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Cochin Minerals & Rutile Ltd. Stock Analysis

Small Cap
Evaluated by 252 users | BSE: 513353 | NSE: |
Chemicals
Cochin Minerals & Rutile (CMRL) manufactures the best quality Synthetic Rutile across the world. CMRL is India's largest manufacturer of Aqua Ferric Chloride, which conforms to all major international standards.   CMRL's plant is ideally located at Edayar Industrial Development...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 12.15%81.3%41.09%-1.36%-10.39%-6.62%-0.68%5.56%7.76%8.42%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 128236198131116158149164223263
Y-o-Y Gr. Rt.-84.1%-15.9%-33.8%-11.8%36.5%-5.8%10.1%36.3%17.8%
Adjusted EPS (Rs.) 6.3672.2555.45-6.02-27.68-16.76-7.461.45.57.34
Y-o-Y Gr. Rt.-1036%-23.3%-110.9%NANANANA292.9%33.5%
Book Value per Share (Rs.) 43.62102.57146.23140.11110.1892.2585.7386.6393.5598.71
Adjusted Net Profit 556.643.4-4.7-21.7-13.1-5.81.14.35.8
Net Op. Cash Flow (Rs. Cr.) 1053.4-14.1-11.1-3.45.812.68.712.635.6
Debt to Cash Flow from Ops 1.490.27-0.61-5.73-15.048.873.654.413.010
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Cochin Minerals & Rutile Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 8.3%17.9%20.9%17.8%
Adjusted EPS 1.6%NANA33.5%
Book Value per Share 9.5-2.24.85.5
Share Price -0.8% 10.1% -5.5% -22.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 15.3198.8444.57-4.2-22.12-16.55-8.391.626.117.64
Operating Profit Margin (%) 9.9838.0334.6-0.07-18.51-7.51-0.155.517.028.44
Net Profit Margin (%) 3.892421.91-3.59-18.71-8.3-3.920.671.932.18
Debt to Equity 0.430.180.080.580.590.710.680.570.520
Working Capital Days 6768141294362237198183158136
Cash Conversion Cycle 3322892172511401081037120
Entity Percentage Holding
Promoters 52.31%
Institutions 0.62%
Non-Institutions 47.07%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Cochin Minerals & Rutile Ltd.'s performance infers:

Cochin Minerals & Rutile Ltd. earnings have grown by 0%, whereas share price has appreciated 10.1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Cochin Minerals & Rutile Ltd. share prices over the last 10 years. Here is what we found out:

Cochin Minerals & Rutile Ltd. share price has appreciated 6% annually over the past ten years.

Cochin Minerals & Rutile (CMRL) manufactures the best quality Synthetic Rutile across the world. CMRL is India's largest manufacturer of Aqua Ferric Chloride, which conforms to all major international standards.  

CMRL's plant is ideally located at Edayar Industrial Development area, hardly 15 kilometer’s from Cochin

Cochin Minerals & Rutile (CMRL) manufactures the best quality Synthetic Rutile across the world. CMRL is India's largest manufacturer of Aqua Ferric Chloride, which conforms to all major international standards.  

CMRL's plant is ideally located at Edayar Industrial Development area, hardly 15 kilometer’s from Cochin Port and 100 kilometer’s from the Ilmenite deposits.

The company started production with a modest capacity of 10,000 tonnes per annum (TPA) of Synthetic Rutile and 12,500 TPA of Ferric Chloride. Subsequent through innovations and debottle-necking, the company enhanced its production capacity of Synthetic Rutile to 36,000 TPA, Ferric Chloride to 15,000 TPA and Ferrous Chloride to 18,000 TPA.   

Steady Research and Development efforts helped CMRL to retain its leadership in quality. It is the policy of the company to continuously improve the product quality to the total satisfaction of the customers by the contribution of skills, talents and innovation of its employees.

Objectives of CMRL:

  • To give prime importance to customer requirements and satisfaction
  • Focusing on result oriented work culture
  • Continuous improvement of product and process
  • Conformance to documented quality system
  • Employee Development

Products :

a) Beneficiated Ilmenite (Synthetic Rutile)  --  Uses of this product are:

  • Flux component in Welding Electrodes
  • Feed stock for Titanium Sponge
  • Ingredients of Special Abrasives

b) Ferric Chloride -- Used in:

  • In Desalination plants
  • In water and sewage treatment
  • In etching Printed Circuit Boards
  • In the manufacture of several iron compounds
  • In the pharmaceutical preparations
  • In inks and pigments
  • In pickling of stainless steel and high nickel alloys
  • In textile mordanting
  • In the petrochemical Industry - ETP Treatment

c) Ferrous Chloride – Some of the uses of Ferrous Chloride are:

  • For treatment of effluent from paper mill to reduce colour, COD, BOD and AOX
  • Cost effective solution for lignin separation from black liquor generated in paper mill.
  • It is the best reagent to reduce Hexavalent Chromium to Trivalent and make it insoluble in wate 

Achievements:

The quality management system of CMRL is ISO 9001:2000 certified by Bureau Veritas and accredited by UKAS (UK), ANAB (USA) and NABCB (India).

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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