.65% Approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Proceedings of the 47th AGM | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Trading Window Closed from Oct 1, 2026 for Q2/H1 FY27 Results | compliance | minimal | — | — |
| 8 Sept 2026 · Letters sent to shareholders without registered emails for 47th AGM | compliance | minimal | — | — |
| 8 Sept 2026 · COSCO India publishes 47th AGM notice | compliance | minimal | — | — |
| 7 Sept 2026 · Annual Report FY 2025-26 with 47th AGM notice | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.