Microcap stock hits 5% upper circuit after Govt imposes up to 35% anti-dumping duty

The shares of one of the largest manufacturers of Mn-Zn-based Soft Ferrite cores used in the Power Electronics Industry hit a 5 percent upper circuit as the Government imposed Anti-Dumping Duty on “Soft Ferrite Cores” originating in or exported from China. 

Price Action

The shares of Cosmo Ferrites Ltd, with a total market capitalization of Rs 262.86 Crore on Wednesday, reached an Intraday high at Rs 218.5 per share, hitting a 5 percent Upper Circuit in today’s trade. 

The shares of Cosmo Ferrites Ltd have generated a return of 12 percent in the past year, and an impressive return of 6,072 percent in the past five years. 

What Happened 

The company announced, in an exchange filing dated March 19, 2025, that the Directorate General of Trade Remedies (DGTR) has previously initiated an Anti-Dumping Investigation into imports of “Soft Ferrite Cores” from China. Following that, the official government Gazette announced on March 18, 2025, about imposing an anti-dumping duty of up to 35 percent on such imports.

The company expects this move to improve local capacity utilization and operating margins, as it reduces competition from low-cost Chinese imports, creating a more favorable market environment for domestic manufacturers.

Financials

The company reported an increase of 6 percent YoY in Revenue from Operations from Rs 21.33 Crore in Q3FY24 to Rs 22.61 Crore in Q3FY25. Its Net loss was also reduced from Rs 1.39 Crore to Rs 0.45 Crore over the same period. 

Clients

The company has a strong client base consisting of companies like Dixon, Philips, Havells, Bosch, Syrma, Schaffner, BHEL, ITI Ltd, BEL, ABB and more. 

Also read: What is going on with Tata Motors? A look into its recent developments and Price Targets

Product Range and Market Segments

The product range of the company comprises of MnZn Ferrite Components (EE, EC, ETD, EER, EI, EFC, UU, TOROIDS, EP, RM, PQ, Pot, Planar, PTS, I Bar, EFF, EVD and EED) and  Pre-Calcined Ferrite Powder. 

The company caters to diverse segments like Automotive, Solar, Industrial Electronics, EV, Lighting, etc. 

About Cosmo Ferrites Limited

Cosmo Ferrites Limited is one of the largest manufacturers of Mn-Zn-based Soft Ferrite cores used in the Power Electronics Industry. It has a capacity of 3,600 tons in Ferrites Powder and 3,900 Tons in Ferrites Component. The company has a significant global presence in countries like Europe, the USA, the UK, New Zealand, Israel, Thailand, China, Sri Lanka, Turkey, etc.  

Written By Adhvaitha Nayani 

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